Akash Agro Industries Annual Reports, Balance Sheet and Financials

Akash Agro Industries Limited Balance Sheet (in Rs.)

Akash Agro Industries Limited Profit & Loss Statement (in Rs.)

Akash Agro Industries Limited Consolidated Cash Flow Statement (in Rs.)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities

Net Profit / (Loss) Before Extraordinary Items and Tax:

2023: ₹5,98,83,457.73

2022: ₹5,15,64,510.19

The net profit before tax and extraordinary items shows an increase, indicating improved profitability.

Adjustments for Non-Cash Items and Other Adjustments:

Depreciation And Amortization:

2023: ₹1,41,19,733.95

2022: ₹1,30,33,653.49

Depreciation and amortization expenses increased, reflecting higher capitalized assets.

Deferred Income Tax:

2023: ₹4,75,317.80

2022: ₹94,066.11

Deferred tax adjustments reflect future tax liabilities or assets.

Prior Period Adjustment:

2023: ₹-77,483.97

2022: ₹-

Adjustments for prior periods impact the current period 's profit.

Loss On Sale of Fixed Asset:

2023: ₹-

2022: ₹11,938.00

No loss on the sale of fixed assets in 2023.

Operating Profit / (Loss) Before Working Capital Changes:

2023: ₹7,44,01,025.51

2022: ₹6,47,04,167.79

Reflects the company 's ability to generate cash from operations before changes in working capital.

Adjustments for Changes in Working Capital:

Inventories:

2023: ₹1,99,57,725.00

2022: ₹-8,63,91,451.00

Significant increase in inventories in 2023, indicating more cash tied up in stock.

Trade Receivables and Other Receivables:

2023: ₹-8,99,176.95

2022: ₹-9,42,73,251.55

Decrease in receivables, leading to improved cash flow.

Other Current Asset:

2023: ₹-22,61,157.97

2022: ₹-5,45,28,790.10

Increase in other current assets, indicating more cash tied up.

Trade Payables:

2023: ₹1,95,42,440.04

2022: ₹10,78,371.30

Increase in trade payables, reflecting better credit terms.

Other Current Liability and Provision:

2023: ₹-2,03,98,627.11

2022: ₹2,67,15,291.58

Decrease in current liabilities and provisions, impacting cash flow.

Cash Generated from Operations:

2023: ₹9,03,42,228.52

2022: ₹-14,26,95,661.98

Significant positive cash generation in 2023 compared to a negative figure in 2022, indicating better operational efficiency.

Net Income Tax (Paid) / Refunds:

2023: ₹-1,55,46,788.00

2022: ₹-1,30,71,821.00

Taxes paid, reflecting cash outflows for tax obligations.

Interest Paid:

2023: ₹-56,05,277.00

2022: ₹-76,97,660.56

Interest payments on borrowings, showing a decrease in 2023.

Net Cash Flow From / (Used In) Operating Activities:

2023: ₹6,91,90,163.52

2022: ₹-16,34,65,143.54

Positive net cash flow in 2023 compared to a significant negative figure in 2022, indicating improved cash management.

Cash Flow from Investing Activities

Capital Expenditure on Fixed Assets:

2023: ₹13,78,770.00

2022: ₹-1,26,72,982.51

Lesser capital expenditure in 2023, indicating lower investment in fixed assets.

Proceeds From Sale of Fixed Assets:

2023: ₹-

2022: ₹11,938.00

No proceeds from the sale of fixed assets in 2023.

Interest Income:

2023: ₹1,85,168.00

2022: ₹5,497.00

Increase in interest income in 2023, contributing to cash inflow.

Net Cash Flow From / (Used In) Investing Activities:

2023: ₹15,63,938.00

2022: ₹-1,26,55,547.51

Positive cash flow in 2023 compared to a significant negative figure in 2022, indicating better management of investments.

Cash Flow from Financing Activities

Proceeds From Long-Term Borrowings:

2023: ₹2,36,260.00

2022: ₹-

New long-term borrowings in 2023, providing cash inflow.

Repayment Of Long-Term Borrowings:

2023: ₹24,59,704.97

2022: ₹-

Repayment of long-term borrowings, indicating cash outflow.

Proceeds From Other Short-Term Borrowings:

2023: ₹-

2022: ₹10,02,23,172.40

No new short-term borrowings in 2023.

Repayment Of Other Short-Term Borrowings:

2023: ₹-2,36,18,365.18

2022: ₹-

Significant repayment of short-term borrowings in 2023.

Net Cash Flow From / (Used In) Financing Activities:

2023: ₹-2,09,22,400.21

2022: ₹10,02,23,172.40

Significant negative cash flow in 2023 compared to a positive figure in 2022, indicating repayment of borrowings.

Net Increase / (Decrease) In Cash and Cash Equivalent

Net Increase / (Decrease):

2023: ₹4,98,31,701.31

2022: ₹-7,58,97,518.64

Significant positive net increase in 2023 compared to a negative figure in 2022, indicating improved liquidity.

Cash And Cash Equivalents at The Beginning Of The Year:

2023: ₹2,98,03,633.30

2022: ₹10,57,31,804.90

Higher opening balance in 2022.

Cash And Cash Equivalents at The End Of The Year:

2023: ₹7,96,35,334.61

2022: ₹2,98,34,286.30

Significant increase in cash and cash equivalents at the end of 2023, indicating better cash position.

Financial Ratios of Akash Agro Industries Limited

Here is a summary of the financial and operational metrics for Akash Agro Industries Limited for the year 2023 & 2022:

Current Ratio

2023: 2.69

2022: 2.23

Insight: The current ratio has increased from 2.23 to 2.69, indicating improved liquidity. The company is now better positioned to cover its short-term liabilities with its short-term assets.

Debt to Equity Ratio

2023: 0.63

2022: 0.8

Insight: The debt-to-equity ratio has decreased from 0.8 to 0.63. This suggests that the company has reduced its reliance on debt financing relative to equity, resulting in a stronger balance sheet and lower financial risk.

Interest Coverage Ratio

2023: 10.75

2022: 7.18

Insight: The interest coverage ratio has increased significantly from 7.18 to 10.75. This indicates that the company is earning more than enough to cover its interest expenses, reflecting improved profitability and financial stability.

Return on Assets (ROA)

2023: 7.03%

2022: 7.09%

Insight: Return on assets has slightly decreased from 7.09% to 7.03%. This minor decline suggests that the company is maintaining its asset efficiency, although there is a slight dip in the returns generated from its assets.

Return on Capital Employed (ROCE)

2023: 11.58%

2022: 12.22%

Insight: Return on capital employed has decreased from 12.22% to 11.58%. This indicates a slight reduction in the efficiency with which the company is generating profits from its capital. However, the ROCE remains relatively strong.

Asset Turnover Ratio

2023: 12.44

2022: 13.76

Insight: The asset turnover ratio has decreased from 13.76 to 12.44. This suggests that the company 's efficiency in using its assets to generate sales has declined slightly.