| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Akme Fintrade India Limited |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Financial Assets |
|
|
|
Cash and cash equivalents |
870.65 |
737.39 |
|
Bank Balance other than (a) above |
178.12 |
294.77 |
|
Loans |
39,080.10 |
34,556.66 |
|
Investments |
20.44 |
20.40 |
|
Other Financial assets |
1,387.40 |
1,365.70 |
|
Non- financial Assets |
|
|
|
Deferred tax assets (net) |
256.85 |
142.33 |
|
Property, plant and Equipment |
1,661.16 |
1,782.76 |
|
Other Intangible Assets |
98.91 |
111.24 |
|
Other non-financial assets |
51.35 |
31.69 |
|
Total Assets |
43,604.98 |
39,042.94 |
|
Financial Liabilities |
|
|
|
Trade payables |
25.07 |
26.67 |
|
Debt Securities |
- |
1,000.00 |
|
Borrowings (other than Debt securities) |
19,478.25 |
14,778.00 |
|
Subordinated Liabilities |
1,000.00 |
1,998.30 |
|
Other Financial liabilities |
168.36 |
182.07 |
|
Non-Financial Liabilities |
|
|
|
Current tax liabilities (net) |
431.36 |
440.41 |
|
Provisions |
131.10 |
106.90 |
|
other non-financial liabilities |
46.97 |
39.55 |
|
Equity |
|
|
|
Equity Share capital |
3,167.50 |
3,167.50 |
|
Other Equity |
19,156.37 |
17,303.53 |
|
Total Liabilities and Equity |
43,604.98 |
39,042.94 |
|
Particulars |
2023-2024 |
2022-23 |
|
Revenue from operations |
|
|
|
Interest Income |
6,965.56 |
6,310.99 |
|
Fees and commission income |
186.64 |
209.78 |
|
Gain / Loss on Derecognised financial assets |
(3.41) |
(6.52) |
|
Other operating Income |
132.74 |
437.12 |
|
Total revenue from operations |
7,281.53 |
6,951.37 |
|
Other income |
68.59 |
5.45 |
|
Total Income |
7,350.12 |
6,956.82 |
|
Expenses |
|
|
|
Finance Cost |
2,828.10 |
2,800.79 |
|
Impairment of Financial Instruments (expected credit loss) |
570.03 |
359.12 |
|
Employee Benefits expenses |
739.69 |
768.92 |
|
Depreciation and Amortisation expenses |
50.79 |
58.19 |
|
Other Expenses |
785.88 |
1,092.89 |
|
Total Expenses |
4,974.49 |
5,079.91 |
|
Profit before tax |
2,375.63 |
1,876.92 |
|
Current Tax |
648.00 |
478.82 |
|
Deferred Tax (Net) |
(125.28) |
(53.76) |
|
Profit for the period / year |
1,852.92 |
1,451.86 |
|
Other comprehensive Income |
|
|
|
Re-measurements of the defined benefit plan (Net of Tax) |
(0.08) |
32.06 |
|
Total Comprehensive Income |
1,852.84 |
1,483.91 |
|
Earnings Per Equity Share (F.V. of Rs. 10/- each) |
|
|
|
Basic EPS (in rupees) |
5.85 |
5.38 |
|
Diluted EPS (in rupees) |
5.85 |
5.38 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash Flow from Operating Activities |
|
|
|
Profit before tax |
2,375.63 |
1,876.92 |
|
Adjustment For : |
|
|
|
Depreciation and Amortisation Expenses |
50.79 |
58.19 |
|
Provision for ECL |
425.45 |
48.53 |
|
Bad debts Written-off |
144.59 |
310.59 |
|
Interest on investment |
(0.78) |
(0.98) |
|
Profit on sale of fixed assets |
- |
- |
|
Operating cash flow before working capital changes |
2,995.68 |
2,293.25 |
|
Changes in Working Capital: |
|
|
|
Loans |
-5,093.47 |
-628.67 |
|
Other non- financial assets |
(19.65) |
(12.71) |
|
Other financial assets |
(21.70) |
792.17 |
|
Trade Payables |
(1.61) |
4.48 |
|
Decrease/(Increase) in Current Tax Liabilities |
(9.05) |
212.89 |
|
Provisions |
34.97 |
115.93 |
|
Other financial liabilities |
(13.71) |
(74.26) |
|
Other non-financial liabilities |
7.42 |
(63.81) |
|
Cash Credit |
(1,780.65) |
185.30 |
|
Net cash (used in) operations |
(3,901.77) |
2,824.56 |
|
Direct taxes paid (net) |
(648.00) |
(478.82) |
|
Net Cash from/ (used in) Operating Activities |
(4,549.77) |
2,345.74 |
|
Cash Flow from Investing Activities |
|
|
|
Investment in Fixed Deposits |
116.65 |
(177.04) |
|
Purchase of Fixed Assets |
(23.21) |
(1,441.58) |
|
Sale of Fixed Assets |
106.34 |
115.90 |
|
(Increase)/decrease in investment |
(0.05) |
(0.05) |
|
Interest income on Investment |
0.78 |
0.98 |
|
Net Cash from / (used in) Investing Activities |
200.51 |
(1,501.80) |
|
Cash Flow from Financing Activities |
|
|
|
Proceeds from issue of equity shares |
- |
985.85 |
|
Proceeds from securities premium (net off utilisation) |
- |
4,216.50 |
|
Other |
(0.08) |
32.06 |
|
Net Repayment of Borrowings during the period/year |
4,482.59 |
(5,415.02) |
|
Net Cash from/(used in) Financing Activities |
4,482.51 |
(180.62) |
|
Net increase / (decrease) in Cash and Cash Equivalents |
133.26 |
663.32 |
|
Cash and Cash Equivalents at the beginning of the period/ year |
737.39 |
74.07 |
|
Cash and Cash Equivalents at the end of the period/ year |
870.65 |
737.39 |
|
Cash in hand |
56.26 |
81.46 |
|
Balances with banks |
|
|
|
Credit Balance in OD Accounts |
414.39 |
455.93 |
|
- In other deposit accounts (original maturity less than 3 months) |
400.00 |
200.00 |
|
Cash and Cash Equivalents at the end of the period/ year |
870.65 |
737.39 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flow from Operating Activities:
The company generated a profit before tax of ₹2,375.63 lakhs in 2024, higher than ₹1,876.92 lakhs in 2023. Adjustments included:
Depreciation and amortization expenses of ₹50.79 lakhs.
Provision for Expected Credit Losses (ECL) of ₹425.45 lakhs.
Bad debts written-off amounted to ₹144.59 lakhs.
These adjustments brought the operating cash flow before working capital changes to ₹2,995.68 lakhs. Changes in working capital, such as a significant increase in loans and other financial assets, reduced cash flow, resulting in a net cash outflow from operations of ₹(3,901.77) lakhs.
After paying direct taxes of ₹648.00 lakhs, the company’s net cash used in operating activities was ₹(4,549.77) lakhs, compared to a net inflow of ₹2,345.74 lakhs in 2023. The decline was largely due to significant working capital adjustments.
Cash Flow from Investing Activities:
Investing activities resulted in a net cash inflow of ₹200.51 lakhs in 2024, compared to an outflow of ₹(1,501.80) lakhs in 2023. This was primarily driven by:
Proceeds from the sale of fixed assets amounting to ₹106.34 lakhs.
Interest income on investments of ₹0.78 lakhs. There was a smaller purchase of fixed assets at ₹23.21 lakhs, which helped reduce the overall cash outflow.
Cash Flow from Financing Activities:
Financing activities saw a net inflow of ₹4,482.51 lakhs in 2024, compared to a net outflow of ₹(180.62) lakhs in 2023. The positive cash flow in 2024 was largely due to:
Net repayment of borrowings amounting to ₹4,482.59 lakhs, indicating significant financing changes.
Net Change in Cash and Cash Equivalents:
The company experienced a net increase in cash and cash equivalents of ₹133.26 lakhs, compared to an increase of ₹663.32 lakhs in 2023. The closing cash balance stood at ₹870.65 lakhs, compared to ₹737.39 lakhs at the beginning of the year.
|
Particulars |
2024 |
2023 |
|
CRAR % |
49.86 |
51.19 |
|
CRAR - Tier I capital % |
48.44 |
49.27 |
|
CRAR - Tier II capital % |
1.41 |
1.92 |
|
Debt-Equity Ratio (times) |
0.92 |
0.88 |
|
Return on average Equity ratio (%) |
8.66% |
8.48% |
|
Net Profit ratio (%) |
25.21% |
20.87% |
Here is a summary of the financial and operational metrics for Akme Fintrade India Limited for the year 2024 and 2023:
CRAR (Capital to Risk-weighted Assets Ratio)
The CRAR measures a financial institution 's capital adequacy, ensuring it has enough capital to absorb potential losses. In 2024, the CRAR was 49.86%, slightly lower than 51.19% in 2023. This indicates a high level of capital adequacy, well above regulatory requirements, which signifies the institution is highly stable and capable of managing its risks effectively.
CRAR - Tier I Capital
The Tier I capital ratio represents the core capital of the institution, which includes equity and disclosed reserves. It remained strong at 48.44% in 2024, down slightly from 49.27% in 2023. This signifies the institution 's reliance on high-quality capital, ensuring it can withstand financial stress.
CRAR - Tier II Capital
The Tier II capital ratio, which includes supplementary capital like subordinated debt, decreased from 1.92% in 2023 to 1.41% in 2024. This indicates a slight reduction in the institution’s supplementary capital, but it still maintains a robust overall capital position.
Debt-Equity Ratio
The debt-equity ratio increased slightly from 0.88 in 2023 to 0.92 in 2024. This shows a marginal rise in the institution’s leverage, though it remains at a manageable level, indicating a healthy balance between debt and equity.
Return on Average Equity (ROE)
The ROE measures how efficiently the institution is using its equity to generate profits. It improved from 8.48% in 2023 to 8.66% in 2024, reflecting better profitability and effective utilization of shareholders ' equity.
Net Profit Ratio
The net profit ratio increased from 20.87% in 2023 to 25.21% in 2024. This indicates that the company is converting a larger percentage of its revenue into profit, reflecting improved operational efficiency and profitability.
