Alirox Abrasives Annual Report | Balance Sheet

Alirox Abrasives Limited (ALIROX) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Alirox Abrasives Limited

Alirox Abrasives Limited Balance Sheet (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Non - current assets
Property, plant and equipment	41.16	42.33
Investment	8,324.00	8,085.10
Deferred tax assets (net)	0.53	-
Non current tax assets (net)	0.44	-
Other Non Current Asset	0.26	0.69
Current assets
Investments	38.79	35.92
Cash and cash equivalents	47.74	42.69
Other Financial Assets	2.22	2.22
Current Tax Asset	10.15	9.16
Other current assets	1,885.86	1,899.19
Total assets	10,351.15	10,117.29
Equity
Equity share capital	24.00	24
Other equity	10,306.53	10,068.02
Minority Interest	-	0.18
Non - current liabilities
Deferred tax liabilities (net)	8.70	10.38
Current liabilities
Trade Payables
Total Outstanding dues of other than MSME	-	0.3
Other current liabilities	3.36	8.25
Provisions	8.56	6.16
Total Equity & Liabilities	10,351.15	10,117.29

Alirox Abrasives Limited Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Income
Income from Operations	45.60	45.60
Other income	64.73	41.74
Total income	110.33	87.34
Expenses
Employee benefits expense	58.64	45.20
Depreciation and amortization expense	9.11	11.15
Electricity charges	4.42	4.76
Other expenditure	31.76	24.36
Total expenses	103.93	85.47
Profit / (loss)for the year before tax	6.41	1.88
Tax expense
Current tax	8.56	6.16
Deferred tax	-2.20	-2.85
Income tax for earlier years	0.07	0.03
Net Profit/(Loss) for the year after tax	-0.02	-1.46
Other comprehensive income
Items that will not be reclassified to profit or loss:
Re-measurement gains/(losses) on Investment	238.97	2,144.06
Total comprehensive income for the period	238.97	2,142.60
Net Profit attribute to:
Owners of the parent	-0.02	-1.46
Other comprehensive income attribute to:
Owners of the parent	238.97	2,144.06
Total Comprehensive income attribute to:
Owners of the parent	238.96	2,142.60
Paid up equty share capital (face value per share Rs. 10/-)	24.00	24.00
Earnings per equity share
Basic	-0.01	-0.06
Diluted	-0.01	-0.06

Alirox Abrasives Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities:
Net Profit before tax	6.41	1.86
Adjustments
Depreciation / Amortization	9.11	11.15
Net Gain on Value of Mutual Fund	-2.88	-1.76
Amount Written Back	-0.34	-
Amount Written Off	-	-0.44
Dividend Income	-56.01	-36.12
Interest Income	-4.61	-3.85
(Profit)/Loss on sale of Investments	-0.90	-
Operating Profit before working Capital Changes	-49.22	-28.29
Adjustments for working Capital changes :
Trade and Other Payables	-3.19	3.19
Trade and Other Receivables	3.66	-3.55
Cash Generated from Operations	-48.75	-28.67
Net Direct Taxes Paid/Refund	0.15	-5.62
Net Cash from Operating activities	-48.60	-34.27
Cash Flow from Investing Activities
Purchase of fixed assets	-7.95	-
BuyBack of Equity Shares	-	-230.17
Purchase of Investments	-0.02	-39.34
Sale of Investments	1.00	-
Interest Received	4.61	-3.85
Dividend Received	56.01	36.12
Net Cash used in Investing Activities	53.65	-229.54
Net increase in cash and cash equivalents	5.05	-263.81
Cash and cash equivalents ( Opening Balance)	42.69	306.50
Cash and cash equivalents ( Closing Balance)*	47.74	42.69
Change in Cash & Cash Equivalents	5.05	-263.81

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities:

In 2023-24, the company reported a net cash outflow of ₹48.60 lakhs from operating activities, compared to an outflow of ₹34.27 lakhs in 2022-23. The net profit before tax was modest, at ₹6.41 lakhs in 2024, slightly higher than ₹1.86 lakhs in the prior year.

However, significant adjustments reduced the operating cash flow, including:

Depreciation and amortization of ₹9.11 lakhs in 2024, down from ₹11.15 lakhs in 2023.

Large non-operating income items, such as a dividend income of ₹56.01 lakhs (₹36.12 lakhs in 2023), which reduced operating cash flow, and interest income of ₹4.61 lakhs.

A net gain on the value of mutual funds of ₹2.88 lakhs in 2024 further reduced cash flow, along with other small adjustments such as the amount written back and profit on the sale of investments.

After working capital adjustments, which included a slight increase in trade and other receivables (₹3.66 lakhs) and a decrease in trade payables (₹3.19 lakhs), the company generated negative cash flow from operations.

Cash Flow from Investing Activities:

Investing activities showed a net inflow of ₹53.65 lakhs in 2023-24, a stark contrast to the net outflow of ₹229.54 lakhs in 2022-23. The main inflows came from dividend income of ₹56.01 lakhs and interest received of ₹4.61 lakhs. The company also realized ₹1 lakh from the sale of investments, though the purchase of investments was minimal at ₹0.02 lakhs.

In contrast, in 2022-23, there were significant outflows due to the buyback of equity shares amounting to ₹230.17 lakhs and the purchase of investments for ₹39.34 lakhs. This major reduction in outflows helped improve cash flow from investing activities in 2023-24.

Net Increase/Decrease in Cash and Cash Equivalents:

The company saw a net increase of ₹5.05 lakhs in cash and cash equivalents during 2023-24, compared to a decrease of ₹263.81 lakhs in the previous year. This was driven primarily by the positive cash flow from investing activities, despite continued negative cash flow from operations.

As a result, the company 's cash and cash equivalents at the end of 2023-24 stood at ₹47.74 lakhs, up from ₹42.69 lakhs at the beginning of the year. In contrast, in 2022-23, the company had started with a higher opening balance of ₹306.50 lakhs but ended with only ₹42.69 lakhs, due to significant outflows in that year.

Alirox Abrasives Annual Reports, Balance Sheet and Financials

Alirox Abrasives Limited (ALIROX) Return Comparision with Primex 40 Index

Alirox Abrasives Limited Balance Sheet (Rs in Lakhs)

Alirox Abrasives Limited Profit & Loss Statement (Rs in Lakhs)

Alirox Abrasives Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Alirox Abrasives Financials 2023-24

Alirox Abrasives Annual Report 2022-23

Alirox Abrasives Annual Report 2021-22

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