Allied Photographics Annual Reports 2023-24 | Balance Sheet | Financials

Allied Photographics India Limited (Allied Photographics) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
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Allied Photographics India Limited

Allied Photographics India Limited Balance Sheet (Rs in Lakhs)

Particulars	2023-24	2022-23
Equity
Share Capital	72.00	72.00
Reserve and Surplus	4,991.96	4,422.70
Non Current Liabilities
Deferred tax liabilities (net)	54.01	56.43
Other long term liabilities	19.62	19.11
Current Liabilities
Short term Borrowings	985.77	65.95
Trade Payable
Due to micro & small enterprises	5.59	12.16
Due to others	52.26	51.52
Other current liabilities	7.62	6.68
Short term Provisions	259.38	342.44
Total Equity and Liabilities	6,448.21	5,048.99
Non-Current Assets
Property, Plant and Equipment	222.15	235.11
Non current Investments	99.05	2,395.14
Long term loans and advances	1,673.67	653.68
Other non-current assets	54.20	51.16
Current Assets
Inventories	179.79	182.27
Trade Receivable	368.60	405.12
Cash And Cash Equivalents	3,338.84	521.25
Short term Loans and Advances	511.91	605.26
Total Assets	6,448.21	5,048.99

Allied Photographics India Limited Profit & Loss Statement (Rs in Lakhs)

Particulars	2023-24	2022-23
Income
Revenue from Operation	253.97	2,595.04
Other operating income	6.62	10.03
Other Income	776.67	238.71
Total Revenue	1,037.26	2,843.78
Expenses
Purchase of stock in trade	174.17	2,460.97
Changes in inventories of finished goods, WIP and stock in trade	2.47	48.39
Employee benefit expenses	62.66	55.07
Financial cost	22.96	8.54
Depreciation and amortization expenses	13.36	13.78
Other Expenses	92.03	139.24
Total Expenses	367.65	2,725.99
Profit Before Tax	669.60	117.78
Current Tax	105.00	40.00
Deferred tax	-2.42	-2.78
Profit for the period	567.02	80.56
Earnings per Equity Share:
Basic	787.53	111.9

Allied Photographics India Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	2023-24	2022-23
Cash Flow from Operating Activities
Net Profit before Tax & exceptional items	669.60	117.78
Adjustment for:
Depreciation and amortization	13.36	13.78
Finance cost	22.96	8.54
Provisions for income tax current year	-105.00	-
Profit on sale of assets	-	-6.45
Loss on sale of shares	0.35	30.27
Loss on sale of Assets	-	0.11
Adjustment of Excess & Short Provision of Income Tax	-6.23	-
Adjustment for leave encashment written back	8.46	-
Operating Profit before Working Capital Changes	603.50	164.04
Changes in Working Capital:
Inventories	2.47	48.39
Trade receivables	36.52	427.42
Short term loans and advances	93.35	2,444.85
Long term loans and advances	-1,019.99	-37.94
Other Non Current Assets	-3.04	-
Trade Payables	-5.82	-971.47
Other Current Liabilities	0.94	-4.41
Other Long-Term Liabilities	0.50	-1.10
Short-Term Provisions	-83.06	-30.71
Cash generated from Operations	-374.63	2,039.07
Net Income Tax (Paid) / Refunds	-	-43.52
Net Cash From Operating Activates	-374.63	1,995.56
Cash Flow from Investing Activities
Capital expenditure on fixed assets, including capital advances	-0.40	-1.71
Loss on sale of Shares	-0.35	-30.27
Amount invested in Non Current Investment (Net)	2,296.10	-1,967.46
Net Cash From Investing Activities	2,295.35	-1,999.44
Cash Flow from Financing Activities
Net Proceeds from Long-Term & Short Term borrowings	919.83	4.21
Repayment of Long-Term & Short Term borrowings	-	-124.69
Finance cost	-22.96	-8.54
Net Cash From Financing Activities	896.87	-129.02
Net Increase /(Decrease) In cash & Cash Equivalents	2,817.58	-132.91
Cash & Cash equivalents at the beginning of the Year	521.25	654.16
Cash & Cash equivalents at the end of the Year	3,338.84	521.25

Here is a summary of the Cash Flow Statement for the years 2023-24 and 2022-23:

Cash Flow from Operating Activities

In 2023-24, the net profit before tax and exceptional items amounted to ₹669.60 lakhs, significantly higher than ₹117.78 lakhs in 2022-23. The operating cash flow was adjusted for depreciation (₹13.36 lakhs) and finance costs (₹22.96 lakhs). Other key adjustments included a loss on the sale of shares (₹0.35 lakhs), and adjustments for leave encashment and tax provisions.

The operating profit before working capital changes increased to ₹603.50 lakhs in 2023-24 from ₹164.04 lakhs in 2022-23, indicating improved operational performance.

Changes in working capital significantly impacted cash flows:

Inventories remained stable with only a slight decrease of ₹2.47 lakhs.

Trade receivables saw a notable decrease, generating ₹36.52 lakhs in cash.

Short-term loans and advances decreased by ₹93.35 lakhs, a positive inflow.

However, long-term loans and advances increased by ₹1,019.99 lakhs, leading to a cash outflow.

Trade payables decreased by ₹5.82 lakhs, further straining cash flows.

The company ended with a cash outflow from operations of ₹-374.63 lakhs in 2023-24, a significant decline compared to the inflow of ₹2,039.07 lakhs in 2022-23. No taxes were paid in 2023-24, compared to ₹43.52 lakhs paid in the previous year. This resulted in a net cash outflow from operating activities of ₹-374.63 lakhs, compared to an inflow of ₹1,995.56 lakhs in 2022-23.

Cash Flow from Investing Activities

Investing activities produced a net cash inflow of ₹2,295.35 lakhs in 2023-24, compared to a net outflow of ₹-1,999.44 lakhs in 2022-23. The key drivers included:

A substantial inflow from non-current investments of ₹2,296.10 lakhs.

Minor outflows for capital expenditure (₹-0.40 lakhs) and loss on the sale of shares (₹-0.35 lakhs).

This significant improvement in cash inflows from investing activities greatly improved the company’s liquidity.

Cash Flow from Financing Activities

Financing activities resulted in a net cash inflow of ₹896.87 lakhs in 2023-24, compared to a net outflow of ₹-129.02 lakhs in 2022-23. This was primarily due to:

Proceeds from long-term and short-term borrowings of ₹919.83 lakhs.

Finance costs of ₹-22.96 lakhs remained manageable.

This positive inflow helped boost the company’s cash position.

Net Increase/(Decrease) in Cash & Cash Equivalents

Overall, the company saw a net increase in cash and cash equivalents of ₹2,817.58 lakhs in 2023-24, a substantial improvement compared to the net decrease of ₹-132.91 lakhs in 2022-23. This increase was driven mainly by cash inflows from investing and financing activities.

The company began the year with ₹521.25 lakhs in cash and cash equivalents and ended with ₹3,338.84 lakhs, reflecting a significant improvement in liquidity.

Financial Ratios of Allied Photographics And Produce Home Finance Limited

Particulars	2024	2023
Current ratio	3.36	3.58
Debt equity ratio	0.27	0.12
Return on equity	11.97	0.02
Inventory turnover ratio	1.4	12.57
Net profit ratio	223.26	0.03
Trade receivables turnover ratio	0.65	4.19
Trade payables turover ratio	4.17	4.72
Net capital turover ratio	0.05	0.97
Return on capital employed	11.97	0.02
Return on Investment	11.97	0.03

Here is a summary of the financial and operational metrics for Allied Photographics India Limited for the year 2024 & 2023:

Current Ratio

The current ratio measures the company’s ability to cover its short-term liabilities with its current assets. The ratio slightly decreased from 3.58 in 2023 to 3.36 in 2024, indicating a small reduction in liquidity. However, a current ratio above 1 still reflects a strong ability to meet short-term obligations, though the company has become slightly less liquid compared to the previous year.

Debt-Equity Ratio

The debt-equity ratio reflects the proportion of debt relative to shareholders ' equity. The ratio increased from 0.12 in 2023 to 0.27 in 2024, indicating that the company has taken on more debt relative to its equity base. While the leverage is still moderate, the increase suggests that the company is relying more on debt to finance its operations, which could introduce higher financial risk if not managed carefully.

Return on Equity (ROE)

ROE measures the profitability relative to shareholders ' equity. The ratio jumped significantly from 0.02% in 2023 to 11.97% in 2024, signaling a strong improvement in the company’s profitability. This indicates that the company has become much more efficient in generating returns for its shareholders, likely due to higher profits during the year.

Inventory Turnover Ratio

This ratio shows how efficiently the company sells and replaces its inventory. The ratio dropped dramatically from 12.57 in 2023 to 1.4 in 2024, suggesting a sharp slowdown in inventory turnover. This could indicate lower sales, excess stock, or inefficiencies in managing inventory, which may tie up more capital in unsold goods.

Net Profit Ratio

The net profit ratio measures how much of the company’s revenue is converted into profit. The ratio skyrocketed from 0.03% in 2023 to 223.26% in 2024, reflecting an extraordinary increase in profitability. This significant jump suggests that the company either achieved exceptionally high margins or realized non-recurring gains that drastically improved its net profit.

Trade Receivables Turnover Ratio

This ratio measures how efficiently the company collects payments from its customers. The ratio dropped from 4.19 in 2023 to 0.65 in 2024, indicating a significant slowdown in receivables collection. This suggests that the company may be facing challenges in collecting payments on time, which could negatively impact cash flow.

Trade Payables Turnover Ratio

The trade payables turnover ratio shows how quickly the company pays its suppliers. The ratio decreased slightly from 4.72 in 2023 to 4.17 in 2024, suggesting that the company is taking a bit longer to settle its payables. While this slowdown is not drastic, it may indicate slightly tighter liquidity conditions or a deliberate strategy to delay payments and conserve cash.

Net Capital Turnover Ratio

The net capital turnover ratio measures how effectively the company uses its working capital to generate revenue. The ratio fell sharply from 0.97 in 2023 to 0.05 in 2024, indicating a significant decline in efficiency. This suggests that the company is generating much less revenue per unit of working capital, which may be a result of lower sales or increased working capital requirements.

Return on Capital Employed (ROCE)

ROCE measures how efficiently the company uses its capital to generate profit. The ratio increased significantly from 0.02% in 2023 to 11.97% in 2024, reflecting improved profitability and better utilization of capital resources. This indicates that the company’s operations have become much more efficient at generating returns on invested capital.

Return on Investment (ROI)

ROI shows the return generated from the company’s investments. Like ROE and ROCE, the ROI improved significantly from 0.03% in 2023 to 11.97% in 2024, indicating that the company is now generating much higher returns from its investments compared to the previous year.