Anand I-Power Annual Reports, Balance Sheet and Financials

Anand I-Power Limited Balance Sheet (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment	5,812	6,095
Right-of-use assets	24	24
Capital work-in-progress	57	-
Other intangible assets	23	23
Investment	189	165
Loans	23	22
Income tax assets (net)	382	367
Other non-current assets	544	537
CURRENT ASSETS
Inventories	2,439	2,273
Trade receivables	3,657	2,899
Cash and cash equivalents	134	380
Bank balances other than above	4	4
Loans	6	5
Other financial assets	27	26
Other current assets	266	223
Assets classified as held for sale	-	1
Total assets	13,587	13,044
EQUITY AND LIABILITIES
Equity
Equity share capital	333	333
Other equity
Reserves and surplus	494	478
Equity component of financial instrument	428	428
Liabilities
Non-current liabilities
Borrowings	1,959	2,594
Provisions	348	315
Current liabilities
Borrowings	600	1928
Trade payables
total outstanding dues of micro and small enterprises	117	71
total outstanding dues other than above	2,875	2,759
Lease liabilities	-	2
Other financial liabilities	5,840	3,625
Other current liabilities	495	408
Provisions	98	103
Total equity and liabilities	13,587	13,044

Anand I-Power Limited Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Revenue from operations	17,984	14,477
Other income	76	77
Total income	18,060	14,554
Cost of materials consumed	7,805	6,422
Changes in inventories of finished goods, work-in-progress and stock-in-trade	-185	-226
Employee benefit expense	2,694	2,505
Finance costs	438	533
Depreciation and amortisation expense	492	480
Other expenses	6,790	5,738
Total expenses	18,034	15,452
Profit /(Loss) for the year	26	-898
Other comprehensive income / (expenses)
Items that will not be reclassified to profit or (loss)
Re-measurement of post-employment benefit obligations	-11	19
Other comprehensive income/(expenses) for the year, net of tax	-11	19
Total comprehensive income/ (loss) for the year	15	-879
Earning Per Equity Share
Basic and diluted	0.05	-2.64

Anand I-Power Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Cash flow from operating activities
Profit / (Loss) before income tax	26	-898
Adjustments for:
Depreciation and amortisation expense	492	480
Provision for doubtful receivables	-	38
Gain on disposal of property, plant and equipment	-22	-14
Interest income	-3	-3
Finance costs	438	533
Net exchange differences	-12	-7
Working capital adjustments
(Increase) / Decrease in inventories	-166	-268
(Increase) / Decrease in trade receivables	-745	-1,032
(Increase) / Decrease in loans	-2	5
(Increase) / Decrease in other financial assets	-1	-13
(Increase) / Decrease in other current assets	-43	-64
(Increase) / Decrease in other non-current assets	0	-16
Increase / (decrease) in trade payables	154	671
Increase / (decrease) in other financial liabilities	2,241	1,582
Increase / (decrease) in provisions	18	22
Increase / (decrease) in current liabilities	87	48
Cash generated from operations	2,463	1,064
Income taxes paid (net of refunds received)	-16	-19
Net cash inflow from operating activities	2,447	1,045
Cash flows from investing activities
Investment in equity shares	-24	3
Payments for property, plant and equipment	-308	-651
Proceeds from sale of property, plant and equipment	33	34
Interest received	3	3
Net cash outflow from investing activities	-296	-611
Cash flows from financing activities
Proceeds from borrowings	-2,021	380
Principal elements of lease payments	-3	-3
Interest paid	-373	-479
Net cash inflow (outflow) from financing activities	-2,397	-102
Net increase (decrease) in cash and cash equivalents	-246	332
Cash and cash equivalents at the beginning of the financial year	384	52
Cash and cash equivalents at the end of the year	138	384

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

Cash Flow from Operating Activities

Profit / (Loss) Before Income Tax

31-03-2024: 26 / 31-03-2023: -898 The company moved from a loss before tax in 2023 to a profit before tax in 2024, indicating improved profitability.

Adjustments for Non-Cash Items and Other Items

Depreciation and Amortization Expense

31-03-2024: 492 / 31-03-2023: 480 Slight increase in depreciation and amortization expenses in 2024 compared to 2023.

Provision for Doubtful Receivables

31-03-2024: - / 31-03-2023: 38 There was a provision for doubtful receivables in 2023 but none in 2024.

Gain on Disposal of Property, Plant, and Equipment

31-03-2024: -22 / 31-03-2023: -14 Gains from the sale of property, plant, and equipment were higher in 2024.

Interest Income

31-03-2024: -3 / 31-03-2023: -3 Interest income remained constant.

Finance Costs

31-03-2024: 438 / 31-03-2023: 533 Finance costs decreased in 2024 compared to 2023.

Net Exchange Differences

31-03-2024: -12 / 31-03-2023: -7 Net exchange differences were slightly higher in 2023.

Working Capital Adjustments

These adjustments reflect changes in current assets and liabilities affecting cash flow.

(Increase) / Decrease in Inventories

31-03-2024: -166 / 31-03-2023: -268 Inventory levels decreased less in 2024 compared to 2023.

(Increase) / Decrease in Trade Receivables

31-03-2024: -745 / 31-03-2023: -1,032 Decrease in trade receivables was less pronounced in 2024.

(Increase) / Decrease in Loans

31-03-2024: -2 / 31-03-2023: 5 A small increase in loans in 2024 compared to a decrease in 2023.

(Increase) / Decrease in Other Financial Assets

31-03-2024: -1 / 31-03-2023: -13 Other financial assets showed a smaller decrease in 2024.

(Increase) / Decrease in Other Current Assets

31-03-2024: -43 / 31-03-2023: -64 Other current assets decreased less in 2024.

(Increase) / Decrease in Other Non-Current Assets

31-03-2024: 0 / 31-03-2023: -16 Other non-current assets were stable in 2024 compared to a decrease in 2023.

Increase / (Decrease) in Trade Payables

31-03-2024: 154 / 31-03-2023: 671 Increase in trade payables was less in 2024 compared to 2023.

Increase / (Decrease) in Other Financial Liabilities

31-03-2024: 2,241 / 31-03-2023: 1,582 Significant increases in other financial liabilities in 2024.

Increase / (Decrease) in Provisions

31-03-2024: 18 / 31-03-2023: 22 Provisions increased slightly in both years.

Increase / (Decrease) in Current Liabilities

31-03-2024: 87 / 31-03-2023: 48 Current liabilities increased more in 2024.

Cash Generated from Operations

31-03-2024: 2,463 / 31-03-2023: 1,064 Cash generated from operations was significantly higher in 2024.

Income Taxes Paid (Net of Refunds Received)

31-03-2024: -16 / 31-03-2023: -19 Income taxes paid were slightly lower in 2024.

Net Cash Inflow from Operating Activities

31-03-2024: 2,447 / 31-03-2023: 1,045 Net cash inflow from operating activities was significantly higher in 2024.

Cash Flows from Investing Activities

Investment in Equity Shares

31-03-2024: -24 / 31-03-2023: 3 Investments in equity shares were negative in 2024 and positive in 2023.

Payments for Property, Plant, and Equipment

31-03-2024: -308 / 31-03-2023: -651 Lower payments for property, plant, and equipment in 2024 compared to 2023.

Proceeds from Sale of Property, Plant, and Equipment

31-03-2024: 33 / 31-03-2023: 34 Proceeds from sales were nearly constant.

Interest Received

31-03-2024: 3 / 31-03-2023: 3 Interest received remained constant.

Net Cash Outflow from Investing Activities

31-03-2024: -296 / 31-03-2023: -611 Net cash outflow from investing activities was lower in 2024.

Cash Flows from Financing Activities

Proceeds from Borrowings

31-03-2024: -2,021 / 31-03-2023: 380 Negative proceeds from borrowings in 2024 compared to positive in 2023.

Principal Elements of Lease Payments

31-03-2024: -3 / 31-03-2023: -3 Lease payments remained constant.

Interest Paid

31-03-2024: -373 / 31-03-2023: -479 Interest paid was lower in 2024.

Net Cash Inflow / (Outflow) from Financing Activities

31-03-2024: -2,397 / 31-03-2023: -102 Significant net cash outflow from financing activities in 2024 compared to 2023.

Net Increase / (Decrease) in Cash and Cash Equivalents

Net Increase / (Decrease) in Cash and Cash Equivalents

31-03-2024: -246 / 31-03-2023: 332 Net decrease in 2024 compared to a net increase in 2023.

Cash and Cash Equivalents at the Beginning of the Financial Year

31-03-2024: 384 / 31-03-2023: 52 Higher beginning balance in 2024.

Cash and Cash Equivalents at the End of the Year

31-03-2024: 138 / 31-03-2023: 384 Lower ending balance in 2024 compared to 2023, indicating a decrease in cash reserves.

Financial Ratios of Anand I-Power Limited

Particulars	2024	2023
Current Ratio	0.65	0.65
Debt-Equity Ratio	0.9	1.98
Debt Service Coverage Ratio,	1.58	0.06
Return on Equity Ratio	0.80%	-45.40%
Inventory turnover ratio	7.32	6.28
Trade Receivables turnover ratio	4.88	4.92
Trade payables turnover ratio	3.36	2.86
Net capital turnover ratio	7.43	4.7
Net profit ratio	0.08%	-6.16%
Return on Capital employed	12.71%	-8.33%
Return on investment	0.75%	-45.40%

Here is a summary of the financial and operational metrics for Anand I-Power Limited for the year 2024 & 2023:

Current Ratio

2024: 0.65

2023: 0.65

Insight: The current ratio remains unchanged at 0.65, indicating that the company continues to have less than one dollar in current assets for every dollar of current liabilities. This suggests potential liquidity issues and a need to improve the company 's ability to meet short-term obligations.

Debt-Equity Ratio

2024: 0.9

2023: 1.98

Insight: The debt-equity ratio has improved significantly from 1.98 in 2023 to 0.9 in 2024. This reduction in leverage indicates that the company has either reduced its debt or increased its equity base, leading to a more balanced capital structure and potentially reduced financial risk.

Debt Service Coverage Ratio

2024: 1.58

2023: 0.06

Insight: The debt service coverage ratio (DSCR) has improved drastically from 0.06 in 2023 to 1.58 in 2024. A DSCR above 1 indicates that the company generates sufficient earnings to cover its debt obligations, suggesting a much-improved ability to service debt.

Return on Equity Ratio

2024: 0.80%

2023: -45.40%

Insight: The return on equity (ROE) has turned positive at 0.80% in 2024 compared to a significant negative return of -45.40% in 2023. This positive shift indicates that the company has started to generate profits relative to shareholders ' equity, reflecting improved operational efficiency and profitability.

Inventory Turnover Ratio

2024: 7.32

2023: 6.28

Insight: The inventory turnover ratio has increased from 6.28 to 7.32, suggesting that the company is selling and replacing its inventory more frequently. This indicates efficient inventory management and potentially higher sales.

Trade Receivables Turnover Ratio

2024: 4.88

2023: 4.92

Insight: The trade receivables turnover ratio has slightly decreased from 4.92 to 4.88. This small change suggests stability in the company’s ability to collect receivables, though there might be a slight delay in collections compared to the previous year.

Trade Payables Turnover Ratio

2024: 3.36

2023: 2.86

Insight: The trade payables turnover ratio has increased from 2.86 to 3.36, indicating that the company is paying its suppliers faster. This may reflect improved cash flow management or better credit terms with suppliers.

Net Capital Turnover Ratio

2024: 7.43

2023: 4.7

Insight: The net capital turnover ratio has increased from 4.7 to 7.43, suggesting that the company is generating more revenue per unit of capital employed. This indicates improved efficiency in using its capital base to drive sales.

Net Profit Ratio

2024: 0.08%

2023: -6.16%

Insight: The net profit ratio has improved from -6.16% in 2023 to 0.08% in 2024. The positive net profit margin indicates that the company has moved from a loss-making position to generating a small profit relative to its sales.

Return on Capital Employed

2024: 12.71%

2023: -8.33%

Insight: The return on capital employed (ROCE) has turned positive at 12.71% in 2024, a significant improvement from -8.33% in 2023. This suggests that the company is generating positive returns from its capital investments, indicating improved profitability and efficiency.

Return on Investment

2024: 0.75%

2023: -45.40%

Insight: The return on investment (ROI) has improved to 0.75% from a deeply negative -45.40% in 2023. This positive ROI indicates that the company is now generating returns on its investments, reflecting better financial health and investment efficiency.

Dividend History

Particulars	2024	2023
Dividend Per Share	-	-
Retained Earnings (Rs. In Lakhs)	-2,399	-2,416

Anand I-Power Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2024 and 2023 is not provided, Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2024 amounted to Rs. -2,399 Lakhs, while in 2023, they were Rs. -2,416 Lakhs. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance.