Anugraha Valve Annual Report, Balance Sheet & Financials

Anugraha Valve Casting Limited Balance Sheet (Rs in Lakhs)

Anugraha Valve Casting Limited Profit & Loss Statement (Rs in Lakhs)

Anugraha Valve Casting Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Operating Activities:

The company generated a net profit before tax of ₹2,828.23 lakhs, a notable increase from ₹287.02 lakhs in the previous year. This increase in profitability contributed to a higher operating profit before working capital changes, which surged to ₹4,120.88 lakhs from ₹1,402.23 lakhs.

Adjustments for non-cash items and changes in working capital reflect various impacts. Significant changes include an increase in inventories and trade receivables, which reduced cash flow. Specifically, inventories increased by ₹1,801.73 lakhs, and trade receivables decreased by ₹1,872.95 lakhs. The company experienced a decrease in trade payables by ₹110.69 lakhs, though there was a notable increase in provisions by ₹414.92 lakhs.

Despite these factors, the net cash flow from operating activities was negative at ₹-80.07 lakhs, an improvement from the previous year’s more substantial outflow of ₹-1,030.97 lakhs. The significant increase in current year tax payments (₹948.39 lakhs) and adjustments for prior years ' taxes (₹-138.39 lakhs) also influenced this outcome.

Investing Activities:

In investing activities, the company had a relatively modest net cash outflow of ₹-5.56 lakhs compared to ₹-1,825.13 lakhs the previous year. Key changes include:

Purchase of Property, Plant, and Equipment: Expenditure decreased to ₹662.83 lakhs from ₹1,759.61 lakhs, reflecting reduced capital investment.

Proceeds from Sale of Property, Plant, and Equipment: Increased to ₹305.30 lakhs from ₹82.92 lakhs.

Decrease in Long-Term Loans and Advances: There was a net increase of ₹452.86 lakhs, up from ₹50.15 lakhs the previous year.

These adjustments resulted in a reduced net outflow in investing activities.

Financing Activities:

The company’s financing activities generated a net inflow of ₹85.88 lakhs, reversing the significant inflow of ₹2,429.81 lakhs in the previous year. Key changes include:

Increase in Short-Term Bank Borrowings: ₹1,153.56 lakhs compared to ₹1,650.38 lakhs.

Decrease in Long-Term Bank Borrowings: ₹-634.46 lakhs compared to an increase of ₹1,003.35 lakhs previously.

Interest on Bank Borrowings: Increased to ₹433.22 lakhs from ₹223.92 lakhs

Financial Ratios of Anugraha Valve Casting Limited:

Here is a summary of the financial and operational metrics for Anugraha Valve Casting Limited for the year 2023:

The Current Ratio improved to 1.78 in 2024 from 1.67 in 2023, indicating a stronger ability to meet short-term liabilities with short-term assets. This increase suggests enhanced liquidity and a better position to cover short-term obligations.

The Debt-Equity Ratio decreased to 0.61 from 0.63, reflecting a slight reduction in leverage and an improvement in the company 's solvency. This decrease indicates that the company has reduced its reliance on debt relative to equity, which enhances financial stability.

The Debt Service Coverage Ratio rose significantly to 5.39 from 2.3, showing a substantial improvement in the company’s ability to service its debt obligations with its operating income. This high ratio suggests strong cash flow relative to debt repayments, providing more comfort regarding the company’s ability to manage its debt.

The Return on Equity (ROE) increased markedly to 9% from 1% in 2023, reflecting a significant improvement in the returns generated on shareholders ' equity. This increase indicates more effective use of equity capital to generate profits.

The Net Profit Ratio improved to 5% from 1%, showing a notable enhancement in the company 's ability to convert sales into actual profit. This positive trend aligns with the increased ROE, indicating overall improved profitability.

The Return on Capital Employed (ROCE) also increased to 13% from 2%, reflecting a more efficient use of capital to generate profits. This improvement signifies that the company is better utilizing its capital investments to achieve higher returns.

The Return on Assets (ROA) increased to 6% from 1%, indicating improved efficiency in using assets to generate profit. This rise is consistent with the overall improvement in profitability and efficient asset management.

The Inventory Turnover Ratio decreased slightly to 1.62 from 1.85, suggesting a slower rate of inventory turnover. This could imply either an increase in inventory levels or a slower sales pace, which may affect cash flow.

The Trade Receivables Turnover Ratio decreased to 3.89 from 4.01, indicating a slightly longer collection period for receivables. This could impact liquidity if it translates into slower cash inflows.

The Trade Payables Turnover Ratio improved to 4.96 from 6.03, reflecting a shorter payment period to suppliers. This may indicate better cash management or improved payment terms.

The Net Capital Turnover Ratio remained relatively stable at 4.65 compared to 4.67, showing consistent efficiency in generating sales from capital employed.