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×

Apollo Green Balance Sheet & Revenue

Apollo Green Energy Limited (Apollo Green) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40 51.08 (1.49%) 136.91 (4.09%) 319.72 (10.10%) 699.65 (25.11%) 1523.15 (77.61%) 981.46 (11.65%)
Apollo Green Energy Limited -10.00 (-2.86%) -60.00 (-15.00%) -90.00 (-20.93%)

Apollo Green Energy Limited Balance Sheet (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

Non-current assets

 

 

Property, plant and equipment

4,547

4,306

Right of use of asset

747

526

Investment Property

6,710

6,340

Goodwill

6

6

Other intangible assets

41

25

Financial assets

 

 

Investments

33,142

26,262

Other Financial assets

3,859

1,660

Other Non-current assets

-

622

Investment accounted using equity method

15,097

15,435

Deferred tax assets (net)

956

1,891

Current assets

 

 

Inventories

5,380

4,271.00

Financial assets

 

 

Trade receivables

39,615

20,872

Cash and cash equivalents

238

1,340

Bank Balances other than cash & cash equivalents

5,167

5,599

Other financial assets

11,206.00

10,440.00

Other current assets

21,617

20,688

Assets held for sale

-

-

Total assets

148,327

120,281

Equity and Liabilities

 

 

Equity share capital

1,900

1,900

Other equity

51,326

45,037

Total equity

53,226

46,937

Non-controlling interest

16

16

Liabilities

 

 

Non-current liabilities

 

 

Borrowings

27,325

19,865

Lease Liabilities

714

476

Other financial liabilities

603

619

Other non-current liabilities

-

2,086

Provisions

520

447

Deferred tax liabilities (Net)

-

927

Current liabilities

 

 

Borrowings

12,863

14,178

Lease Liabilities

77

83

Trade payables

 

 

Micro Small & Medium enterprises

1,509

354

Other than Micro Small & Medium enterprises

20,363

11,815

Other financial liabilities

2,904

1,191

Other current liabilities

26,549

20,168

Provisions

1,658

1,118

Total equity and liabilities

148,327

120,281

 Apollo Green Energy Limited Profit & Loss Statement (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

Revenue from operations

1,23,427

75,340.00

Other income

3,409

3,745

Total income

1,26,836

79,084.00

Expenses

 

 

Purchase of stock in trade

38,422.00

22,513.00

Cost of raw material consumed

8,170.00

9,549.00

Changes in inventories of stock in trade

-145

-267

Work bills, project supplies & expenses

58,517

30,494

Employee benefit expenses

5,043

5,657

Finance costs

5,717

2,716

Depreciation and amortization expenses

897

604

Other expenses

6,217.00

5,253.00

Total expenses

1,22,840

76,519

Share of net profit/(Loss) of associates and joint venture accounted for using equity method

121

652

Profit (Loss) before tax

4,117

3,217

Tax expenses

 

 

Current tax expense

-574

-691

MAT credit entitlement

824

-

Deferred tax charge / (credit) during the year

-508

-56

Total tax expense

-258

-747

Profit / (Loss) for the year

3,859

2,471

Other Comprehensive Income

 

 

Items that will not be reclassified to the Statement of Profit or Loss

 

 

Remeasurement gains/(losses) on post-employment defined benefit plans

55

35

Income tax relating to items that will not be reclassified to profit or loss

-323

-48

Fair Value gain on investments

3,075

379

Other comprehensive income for the year (net of taxes)

2,806

367

Items that will be reclassified to profit or loss

 

 

Foreign exchange translation reserve

-236

183

Total

-236

183

Total comprehensive income/(loss) for the year

6,429

3,021

Profit Attributable to

 

 

Equity holders of the company

3,859

2,470

Minority shareholders

0

-1

Total profit attributable to

3,859

2,471

Other comprehensive income attributable to

 

 

Equity holders of the company

2,806

367

Total other comprehensive income attributable to

2,806

367

Other comprehensive income attributable to

 

 

Equity holders of the company

-236

183

Minority shareholders

0

0

Total other comprehensive income attributable to

-236

183

Equity holders of the company

6,429

3,020

Minority shareholders

-1

-1

Total Other Comprehensive Income

6,429

3,019

Earnings per Share

 

 

Basic & Diluted

20

13

 Apollo Green Energy Limited Cash Flow Statement (Rs in Lakhs)

Particulars

31-03-2024

31-03-2023

Cash Flow from Operating Activities

 

 

Profit/Loss before tax

4,117

3,217

Adjustments for:

 

 

Depreciation and amortization expenses

897

604

Rental income

-122

-

Finance cost

5,631

2,669

Interest on lease liability

86

47

Interest income

-765

-160

Liabilities written back

-581

-

Gain on sale/disposal of fixed assets

-

-6

Profit on sale of stake

-1,134

-2,529

Loss on sale of fixed assets

30

-

Dividend income

-44

-32

Share of profit in Associate

-121

-652

Operating profit before working capital changes

7,994

3,159

Changes in working capital:

 

 

Trade receivables

-18,743

102

Inventories

-1,109

-580

Loans

-

36

Other financial assets - Current

-766

-5,428

Other financial assets - Non-Current

-2,199

-840

Other assets

-307

-6,194

Trade payables

9,703

54

Other financial liabilities - Current

1,713

-4,101

Provisions

80

-457

Other financial liabilities - Non-current

-17

-4,818

Other liabilities

4,295

7,514

Cash generated from/(used in) operations

645

-11,553

Income tax (paid)/refund (net)

775

3,609

Net cash flow from/(used in) operating activities (A)

1,419

-7,944

Cash Flow from Investing Activities

 

 

Payment for property, plant and equipment

-610

-38,756

Proceeds from stake sale

1,593

9,462

Asset held for sale

-

8,654

Right to use Asset (ROU)

-221

1,678

Rental income

122

107

Dividend income

44

32

Investment

-6,880

-10,319

Loans

-

1,157

Investment accounted for using equity method

459

-11,585

Interest received

765

160

Net cash flow from/(used in) investing activities (B)

-3,508

38,103

Cash Flow from Financing Activities

 

 

Proceeds/repayment from borrowings (net)

6,145

-27,658

Issue of preference share (Equity Component)

-

1,620

Payment towards lease liabilities

146

-1,720

Changes in Non-Controlling Interest

0

-

Capital reserve

-140

-157

Interest paid

-5,595

-2,542

Net cash used in financing activities (C)

555

-30,458

Net increase/(decrease) in cash and cash equivalents (A+B+C)

-1,534

-299

Cash and Cash Equivalents at Beginning of Year

6,939

7,238

Cash and Cash Equivalents at End of Year

5,405

6,939

Cash and Bank Balances at End of Year

 

 

Balances with banks - Current accounts

234

1,330

Cash on hand

4

9

Others

5,167

5,599

Total Cash and Bank Balances at End of Year

5,405

6,939

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

Cash Flow from Operating Activities:

The company generated an operating profit before working capital changes of ₹7,994 Lakhs in FY 2024 compared to ₹3,159 Lakhs in FY 2023.

Adjustments for depreciation, finance costs, and other non-cash items such as liabilities written back, profit on stake sale, and changes in provisions influenced this figure.

Working capital changes had a significant negative impact, with major reductions in trade receivables (₹18,743 Lakhs) and inventories (₹1,109 Lakhs). However, increases in trade payables (₹9,703 Lakhs) and other liabilities (₹4,295 Lakhs) offset some of this impact.

After accounting for income tax refunds, the net cash inflow from operating activities was ₹1,419 Lakhs in FY 2024, compared to a net outflow of ₹7,944 Lakhs in FY 2023.

Cash Flow from Investing Activities:

Payments for property, plant, and equipment amounted to ₹610 Lakhs, alongside investments of ₹6,880 Lakhs, reflecting significant capital expenditure and investment activities.

Proceeds from stake sales contributed ₹1,593 Lakhs, and income from rental and dividends provided additional cash inflows.

Net cash used in investing activities was ₹3,508 Lakhs in FY 2024, a sharp decline compared to a net inflow of ₹38,103 Lakhs in FY 2023, which had been boosted by asset sales and equity method adjustments.

Cash Flow from Financing Activities:

Borrowings provided a net cash inflow of ₹6,145 Lakhs in FY 2024, contrasting with the previous year 's repayment-driven net outflow of ₹27,658 Lakhs.

Interest payments amounted to ₹5,595 Lakhs, and payments towards lease liabilities added ₹146 Lakhs in outflows.

The net cash inflow from financing activities in FY 2024 was ₹555 Lakhs, reversing a net outflow of ₹30,458 Lakhs in FY 2023.

Net Increase/Decrease in Cash and Cash Equivalents:

Combining all activities, there was a net decrease of ₹1,534 Lakhs in cash and cash equivalents in FY 2024 compared to a decrease of ₹299 Lakhs in FY 2023.

Cash and Cash Equivalents:

The year ended with cash and bank balances of ₹5,405 Lakhs, down from ₹6,939 Lakhs at the start of the year.

Of this, ₹234 Lakhs was in current accounts, ₹4 Lakhs in cash on hand, and ₹5,167 Lakhs categorized under other bank balances.

Financial Ratios of Apollo Green Energy Limited

Particulars

2024

2023

Current Ratio

1.34

1.39

Debt – Equity Ratio

0.9

0.77

Debt Service Coverage Ratio

1.02

1.43

Return on Equity Ratio

8.85%

10.73%

Inventory Turnover ratio

131

96

Trade receivables turnover ratio

3.1

2.76

Trade payables turnover ratio

6.01

5.91

Net capital turnover ratio

5.8

3.95

Net Profit Ratio

2.59%

4.67%

Return on capital employed

13.59%

12.01%

Here is a summary of the financial and operational metrics for Apollo Green Energy Limited for the years 2024 and 2023:

Current Ratio (1.34):
The current ratio decreased slightly from 1.39 in 2023, indicating a minor reduction in short-term liquidity. While the ratio still exceeds 1, implying sufficient current assets to cover current liabilities, the decline suggests a closer balance between these element.

Debt-Equity Ratio (0.9):
The debt-equity ratio increased from 0.77 in 2023, showing a rise in the company’s reliance on debt to finance its operations. While a ratio below 1 is generally acceptable, the increase highlights higher financial leverage, which could increase risk in case of adverse financial conditions.

Debt Service Coverage Ratio (1.02):
The DSCR dropped significantly from 1.43 to 1.02, indicating that the company 's ability to cover debt obligations from operating earnings has weakened. A ratio close to 1 suggests that the company is just meeting its debt service requirements, leaving little margin for financial flexibility.

Return on Equity (ROE) (8.85%):
ROE fell from 10.73% in 2023 to 8.85% in 2024, reflecting reduced profitability for shareholders. This could be due to lower net profit margins or higher equity levels diluting returns. The decline signals the need to evaluate profitability drivers and operational efficiency.

Inventory Turnover Ratio (131):
A significant improvement from 96 in 2023 to 131 in 2024 indicates better inventory management and faster turnover. This implies efficient sales and reduced holding periods for inventory, which can enhance working capital efficiency.

Trade Receivables Turnover Ratio (3.12):
The increase from 2.76 in 2023 to 3.12 in 2024 suggests improved credit collection practices or shorter credit terms, leading to faster cash realization from customers.

Trade Payables Turnover Ratio (6.01):
The ratio remained relatively stable, with a slight increase from 5.91 in 2023 to 6.01 in 2024. This indicates consistency in how quickly the company pays its suppliers, maintaining healthy vendor relationships.

Net Capital Turnover Ratio (5.8):
The significant rise from 3.95 in 2023 to 5.8 in 2024 highlights improved efficiency in utilizing net working capital to generate revenue. This points to better operational management.

Net Profit Ratio (2.59%):
The drop from 4.67% in 2023 to 2.59% in 2024 signals reduced profitability per unit of revenue. This decline could be driven by higher costs, increased financial expenses, or reduced pricing power.

Return on Capital Employed (ROCE) (13.59%):
ROCE increased from 12.01% in 2023 to 13.59% in 2024, showing better overall efficiency in utilizing capital to generate returns. This suggests operational improvements, despite reduced profitability margins.

Dividend History

Particulars

2024

2023

Dividend Per Share (in rs.)

-

-

Retained Earnings (Rs. In Lakhs)

16,022.00

13,456.00

Apollo Green Energy 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 16,022 Lakhs, while in 2023, they were Rs. 13,456 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

 

 

Apollo Green Annual Report

Apollo Green Financials 2023-24

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Apollo Green Financials 2022-23

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