Ashapura Intimates Annual Reports, Balance Sheet and Financials

Ashapura Intimates Fashion Limited Balance Sheet (Rs. In Lakhs)

Ashapura Intimates Fashion Limited Profit & Loss Statement (Rs. In Lakhs)

Ashapura Intimates Fashion Limited Consolidated Cash Flow Statement (Rs. In Lakhs)

Here is a summary of the Cash Flow Statement for the years 2018 and 2017:

Cash Flow from Operating Activities:

Net Profit before Tax: The net profit before tax increased from 3,119.61 in 2017 to 7,770.40 in 2018, indicating improved profitability.

Adjustments to Reconcile Profit before Tax: No specific adjustments were mentioned in the statement for either year.

Depreciation & Amortization Expense: Depreciation and amortization expense decreased slightly from 350.10 in 2017 to 306.81 in 2018.

Finance Charges: Finance charges increased from 1,473.51 in 2017 to 1,837.68 in 2018.

Interest Received: The interest received remained relatively stable at -42.83 in 2018 and -43.99 in 2017.

Provision for CSR (Net): There was no provision for CSR in 2018, whereas there was a provision of 18.12 in 2017.

(Profit)/Loss on Sale of Property, Plant, and Equipment (Net): There was a slight increase in profit from the sale of property, plant, and equipment, from 1.00 in 2017 to 1.32 in 2018.

Operating Profit before Working Capital Changes: The operating profit before working capital changes increased significantly from 4,918.35 in 2017 to 9,873.39 in 2018.

Changes in Working Capital: There were decreases in trade and other receivables, inventories, and trade and other payables in both years, indicating improved management of working capital.

Cash Generated from Operations: Cash generated from operations increased significantly from -2,856.62 in 2017 to 4,177.24 in 2018.

Direct Taxes Paid (Net): The amount of direct taxes paid increased from 339.72 in 2017 to 1,431.47 in 2018.

Overall Cash Flow from Operating Activities: The net cash generated from operating activities improved significantly from -2,516.90 in 2017 to 5,608.71 in 2018, indicating improved cash flow from the company 's core operations.

Cash Flow from Investing Activities:

Purchase and Sale of Property, Plant, and Equipment: The company made purchases of property, plant, and equipment in both years, but the amounts decreased from -213.56 in 2017 to -71.63 in 2018. There were slight proceeds from the sale of property, plant, and equipment in both years.

Interest Received: Interest received remained relatively stable.

Overall Cash Flow from Investing Activities: The net cash flow used in investing activities decreased slightly from -152.92 in 2017 to -26.45 in 2018.

Cash Flow from Financing Activities:

Proceeds from Issue of Shares/Share Application Money: The company generated proceeds from the issue of shares or share application money in 2018, amounting to 1,488.75.

Proceeds/(Repayment) from Long-term Borrowings: There was a significant change in long-term borrowings, with a net repayment of 4,316.97 in 2018 compared to a net borrowing of 1,674.21 in 2017.

Proceeds/(Repayment) from Short-term Borrowings: There was a net repayment of short-term borrowings in 2018, amounting to -111.93, compared to a net borrowing of 1,300.93 in 2017.

Dividend Paid (including Corporate Dividend Tax): Dividend paid was 126.06 in 2017, but there was no dividend paid in 2018.

Finance Charges Paid: Finance charges paid increased from -1,473.51 in 2017 to -1,837.68 in 2018.

Overall Cash Flow from Financing Activities: The net cash flow from financing activities decreased significantly from 1,501.63 in 2017 to -4,903.89 in 2018.

Net Increase/Decrease in Cash and Cash Equivalent:

The net increase/decrease in cash and cash equivalents improved from -1,168.19 in 2017 to 678.37 in 2018.

Cash and Cash Equivalents at the Beginning and End of the Year:

The cash and cash equivalents at the beginning and end of the year changed from 189.17 at the beginning and 867.54 at the end in 2018, compared to 1,357.36 at the beginning and 189.17 at the end in 2017.

Financial Ratios of Ashapura Intimates Fashion Limited:

Here is a summary of the financial and operational metrics for Ashapura Intimates Fashion Limited for the years 2018 and 2017:

Current Ratio:

The current ratio decreased slightly from 2.52 in 2017 to 2.46 in 2018. Despite the slight decrease, the company still maintains a healthy current ratio above 1, indicating its ability to meet short-term obligations with its current assets.

Debt to Equity Ratio:

The debt-to-equity ratio decreased significantly from 0.75 in 2017 to 0.3 in 2018. This indicates a considerable improvement in the company 's financial leverage and risk exposure. A lower debt to equity ratio suggests that the company relies less on debt financing and is less leveraged, which can enhance its financial stability.

Inventory Turnover Ratio:

The inventory turnover ratio increased from 3.33 in 2017 to 3.62 in 2018. This signifies that the company 's efficiency in managing its inventory improved, as it was able to sell its inventory more frequently within the year.

Net Profit Ratio (%):

The net profit ratio significantly increased from 6.84% in 2017 to 18.10% in 2018. This substantial improvement indicates enhanced profitability and efficient cost management during the year.

Return on Equity (%):

The return on equity increased from 14.40% in 2017 to 27.94% in 2018. This suggests that the company generated higher returns for its shareholders in 2018, indicating improved profitability and effective utilization of shareholders ' equity.

Return on Capital Employed (%):

The return on capital employed also showed a significant increase from 23.70% in 2017 to 42.28% in 2018. This indicates that the company was able to generate higher returns on the capital invested in its operations, reflecting improved operational efficiency and profitability.

Dividend History:

Ashapura Intimates Fashion Limited Recent Financial Performance:

Dividend per Share: The specific dividend per share figure for 2018 is Rs. 0.50 per Share & for 2017 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 2018 amounted to Rs.11,690.52 lakhs, while in 2017, they were Rs. 5,597.12 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