Ask Investment Managers Annual Reports, Balance Sheet and Financials

Ask Investment Managers Limited Balance Sheet (Rs in Lakhs)

Ask Investment Managers Limited Profit & Loss Statement (Rs in Lakhs)

Ask Investment Managers Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Profit Before Tax (PBT)

31st March 2024: ₹51,524.83 lakhs

31st March 2023: ₹43,969.98 lakhs

Explanation: The profit before tax (PBT) increased by ₹7,554.85 lakhs from ₹43,969.98 lakhs in FY 2023 to ₹51,524.83 lakhs in FY 2024, reflecting a growth in the company 's earnings before tax. This could be due to higher revenue, improved operational efficiency, or cost control measures.

Adjustments to Reconcile Profit (Loss)

Adjustments for Trade Receivables (Current):

2024: -₹1,472.32 lakhs

2023: ₹2,180.59 lakhs

Explanation: The decrease in trade receivables in FY 2024 suggests that the company collected cash from its customers or reduced outstanding receivables, compared to FY 2023 when an increase in receivables indicated slower collections or higher outstanding amounts.

Adjustments for Other Current Assets:

2024: ₹14,235.17 lakhs

2023: -₹25,395.01 lakhs

Explanation: The significant decrease in other current assets in FY 2024 (compared to an increase in FY 2023) suggests that the company was able to convert or realize non-cash assets (such as advances or prepaid expenses) into cash during FY 2024.

Changes in Trade Payables (Current):

2024: -₹2,089.15 lakhs

2023: ₹4,760.45 lakhs

Explanation: The decrease in trade payables in FY 2024 indicates the company paid off some of its outstanding liabilities to suppliers, compared to FY 2023 when there was an increase in payables, possibly due to delayed payments.

Changes in Other Current Liabilities:

2024: -₹665.48 lakhs

2023: ₹21,412.78 lakhs

Explanation: The reduction in other current liabilities in FY 2024 implies that the company settled or reduced its liabilities, whereas in FY 2023, the company saw an increase in such liabilities.

Adjustments for Depreciation and Amortisation:

2024: ₹1,028.04 lakhs

2023: ₹1,591.51 lakhs

Explanation: Depreciation and amortisation are non-cash charges. The lower depreciation in FY 2024 indicates fewer assets being depreciated or changes in depreciation methods compared to FY 2023.

Other Non-Cash Adjustments:

2024: -₹6,432.93 lakhs

2023: -₹2,053.35 lakhs

Explanation: The higher non-cash adjustments in FY 2024 suggest provisions or impairments that impacted the profit but not cash flows.

Net Cash Flows from Operating Activities

2024: ₹51,146.18 lakhs

2023: ₹37,995.19 lakhs

Explanation: Net cash from operating activities increased by ₹13,150.99 lakhs, which reflects improved cash generation from the company’s core business operations. This increase was largely due to the higher profit before tax and favorable changes in working capital items such as receivables and current assets.

Income Taxes Paid (Refund)

2024: ₹3,901.91 lakhs

2023: ₹5,930.85 lakhs

Explanation: The company paid ₹2,028.94 lakhs less in taxes in FY 2024 compared to FY 2023, possibly due to lower taxable income or adjustments related to tax credits, refunds, or lower tax rates.

Cash Flows from Investing Activities

Purchase of Property, Plant, and Equipment:

2024: ₹273.17 lakhs

2023: ₹413.41 lakhs

Explanation: The company spent ₹273.17 lakhs on acquiring property, plant, and equipment in FY 2024, which is lower than ₹413.41 lakhs in FY 2023. This may indicate a reduction in capital expenditure or fewer acquisitions in FY 2024.

Purchase of Intangible Assets:

2024: ₹135.68 lakhs

2023: ₹141.92 lakhs

Explanation: There was a slight decrease in the purchase of intangible assets in FY 2024, suggesting that the company invested slightly less in intangible resources such as software, patents, or goodwill compared to FY 2023.

Proceeds from Sales of Intangible Assets:

2024: ₹92.14 lakhs

2023: ₹13.85 lakhs

Explanation: In FY 2024, the company realized ₹92.14 lakhs from the sale of intangible assets, which is significantly higher than the ₹13.85 lakhs in FY 2023. This may indicate a sale of intellectual property or a reduction in intangible investments.

Other Inflows (Outflows) of Cash:

2024: -₹25,367.31 lakhs

2023: -₹25,943.99 lakhs

Explanation: The large outflows of ₹25,367.31 lakhs in FY 2024 and ₹25,943.99 lakhs in FY 2023 likely relate to investments or acquisitions, indicating the company 's continued investment activity despite the reduction in property, plant, and equipment purchases.

Net Cash Flows from (Used in) Investing Activities:

2024: -₹25,684.02 lakhs

2023: -₹26,405.47 lakhs

Explanation: The company used slightly less cash in investing activities in FY 2024 compared to FY 2023, which is typical when capital expenditure and investments reduce.

Cash Flows from Financing Activities

Proceeds from Issuing Shares:

2024: ₹535.94 lakhs

2023: ₹1,757.90 lakhs

Explanation: The company raised ₹535.94 lakhs in FY 2024 by issuing shares, which is lower than the ₹1,757.90 lakhs raised in FY 2023. This suggests a decrease in equity financing in FY 2024.

Payments of Lease Liabilities:

2024: ₹986.96 lakhs

2023: ₹880.01 lakhs

Explanation: The company made higher lease payments in FY 2024, reflecting a higher number of lease agreements or larger lease liabilities.

Dividends Paid:

2024: ₹19,245.49 lakhs

2023: ₹5,776.23 lakhs

Explanation: The dividend payout has increased significantly in FY 2024, indicating that the company distributed more profits to shareholders, possibly due to improved profitability and cash reserves.

Other Inflows (Outflows) of Cash:

2024: -₹3,672.52 lakhs

2023: ₹3,672.52 lakhs

Explanation: There was an outflow in FY 2024 under "Other financing activities" compared to an inflow in FY 2023, suggesting debt repayment or other financing settlements.

Net Cash Flows from (Used in) Financing Activities:

2024: -₹23,369.03 lakhs

2023: -₹1,225.82 lakhs

Explanation: The company used significantly more cash in financing activities in FY 2024, primarily due to the large dividend payout of ₹19,245.49 lakhs. This was a substantial outflow compared to the previous year.

Net Increase (Decrease) in Cash and Cash Equivalents

2024: ₹2,093.13 lakhs

2023: ₹10,363.90 lakhs

Explanation: The company experienced a much smaller increase in cash and cash equivalents in FY 2024 (₹2,093.13 lakhs) compared to FY 2023 (₹10,363.90 lakhs). This is primarily due to higher financing outflows, particularly from dividends paid.

Cash and Cash Equivalents at End of Period

2024: ₹14,315.68 lakhs

2023: ₹12,222.55 lakhs

Explanation: Despite the lower increase in cash, the company ended FY 2024 with a higher cash balance of ₹14,315.68 lakhs compared to ₹12,222.55 lakhs at the end of FY 2023. This indicates a strong liquidity position, even with significant dividend payouts.

Ask Investment Managers Limited Financial Ratio

Here is a summary of the Ratios for the years 2024 and 2023:

Current Ratio

2024: 3.05

2023: 3.42

Insight:
The current ratio measures a company 's ability to meet its short-term obligations with its short-term assets. A current ratio above 1 indicates the company can cover its current liabilities. In 2024, the ratio decreased slightly from 3.42 in 2023 to 3.05. While still healthy and well above 1, the decline may indicate that the company is utilizing its current assets more efficiently or it has slightly more short-term liabilities compared to the previous year. The ratio suggests the company has ample liquidity, but the reduction should be monitored in the future to ensure it doesn 't indicate weakening short-term financial health.

Return on Equity (ROE) Ratio

2024: 27.68%

2023: 27.76%

Insight:
ROE is a key measure of a company 's profitability relative to shareholder equity. A high ROE indicates that the company is effective at generating profit from its equity. In 2024, the ROE of 27.68% is almost the same as the previous year 's 27.76%, showing consistent profitability and efficient use of shareholders ' equity. Although there is a slight decrease, the change is marginal, and the company is still maintaining a very strong return on equity, which is an excellent sign for investors.

Trade Receivable Turnover Ratio

2024: 5.15

2023: 4.41

Insight:
The trade receivable turnover ratio measures how efficiently a company collects its accounts receivable. A higher ratio indicates better performance in converting receivables into cash. The increase from 4.41 in 2023 to 5.15 in 2024 suggests that the company has become more efficient at collecting payments from its customers. This improvement indicates a stronger cash flow position, which can help fund operations and reduce reliance on external financing.

Trade Payable Turnover Ratio

2024: 4.22

2023: 4.72

Insight:
The trade payable turnover ratio shows how quickly a company pays off its suppliers. A lower ratio can indicate slower payment cycles, while a higher ratio indicates prompt payments. In 2024, the ratio decreased from 4.72 to 4.22, suggesting the company is taking longer to pay its suppliers compared to the previous year. While this might be a strategy to improve working capital by extending payment terms, it could also indicate a higher reliance on trade credit or cash flow constraints. If the company is paying too slowly, it could strain supplier relationships and affect the company’s reputation.

Net Capital Turnover Ratio

2024: 1.04

2023: 0.91

Insight:
The net capital turnover ratio measures how effectively a company uses its capital (equity and debt) to generate revenue. A higher ratio indicates more efficient use of capital. The increase from 0.91 in 2023 to 1.04 in 2024 shows that the company has become more efficient in using its capital to generate sales. This could be a sign of better operational efficiency or stronger revenue growth with the same or slightly increased capital base. It indicates that the company is optimizing its capital structure and leveraging it well to drive business growth.

Net Profit Ratio

2024: 0.36 (or 36%)

2023: 0.35 (or 35%)

Insight:
The net profit ratio reflects the percentage of revenue that remains as profit after all expenses. A higher ratio signifies better profitability. The net profit ratio has improved from 35% in 2023 to 36% in 2024. This slight increase is positive, showing that the company was able to extract slightly more profit from its revenues despite challenges in the business environment or cost pressures. It indicates a solid ability to manage costs, maintain margins, and convert revenue into profit.

Return on Capital Employed (ROCE)

2024: 32.47%

2023: 31.36%

Insight:
ROCE measures the return generated from the capital employed in the business. A higher ROCE is generally better, as it indicates more efficient use of capital in generating profits. The increase from 31.36% in 2023 to 32.47% in 2024 indicates an improvement in the company 's ability to generate profits from its capital. This suggests better operational efficiency and a stronger ability to generate returns relative to its capital base, reflecting positively on the company’s financial performance.