Badra Estates Annual Reports, Balance Sheet and Financials

Badra Estates And Industries Limited (Badra Estates) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Badra Estates And Industries Limited

Badra Estates & industries Limited Balance Sheet (Rs in Thousands)

Particulars	31-03-2024	31-03-2023
Shareholders Fund
Share Capital	3,515	3,515
Other Equity	2,11,237	1,53,806
Non-Current Liabilities
Long term borrowings	-	1,921
Current Liabilities
Short term borrowings	59,057	1,10,809
Trade payables	11,878	12,938
Other Financial Liabilities	6,961	7,078
Total Equity and Liabilities	2,92,648	2,90,067
Non-Current Assets
Property plant and equipment	1,04,678	1,00,451
Investment	12,306	12,313
Other financial assets	6,327	6,132
Current Assets
Inventories	1,40,586	1,49,735
Trade Receivable	2,789	3,549
Cash and cash equivalents	12,248	9,571
Short-term loans and advances	13,714	8,316
Total Aseets	2,92,648	2,90,067

Badra Estates & industries Limited Profit & Loss Statement (Rs in Thousands)

Particulars	31-03-2024	31-03-2023
Income
Revenue from operations	2,20,531	1,99,312
Other Income	5,190	6,645
Total Revenue	2,25,721	2,05,957
Expenses
Cost of Materials Consumed	15,825	11,584
Purchase of stock in trade	55,472	55,362
Changes in inventories of finished goods	10,656	-8,784
Employee Benefits Expenses	1,09,018	1,02,394
Other Expenses	40,421	39,980
Total Expenses	2,31,392	2,00,536
EBIT	-5,671	5,662
Depreciation and amortisation expenses	5,393	5,383
Finance costs	7,174	7,380
Loss Before Tax	-18,238	-7,342
Current Tax	2,600	-
Deferred Tax	-67	157
Profit / (Loss) for the period	-20,771	-7,499
Earnings per Equity Share (Face value of Rs. 10 each)
Basic & diluted	-0.05	-0.02

Badra Estates & industries Limited Cash Flow Statement (Rs in Thousands)

Particulars	31-03-2024	31-03-2023
Cash Flow from Opearting Activities
Profit / Loss as per Profit and loss account	-18,238	-7,342
Add: interest paid	7,174	7,380
Depreciation	5,393	5,383
Less:
Dividend received	-1,850	-1,599
Interest received	-703	-636
Sale of timber	-11,770	-6,498
Miscellaneous Receipts	-27	-526
Increase / decrease in Investment	78,209	-
Operating Profit Before Working Capital Charges	58,188	-3,838
Working capital changes;
Increase/(Decrease) in Trade payables	-1,059	4,809
Increase/(Decrease) in Inventories	9,150	-8,773
Increase/(Decrease) in Debtors	759	5,114
Increase/(Decrease) in short-term loans and advances	-5,398	324
Increase/(Decrease) in long term advances	-195	-307
Cash generation from operations	61,445	-2670
Excess/short provision	67	-157
Taxes paid	-2,600	-
Cash used for Operating Activates	58,912	-2827
Cash Flow from Investing Activities
Acquisition of fixed assets	-9,620	-14770
Interest received	703	636
Dividend received	1,850	1599
Sale of timber	11,770	6498
Miscellaneous Receipts	27	526
Cash used for Investing Activities	4,730	-5512
Cash Flow from Financing Activities
Repayment/ proceeds long-term borrowings	-1,921	-672
Repayment/ proceeds short-term borrowings	-51,753	12757
Repayment/ proceeds from other unsecured loans	-117	-86
Interest paid	-7,174	-7380
Net Cash Flow from Financing Activities	-60,965	4,619
Net Increase in Cash and Cash Equivalents
Cash & cash equivalent opening balance	2,677	-3,720
Cash & cash equivalent closing balance	9,571	13,291
Cash and cash equivalents (year-end)	12,248	9,571
Cash in hand	-2,677	3,720
Balance with Banks	106	87
Total	12,142	9,484

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

Operating Activities: The company reported a loss of Rs. 18,238 thousand as per the profit and loss account, a deeper loss compared to Rs. 7,342 thousand in 2023. However, adjustments for non-cash items and financing costs resulted in a positive operating profit before working capital changes of Rs. 58,188 thousand, reversing the negative figure of Rs. -3,838 thousand from the previous year. This improvement was driven by significant changes in investments, with an increase of Rs. 78,209 thousand. Working capital adjustments included a decrease in trade payables, an increase in inventories, and a rise in debtors, which collectively contributed to cash generation from operations of Rs. 61,445 thousand, contrasting with the negative cash flow of Rs. -2,670 thousand in 2023. After accounting for excess/short provision and taxes paid, the net cash used in operating activities amounted to Rs. 58,912 thousand, a considerable reduction from Rs. -2,827 thousand in the previous year.

Investing Activities: Cash flow from investing activities showed a positive net inflow of Rs. 4,730 thousand, a notable improvement from the negative cash flow of Rs. -5,512 thousand in 2023. This improvement was driven by cash inflows from the sale of timber (Rs. 11,770 thousand), and receipts from interest and dividends. However, this was partially offset by cash outflows for the acquisition of fixed assets amounting to Rs. 9,620 thousand. The positive net cash flow indicates a more balanced investment approach compared to the previous year.

Financing Activities: The company experienced a significant net cash outflow of Rs. 60,965 thousand in financing activities, compared to a net inflow of Rs. 4,619 thousand in 2023. This outflow was primarily due to repayments of short-term borrowings (Rs. 51,753 thousand) and long-term borrowings, as well as interest paid. This large outflow reflects a reduction in financing sources and higher repayment obligations.

Financial Ratios of Badra Estates & industries Limited

Particulars	2023-24	2022-23
Current Ratio	2.17	1.31
Debt Equity ratio	0.28	0.72
Debt service coverage ratio	-1.54	0.73
Return on equity ratio (%)	-0.11	-0.046
Inventory turnover ratio	1.52	1.44
Trade Payables Turnover ratio	5.75	6.36
Net capital turnover ratio	3.35	4.04
Net profit ratio (%)	-0.08	-0.0356
Return on capital employed	-0.67	0.000014

Here is a summary of the financial and operational metrics for Badra Estates & industries Limited for the year 2024 and 2023:

Current Ratio: The current ratio improved significantly from 1.31 in 2022-23 to 2.17 in 2023-24. This ratio measures the company’s ability to meet its short-term liabilities with its short-term assets. The increase suggests a stronger liquidity position, indicating that the company now has more than twice the amount of current assets compared to its current liabilities. This enhancement in liquidity improves the company’s short-term financial health and its ability to handle short-term obligations more comfortably.

Debt Equity Ratio: The debt equity ratio dropped substantially from 0.72 in 2022-23 to 0.28 in 2023-24. This ratio assesses the company’s financial leverage by comparing total debt to shareholders ' equity. A lower ratio indicates reduced financial leverage and lower reliance on debt financing. The significant decrease suggests that the company has either reduced its debt or increased its equity, leading to a more conservative and less risky financial structure.

Debt Service Coverage Ratio: The debt service coverage ratio declined from 0.73 in 2022-23 to -1.54 in 2023-24. This ratio measures the company’s ability to service its debt (interest and principal repayments) from its operating income. A negative ratio indicates that the company is unable to cover its debt obligations with its current operating income, which signifies severe liquidity issues or significant operating losses, impacting its ability to meet debt payments.

Return on Equity (ROE): The ROE worsened from -0.046 or -4.6% in 2022-23 to -0.11 or -11% in 2023-24. This ratio reflects the return generated on shareholders ' equity. A negative ROE indicates that the company is generating negative returns for its shareholders, suggesting poor profitability and ineffective use of equity capital. The deeper negative ROE underscores a deterioration in financial performance and increased losses relative to shareholders ' equity.

Inventory Turnover Ratio: The inventory turnover ratio increased slightly from 1.44 in 2022-23 to 1.52 in 2023-24. This ratio measures how efficiently the company manages its inventory by showing how many times inventory is sold and replaced over a period. The increase indicates improved inventory management and a higher rate of inventory turnover, which can lead to reduced holding costs and better cash flow management.

Trade Payables Turnover Ratio: The trade payables turnover ratio decreased from 6.36 in 2022-23 to 5.75 in 2023-24. This ratio assesses how quickly the company pays its suppliers. A lower ratio suggests that the company is taking longer to pay its trade payables, which might indicate improved cash flow management or, conversely, potential liquidity issues if the delay in payments is due to cash constraints.

Net Capital Turnover Ratio: The net capital turnover ratio decreased from 4.04 in 2022-23 to 3.35 in 2023-24. This ratio measures the efficiency with which the company uses its net capital to generate sales. The decline implies a decrease in the efficiency of generating sales from the capital invested, which could be due to lower sales or higher capital investment.

Net Profit Ratio: The net profit ratio decreased from -0.0356 or -3.56% in 2022-23 to -0.08 or -8% in 2023-24. This ratio indicates the percentage of revenue that translates into net profit. A negative net profit ratio reflects that the company is incurring losses and a deterioration in profitability. The deeper negative ratio highlights an increase in losses relative to sales.

Return on Capital Employed (ROCE): The ROCE shifted from a nearly zero value in 2022-23 to -0.67 or -67% in 2023-24. This ratio measures the efficiency of the company in using its capital to generate profits. A negative ROCE indicates that the company is experiencing significant losses and is unable to generate positive returns from its capital employed, signifying severe operational inefficiencies or high capital costs.