Basant India Annual Reports, Balance Sheet and Financials

BASANT INDIA LIMITED Balance Sheet (In Real Figures)

BASANT INDIA LIMITED Profit & Loss Statement (In Real figures)

BASANT INDIA LIMITED Consolidated Cash Flow Statement (In Real Figures)

 In 2023, the company experienced significant changes in its cash flow from various activities compared to the previous year, 2022.

A. Cash Flow from Operating Activities (2023):

1. The profit before tax increased to 21,20,743 lakhs, a notable improvement compared to the previous year 's 16,21,347 lakhs.

2. Depreciation, including the amount transferred to Capital work-in-progress, increased to 11,09,579 lakhs from 5,15,015 lakhs in 2022.

3. The operating loss before working capital changes was 32,30,322 lakhs, up from 21,36,162 lakhs in the previous year.

4. The company experienced a significant decrease in Other Current Assets, amounting to (14,72,978) lakhs, compared to a significant increase of 1,69,912 lakhs in 2022.

5. There was a substantial decrease in Long Term Assets, amounting to (17,97,080) lakhs, contrasting with the substantial increase of 47,15,652 lakhs in 2022.

6. Provisions decreased by (1,36,489) lakhs, in contrast to a decrease of (8,71,201) lakhs in 2022.

7. Trade Payables decreased by (74,743) lakhs, compared to a decrease of (2,27,196) lakhs in 2022.

8. The company generated negative cash from operations amounting to (17,81,612) lakhs, in contrast to a positive cash flow of ₹46,49,305 lakhs in 2022.

9. Direct taxes paid (net of refunds) amounted to (1,18,709) lakhs, compared to 3,00,436 lakhs in 2022.

10. The net cash inflow (used in) from Operating activities was (1,78,280,595) lakhs, which was significantly lower than the positive cash flow of 46,79,742 lakhs in 2022.

B. Cash Flow from Investing Activities (2023):

1. The company received proceeds from the sale of Fixed Assets amounting to 8,83,415.7 lakhs.

2. The purchase of fixed assets, including capital work-in-progress and capital advances, resulted in a cash outflow of (1,82,021.2) lakhs.

3. The net cash inflow (used in) from Investing activities was (1,82,021.2) lakhs, which was significantly different from the positive cash flow of 88,34,157 lakhs in 2022.

C. Cash Flows from Financing Activities (2023):

1. Loans and Advances Given/Paid increased to 20,42,058.13 lakhs from 6,47,537.40 lakhs in 2022.

2. Loans Received/Recovered amounted to (2,80,941.93) lakhs, contrasting with (5,41,446.70) lakhs in 2022.

3. The net cash inflow (used in) from Financing activities was 1,76,111.62 lakhs, which was significantly different from the net outflow of (60,620.44) lakhs in 2022.

Below are the Financial Ratios

The financial data for 2023 provides insights into various key performance indicators for the company. 

1. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization):

   - The EBITDA margin for 2023 is notably high at 889.39%, indicating robust profitability before accounting for interest, taxes, and non-cash expenses.

2. Net worth:

   - The net worth of the company represents 8.11% of its total assets. This percentage measures the proportion of assets funded by shareholders ' equity.

3. Debt/Equity Ratio:

   - The company 's debt-to-equity ratio is 2.37, suggesting that it has more debt relative to equity. A ratio above 1 indicates higher leverage and potential financial risk.

4. Return on Equity (ROE):

   - The return on equity for 2023 is 3.59%, which reflects the company 's ability to generate profit from shareholders ' equity.

5. Total Assets:

   - The total assets of the company have grown by 42.83%, indicating an expansion in its asset base from the previous year.

6. Fixed Assets:

   - It 's noteworthy that the percentage change in fixed assets is 0.00%, suggesting no significant change in the company 's investments in long-term assets.

7. Current Assets:

   - The percentage change in current assets is -92.21%, which could indicate a significant reduction in short-term assets like cash, accounts receivable, and inventory.

8. Current Liabilities:

   - Current liabilities have decreased by -5.96%. This could mean that the company has reduced its short-term obligations.

9. Trade Receivables:

   - The percentage change in trade receivables is 0.00%, indicating no significant change in the amounts owed to the company by its customers.

10. Trade Payables:

    - Trade payables have decreased by -7.15%, which suggests a reduction in the amounts the company owes to its suppliers.

11. Current Ratio:

    - The current ratio is healthy at 3.51, indicating that the company has more than enough short-term assets to cover its short-term liabilities, providing a cushion against financial instability.