Beetel Teletech Annual Report

Beetel Teletech Limited (Beetel Teletech) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Beetel Teletech Limited

Beetel Teletech Limited Balance Sheet (Rs in Millions)

Particulars	31-03-2024	31-03-2023
Non-current assets
Property, plant and equipment	12.46	14.52
Right to use assets	77.94	104.43
Intangible assets	17.34	17.30
Intangible assets under development	3.46	2.10
Investments	42.78	22.05
Other financial assets	92.21	78.21
Deferred tax assets (net)	173.76	153.23
Income tax assets (net)	66.35	6.73
Other non-current assets	222.88	243.43
Current assets
Inventories	692.60	678.83
Trade receivables	1,221.47	1,064.89
Cash and cash equivalents	141.50	67.15
Other bank balances	5.77	350.70
Other financial assets	34.08	6.48
Other current assets	430.57	532.55
Total Assets	3,235.17	3,342.60
Equity
Equity share capital	50.92	50.92
Other equity	-1,061.59	-1,060.52
Non-current liabilities
Borrowings	416.85	642.62
Lease liability	76.12	104.45
Provisions	50.83	53.71
Other non-current liabilities	164.91	201.74
Current liabilities
Borrowings	1,272.26	183.79
Trade Payables
total outstanding dues of micro enterprises and small enterprises	20.27	40.47
total outstanding dues of creditors other than micro enterprises and small	938.43	1,467.45
Lease liability	28.33	23.62
Other financial liabilities	876.74	1019.86
Provisions	45.91	46.87
Other current liabilities	354.29	561.51
Current tax liabilities	0.9	6.11
Total Equity and Liabilities	3,235.17	3,342.60

Beetel Teletech Limited Profit & Loss Statement (Rs in Millions)

Particulars	31-03-2024	31-03-2023
Revenue from operations	10138.83	15633.94
Other income	51.31	39.62
Total income	10,190.14	15,673.56
Expenses
Purchase of traded goods & services	9,010.60	14,272.20
Changes in inventories of stock-in-trade	8.92	138.49
Employee benefit expense	455.42	466.97
Finance cost	273.01	248.87
Depreciation and amortisation expense	46.78	40.09
Other expenses	434.57	364.64
Total expenses	10,229.30	15,531.26
Profit/(Loss) before share of profit/(loss) of associate & tax	-39.16	142.30
Share of profit/(Loss) of associate	19.02	-5.60
Profit/(Loss) before tax	-20.14	136.70
Current tax	0.89	59.60
Short/(excess) provision for tax related to prior years	7.78	-3.48
Deferred tax	-21.37	81.08
Profit/(Loss) for the year	-7.44	-0.50
Other comprehensive income
Items that will not be reclassified to profit and loss
Re-measurements of defined benefit plans	3.42	8.32
Income tax effect	-0.86	-2.09
Net effect	2.56	6.23
Exchange difference on translation	0.97	4.80
Share of profit/(loss) in OCI of joint venture	0.85	-3.91
Net other comprehensive Income/(loss) not to be reclassified to profit or loss	4.38	7.12
Total comprehensive income/(loss) for the year	-3.06	6.62
Loss for the year attributable to:
Owners of the company	-7.44	-0.50
Other comprehensive income/(loss) for the year attributable to
Owners of the company	4.38	7.12
Total comprehensive income/ (loss) for the year attributable to
Owners of the company	-3.06	6.62
Profit/(Loss) per equity share (face value of share Rs. 10 each)
Basic (in Rs.)	-1.46	-0.1
Diluted (in Rs.)	-1.46	-0.1

Beetel Teletech Limited Cash Flow Statement (Rs in Millions)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Profit/(Loss) for the year before tax	-20.14	136.7
Adjustments for :
Finance cost	273.01	248.87
Interest income	-40.98	-36.49
Share of profits/(loss) of associates	-19.02	5.6
Profit on disposal of property, plant and equipment	-0.43	-0.01
Unrealised exchange loss/(gain) (net)	-0.39	28.13
Depreciation and amortisation expense	46.78	40.09
Provision for doubtful debts	10.12	-23.62
Bad debts/amounts written off	0.02	0.05
Inventory written off	2.81	1.98
Liabilities/provisions no longer required written back	-4.20	-2
Allowances for obsolete/slow moving stock	-22.69	11.62
Allowances for doubtful advances	-7.22	15.02
Operating profit before working capital changes	217.67	425.94
Movements in working capital:
(Increase)/decrease in trade receivables	-166.63	1013.97
(Increase)/decrease in inventories	7.23	135.39
(Increase)/decrease in other financial assets	-36.02	23.24
(Increase)/decrease in other assets	130.23	35.12
Increase/(decrease) in trade payables	-545.02	-1551.4
Increase/(decrease) in provisions	-3.84	-21.88
Increase/(decrease) in other financial liabilities	-137.95	408.28
Increase/(decrease) in other liabilities	-240.63	-137.62
Cash generated from/(used in) operating activities	-774.96	331.04
Income taxes paid	-73.50	-13.52
Net cash flows from/(used in) operating activities	-848.46	317.52
Cash flows from investing activities
Proceeds from disposal of property, plant and equipment	0.50	0.29
Payments for purchase of property, plant and equipment	-5.03	-11.75
Payments for intangible assets	-15.04	-12.33
(Deposit)/Proceeds from deposits with Bank	344.93	58.03
Investment in associates	-	-88.20
Interest received	35.58	31.50
Net cash inflow from/(used) in investing activities	360.94	-22.46
Cash flow from financing activities
Proceeds/(repayment) of short term borrowings	1,196.46	-142.16
Repayment of non-current borrowings	-748.28	-100.36
Proceeds of non-current borrowings	414.52	-
Payment of principal portion of lease liabilitiy	-23.62	-19.53
Interest paid	-278.18	-240.11
Net cash flows from/(used in) financing activities	560.9	-502.16
Net increase/(decrease) in cash and cash equivalents during the year	73.38	-207.1
Impact of cash flow on account of foreign currency translation	0.97	4.8
Cash and cash equivalents at the beginning of the year	67.15	269.45
Cash and cash equivalents at the end of the year	141.5	67.15
Components of cash and cash equivalents
Balance with scheduled banks: In current accounts	141.5	67.15
Cash and cash equivalents at the end of the year	141.5	67.15

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

Cash Flow from Operating Activities:

The company reported a net loss before tax of ₹20.14 million in 2024, compared to a profit of ₹136.7 million in 2023. After various adjustments, including finance costs of ₹273.01 million and depreciation and amortization expenses of ₹46.78 million, the operating profit before working capital changes was ₹217.67 million.

However, changes in working capital, such as:

A significant decrease in trade payables (₹545.02 million),

A decrease in other liabilities (₹240.63 million),

and an increase in trade receivables (₹166.63 million), led to a net cash outflow from operating activities of ₹774.96 million. After taxes of ₹73.50 million, the net cash used in operating activities was ₹848.46 million, compared to a cash inflow of ₹317.52 million in 2023.

Cash Flow from Investing Activities:

Investing activities resulted in a net cash inflow of ₹360.94 million, compared to an outflow of ₹22.46 million in 2023. Key inflows included proceeds from deposits with the bank (₹344.93 million) and interest income (₹35.58 million), while outflows included payments for property and equipment (₹5.03 million) and intangible assets (₹15.04 million).

Cash Flow from Financing Activities:

Financing activities led to a net cash inflow of ₹560.9 million, compared to an outflow of ₹502.16 million in 2023. Major movements included:

Proceeds from short-term borrowings of ₹1,196.46 million,

A repayment of non-current borrowings of ₹748.28 million,

And interest paid of ₹278.18 million.

Net Change in Cash and Cash Equivalents:

The company experienced a net increase in cash and cash equivalents of ₹73.38 million in 2024, compared to a decrease of ₹207.1 million in 2023. After accounting for foreign currency translations, the closing cash balance stood at ₹141.5 million as of March 31, 2024.

Financial Ratios of Beetel Teletech Limited

Particulars	2024	2023
Current Ratio	0.69	0.77
Debt-Equity Ratio	-1.62	-1.33
Debt Service coverage ratio	0.96	0.87
Return on Equity ratio	0.25	-0.18
Inventory turnover ratio	13.24	18.88
Trade receivables turnover ratio	9.19	10.19
Trade Payable Turnover Ratio	7.3	6.14
Net Capital Turnover Ratio	-9	-21.16
Net Profit ratio	-2.70%	0.94%
Return on Capital Employed	9%	61%
Return on Investment	2.34%	2.69%

Here is a summary of the financial and operational metrics for Beetel Teletech Limited for the year 2024 and 2023:

Current Ratio:

2024: 0.69 | 2023: 0.77

The current ratio measures the company 's ability to cover its short-term liabilities with its short-term assets. A value below 1.0, such as 0.69, indicates potential liquidity issues, meaning the company may struggle to meet its short-term obligations.

Debt-Equity Ratio:

2024: -1.62 | 2023: -1.33

A negative debt-equity ratio suggests that the company’s equity is negative, meaning its liabilities exceed its assets. This indicates financial distress and could signal insolvency risks, as the company 's debt is high compared to its negative equity.

Debt Service Coverage Ratio (DSCR):

2024: 0.96 | 2023: 0.87

DSCR indicates the company’s ability to cover its debt obligations. A ratio close to 1.0 suggests the company is just about able to meet its debt payments. However, a slight improvement in 2024 suggests better debt management compared to 2023.

Return on Equity (ROE):

2024: 0.25 | 2023: -0.18

ROE measures profitability relative to shareholders ' equity. While the 2023 ratio was negative, indicating a loss, the positive ROE of 0.25 in 2024 suggests a small profit and improvement in shareholder returns.

Inventory Turnover Ratio:

2024: 13.24 | 2023: 18.88

This ratio measures how often inventory is sold and replaced. A decrease from 18.88 to 13.24 implies slower inventory turnover, which could indicate either slower sales or higher inventory levels.

Trade Receivables Turnover Ratio:

2024: 9.19 | 2023: 10.19

This ratio measures how efficiently the company collects receivables. A decline in 2024 suggests slightly slower collection of receivables compared to the previous year.

Trade Payable Turnover Ratio:

2024: 7.3 | 2023: 6.14

This ratio measures how quickly the company pays off its suppliers. An increase from 6.14 to 7.3 suggests that the company is paying its suppliers faster in 2024.

Net Capital Turnover Ratio:

2024: -9 | 2023: -21.16

The negative value here indicates that the company is not effectively using its capital to generate revenue. Although 2024 shows some improvement, the ratio is still highly negative, indicating inefficiency in capital usage.

Net Profit Margin:

2024: -2.70% | 2023: 0.94%

A negative net profit margin in 2024 suggests the company incurred a loss, whereas it had a small profit margin in 2023. This highlights worsening profitability.

Return on Capital Employed (ROCE):

2024: 9% | 2023: 61%

ROCE measures how efficiently the company uses its capital to generate profits. The sharp decline from 61% in 2023 to 9% in 2024 indicates a significant drop in profitability relative to the capital employed.

Return on Investment (ROI):

2024: 2.34% | 2023: 2.69%

ROI indicates the profitability of investments. The slight decrease in 2024 suggests that the company’s investments were less profitable than in the previous year.

Beetel Teletech Annual Reports, Balance Sheet and Financials

Beetel Teletech Limited (Beetel Teletech) Return Comparision with Primex 40 Index

Beetel Teletech Limited Balance Sheet (Rs in Millions)

Beetel Teletech Limited Cash Flow Statement (Rs in Millions)

Financial Ratios of Beetel Teletech Limited

Beetel Teletech Annual Report 2023-24

Beetel Teletech Annual Report 2021-22

Beetel Teletech Annual Report 2019-20

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