Bhairav Enterprises Annual Reports, Balance Sheet and Financials

Bhairav Enterprises Limited Balance Sheet (Rs in Hundreds)

Bhairav Enterprises Limited Profit & Loss Statement (Rs in Hundreds)

 Bhairav Enterprises Limited Consolidated Cash Flow Statement (Rs in Hundreds)

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

Cash Flow from Operating Activities:

Operating activities reflect the cash generated or consumed by the company’s core business operations.

Net Profits Before Tax and Extraordinary Items decreased from Rs. 4,975.17 hundred in 2023 to Rs. 2,791.16 hundred in 2024, indicating a decline in profitability before taxes.

After accounting for working capital changes, the company saw a significant cash outflow:

Trade Payables decreased by Rs. 42.95 hundred in 2024 compared to Rs. 782.26 hundred in 2023, meaning the company paid off more of its liabilities, leading to a cash outflow.

Inventories decreased by Rs. 454.20 hundred in 2024 and Rs. 1,306.10 hundred in 2023. While the reduction in inventories generates cash, it’s smaller than the previous year, signaling that fewer inventories were sold.

Other Current Assets increased significantly by Rs. 3,979.80 hundred in 2024 compared to Rs. 8,177.97 hundred in 2023. This increase represents a substantial use of cash, possibly due to higher receivables or prepaid expenses, which reduces the company’s available cash.

Other Current Liabilities increased by Rs. 184.25 hundred in 2024, compared to an increase of Rs. 627.05 hundred in 2023, indicating a slower pace of liabilities build-up, which reduces cash inflows.

As a result, cash generated from operations is negative at Rs. -1,501.54 hundred in 2024, which, though a smaller outflow than Rs. -4,664.11 hundred in 2023, still represents a cash drain from operations.

After deducting income tax paid of Rs. 696.12 hundred in 2024 (compared to a tax refund or benefit of Rs. 33.70 hundred in 2023), the net cash from operating activities results in a negative Rs. -2,197.66 hundred in 2024, compared to Rs. -4,630.40 hundred in 2023. Though the outflow has decreased, the company is still using more cash than it generates from its operations, which is concerning for long-term sustainability.

Cash Flow from Investing Activities:

Investing activities typically involve cash outflows to purchase assets or cash inflows from selling investments or receiving returns.

In both 2024 and 2023, the company experienced a net inflow from investing activities:

In 2024, loans given (possibly to related parties or for investments) were Rs. 2,204.25 hundred, compared to Rs. 4,862.75 hundred in 2023. This indicates that the company recovered a significant portion of its previous loans, leading to a cash inflow.

Net cash from investing activities was Rs. 2,204.25 hundred in 2024, slightly lower than Rs. 4,862.75 hundred in 2023, but still a positive contributor to the company 's overall cash position.

Net Increase/Decrease in Cash and Cash Equivalents:

Net increase in cash and cash equivalents for 2024 was a modest Rs. 6.60 hundred, compared to Rs. 232.33 hundred in 2023. The much smaller increase in 2024 reflects the continuing cash outflows from operations despite the positive cash inflow from investing activities.

The cash and cash equivalents at the beginning of the year stood at Rs. 1,226.60 hundred in 2024 (Rs. 994.27 hundred in 2023), and by the end of 2024, the balance increased marginally to Rs. 1,233.20 hundred.

Financial Ratios of Bhairav Enterprises Limited

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

Current Ratio (in times):

The current ratio measures the company 's ability to pay off its short-term liabilities with its short-term assets. A current ratio well above 1 typically indicates a very strong liquidity position. Here, the ratio has increased from 44.56 in 2023 to 52.34 in 2024, indicating that the company has an exceptionally high level of current assets relative to its current liabilities.

Debt-Equity Ratio (in times):

The debt-equity ratio measures the proportion of debt to shareholders’ equity, indicating the level of financial leverage. A lower ratio is generally preferable, as it suggests that the company relies less on debt to finance its operations. In 2024, the ratio decreased slightly from 0.59 in 2023 to 0.56, suggesting a minor reduction in leverage.

Return on Equity (ROE) Ratio (in %):

ROE measures the profitability relative to the shareholders ' equity. The ratio has remained flat at 0.02% for both years, indicating very minimal returns on the equity invested by shareholders.

Trade Payable Turnover Ratio (in times):

The trade payable turnover ratio measures how quickly a company pays off its suppliers (trade payables). A higher ratio indicates that the company is paying its suppliers faster.

Net Capital Turnover Ratio (in times):

The net capital turnover ratio measures how efficiently the company is using its working capital to generate revenue. In 2023, the ratio was 7.78, indicating that for every unit of net capital employed, the company generated 7.78 times that amount in revenue.

Return on Capital Employed (ROCE) Ratio (in %):

ROCE measures the profitability relative to the total capital employed (both equity and debt). The decrease from 0.03% in 2023 to 0.01% in 2024 suggests that the company 's ability to generate returns from its capital has declined.