Bharat Ekansh Annual Reports, Balance Sheet and Financials

Bharat Ekansh Limited Balance Sheet (In Lakhs)

Bharat Ekansh Limited Profit & Loss Statement (In Lakhs)

Bharat Ekansh Limited Consolidated Cash Flow Statement (In Lakhs)

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

A. Cash Flow from Operating Activities:

In 2023, the company reported a net profit before tax and exceptional items of ₹343.67 lakhs, a notable increase from the previous year 's ₹292.86 lakhs. This was largely attributed to an operating profit of ₹349.93 lakhs before accounting for working capital changes. Several adjustments affected the cash flow, including a substantial increase in provisions by ₹121.07 lakhs and a significant increase in trade payables by ₹3,572.61 lakhs, which contributed to a decrease in cash flow. On the positive side, there was a decrease in other non-financial liabilities by ₹21.27 lakhs and an increase in non-current financial assets by ₹50.27 lakhs. However, there was a substantial increase in trade receivables by ₹5,313.12 lakhs and a decrease in other current assets by ₹3,751.41 lakhs, resulting in a net cash flow from operating activities of ₹2,366.54 lakhs after accounting for direct taxes paid of -₹144.35 lakhs.

B. Cash Flow from Investing Activities:

In 2023, the company reported a net cash outflow of -₹2.45 lakhs in investing activities, which was a substantial decrease from the previous year 's ₹47,758.23 lakhs. The decrease can be attributed to the purchase of property, plant, and equipment amounting to -₹19.40 lakhs, which was offset by the sale of property, plant, and equipment, amounting to ₹16.95 lakhs. This represents a significant shift in investment strategy compared to the previous year.

C. Cash Flow from Financing Activities:

The net change in cash and cash equivalents during 2023 was ₹2,364.09 lakhs, indicating a positive trend, in contrast to a decrease of -₹376.36 lakhs in 2022. The company began the year with cash and cash equivalents of ₹1,246.43 lakhs, and by the end of the year, it had increased to ₹3,610.53 lakhs, representing a net increase of ₹2,364.10 lakhs. This suggests that the company improved its financing activities during 2023, resulting in a healthier cash position.

Below, are the Financial Ratios

Here is a summary of the financial and operational metrics for Bharat Ekansh Limited

Financial Performance in 2023:

In 2023, the company 's financial performance is characterized by several key metrics that provide insights into its operations and solvency.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): The EBITDA for 2023 stands at a healthy 1,429.55%, indicating robust earnings before accounting for interest, taxes, and non-cash expenses.

Net Worth: The company 's net worth as a percentage of total assets is relatively low at 0.32%, suggesting that a significant portion of the company 's assets is financed by other sources.

Debt/Equity Ratio: The debt-to-equity ratio is 0, indicating that the company has no debt, which is a positive sign as it implies lower financial risk and interest expenses.

Return on Equity (ROE): The return on equity is 0.32%, reflecting the company 's ability to generate a modest return for its equity shareholders based on its net worth.

Asset Structure:

-Total Assets: Total assets constitute 0.71% of the company 's financial structure, reflecting a relatively modest asset base.

-Fixed Assets: A substantial decline of -99.94% in fixed assets suggests a reduction in long-term, tangible assets, which may be indicative of asset disposal or depreciation.

- Current Assets: The significant increase of 307.65% in current assets points to a substantial increase in the company 's liquidity and short-term assets.

Working Capital and Trade Relations:

-Current Liabilities: Current liabilities have surged by 377.63%, indicating an increase in the company 's short-term obligations. This might be attributed to higher trade payables and other current liabilities.

-Trade Receivables: Trade receivables have increased by 49.62%, suggesting that the company 's credit sales have grown, but it could potentially impact liquidity if not managed effectively.

-Trade Payables: Trade payables have also risen by 67.09%, which could signify an extension of credit terms to suppliers or an increase in the company 's purchasing activity.

Current Ratio:

The current ratio is an exceptionally high 121.61, indicating the company 's robust ability to cover its short-term obligations with its current assets. However, such an exceptionally high current ratio might suggest inefficiencies in asset management, and a closer analysis of the company 's working capital management is warranted.