Bijni Dooars Tea Co Annual Reports, Balance Sheet and Financials

Bijni Dooars Tea Company Limited Balance Sheet (In Rs. hundred)

Bijni Dooars Tea Company Limited Profit & Loss Statement (In Rs. hundred)

Bijni Dooars Tea Company Limited Consolidated Cash Flow Statement (In Rs. hundred)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities:

In 2023, the net profit before tax increased to ₹3,91,938.49 from ₹2,93,537.88 in 2022. Adjustments such as depreciation, amortization expenses, and provision for bad debts were made.

The company received less interest and rent income in 2023 compared to 2022, but there was an increase in finance costs.

Operating profit before working capital changes increased significantly to ₹4,84,439.96 in 2023 from ₹3,16,689.75 in 2022.

The company had significant changes in working capital, including an increase in trade receivables, other current assets, and a decrease in inventories and trade payables.

Cash generated from operations surged to ₹4,29,603.35 in 2023 from ₹1,02,672.07 in 2022. The company paid less in direct taxes in 2023 compared to 2022, resulting in higher net cash from operating activities.

Cash Flow from Investing Activities:

The company made significant investments in property, plant & equipment, and capital work in progress in both 2022 and 2023, resulting in cash outflows.

There were proceeds from the sale of property, plant & equipment, as well as investments, but the company also made significant purchases of investments in both years.

The company received interest, rent, and dividend income from its investments, which contributed to cash inflows.

Overall, there was a net cash outflow from investing activities, with a higher outflow in 2022 compared to 2023.

Cash Flow from Financing Activities:

The company had proceeds from short-term borrowings in both years, but the amount was lower in 2023 compared to 2022.

Interest paid decreased in 2023 compared to 2022, contributing to higher net cash from financing activities.

There were no dividend payments made in 2023, whereas there was a significant dividend payment made in 2022.

Overall, there was a net cash inflow from financing activities, with a lower inflow in 2023 compared to 2022.

Net Increase in Cash & Cash Equivalents:

The net increase in cash and cash equivalents was ₹4,764.57 in 2023 compared to ₹57,702.25 in 2022.

Cash and cash equivalents at the end of the period were ₹54,730.58 in 2023 and ₹49,966.01 in 2022.

Financial Ratios of Bijni Dooars Tea Company Limited

Here is a summary of the financial and operational metrics for Bijni Dooars Tea Company Limited for the years 2023 and 2022:

Current Ratio:

The current ratio increased from 4.5 in 2022 to 5.15 in 2023. This indicates an improvement in the company 's short-term liquidity position, as it now has more current assets to cover its current liabilities. A higher current ratio suggests a stronger ability to meet short-term obligations.

Debt-Equity Ratio:

The debt-equity ratio remained stable at 0.03 in both 2022 and 2023. This indicates that the company has very low debt relative to its equity, which is a positive sign of financial stability.

Debt Service Coverage Ratio:

The debt service coverage ratio increased significantly from 13.17 in 2022 to 51.72 in 2023. This indicates that the company 's cash flow from operations is more than sufficient to cover its debt service obligations, which is a positive indicator of financial health.

Return on Equity (ROE) Ratio:

The return on equity ratio increased from 6.78% in 2022 to 7.41% in 2023. This suggests an improvement in the company 's ability to generate profit relative to its shareholders ' equity.

Inventory Turnover Ratio:

The inventory turnover ratio decreased from 6.72 in 2022 to 4.5 in 2023. This indicates that the company is selling its inventory at a slower rate in 2023 compared to 2022, which may suggest inventory management challenges or changes in sales patterns.

Trade Receivables Turnover Ratio:

The trade receivables turnover ratio increased significantly from 7.02 in 2022 to 12.42 in 2023. This suggests that the company is collecting its receivables more efficiently in 2023, which can improve cash flow and reduce the risk of bad debts.

Trade Payables Turnover Ratio:

The trade payables turnover ratio increased from 7.22 in 2022 to 8.73 in 2023. This indicates that the company is paying its suppliers at a faster rate in 2023 compared to 2022, which may indicate improved liquidity or negotiation power with suppliers.

Net Capital Turnover Ratio:

The net capital turnover ratio decreased from 1.06 in 2022 to 0.89 in 2023. This indicates a decrease in sales generated per unit of capital employed, which may suggest inefficiencies in capital utilization or changes in business operations.

Net Profit Ratio:

The net profit ratio increased from 7.92% in 2022 to 9.86% in 2023. This indicates an improvement in the company 's profitability relative to its total revenue.

Return on Capital Employed (ROCE) and Return on Investment (ROI):

Both ROCE and ROI increased from 2022 to 2023, indicating improved returns relative to the capital employed and the overall investment made in the company.

Dividend History

Bijni Dooars Tea Company Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2023 is not provided & for 2022 is rs. 5 per share Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2023 amounted to Rs. -5,17,560.28 hundred, while in 2022, they were Rs. -1,54,460.87 hundred. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance.