BLSX Limited Annual Reports, Balance Sheet and Financials

BLSX Limited Standalone Balance Sheet (Rs in Thousands)

Particulars	31-03-2024	31-03-2023
Equity
Share capital	86,232.18	86,232.18
Reserves and Surplus	20,144.15	11,991.53
Current liabilities	1,06,376.33	98,223.71
Trade payables	10,018.29	2,178.80
Other current liabilities	17,388.85	1,847.62
Short term provisions	4,550.00	-
Total Equity and Liabilities	1,38,333.47	1,02,250.13
Non-Current Assets
Tangible assets	20,421.53	28,793.85
Intangible assets	7,762.00	7,762.00
Deferred tax assets	1,639.92	468.01
Current Assets
Inventories	66,102.73	40,704.42
Trade receivables	14,208.48	7,957.06
Cash and bank balances	23,898.72	16,006.00
Other Current assets	4,300.09	558.79
Total Assets	1,38,333.47	1,02,250.13

BLSX Limited Standalone Profit & Loss Statement (Rs in Thousands)

Particulars	31-03-2024	31-03-2023
Income
Revenue from Operations	89,734.94	27,611.24
Other Income	51.20	5.17
Total Income	89,786.14	27,616.41
Expenses
Purchase of stock in trade	55,163.95	15,515.84
Changes in Inventories	-25,398.31	-7.87
Employee benefit expenses	27,955.04	6,516.94
Finance costs	648.29	24.16
Depreciation expenses	8,491.11	7,650.28
Other Expenses	11,395.34	2,967.49
Total Expenses	78,255.42	32,666.84
Profit Before Tax	11,530.72	-5,050.43
Current tax	4,550.00	-
Deferred tax	-1,171.90	-468.42
Total Profit After tax	8,152.62	-4,582.42
Earnings per share
Basic	94.54	-0.05
Diluted	94.54	-0.05

BLSX Limited Standalone Cash Flow Statement (Rs in Thousands)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Profit Before extraordinary items and tax	11,530.72	-5,050.43
Adjustments for:
Depreciation and amortization expenses	8,491.12	7,650.00
Inventories	-25,398.31	-40,704.00
Trade receivables	-6,251.42	-7,957.00
Other current assets	-3,741.31	-559.00
Trade payables	7,839.47	2,179.00
Other current liabilities	15,541.24	1,848.00
Net cash flows from Operating Activities	8,011.51	-42,593.43
Cash Flow from Investing Activities
Purchase of tangible assets	-118.79	-36,444.00
Purchase of intangible assets	-	-7,762.00
Net cash flows from Investing Activities	-118.79	-44,206.00
Cash Flow from Financing Activities
Proceeds from issuing shares	-	1,02,806.00
Other inflows (outflows) of cash	-	-0.57
Net cash flows from Financing Activities	-	1,02,805.43
Net increase/(decrease) in cash and cash equivalents before effect of exchange rate changes	7,892.72	16,006.00
Net increase/(decrease) in cash and cash equivalents	7,892.72	16,006.00
Cash and cash equivalents cash flow statement at end of period	23,898.72	16,006.00

Summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities

The company reported a positive cash flow from operating activities of ₹8,011.51 thousand in FY 2023–24, showing a strong improvement compared to a negative cash flow of ₹42,593.43 thousand in FY 2022–23. This improvement was mainly due to the shift from a loss to a profit before tax of ₹11,530.72 thousand in FY 2024. In addition, non-cash expenses such as depreciation and amortisation were added back, supporting operating cash generation. Better management of working capital—especially reduction in inventories, trade receivables, and other current assets—helped release cash. At the same time, higher trade payables and other current liabilities provided additional cash inflows, resulting in overall positive operating cash flow.

Cash Flow from Investing Activities

Cash flow from investing activities remained low in FY 2023–24, with a marginal outflow of ₹118.79 thousand, mainly due to limited purchase of tangible assets. This indicates restrained capital expenditure during the year. In contrast, FY 2022–23 witnessed heavy investment activity, including purchases of both tangible and intangible assets, leading to a significant cash outflow of ₹44,206.00 thousand. The sharp decline in investing outflows in FY 2024 reflects a cautious investment strategy and a focus on conserving cash.

Cash Flow from Financing Activities

The company recorded no cash flow from financing activities in FY 2023–24, suggesting there were no major financing transactions such as equity issuance or borrowings during the year. In comparison, FY 2022–23 saw substantial inflows of ₹102,806.00 thousand from the issue of shares, which significantly strengthened the company’s cash position in that year. The absence of financing inflows in FY 2024 indicates reliance on internal cash generation rather than external funding.

Net Change in Cash and Cash Equivalents

Due to positive operating cash flow and minimal investing outflows, the company achieved a net increase in cash and cash equivalents of ₹7,892.72 thousand in FY 2023–24. Consequently, cash and cash equivalents at the end of the period rose to ₹23,898.72 thousand, compared to ₹16,006.00 thousand in the previous year.