Camac Commercial Annual Report

Camac Commercial Company Limited (Camac Commercial) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Camac Commercial Company Limited

Camac Commercial Company Limited Balance Sheet (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Assets
Cash and cash equivalents	4.74	628.27
Bank balances other than above	310.25	82.04
Investments	374624.08	380767.45
Other financials assets	37.44	54.91
Non-financial assets
Current tax assets (net)	25.09	10.78
Deferred tax assets (net)	3.06	1.96
Property, plant and equipment’s	0.12	0.35
Other non-financial assets	314.93	2.54
Total assets	375319.71	381548.3
Liabilities and equity
Liabilities
Total outstanding dues of creditor other than micro and small enterprises	1.45	4.9
Non-financial liabilities
Provisions	11.97	7.39
Deferred tax liabilities	47657.16	43631.59
Other non-financial liabilites	3.39	3
Equity
Equity share capital	88.28	88.28
Other equity	327557.46	337813.14
Total equity and liabilities	375319.71	381548.3

Camac Commercial Company Limited Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Income
Interest income	142.13	143.06
Net gain on fair value change	153.98	200.35
Others	0.21	-
Total income	296.32	343.41
Expenses
Employee benefits expenses	43.22	29.42
Finance cost	1.66
Depreciation and amortization expense	0.23	0.42
Other expenses	158.32	172.92
Total expenses	203.43	202.76
Profit/ loss before exceptional items and tax	92.89	140.65
Exceptional items (expense)		470.10
Profit/ loss before share of profit/ loss of the associates	92.89	-329.45
Share in profit / loss of associates(net)	-1020.51	-140.43
Profit/ loss before tax	-927.62	-469.88
Tax expense:
Deferred tax charge/ (-)credit	-0.59	-0.20
Total tax expenses	-0.59	-0.20
Profit/ loss after tax for the year	-927.03	-469.68
Profit for the year attributable to :
Owners of the company	-927.03	-469.68
Non-controlling interest
Other comprehensive income	-889.85	15830.98
Items that will not be reclassified to profit or loss	-4032.58	-460.62
fair value changes in equity instruments through OCI	28.80
Less: income tax (deferred tax) effect on above
Profit on sale of equity instruments through OCI	-1.99	-0.45
Less: income tax (deferred tax) effect on above	0.50	0.12
Remeasurement of the defined benefit plans	-4415.78	13765.70
Less: income tax (deferred tax) effect on above	-9310.90	29135.73
Share in OCI of associates that will not be reclassified to profit or loss
Items that will be reclassified to profit or loss	105.80	114.44
Fair value changes in debt instruments through OCI	-153.98	-200.35
Less: Reclassified to profit or loss from OCI on sale	7.01	21.93
Less: income tax (deferred tax) effect on above	19.81	-83.37
Share in OCI of associates that will not be reclassified to profit or loss	-21.36	-147.35
Total other comprehensive income, net of tax	-9332.26	28988.38
Other comprehensive income for the year attributable to:
Owner of the company	-9332.26	28988.38
Total comprehensive income for the year	-10259.29	28518.70
Total comprehensive income for the year attributable to:
Owners of the company	-10259.29	28518.70
Non-controlling interest	-
Earnings per equity share (EPS)
(Face value of Rs.10/- each)
Basic EPS (in Rs.)	-105.01	-53.20
Diluted EPS (in Rs.)	-105.01	-53.20

Camac Commercial Company Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Cash flow from operating activities
Profit/ loss before share of profit / loss of the associates	92.89	-329.45
Adjustment for:
Gain/ loss on sale of investment in debt mutual funds	-153.98	-200.35
Interest on investments in bonds, debentures & deposit	-115.95	-139
Premium (net of discount) on bonds amortised	-0.34	0.34
interest on fixed deposits with bank	-25.84	-4.4
Interest expenses on loan (short term)	1.66
Non cash item:
Provision for leave encashment and gratuity	2.59	1.13
Depreciation	0.23	0.42
Operating profit before working capital changes	-198.74	-671.31
Adjustments for changes in working capital:
Increase / decrease in other non-financial assets	-312.39	-2.05
Increase/ decrease in other payables	3.45	3.77
Increase/ decrease in other non-financial liabilities	0.39	-3.02
Cash generated from / used in operations	-514.19	-672.61
Less: income tax paid (net of refund)	-14.32	-5.13
Net cash from/ used in operating activities	-528.51	-677.74
Cash flow from investing activities
Purchase (net of sale) of property, plant and equipment	-	-0.71
Interest received (with TDS) on deposits and bonds	159.26	265.77
Investments in bonds and deposits (includes accrued intt.)	-	-298.98
Proceeds from maturity of investments in bonds & deposits	1000	660
Proceeds on maturity of fixed deposits from bank	82.04	78.49
Fixed deposits made with bank	-310.25	-82.04
Investments in equity and debt mutual funds	-1283	-2073
Investments in equity shares	920.03	-
Proceeds from sale of equity shares (net of expenses)	66.16	-
Proceeds from sale/ redemption of debt mutual funds	1112.46	2752.78
Net cash from/ used in investing activities	-93.36	1302.31
Cash flow from Financing activities
Receipt of short-term loan	319	-
Repayment of short-term loan	-319	-
Interest (with TDS) paid on short term loan	-1.66	-
Net cash from/ used in financing activities	-1.66	-
Net increase/ decrease in cash and cash equivalents	-623.53	624.57
Cash and cash equivalents at the beginning of the year	628.27	3.7
Total cash and cash equivalents at the end of the year	4.74	628.27

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

Cash Flows from Operating Activities

Profit/Loss Before Share of Profit/Loss of Associates

31-03-2024: 92.89 / 31-03-2023: -329.45 A profit before associates ' share in 2024 compared to a loss in 2023.

Adjustments for Non-Cash and Other Items

These adjustments reconcile net income to the cash generated or used in operations, accounting for items that affect reported profits but not cash.

Gain/Loss on Sale of Investment in Debt Mutual Funds

31-03-2024: -153.98 / 31-03-2023: -200.35 Gain subtracted from net income.

Interest on Investments in Bonds, Debentures & Deposit

31-03-2024: -115.95 / 31-03-2023: -139 Interest income subtracted.

Premium (Net of Discount) on Bonds Amortised

31-03-2024: -0.34 / 31-03-2023: 0.34 Premium amortisation adjusted.

Interest on Fixed Deposits with Bank

31-03-2024: -25.84 / 31-03-2023: -4.4 Interest income subtracted.

Interest Expenses on Loan (Short Term)

31-03-2024: 1.66 / 31-03-2023: - Interest expense added back.

Non-Cash Items

Non-cash expenses added back to net income.

Provision for Leave Encashment and Gratuity

31-03-2024: 2.59 / 31-03-2023: 1.13 Non-cash provision added back.

Depreciation

31-03-2024: 0.23 / 31-03-2023: 0.42 Non-cash depreciation added back.

Operating Profit Before Working Capital Changes

31-03-2024: -198.74 / 31-03-2023: -671.31 Adjusted operating profit before changes in working capital.

Changes in Working Capital

Changes in working capital reflect the movement in current assets and liabilities affecting cash flow.

Increase/Decrease in Other Non-Financial Assets

31-03-2024: -312.39 / 31-03-2023: -2.05 Increase in non-financial assets reduces cash flow.

Increase/Decrease in Other Payables

31-03-2024: 3.45 / 31-03-2023: 3.77 Increase in payables improves cash flow.

Increase/Decrease in Other Non-Financial Liabilities

31-03-2024: 0.39 / 31-03-2023: -3.02 Increase in non-financial liabilities improves cash flow.

Cash Generated from/Used in Operations

31-03-2024: -514.19 / 31-03-2023: -672.61 Net cash used in operations in both years, slightly less in 2024.

Income Tax Paid (Net of Refund)

31-03-2024: -14.32 / 31-03-2023: -5.13 Tax paid reduces cash flow.

Net Cash from/Used in Operating Activities

31-03-2024: -528.51 / 31-03-2023: -677.74 Net cash outflow from operating activities in both years, slightly lower in 2024.

Cash Flows from Investing Activities

Purchase (Net of Sale) of Property, Plant and Equipment

31-03-2024: - / 31-03-2023: -0.71 Small cash outflow for property, plant, and equipment in 2023.

Interest Received (with TDS) on Deposits and Bonds

31-03-2024: 159.26 / 31-03-2023: 265.77 Interest income received, higher in 2023.

Investments in Bonds and Deposits (Includes Accrued Interest)

31-03-2024: - / 31-03-2023: -298.98 Cash outflow for investments in bonds and deposits in 2023.

Proceeds from Maturity of Investments in Bonds & Deposits

31-03-2024: 1000 / 31-03-2023: 660 Cash inflow from maturity of investments, higher in 2024.

Proceeds from Maturity of Fixed Deposits from Bank

31-03-2024: 82.04 / 31-03-2023: 78.49 Cash inflow from matured fixed deposits.

Fixed Deposits Made with Bank

31-03-2024: -310.25 / 31-03-2023: -82.04 Cash outflow for new fixed deposits, higher in 2024.

Investments in Equity and Debt Mutual Funds

31-03-2024: -1283 / 31-03-2023: -2073 Cash outflow for investments, higher in 2023.

Investments in Equity Shares

31-03-2024: 920.03 / 31-03-2023: - Cash inflow from investments in equity shares in 2024.

Proceeds from Sale of Equity Shares (Net of Expenses)

31-03-2024: 66.16 / 31-03-2023: - Cash inflow from the sale of equity shares in 2024.

Proceeds from Sale/Redemption of Debt Mutual Funds

31-03-2024: 1112.46 / 31-03-2023: 2752.78 Cash inflow from redemption of mutual funds, higher in 2023.

Net Cash from/Used in Investing Activities

31-03-2024: -93.36 / 31-03-2023: 1302.31 Net cash outflow in 2024 compared to a significant inflow in 2023.

Cash Flows from Financing Activities

Receipt of Short-Term Loan

31-03-2024: 319 / 31-03-2023: - Cash inflow from short-term loan in 2024.

Repayment of Short-Term Loan

31-03-2024: -319 / 31-03-2023: - Cash outflow for repayment of short-term loan in 2024.

Interest (with TDS) Paid on Short-Term Loan

31-03-2024: -1.66 / 31-03-2023: - Interest paid on short-term loan.

Net Cash from/Used in Financing Activities

31-03-2024: -1.66 / 31-03-2023: - Net cash outflow from financing activities in 2024.

Net Increase/Decrease in Cash and Cash Equivalents

31-03-2024: -623.53 / 31-03-2023: 624.57 Overall decrease in cash and cash equivalents in 2024 compared to an increase in 2023.

Cash and Cash Equivalents at the Beginning and End of the Year

Beginning of the Year

31-03-2024: 628.27 / 31-03-2023: 3.7

End of the Year

31-03-2024: 4.74 / 31-03-2023: 628.27

Financial Ratios of Camac Commercial Company Limited

Particulars	2024	2023
Current Ratio (in times)	127.2	221.86
Return on net worth (%)	1.31%	-4.70%

Here is a summary of the financial and operational metrics for Camac Commercial Company Limited for the year 2024 & 2023:

Current Ratio (in times)

2024: 127.2

2023: 221.86

Insight: The current ratio has significantly decreased from 221.86 in 2023 to 127.2 in 2024. Despite this decline, a current ratio over 100 indicates an exceptionally high level of liquidity, meaning the company has substantial current assets relative to its current liabilities. This could suggest an overly conservative approach to liquidity management, which might imply that the company is not effectively utilizing its assets to generate revenue.

Return on Net Worth (RONW)

2024: 1.31%

2023: -4.70%

Insight: The Return on Net Worth has improved from -4.70% in 2023 to 1.31% in 2024. This positive shift indicates that the company has moved from a state of negative returns (where it was destroying shareholder value) to generating a modest positive return on shareholders ' equity. While the return is still relatively low, the improvement suggests better financial performance and potentially effective strategic changes or operational improvements.

Dividend History

Particulars	2024	2023
Dividend Per Share (Rs)	-	-
Retained Earnings (In lakhs)	10,226.13	11,146.69

Camac Commercial Annual Reports, Balance Sheet and Financials

Camac Commercial Company Limited (Camac Commercial) Return Comparision with Primex 40 Index

Camac Commercial Company Limited Balance Sheet (Rs in Lakhs)

Camac Commercial Company Limited Profit & Loss Statement (Rs in Lakhs)

Camac Commercial Company Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Financial Ratios of Camac Commercial Company Limited

Dividend History

Camac Commercial Annual Report 2023-24

Camac Commercial Annual Report 2022-23

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