Capricon Realty Annual Reports, Balance Sheet and Financials

Capricon Realty Limited Consolidated Balance Sheet (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Non-current Assets
Property, plant and equipment	290.12	240.47
Investment property	923.13	970.39
Goodwill	7,355.43	7,355.43
Other Intangible assets	0.24	0.39
Right of use assets	119.88	21.81
Investments accounted for using the equity method	7,879.26	2,484.91
Investments	27,463.41	18,263.53
Other financial assets	300.15	451.70
Deferred tax assets	−	181.74
Other non-current assets	−	26.97
Current Assets
Inventories	2,346.34	2,079.51
Investments	40,834.41	48,518.14
Trade receivables	0.09	19.02
Cash and cash Equivalents	334.97	108.62
Bank balances other than above	14.46	1,111.39
Loans	3,500.00	−
Other financial assets	1,087.40	958.85
Current tax assets (net)	665.09	650.00
Other current assets	331.01	404.26
Total Assets	93445.39	83847.13
Equity
Share capital	0.90	0.90
Other Equity	92,011.32	81,641.17
Non-current Liabilities
Lease liabilities	78.47	−
Other financial liabilities	474.31	461.70
Provisions	114.21	80.58
Deferred tax liabilities	321.77	−
Other non-current liabilities	44.43	−
Current Liabilities
Lease liabilities	44.69	23.69
Trade Payables
Total outstanding dues of micro & Small enterprises	−	4.82
Total outstanding dues of ceditors other than micro & Small enterprises	−	6.45
Other financial liabilities	24.55	1,557.09
Other Current liabilities	249.53	26.38
Provisions	81.21	44.35
Total Equity and Liabilities	93,445.39	83,847.13

Capricon Realty Limited Consolidated Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Income
Revenue  From  Operations	2,745.54	27,395.26
Other  Income	8,889.95	4,373.57
Total  Income	11,635.49	31,768.83
Expenses:
Cost  of  Materials  Consumed	59.48	88.97
Purchase of stock in trade	2,715.30	−
Changes  in  Inventories  of  Finished  Goods and Work-In-Progress	(59.48)	5,690.61
Employee  Benefit  Expense	592.32	1,974.54
Financial  Costs	44.96	3.62
Depreciation  and  Amortisation  Cost	180.13	148.96
Other  Expenses	824.41	1,048.09
Total  Expenses	4,357.12	8,954.79
Profit  Before  Tax	7,278.37	22,814.04
Current tax	1,185.00	5,700.00
Deferred  Tax	504.35	(30.42)
Share of profit in associate company	5,395.64	160.57
Profit/(Loss)  For  The  Period	10,984.66	17,305.03
Other Comprehensive Income
Items that will not be reclassified to profit or loss:
Remeasurement of defined benefit plan	(3.35)	18.13
Share of other comprehensive income in associate accounted for using the equity method	(1.28)	−
Income tax relating to items that will not be reclassified to profit or loss	0.84	−
Total Other Comprehensive income	(3.79)	18.13
Total Comprehensive Income for the year	10,980.87	17,323.16
Earning  Per  Equity  Share:
Basic and Diluted	1,22,418.98	1,92,342.04

Capricon Realty Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Profit before tax	12674.01	22974.61
Adjustments for:
Finance costs	44.96	3.62
Depreciation and amortisation expenses	180.13	148.96
Interest Income	-2701.49	-1446.70
Unwinding of discount on security deposits	-6.23	18.97
Sundry credit balance written back	-1.23	-
Loss on sale of fixed assets	-	0.15
Net gain on sale of investments	-2351.24	-1646.38
Share of profit from associate	-5395.64	-160.57
Net gain on fair value changes of investments	-2096.13	-147.38
Investment related expenses	45.81	14.20
Dividend Income	-181.62	-132.16
Operating profit/(Loss) before working capital changes	211.33	19627.32
Changes in Working Capital:
Trade Receivables	20.16	4753.34
Inventories	-266.83	5690.60
Other current assets	73.24	-25.55
Other non-current assets	26.97	-345.89
Other non-current financial assets	151.55	-
Other current financial assets	-223.89	-
Trade payables	-11.27	3.50
Other non current liabilities	-	84.90
Other current liabilities	187.62	-1671.78
Other non-current financial liabilities	62.00	-
Other current financial liabilities	-1535.56	-
Provisions	67.13	18.05
Cash utilised from operations	-1237.55	28134.49
Direct taxes paid (net)	-1200.09	-5720.97
Net Cash from Operating Activities	-2437.64	22413.52
Cash Flow from Investing Activities
Purchase of Property, plant and equipment	-136.53	-203.95
Purchase of Investments	-86312.80	-147458.26
Proceeds from sale of investments	89244.03	109894.53
Loans given	-3500.00	-
Interest incone	2797.06	781.39
Income received from funds	-	134.27
Proceeds from fixed deposits (net)	1098.31	837.91
Investment related expenses	-45.81	-14.20
Dividend Income	181.40	132.16
Net Cash from Investing Activities	3325.66	-35896.15
Cash Flow from Financing Activities
Interest paid	-1.10	-
Dividend paid	-448.05	-449.85
Payment for buyback of shares	-162.66	-
Payment of lease liabilities:
Principal	-44.43	-44.80
Interest	-5.43	-3.62
Net Cash from Financing Activities	-661.67	-498.27
Net Increase/Decrease in cash & cash equivalents	226.35	-13980.90
Cash and cash equivalents at the beginning of the period	108.62	14089.52
Cash and cash equivalents at the end of the period	334.97	108.62
Cash and cash equivalents comprise of:
Balances with banks	334.12	107.85
Cash on hand	0.85	0.77
Total	334.97	108.62

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

Cash Flow from Operating Activities

Profit Before Tax: For 2024, the company reported a pre-tax profit of ₹12,674.01 lakhs, a decrease from ₹22,974.61 lakhs in 2023.

Adjustments for Non-Cash Items: Significant adjustments include depreciation and amortization expenses, finance costs, and investment-related expenses. Notably, adjustments also involved large deductions for interest and dividend income, and a significant gain from the sale of investments and fair value adjustments on investments, leading to a reduction in the operating profit before working capital changes.

Working Capital Adjustments: Various adjustments to working capital accounts show increases in trade receivables and a reduction in trade payables. This category reflects overall cash outflow due to the utilization of cash for operations, primarily influenced by direct taxes paid.

Net Cash from Operating Activities: The net cash used in operating activities was ₹-2,437.64 lakhs, compared to a positive inflow of ₹22,413.52 lakhs in 2023. This decrease suggests a year-over-year reduction in cash generated from core operations, potentially due to increased outflows for taxes and adjustments in non-operational income.

Cash Flow from Investing Activities

Investments and Property Purchases: The company made significant purchases of investments, leading to a large cash outflow, with only partial offset from proceeds from the sale of investments and fixed deposit income.

Proceeds from Sales and Dividends: The cash inflow primarily resulted from the sale of investments, interest income, and dividends, balancing the investment-related expenses. The net cash generated from investing activities was ₹3,325.66 lakhs for 2024, a significant improvement over the previous year 's outflow of ₹-35,896.15 lakhs, likely reflecting strategic divestment or proceeds from sales.

Cash Flow from Financing Activities

Interest and Dividends: The company paid dividends and interest on lease liabilities, which contributed to cash outflow.

Buyback of Shares: The company repurchased shares, leading to additional cash outflow.

Net Cash Used in Financing Activities: Overall, financing activities led to a net cash outflow of ₹-661.67 lakhs in 2024 compared to ₹-498.27 lakhs in 2023, indicating moderate cash usage in shareholder and financing-related activities.

Net Change in Cash and Cash Equivalents

Year-End Cash Position: The company ended the year with a net increase in cash and cash equivalents of ₹226.35 lakhs, reaching a closing balance of ₹334.97 lakhs in 2024 compared to ₹108.62 lakhs in 2023.