Carbo Ceramics Annual Reports, Balance Sheet and Financials

Carbo Ceramics Limited Balance Sheet (Rs in Lakhs)

Carbo Ceramics Limited Profit & Loss Statement (Rs in Lakhs)

Carbo Ceramics Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Profit before Tax

March 31, 2024: The profit before tax stood at ₹75 million, an increase from ₹65.68 million in the previous year. This indicates that the company 's profitability improved during this period.

Adjustments for Non-Cash Items and Other Income:

Fair Value Gain on Investments carried at Fair Value through Profit or Loss:

March 31, 2024: There was a fair value gain of ₹19.58 million, compared to ₹11.81 million in the previous year. This reflects an increase in the market value of investments held by the company, which positively impacted the profit but is not a cash transaction.

Interest Income:

March 31, 2024: Interest income amounted to ₹33.43 million, higher than ₹25.11 million in the previous year. This shows that the company earned more from its interest-bearing assets.

Dividend Income on Non-Current Investments:

March 31, 2024: The company earned ₹32.86 million in dividends, slightly lower than ₹38.66 million in the previous year. This income, while contributing to profitability, does not involve actual cash flows from operating activities.

Operating Profit/(Loss) before Changes in Operating Assets and Liabilities:

March 31, 2024: After adjusting for the non-cash items and other incomes, the operating profit before changes in working capital was a loss of ₹10.87 million, compared to a loss of ₹9.90 million in the previous year. This indicates that the core operating activities did not generate sufficient cash flow before considering working capital changes.

Changes in Operating Assets and Liabilities:

Increase/(Decrease) in Trade Payables:

March 31, 2024: Trade payables increased by ₹0.11 million, compared to a decrease of ₹0.11 million in the previous year. This implies that the company had more outstanding payments to suppliers, which could be a strategy to conserve cash.

Increase/(Decrease) in Other Current Liabilities:

March 31, 2024: There was a slight decrease of ₹0.04 million in other current liabilities, compared to a decrease of ₹0.01 million in the previous year, indicating a small reduction in short-term obligations.

(Increase)/Decrease in Other Non-current Assets:

March 31, 2024: There was no change in other non-current assets, while in the previous year, there was a decrease of ₹0.01 million, indicating stable non-current asset management during the year.

Cash Generated from Operations:

March 31, 2024: After accounting for changes in operating assets and liabilities, the company generated a negative cash flow of ₹11.02 million from operations, slightly worse than the negative cash flow of ₹9.79 million in the previous year. This suggests that operating activities consumed more cash than they generated.

Income Taxes Paid:

March 31, 2024: The company paid ₹10.24 million in income taxes, less than the ₹14.40 million paid in the previous year. The decrease in tax payments could be due to lower taxable income or more efficient tax management.

Net Cash from/(Used in) Operating Activities:

March 31, 2024: The net cash used in operating activities was ₹21.26 million, compared to ₹24.19 million in the previous year. This shows a slight improvement in cash flow from operations, though the company still had a net outflow.

Cash Flows from Investing Activities:

Interest Received:

March 31, 2024: The company received ₹33.88 million in interest, an increase from ₹23.44 million in the previous year, indicating higher returns from its investments.

Dividend Received on Non-Current Investments:

March 31, 2024: Dividends received totaled ₹32.86 million, slightly down from ₹38.66 million in the previous year.

Investment in Fixed Deposits with Bank:

March 31, 2024: The company invested ₹33.00 million in fixed deposits, which is less than the ₹40.00 million invested in the previous year, indicating a slight reduction in fixed deposit investment.

Net Cash from/ (Used in) Investing Activities:

March 31, 2024: The net cash inflow from investing activities was ₹33.74 million, a significant increase from ₹22.10 million in the previous year. This suggests that the company generated more cash from its investment activities.

Net Cash Inflow / (Outflow):

March 31, 2024: The overall net cash inflow for the period was ₹12.48 million, a positive change compared to the net outflow of ₹2.09 million in the previous year. This indicates an improvement in the company 's cash position.

Cash and Cash Equivalents - Opening and Closing:

Opening Balance (March 31, 2024): The company started the year with ₹8.14 million in cash and cash equivalents.

Closing Balance (March 31, 2024): The company ended the year with ₹20.62 million in cash and cash equivalents, reflecting the overall positive net cash inflow during the year.

Financial Ratios of Carbo Ceramics Limited

Here is a summary of the financial and operational metrics for Carbo Ceramics Limited for the year 2024 & 2023:

Current Ratio:

2024: 36.99

2023: 45.42

Insight: The current ratio has decreased from 45.42 in 2023 to 36.99 in 2024. This ratio measures the company’s ability to cover its short-term liabilities with its short-term assets. Although the ratio is still significantly high, which indicates a strong liquidity position, the decrease suggests a reduction in current assets or an increase in current liabilities. A very high current ratio might also indicate that the company has too much idle cash or other current assets that are not being effectively utilized for growth or investment.

Return on Equity (ROE) Ratio:

2024: 0.03 (3%)

2023: 0.02 (2%)

Insight: The ROE ratio, which measures the profitability of the company in relation to shareholders ' equity, has increased slightly from 2% in 2023 to 3% in 2024. This indicates that the company is generating more profit from the equity capital provided by shareholders. While the improvement is positive, the ROE is still relatively low, which suggests there may be potential to further enhance profitability and make better use of equity capital.

Return on Capital Employed (ROCE):

2024: 0.02 (2%)

2023: 0.04 (4%)

Insight: The ROCE, which measures the efficiency and profitability of a company’s capital investments, has decreased from 4% in 2023 to 2% in 2024. This suggests that the company’s ability to generate returns from its capital employed has weakened. A lower ROCE can indicate that the company is not using its capital as effectively as in the previous year, which might be a concern for investors seeking high returns on their investments.

Return on Investment (ROI):

2024: 0.04 (4%)

2023: 0.04 (4%)

Insight: The ROI has remained stable at 4% for both years. This ratio indicates the return earned on the investments made by the company. Stability in ROI suggests that the company has maintained consistent performance in generating returns from its investments, neither improving nor declining.

Dividend History

Carbo Ceramics Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2024 and 2023 is not provided, 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 2024 amounted to Rs. 810.01 Lakhs, while in 2023, they were Rs. 740.10 Lakhs. 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.