Central Cables Annual Report

Central Cables Limited (CENTRAL) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Central Cables Limited

Central Cable Limited Balance Sheet (Rs In Lakhs)

Particulars	2023	2022
ASSETS
Non-Current Assets
(a) Property, Plant and Equipment	3,283.69	3,782.26
(b) Financial Assets:
(i)Investments	13.11	1.77
(ii)Loans	142.51	141.99
(iii)Others	3.71	107.77
Total Non-Current Assets(A)	3,443.02	4,033.79
Current Assets
(a) Inventories	1.59
(b) Financial Assets:
(i)Investments	110.28	9.26
(ii)Trade Receivables	299.38	449.66
(iii)Cash & Cash Equivalents	426.73	127.97
(iv)Bank Balances other than (iii) above	184.57	65.1
(iv)Loans	32.88	66.73
(v) Others	6.89	0.19
(c ) Other Current Assets	166.16	128.36
Total Current Assets(B)	1,228.47	847.26
TOTAL ASSETS(A+B)	4,671.49	4,881.05
EQUITY AND LIABILITIES
Equity
(a) Equity Share Capital	162.5	162.5
(b) Other Equity	4,338.12	4,485.79
Total Equity (C )	4,500.62	4,648.29
Liabilities
Non-Current Liabilities
Financial Liabilities:
(i)Borrowings	7.11
(ii)Other Financial liabilities	34.9	44.03
Provisions		16.81
Deferred Tax Liabilities(Net)	46.31	47.88
Total Non-Current Liabilities (D)	88.32	108.72
Current Liabilities
Financial Liabilities:
(i)Borrowings	4.02
(ii)Trade Payables	6.03	47.03
Other Current Liabilities	72.5	63.02
Provisions		14
Total Current Liabilities (E)	82.55	124.04
Total Liabilities (D+F)	170.87	232.76
TOTAL EQUITY AND LIABILITIES(C+D+F)	4,671.49	4,881.05

Central Cable Limited Profit & Loss Statement (Rs In Lakhs)

Particulars	2023	2022
INCOME
I Revenue from Operations	230.46	166.61
II Other Income	353.24	21.1
III Total Income (I+II)	583.7	187.71
IV EXPENSES:
a)Purchases	18.09
b) Changes in inventories	-1.59
c) Employee Benefit Expenses	87.36	23.58
d) Finance Cost	1.06	0.47
e) Depreciation & Amortisation Expenses	48.98	22.59
f) Other Expenses	299.97	97.96
Total Expenses (IV)	453.87	144.6
V Profit/(Loss) before exceptional items and tax (I-IV)	129.83	43.11
VII Profit/(Loss) after exceptional items and before tax (V-VI)	129.83	43.11
VIII Tax Expenses:
i) Current Tax		14
ii) Deferred Tax	-1.57	5.84
iii) (Excess)/Short provision for Income tax in earlier years	1.18	-3.02
IX Profit/(Loss) after tax for the eriod from continuing operations (VII-VIII)	130.22	20.25
X Profit/(Loss) after Tax for the year (IX+XII)	130.22	20.25
XI Other Comprehensive Income
A (i) Items that will not be reclassified to profit or loss	12.36
(ii) Income Tax relating to items that will not be reclassified to profit or loss	2.47
Total of Other Comprehensive Income	9.89
XII Total Comprehensive Income for the year (XIII+XIV) comprising Profit/(Loss) and Other Comprehensive Income for the year	140.11
XIII Earnings per Equity Share (for continuing operation)
(1) Basic	8.01	1.25
(2) Diluted	8.01	1.25
XIV Earnings per Equity Share(for discontinued and continuing operation)
(1) Basic	8.01	1.25
(2) Diluted	8.01	1.25

Central Cable Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Particulars	2023	2022
CASH FLOW FROM OPERATING ACTIVITIES
Net profit before tax and extraordinary items	129.83	43.11
Adjustments:
Depreciation	48.98	22.59
Dividend Received	-0.14	-0.12
Profit on Sale of Land	-283.4
Interest & Financial Charges Paid	0.46	0.47
Interest Received	-10.04	-10.14
MAT Credit	-244.13	34.55
OPERATING PROFIT BEFORE WORKING CAPITAL CHARGES	-114.3	77.66
ADJUSTMENTS FOR:
Inventory	-1.59
Receivables	150.28	-25.19
Loans & Advances	33.85	-29.65
Other Financial Current Assets	-6.71	7.32
Other bank balances (FDR)	-119.47
Other Current Assets	-37.81	124.79
Payables	-40.99	15.48
Borrowings	4.02
Other current liabilities	9.48	2.07
Total Adjustments	-8.93	94.83
CASH GENERATED FROM OPERATIONS	-123.2	172.49
DIRECT TAXES PAID	2.89	-17.02
NET CASH FROM OPERATING ACTIVITIES	-120.3	155.47
B. CASH FLOW FROM INVESTING ACTIVITIES
Increase/Decrease in Current Investment	-101.02	9.9
Sale of Fixed Assets	454.5
Addition In Financial Assets		23.67
Addition of Fixed Assets	-14.81	-17.06
NET CASH USED IN INVESTING ACTIVITIES	338.67	16.51
C. CASH FLOW FROM FINANCING ACTIVITIES
Increase/Decrease in Long Term	-0.52	30.86
Increase/Decrease in non-current financial asset	104.06
Increase/Decrease in Long Borrowings	7.11	-108.71
Increase/Decrease in Long Term Liabilities	-9.12	0.81
Increase/Decrease in Long Term Provision	-16.81
Increase/Decrease in Short Term Provision	-14	-8.72
Dividend Received	0.14	0.12
Interest & Financial Charges Paid	-0.46	-0.47
Interest Received	10.04	10.14
NET CASH USED IN FINANCING ACTIVITIES	80.43	-75.97
NET INCREASE IN CASH & CASH EQUIVALENTS	298.75	96.01
CASH AND CASH EQUIVALENTS OPENING BALANCE	127.97	31.97
CASH AND CASH EQUIVALENTS CLOSING BALANCE	426.73	127.97
NET INCREASE IN CASH & CASH EQUIVALENTS	298.75	96.01

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

A. Cash Flow from Operating Activities

2023:

Net Cash from Operating Activities: -120.34

2022:

Net Cash from Operating Activities: 155.47

B. Cash Flow from Investing Activities:

2023:

Net Cash Used in Investing Activities: 338.67

Details:

Increase/Decrease in Current Investment: -101.02

Sale of Fixed Assets: 454.5

Addition In Financial Assets: 23.67

Addition of Fixed Assets: -14.81

2022:

Net Cash Used in Investing Activities: 16.51

Details:

Increase/Decrease in Current Investment: 9.9

Sale of Fixed Assets: (not specified)

Addition In Financial Assets: 23.67

Addition of Fixed Assets: -17.06

C. Cash Flow from Financing Activities:

2023:

Net Cash Used in Financing Activities: 80.43

Details:

Increase/Decrease in Long Term: -0.52

Increase/Decrease in non-current financial asset: 104.06

Increase/Decrease in Long Borrowings: 7.11

Increase/Decrease in Long Term Liabilities: -9.12

Increase/Decrease in Long Term Provision: -16.81

Increase/Decrease in Short Term Provision: -14

Dividend Received: 0.14

Interest & Financial Charges Paid: -0.46

Interest Received: 10.04

2022:

Net Cash Used in Financing Activities: -75.97

Details:

Increase/Decrease in Long Term: 30.86

Increase/Decrease in non-current financial asset: (not specified)

Increase/Decrease in Long Borrowings: -108.71

Increase/Decrease in Long Term Liabilities: 0.81

Increase/Decrease in Long Term Provision: (not specified)

Increase/Decrease in Short Term Provision: -8.72

Dividend Received: 0.12

Interest & Financial Charges Paid: -0.47

Interest Received: 10.14

D. Net Increase in Cash & Cash Equivalents:

2023: 298.75

2022: 96.01

E. Cash and Cash Equivalents:

2023:

Opening Balance: 127.97

Closing Balance: 426.73

2022:

Opening Balance: 31.97

Closing Balance: 127.97

Bellow are the Financial Ratios

Particulars	2023	2022
Current Ratio	14.88	10.26
Debt Equity Ratio	0.0025
Debt Service coverage ratio	37.27
Return on Equity Ratio	2.89	0.44
Inventory Turnover Ratio	7.56
Trade Receivables turnover ratio	0.62	0.78
Trade Payables turnover ratio	9.03	2.02
Net capital turnover ratio	0.2	0.23037
Net profit ratio	0.57	0.12
Return on Capital employed	2.84	0.4258
Return on investment	0.0023	0.01

Here is a summary of the financial and operational metrics for Central Cable Limited Limited

Current Ratio:

In 2023, the company 's current ratio surged to 14.88, indicating improved liquidity and a strong ability to cover short-term obligations, up from 10.26 in 2022.

Debt Equity Ratio:

The debt equity ratio remained remarkably low in 2023 at 0.0025, reflecting minimal reliance on debt for financing. The ratio for 2022 was not specified.

Debt Service Coverage Ratio:

In 2023, the debt service coverage ratio stood at 37.27, signaling a robust ability to meet debt obligations. The ratio for 2022 was not provided.

Return on Equity Ratio:

Central Cable Limited 's return on equity ratio showed substantial growth, reaching 2.89 in 2023, compared to 0.44 in 2022, indicating increased returns to shareholders.

Net Profit Ratio:

The net profit ratio witnessed a significant increase, rising to 0.57 in 2023 from 0.12 in 2022, showcasing more efficient conversion of sales into profits.

Inventory Turnover Ratio:

The company 's inventory turnover ratio was notably high at 7.56 in 2023, indicating efficient management of inventory. The ratio for 2022 was not specified.

Trade Receivables Turnover Ratio

In 2023, the trade receivables turnover ratio slightly declined to 0.62, demonstrating effective management of credit sales. In 2022, the ratio was 0.78.

Trade Payables Turnover Ratio:

Central Cable Limited improved its trade payables turnover ratio significantly, reaching 9.03 in 2023, highlighting efficient management of trade payables. In 2022, the ratio was 2.02.

Net Capital Turnover Ratio:

The net capital turnover ratio saw a slight decrease in 2023, from 0.2303678 in 2022 to 0.2, suggesting slightly lower utilization of capital for generating sales.

Return on Capital Employed:

The return on capital employed increased from 0.4258 in 2022 to 2.84 in 2023, indicating improved profitability concerning the capital invested.

Return on Investment:

The return on investment remained at a reasonable level, with 0.0023 in 2023 and 0.01 in 2022.