| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Cremica Agro Foods Limited |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Non-current assets |
|
|
|
Deferred tax assets (net) |
2,093 |
2,635 |
|
Other non-current assets |
21,500 |
21,500 |
|
Current assets |
|
|
|
Cash and cash equivalents |
2,439 |
3,815 |
|
Bank balances other than above |
59,906 |
56,713 |
|
Current tax assets (net) |
711 |
336 |
|
Other current assets |
3 |
16 |
|
Total assets |
86,652 |
85,015 |
|
Equity |
|
|
|
Equity share capital |
44,955 |
44,955 |
|
Other equity |
40,819 |
39,214 |
|
Non-current liabilities |
|
|
|
Provisions |
- |
118 |
|
Current liabilities |
|
|
|
Total outstanding dues of creditors other than micro enterprises and small enterprises |
171 |
61 |
|
Other financial liabilities |
701 |
662 |
|
Other current liabilities |
6 |
3 |
|
Provisions |
- |
2 |
|
Total equity and liabilities |
86,652 |
85,015 |
Cremica Agro Foods Limited Profit & Loss Statement (Rs in Thousands)
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Income |
|
|
|
Other income |
3,784 |
3,163 |
|
Total income |
3,784 |
3,163 |
|
Expenses |
|
|
|
Employee benefits expense |
550 |
815 |
|
Other expenses |
1,087 |
12,721 |
|
Total expenses |
1,637 |
13,536 |
|
Profit before tax |
2,147 |
-10,373 |
|
Tax adjustment for earlier years |
- |
1 |
|
Deferred tax |
542 |
-2,596 |
|
Profit for the year |
1,605 |
-7,778 |
|
Total comprehensive income for the year |
1,605 |
-7,778 |
|
Earnings per equity share |
|
|
|
Basic (Amount in Rs.) |
0.36 |
-1.73 |
|
Diluted (Amount in Rs.) |
0.36 |
-1.73 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash flow from operating activities |
|
|
|
Profit before tax |
2,147 |
-10,373 |
|
Adjustment for non-operating & non cash transactions |
|
|
|
Excess Provisions written back |
-120 |
- |
|
Balances no longer receivable written off (net) |
- |
11,445 |
|
Interest income |
-3,664 |
-3,163 |
|
Operating profit before working capital changes |
-1,637 |
-2,091 |
|
Movement in working capital: |
|
|
|
Decrease/ (increase) in current assets |
13 |
-16 |
|
Increase/ (decrease) in non-current liabilities |
- |
118 |
|
Increase/ (decrease) in Trade Payables |
110 |
- |
|
Increase/ (decrease) in Other Current Liabilities |
42 |
1 |
|
Cash generated from/ (used in) operations |
-1,472 |
-1,988 |
|
Income tax paid (net of refund) |
-375 |
-341 |
|
Net cash from/ (used in) operating activities |
-1,847 |
-2,329 |
|
Cash flows from investing activities |
|
|
|
Investment in fixed/term deposits not considered as cash and cash equivalents |
-57,000 |
-54,000 |
|
Redemption/maturity of fixed/term deposits not considered as cash and cash equivalents |
56,235 |
4,108 |
|
Interest received |
1,236 |
450 |
|
Net cash from/ (used in) investing activities |
471 |
-49,442 |
|
Net increase/ (decrease) in cash and cash equivalents |
-1,376 |
-51,771 |
|
Cash and cash equivalents at the beginning of the year |
3,815 |
55,586 |
|
Cash and cash equivalents at the end of the year |
2,439 |
3,815 |
|
Cash and cash equivalents Include: |
|
|
|
Balance with Banks |
|
|
|
In Current Accounts |
2,439 |
3,815 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flow from Operating Activities:
In 2024, the company reported a profit before tax of ₹2,147 thousand, a notable improvement from the loss of ₹10,373 thousand in 2023. After adjusting for non-operating and non-cash transactions, including a write-back of excess provisions (₹120 thousand) and interest income (₹3,664 thousand), the operating loss before working capital changes stood at ₹1,637 thousand in 2024, compared to ₹2,091 thousand in 2023.
Changes in working capital had a positive effect on the cash flow in 2024. There was a slight decrease in current assets (₹13 thousand) and an increase in trade payables (₹110 thousand) and other current liabilities (₹42 thousand). These changes reduced the net cash used in operations, bringing the cash generated from operations to ₹1,472 thousand, compared to ₹1,988 thousand in 2023.
After accounting for income tax payments (₹375 thousand in 2024 and ₹341 thousand in 2023), the net cash used in operating activities in 2024 was ₹1,847 thousand, slightly lower than the ₹2,329 thousand used in 2023. Despite an improved operating performance, cash outflows persisted due to ongoing operating challenges.
Cash Flow from Investing Activities:
In 2024, the company made significant investments in fixed/term deposits (₹57,000 thousand), slightly higher than the ₹54,000 thousand invested in 2023. However, there were redemptions and maturities of fixed/term deposits totaling ₹56,235 thousand in 2024, compared to just ₹4,108 thousand in 2023. Additionally, interest income received was ₹1,236 thousand in 2024, significantly higher than ₹450 thousand in 2023.
As a result, the net cash generated from investing activities in 2024 was ₹471 thousand, marking a significant improvement compared to the large cash outflow of ₹49,442 thousand in 2023. This improvement was mainly due to the higher redemption of fixed/term deposits in 2024.
Net Increase/Decrease in Cash and Cash Equivalents:
Despite the improvement in both operating and investing activities, the net decrease in cash and cash equivalents in 2024 was ₹1,376 thousand, much smaller than the significant reduction of ₹51,771 thousand in 2023.
|
Particulars |
2024 |
2023 |
|
Current Ratio |
71.82 |
83.63 |
|
Return on Equity (%) |
2.00% |
-9.00% |
|
Net Profit Ratio (%) |
0.42 |
-2.46 |
|
Return on Capital Employed (%) |
0.03 |
-0.12 |
Here is a summary of the financial and operational metrics for Cremica Agro Foods Limited for the year 2024 and 2023:
Current Ratio:
The current ratio measures a company’s ability to pay its short-term liabilities with its short-term assets. In 2024, the current ratio stood at 71.82, compared to 83.63 in 2023.
Return on Equity (ROE):
ROE measures how efficiently a company is using shareholders ' equity to generate profit. In 2024, the company reported a positive ROE of 2.00%, reflecting a return to profitability, whereas in 2023, it was negative at -9.00% due to the company 's net losses.
Net Profit Ratio:
The net profit ratio shows the percentage of revenue that translates into profit after all expenses are deducted. In 2024, the ratio improved to 0.42%, from -2.46% in 2023. The negative net profit ratio in 2023 indicates that the company was incurring losses, whereas the positive figure in 2024 shows the company is now generating a small profit on its revenue.
Return on Capital Employed (ROCE):
ROCE measures how efficiently a company is using both its equity and debt to generate profits. In 2024, the ROCE was 0.03%, compared to -0.12% in 2023. Similar to the other profitability ratios, this improvement reflects the company’s move from losses in 2023 to profitability in 2024, albeit with a very modest return.
