Dalmia Bharat Refractories Annual Reports, Balance Sheet & Financials

Dalmia Bharat Refractories Limited Balance Sheet (Rs. in Crore)

Dalmia Bharat Refractories Limited Profit & Loss Statement (In Rs. Crore) 

Dalmia Bharat Refractories Cash Flow Statement for the last two years (Rs. in Crore)

Summary of Cash Flow Statement for the years ending on March 31, 2023, and March 31, 2022, for Dalmia Bharat Refractories:

A. Cash flow from operating activities:

- In 2023, the company had a profit before tax from ordinary activities before exceptional items of -10.41 crore from continuing operations and -25.87 crore from discontinuing operations.

- Exceptional items amounting to 1,759.87 crore were recorded in 2023, resulting in a profit before taxation of 1,723.59 crore.

- Adjustments were made for depreciation and amortization expenses, provision no longer required written back, bad debts, gain on slump sale, impairment of intangible assets, provisions for doubtful debts and warranty, finance cost, interest income, dividend income, rates and taxes, gain on investments, and profit/loss on the sale of property, plant, and equipment.

- After these adjustments, the operating profit before working capital changes was 131.45 crore in 2023 and 94.90 crore in 2022.

- Working capital adjustments included changes in inventories, trade receivables, loans, other financial assets, other assets, trade payables, other financial liabilities, provisions, and other liabilities.

- The net cash flow generated from operating activities was 140.44 crore in 2023 and 19.56 crore in 2022.

B. Cash flow from investing activities:

- The company made investments in property, plant, equipment, and intangible assets, resulting in cash outflows.

- There were proceeds from the sale of property, plant, and equipment, interest income, and dividend income.

- The company purchased current investments, but also received proceeds from the sale of current investments.

- Other activities included investments in subsidiaries, changes in bank balances, and proceeds from the slump sale of business.

- The net cash flow generated from investing activities was -128.96 crore in 2023 and -45.04 crore in 2022.

C. Cash flow from financing activities:

- There were no proceeds from the issue of equity shares in 2023, but there were receipts in the previous year.

- Other receipts were recorded in 2023.

- Dividends were paid to shareholders, and there were proceeds and repayments of borrowings.

- Repayments of lease liabilities and interest payments were also made.

- The net cash flow generated from financing activities was 66.57 crore in 2023 and -19.09 crore in 2022.

Overall, the company experienced a net increase in cash and cash equivalents of 78.04 crore in 2023 and a net decrease of 44.58 crore in 2022. The ending cash and cash equivalents were 128.15 crore in 2023 and 50.11 crore in 2022.

Funds Flow Statement of Dalmia Bharat Refractories (Rs. In Crores)

Dalmia Bharat Refractories Key Financial Ratios (Standalone)

Summary of Dalmia Bharat Refractories Key Financial Ratios:

• Current Ratio:

- The current ratio measures the company 's ability to cover its short-term liabilities with its short-term assets.

- The current ratio was 1.30 in 2023 and 1.62 in 2022, indicating a slight decrease in liquidity from the previous year.

• Debt-Equity Ratio:

- The debt-equity ratio compares the company 's total debt to its shareholders ' equity.

- The debt-equity ratio was not provided for 2023 but was 0.05 in 2022, indicating a relatively low level of debt compared to equity.

• Debt Service Coverage Ratio:

- The debt service coverage ratio evaluates the company 's ability to cover its debt obligations from its operating income.

- The debt service coverage ratio was 0.02 in 2023, indicating a weak ability to cover debt obligations, and a significant decrease from the ratio of 9.72 in 2022.

• Return on Equity Ratio:

- The return on equity ratio measures the company 's profitability relative to its shareholders ' equity.

- The return on equity ratio was 85.34% in 2023, indicating a significant increase in profitability compared to 0.32% in 2022.

• Inventory Turnover Ratio:

- The inventory turnover ratio assesses the efficiency of inventory management.

- The inventory turnover ratio was 0.12 in 2023, suggesting slower inventory turnover compared to 0.85 in 2022.

• Trade Receivables Turnover Ratio:

- The trade receivables turnover ratio measures the efficiency of collecting payments from customers.

- The trade receivables turnover ratio was 0.12 in 2023, indicating a slower collection of receivables compared to 1.02 in 2022.

• Trade Payable Turnover Ratio:

- The trade payable turnover ratio evaluates the efficiency of paying trade payables.

- The trade payable turnover ratio was 0.30 in 2023, suggesting a slower payment of trade payables compared to 2.30 in 2022.

• Net Capital Turnover Ratio:

- The net capital turnover ratio measures the efficiency of utilizing capital to generate revenue.

- The net capital turnover ratio was 0.46 in 2023, indicating a lower efficiency in generating revenue compared to 3.68 in 2022.

• Net Profit Ratio:

- The net profit ratio assesses the company 's profitability as a percentage of net profit to net sales.

- The net profit ratio was 1410% in 2023, indicating a significant increase in profitability compared to 1.20% in 2022.

• Return on Capital Employed Ratio:

- The return on capital employed ratio measures the company 's profitability relative to its capital employed.

- The return on capital employed ratio was -1.22% in 2023, indicating a negative profitability and a decrease from 0.58% in 2022.

• Return on Investment Ratio:

- The return on investment ratio assesses the company 's profitability relative to its investment.

- The return on investment ratio was 35.02% in 2023, indicating a positive profitability and an increase from -5.13% in 2022.

Overall, the financial ratios suggest mixed performance for Dalmia Bharat Refractories. While some ratios show improvements in profitability and efficiency, others indicate challenges in debt service coverage and slower turnover of inventory and receivables.

Dalmia Bharat Refractories Dividend History

Dalmia Bharat Refractories Limited Recent Performance

• Revenue from Operations of the company has increased by 15.09% from Rs. 300.41 lakhs in FY 2022 to Rs. 345.75 lakhs in FY 2023.

• EBITDA of the company increased by 3575% from Rs. 48.22 lakhs in FY 2022 to Rs. 1772.2 lakhs in FY 2023.
• Profit after Tax of the company increased significantly by 5620% from Rs. 22.84 lakhs in FY 2022 to Rs. 1306.59 lakhs in FY 2023. PAT margins increased from 7.58% in FY 2022 to 364.28% in FY 2023.
• The Current Ratio of the company as of 31st March 2023 was 1.34. The company does not have any liquidity issues.
• Total Debt on the company as of 31st March 2023 stood at Rs. 89.39 lakhs. and Debt to Equity ratio of the company as of 31st March 2023 was 2.02.