| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Delta Galaxy Engineering Services Private Limited |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Shareholder 's Funds |
|
|
|
Share Capital |
1,500.00 |
5.00 |
|
Reserves and Surplus |
1,219.10 |
314.60 |
|
Non-Current Liabilities |
|
|
|
Long-term borrowings |
1,494.29 |
1,600.00 |
|
Current Liabilities |
|
|
|
Short-term borrowings |
1,373.97 |
1,585.53 |
|
Trade payables |
|
|
|
Outstanding dues to other than micro and small enterprises |
3,940.14 |
3,439.79 |
|
Other current liabilities |
2,843.44 |
21.31 |
|
Short-term provisions |
289.86 |
90.57 |
|
Total Equity & Liabilities |
12,660.80 |
7,056.79 |
|
Non-current assets |
|
|
|
Tangible assets |
536.94 |
728.57 |
|
Deferred Tax Assets |
40.97 |
36.74 |
|
Other Non Current Assets |
10.45 |
- |
|
Current assets |
|
|
|
Inventories |
5,813.62 |
1,727.44 |
|
Trade receivables |
4,699.45 |
2,818.75 |
|
Cash and Bank Balances |
110.75 |
184.67 |
|
Short-term loans and advances |
1,448.62 |
1,320.28 |
|
Other current assets |
- |
240.35 |
|
Total Assets |
12,660.80 |
7,056.79 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Income |
|
|
|
Revenue from operations |
17,447.66 |
7,948.65 |
|
Other Income |
0.71 |
0.01 |
|
Total Income |
17,448.37 |
7,948.66 |
|
Expenditure |
|
|
|
Cost of Material Consumed |
12,640.13 |
8,568.11 |
|
Purchase of Stock in Trade |
5,178.01 |
- |
|
Changes in inventories of WIP |
(4,086.18) |
(1,522.39) |
|
Employee benefit expense |
214.05 |
172.89 |
|
Finance cost |
279.55 |
40.05 |
|
Depreciation |
72.40 |
106.50 |
|
Other expenses |
1,157.89 |
257.94 |
|
Total Expenses |
15,455.85 |
7,623.11 |
|
Profit/(Loss) before tax |
1,992.52 |
325.55 |
|
Current tax |
(592.25) |
(90.57) |
|
Deferred tax |
4.23 |
36.74 |
|
Profit/(Loss) for the period |
1,404.51 |
271.72 |
|
Earning per equity share: |
|
|
|
Basic |
12.88 |
5.38 |
|
Diluted |
12.88 |
5.38 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash flow from Operating Activities |
|
|
|
Net Profit Before Income tax & Extraordinary item |
1,992.52 |
325.55 |
|
Add: Depreciation |
72.40 |
106.50 |
|
Add: Interest Expenses |
279.55 |
40.05 |
|
Add : Loss on Sales of Assets |
33.61 |
- |
|
Operating Profit before Working Capital changes |
2,378.08 |
472.10 |
|
Changes In Working Capital |
|
|
|
Increas/(Decrease) in Trade Payables |
500.36 |
2,362.99 |
|
Increase/(Decrease) in Other current liabilities |
2,822.14 |
11.68 |
|
Increase/(Decrease) in Short term provisions |
(302.40) |
(20.62) |
|
(Increase)/Decrease in Trade Receivables |
(1,880.70) |
(1,993.16) |
|
(Increase)/Decrease in Other Current Assets |
240.35 |
- |
|
(Increase)/Decrease in Non Current Assets |
(10.45) |
(170.39) |
|
(Increase)/Decrease in Short term Loans & advances |
(128.34) |
(920.80) |
|
(Increase)/Decrease in Inventory |
(4,086.18) |
(1,522.39) |
|
Operating (Loss)/Profit after Changes in Working Capital |
(2,845.24) |
(2,252.69) |
|
Less : Income Tax paid |
90.57 |
- |
|
Net Cash Generated from Operating Activities |
(557.72) |
(1,780.59) |
|
Cash flows from Investing Activities |
|
|
|
Sales/(Purchase) of Fixed Assets |
85.62 |
(511.12) |
|
Net Cash from Investing Activities |
85.62 |
(511.12) |
|
Cash flows from Financing Activities |
|
|
|
Issuance of Share Capital |
995.00 |
- |
|
Interest Expenses |
(279.55) |
(40.05) |
|
Proceeds/(Repayment) of Long Term Borrowings |
(105.71) |
1,341.12 |
|
Proceeds/(Repayment) of Short Term Borrowings |
(211.55) |
1,163.63 |
|
Net Cash Generated from Financing Activities |
398.19 |
2,464.69 |
|
Net Increase/ (Decrease) in Cash and Cash Equivalents |
(73.91) |
172.99 |
|
Cash and Cash Equivalents at the Beginning of the year |
184.67 |
11.68 |
|
Cash and Cash Equivalents at the End of the year |
110.75 |
184.67 |
|
Components of Cash and Cash Equivalents |
|
|
|
Cash in hand |
67.99 |
89.72 |
|
With Banks |
42.76 |
94.95 |
|
Total Cash and Cash Equivalents |
110.75 |
184.67 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flow from Operating Activities
Net Profit Before Tax and Adjustments: The year began with a net profit before tax of Rs. 1,992.52 lakhs in 2024, a significant increase from Rs. 325.55 lakhs in 2023. This indicates a substantial improvement in profitability.
Adjustments: Non-cash adjustments included depreciation (Rs. 72.40 lakhs in 2024) and interest expenses (Rs. 279.55 lakhs), which increased the operating profit to Rs. 2,378.08 lakhs.
Changes in Working Capital:
Trade Payables and Other Current Liabilities increased significantly (by Rs. 500.36 lakhs and Rs. 2,822.14 lakhs respectively), boosting the cash flow.
Inventory and Trade Receivables saw considerable increases, reducing the overall cash position, as these were substantial cash outflows totaling Rs. 4,086.18 lakhs and Rs. 1,880.70 lakhs respectively.
Operating Cash Flow After Working Capital Changes: After adjustments, the company recorded a net operating loss of Rs. (2,845.24) lakhs in 2024, a slight improvement over Rs. (2,252.69) lakhs in 2023. With income tax payments, the final net cash used in operating activities was Rs. (557.72) lakhs.
Cash Flow from Investing Activities
Fixed Assets: The company made a small profit from the sale of fixed assets, with Rs. 85.62 lakhs generated, improving from a cash outflow of Rs. (511.12) lakhs in 2023.
Net Cash from Investing Activities: The total inflow from investing activities stood at Rs. 85.62 lakhs in 2024, signaling a reduced investment in assets.
Cash Flow from Financing Activities
Share Capital Issuance: The company raised Rs. 995.00 lakhs by issuing share capital in 2024, bolstering cash flow.
Borrowings: While there were minor repayments of both long-term and short-term borrowings, they resulted in moderate outflows, contrasting with substantial borrowings in 2023.
Interest Payments: Interest costs, amounting to Rs. (279.55) lakhs, slightly reduced the net cash generated from financing activities, which was Rs. 398.19 lakhs in 2024, compared to Rs. 2,464.69 lakhs in 2023.
Net Increase/Decrease in Cash and Cash Equivalents
Overall Cash Position: The net cash decreased by Rs. (73.91) lakhs in 2024, leaving a year-end balance of Rs. 110.75 lakhs, down from Rs. 184.67 lakhs in 2023.
Cash Components: By the year-end, cash in hand and bank balances totaled Rs. 110.75 lakhs.
|
Particulars |
2024 |
2023 |
|
Current ratio |
1.43 |
1.22 |
|
Debt Equity ratio |
1.05 |
9.97 |
|
Debt service coverage ratio |
8.13 |
9.13 |
|
Return on equity ratio |
51.65% |
85.02% |
|
Inventory Turnover ratio |
3.64 |
7.29 |
|
Trade receivables turnover ratio |
4.64 |
4.36 |
|
Trade Payables turnover ratio |
1.5 |
2.38 |
|
Net Capital turnover ratio |
4.81 |
6.89 |
|
Net profit ratio |
8.05% |
3.42% |
|
Return on capital employed |
53.92% |
19.05% |
Here is a summary of the financial and operational metrics for Delta Galaxy Engineering Service Limited for the year 2024 & 2023:
Current Ratio
2024: 1.43 | 2023: 1.22
The current ratio, which measures the company’s ability to meet short-term obligations, has improved slightly. A ratio of 1.43 suggests a stable liquidity position, with sufficient current assets to cover current liabilities, though the company may aim to improve this further for added liquidity stability.
Debt-Equity Ratio
2024: 1.05 | 2023: 9.97
A substantial decrease in the debt-equity ratio signifies a reduction in reliance on debt. This significant drop from 9.97 to 1.05 indicates improved financial leverage, lowering risk and potentially reducing interest expenses, which could enhance profitability.
Debt Service Coverage Ratio (DSCR)
2024: 8.13 | 2023: 9.13
The DSCR has decreased slightly, though it remains strong at 8.13. This ratio indicates that the company generates sufficient earnings to cover debt obligations multiple times over, signaling strong solvency and low default risk, even with the slight decline from last year.
Return on Equity (ROE)
2024: 51.65% | 2023: 85.02%
ROE has decreased from 85.02% to 51.65%, indicating a decline in profitability relative to shareholders’ equity. While still high, the reduction suggests that although the company remains efficient in generating returns for shareholders, the returns have moderated compared to the previous year.
Inventory Turnover Ratio
2024: 3.64 | 2023: 7.29
A decrease in inventory turnover ratio reflects that inventory is moving slower through sales. This could be due to increased inventory levels or slower sales, potentially impacting cash flow and increasing storage costs. A ratio of 3.64 may indicate room for improvement in inventory management.
Trade Receivables Turnover Ratio
2024: 4.64 | 2023: 4.36
A slight improvement in this ratio implies better efficiency in collecting receivables. This marginal increase suggests that the company is converting credit sales into cash slightly faster than in the previous year, positively impacting liquidity.
Trade Payables Turnover Ratio
2024: 1.5 | 2023: 2.38
A lower trade payables turnover ratio indicates the company is taking longer to pay suppliers. While this may help short-term cash flow, it could impact supplier relationships if payments are delayed beyond reasonable terms. A ratio of 1.5 could suggest a need to manage payables more actively.
Net Capital Turnover Ratio
2024: 4.81 | 2023: 6.89
A decrease in this ratio suggests that the company generated less revenue per unit of working capital compared to the previous year. This may indicate that additional working capital is not being as effectively utilized for revenue generation as before, highlighting a potential area for efficiency improvements.
Net Profit Ratio
2024: 8.05% | 2023: 3.42%
The net profit ratio has more than doubled, indicating a significant improvement in profitability. This ratio increase implies better cost control, higher revenues, or a reduction in expenses relative to revenue, enhancing the company’s bottom line and suggesting stronger overall financial health.
Return on Capital Employed (ROCE)
2024: 53.92% | 2023: 19.05%
A substantial rise in ROCE reflects that the company is generating significantly higher returns on its employed capital. This improvement suggests efficient utilization of both debt and equity resources, potentially due to improved operational performance or better capital management.
