Dolphin Offshore Enterprises India Ltd Annual Report and Financials

Dolphin Offshore Enterprises India Limited Balance Sheet (Rs In Lakhs)

 Dolphin Offshore Enterprises India Limited Profit & Loss Statement (Rs In Lakhs)

 Dolphin Offshore Enterprises India Limited Consolidated Cash Flow Statement (Rs In Lakhs)

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

A. Cash Flow from Operating Activities:

Net Cash from Operating Activities in 2023: -442.28 Rs

Net Cash from Operating Activities in 2022: -85.61 Rs

Cash flow from operating activities represents the cash generated or consumed by the company 's primary business operations. In 2023, the company had a net cash outflow of -442.28 Rs from its operating activities, indicating that its core business operations consumed more cash than they generated. This was also observed in 2022, with a net cash outflow of -85.61 Rs.

The statement starts with "Profit before taxation," which was 3,610.82 Rs in 2023 and -1,428.25 Rs in 2022. This figure is adjusted for various items, including depreciation and amortization expenses, provision for doubtful debts, interest expense, and sundry balance w/back. After these adjustments, "Cash Generated from operations before working capital changes" was -65.16 Rs in 2023 and -76.01 Rs in 2022. Additional adjustments for changes in non-current and current assets, financial liabilities, other liabilities, and trade payables result in "Cash generated from operations."

B. Cash Flow from Investing Activities:

Net Cash from Investing Activities in 2023: 7 Rs

Net Cash from Investing Activities in 2022: N/A

Cash flow from investing activities involves cash flows related to the purchase and sale of investments and assets. In 2023, the company generated 7 Rs from investing activities, which could be from the proceeds of selling investments. No data is available for 2022.

C. Cash Flow from Financing Activities:

Net Cash from Financing Activities in 2023: 480.26 Rs

Net Cash from Financing Activities in 2022: 79.68 Rs

Cash flow from financing activities represents cash flows related to raising and repaying funds. In 2023, the company had a net cash inflow of 480.26 Rs from financing activities, mainly from the issuance of equity shares and short-term borrowings. In 2022, there was also a net cash inflow of 79.68 Rs from financing activities.

Net Increase/Decrease in Cash and Cash Equivalents:

Change in Cash and Cash Equivalents in 2023: 44.97 Rs (Increase)

Change in Cash and Cash Equivalents in 2022: -5.93 Rs (Decrease)

This figure represents the overall change in cash and cash equivalents during the year. In 2023, there was an increase of 44.97 Rs in cash and cash equivalents, while in 2022, there was a decrease of -5.93 Rs.

Cash and Cash Equivalents at Beginning and End of the Year:

Cash and Cash Equivalents at the beginning of 2023: 19.5 Rs

Cash and Cash Equivalents at the end of 2023: 64.47 Rs

Cash and Cash Equivalents at the beginning of 2022: 25.42 Rs

Cash and Cash Equivalents at the end of 2022: 19.5 Rs

These values denote the cash and cash equivalents at the beginning and end of each respective year. The company ended 2023 with 64.47 Rs in cash and cash equivalents, compared to 19.5 Rs at the beginning of the year.

In summary, the Cash Flow Statement provides a detailed overview of how the company 's cash position changed over the year, taking into account its operating, investing, and financing activities.

Below are the Financial Ratios

Here is a summary of the financial and operational metrics for Dolphin Offshore Enterprises India Limited for the years 2023 and 2022:

1. Current Ratio:

2023: 6.06

2022: 0.74

The Current Ratio measures a company 's ability to cover its short-term liabilities with its short-term assets. In 2023, the company significantly improved its current ratio, suggesting a stronger ability to meet its short-term obligations compared to 2022.

2. Debt Equity Ratio:

2023: 0.1

2022: 3.11

The Debt Equity Ratio indicates the proportion of a company 's financing that comes from debt relative to equity. In 2023, the company substantially reduced its debt relative to equity, indicating a healthier financial position compared to the higher ratio in 2022.

3. Debt Service Coverage Ratio:

2023: -0.04

2022: -0.01

The Debt Service Coverage Ratio evaluates a company 's ability to service its debt by comparing its operating income to its debt obligations. In both years, the company had negative ratios, indicating potential challenges in servicing its debt.

4. Return on Equity Ratio:

2023: 0.3292

2022: -1.918

The Return on Equity (ROE) Ratio reflects a company 's profitability relative to shareholders ' equity. In 2023, the company achieved a positive ROE, showing improved profitability compared to the negative ROE in 2022.

5. Return on Capital Employed:

2023: 0.187

2022: -0.0827

The Return on Capital Employed (ROCE) Ratio evaluates the return generated from the capital employed in the business. In 2023, the company achieved a positive ROCE, indicating better capital efficiency compared to the negative ROCE in 2022.