Fairfield Atlas Annual Report | Balance Sheet for FY 2021-22

Fairfield Atlas Limited (FAIRFIELD ) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Fairfield Atlas Limited

Fairfield Atlas Limited Balance Sheet (Amount in Millions)

PARTICULARS	2021	2020	2019
EQUITY AND LIABILITIES
Share Capital	273.21	273.21	273.21
Other Equity	4,017.77	3,865.84	3,345.04
TOTAL EQUITY	4,290.98	4,139.05	3,618.25
NON-CURRENT LIABILITIES
Employee benefit obligation	87.82	78.71	92.36
Provisions	58.00	32.46	-
TOTAL NON-CURRENT LIABILITIES	145.82	111.17	92.36
CURRENT LIABILITIES
Trade Liabilities
Total outstanding dues of micro-enterprises and small enterprises	113.06	23.57	8.71
Total outstanding dues of creditors other than micro-enterprises and small enterprises	944.80	564.59	788.39
Other financial Liabilities	82.01	100.11	119.96
Employee benefit obligation	37.64	34.73	25.35
Current tax liabilities (net)	-	44.00	0.79
Other Current Liabilities	27.79	21.54	26.49
Short Term Provisions	199.68	199.68	323.98
TOTAL CURRENT LIABILITIES	1,404.98	988.22	1,293.67
TOTAL LIABILITIES	1,550.80	1,099.39	1,386.03
TOTAL EQUITY AND LIABILITIES	5,841.78	5,238.44	5,004.28
ASSETS
NON-CURRENT ASSETS
Property, Plant, and Equipment	1,507.10	1,641.68	1,473.26
Capital Work in Progress	43.90	120.72	166.56
Investment property
Intangible assets	0.35	1.93	166.56
Income tax assets (net)	88.01	70.12	64.30
Deferred tax assets (net)	119.96	83.53	104.39
Other non-current assets	268.08	198.90	404.72
TOTAL NON-CURRENT ASSETS
TOTAL NON-CURRENT ASSETS	2,027.40	2,116.88	2,216.97
Current Assets
Inventories	840.62	726.87	814.06
Financial assets
Loans
Trade Receivables	1,194.62	1,033.31	1,360.78
Cash and cash equivalents	1,460.04	1,127.56	216.55
Bank balances other than (ii) above	43.16	38.26	78.89
Other financial Assets	17.52	6.64	25.84
Contract assets	43.63	-	-
Other current assets	214.79	188.92	291.19
TOTAL CURRENT ASSETS	3,814.38	3,121.56	2,787.31
TOTAL ASSETS	5,841.78	5,238.44	5,004.28

Fairfield Atlas Limited Profit & Loss Statement (Amount In Millions)

Particular	2021	2020	2019
INCOME
Revenue from Operations	4,004.25	4,697.13	6,179.40
Other Income	64.67	317.03	36.92
TOTAL REVENUE	4,068.92	5,014.16	6,216.32
EXPENSES
Cost Of Materials Consumed	2,338.31	2,390.17	3,538.90
Changes in Inventories of finished goods	(173.49)	158.56	(21.42
Employee Benefits Expense	464.41	531.04	494.26
Depreciation and amortization expense	350.84	334.56	281.32
Finance Costs	0.01	0.67	0.79
Other Expenses	882.01	821.86	1,024.91
Provision for contingencies	-	41.03	46.66
TOTAL EXPENSES	3,862.09	4,277.89	5,365.42
PROFIT BEFORE TAX	206.83	736.27	850.90
TAX EXPENSES
Current Tax	92.87	191.99	319.06
Deferred Tax	(36.82)	21.52	(16.46)
TOTAL TAX EXPENSE	56.05	213.51	302.60
PROFIT FOR THE YEAR	150.78	522.76	548.30
OTHER COMPREHENSIVE INCOME
Items that will not be reclassified to profit and loss
Re-measurements of post-employment benefit obligations - gain/(loss)	1.54	(2.62)	(1.42)
Income tax related to the above item	(0.39)	0.66	0.50
OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF TAX	1.15	(1.96)	(0.92)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR	151.93	520.80	547.38
EARNINGS PER EQUITY SHARE
Basic	5.52	19.13	20.07
Diluted	5.52	19.13	20.07

Fairfield Atlas Consolidated Cash Flow Statement for the last three years (In Rs. Crore)

Particulars	31st March 2022	31st March 2021	31st March 2020
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year	146	112.76	21.66
Net Cash from Operating Activities	30.67	50.69	118.77
Net Profit before Tax & Extraordinary Items	68.86	20.68	73.63
Depreciation	33.04	35.08	33.46
Interest (Net)	0	0	-1.69
Others	-1.45	-0.44	-16.56
Total Adjustments (PBT & Extraordinary Items)	31.59	34.64	15.21
Op. Profit before Working Capital Changes	100.45	55.33	88.84
Trade & 0th receivables	-37.79	-16.83	36.12
Inventories	-14.63	-11.38	8.72
Trade Payables	-9.09	45.93	-20.89
Others	22.29	-2.77	21.45
Total (OP before Working Capital Changes)	-39.22	14.96	45.39
Cash Generated from/(used in) Operations	61.23	70.28	134.23
Interest Paid(Net)	-2.97	-4.11	0
Direct Taxes Paid	-27.58	-15.48	-15.46
Total-others	-30.56	-19.59	-15.46
Cash Flow before Extraordinary Items	30.67	50.69	118.77
Net Cash Used in Investing Activities	-41.92	-17.44	-27.61
Purchased of Fixed Assets	-46.17	-22.24	-30.6
Sale of Fixed Assets	1.08	0.67	0.27
Interest Received	3.21	3.93	2.02
Others	-0.03	0.2	0.71
Net Cash Used in Financing Activities	-11.85	0	-0.07
Interest Paid	0	0	-0.07
Others	-11.85	0	0
Net Inc/(Dec) in Cash and Cash Equivalent	-23.1	33.25	91.1
Cash and Cash Equivalents at End of the year	122.91	146	112.76

Summary of cash flow statement for Fairfield Atlas Limited

1. Operating Activities:

- Net Cash from Operating Activities:

- 2022: Rs. 30.67 crore

- 2021: Rs. 50.69 crore

- 2020: Rs. 118.77 crore

Operating activities primarily involve the company 's core business operations. The net cash from operating activities represents the cash generated or used in day-to-day operations. Fairfield Atlas experienced a decrease in net cash from operating activities over the three years, with the highest amount recorded in 2020 and the lowest in 2022.

2. Investing Activities:

- Net Cash Used in Investing Activities:

- 2022: Rs. -41.92 crore

- 2021: Rs. -17.44 crore

- 2020: Rs. -27.61 crore

Investing activities pertain to the acquisition or sale of long-term assets, investments, and other non-current assets. A negative value indicates cash outflows from investments. Fairfield Atlas utilized cash in investing activities in all three years, with the highest amount spent in 2022.

3. Financing Activities:

- Net Cash Used in Financing Activities:

- 2022: Rs. -11.85 crore

- 2021: Rs. 0 crore

- 2020: Rs. -0.07 crore

Financing activities involve raising capital, repaying debt, and distributing dividends. A negative value represents cash outflows related to financing obligations. Fairfield Atlas had cash outflows in financing activities in 2022, while no financing activities were recorded in 2021. In 2020, a negligible amount of cash was utilized in financing activities.

Overall, Fairfield Atlas generated cash from operating activities, utilized cash in investing activities, and had cash outflows in financing activities. It 's important to consider the specific details of each activity to gain a comprehensive understanding of the company 's financial performance.

Funds Flow Statement of Fairfield Atlas Limited (Rs. In crores)

Particulars	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18
Sources of funds
Cash profit	82.18	49.94	85.7	82.13	57.25
Increase in other networth	0	0.12	0	0	0
Increase in loan funds	2.28	0	1.88	0	19.31
Decrease in working capital	0	0	0	10.67	0
Total Inflow	84.46	50.06	87.58	92.8	76.56
Application of funds
Decrease in networth	13.27	0	0.2	0.1	0.62
Decrease in loan funds	0	2.98	0	27.37	0
Increase in gross block	45.52	13.55	45.5	65.35	35.24
Increase in working capital	25.68	33.51	41.88	0	40.69
Total Outflow	84.47	50.04	87.58	92.82	76.55

Fairfield Atlas Limited Dividend History

Particulars	2021	2020	2019
Dividend	Nil	Nil	Nil
Retained Earnings (In Millions)	4,017.77	3,865.84	3,345.04

Fairfield Atlas Limited Recent Performance

Revenue from Operations decreased from Rs. 4,697.13 million in FY 2020 to Rs. 4,004.25 million in FY 2021, showing a decline of 14.75% as compared to the previous financial year.
In FY 2021, Company’s Net profit stood at Rs. 1.15 million, 41.33% against a Net loss of Rs. (1.96) million in FY 2020.
The current Ratio of the company as of 31st March 2021 was 2.71.
The debt to Equity ratio of the company as of 31st March 2021 was 0.36.
The company has not paid any dividends in the last 3 years.

Fairfield Atlas Annual Reports, Balance Sheet and Financials

Fairfield Atlas Limited (FAIRFIELD ) Return Comparision with Primex 40 Index

Fairfield Atlas Limited Balance Sheet (Amount in Millions)

Fairfield Atlas Limited Profit & Loss Statement (Amount In Millions)

Fairfield Atlas Consolidated Cash Flow Statement for the last three years (In Rs. Crore)

Funds Flow Statement of Fairfield Atlas Limited (Rs. In crores)

Fairfield Atlas Limited Dividend History

Fairfield Atlas Limited Recent Performance

Fairfield Atlas Annual Report 2021-22

Fairfield Atlas Annual Report 2020-21

Fairfield Atlas Annual Report 2019-20

Corporate Actions

Reduction of Capital Notice dated 10 may 2021

Most Searched Unlisted & Pre IPO Companies Stocks in India

HDB Financial

NSE India

BIRA

Capgemini

Hero Fincorp

Nayara Energy

OTIS Elevator

Sterlite Power

Care Health

PharmEasy

Philips India

Hexaware

Vikram Solar

Reliance GIC

OYO Rooms

BOAT

Tata Capital

SBI AMC

Swiggy Limited

Waree Energies

Rapido

Incred Holdings

News Alert