Fedders Electric Latest Annual Report, Balance Sheet and Financials

Fedders Electric and Engineering Limited Balance Sheet (Rs in Crores)

Fedders Electric and Engineering Limited Profit & Loss Statement (Rs in Crores)

Fedders Electric and Engineering Limited Consolidated Cash Flow Statement (Rs in Crores)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Net Profit before Tax: In the year ending March 31, 2023, the company reported a net profit before tax of ₹22.83, which is substantially lower than the ₹747.04 reported in the previous year ending March 31, 2022.

Adjustments: The company made several adjustments, including depreciation, interest expenses, interest income, exceptional income, and profit on the sale of fixed assets. These adjustments help in reconciling the reported net profit with the actual cash flow generated from operating activities.

Operating Profit before Working Capital Changes: After adjusting for the aforementioned items, the operating profit before changes in working capital was ₹22.18 in 2023, significantly lower than the ₹35.67 reported in 2022.

Changes in Working Capital: There were changes in various working capital components, such as trade and other receivables, inventories, loans and advances, other financial assets, other current assets, other financial liabilities, other current liabilities, provisions, and trade and other payables. These changes impacted the cash flow from operating activities.

Net Cash Flow from Operating Activities: After considering the operating profit and adjustments in working capital, the net cash flow from operating activities was -₹30.22 in 2023 and -₹61.47 in 2022. The negative figures indicate a net outflow of cash from operating activities in both years.

Cash Flow from Investing Activities: The company engaged in various investing activities such as the purchase/sale of property, plant, and equipment, sale of investments, and increases in other investments. The net cash flow from investing activities was -₹6.04 in 2023 and ₹65.20 in 2022.

Cash Flow from Financing Activities: There were proceeds from borrowings and share capital/warrants, as well as payments for interest. The net cash flow from financing activities was ₹29.19 in 2023 and -₹3.63 in 2022.

Net Increase in Cash and Cash Equivalents: After considering cash flows from operating, investing, and financing activities, there was a net decrease in cash and cash equivalents of -₹7.07 in 2023 and an increase of ₹0.10 in 2022.

Cash and Cash Equivalents at the Beginning and End of the Year: The cash and cash equivalents at the beginning of the year were ₹11.08 in 2023 and ₹10.98 in 2022. By the end of the year, cash and cash equivalents decreased to ₹4.01 in 2023 and increased to ₹11.08 in 2022.

Financial Ratios of Fedders Electric and Engineering Limited:

Here is a summary of the financial and operational metrics for Fedders Electric and Engineering Limited for the year 2023 and 2022:

Current Ratio: The current ratio decreased from 7.86 in 2022 to 2.75 in 2023. While the current ratio is still above 1.0 in both years, indicating the company 's ability to cover its short-term liabilities with its current assets, the significant decrease suggests a potential decrease in liquidity or a change in the company 's asset structure.

Debt to Equity Ratio: The debt-to-equity ratio increased from 0.02 in 2022 to 0.23 in 2023. This indicates that the company has increased its reliance on debt financing relative to equity. While the ratio is still relatively low, the increase may warrant attention as it signifies a shift in the company 's capital structure.

Debt Service Coverage Ratio: The debt service coverage ratio decreased significantly from 6680.65 in 2022 to 165.45 in 2023. Such a high ratio in 2022 indicates a strong ability to cover debt obligations with operating income, while the decrease in 2023 suggests a potential decline in profitability or an increase in debt obligations.

Return on Equity (ROE): The return on equity decreased from 6.57% in 2022 to 0.17% in 2023. This indicates a significant reduction in the company 's profitability relative to shareholders ' equity. The decrease in ROE suggests lower efficiency in generating profits from shareholder investments.

Trade Receivables Turnover Ratio: The trade receivables turnover ratio increased from 1.22 in 2022 to 1.80 in 2023. This suggests that the company is collecting its receivables at a faster rate in 2023 compared to the previous year, which may positively impact cash flow and liquidity.

Trade Payables Turnover Ratio: The trade payables turnover ratio decreased from 15.62 in 2022 to 12.22 in 2023. A decrease in this ratio indicates that the company is taking longer to pay its trade payables in 2023 compared to the previous year, potentially affecting relationships with suppliers.

Net Capital Turnover Ratio: The net capital turnover ratio increased from 0.78 in 2022 to 1.51 in 2023. This indicates an improvement in the company 's efficiency in generating revenue relative to its capital employed.

Net Profit Ratio: The net profit ratio decreased significantly from 16.11% in 2022 to 0.20% in 2023. This suggests a substantial decrease in the company 's profitability relative to its total revenue.

Return on Capital Employed (ROCE): The return on capital employed decreased from 5.96% in 2022 to 0.18% in 2023. This indicates a significant decrease in the company 's ability to generate profits from its capital investments.

Return on Investment (ROI): The return on investment remained relatively stable at 6.57% in both 2022 and 2023.

Dividend History of Fedders Electric and Engineering Limited: