Frick India Annual Report, Revenue & Financials

Frick India Limited Balance Sheet (Rs in Lakhs)

Frick India Limited Profit & Loss Statement (Rs in Lakhs)

Frick India Limited Consolidated Cash Flow Statement (Rs in Lakhs)

 Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities

Net Profit Before Tax

2024: ₹5,292.71

2023: ₹3,856.46

The net profit before tax has increased significantly from ₹3,856.46 in 2023 to ₹5,292.71 in 2024, indicating a strong growth in profitability.

Adjustments for Non-Cash Items

Depreciation: Increased from ₹206.24 to ₹229.60, reflecting more significant wear and tear on assets.

Amortization Expenses: Decreased slightly from ₹9.13 to ₹8.79.

Profit/Loss on Sale of Property, Plant & Equipment: The company reported a loss of ₹17.78 in 2024 compared to a minimal gain of ₹0.20 in 2023.

Property, Plant & Equipment Discarded: The discard of assets was ₹0.36 in 2023, with no such entries in 2024.

Bad Debts: Decreased from ₹151.17 to ₹91.86, suggesting improved collection or fewer bad debts.

Provision for Expected Credit Losses: Reduced from a provision of ₹195.88 to a reversal of ₹15.42, indicating better credit management.

Provision for Irrecoverable Advance: Created a provision of ₹195.51 in 2024 with no such provision in 2023.

Unrealized Gain/Loss on Foreign Exchange Fluctuation: The loss has increased from ₹20.38 to ₹34.81, likely due to adverse currency movements.

Liability No Longer Required Written Back: Increased from a reversal of ₹43.37 to ₹207.88, possibly reflecting a reassessment of liabilities.

Interest and Dividend Received: Both items increased, with interest received rising from ₹488.22 to ₹625.55, and dividends slightly increasing from ₹7.37 to ₹6.72.

Profit/Loss on Sale of Investment: The loss on non-current investments decreased from ₹37.73 to ₹35.51.

Unrealized Gain/Loss on Investments: Significant increase in loss from ₹32.06 to ₹417.72, possibly due to unfavorable market conditions.

Operating Profit Before Working Capital Changes

2024: ₹4,813.78

2023: ₹3,988.82

The operating profit before working capital changes has increased, reflecting improved operational efficiency and profitability.

Changes in Working Capital

Trade Receivables: Increased in 2024 by ₹2,867.76 compared to a decrease in 2023, suggesting slower collection of receivables.

Inventories: Increased by ₹200.87 in 2024, compared to a substantial decrease in 2023, possibly indicating higher stock levels.

Other Financial Assets and Liabilities: Net increase in outflow of ₹635.07 compared to ₹329.11 in 2023, indicating a change in asset and liability management.

Cash Generated from Operations

2024: ₹1,506.72

2023: ₹2,634.34

Cash generated from operations decreased, reflecting increased working capital requirements or lower operational cash flow.

Direct Taxes Paid

2024: ₹1,364.79

2023: ₹861.82

Higher tax payments in 2024 due to increased profitability.

Net Cash Generated from Operating Activities

2024: ₹141.93

2023: ₹1,772.52

Significant drop in net cash from operating activities, mainly due to increased working capital requirements and higher tax payments.

Cash Flow from Investing Activities

Interest and Dividend Received

Interest Received: Increased from ₹291.71 to ₹609.91.

Dividend Received: Slightly decreased from ₹7.37 to ₹6.72.

Investments in Property, Plant & Equipment

2024: ₹381.65

2023: ₹213.07

Increased expenditure on property, plant, and equipment, indicating expansion or upgrading of assets.

Purchase of Intangible Assets

2024: ₹8.60

2023: ₹2.70

Increased expenditure on intangible assets.

Sale of Property, Plant & Equipment

2024: ₹21.19

2023: ₹0.66

Higher proceeds from sales of assets in 2024.

Movement in Other Bank Balances

2024: ₹513.70

2023: -₹2,979.47

Positive movement in 2024 indicates an increase in bank balances, reversing a significant outflow in 2023.

Purchase/Sale of Investments

2024: ₹702.92

2023: ₹616.86

Increased outflow on investments, reflecting higher investment activities.

Net Cash from/ (Used in) Investing Activities

2024: ₹58.35

2023: -₹3,512.36

Improvement from a net outflow to a positive cash flow, indicating better investment cash flow management.

Cash Flow from Financing Activities

Dividend Paid

2024: ₹24

2023: ₹18

Increased dividend payments, reflecting higher distribution to shareholders.

Finance Cost

2024: ₹271.76

2023: ₹148.51

Increased finance costs, possibly due to higher borrowings or interest rates.

Proceeds/Repayments from Borrowings

Short-term Borrowings: Increased inflow in 2024 (₹329.07) compared to 2023.

Long-term Borrowings: Increased inflow in 2024 (₹50.67) compared to 2023.

Net Cash from/ (Used in) Financing Activities

2024: ₹83.98

2023: -₹1.66

Improvement from a small outflow to a positive cash flow, indicating better management of financing activities.

Net Cash Flow During the Year

2024: ₹284.26

2023: -₹1,741.50

Significant improvement in net cash flow, indicating a strong recovery from a negative cash flow in the previous year.

Cash & Cash Equivalents

Opening Balance

2024: ₹131.45

2023: ₹1,872.95

Closing Balance

2024: ₹415.71

2023: ₹131.45

The closing balance increased significantly, reflecting a substantial positive cash flow and improved liquidity position.

Financial Ratios of Frick India Limited

Here is a summary of the financial and operational metrics for Frick India Limited for the year 2024 & 2023:

Current Ratio

2024: 2.97

2023: 2.67

Insight: The current ratio has improved, indicating better short-term liquidity. The company has a stronger cushion of current assets relative to current liabilities, which suggests it can better cover short-term obligations.

Debt Equity Ratio

2024: 0.08

2023: 0.07

Insight: The debt equity ratio has slightly increased but remains very low. This suggests the company is maintaining a conservative approach towards leveraging, with minimal debt compared to equity.

Debt Service Coverage Ratio

2024: 41.04

2023: 97.48

Insight: There is a significant decrease in the debt service coverage ratio, which indicates a reduced ability to cover debt obligations from operating income. This decline warrants closer examination of cash flows and potential increases in debt servicing requirements.

Return on Equity (ROE)

2024: 16.75%

2023: 13.10%

Insight: The ROE has improved, suggesting better profitability relative to shareholders ' equity. This is a positive indicator of the company 's effectiveness in generating returns for shareholders.

Inventory Turnover Ratio

2024: 5.41

2023: 4.8

Insight: The inventory turnover ratio has increased, indicating more efficient management of inventory. The company is selling and replenishing inventory more frequently.

Trade Receivable Ratio

2024: 4.83

2023: 4.49

Insight: The increase in trade receivable ratio suggests a longer average collection period for receivables. This may imply a potential issue with collecting payments, which could impact liquidity if not managed properly.

Trade Payable Ratio

2024: 14.19

2023: 14.36

Insight: The trade payable ratio has slightly decreased, suggesting a marginal improvement in the time the company takes to pay its suppliers. This could reflect better supplier management or improved cash flow management.

Net Capital Turnover Ratio

2024: 2.43

2023: 2.31

Insight: The net capital turnover ratio has increased, indicating improved efficiency in using capital to generate sales. This suggests effective capital utilization.

Net Profit Ratio

2024: 8.79%

2023: 7.86%

Insight: The net profit ratio has improved, which is a positive sign of increased profitability. The company is converting a larger portion of sales into actual profit.

Return on Capital Employed (ROCE)

2024: 18.33%

2023: 15.77%

Insight: The increase in ROCE suggests that the company is using its capital more effectively to generate profits. This indicates improved operational efficiency and profitability.

Return on Investment (ROI)

2024: 33.22%

2023: 5.42%

Insight: The significant increase in ROI is remarkable and indicates a substantial improvement in the returns generated on investments. This could be a result of successful investments or operational improvements.