G G Automotive Gears Latest Annual Report, Balance Sheet and Financials

G.G Automotive Gears Limited Balance Sheet (Rs in Lakhs)

G.G Automotive Gears Limited Profit & Loss Statement (Rs in Lakhs)

G.G Automotive Gears Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Cash Flow from Operating Activities:

Net profit before tax and extraordinary items: The company reported a net profit before tax and extraordinary items of ₹181.45 in 2023, compared to ₹41.72 in 2022.

Adjustments for non-cash items and other income/expenses:

Depreciation: Depreciation expenses were ₹358.69 in 2023 and ₹323.07 in 2022, reflecting the cost of using the company 's fixed assets.

Interest paid: The company paid interest amounting to ₹262.61 in 2023 and ₹234.05 in 2022.

Interest and dividend received: Interest and dividends received were -₹21.83 in 2023 and -₹11 in 2022, indicating income from investments.

Operating profit before working capital changes: After adjustments, the operating profit before working capital changes was ₹780.91 in 2023, up from ₹587.84 in 2022.

Adjustments for working capital changes:

Trade and other receivables: There were a decrease in trade and other receivables by -₹126.67 in 2023, compared to a decrease of -₹1.1 in 2022, indicating a higher collection of receivables.

Inventories: Inventories increased by -₹334.26 in 2023, compared to a larger increase of -₹597.97 in 2022, showing a slower accumulation of stock.

Trade and other payables: There were an increase in trade and other payables by ₹189.13 in 2023, compared to an increase of ₹505.65 in 2022, reflecting changes in the company 's liabilities to suppliers.

Cash generated from operations: The cash generated from operations was ₹509.11 in 2023 and ₹494.43 in 2022.

Direct tax paid: The company paid direct taxes amounting to -₹7.62 in 2023 and -₹21.62 in 2022.

Net cash from operating activities: The net cash generated from operating activities was ₹501.49 in 2023, compared to ₹472.81 in 2022.

Cash Flow from Investing Activities:

Sale of fixed assets (Net): The proceeds from the sale of fixed assets were ₹150.09 in 2023, up significantly from ₹14.32 in 2022.

Purchase of fixed assets: The company purchased fixed assets worth -₹987.6 in 2023, a substantial increase from -₹324.75 in 2022.

Capital WIP, Cap. Adv. & Pre-op. Exps.: There was a positive adjustment of ₹104.46 in 2023, compared to -₹133.28 in 2022.

Interest received: Interest income was ₹21.83 in 2023, up from ₹11 in 2022.

Investment/ disinvestment in Fixed deposit: The net effect of investment/disinvestment in fixed deposits was ₹260.84 in 2023, compared to -₹337.14 in 2022.

Net cash from investing activities: The net cash used in investing activities was -₹450.38 in 2023, an improvement from -₹769.84 in 2022.

Cash Flow from Financing Activities:

Payment of lease liability: Payments made towards lease liabilities were -₹10.34 in 2023, slightly up from -₹9.38 in 2022.

Repayment of borrowings: The company repaid borrowings amounting to -₹542.59 in 2023, compared to -₹345.18 in 2022.

Proceeds from borrowings: Proceeds from new borrowings were ₹765.32 in 2023, down from ₹875.05 in 2022.

Interest paid: Interest payments were -₹262.61 in 2023, up from -₹234.05 in 2022.

Net cash from financing activities: The net cash from financing activities was -₹50.22 in 2023, compared to ₹286.44 in 2022.Net Increase in Cash and Cash Equivalents:

There was a slight net increase in cash and cash equivalents by ₹0.89 in 2023, compared to a decrease of -₹10.59 in 2022.

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

At the beginning of the year: Cash and cash equivalents were ₹9.92 at the beginning of 2023 and ₹20.51 at the beginning of 2022.

At the end of the year: Cash and cash equivalents were ₹10.81 at the end of 2023, up from ₹9.92 at the end of 2022.

Financial Ratios of G.G Automotive Gears Limited

Here is a summary of the financial and operational metrics for G.G Automotive Gears Limited for the year 2023 & 2022:

Current Ratio: The current ratio increased from 1.06 in 2022 to 1.15 in 2023. This indicates a slight improvement in the company 's ability to cover its short-term liabilities with its current assets, suggesting a better liquidity position.

Debt-Equity Ratio: The debt-equity ratio decreased from 1.56 in 2022 to 1.52 in 2023. This small reduction indicates that the company has slightly reduced its reliance on debt financing relative to equity, which generally points to a more stable capital structure.

Debt Service Coverage Ratio: The debt service coverage ratio increased significantly from 1.52 in 2022 to 2.94 in 2023. This substantial improvement suggests that the company is now much better positioned to cover its debt obligations with its operating income.

Return on Equity (ROE): The return on equity ratio increased from 0.02 in 2022 to 0.09 in 2023. Although the ROE is still relatively low, this improvement indicates that the company is generating a higher return on shareholders ' equity compared to the previous year.

Inventory Turnover Ratio: The inventory turnover ratio increased from 2.95 in 2022 to 3.42 in 2023. This suggests better inventory management or higher sales efficiency, as the company is selling and replacing its inventory more frequently.

Trade Receivable Turnover Ratio: The trade receivable turnover ratio increased from 5.66 in 2022 to 6.17 in 2023. This improvement indicates that the company is collecting its receivables more quickly, enhancing its cash flow management.

Trade Payable Turnover Ratio: The trade payable turnover ratio increased from 5.7 in 2022 to 6.54 in 2023. This suggests that the company is paying its suppliers more frequently, which could improve supplier relationships and may indicate better cash flow management.

Net Capital Turnover Ratio: The net capital turnover ratio decreased from 25.93 in 2022 to 17.91 in 2023. This decrease suggests that the company is generating less revenue per unit of net capital employed, indicating a decline in capital efficiency.

Net Profit Ratio: The net profit ratio increased from 0.01 in 2022 to 0.03 in 2023. While still low, this improvement indicates that the company is generating a slightly higher profit margin on its sales.

Return on Capital Employed (ROCE): The return on capital employed increased from 0.12 in 2022 to 0.17 in 2023. This suggests that the company is generating higher returns from its capital employed, indicating improved efficiency and profitability.