Gannon Dunkerley Annual Reports, Balance Sheet and Financials

Balance sheet of Gannon Dunkerley and Company Limited for the year 2023

 Gannon Dunkerley and Company Limited Profit & Loss Statement (Rs in Lakhs)

 Gannon Dunkerley and Company Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Operating Activities: Net profit increased significantly from 2022 to 2023, indicating improved profitability. Depreciation and amortization expenses increased, possibly due to higher investments in fixed assets. Income tax expenses also increased, which could be attributed to higher profits.Net foreign exchange loss decreased, reflecting better management of foreign currency transactions. The loss/profit on the sale of property, plant & equipment was recorded only in 2023.Sundry balances written off in 2022 significantly impacted the net profit. Despite an increase in operating profit before working capital changes, there was a decrease in cash generated from operations in 2023, mainly due to adverse changes in working capital.

Investing Activities: The purchase of property, plant & equipment decreased in 2023 compared to 2022.Interest received remained relatively stable.

Financing Activities: Significant changes were observed in borrowing activities, with a notable increase in proceeds from loans borrowed in 2023. Interest paid decreased, indicating possibly lower borrowing costs. Dividend paid was recorded only in 2022.

Net Cash Flow: Despite the increase in net cash from operating activities in 2023, the overall net increase in cash and cash equivalents was positive in 2023 compared to a significant negative in 2022.The ending cash and cash equivalents increased in 2023, indicating improved liquidity compared to the previous year.

Gannon Dunkerley And Company Limited ratios for the year 2022-2023

 Current Ratio: The current ratio improved from 1.07 in 2022 to 1.12 in 2023. This suggests that the company's ability to cover short-term liabilities with its short-term assets has slightly improved. However, it's still relatively close to 1, indicating a potential liquidity concern.

Debt-Equity Ratio: The debt-equity ratio increased from 1.72 in 2022 to 1.88 in 2023. This indicates a higher proportion of debt relative to equity in financing the company's assets. While this might suggest increased financial risk, it could also indicate leveraging for growth opportunities.

Debt Service Coverage Ratio: The debt service coverage ratio decreased from 0.27 in 2022 to 0.22 in 2023. This indicates a reduced ability to cover debt obligations from operating income. A lower ratio raises concerns about the company's ability to service its debt efficiently.

Return on Equity Ratio: The return on equity ratio decreased significantly from 3.3% in 2022 to 1.08% in 2023. This suggests a decline in the company's ability to generate profit from shareholder equity. It indicates decreased profitability relative to the shareholders' investment.

Inventory Turnover Ratio: The inventory turnover ratio increased slightly from 31.32 days in 2022 to 32.14 days in 2023. This suggests a marginal improvement in the efficiency of inventory management, as it takes slightly less time to sell inventory.

Trade Receivables Turnover Ratio: The trade receivables turnover ratio increased from 275.44 days in 2022 to 316.89 days in 2023. This indicates that it took the company longer to collect its accounts receivable in 2023 compared to 2022, which might signal issues with credit policies or difficulties in collecting payments from customers.

Trade Payables Turnover Ratio: The trade payables turnover ratio increased from 200.3 days in 2022 to 210.2 days in 2023. This indicates that the company took slightly longer to pay its suppliers in 2023 compared to 2022, which could affect its supplier relationships.

Net Capital Turnover Ratio: The net capital turnover ratio decreased significantly from 11.1 times in 2022 to 5.6 times in 2023. This suggests a decline in the efficiency of utilizing capital to generate sales revenue.

Net Profit Ratio: The net profit ratio decreased from 1.12% in 2022 to 0.39% in 2023. This indicates a decline in the company's profitability, with a lower proportion of net profit relative to total revenue in 2023 compared to 2022.

Return on Capital Employed: The return on capital employed decreased from 5.12% in 2022 to 4.55% in 2023. This suggests a decline in the efficiency of utilizing capital employed to generate profits.

 Construction Industry overview

The government's concentration on infrastructure development, rising foreign investment, fast urbanisation, and the sector's own growth are all contributing to India's construction industry's amazing rise. Budget 2023, which gave the construction industry top priority and allocated a sizeable amount of approximately Rs. 10 trillion (US$ 120.5 billion) for infrastructure, serves to bolster the momentum even more. Furthermore, the goal of the government's GST simplification is to bolster the real estate industry by improving its accessibility and resilience.
The construction industry had significant growth in 2023, mostly as a result of government investments meant to finish major infrastructure projects in time for the 2024 elections. Furthermore, it is anticipated that in the upcoming years, investments in housing, transportation, and power projects would further encourage industry expansion. Furthermore, the emphasis on investments in the renewable energy industry aligns with the government's goal of raising the sector's capacity for renewable energy by 2030, indicating further room for expansion. In 2023, the construction industry in India was projected to have a market value of approximately $778 billion. From 2024 to 2033, it is anticipated to expand at a compound annual growth rate of 6%, reaching US$ 1.393 trillion.

FAQ related to Gannon Dunkerley and Company Limited 

Q.1 Do Gannon Dunkerley and company limited is public or private?

Gannon Dunkerley And Company Limited is a Public incorporated on 11 March 1924. It is classified as non-government company.

Q.2 Do Gannon and drunkenly company is listed or unlisted?

Gannon Dunkerley & Company Limited is an unlisted public company that was initially set up as a Private Ltd. Company in 1924

Q.3 what is the main work of Gannon and drunkenly company limited is?

Gannon Dunkerley and Company Limited provides industrial construction services. The Company offers civil, mechanical, and electrical construction services for energy, petrochemical, steel, cement, and textile industrie