Goodluck Defence and Aerospace Latest Annual Report, Balance Sheet and Financials

Goodluck Defence and Aerospace Limited Balance Sheet (Rs. In Lakhs)

Goodluck Defence and Aerospace Limited Profit & Loss Statement (Rs. In Lakhs)

Goodluck Defence and Aerospace 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: The Company reported a net profit before tax of 260.54 for the year ending March 31, 2024. There was no prior year figure provided, so it 's not possible to compare.

Adjustment for Interest Income: Interest income of 303.68 was added back to the net profit before tax. This is a non-operational inflow and thus adjusted out to reflect the cash generated purely from operating activities.

Operating Profit before Working Capital Changes: The operating profit before changes in working capital stands at -43.14, indicating an operational loss before accounting for changes in working capital.

Changes in Working Capital:

Increase in Trade Payables: There was a marginal increase of 0.50 in trade payables, suggesting that the company slightly delayed payments to its suppliers.

Increase in Other Payables: The company’s other payables increased by 12.56, implying it accrued more liabilities.

Decrease in Other Receivables: A significant decrease in other receivables of 4635.79 indicates a reduction in amounts owed to the company, which can be due to higher collections or write-offs.

Cash Generated from Operations: The net cash generated from operations was -4665.87. This negative figure suggests that the company spent more on operations than it generated from them.

Income Taxes Paid: Income taxes paid net of refunds amounted to -24.82, a small outflow compared to the overall cash flow.

Net Cash from Operating Activities: The net cash flow from operating activities is -4690.69. This negative cash flow highlights that the company’s core operations are not generating sufficient cash.

Cash Flow from Investing Activities:

Capital Expenditure: The company spent -2030.25 on capital expenditures related to property, plant, and equipment. This indicates investment in long-term assets which might be necessary for future growth but involves a significant cash outflow.

Interest Received: The company received 303.68 in interest, which is included in investing activities as it pertains to income earned on investments or deposits.

Net Cash Used in Investing Activities: The net cash used in investing activities totals -1726.57. This net outflow reflects the company 's investment activities, which are crucial for growth but are cash-consuming in the short term.

Cash Flow from Financing Activities:

Proceeds from Issue of Equity Shares & Warrants: The company raised a substantial amount of 17651.00 through issuing equity shares and warrants. This is a positive inflow indicating successful fundraising efforts.

Payment Related to Share Issue Expenses: There was a payment of -820.61 for share issue expenses, which is a cost associated with the issuance of equity.

Net Cash from Financing Activities: The net cash from financing activities is 16830.39, showing a strong positive cash flow from financing, offsetting the negative cash flows from operations and investing activities.

Net Decrease in Cash and Cash Equivalents: The net decrease in cash and cash equivalents is 10413.13. This figure represents the total net change in cash over the period, indicating an increase in cash balance.

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

At the Beginning of the Year: No data provided for the previous year.

At the End of the Year: The company ended the year with 10413.13 in cash and cash equivalents. This balance indicates that despite negative cash flows from operations and investing activities, the company’s substantial fundraising efforts have resulted in a strong ending cash position.

Financial Ratios of Goodluck Defence and Aerospace Limited

Here is a summary of the financial and operational metrics for Goodluck Defence And Aerospace Limited for the years 2024 and 2023:

Current Ratio:

31-03-2024: 242.13

31-03-2023: Not provided

Insight: The current ratio measures the company 's ability to pay short-term liabilities with its short-term assets. A current ratio of 242.13 is extraordinarily high, suggesting an extremely strong liquidity position. This implies that the company has significantly more current assets relative to its current liabilities. Such a high ratio might indicate an excessively conservative approach, where the company is holding a lot of cash or other liquid assets without effectively utilizing them. Alternatively, it could suggest that the company might be in a strong financial position but may not be investing its resources efficiently or is overly cautious in managing its working capital.

Return on Equity (ROE) Ratio:

31-03-2024: 2.17%

31-03-2023: Not provided

Insight: The ROE ratio measures the profitability of the company in relation to shareholders ' equity. An ROE of 2.17% indicates a relatively low return on equity, suggesting that the company is not generating high profits from its equity capital. This low ROE could be due to a variety of factors such as lower net profits, high equity base, or inefficiencies in using the capital. For investors, a low ROE might be a concern as it implies that the company is not delivering substantial returns on the equity invested by its shareholders.

Return on Capital Employed (ROCE) Ratio:

31-03-2024: 9.67%

31-03-2023: Not provided

Insight: The ROCE ratio evaluates the company 's profitability and efficiency in using its capital employed (which includes equity and debt). An ROCE of 9.67% indicates that the company is generating a reasonable return on its capital. This is a good sign as it shows that the company is using its capital effectively to generate profits. A ROCE of this level is generally considered healthy and suggests that the company is efficient in utilizing its capital to support its operations and growth.