Haryana Malleable and Alloy Castings Annual Report | Revenue

Haryana Malleable and Alloy Castings Limited (Haryana Malleable) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Haryana Malleable and Alloy Castings Limited

Haryana Malleable and Alloy Castings Limited Balance Sheet (In Rs)

Particulars	2020	2019
EQUITY AND LIABILITIES
SHAREHOLDERS’ FUNDS
Share Capital	11,96,200.00	1,19,62,000.00
Reserves & Surplus	-88,43,848.85	-1,47,22,776.47
Total	-73,47,648.85	-27,60,776.47
NON-CURRENT LIABILITIES
Long Term Borrowings	2,59,88,088.00	2,59,88,088.00
Long Term Provisions	97,432.00	97,432.00
Total	2,60,85,520.00	2,60,85,520.00
CURRENT LIABILITIES
Short Term Borrowings	-	46,75,355.00
Trade Payables	10,11,03,937.90	48,86,86,352.72
Other Current Liabilities	45,81,104.57	3,64,79,520.99
Short Term Provisions	7,29,475.00	28,33,511.36
Total	10,64,14,517.47	9,26,74,740.07
Total Equity and Liabilities	12,51,52,388.62	11,59,99,483.60
ASSETS
NON-CURRENT ASSETS
Fixed Assets	1,76,62,757.03	1,42,05,936.03
(i) Tangible Assets	-	-
(ii) Intangible Assets	1,76,62,757.03	1,42,05,936.03
Long Term Loans and Advances	3,98,481.00	3,88,481.00
Deferred Tax Assets	6,59,717.00	6,72,738.00
Total	10,58,198.00	10,61,219.00
CURRENT ASSETS
Inventories	8,05,40,408.00	8,53,44,309.00
Trade Receivables	76,67,870.00	43,38,285.00
Cash and Bank Balances	1,19,55,138.57	63,05,355.50
Short Term Loans and Advances	61,42,102.02	47,36,380.07
Other Current Assets	1,25,915.00	8,019.00
Total	10,64,31,433.59	10,07,32,328.57
Total Assets	12,51,52,388.62	11,59,99,483.60

Haryana Malleable and Alloy Castings Limited Profit & Loss Statement (In Rs)

Particulars	2020	2019
INCOME
Revenue from Operations	30,47,36,282.62	32,08,62,322.73
Other Income	-	59,436.00
Total Income	30,47,36,282.62	32,09,21,758.73
EXPENSES
Cost of Materials consumed	24,01,07,643.38	26,49,99,337.15
Changes in Inventories of Finished Goods and Work-in-Progress	2,30,06,405.00	16,05,966.00
Employee Benefits Expenses	9,30,66,050.00	77,59,019.00
Finance Costs	11,966.92	78,747.82
Depreciation and Amortization Expenses	26,01,957.00	24,67,251.00
Other Expenses	3,43,13,681.70	3,39,95,118.09
Total Expenses	30,93,47,704.00	31,09,05,439.06
Profit/(Loss) before Exceptional and Extraordinary Items and Tax	-46,11,421.38	1,00,16,319.67
Exceptional Items
Prior Period Expenses	-	-
Profit/(Loss) before Extraordinary Items and Tax	-46,11,421.38	1,00,16,319.67
Tax expenses:
Current Tax expense for current year	-	24,65,504.00
Current tax expense/ (credit) relating to prior years	-37,570	1,62,629.00
Net current tax expense	-37,570	26,28,133.00
Deferred Tax Expense/(Credit)	13021	2,76,247.00
Total Tax Expenses	-24,549.00	29,04,380.00
Profit/ (Loss) from continuing operations	-45,86,872.38	71,11,939.67
Profit/ (Loss) for the year	-45,86,872.38	71,11,939.67
Earnings per Equity Share:
Basic	-38.35	59.45
Diluted	-38.35	59.45

Haryana Malleable and Alloy Castings Limited Consolidated Cash Flow Statement (In Rs)

Particulars	2020	2019
Cash Flow from Operating Activities
Profit before tax from continuing operations	-46,11,421.38	1,00,16,319.67
Increase in Capital Reserves
Increase in Equity Capital
Depreciation	2601957	2467251
Operating Profit before Working Capital Changes	-20,09,464.38	1,24,83,570.67
Increase/(decrease) in long term provisions	-	-
Increase/(decrease) in trade payables	5,24,17,585.18	2,25,25,767.72
Increase/(decrease) in other current liabilities	-318998416.4	-10816372.35
Increase/(decrease) in short term provisions	-21,04,036.36	2,11,100.36
Decrease/(increase) in inventories	48,03,901.00	-2,75,68,159.00
Decrease/(increase) in Trade receivables	-33,29,585.00	-7,99,449.02
Decrease/(increase) in short term loans & advances	-14,05,721.95	47,13,546.83
Decrease/(increase) in other current assets	1,17,896.00	-7,886.00
Cash Generated From Operations	1,63,56,366.07	7,42,119.21
Tax paid during the year	37,570.00	-26,28,133.00
Net Cash from Operating activities	1,63,93,936.07	-18,86,013.79
Cash Flow from Investing Activities
Purchase of fixed assets	-6058778	-20,75,851.03
Decrease/( increase) in long term loans and advances	-10,000.00	-15,000.00
Net Cash from Investing Activities	-60,68,778.00	-20,90,851.03
Cash Flow from Financing Activities
Increase/ (decrease) in Long term borrowings	-	-14,87,866.00
Increase/ (decrease) in short term borrowings	-46,75,355.00	-
Net Cash from Financing Activities	-46,75,355.00	-14,87,866.00
Net Increase/(Decrease) in Cash and Cash Equivalents	56,49,803.07	-54,64,730.82
Cash & Cash Equivalents at the beginning of the year	63,05,335.50	1,17,70,066.32
Cash & Cash Equivalents at the end of the year	1,19,55,138.57	63,05,335.50

Here is a summary of the Cash Flow Statement for the years 2020 and 2019:

Cash Flow from Operating Activities:

1. Profit before tax from continuing operations: The company experienced a significant decrease in profit before tax from continuing operations, moving from a positive value of INR 100,16,319.67 in 2019 to a loss of INR 46,11,421.38 in 2020.

2. Depreciation: The depreciation increased from INR 24,67,251 in 2019 to INR 26,01,957 in 2020.

3. Operating Profit before Working Capital Changes: Despite the decrease in profit, operating profit before working capital changes dropped substantially from INR 1,24,83,570.67 in 2019 to a loss of INR 20,09,464.38 in 2020.

4. Working Capital Changes: The company experienced a substantial increase in trade payables, other current liabilities, and short-term provisions. On the other hand, there was a decrease in inventories, trade receivables, short-term loans & advances, and other current assets. These changes led to a cash generation from operations of INR 1,63,56,366.07 in 2020 compared to INR 7,42,119.21 in 2019.

5. Tax paid during the year: The company paid taxes amounting to INR 37,570.00 in 2020, while it received a tax benefit of INR 26,28,133.00 in 2019.

6. Net Cash from Operating Activities: Despite the operational challenges, the net cash from operating activities improved significantly, reaching INR 1,63,93,936.07 in 2020 compared to a negative value of INR 18,86,013.79 in 2019.

Cash Flow from Investing Activities:

1. Purchase of fixed assets: The company invested INR 60,68,778.00 in fixed assets in 2020, compared to INR 20,75,851.03 in 2019.

2. Net Cash from Investing Activities: The net cash from investing activities was negative, indicating cash outflow due to investments in fixed assets, amounting to INR -60,68,778.00 in 2020 and -20,90,851.03 in 2019.

Cash Flow from Financing Activities:

1. Long term and short term borrowings: There was no change in long-term borrowings, but there was an increase in short-term borrowings, resulting in a net cash outflow of INR 46,75,355.00 in 2020 and -14,87,866.00 in 2019.

2. Net Cash from Financing Activities: The net cash from financing activities was negative in both years, indicating a cash outflow of INR 46,75,355.00 in 2020 and -14,87,866.00 in 2019.

Net Increase/(Decrease) in Cash and Cash Equivalents:

The company experienced a net increase in cash and cash equivalents of INR 56,49,803.07 in 2020, compared to a decrease of INR 54,64,730.82 in 2019.

Cash & Cash Equivalents:

1. Cash & Cash Equivalents at the beginning of the year: The balance was INR 63,05,335.50 in 2020 and INR 1,17,70,066.32 in 2019.

2. Cash & Cash Equivalents at the end of the year: The balance increased to INR 1,19,55,138.57 in 2020, indicating a positive cash flow.

Financial Ratios (NA)

Dividend History (NA)

Haryana Malleable and Alloy Castings Limited

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Haryana Malleable and Alloy Castings Annual Report and Financials

Haryana Malleable and Alloy Castings Limited (Haryana Malleable) Return Comparision with Primex 40 Index

Haryana Malleable and Alloy Castings Limited Balance Sheet (In Rs)

Haryana Malleable and Alloy Castings Limited Profit & Loss Statement (In Rs)

Haryana Malleable and Alloy Castings Limited Consolidated Cash Flow Statement (In Rs)

Financial Ratios (NA)

Dividend History (NA)

Haryana Malleable and Alloy Castings Limited

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