AMNS Ports India Annual Reports, Balance Sheet and Financials

AMNS Ports India Limited Balance Sheet (Rs in Crores)

 AMNS Ports India Limited Profit & Loss Statement (Rs in Crores)

 AMNS Ports India Limited Consolidated Cash Flow Statement (Rs in Crores)

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

Cash Flow from Operating Activities:

The company reported a net cash inflow from operating activities of ₹4.79 crores in FY 2024, an improvement from a net outflow of ₹2.24 crores in FY 2023. Despite reporting a loss before tax of ₹9.68 crores in FY 2024 (worse than the loss of ₹5.88 crores in FY 2023), the company managed to generate positive operating cash flows mainly due to adjustments such as finance costs (₹17.98 crores) and depreciation and amortization expenses (₹3.47 crores). These non-cash expenses offset the reported losses and contributed to a positive operating profit before working capital changes of ₹11.72 crores. However, changes in working capital, particularly a decrease in trade receivables and other financial assets, slightly reduced the operating cash flow. Nonetheless, the overall positive cash inflow from operations reflects improved operational efficiency or better management of working capital.

Cash Flow from Investing Activities:

Investing activities resulted in a net cash outflow of ₹85.42 crores in FY 2024, a significant decline from the net inflow of ₹61.98 crores in FY 2023. The outflow is primarily attributed to the purchase of fixed assets amounting to ₹85.45 crores, indicating substantial capital expenditure, likely for business expansion or asset upgrades. In contrast, FY 2023 saw positive cash flow from investing activities due to proceeds from the repayment of inter-corporate deposits, which was not repeated in FY 2024. The absence of major inflows from asset sales or inter-corporate deposits in FY 2024 led to a considerable cash outflow in this segment.

Cash Flow from Financing Activities:

Financing activities generated a net cash inflow of ₹78.98 crores in FY 2024, reversing the net outflow of ₹58.44 crores in FY 2023. The primary source of this inflow was the receipt of an inter-corporate deposit of ₹90 crores from a related party, which more than offset the finance costs paid (₹11.02 crores). In contrast, FY 2023 saw significant outflows due to the repayment of a Foreign Currency Bond (FCB) loan amounting to ₹177.37 crores, leading to the negative net cash flow from financing activities during that year.

Net Increase in Cash and Cash Equivalents:

As a result of these activities, there was a net decrease in cash and cash equivalents by ₹1.64 crores in FY 2024, compared to an increase of ₹1.31 crores in FY 2023. The cash balance at the end of FY 2024 stood at ₹0.28 crores, down from ₹1.92 crores at the end of FY 2023, reflecting the substantial capital expenditures and the cash flows from financing activities.

Financial Ratios of AMNS Ports India Limited

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

Current Ratio:

The current ratio is a measure of the company’s ability to pay off its short-term liabilities with its short-term assets. A drastic decline from 50.1 in 2023 to 0.1 in 2024 suggests a severe deterioration in liquidity. A current ratio of 0.1 means that the company has only 10% of the assets needed to cover its short-term liabilities, indicating significant liquidity issues and potential difficulties in meeting its obligations as they come due.

Debt-Equity Ratio:

The debt-equity ratio measures the company’s financial leverage by comparing its total debt to shareholders' equity. It slightly increased from 0.07 in 2023 to 0.11 in 2024, indicating a modest increase in the company’s reliance on debt financing relative to equity. While this level of debt is still low, the increase suggests a slightly higher risk profile, though the company remains conservatively leveraged.

Debt Service Coverage Ratio (DSCR):

The DSCR measures the company’s ability to service its debt with its operating income. An increase from 0.03 in 2023 to 0.15 in 2024 shows some improvement in the company’s ability to cover its debt obligations, though a DSCR of 0.15 is still very low. This indicates that the company’s earnings are insufficient to fully cover its debt payments, which could lead to liquidity challenges and potential default risks if the situation does not improve.

Return on Equity (ROE):

ROE measures the profitability of a company in relation to shareholders' equity. The ROE of -0.01 in 2024 (compared to no value in 2023) indicates a negative return, meaning the company is generating a loss rather than a profit. This is a concerning sign for shareholders, as it reflects the company’s inability to generate positive returns on their investments.

Trade Receivables Turnover Ratio:

This ratio indicates how effectively the company collects payments from its customers. The significant increase from 2.03 in 2023 to 6.15 in 2024 suggests that the company is now collecting receivables much more efficiently. A higher turnover ratio is generally positive, as it indicates that the company is converting its receivables into cash faster, improving cash flow.

Trade Payables Turnover Ratio:

This ratio measures how quickly the company is paying off its suppliers. The sharp increase from 1.14 in 2023 to 9.02 in 2024 indicates that the company is settling its payables much more rapidly. While this can be seen as a positive sign of the company’s ability to meet its obligations, it could also suggest tighter cash management or pressure from suppliers to pay quickly.

Net Capital Turnover Ratio:

This ratio measures how effectively a company uses its working capital to generate revenue. The drastic drop from 2.11 in 2023 to -0.2 in 2024 is alarming. A negative ratio indicates that the company is not only inefficient in using its working capital to generate sales but also potentially destroying value, as the revenues are not sufficient to cover the working capital.

Net Profit Ratio:

The net profit ratio measures the percentage of revenue that translates into profit. The ratio declined from -0.64 in 2023 to -1.11 in 2024, indicating that the company’s losses as a percentage of revenue have worsened. This decline suggests increasing inefficiencies or higher costs relative to revenues, leading to deeper financial losses.

Dividend history

Directors have not declared any dividend during the financial year under review.