Hutti Gold Mines Annual Reports, Balance Sheet and Financials

Hutti Gold Mines Company Limited Balance Sheet (Rs in Lakhs)

Hutti Gold Mines Company Limited Profit & Loss Statement (Rs in Lakhs)

Hutti Gold Mines Company 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 After Extraordinary Items:

The net profit before tax was ₹26,786.92 in 2017, compared to ₹15,243.07 in 2016. This indicates a significant increase in profitability before considering tax and extraordinary items.

Adjustments for Non-Cash and Non-Operating Items:

Depreciation: Depreciation was ₹1,851.26 in 2017, slightly lower than ₹1,998.33 in 2016. Depreciation is a non-cash expense that spreads the cost of tangible assets over their useful lives.

(Profit) / Loss on Sale / Write-Off of Assets: In 2017, there was a profit of ₹38.91 from the sale or write-off of assets, with no corresponding entry in 2016.

Finance Costs: Finance costs were ₹42.77 in 2017, up from ₹16.21 in 2016. These costs represent interest expenses on borrowings.

Interest Income: Interest income was ₹-4,444.39 in 2017, significantly higher than ₹-3,250.41 in 2016, indicating more interest earnings from investments.

Adjustment of Prior Period Items: No adjustment was made for prior period items in 2017, while ₹117.58 was adjusted in 2016.

Operating Profit Before Working Capital Changes:

The operating profit before changes in working capital was ₹24,196.75 in 2017, compared to ₹14,124.78 in 2016, showing strong operational performance.

Changes in Working Capital:

Inventories: Inventories decreased by ₹-3,164.20 in 2017, whereas there was a significant increase of ₹11,535.76 in 2016.

Trade Receivables: Trade receivables decreased by ₹-166.56 in 2017, compared to a smaller decrease of ₹-98.76 in 2016.

Current Tax Assets (Net): Current tax assets increased by ₹614.43 in 2017, compared to an increase of ₹1,408.53 in 2016.

Other Current Assets: Other current assets decreased by ₹-1,179.86 in 2017, compared to a decrease of ₹-2,575.85 in 2016.

Other Financial Assets: Other financial assets increased by ₹1,648.04 in 2017, compared to a decrease of ₹-2,483.38 in 2016.

Other Non-Current Assets: Other non-current assets decreased by ₹-1,062.97 in 2017, compared to a significant decrease of ₹-15,592.70 in 2016.

Trade Payables: Trade payables decreased by ₹-557.29 in 2017, compared to a decrease of ₹-421.64 in 2016.

Current Tax Liabilities (Net): There was an increase of ₹236.62 in current tax liabilities in 2017, with no corresponding change in 2016.

Other Financial Liabilities: Other financial liabilities decreased by ₹-96.87 in 2017, compared to an increase of ₹335.93 in 2016.

Other Current Liabilities: Other current liabilities increased significantly by ₹2,853.01 in 2017, compared to a minor increase of ₹50.81 in 2016.

Provisions: Provisions decreased by ₹-1,525.14 in 2017, compared to a decrease of ₹-890.30 in 2016.

Cash Generated from Operations:

The cash generated from operations was ₹21,973.05 in 2017, significantly higher than ₹5,394.90 in 2016, indicating better cash generation from core activities.

Net Income Tax Paid / Refunds:

Net income tax paid was ₹-6,145.00 in 2017, compared to ₹-4,000.00 in 2016, representing the outflow for tax obligations.

Net Cash Flow from Operating Activities:

The net cash flow from operating activities was ₹15,828.05 in 2017, significantly higher than ₹1,394.90 in 2016, indicating improved operational efficiency and cash management.

Cash Flow from Investing Activities

Capital Expenditure on Property, Plant & Equipment:

Capital expenditure was ₹-6,619.34 in 2017, compared to ₹-5,113.69 in 2016, indicating higher investments in fixed assets.

Interest Received:

Interest received was ₹4,444.39 in 2017, up from ₹3,250.41 in 2016, showing increased earnings from investments.

Term Deposits:

Term deposits saw an outflow of ₹-3,406.10 in 2017, compared to a significant inflow of ₹18,406.10 in 2016, indicating a shift in investment strategy.

(Profit) / Loss on Sale / Write-Off of Assets:

There was a profit of ₹38.91 from the sale or write-off of assets in 2017, with no corresponding entry in 2016.

Net Cash Flow from Investing Activities:

The net cash flow from investing activities was ₹-5,542.15 in 2017, compared to ₹16,542.81 in 2016, indicating a net cash outflow due to higher investments and lower returns from term deposits.

Cash Flow from Financing Activities

Finance Cost:

Finance cost was ₹-42.77 in 2017, compared to ₹-16.21 in 2016, reflecting increased interest expenses on borrowings.

Dividend & Tax on Dividend Paid:

Dividend and tax on dividends paid were ₹-3,314.27 in 2017, compared to ₹-4,448.56 in 2016, indicating a reduction in dividend payments.

Net Cash Flow from Financing Activities:

The net cash flow from financing activities was ₹-3,357.04 in 2017, compared to ₹-4,464.76 in 2016, indicating lower cash outflows for financing activities.

Net Increase in Cash and Cash Equivalents

Net Increase in Cash and Cash Equivalents:

The net increase in cash and cash equivalents was ₹6,928.87 in 2017, compared to ₹13,472.95 in 2016, indicating a positive but lower net cash inflow.

Cash and Cash Equivalents at the Beginning of the Year:

The opening balance of cash and cash equivalents was ₹23,386.18 in 2017, compared to ₹9,913.23 in 2016, reflecting the previous year 's ending balance.

Cash and Cash Equivalents at the End of the Year:

The closing balance of cash and cash equivalents was ₹30,315.04 in 2017, up from ₹23,386.18 in 2016, indicating a healthy cash reserve.

Financial Ratios of Hutti Gold Mines Company Limited

Here is a summary of the financial and operational metrics for Hutti Gold Mines Company Limited for the year 2023 & 2022:

Current Ratio:

2023: 5.97

2022: 6.07

Insight: The current ratio has slightly decreased but remains high, indicating that the company has a strong liquidity position and can easily meet its short-term obligations.

Return on Equity (ROE):

2023: 11.73%

2022: 7.09%

Insight: The ROE has improved significantly, indicating that the company is generating higher profits from its shareholders ' equity compared to the previous year.

Inventory Turnover Ratio:

2023: 4.46

2022: 2.73

Insight: The inventory turnover ratio has increased, suggesting that the company is managing its inventory more efficiently and converting it into sales more quickly.

Trade Payables Turnover Ratio:

2023: 26.92

2022: 17.81

Insight: The trade payables turnover ratio has increased, indicating that the company is paying off its suppliers more frequently. This might be a sign of strong supplier relationships or improved cash flow management.

Net Capital Turnover Ratio:

2023: 0.87

2022: 0.64

Insight: The net capital turnover ratio has improved, showing that the company is generating more sales per unit of net capital employed, indicating better utilization of its capital.

Net Profit Ratio:

2023: 25.43%

2022: 18.87%

Insight: The net profit ratio has increased significantly, indicating that the company is more profitable and able to convert a higher percentage of its revenue into actual profit.

Return on Capital Employed (ROCE):

2023: 15.89%

2022: 9.72%

Insight: The ROCE has improved, indicating that the company is more efficiently using its capital to generate earnings before interest and taxes.

Dividend History

Hutti Gold Mines Company Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2023 and 2022 is Rs. 801.48 & 1125.88, Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2023 amounted to Rs. 1,48,682.65 Lakhs, while in 2022, they were Rs. 1,34,725.79 Lakhs. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance.