India Carbon Annual Report | Balance Sheet

India Carbon Limited (India Carbon) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
India Carbon Limited

India Carbon Limited Balance Sheet (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
ASSETS
Non-current Assets
Property, Plant and Equipment	1,925.37	1,535.30
Capital work-in-progress	367.55	704.42
Intangible Assets	1.67	2.6
Investments	28,639.55	20,113.57
Other Financial Assets	62.87	64.56
Other non-current assets	40.11	40.68
Current Assets
Inventories	8,191.28	21,165.97
Investments	5,467.52	317.48
Trade Receivables	1,635.63	4,656.04
Cash and cash equivalents	2,919.93	1,262.87
Other Bank Balances	219.06	1,025.58
Other financial assets	318.53	342.89
Other Current Assets	3,546.26	4,981.78
Total Assets	53,335.33	56,213.72
EQUITY AND LIABILITIES
Equity Share Capital	265	265
Other Equity	51,913.30	43,141.39
Total Equity	52,178.30	43,406.39
Non-current liabilities
Provisions	41.29	40.65
Deferred Tax Liabilities (Net)	225.45	98.24
Current Liabilities
Borrowings	-	11,500.00
Trade Payables	316.41	567.56
Other Financial Liabilities	343.86	472.35
Other Current Liabilities	44.98	41.47
Provisions	53.32	34.49
Current Tax Liabilities (Net)	131.73	52.57
Total Liabilities	1,157.04	12,807.34
Total Equity and Liabilities	53,335.34	56,213.72

India Carbon Limited Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Revenue from Operations	42,039.12	56,571.86
Other Income	3,736.97	1,055.16
Total Income	45,776.09	57,627.02
Expenses
Cost of Materials Consumed	30,799.06	50,147.70
Changes in Inventories of Finished Goods	6,231.31	-3,336.93
Employee Benefits Expense	1,140.14	1,250.17
Finance Costs	408.87	670.87
Depreciation and Amortization Expense	224.9	160.3
Other Expenses	4,277.46	5,296.24
Total Expenses	43,081.74	54,188.36
Profit (Loss) Before Tax	2,694.34	3,438.66
Current tax	475.28	601.71
Deferred Tax	-179.71	455.89
Prior Year Tax Adjustment	-629.49	-11.34
Profit (Loss) for the Year	3,028.25	2,392.39
Other Comprehensive Income
Items that will not be reclassified to profit or loss:
Remeasurement of the defined benefit plans	-25.89	-9.52
Equity Instruments Through Other Comprehensive Income	6,674.84	-2,747.77
Income tax relating to items that will not be reclassified to profit or loss:
Remeasurement of the defined benefit plans	14.8	-0.03
Equity Instruments Through Other Comprehensive Income	-814.1	314.98
Total Other Comprehensive Income, Net of Tax	5,849.65	-2,442.33
Total Comprehensive Income for the Year	8,877.90	-49.94
Earning per equity share of Rs. 10/- each
Basic	114.27	90.28
Diluted	114.27	90.28

India Carbon Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Profit before tax	2,694.34	3438.66
Adjustments for :
Depreciation / Amortisation Expense	224.9	160.3
Amortisation of Prepayments	0.56	0.56
Finance Costs	408.87	670.87
Provision no Longer required written back	-	-115.96
Net Gain/Loss on sale of Property Plant & Equipments	0.69	1.24
Interest Income	-84.25	-211.77
Dividend Income	-40.41	-55.39
Liabilities No Longer Required written back	-0.82	-0.95
Gain / Loss on Sale of Investments	-289.56	-2.27
Net Gain/Loss on reinstatement of Investments measured at fair Value through profit or loss	-2838.43	47.2
Bad Debts / Advances written off	5	41.37
Operating Profit before Working Capital changes	80.91	3,973.87
Adjustments for:
Increase/ decrease in Trade Receivables, Loans, Advances and Other Assets	4,477.35	946.64
Increase/ decrease in Inventories	12,974.69	-3,095.57
Increase/ decrease in Trade Payables, Other Liabilities and Provisions	-383.85	-3,025.67
Cash Generated from Operations	17,149.10	-1,200.73
Income Tax Paid	-260.41	-682.87
Net Cash Flow from Operating Activities	16,888.69	-1,883.60
Cash Flow from Investing Activities
Addition to fixed assets Including Capital Work in Progress	-280.95	-461.6
Sale of Property, Plant & Equipments	4.45	3.44
Investment in Mutual Funds	-6,859.16	-4,139.25
Investment in Equity Shares	-2.10	-
Sale of Investment in Mutual Funds	2,988.08	1,950.05
Investment in Bank Deposits	808.27	-653.97
Sale of Shares of Subsidiary company	-	0.75
Interest Income	84.25	211.77
Dividend Income	40.41	55.39
Net Cash Flow from Investing Activities	-3,216.76	-3,033.42
Cash Flow from Financing Activities
Proceeds from Short Term Borrowings (Net)	-11,500.00	5,700.98
Finance Costs	-408.87	-670.87
Dividend Paid	-106	-132.5
Net Cash Used in Financing Activities	-12,014.87	4,897.61
Net Increase/(Decrease) in Cash And Cash Equivalents	1,657.06	-19.41
Add: Balance of Cash and Cash Equivalents As At 31.3.2022	1,262.87	1,282.27
Balance of Cash and Cash Equivalents As At 31.03.2023	2,919.93	1,262.87

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

Cash Flow from Operating Activities: The company generated a net cash flow of ₹16,888.69 million from operating activities, a notable improvement from the previous year 's negative cash flow of ₹-1,883.60 million. This positive change is primarily due to a substantial increase in operating profit before working capital changes, which rose from ₹3,973.87 million to ₹80.91 million. Adjustments for working capital changes also played a crucial role. Specifically, there was a significant increase in trade receivables, loans, advances, and inventories, and a decrease in trade payables and other liabilities. Despite an increase in tax payments, the overall net cash flow from operating activities improved considerably.

Cash Flow from Investing Activities: The company experienced a net cash outflow of ₹-3,216.76 million from investing activities, compared to ₹-3,033.42 million in the previous year. Key investing activities included substantial investments in mutual funds and fixed assets, partially offset by proceeds from the sale of investments and interest and dividend income. The increase in investments in mutual funds and other assets led to a larger cash outflow, despite some inflows from the sale of investments and bank deposits.

Cash Flow from Financing Activities: The company used ₹-12,014.87 million in financing activities, a significant shift from the previous year 's inflow of ₹4,897.61 million. This dramatic change was driven by a net decrease in short-term borrowings and higher finance costs. Additionally, there was a reduction in dividend payments compared to the prior year, but this did not fully counterbalance the increased outflow from borrowings.

Financial Ratios of India carbon Limited

Particulars	2023-24	2022-23
Current ratio	25.05	2.66
Debt-Equity ratio	0	0.26
Return on Equity	11.43	9.03
Inventory Turnover Ratio	2.86	4.16
Trade Receivables Turnover ratio	13.36	16.52
Trade Payables Turnover ratio	16.44	31.94
Net Capital turnover ratio	1.98	3.25
Net Profit Ratio	0.07	0.04
Return on Capital employed	0.06	0.09

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

Current Ratio: The current ratio has dramatically increased to 25.05 from 2.66, indicating a substantial improvement in liquidity. This high ratio suggests the company has an ample amount of current assets relative to its current liabilities, which enhances its ability to meet short-term obligations comfortably.

Debt-Equity Ratio: The debt-equity ratio has dropped to 0 from 0.26, reflecting a significant reduction in the company’s leverage. This indicates that the company is now entirely equity-financed, having eliminated its debt, which enhances financial stability and reduces financial risk.

Return on Equity (ROE): ROE has improved to 11.43% from 9.03%, showing an increase in profitability relative to shareholders ' equity. This indicates more effective use of equity capital to generate profits.

Inventory Turnover Ratio: The inventory turnover ratio has decreased to 2.86 from 4.16. This decline suggests that the company is holding inventory for a longer period before selling it, which may indicate either slower sales or overstocking.

Trade Receivables Turnover Ratio: This ratio has decreased to 13.36 from 16.52, suggesting a slower collection of receivables. This may indicate longer credit terms or slower payments from customers, which could impact cash flow.

Trade Payables Turnover Ratio: The trade payables turnover ratio has decreased to 16.44 from 31.94, indicating that the company is taking longer to pay its suppliers. This might be a strategy to manage cash flow or could reflect difficulties in settling trade payables.

Net Capital Turnover Ratio: The net capital turnover ratio has dropped to 1.98 from 3.25, reflecting a lower efficiency in utilizing net capital to generate revenue. This decrease might indicate a need for better capital management or lower sales relative to the capital employed.

Net Profit Ratio: The net profit ratio has improved to 7% from 4%, indicating a higher proportion of sales revenue is being converted into profit. This reflects better profitability and cost management.

Return on Capital Employed (ROCE): ROCE has decreased to 6% from 9%, suggesting a reduction in the efficiency of using capital employed to generate profits. This decrease may be due to a lower operating profit or increased capital employed without a corresponding increase in profit.

India Carbon Annual Reports, Balance Sheet and Financials

India Carbon Limited (India Carbon) Return Comparision with Primex 40 Index

India Carbon Limited Balance Sheet (Rs in Lakhs)

India Carbon Limited Profit & Loss Statement (Rs in Lakhs)

India Carbon Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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