ICEX Annual Report | Balance Sheet | Financials

Indian Commodity Exchange Limited Balance Sheet (Rs in Thousands)

 Indian Commodity Exchange Limited Profit & Loss Statement (Rs in Thousands)

 Indian Commodity Exchange Limited Consolidated Cash Flow Statement (Rs in Thousands)

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

Operating Activities: In the year ending March 31, 2024, the company reported a net profit before tax of ₹29,165.97 thousand, a substantial turnaround from a loss of ₹582,724.75 thousand in 2023. Despite this improvement, the operating profit before working capital changes was negative at ₹-56,643.19 thousand, indicating a challenging operational environment. Key adjustments included a depreciation, amortization, and impairment expense of ₹9,032.79 thousand, compared to ₹530,832.87 thousand in the prior year, reflecting a substantial decrease in non-cash expenses. Finance costs related to leases under Ind AS 116 were ₹779.04 thousand, slightly up from ₹677.58 thousand in 2023. Interest income was negative, indicating net interest expenses. The company recorded a loss on foreign exchange of ₹223.32 thousand, a sharp decline from a gain of ₹6,058.86 thousand the previous year. Additionally, there was a profit on the sale of property, plant, and equipment amounting to ₹5,469.47 thousand. Excess provisions written back were substantial at ₹74,497.69 thousand, compared to ₹2,540.00 thousand in 2023, showing a significant release of previously held provisions. Overall, cash used in operating activities amounted to ₹-96,361.52 thousand, a stark contrast to cash generated of ₹442,459.17 thousand the previous year, highlighting a significant decline in operational cash flows.

Investing Activities: Cash flow from investing activities showed a net inflow of ₹102,424.34 thousand in 2024, compared to a significant outflow of ₹443,164.69 thousand in 2023. This shift was driven by several factors: the company received ₹8,704.00 thousand from the sale of property, plant, and equipment and earned ₹11,761.34 thousand in interest income. Investments in non-corporate debentures were reduced to ₹30,000.00 thousand from ₹100,000.00 thousand, while net proceeds from current investments were ₹202,142.59 thousand, up from ₹786,904.06 thousand the previous year. Purchases of current investments were significantly lower at ₹99,944.92 thousand, compared to ₹757,945.63 thousand in 2023. Loans and advances given decreased to ₹60,000.00 thousand from ₹485,000.00 thousand, and repayments received for loans and advances increased to ₹70,000.00 thousand from ₹100,000.00 thousand.

Financing Activities: Cash flows from financing activities were minimal, with a net outflow of ₹5,696.22 thousand in 2024, a slight improvement from ₹5,833.53 thousand in 2023. This outflow primarily reflects lease rent payments, which were marginally lower than the previous year.

Net Increase in Cash and Cash Equivalents: The company experienced a net increase in cash and cash equivalents of ₹366.60 thousand in 2024, reversing a decrease of ₹6,539.05 thousand in 2023. The cash balance at the end of the year increased to ₹1,400.95 thousand from ₹1,034.35 thousand at the beginning of the year.

 Financial Ratios of Indian Commodity Exchange Limited

Here is a summary of the financial and operational metrics for Indian Commodity Exchange Limited for the year 2024 & 2023:

Current Ratio: The Current Ratio increased significantly to 6.52 in 2024 from 3.18 in 2023. This sharp rise indicates a substantial improvement in the company’s liquidity, meaning it is now much better positioned to cover its short-term liabilities with its short-term assets. The high ratio suggests strong short-term financial health.

Return on Equity (ROE) Ratio: The Return on Equity Ratio improved to 11.73% in 2024 from a negative -110.82% in 2023. This turnaround indicates that the company has shifted from a loss-making position, where it was generating negative returns on shareholders ' equity, to a positive return. This improvement reflects a significant recovery in profitability relative to shareholders ' equity.

Trade Receivables Turnover Ratio: The Trade Receivables Turnover Ratio fell to 0 in 2024 from 0.46 in 2023. This decline suggests that the company may have either significantly reduced or eliminated its trade receivables, or is no longer actively engaged in credit sales, affecting its ability to collect from customers.

Trade Payables Turnover Ratio: The Trade Payables Turnover Ratio increased to 0.33 in 2024 from 0.18 in 2023. This improvement indicates that the company is paying off its trade payables more quickly. A higher ratio suggests better management of supplier payments or possibly more stringent payment terms.

Net Capital Turnover Ratio: The Net Capital Turnover Ratio dropped dramatically to 0.01 in 2024 from 0.71 in 2023. This significant decrease reflects a drastic reduction in the efficiency of utilizing capital to generate sales. The low ratio suggests that the company is struggling to use its capital effectively to drive revenue.

Net Profit Ratio: The Net Profit Ratio improved to 0.30% in 2024 from -32.04% in 2023. This positive change indicates that the company has shifted from a significant loss margin to a modest profit margin, reflecting better overall profitability despite still being relatively low.

Return on Capital Employed (ROCE): The Return on Capital Employed turned positive but remained negative at -103.08% in 2024, compared to -175.32% in 2023. Although still negative, this improvement suggests that the company has made progress in generating returns from its capital, moving away from extremely poor performance.

Return on Investment (ROI): The Return on Investment increased to 1.38% in 2024 from 0.12% in 2023. This rise indicates a modest improvement in the returns generated from investments. The positive ROI reflects better investment performance compared to the previous year, though it remains relatively low.

Dividend history