Invade Agro Annual Reports, Balance Sheet and Financials

Invade Agro Limited Standalone Balance Sheet (Rs in Thousands)

Particulars	31-03-2024
Shareholder 's Funds
Share Capital	500.00
Reserves & Surplus	1,937.41
Non-Current Liabilities
Long-Term Borrowings	-
Current Liabilities
Short-Term Borrowings	17,040.32
Trade Payables
Total outstanding dues of micro, small & medium enterprises	150.00
Total outstanding dues of Creditors other  than above	280.06
Other Current Liabilities	111.75
Short-Term Provisions	204.90
Total Equity & Liabilities	20,224.45
Non-Current Assets
Property, Plant and Equipment	331.14
Deferred Tax Assets (Net)	2,780.48
Other Non-current assets	1,008.00
Current Assets
Inventories	2,710.23
Trade Receivables	286.75
Cash & Cash Equivalents	171.16
Short-Term Loans & Advances	12,380.60
Other Current Assets	556.09
Total Assets	20,224.45

Invade Agro Limited Standalone Profit & Loss Statement (Rs in Thousands)

Particulars	16-03-2024 to 31-03-2024
Income
Revenue from Operations	-
Other Income	-
Total Income	-
Expenses
Depreciation & amortization expense	3.99
Employee Benefits Expense	204.90
Finance Costs	413.93
Other Expenses	220.24
Total Expenses	843.07
Profit Before Tax	-843.07
Deferred Tax	-2,780.48
Profit for the Year	1,937.41
Earnings per Share
Basic	0.39
Diluted	0.39

Invade Agro Limited Standalone Cash Flow Statement (Rs in Thousands)

Particulars	16-03-2024 to 31-03-2024
Cash Flow from Operating Activities
Profit Before Tax	-843.07
Adjustments for:
Depreciation & Amortization	3.99
Finance cost	413.93
Operating Profit before Working Capital Changes:	-425.15
Movement in working capital:
(Increase)/decrease in Trade receivables	-286.75
(Increase)/decrease in Trade advances & other assets	-15,646.91
(Increase)/decrease in Trade payables	430.06
(Increase)/decrease in Liabilities & Provisions	17,356.98
(Increase)/decrease in Long term & advances	-1,008.00
Net Cash from Operating Activities	420.22
Cash Flow from Investing Activities
Purchase of PPE including transfer made from LLP	-335.14
Net Cash from Investing Activities	-335.14
Cash Flow from Financing Activities
Conversion of share capital	500.00
Finance cost paid	-413.93
Net Cash from Financing Activities	86.07
Net Increase/Decrease in Cash	171.16
Opening Cash Balance	-
Closing Cash Balance	171.16

Summary of the Cash Flow Statement for the year 2024:

Cash Flow from Operating Activities

The company recorded a loss before tax of Rs. 843.07 thousand, indicating that operations were not profitable during the period. However, certain non-cash expenses and financing-related costs were added back — depreciation of Rs. 3.99 thousand and finance costs of Rs. 413.93 thousand — which reduced the operating loss and brought the operating result before working capital changes to Rs. –425.15 thousand.

Significant movements in working capital had a major impact on cash flow. Trade receivables increased by Rs. 286.75 thousand, and long-term advances by Rs. 1,008 thousand, both of which used cash. A very large increase in trade advances and other assets (Rs. 15,646.91 thousand) also represented a substantial outflow. On the other hand, there were strong cash inflows from the increase in liabilities and provisions (Rs. 17,356.98 thousand) and an increase in trade payables amounting to Rs. 430.06 thousand. After considering all these adjustments, the company generated a positive operating cash flow of Rs. 420.22 thousand, suggesting that working-capital funding offset the operating loss.

Cash Flow from Investing Activities

The company invested Rs. 335.14 thousand in property, plant, and equipment (PPE), including assets transferred from an LLP. This represents a cash outflow, indicating investment in long-term assets for future operational needs. As no other investing inflows were recorded, the net cash used in investing activities stood at Rs. –335.14 thousand.

Cash Flow from Financing Activities

During the period, the company raised Rs. 500 thousand through conversion of share capital, generating a significant financing inflow. At the same time, it paid finance costs of Rs. 413.93 thousand, which reduced the net amount of funds received. After offsetting the two, the company reported a net positive financing cash inflow of Rs. 86.07 thousand.

Net Change in Cash Position

Combining all operating, investing, and financing activities, the company generated a net increase in cash of Rs. 171.16 thousand during the period. Since there was no opening cash balance, the closing cash balance stands at Rs. 171.16 thousand as of 31-03-2024.

Invade Agro Limited Financial Ratios:

Particulars	31-03-2024
Current ratio	0.91
Debt-Equity ratio	6.99
Debt Service coverage ratio	0.14
Return on equity ratio	1.59
Trade payables turnover ratio	1.02
Return on capital employed	-0.18

Summary of the financial ratio of Invade Agro Limited for the year 2024:

Current Ratio – 0.91

The current ratio of 0.91 shows the relationship between current assets and current liabilities. A value below 1 means current liabilities are higher than current assets. This indicates that the company’s short-term resources are not sufficient to match its short-term obligations.

Debt-Equity Ratio – 6.99

A debt-equity ratio of 6.99 shows that the company has significantly more debt compared to equity. It measures how much the company is financed through debt versus shareholders’ funds, and a value of 6.99 means debt is nearly seven times equity.

Debt Service Coverage Ratio (DSCR) – 0.14

A DSCR of 0.14 expresses the company’s ability to service its debt using its earnings. The ratio shows that the earnings available for debt service are only 0.14 times the amount required, meaning the earnings are far lower than the debt obligations.

Return on Equity (ROE) – 1.59%

The ROE of 1.59% shows the percentage return generated on shareholders’ equity. This ratio states that for every 100 units of equity, the company generated 1.59 units of net profit during the period.

Trade Payables Turnover Ratio – 1.02

A trade payables turnover ratio of 1.02 shows how many times the company has cleared its average trade payables within the period. A value of 1.02 means trade payables were settled slightly more than once during the year.

Return on Capital Employed (ROCE) – –0.18%

The ROCE of –0.18% represents the percentage return generated on the total capital employed. A negative value means the operating profit for the period was lower than zero relative to the capital employed.