JCK Infrastructure Latest Annual Report, Balance Sheet and Financials

JCK Infrastructure Development Limited Balance Sheet (In Rs Lakhs)

JCK Infrastructure Development Limited Profit & Loss Statement (In Rs Lakhs)

JCK Infrastructure Development Limited Consolidated Cash Flow Statement (In Rs Lakhs)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

A. Cash Flow from Operating Activities:

1. Net Profit Before Taxation:

In 2023, the company reported a robust net profit before taxation of ₹571.85 million, marking a substantial increase from the previous year 's figure of ₹43.03 million. This significant improvement indicates enhanced operational efficiency and profitability.

2. Adjustments for Reconciliation of Profit/Loss:

Inventory Management:

  In 2023, there were no adjustments for changes in inventories, implying a stable inventory management strategy.

  In contrast, in 2022, there was a decrease in inventories leading to an adjustment of ₹13.96 million, reflecting potential fluctuations in demand or supply chain dynamics.

Trade Receivables:

  The company experienced a decrease in trade receivables in 2023, resulting in a positive adjustment of ₹103.64 million. This suggests efficient management of accounts receivable and timely collection of outstanding dues.

  In 2022, there was a more significant decrease in trade receivables, leading to a higher positive adjustment of ₹332.96 million.

Other Current Assets:

  Adjustments for other current assets increased from ₹2.74 million in 2022 to ₹14.91 million in 2023. This could indicate changes in the composition of current assets or adjustments in valuation methods.

Other Non-Current Assets:

  There were no adjustments for other non-current assets in 2023, compared to a positive adjustment of ₹1.25 million in 2022. This suggests a stable non-current asset base during the year.

Other Financial Assets:

  Adjustments for other financial assets increased from ₹14.58 million in 2022 to ₹38.99 million in 2023. This may reflect changes in the company 's investment portfolio or financial instruments.

Trade Payables and Other Liabilities:

  Adjustments for trade payables, current liabilities, and non-current liabilities varied between the two years, reflecting changes in the company 's financial obligations and working capital management.

Depreciation, Provisions, Tax Assets, and Lease Liabilities:

  Adjustments for depreciation, provisions, tax assets, and lease liabilities indicate the impact of non-cash expenses and financial obligations on cash flow from operating activities.

3. Total Adjustments for Reconciliation of Profit/Loss:

The cumulative effect of all adjustments resulted in a substantial increase in net cash from operating activities in 2023 compared to 2022.

4. Interest Paid, Interest Income, and Income Taxes:

The company paid higher interest expenses in 2023 compared to 2022, reflecting changes in financing activities or debt servicing obligations.

Interest income remained relatively stable between the two years.

Income tax payments/refunds also varied, indicating fluctuations in taxable income or tax planning strategies.

5. Net Cash from Operating Activities (A):

Despite the adjustments, the company generated significant positive cash flow from operating activities in 2023, indicating strong operational performance and effective management of working capital.

B. Cash Flow from Investing Activities:

The company made substantial investments in property, plant, and equipment (PP&E) in 2023, resulting in a negative cash flow from investing activities. This suggests capital expenditure for growth or modernization initiatives.

Changes in capital work in progress and investments in securities also influenced the cash flow from investing activities.

C. Cash Flow from Financing Activities:

The company raised funds through borrowings in 2023, contributing to positive cash flow from financing activities.

Interest payments and other financing activities impacted the overall cash flow position.

Overall Analysis:

The company experienced a notable improvement in cash flow from operating activities in 2023 compared to the previous year, driven by higher profitability and effective management of working capital.

Capital expenditure and financing activities also influenced the overall cash flow position, reflecting the company 's investment and financing strategies.

The positive net increase in cash and cash equivalents at the end of the year indicates improved liquidity and financial stability.

Financial Ratios:

Summary of Financial Ratios for the years 2023 and 2022:

1. Current Ratio:

2023: 1.27

2022: 3.02

Analysis: The current ratio measures the company 's ability to cover short-term liabilities with its short-term assets. A higher ratio is generally preferable as it indicates a stronger liquidity position. The current ratio has decreased from 2022 to 2023, suggesting a relative decrease in liquidity or an increase in short-term liabilities.

2. Debt Equity Ratio:

2023: 0.5

2022: 0.94

Analysis: The debt-equity ratio indicates the proportion of debt and equity used to finance the company 's assets. A lower ratio implies less reliance on debt financing, which is generally favorable for financial stability. The company has reduced its debt-equity ratio from 2022 to 2023, indicating a decrease in debt relative to equity.

3. Debt Service Coverage Ratio:

2023: 79.8

2022: 0.36

Analysis: The debt service coverage ratio measures the company 's ability to cover its debt obligations with its operating income. A higher ratio suggests better capacity to service debt. The significant increase from 2022 to 2023 indicates a substantial improvement in the company 's ability to meet its debt obligations.

4. Return on Equity:

2023: 0.04 (4%)

2022: 0.13 (13%)

Analysis: Return on equity measures the company 's profitability relative to shareholders ' equity. A higher ratio indicates more efficient utilization of equity to generate profits. The decrease from 2022 to 2023 suggests a lower profitability relative to shareholders ' equity.

5. Trade Receivables Turnover Ratio:

2023: 0.79

2022: 1.11

Analysis: This ratio measures how efficiently the company collects payments from its customers. A higher ratio indicates faster turnover of receivables, which is generally favorable. The decrease from 2022 to 2023 suggests a slower turnover of trade receivables.

6. Trade Payables Turnover Ratio:

2023: 5.6

2022: 4

Analysis: The trade payables turnover ratio measures how quickly the company pays its suppliers. A higher ratio indicates a shorter period of time taken to settle payables. The increase from 2022 to 2023 suggests a faster turnover of trade payables.

7. Net Capital Turnover Ratio:

2023: 3.16

2022: 1.74

Analysis: This ratio measures the efficiency of capital utilization in generating sales revenue. A higher ratio indicates more efficient utilization of capital. The increase from 2022 to 2023 suggests improved efficiency in generating sales revenue relative to the capital employed.

8. Net Profit Ratio:

2023: 69.72%

2022: 4.48%

Analysis: The net profit ratio measures the company 's net profit as a percentage of its total revenue. A higher ratio indicates better profitability. The significant increase from 2022 to 2023 suggests a substantial improvement in profitability relative to total revenue.

9. Return on Capital Employed (ROCE):

2023: 0.27 (27%)

2022: 0.01 (1%)

Analysis: ROCE measures the efficiency of capital utilization in generating profits. A higher ratio indicates more efficient utilization of capital. The increase from 2022 to 2023 indicates a significant improvement in capital efficiency.

10. Return on Investment (ROI):

 2023: 52.19%

 2022: 0.07%

 Analysis: ROI measures the return on investment relative to the cost of the investment. The substantial increase from 2022 to 2023 indicates a significant improvement in the return on investment.

Overall, the financial ratios for 2023 show improvements in liquidity, debt management, profitability, efficiency, and return on investment compared to 2022, indicating overall better financial performance and management.

Dividend History (NA)