Kashipur Holdings Annual Reports, Balance Sheet and Financials

Kashipur Holdings Limited Balance Sheet (Rs inLakhs)

 Kashipur Holdings Limited Profit & Loss Statement (Rs inLakhs)

 Kashipur Holdings Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Operating Activities: The company experienced a decline in net profit before tax, dropping from ₹772.92 lakhs in 2023 to ₹541.96 lakhs in 2024. Despite this, adjustments for non-cash items showed mixed results. Depreciation and amortization increased to ₹41.13 lakhs from ₹27.19 lakhs, indicating higher asset costs or investment in fixed assets. Interest income decreased from ₹947.18 lakhs to ₹706.17 lakhs, reflecting reduced returns on investments or loans. Provision for diminution in investments fell from ₹259.16 lakhs to ₹30.71 lakhs, suggesting improved asset values. Finance costs increased to ₹284.11 lakhs from ₹246.95 lakhs, indicating higher borrowing costs.

The operating profit before working capital changes was negative at -₹324.34 lakhs, worsening from -₹240.99 lakhs in the previous year. However, adjustments in working capital showed a positive trend: loans and advances and other assets decreased by ₹1,443.07 lakhs, while trade payables and other liabilities increased by ₹92.46 lakhs. The net cash generated from operating activities rose significantly to ₹2,389.28 lakhs from ₹1,635.15 lakhs, supported by higher interest income and dividends received, despite increased finance costs and direct taxes.

Investing Activities: The net cash flow from investing activities improved to ₹226.58 lakhs from a negative ₹657.23 lakhs in 2023. The company invested ₹51.37 lakhs in property, plant, and equipment and saw net positive cash flow from current investments, totaling ₹890.36 lakhs compared to an outflow in the previous year. The purchase of non-current investments was ₹613.90 lakhs, and there were no proceeds from non-current investments sales this year, compared to ₹955.55 lakhs last year. Additionally, there was a minor increase in other bank balances by ₹1.50 lakhs.

Financing Activities: Cash flow from financing activities showed a net outflow of ₹1,966.27 lakhs, compared to an outflow of ₹1,391.63 lakhs in 2023. There was no redemption of non-cumulative redeemable preference shares this year, unlike the ₹1,500.00 lakhs outflow last year. The company reduced its loan against securities from banks by ₹466.27 lakhs and had a significant net repayment of short-term unsecured borrowings of ₹1,500.00 lakhs, compared to a net inflow of ₹1,114.96 lakhs the previous year. Additionally, no dividends were paid on non-cumulative convertible preference shares this year, compared to ₹135.00 lakhs in 2023.

Overall Cash Flow: The net increase in cash and cash equivalents was ₹649.60 lakhs, reversing the previous year’s decrease of ₹413.71 lakhs. The cash balance at the beginning of the year was ₹80.98 lakhs, which grew to ₹730.58 lakhs by year-end. This increase reflects improved cash flow management, particularly in operating activities and investing activities, despite the negative impacts from financing activities.

 Financial Ratios of Kashipur Holdings Limited:

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

Current Ratio: The current ratio increased from 2.93 in 2023 to 8.33 in 2024. This ratio, calculated as current assets divided by current liabilities, measures the company 's ability to meet its short-term obligations with its short-term assets.

Debt-Equity Ratio: The debt-equity ratio decreased from 17.06% in 2023 to 4.05% in 2024. This ratio measures the proportion of a company 's debt to its shareholders ' equity.

Return on Equity (ROE): Return on Equity (ROE) decreased from 7.47% in 2023 to 5.20% in 2024. ROE measures the return generated on shareholders ' equity. The decline in ROE indicates a reduction in the profitability relative to equity, despite the company 's improved financial structure.

Return on Capital Employed (ROCE): Return on Capital Employed (ROCE) decreased from 10.70% in 2023 to 7.27% in 2024. ROCE measures the profitability relative to the total capital employed (equity plus debt). The decline in ROCE indicates that the company’s efficiency in generating profit from its capital base has diminished.