| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Kashipur Holdings Limited |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Shareholders ' Funds |
|
|
|
Share Capital |
2,277.17 |
2,277.17 |
|
Reserves and Surplus |
59,657.31 |
52,741.20 |
|
Minority Interest |
953.55 |
914.51 |
|
Non-Current Liabilities |
|
|
|
Other Long-term Liabilities |
2.54 |
2.54 |
|
Long-term Provisions |
71.63 |
63.09 |
|
Deferred Tax Liabilities (Net) |
224.07 |
213.85 |
|
Current Liabilities |
|
|
|
Short-term Borrowings |
1,437.14 |
3,403.41 |
|
Trade Payables |
|
|
|
Dues to other than Micro & Small Enterprises |
92.09 |
26.93 |
|
Other Current Liabilities |
68.89 |
43.22 |
|
Short-term Provisions |
8.69 |
57.29 |
|
Total Equity and Liabilities |
64,793.08 |
59,743.21 |
|
Non-current Assets |
|
|
|
Property, Plant and Equipment |
|
|
|
Tangible Assets |
259.59 |
249.35 |
|
Intangible Assets - Goodwill on consolidation |
805.09 |
805.09 |
|
Non-current Investments |
51,720.05 |
45,199.81 |
|
Long-term Loans and Advances |
350.00 |
350.00 |
|
Other non-current assets |
118.29 |
24.80 |
|
Current Assets |
|
|
|
Current Investments |
3,220.86 |
3,817.58 |
|
Trade Receivables |
83.23 |
3.80 |
|
Cash and Bank Balances |
731.89 |
83.79 |
|
Short-term Loans and Advances |
7,096.29 |
8,688.69 |
|
Other Current Assets |
407.79 |
520.30 |
|
Total Assets |
64,793.08 |
59,743.21 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
REVENUE |
|
|
|
Revenue from operations |
4,226.40 |
3,091.33 |
|
Other income |
485.67 |
670.90 |
|
Total Revenue |
4,712.07 |
3,762.23 |
|
EXPENSES |
|
|
|
Purchases of Stock-in-trade |
2,998.43 |
1,792.37 |
|
Employee benefits expense |
206.32 |
203.75 |
|
Finance costs |
284.11 |
246.95 |
|
Depreciation and amortization expense |
41.13 |
27.19 |
|
Other expenses |
640.11 |
719.05 |
|
Total Expenses |
4,170.10 |
2,989.31 |
|
Profit before tax |
541.96 |
772.92 |
|
Current Tax |
305.55 |
461.99 |
|
Deferred Tax Charge / (Credit) |
10.22 |
-56.59 |
|
Short/Eexcess) provision of earlier years |
-12.99 |
5.76 |
|
Profit after tax for the year |
239.18 |
361.76 |
|
Profit for the year attributable to minority interest |
39.04 |
16.58 |
|
Profit after tax and Minority Interest |
200.14 |
345.18 |
|
Share of Profit from Associates: |
|
|
|
India Glycols Ltd |
6,626.73 |
5,424.10 |
|
Polylink Polymers (India) Ltd |
81.89 |
21.84 |
|
Supreet Vyapaar Private Ltd |
7.35 |
3.36 |
|
Profit for the year attributable to parent |
6,916.11 |
5,794.48 |
|
Earnings per equity share of Rs. 100/- each: |
|
|
|
Basic |
303.71 |
254.46 |
|
Diluted |
303.71 |
254.46 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash flows from operating activities |
|
|
|
Net Profit/(Loss) Before tax |
541.96 |
772.92 |
|
Adjustments for: |
|
|
|
Depreciation and amortization |
41.13 |
27.19 |
|
Interest Income |
-706.17 |
-947.18 |
|
Provision for diminution in value of investments |
30.71 |
259.16 |
|
Finance costs |
284.11 |
246.95 |
|
(Increase)/decrease in fair value of Investments |
-92.89 |
-10.25 |
|
Excess provision / Liabilities no longer required written back |
-2.63 |
-0.02 |
|
(Gain)/loss on sale of non current investments, net |
- |
-475.17 |
|
Operating profit before working capital changes |
-324.34 |
-240.99 |
|
Adjustment for: |
|
|
|
(Increase)/Decrease in loans & advances and other assets |
1,443.07 |
1,786.31 |
|
Increase/(Decrease) in trade payables and other liabilities |
92.46 |
0.82 |
|
Increase/(Decrease) in provisions |
10.33 |
5.43 |
|
Cash generated from/(used in) operations |
1,317.74 |
1,551.57 |
|
Interest income received on inter-corporate loans |
818.68 |
699.58 |
|
Finance costs paid |
-283.11 |
-1,034.65 |
|
Dividend received |
902.52 |
890.52 |
|
Direct taxes paid (including TDS) |
-366.55 |
-471.89 |
|
Net cash generated fromoperating activities |
2,389.28 |
1,635.15 |
|
CASH FLOW FROM INVESTING ACTIVITIES |
|
|
|
Payments for property, plant and equipment including capital advances |
-51.37 |
-78.58 |
|
Proceeds/(purchase) from current investments, net |
890.36 |
-1,096.45 |
|
Purchase of non current investments |
-613.90 |
-437.25 |
|
Proceeds from sale of non current investments |
- |
955.55 |
|
(Increase)\decrease in other bank balances |
1.50 |
-0.50 |
|
Net cash generated from investing activities |
226.58 |
-657.23 |
|
CASH FLOW FROM FINANCING ACTIVITIES: |
|
|
|
Redemption of 9% Non cumulative redeemable preference shares |
- |
-1,500.00 |
|
Increase/(decrease) in loan against securities from banks |
-466.27 |
-871.59 |
|
Proceeds\(Repayment) of short-term unsecured borrowings, net |
-1,500.00 |
1,114.96 |
|
Dividend paid on 9% Non-cummulative CCPS |
- |
-135.00 |
|
Net Cash generated from/(used in) financing activities |
-1,966.27 |
-1,391.63 |
|
Net increase/(decrease) in cash and cash equivalents |
649.60 |
-413.71 |
|
Cash and cash equivalents at the beginning of the year |
80.98 |
494.69 |
|
Cash and cash equivalents at the end of the year |
730.58 |
80.98 |
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:
|
Particulars |
2024 |
2023 |
|
Current Ratio |
8.33 |
2.93 |
|
Debt Equity Ratio |
4.05% |
17.06% |
|
Return on equity |
5.20% |
7.47% |
|
Return on Capital Employed |
7.27% |
10.70% |
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.
