KCL Limited Annual Reports | Balance Sheet

KCL Limited (KCL Limited) Return Comparision with Primex 40 Index

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KCL Limited

KCL Ltd Balance Sheet (In Rs. Lakhs)

Particulars	31-03-2023	31-03-2022
Assets
Non-current Assets
Property, Plant and Equipment	7352.55	9155.16
Capital work-in-progress		3.31
Right of use Assets	1026.74	70.21
Investment Property	170.82	168.77
Other Intangible Assets
Financial Assets
(i) Investments	5.98	54.17
(ii) Other Financial Assets	1.2	7.24
Non Current Loans	1033.18	1025.94
Other non current assets	485.81	449.67
Total Non-Current-Assets	10076.28	10934.46
Current Assets
Inventories	3019.17	3454.64
Financial Assets
(i)Trade receivables	6908.4	6971.6
(ii)Cash and cash equivalents	573.31	226.01
(iii)Bank balance other than (ii) above	196.45	105.66
(iv)Loans	123.46	100.77
(v)Other financial assets	4.95	4.87
Current Tax Assets (Net)	91.24	42.66
Other current assets	318.35	316.52
Total Current Assets	11235.33	11222.73
Total Assets	21311.61	22157.19
EQUITIES AND LIABILITIES
Equity
Equity Share Capital	300.01	300.01
Other Equity	11854.85	10430.22
Non Controlling Interests
Total Equity	12154.86	10730.23
LIABILITIES
Non-Current Liabilities
Financial Liabilities Borrowings
Borrowings	1293.36	1997.87
Lease Liabilities	25.29	48.64
Provisions	111.6	101.28
Deferred Tax Liabilities (Net)	58.27	150.45
Other Non-Current Liabilities	5.11	5.11
Total Non-Current Liabilities	1493.63	2303.35
Current Liabilities
Financial Liabilities
(i)Borrowings	945.47	1740.1
(ii) Lease Liabilities	23.35	21.56
(iii)Trade Payables
Micro and Small Enterprises
Others	6281.45	6923.81
(iv)Other financial liabilities	265.64	258.5
Other current liabilities	137.81	172.21
Provisions	9.39	7.41
Current Tax Liabilities (Net)
Total Current Liabilities	7663.12	9123.6
Total Liabilities	9156.75	11426.96
Total Equity and Liabilities	21311.61	22157.19

KCL Ltd Profit & Loss Statement (In rs. Lakhs)

Particulars	31-03-2023	31-03-2022
INCOME
Revenue from operations	51514.79	45942.31
Less: GST Recovered	7800.58	6206.75
	43714.21	39735.56
Other Income	37.82	27.36
Total Income	43752.03	39762.92
EXPENSES
a)Cost of Material Consumed b)Changes in Inventories of Finished Goods and Work-In-Progress	29511.41 104.16	27346.32 139.61
	29511.41 104.16	27346.32 139.61
c)Employee Benefits Expenses	2109.42	1824.43
d)Finance Costs	386.82	421.09
e)Depreciation and Amortization Expenses	1247.27	1427.12
f)Other Expenses	8288.27	7163.42
Total Expenses	41674.35	38322
Profit before Tax	2077.68	1440.92
Tax Expense
Current Tax	737.2	499.1
Mat Credit Entitlments	87.28	238.4
Mat Credit Utilized	-87.28	-238.4
Income Tax related to early years	2.01 -92.18	0.08 -56.55
Deferred tax adjustments	2.01 -92.18	0.08 -56.55
Total Tax Expenses	647.03	442.63
Profit for the year	1430.65	998.29
Other Comprehensive Income\(Expense)
(A)Items that will not be reclassified to profit or loss
(I)Remeasurement of investment at fair value	0.81	0.24
(ii)Remeasurement of Net defined benefit plans	-6.83	8.92

(B)Items that will be reclassified to profit and loss

Total Incomprehensive Income for the Year	1424.63	1007.46
Earning per Equity Share of Face Value of Rs.10/- each
Basic	48.36	33.75
Diluted	48.36	33.75
Particulars	31-03-2023	31-03-2022
INCOME
Revenue from operations	51514.79	45942.31
Less: GST Recovered	7800.58	6206.75
	43714.21	39735.56
Other Income	37.82	27.36

KCL Ltd Consolidated Cash Flow Statement (In rs. Lakhs)

Particulars	31-03-2023	31-03-2022
A.Cash Flow from Operating Activities
Net Profit before Tax	2077.68	1440.92
Adjustments for :
Depreciation and Amortisation	1274.27	1427.12
Loss on imarment of investment	49
Provision for Gratutiy and Enhancement	5.47	21.21
Finance Costs	386.82	421.09
Profit on Sale of Property Plant and Equipment	-3.81	-0.78
Interest Income	-18.45	-16.6
Operating Profit before Working Capital charges	3770.98	3292.95
Changes in working Capital:
Adjustments for (increase)/decreaseing Operating Assets
Inventories	435.47	-738.53
Trade Receivables	63.2	-1378.8
Loans-current	-22.68	-19.84
Bank balance other than cash and cash equivalents	-90.79	-34.85
Other Current Assets	-90.56	243.44
Other financial assets	-0.08	-3.96
Other non financial assets	6.04	-7.24
Other non current assets	-7.05	-8.63
Adjustments for increase/ (decrease) in Operating Liabilities
Trade Payables	-642.36	1148.23
Other financial liabilities	7.14	-9.8
Other current liabilities	-34.4	108.77
Other lease liabilities	1.79	-3.59
Cash generated from operations	3396.69	2586.16
Income Tax Paid (Net of Refunds)	-699.05	-223.33
Net Cash Flow from Operating Activities (A)	2697.64	2362.83
B.Cash Flow from Investing Activities
Purchase of Property , Plant and Equipment and intangible Assets	-439.34	-902.74
Advance for capex	-36.33	-155.94
Creditor for capex		-8.12
Investment in Subsidary		-10
Proceeds from Sales of Property, Plant and Equipment	16.23	31.04
Interest Received	18.45	16.6
Net Cash Flow from/ (used in) investing Activities (B)	-440.99	-1029.16
C.Cash flow from Financing Activities
Proceeds from Long Term Borrowings	-704.51	-930.34
Net increase/(decrease) in short term Borrowings	-794.62	-342.34
Other Financial Liabilities	-23.35	48.64
Interest Paid	-386.82	-421.09
Net Cash Flow from/ (used in) Financing Activities (C)	-1909.31	-1645.13
Net increase/(Decrease) in Cash and Cash Equivalents (A+B+C)	347.3	-311.45
Cash and Cash Equivalents at the beginning of the year	226.01	537.46
Cash and Cash Equivalents at the end of the year	573.31	226.01
Comprises
(a)Cash on hand	8.74	5.03
(b)Balance with Banks

The provided financial data consists of cash flow information for two consecutive years, 31-03-2023 and 31-03-2022

A. Cash Flow from Operating Activities

In the fiscal year ending 31-03-2023, the company reported a Net Profit before Tax of 2077.68, a significant increase from the previous year 's 1440.92. Adjustments for operating activities include Depreciation and Amortization of 1274.27, while the previous year was 1427.12. There was a loss on impairment of investment of 49, along with a Provision for Gratuity and Enhancement of 5.47. Finance Costs amounted to 386.82, a decrease from 421.09 in the previous year. The company had a small Profit on Sale of Property, Plant, and Equipment, at -3.81. Interest Income was -18.45, while the previous year reported -16.6. Operating Profit before Working Capital charges increased to 3770.98 from the previous year 's 3292.95.

Changes in working capital include increases and decreases in Operating Assets and Liabilities. Notable changes include an increase in Inventories from 435.47 to -738.53 and an increase in Trade Receivables from 63.2 to -1378.8. There were also adjustments in Loans-current, Bank balances, and various other assets and liabilities. The Cash generated from operations in 2023 was 3396.69, an increase from 2586.16 in the previous year. Income Tax Paid (Net of Refunds) amounted to -699.05, significantly higher than the previous year 's -223.33. The Net Cash Flow from Operating Activities in 2023 was 2697.64, while it was 2362.83 in 2022.

B. Cash Flow from Investing Activities

In the fiscal year ending 31-03-2023, the company reported a negative Cash Flow from Investing Activities amounting to -440.99. This was primarily due to the Purchase of Property, Plant, and Equipment and intangible assets (-439.34), Advance for capex (-36.33), and Investment in Subsidiary (-10). There were also Proceeds from Sales of Property, Plant, and Equipment (16.23) and Interest Received (18.45). In the previous year, the Cash Flow from Investing Activities was -1029.16, indicating a reduction in capital expenditures and investments.

C. Cash Flow from Financing Activities

The financing activities of the company showed a Net Cash Flow of -1909.31 in 2023, compared to -1645.13 in 2022. This category includes Proceeds from Long Term Borrowings (-704.51), Net increase/(decrease) in short-term Borrowings (-794.62), Other Financial Liabilities (-23.35), and Interest Paid (-386.82).

Net increase/(Decrease) in Cash and Cash Equivalents

The net change in Cash and Cash Equivalents for 2023 was a positive 347.3, while it was negative at -311.45 in 2022. This change contributed to the Cash and Cash Equivalents at the end of the year, which increased to 573.31 in 2023, up from 226.01 in 2022. These Cash and Cash Equivalents are further broken down into cash on hand, balances with banks in current accounts, and fixed deposits.

Bellow are the Financial Ratios

Particulars	Ratios
EBITDA	35.33%
Net worth	10.36%
Debt/Equity Ratio	0.35
Return on Equity	9.30%
Total Assets	4.60%
Fixed Assets	-5.57%
Current Assets	2.67%
Current Liabilities	10.96%
Trade Receivables	24.65%
Trade Payables	19.88%
Current Ratio	1.23

Here is a summary of the financial and operational metrics for KCL Ltd

Financial Performance

- EBITDA, representing Earnings Before Interest, Taxes, Depreciation, and Amortization, stands at 35.33%. This metric reflects the company 's operating profitability as a percentage of revenue.

- Net Worth, which indicates the company 's equity value, is at 10.36%. This suggests that equity represents 10.36% of the total capital structure.

- The Debt/Equity Ratio is 0.35, indicating that for every unit of equity, the company has 0.35 units of debt. This suggests a moderate level of leverage.

Return on Investment

- The Return on Equity (ROE) is reported at 9.30%. ROE measures the company 's ability to generate profit from its shareholders ' equity.

Asset Management

- Total Assets have increased by 4.60%. This suggests that the company 's asset base has grown over the given time frame.

- Fixed Assets, however, have shown a decrease of -5.57%. This might indicate a reduction in long-term capital investments.

- Current Assets have grown by 2.67%. This is typically positive, indicating an increase in short-term liquidity.

- Current Liabilities, on the other hand, have increased significantly by 10.96%, suggesting an increase in short-term obligations.

Working Capital and Liquidity

- Trade Receivables have surged by 24.65%. This signifies that the company has a larger amount of outstanding accounts receivable, which could affect cash flow.

- Trade Payables have also increased by 19.88%, which means the company has more outstanding payables to its suppliers.

- The Current Ratio is reported at 1.23, indicating that the company has 1.23 times the current assets to cover its current liabilities. This suggests good short-term liquidity.