Kothari Safe Deposits Annual Reports, Balance Sheet and Financials

Kothari Safe Deposits Limited Balance Sheet (Rs in Lakhs)

Kothari Safe Deposits Limited Profit & Loss Statement (Rs in Lakhs)

Kothari Safe Deposits Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Cash Flow from Operating Activities

Net Profit before Tax and Extraordinary Items:

2024: ₹533.05

2023: ₹590.87

The net profit before tax and extraordinary items decreased slightly from the previous year, indicating a marginal decline in profitability.

Adjustments for Non-Cash Items and Other Adjustments:

Depreciation and Amortization Expense:

2024: ₹30.01

2023: ₹29.14

Depreciation and amortization expenses increased slightly, indicating a higher depreciation charge on capitalized assets.

(Profit) / Loss on Redemption of Investments:

2024: ₹-299.51

2023: ₹-394.25

The profit from the redemption of investments decreased, reflecting lower gains from investment activities.

Interest and Other Income on Investments:

2024: ₹-29.94

2023: ₹-11.81

Increase in interest and other income from investments, indicating higher returns on investments.

(Profit) / Loss on Sale of Fixed Assets:

2024: ₹-0.3

2023: ₹-1.78

Lower loss from the sale of fixed assets, indicating fewer disposals or better gains.

Interest on Income Tax Refund:

2024: ₹-

2023: ₹-1.79

No interest on income tax refund in 2024.

Provision / (Withdrawn) for Diminution in Value of Investments:

2024: ₹-10.15

2023: ₹5.96

A provision withdrawn for diminution in the value of investments in 2024, indicating a reversal of previous provisions.

Operating Profit / (Loss) Before Working Capital Changes:

2024: ₹223.16

2023: ₹216.34

Reflects the company 's ability to generate cash from operations before changes in working capital.

Changes in Working Capital:

Increase / (Decrease) in Provisions:

2024: ₹0.55

2023: ₹0.03

A slight increase in provisions, indicating higher anticipated liabilities.

Increase / (Decrease) in Long Term Liabilities:

2024: ₹0.5

2023: ₹2.93

Decrease in the increase of long-term liabilities, indicating fewer long-term obligations.

Increase / (Decrease) in Other Current Liabilities:

2024: ₹69.37

2023: ₹95.1

Decrease in the increase of other current liabilities, indicating better payment terms or reduced liabilities.

(Increase) / Decrease in Short Term Loan and Advances:

2024: ₹-68.83

2023: ₹1.75

Increase in short-term loans and advances, indicating higher cash outflow.

(Increase) / Decrease in Long Term Loan and Advances:

2024: ₹0.58

2023: ₹1.16

Decrease in long-term loans and advances, indicating reduced cash outflow.

(Increase) / Decrease in Trade Receivables:

2024: ₹2.14

2023: ₹5.62

Decrease in trade receivables, indicating improved cash collection.

(Increase) / Decrease in Other Current Assets:

2024: ₹-23.57

2023: ₹-

Increase in other current assets, indicating higher cash outflow.

Cash Flow From / (Used in) Operating Activities:

2024: ₹203.9

2023: ₹322.93

Reflects the net cash generated from operating activities after working capital adjustments.

Taxes Paid:

2024: ₹-94.47

2023: ₹-88.74

Taxes paid, indicating cash outflows for tax obligations.

Net Cash Flow From / (Used in) Operating Activities:

2024: ₹109.43

2023: ₹234.19

Net cash flow from operating activities decreased, indicating lower cash generation from operations.

Cash Flow from Investing Activities

Purchase of Tangible / Intangible Assets:

2024: ₹-24.18

2023: ₹-13.53

Increase in purchase of tangible/intangible assets, indicating higher capital expenditure.

Purchase / Sale of Investments (Current and Non-Current):

2024: ₹-31.85

2023: ₹-634.63

Decrease in the purchase/sale of investments, indicating reduced investment activity.

(Increase) / Decrease in Other Non-Current Assets:

2024: ₹-2.48

2023: ₹-

Increase in other non-current assets, indicating higher cash outflow.

(Profit) / Loss on Redemption of Investments:

2024: ₹299.51

2023: ₹394.25

Decrease in profit from redemption of investments, indicating lower gains.

Dividend / Bank Interest Received:

2024: ₹29.94

2023: ₹11.81

Increase in dividend/bank interest received, indicating higher returns.

Net Cash Flow From / (Used in) Investing Activities:

2024: ₹270.94

2023: ₹-242.1

Significant positive net cash flow in 2024 compared to a negative figure in 2023, indicating better management of investments.

Net Increase / (Decrease) in Cash & Cash Equivalents

Net Increase / Decrease:

2024: ₹380.37

2023: ₹-7.91

Significant positive net increase in 2024 compared to a slight decrease in 2023, indicating improved liquidity.

Financial Ratios of Kothari Safe Deposits Limited

Here is a summary of the financial and operational metrics for Kothari Safe Deposits Limited for the year 2024 & 2023:

Current Ratio

2024: 1.27

2023: 0.95

Insight: The current ratio has increased from 0.95 to 1.27, indicating improved liquidity. The company now has a better ability to cover its short-term liabilities with its short-term assets, moving from a less favorable liquidity position in 2023 to a more stable one in 2024.

Return on Equity (ROE)

2024: 10.82%

2023: 12.91%

Insight: The return on equity has decreased from 12.91% to 10.82%. While still showing a solid return, the decline suggests that the company’s efficiency in generating profit from shareholders ' equity has slightly diminished over the year.

Net Capital Turnover Ratio

2024: 1.57

2023: -8.49

Insight: The net capital turnover ratio has significantly improved from -8.49 to 1.57. A negative ratio in 2023 indicated inefficiencies and potential losses, whereas the positive ratio in 2024 shows that the company has turned around its capital utilization efficiency and is generating more revenue per unit of capital employed.

Net Profit Ratio

2024: 50.41%

2023: 49.67%

Insight: The net profit ratio has slightly increased from 49.67% to 50.41%. This indicates a small but positive growth in profitability, showing the company’s ability to convert more of its revenue into actual profit.

Return on Capital Employed (ROCE)

2024: 12.53%

2023: 15.49%

Insight: The return on capital employed has decreased from 15.49% to 12.53%. This reduction suggests that the company’s efficiency in generating returns from its capital has decreased, potentially indicating higher costs or lower profit margins on capital employed.

Return on Investment (ROI)

2024: 7.15%

2023: 9.59%

Insight: The return on investment has decreased from 9.59% to 7.15%. This decline indicates that the returns generated on investments have lessened, suggesting the need for better investment strategies or more effective utilization of invested funds.