KSK Energy Ventures Limited Annual Report | Revenue

KSK Energy Ventures Limited (KSK Energy) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
KSK Energy Ventures Limited

KSK ENERGY VENTURES LIMITED Balance Sheet (In Lakhs)

Particulars	2019	2018
ASSETS
1Non-current assets
(a)Property plant and equipment	3,694.09	5,099.05
(b)Capital work in progress	1,914.28	1,908.91
(c)Other in tangible assets	0.28	0.57
(d)Intangible assets under development	0.99	1.54
(e)Financial asset
(i) Investments	2,412.52	2,943.46
(ii)Loans	19.47	25.29
(iii)Other financial asset	2.83	85.81
(f) Deferred tax assets(net)	44.33	274.79
(g)Other non-current assets	208.32	300.19
Total Non-Current Assets	8,297.11	10,639.61
2Current assets
(a)Inventories	57.74	367.34
(b)Financial asset
(i) Investments	79.40	213.98
(ii)Trade receivables	55.52	312.97
(iii)Cash and bank balances	47.23	167.49
(iv)Other bank balances	76.87	326.40
(v)Loans	1,773.52	2,844.01
(vi)Other financial asset	24,042.79	27,888.24
(c)Current tax assets(Net)	129.63	56.01
(d)Other current assets	2,227.50	2,116.51
Total Current Assets	28,490.20	34,292.95
Total Assets	36,787.31	44,932.56
IIEQUITY AND LIABILITIES
1Equity
(a)Equity share capital	4,239.86	4,239.86
(b)Other equity	(145.12)	3,526.38
	4,094.74	7,766.24
(c)Non controlling interest	574.39	1,380.36
Total equity	4,669.13	9,146.60
1Non-current liabilities
(a)Financial liability
(i) Borrowings	6,381.59	10,447.11
(ii)Other financial liabilities	770.94	846.64
(b)Provisions	1.18	7.34
(c)Deferred tax liabilities(net)	54.44	39.49
(d)Other non current liabilities	12.93	15.56
Total Non-Current Liabilities	7,221.08	11,356.14
2Current liabilities
(a)Financial liability
(i) Borrowings	10,348.01	9,358.98
(ii)Trade payables
Dues to micro and small enterprises	6.21	3.30
Dues to other than micro and small enterprises	2,276.16	2,583.25
(iii)Other financial liabilities	12,231.54	12,244.64
(b)Other current liabilities	35.12	238.87
(c)Current Taxliability(Net)	0.06	0.78
Total Current Liabilities	24,897.10	24,429.82
Total Equity & Liabilities	36,787.31	44,932.56

KSK ENERGY VENTURES LIMITED Profit & Loss Statement (In Lakhs)

Particulars	2019	2018
I Revenue from operations	2,073.51	31,490.17
II Other income	88.82	780.28
III Total revenue(I+II)	2,162.33	32,270.45
IV Expenses
Cost of fuel consumed	996.72	19,014.67
Employee benefit expenses	69.43	836.06
Finance costs	1,176.13	21,842.80
Other expenses	292.70	5,397.18
Depreciation and amortisation expenses	346.41	5,997.75
Total expenses	2,881.39	53,088.46
V Profit/(loss) before exceptional items and tax(III-IV)	(719.06)	(20,818.01)
VI Exceptional items	(2,839.55)	2,200.37
VII Profit/(loss)before tax(V-VI)	(3,558.61)	(18,617.64)
VIII Tax expense/(income)
Current tax
For the year	9.44	2.94
In respect of earlier years		(50.44)
MAT credit entitlement	0.32	57.29
Deferred tax	34.62	(1,613.51)
Total tax expense/(income)	44.38	(1,603.72)
IX Profit/(loss)after tax(VII-VIII)	(3,602.99)	(17,013.92)
X Share of profit/(loss)of associate	(212.52)	(111.15)
XI Profit/(loss)for the year(IX+X)	(3,815.51)	(17,125.07)
Attributable to:
Equity holders of the parent	(3,815.51)	(14,262.65)
Non-controlling interest		(2,862.42)
	(3,815.51)	(17,125.07)
XIIOther comprehensive income
(i)(a)Items that will not be reclassified to profit or loss	2.64	(12.45)
(b)Income tax relating to items that will not be reclassified to profit or loss		0.62
(ii)Items that will be reclassified to profit or loss	72.61	7.23
Other comprehensive income for the period,net of tax	75.25	(4.60)
Total comprehensive income(XI+ XII)	(3,740.26)	(17,129.67)
Attributable to:
Equity holders of the parent	(3,740.26)	(14,266.96)
Non-controlling interest		(2,862.71)
	(3,740.26)	(17,129.67)
XIIIEarnings/(loss) per share:
Basic and diluted-face value of Rs10 per share(Rs.)	(9.00)	(33.64)

KSK ENERGY VENTURES LIMITED Consolidated Cash Flow Statement (In Lakhs)

Particulars	2019	2018
CASH FLOW FROM OPERATING ACTIVITIES
Loss before tax	(3,558.61)	(18,617.64)
Adjustments for
Depreciation and amortisation expenses	346.41	5,997.75
Financecost	1,176.13	21,842.80
Interest income	(16.55)	(298.09)
Dividend income	(5.43)	(13.29)
(Profit)/loss on sale of assets,net	(0.89)	(2.64)
Profit on sale of investment		(7.95)
Gain on disposal of subsidiaries/Joint Operations	2,839.55	(8,386.52)
Bad debts / advances written off / provision for doubtful debts		2,152.97
Impairment of property,plant & equipment and others		6,205.85
Foreign exchange differences		15.79
Liability no longer required written back	(6.09)	(23.09)
Others,net	6.44	(99.24)
Operating profit before working capital changes	780.96	8,766.70
Adjustments for working capital
Inventories	134.52	(218.40)
Trade receivables	(116.83)	(6,229.40)
Loans and advances	(13.91)	(128.70)
Other assetsTrade payables	(158.32)	(1,676.63)
Other liabilities and provisions	(219.09)	2,028.74
Cash generated from operations	(46.79)	(133.71)
Income tax (paid) / refund	360.54	2,408.60
Net cash(usedin)/from investing activities	10.10	119.72
CASH FLOW FROM INVESTING ACTIVITIES	370.64	2,528.32
Purchase of fixed assets including capital work-in-progress and capital advances	(130.61)	(10,588.93)
Sale of fixed assets	0.88	21.02
Acquisition of minority interest / dilution of interest in subsidiaries, net	(25.00)	73.83
Disposal / Aquisition of subsidiaries/Joint operations	(18.47)	(590.21)
(Purchase) / sale of current investments, net	134.58	23.40
(Investment)/redemption of bank deposit (having original maturity more than three months)	2.63	(0.17)
(Investment) / redemption of bank deposit	198.20	853.22
Loans and advances(given)/repaid,net	(491.55)	(686.42)
Interest received	21.00	313.80
Dividend received	5.43	-
Net cash used in investing activities	(302.91)	(10,580.46)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from long term borrowings	397.86	26,312.34
Repayment of long term borrowings	(841.67)	(1,521.73)
Proceeds from short term borrowings, net	520.28	5,950.47
Proceedfrom/(repaymentof)otherliabilities	(13.34)	690.47
Payment of finance costs	(323.72)	(24,450.82)
Net cash from/(used in)financing activities	(260.59)	6,980.73
Net increase/(decrease)in cash and cash equivalents	(192.87)	(1,071.41)
Effect of exchange rate changes	72.61	8.96
Cash and cash equivalents at the beginning of the year	167.49	1,229.94
Cash and cash equivalents at the end of the year	47.23	167.49

The cash flow statement for the year 2019 and 2018 reveals the financial activities of the company in three main categories: operating, investing, and financing activities.

Operating Activities:

In 2019, the company reported a loss before tax of ₹3,558.61 lakhs, a significant improvement from the previous year 's loss of ₹18,617.64 lakhs. Adjustments for depreciation, finance costs, and other factors resulted in an operating profit before working capital changes of ₹780.96 lakhs, compared to ₹8,766.70 lakhs in 2018. Working capital adjustments, including changes in inventories, trade receivables, and liabilities, led to a cash outflow of ₹46.79 lakhs in 2019, while it was ₹133.71 lakhs in 2018.

- Loss before tax: ₹3,558.61 lakhs (2019) and ₹18,617.64 lakhs (2018).

- Operating profit before working capital changes: ₹780.96 lakhs (2019) and ₹8,766.70 lakhs (2018).

- Cash generated from operations: (₹46.79) lakhs (2019) and (₹133.71) lakhs (2018).

Investing Activities:

The company engaged in various investing activities, with a net cash outflow of ₹302.91 lakhs in 2019 and ₹10,580.46 lakhs in 2018. Notable transactions included the purchase of fixed assets, sale of fixed assets, acquisition of minority interest, and transactions related to subsidiaries and joint operations.

- Net cash used in investing activities: (₹302.91) lakhs (2019) and (₹10,580.46) lakhs (2018).

- Purchase of fixed assets: (₹130.61) lakhs (2019) and (₹10,588.93) lakhs (2018).

- Sale of fixed assets: ₹0.88 lakhs (2019) and ₹21.02 lakhs (2018).

Financing Activities:

Financing activities involved obtaining and repaying borrowings, dealing with short-term borrowings, and managing other liabilities. In 2019, the net cash from financing activities was (₹260.59) lakhs, contrasting with ₹6,980.73 lakhs in 2018. The company raised funds through long-term borrowings and short-term borrowings, while also making repayments and incurring finance costs.

- Net cash from/(used in) financing activities: (₹260.59) lakhs (2019) and ₹6,980.73 lakhs (2018).

- Proceeds from long-term borrowings: ₹397.86 lakhs (2019) and ₹26,312.34 lakhs (2018).

- Repayment of long-term borrowings: (₹841.67) lakhs (2019) and (₹1,521.73) lakhs (2018).

Overall Cash Flow:

The net increase/(decrease) in cash and cash equivalents was (₹192.87) lakhs in 2019 and (₹1,071.41) lakhs in 2018. Exchange rate changes had a positive impact of ₹72.61 lakhs in 2019 and ₹8.96 lakhs in 2018. The ending cash and cash equivalents were ₹47.23 lakhs in 2019 and ₹167.49 lakhs in 2018.

- Net increase/(decrease) in cash and cash equivalents: (₹192.87) lakhs (2019) and (₹1,071.41) lakhs (2018).

- Effect of exchange rate changes: ₹72.61 lakhs (2019) and ₹8.96 lakhs (2018).

- Cash and cash equivalents at the end of the year: ₹47.23 lakhs (2019) and ₹167.49 lakhs (2018).

Bellow, are the Financial Ratios

Ratios	2019
EBITDA	90.75 %
Net worth	-26.75 %
Debt/Equity Ratio	0.37
Return on Equity	-36.53%
Total Assets	-16.63 %
Fixed Assets	4.15 %
Current Assets	-1.64 %
Current Liabilities	3.54 %
Trade Receivables	-85.10 %
Trade Payables	-24.10 %
Current Ratio	1.9

The provided ratios for the year 2019 offer insights into the financial health and performance of the company across various aspects.

Profitability Ratios:

- EBITDA Margin: The EBITDA margin, calculated as EBITDA divided by total revenue, is 90.75%. This indicates that the company is generating a strong EBITDA relative to its total revenue.

- Return on Equity (ROE): The Return on Equity is -36.53%, reflecting a negative return for shareholders. This suggests that the company has not been able to generate positive returns on its equity investments.

Leverage Ratios:

- Debt/Equity Ratio: The Debt/Equity ratio is 0.37, indicating a moderate level of debt relative to equity. This suggests a balanced capital structure with a higher proportion of equity.

Asset Management Ratios:

- Net worth: The Net worth ratio is -26.75%, implying a negative net worth. This could be a concerning sign as the company 's liabilities exceed its assets.

- Total Assets Turnover: The Total Assets turnover is -16.63%, indicating that the company is not efficiently utilizing its total assets to generate revenue.

Efficiency Ratios:

- Fixed Assets Turnover: The Fixed Assets turnover is 4.15%, showing that the company is generating revenue efficiently from its fixed assets.

- Current Assets Turnover: The Current Assets turnover is -1.64%, indicating that the company might not be effectively using its current assets to generate sales.

Working Capital Ratios:

- Current Ratio: The Current Ratio is 1.9, suggesting that the company has sufficient current assets to cover its current liabilities. This is a positive sign for short-term liquidity.

- Trade Receivables Turnover: The Trade Receivables turnover is -85.10%, suggesting that there may be issues with the collection of receivables, potentially impacting cash flow.

- Trade Payables Turnover: The Trade Payables turnover is -24.10%, indicating potential inefficiencies in managing payables.

KSK Energy Ventures Annual Report

KSK Energy Ventures Limited Annual Report 2019

Download

KSK Energy Ventures Limited Annual Report and Financials

KSK Energy Ventures Limited (KSK Energy) Return Comparision with Primex 40 Index

KSK ENERGY VENTURES LIMITED Balance Sheet (In Lakhs)

KSK ENERGY VENTURES LIMITED Profit & Loss Statement (In Lakhs)

KSK ENERGY VENTURES LIMITED Consolidated Cash Flow Statement (In Lakhs)

Operating Activities:

Bellow, are the Financial Ratios

KSK Energy Ventures Annual Report

KSK Energy Ventures Limited Annual Report 2019

Most Searched Unlisted & Pre IPO Companies Stocks in India

HDB Financial

NSE India

BIRA

Capgemini

Hero Fincorp

Nayara Energy

OTIS Elevator

Sterlite Power

Care Health

PharmEasy

Philips India

Hexaware

Vikram Solar

Reliance GIC

OYO Rooms

BOAT

Tata Capital

SBI AMC

Swiggy Limited

Waree Energies

Rapido

Incred Holdings

News Alert