Kurlon Enterprise Annual Reports, Balance Sheet and Financials

Kurlon Enterprise Limited Balance Sheet (Amt. in Lakhs)

Kurlon Enterprise Limited Profit & Loss Statement (Amt. in Lakhs)

Kurlon Enterprise Limited Consolidated Cash Flow Statement (Amt. in Lakhs)

Let 's break down the Cash Flow Statement for the years 2024 and 2023, activity-wise:

Cash Flows from Operating Activities

Profit before Tax

31-03-2024: -5475.46 / 31-03-2023: 791.71 A significant loss before tax in 2024 compared to a profit in 2023.

Adjustments for Non-Cash and Other Items

These adjustments reconcile net income to the cash generated or used in operations, accounting for items that affect reported profits but not cash.

Depreciation and Amortization Expense

31-03-2024: 2531.33 / 31-03-2023: 3590.98 non-cash expense added back to net income.

Finance Costs

31-03-2024: 478.31 / 31-03-2023: 527.01 Added back as these are financing costs.

Advances to Suppliers Written Off

31-03-2024: 4.78 / 31-03-2023: 1.42 non-cash expense indicating funds previously advanced to suppliers were written off.

Liabilities/Provisions No Longer Required Written Back

31-03-2024: -526.69 / 31-03-2023: -59.5 Reduction in liabilities or provisions, increasing cash flow.

Provision for Doubtful Advances

31-03-2024: - / 31-03-2023: 276.68 Added back as it 's a non-cash provision in 2023.

Provision for Expected Credit Loss

31-03-2024: 18.17 / 31-03-2023: 73.78 non-cash expense added back.

Provision for Warranty

31-03-2024: 237.12 / 31-03-2023: 363.07 non-cash provision added back.

Advances/Balances Written Off

31-03-2024: 1870.14 / 31-03-2023: - non-cash write-off added back in 2024.

Bad Debts Written Off

31-03-2024: 10.37 / 31-03-2023: 25.44 non-cash write-off added back.

Fair Value (Gain) / Loss on Investments (Net)

31-03-2024: -15.39 / 31-03-2023: 511.28 Gain subtracted and loss added back.

(Profit) / Loss on Sale of Investments (Net)

31-03-2024: -26.1 / 31-03-2023: -491.04 Gain subtracted and loss added back.

(Profit) / Loss on Sale of Property, Plant and Equipment (Net)

31-03-2024: 1528.46 / 31-03-2023: 304.19 Loss added back and gain subtracted.

Gain on Early Termination of Lease

31-03-2024: -166.94 / 31-03-2023: -72.93 Gain subtracted.

Net Loss on Foreign Currency

31-03-2024: 3.43 / 31-03-2023: - Added back as it 's a non-cash loss.

Goodwill Written Off

31-03-2024: 2103.16 / 31-03-2023: - non-cash write-off added back in 2024.

Rental Income

31-03-2024: -7.8 / 31-03-2023: - Subtracted as its non-operating income.

Interest Income

31-03-2024: -39.9 / 31-03-2023: -149.59 Subtracted as its non-operating income.

Operating Profit before Working Capital Changes

31-03-2024: 2526.99 / 31-03-2023: 5692.50 Adjusted profit indicating cash generated before working capital changes.

Changes in Working Capital

Changes in working capital reflect the movement in current assets and liabilities affecting cash flow.

Decrease / (Increase) in Inventories

31-03-2024: -951.68 / 31-03-2023: 3964.60 Increase in inventory reduces cash flow, while a decrease improves it.

Decrease / (Increase) in Loans and Trade Receivables

31-03-2024: -1375.54 / 31-03-2023: 389.52 Increase in receivables reduces cash flow, while a decrease improves it.

Decrease / (Increase) in Other Financial and Non-Financial Assets

31-03-2024: 4817.39 / 31-03-2023: -22801.30 A significant decrease in other assets improves cash flow in 2024, while a substantial increase in 2023 reduces it.

Increase / (Decrease) in Trade Payables

31-03-2024: 593.99 / 31-03-2023: -657.35 Increase in payables improves cash flow, while a decrease reduces it.

Increase / (Decrease) in Other Financial Liabilities, Non-Financial Liabilities, and Provisions

31-03-2024: -660.72 / 31-03-2023: -149.68 Decrease in liabilities and provisions reduces cash flow.

Cash Generated from Operations

31-03-2024: 4950.43 / 31-03-2023: -13561.71 Significant improvement in cash generated from operations in 2024 compared to a large outflow in 2023.

Income Taxes Paid (Net of Refunds)

31-03-2024: 260.14 / 31-03-2023: -774.71 Positive cash flow from tax refunds in 2024 compared to tax payments in 2023.

Net Cash Flows from Operating Activities (A)

31-03-2024: 5210.57 / 31-03-2023: -14336.42 Positive net cash flow in 2024 compared to a significant outflow in 2023.

Cash Flows from Investing Activities

Purchase of Property, Plant and Equipment and Change in Capital Work in Progress

31-03-2024: -6357.28 / 31-03-2023: -611.22 Significant cash outflow for capital expenditures in 2024 compared to 2023.

Proceeds from Sale of Property, Plant and Equipment

31-03-2024: 494.22 / 31-03-2023: 1319.18 Cash inflow from asset sales, lower in 2024 compared to 2023.

Capital Advances (Paid) / Received

31-03-2024: 1483.49 / 31-03-2023: 638.19 Positive cash flow from advances in 2024 compared to 2023.

Investment in Mutual Funds (Net)

31-03-2024: 615.97 / 31-03-2023: 9086.00 Positive cash flow from mutual fund investments in both years, significantly higher in 2023.

Reduction of Reserves on Sale of Subsidiaries

31-03-2024: 266.39 / 31-03-2023: - Positive cash flow from the sale of subsidiaries in 2024.

Bank Deposits (Investment) / Redemption

31-03-2024: -61.6 / 31-03-2023: 4085.74 Cash flow from bank deposits shows a small outflow in 2024 compared to a significant inflow in 2023.

Rental Income Received (Short Term Lease)

31-03-2024: 7.8 / 31-03-2023: - Positive cash flow from rental income in 2024.

Interest Income Received

31-03-2024: 39.9 / 31-03-2023: 190.09 Positive cash flow from interest income in both years, higher in 2023.

Net Cash Flow from Investing Activities

31-03-2024: -3511.12 / 31-03-2023: 14707.98 Net cash outflow in 2024 compared to a significant inflow in 2023 due to various investing activities.

Cash Flows from Financing Activities

Net (Repayment of) / Proceeds from Short-Term Borrowings

31-03-2024: -1714.25 / 31-03-2023: 971.01 Cash outflow from repaying borrowings in 2024 compared to an inflow from borrowings in 2023.

Payment of Lease Liabilities (Principal and Interest)

31-03-2024: -1416.08 / 31-03-2023: -790.87 Cash outflow for lease payments in both years, higher in 2024.

Finance Costs

31-03-2024: -80.11 / 31-03-2023: -529.65 Cash outflow for financing costs in both years, lower in 2024.

Dividend Paid

31-03-2024: -658.05 / 31-03-2023: -183.08 Cash outflow for dividends paid, higher in 2024.

Net Cash Flows from / (Used in) Financing Activities

31-03-2024: -3868.49 / 31-03-2023: -532.59 Significant cash outflow in 2024 compared to a smaller outflow in 2023.

Net Increase / (Decrease) in Cash and Cash Equivalents

31-03-2024: -2169.03 / 31-03-2023: -161.03 Overall decrease in cash and cash equivalents in both years, much larger in 2024.

Cash and Cash Equivalents at the Beginning and End of the Year

Beginning of the Year

31-03-2024: 345.97 / 31-03-2023: 507

End of the Year

31-03-2024: -1823.07 / 31-03-2023: 345.97

The end-of-year cash position shows a negative balance in 2024, indicating an overdraft or deficit situation compared to a positive balance in 2023.

Financial Ratios of Kurlon Enterprise Limited

Insight of the financial ratios of Kurlon Enterprise Limited for March 31, 2023

Current Ratio:

It decreased from 2.54 in 2022 to 2.46 in 2023, indicating a slight reduction in the company 's short-term liquidity. However, the ratio still suggests that the company has more than enough current assets to cover its current liabilities.

Debt Equity Ratio:

The debt equity ratio increased from 0.01 in 2022 to 0.03 in 2023, indicating a higher level of debt relative to equity. This could suggest increased leverage or borrowing by the company.

Debt Service Coverage Ratio:

The ratio significantly deteriorated from 3.35 in 2022 to -8.38 in 2023. A negative ratio indicates that the company 's cash flow from operations is insufficient to cover its debt service obligations. This is a concerning trend and may indicate financial distress.

Return on Equity (ROE) Ratio:

The ROE ratio declined from 0.01 in 2022 to -0.03 in 2023, indicating a negative return on shareholders ' equity. This implies that the company 's profitability relative to shareholders ' equity worsened during the period.

Inventory Turnover Ratio:

The inventory turnover ratio increased from 4.01 in 2022 to 4.97 in 2023, indicating that the company is selling its inventory at a faster rate. This could suggest improved efficiency in inventory management.

Trade Receivable Turnover Ratio:

The trade receivable turnover ratio increased slightly from 14.14 in 2022 to 14.90 in 2023, indicating that the company is collecting its receivables slightly more efficiently.

Trade Payable Turnover Ratio:

The trade payable turnover ratio decreased from 6.95 in 2022 to 6.11 in 2023, suggesting that the company is taking longer to pay its suppliers. This could indicate potential cash flow challenges or changes in payment terms.

Net Capital Turnover Ratio:

The net capital turnover ratio increased from 3.32 in 2022 to 3.42 in 2023, indicating that the company generated more sales per unit of capital invested.

Net Profit Ratio:

The net profit ratio worsened from 0.00 in 2022 to -0.02 in 2023, indicating that the company 's profitability decreased, and it incurred a net loss during the period.

Return on Capital Employed (ROCE) and Return on Investment (ROI):

Both ROCE and ROI declined from positive figures in 2022 to negative figures in 2023, indicating decreased returns relative to the capital employed and investment made in the company.

Overall, these financial ratios suggest that while there have been some improvements in operational efficiency (such as inventory turnover), the company 's financial health deteriorated significantly in 2023, as evidenced by the negative profitability, declining return ratios, and poor debt service coverage ratio. Further analysis and corrective actions may be necessary to address these issues and improve the company 's financial performance.

Dividend History of Kurlon Enterprise Limited