Lakshmi Precision Annual Report, Balance Sheet & Financials

Lakshmi Precision Technologies Limited Balance Sheet (Rs in Lakhs)

 Lakshmi Precision Technologies Limited Profit & Loss Statement (Rs in Lakhs)

 Lakshmi Precision Technologies 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 exceptional items increased slightly to Rs 645.64 in 2024 from Rs 603.72 in 2023, indicating steady profitability.

Key adjustments include:

Depreciation rose to Rs 282.95 from Rs 234.24, indicating increased usage or acquisition of fixed assets.

Interest expense increased to Rs 150.37 from Rs 129.86, showing higher interest payments, likely due to increased borrowing.

Dividend income increased to Rs 14.84 from Rs 6.05, contributing positively to cash flow.

Interest income saw a modest rise to Rs 6.64, up from Rs 0.54.

After working capital adjustments:

Trade and other receivables increased by Rs 348.91, improving cash flow compared to a decrease of Rs -250.67 in 2023.

Inventories saw an outflow of Rs -259.80, compared to -12.63 in 2023, reflecting higher stock levels.

Trade and other payables decreased by Rs -630.04, negatively affecting cash flow.

Overall, cash generated from operations stood at Rs 515.27, down from Rs 784.88 in 2023, but still positive. After taxes and exceptional items, net cash from operating activities amounted to Rs 417.87, slightly down from Rs 640.55 in 2023.

Cash Flow from Investing Activities

Dividend income contributed Rs 14.84 in 2024, up from Rs 6.05 in 2023, providing a small cash inflow.

Purchase of fixed assets saw a lower outflow of Rs -240.41 in 2024 compared to Rs -530.86 in 2023, indicating reduced capital investment.

Sale of fixed assets was modest, generating Rs 1.69 in 2024, compared to Rs 7.62 in 2023.

A positive inflow of Rs 60.00 from capital work in progress shows a recovery in ongoing projects compared to a Rs -60.00 outflow in 2023.

The overall net cash from investing activities showed an outflow of Rs -156.73 in 2024, improved from Rs -401.81 in 2023, indicating lower investment outflows.

Cash Flow from Financing Activities

Borrowings decreased by Rs -149.64 in 2024, compared to an inflow of Rs 25.65 in 2023, indicating debt reduction.

Short-term borrowings increased slightly by Rs 182.01, compared to Rs 1.75 in 2023, providing some liquidity.

Dividend and dividend distribution tax paid amounted to Rs -116.92, slightly lower than Rs -136.41 in 2023, reflecting shareholder payouts.

Interest paid increased to Rs -150.37, compared to Rs -129.86 in 2023, reflecting higher borrowing costs.

Overall, net cash from financing activities was Rs -234.92, similar to the Rs -238.87 outflow in 2023, indicating a consistent pattern of cash outflows in financing.

Net Increase in Cash & Cash Equivalents

The company reported a net increase in cash and cash equivalents of Rs 26.21 in 2024, compared to a marginal decrease of Rs -0.11 in 2023.

Cash and cash equivalents at the end of the year stood at Rs 27.08, a significant increase from Rs 0.87 in 2023, reflecting improved liquidity.

 Financial Ratios of Lakshmi Precision And Produce Home Finance Limited

Here is a summary of the financial and operational metrics for Lakshmi Precision Technologies Limited for the year 2024 & 2023:

Current Ratio

The current ratio measures a company 's ability to pay its short-term obligations using its short-term assets. An improvement from 0.99 to 1.08 shows the company is now better positioned to cover its current liabilities with current assets, indicating slightly better liquidity.

Inventory Turnover Ratio

The inventory turnover ratio shows how efficiently inventory is sold and replaced over time. A decline from 7.78 to 7.02 suggests that the company took slightly longer to sell its inventory in 2024, potentially indicating reduced sales velocity or higher stock levels.

Receivables Turnover Ratio

The receivables turnover ratio measures how efficiently the company collects payments from customers. A slight increase from 5.24 to 5.33 indicates a marginal improvement in collecting receivables more frequently during 2024, reflecting strong credit control and cash collection processes.

Payables Turnover Ratio

The payables turnover ratio indicates how quickly the company pays its suppliers. An increase from 2.89 to 3.56 suggests the company is paying off its payables more rapidly, which could indicate better liquidity but also might suggest tighter credit terms from suppliers.

Capital Turnover Ratio

The capital turnover ratio measures how efficiently the company uses its capital to generate revenue. A decline from 5.63 to 4.89 shows the company generated less revenue per unit of capital in 2024, indicating slightly less effective use of its capital resources.

Net Profit Ratio

The net profit ratio represents the percentage of revenue that becomes profit. The slight increase from 0.03 to 0.04 indicates a minor improvement in profitability, meaning the company was slightly more efficient at converting revenue into net profit in 2024.

Return on Investment (ROI)

The ROI measures how effectively the company generates profit from its invested capital. A significant increase from 4.22% to 10.35% reflects a much higher return on the company’s investments, indicating improved operational efficiency and better utilization of resources.

Return on Equity (ROE)

The ROE indicates how well the company uses shareholders ' equity to generate profit. A slight increase from 1.02% to 1.21% shows that the company became slightly more effective in generating profit from the equity capital in 2024, a positive sign for shareholders.

Return on Capital Employed (ROCE)

The ROCE measures the efficiency of capital usage in generating profit. A small decline from 0.20% to 0.19% suggests that the company’s effectiveness in using its capital to generate earnings slightly decreased in 2024.

Debt-Equity Ratio

The debt-equity ratio shows the proportion of debt to shareholders ' equity. A small decrease from 18.55 to 18.12 indicates a slight reduction in the company 's leverage, though it remains highly reliant on debt financing, which could pose a risk if cash flows are not consistently strong.

Debt Service Coverage Ratio (DSCR)

The DSCR measures the company’s ability to service its debt with operating income. The substantial increase from 1.93 to 4.08 suggests that the company’s ability to cover its debt obligations has improved significantly, reflecting stronger cash flow generation and reduced financial risk.