| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Lava International Limited |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Non-current assets |
|
|
|
Property, plant and equipment |
474.93 |
568.89 |
|
Capital work-in-progress |
201.69 |
191.99 |
|
Intangible assets |
10.51 |
21.77 |
|
Right of use asset |
82.14 |
116.89 |
|
Investments accounted for using the equity method |
60.62 |
60.87 |
|
Investments in equity instruments of other entities |
57.86 |
65.00 |
|
Investments in Subsidiaries |
3,716.14 |
3,716.14 |
|
Other financial assets |
55.02 |
124.26 |
|
Deferred tax assets |
364.45 |
310.23 |
|
Other non-current assets |
32.21 |
208.12 |
|
Current assets |
|
|
|
Inventories |
3,841.49 |
6,202.38 |
|
Investments |
3.06 |
28.73 |
|
Trade receivables |
3,925.57 |
6,563.70 |
|
Cash and cash equivalents |
524.03 |
822.59 |
|
Other bank balances |
843.09 |
914.95 |
|
Other financial assets |
174.83 |
209.68 |
|
Other current assets |
2,938.27 |
2,566.80 |
|
Total assets |
17,305.91 |
22,692.99 |
|
Equity |
|
|
|
Equity share capital |
2,705.63 |
2,705.63 |
|
Instruments entirely equity in nature |
33.42 |
33.42 |
|
Securities premium reserve |
5,690.34 |
5,690.34 |
|
Treasury shares |
-63.34 |
-63.34 |
|
Foreign currency translation reserve |
285.07 |
728.96 |
|
Share based payment reserve |
381.16 |
372.14 |
|
Retained earnings |
465.77 |
4,107.09 |
|
Other reserve |
29.89 |
17.31 |
|
Non-controlling interest |
-0.54 |
-22.83 |
|
Non-current liabilities |
|
|
|
Borrowings |
132.77 |
229.82 |
|
Lease liabilities |
66.75 |
109.47 |
|
Provisions |
61.95 |
59.34 |
|
Current liabilities |
|
|
|
Borrowings |
991.00 |
1,815.08 |
|
Lease liabilities |
42.70 |
38.40 |
|
Trade Payables |
|
|
|
Total outstanding dues of micro enterprises and small |
229.93 |
132.17 |
|
Total outstanding dues of creditors other than micro enterprises |
3,819.20 |
4,655.93 |
|
Other financial liabilities |
1,637.98 |
1,512.84 |
|
Other current liabilities |
479.00 |
326.02 |
|
Provisions |
164.24 |
133.78 |
|
Current tax liabilities |
152.99 |
110.87 |
|
Total equity and liabilities |
17,305.91 |
22,692.44 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Income |
|
|
|
Revenue from operations |
36,460.55 |
49,026.55 |
|
Other income |
209.43 |
273.84 |
|
Total income |
36,669.98 |
49,300.39 |
|
Expenses |
|
|
|
Cost of raw material and components consumed |
17,858.78 |
16,913.71 |
|
Purchase of traded goods |
10,633.47 |
22,995.29 |
|
Changes in inventories of finished goods, spares and stock in trade |
2,181.57 |
667.83 |
|
Employee benefit expenses |
1,808.66 |
1,999.17 |
|
Other expenses |
3,157.10 |
4,211.03 |
|
Total expense |
35,639.58 |
46,787.03 |
|
Earnings before share of loss |
1,030.40 |
2,513.36 |
|
Depreciation and amortization expense |
230.19 |
1,286.56 |
|
Finance costs |
345.56 |
367.22 |
|
Profit before share of loss of an associate & joint venture and tax |
454.65 |
859.58 |
|
Share of loss of joint venture, associates |
0.23 |
0.22 |
|
Profit before tax |
454.42 |
859.58 |
|
Current tax |
170.12 |
118.19 |
|
Tax charge |
0.06 |
-16.98 |
|
Deferred tax |
-54.28 |
5.69 |
|
Profit for the year |
338.52 |
752.46 |
|
Other comprehensive income |
|
|
|
Re-measurement gains/ losses of defined benefit plan |
0.18 |
-1.71 |
|
Income tax relating to this item |
0.05 |
-0.43 |
|
Change in fair value of FVOCI equity instruments |
-37.58 |
- |
|
Exchange difference on translation of foreign operations |
443.89 |
-35.25 |
|
Other comprehensive income/ loss for the year |
406.54 |
-37.39 |
|
Total comprehensive income for the year |
-68.02 |
789.85 |
|
Profit for the year is attributable to |
|
|
|
Equity holders of holding company |
316.77 |
752.62 |
|
Non-controlling interest |
21.74 |
0.15 |
|
Other comprehensive income of the year is attributable to |
|
|
|
Equity holders of holding company |
-406.54 |
37.39 |
|
Total comprehensive income for the year is attributable to |
|
|
|
Equity holders of holding company |
-89.76 |
790.01 |
|
Non-controlling interest |
21.74 |
-0.15 |
|
Earnings per equity share |
|
|
|
Basic |
0.59 |
1.39 |
|
Diluted |
0.59 |
1.28 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash flow from operating activities |
|
|
|
Profit before tax |
454.42 |
859.36 |
|
Adjustment to reconcile profit before tax to net cash flows |
|
|
|
Depreciation |
230.19 |
1,286.56 |
|
Profit/ loss on sale of property, plant and equipment |
-0.65 |
-1.95 |
|
Unrealized foreign exchange gain/ loss |
0.14 |
-65.60 |
|
Net gain on sale of mutual fund investments |
0.22 |
-0.30 |
|
Share of loss/ profit of associate |
0.23 |
0.22 |
|
Fair value gain/ loss on derivative financial instruments at FVTPL |
-1.83 |
1.96 |
|
Provision for share based payment expenses |
9.02 |
16.83 |
|
Provision for inventories obsolescence |
-69.54 |
-20.25 |
|
Provision for the trade receivables and advances |
4.15 |
-0.20 |
|
Amortization of prepaid security deposit |
0.97 |
0.97 |
|
Interest expense |
228.40 |
256.65 |
|
Interest income |
-93.89 |
-74.77 |
|
Operating profit before working capital changes |
761.83 |
2,259.47 |
|
Movements in working capital: |
|
|
|
Increase/ decrease in trade payables and other liabilities |
-418.51 |
205.50 |
|
Increase/ decrease in provisions |
33.06 |
-10.73 |
|
Increase/ decrease in trade receivables |
-790.33 |
-1,445.05 |
|
Increase/ decrease in inventories |
2,430.43 |
-450.36 |
|
Increase/ decrease in other assets |
-772.02 |
-327.76 |
|
Cash generated from operations |
1,244.47 |
231.08 |
|
Income taxes paid |
-114.96 |
-262.01 |
|
Net cash flow from/ used in operating activities |
1,129.51 |
-30.93 |
|
Cash flow from investing activities |
|
|
|
Purchase/sale of property, plant and equipment including capital WIP, intangible & capital advances |
-101.57 |
219.98 |
|
Proceeds from sale of property, plant and equipment |
0.65 |
3.16 |
|
Investment in equity shares of other companies |
6.81 |
-4.49 |
|
Purchase of mutual fund investments |
-63.00 |
-53.50 |
|
sale of mutual fund investments |
88.92 |
25.00 |
|
Investment in bank deposits |
-1,929.09 |
-2,859.66 |
|
Maturity of bank deposits |
2,066.27 |
2,995.09 |
|
Interest received |
124.28 |
49.22 |
|
Net cash flow from/ used in investing activities |
193.27 |
374.81 |
|
Cash flow from financing activities |
|
|
|
Proceeds from long-term borrowings |
80.61 |
13.51 |
|
Movement in Long term borrowings |
-457.45 |
- |
|
Movement in short term borrowings |
-544.28 |
-94.72 |
|
Interest paid on lease liability |
-16.30 |
-18.68 |
|
Payment of principal portion of lease liabilities |
-38.42 |
-33.80 |
|
Interest paid on borrowings |
-202.30 |
-216.69 |
|
Net cash flow from/ used in Financing activities |
-1,178.14 |
-350.38 |
|
Net increase in cash and cash equivalents |
144.63 |
-6.49 |
|
Effect of exchange rates on translation of operating cash flows |
-443.20 |
77.96 |
|
Cash and cash equivalents at the beginning of the year |
822.59 |
751.11 |
|
Cash and cash equivalents at the end of the year |
524.03 |
822.59 |
|
Components of Cash and cash equivalents |
|
|
|
Cash on hands |
2.33 |
5.94 |
|
On deposits account |
308.13 |
751.54 |
|
Other Balances |
213.57 |
65.11 |
|
Total Cash and Cash Equivalents |
524.03 |
822.59 |
Here is a summary of the Cash Flow Statement for the years 2024 and 2023:
Cash Flow from Operating Activities:
In 2024, the company generated a profit before tax of ₹454.42 million, a decrease compared to ₹859.36 million in 2023. Several adjustments were made to reconcile this profit to the actual cash generated from operations. Key adjustments include depreciation of ₹230.19 million (down from ₹1,286.56 million in 2023) and interest expenses of ₹228.40 million, as well as a small loss on the sale of property, plant, and equipment of ₹0.65 million. On the other hand, provisions such as inventory obsolescence (-₹69.54 million) and trade receivables provisions (₹4.15 million) were factored in.
There were substantial changes in working capital as well. Notably, inventories decreased by ₹2,430.43 million in 2024, representing a significant inflow of cash, whereas trade receivables saw a cash outflow of ₹790.33 million, indicating higher outstanding payments from customers. Additionally, trade payables and other liabilities decreased by ₹418.51 million, leading to a cash outflow. After accounting for taxes paid of ₹114.96 million, the net cash generated from operating activities amounted to ₹1,129.51 million in 2024, compared to a slight cash outflow of ₹30.93 million in 2023. This improvement reflects better cash management and a significant reduction in inventories, which boosted liquidity.
Cash Flow from Investing Activities:
Investing activities resulted in a net inflow of ₹193.27 million in 2024, down from ₹374.81 million in 2023. The major outflows were related to the purchase of property, plant, and equipment (₹101.57 million), whereas inflows were driven by the maturity of bank deposits totaling ₹2,066.27 million. The company also received ₹124.28 million in interest income. Notably, there were smaller inflows from the sale of mutual fund investments (₹88.92 million) and the proceeds from the sale of property (₹0.65 million). Despite these inflows, the overall cash generation from investing activities was lower than the previous year, largely due to significant investments in bank deposits.
Cash Flow from Financing Activities:
Financing activities resulted in a net outflow of ₹1,178.14 million in 2024, a significant increase from the outflow of ₹350.38 million in 2023. This was mainly due to repayments of both long-term and short-term borrowings, which amounted to ₹457.45 million and ₹544.28 million, respectively. Additionally, the company incurred interest payments of ₹202.30 million and ₹16.30 million in interest on lease liabilities. Payments related to the principal portion of lease liabilities totaled ₹38.42 million. Despite a small inflow from long-term borrowings of ₹80.61 million, the overall cash outflow from financing activities increased significantly, indicating higher debt repayments.
Net Increase in Cash and Cash Equivalents:
The overall net increase in cash and cash equivalents was ₹144.63 million in 2024, compared to a slight decrease of ₹6.49 million in 2023. However, the company also experienced a negative impact from the translation of foreign exchange, which resulted in a loss of ₹443.20 million. As a result, the cash and cash equivalents at the end of the year decreased to ₹524.03 million, down from ₹822.59 million at the beginning of the year.
Components of Cash and Cash Equivalents:
The company’s cash reserves at the end of 2024 included ₹2.33 million in cash on hand, ₹308.13 million in deposit accounts, and ₹213.57 million in other balances, which contributed to the total of ₹524.03 million. This was a decline compared to the previous year, reflecting lower liquidity as a result of higher debt repayments and investing activities.
