Lingapur Estates Limited Annual Report and Financials

Lingapur Estates Limited Balance Sheet (Rs in Lakhs)

Lingapur Estates Limited Profit & Loss Statement (Rs in Lakhs)

Lingapur Estates Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities

Net Profit:

The net profit for the year ended 31st March 2023 was ₹61.11, an increase from ₹34.05 in the previous year. This indicates improved profitability.

Depreciation:

Depreciation expense increased from ₹29.95 in 2022 to ₹35.76 in 2023. This reflects higher charges for the wear and tear of assets, possibly due to new acquisitions or changes in depreciation policy.

Dividend Income:

Dividend income received decreased slightly from ₹0.59 in 2022 to ₹2.36 in 2023.

Interest Income:

Interest income decreased slightly from ₹0.48 in 2022 to ₹0.77 in 2023.

Interest Paid:

Interest paid on borrowings decreased from ₹19.67 in 2022 to ₹16.5 in 2023. This reduction indicates lower interest expenses, possibly due to repayment of debt or lower borrowing costs.

Miscellaneous Income:

Miscellaneous income decreased from ₹1.98 in 2022 to ₹0.22 in 2023.

Operating Profit Before Working Capital Changes:

The operating profit before working capital changes increased from ₹80.62 in 2022 to ₹110.02 in 2023, reflecting better operational efficiency and profitability.

Adjustments for Working Capital Changes:

Increase/Decrease in Long-term Borrowings: There was an increase of ₹48.38 in long-term borrowings in 2023, indicating additional financing obtained during the year.

Increase/Decrease in Trade Payables: Trade payables increased significantly by ₹221.67 in 2023, compared to a decrease of ₹25 in 2022. This suggests the company extended its payment terms with suppliers.

Increase/Decrease in Current Liabilities: Current liabilities increased by ₹31.43 in 2023, compared to a decrease of ₹3.19 in 2022.

Increase/Decrease in Short-term Provisions: Short-term provisions decreased by ₹24.91 in 2022 and increased by ₹4.41 in 2023, indicating changes in provisions for short-term obligations.

Increase/Decrease in Long-term Loans & Advances: Long-term loans and advances increased by ₹6.18 in 2023, indicating higher long-term lending or advances.

Increase/Decrease in Inventories: Inventories decreased by ₹62.72 in 2023, compared to an increase of ₹27.57 in 2022, indicating better inventory management or higher sales.

Increase/Decrease in Trade Receivables: Trade receivables decreased by ₹22.91 in 2023, compared to an increase of ₹104.94 in 2022, indicating improved collections from customers.

Net Cash Generated from Operations:

The net cash generated from operations increased significantly from ₹171.86 in 2022 to ₹336.46 in 2023, reflecting improved operational performance and effective working capital management.

Cash Flow from Investing Activities

Purchase of Fixed Assets:

Expenditure on fixed assets increased from ₹123.41 in 2022 to ₹247.71 in 2023, indicating higher capital investment.

Investment in Fixed Deposits:

There was a net inflow of ₹12 from fixed deposits in 2023, compared to a net outflow of ₹17.43 in 2022.

Dividend Income and Interest Income:

Dividend income remained stable at ₹2.36 in 2023, compared to ₹0.59 in 2022. Interest income also remained stable at ₹0.77 in 2023, compared to ₹0.48 in 2022.

Investments - Others:

Investments in other areas increased to ₹13.05 in 2023, compared to ₹5 in 2022.

Miscellaneous Income:

Miscellaneous income decreased to ₹0.22 in 2023, compared to ₹1.98 in 2022.

Net Cash Flow from Investing Activities:

Net cash flow from investing activities resulted in an outflow of ₹245.41 in 2023, compared to an outflow of ₹142.79 in 2022, reflecting higher capital expenditures and investments.

Cash Flow from Financing Activities

Adjustment to Reserves:

A minor adjustment of ₹0.22 was made to reserves in 2023.

Interest Paid on Term Loan:

Interest paid on term loans decreased from ₹19.67 in 2022 to ₹16.5 in 2023.

Short-term Borrowings:

No short-term borrowings were reported in 2023, compared to an inflow of ₹161.2 in 2022.

Dividend Paid:

Dividends paid amounted to ₹15.34 in 2023, with no comparable figure for 2022.

Net Cash Flow from Financing Activities:

Net cash used in financing activities was ₹32.06 in 2023, compared to a net inflow of ₹141.53 in 2022, primarily due to the lack of new borrowings and the payment of dividends.

Net Increase in Cash & Cash Equivalents

Net Increase in Cash & Cash Equivalents:

The net increase in cash and cash equivalents was ₹58.99 in 2023, compared to an increase of ₹170.6 in 2022.

Cash & Cash Equivalents at the Beginning of the Year:

The opening balance of cash and cash equivalents was ₹220.94 in 2023, compared to ₹50.34 in 2022.

Cash & Cash Equivalents at the End of the Year:

The closing balance of cash and cash equivalents was ₹279.93 in 2023, compared to ₹220.94 in 2022.

Financial Ratios of Lingapur Estates Limited

Here is a summary of the financial and operational metrics for Lingapur Estates Limited for the year 2023 & 2022:

Current Ratio:

2023: 1.24

2022: 2.7

Insight: The current ratio has decreased significantly from 2.7 to 1.24. This ratio measures the company 's ability to cover its short-term liabilities with its short-term assets. A ratio above 1 indicates good liquidity, but the drop suggests the company has less cushion than the previous year, indicating tighter liquidity management.

Debt-Equity Ratio:

2023: 0.3

2022: 0.25

Insight: The debt-equity ratio has increased from 0.25 to 0.3. This indicates the company has taken on more debt relative to its equity. While still relatively low, the increase suggests a shift towards higher leverage, which could imply a strategic use of debt for growth or operational needs.

Debt Service Coverage Ratio:

2023: 5.01

2022: 3.31

Insight: The debt service coverage ratio has improved from 3.31 to 5.01. This significant improvement indicates the company is more than capable of covering its debt obligations with its operating income, reflecting stronger operational efficiency or increased earnings.

Return on Equity (ROE):

2023: 7.18%

2022: 5.00%

Insight: The ROE has increased from 5.00% to 7.18%, indicating improved profitability and better returns to shareholders. This improvement suggests the company is generating higher profits from its equity base.

Inventory Turnover Ratio:

2023: 9.86

2022: 7.7

Insight: The inventory turnover ratio has increased, indicating the company is selling and replenishing its inventory more frequently. This could suggest better inventory management and higher sales efficiency.

Trade Receivable Turnover Ratio:

2023: 170.07

2022: 17.47

Insight: The dramatic increase in the trade receivable turnover ratio indicates much faster collection of receivables, which can improve cash flow. This could be due to better credit management or changes in sales terms.

Trade Payable Turnover Ratio:

2023: 4.31

2022: 33.43

Insight: The trade payable turnover ratio has decreased significantly. This suggests that the company is taking longer to pay its suppliers compared to the previous year, which could improve liquidity but might strain supplier relationships.

Net Capital Turnover Ratio:

2023: 30.59

2022: 9.44

Insight: The net capital turnover ratio has increased significantly, indicating more efficient use of net working capital to generate sales. This suggests improved operational efficiency.

Net Profit Ratio:

2023: 3.31%

2022: 3.07%

Insight: The net profit ratio has slightly improved, indicating marginally better profitability. This reflects a consistent improvement in the company’s ability to convert sales into actual profit.

Return on Capital Employed (ROCE):

2023: 6.61%

2022: 4.12%

Insight: The ROCE has increased from 4.12% to 6.61%, indicating better efficiency in using capital to generate profits. This suggests enhanced overall performance and profitability.

Return on Investment (ROI):

2023: 7.18%

2022: 5.00%

Insight: The ROI has increased, showing that the company is achieving higher returns on its investments, reflecting improved investment decisions or operational performance.

Dividend History

Lingapur Estates Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2023 is Rs. 1.00, Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.