LJ international Annual Reports, Balance Sheet and Financials

L.J. International Limited Standalone Balance Sheet (Rs. in Lakhs)

Particulars	31-03-2024	31-03-2023
Non-current assets
Property, plant and equipment	185.97	183.14
Non-current investments	731.87	683.96
Deferred Tax Assets	23.77	65.70
Long term Loans and Advances	1.96	1.47
Current assets
Current Investments	56.22	77.86
Inventories	69.90	97.97
Trade Receivables	208.48	303.67
Cash and cash equivalents	1,223.99	1,329.38
Short term loans and advances	45.93	112.99
Accrued Income	24.95	28.29
Total Assets	2,573.04	2,884.43
Equity
Equity Share capital	54.00	54.00
Reserve and surplus	2,342.61	2,413.51
Non-Current liabilities
Long-term Provisions	47.88	41.60
Current liabilities
Short-term Borrowings	1.38	-
Trade Payables:
Total outstanding Dues of micro and small enterprises	6.92	-
Total outstanding dues of creditors other than Micro and Small Enterprises	66.97	237.21
Other Current liabilities	7.53	6.74
Short-term Provisions	45.75	131.37
Total Equity and Liabilities	2,573.04	2,884.43

L.J. International Limited Standalone Profit and Loss Account (Rs. in Lakhs)

Particulars	31-03-2024	31-03-2023
Revenue from Operation	1,146.18	1,225.91
Other Income	265.11	103.96
Total Income	1,411.29	1,329.87
Expenses
Cost of material consumed	121.09	136.09
Purchase of stock-in-trade	19.56	22.25
Changes in inventory of Finished goods, WIP & stock-in-trade	7.14	6.15
Employee Benefit Expense	592.03	580.06
Finance Cost	-	1.10
Depreciation and Amortisation Expense	13.44	22.79
Other Expenses	660.00	483.89
Total Expense	1,413.26	1,252.33
Profit/Loss before exceptional and extraordinary items and tax	(1.97)	77.54
Exceptional Items	-	563.25
Profit before tax	(1.97)	640.79
Current tax	-	75.00
Deferred tax	41.93	40.74
Profit/(Loss) for the period	(43.90)	525.05
Earnings per Equity Share (Face value of share Rs. 10/-)
Basic	(8.13)	97.23
Diluted	(8.13)	97.23

L.J. International Limited Standalone Cash Flow Statement (Rs. in Lakhs)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Net Profit before Tax	(43.90)	77.54
Adjustments for:
Depreciation	13.44	22.79
Provision for gratuity/ leave encashment	9.91	9.83
Provision for bonus	(0.82)	(0.12)
Profit on sale of Assets	(4.59)	(0.72)
Interest Received	(96.76)	(75.79)
Income from investments	(0.22)	(0.22)
Depreciation on investments	2.09	-
Loss on redemption on Mutual Funds	5.53	0.61
Expenses recovered by mutual funds	3.68	-
Asset Discarded	1.07	-
Deferred tax	41.93	1.10
Write back of provision for expense	3.56	-
Operating Profit before Working Capital Charges	(65.08)	35.02
Adjustments for
Changes in Accrued Income	4.60	-
Changes in Current liabilities	(0.15)	-
Changes in tax provisions	(73.42)	-
Trade and Other Receivables	95.18	(24.35)
Inventories	28.08	(2.60)
Trade payables and other current liabilities	(168.03)	145.18
Other Current assets	67.06	(8.20)
Cash Generated from Operations	(111.76)	145.05
Direct taxes paid	(11.61)	(60.36)
Income tax refund received	(3.40)	-
Cash Flow Before Extraordinary items	(126.77)	84.69
Extraordinary items	-	563.25
Net Cash Generated from Operating Activates	(126.77)	647.94
Cash Flow from Investing Activities
Purchase of Fixed Assets	(17.17)	(10.41)
Sale Proceeds Fixed Assets	4.40	-
Sale/Deletion of Fixed assets	-	2.63
Profit on sale of assets	-	0.72
Increase in investments	(50.00)
Redemption of Short-term investment	12.44	12.36
Changes in long-term loans and advances (Deposits)	(0.49)	-
Interest received	96.76	75.79
Interest Paid	-	(1.10)
Income from investments	0.22	0.22
Net Cash Used in Investing Activities	46.16	80.21
Cash flow from financing activities
Proceeds from Short term borrowings	1.38	-
Dividend paid	(26.16)	-
Net cash flow generated/ (used in) from financing activities	(24.78)	0.00
Net Increase /(Decrease) In Cash and Cash Equivalents	(105.39)	728.15
Cash & Cash Equivalents at the Beginning of the Year	1,329.38	601.23
Cash & Cash Equivalents at the End of the Year	1,223.99	1,329.38

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities

For the year ending 31st March 2024, the company had a net cash outflow of ₹126.77 lakhs from operating activities. This is a decline from the positive ₹647.94 lakhs in the previous year. The company recorded a loss before tax of ₹43.90 lakhs, and though some non-cash items like depreciation (₹13.44 lakhs) and gratuity provisions added back value, large changes in working capital such as a drop in trade payables (₹168.03 lakhs) led to negative operational cash flow.

Cash Flow from Investing Activities

In 2024, the company recorded a net inflow of ₹46.16 lakhs from investing activities, slightly lower than ₹80.21 lakhs in 2023. The inflows were mostly from interest income (₹96.76 lakhs) and redemption of investments (₹12.44 lakhs), while outflows included purchase of fixed assets (₹17.17 lakhs) and some increase in investment holdings.

Cash Flow from Financing Activities

The company had a net outflow of ₹24.78 lakhs from financing activities in 2024, mainly due to dividend payments (₹26.16 lakhs). There was a small inflow of ₹1.38 lakhs from short-term borrowings. In the previous year, financing cash flow was neutral.

Net Changes in Cash and cash equivalents

Overall, the company’s cash balance decreased by ₹105.39 lakhs in 2024. The closing cash and equivalents stood at ₹1,223.99 lakhs, down from ₹1,329.38 lakhs the previous year. The drop was mainly due to the negative operating cash flow and dividend payout, despite some gains from investments.

L.J. International Limited Financial Ratios

Particulars	2024	2023
Current Ratio	12.68	5.20
Debt Service Coverage Ratio	-	499.04
Return on Equity	-1.83%	25.97%
Inventory Turnover Ratio	13.66	12.68
Trade Receivables Turnover Ratio	4.48	4.21
Trade Payables Turnover Ratio	0.77	1.02
Net Capital Turnover Ratio	0.75	0.96
Net Profit Ratio	-4%	43%
Return on Capital Employed	0.00	0.26

Here is a summary of financial ratios for the years 2024 and 2023:

Current Ratio

The current ratio increased from 5.20 in 2023 to 12.68 in 2024. This shows a very strong short-term financial position, meaning the company has more than enough current assets to cover its short-term liabilities.

Debt Service Coverage Ratio

This ratio was 499.04 in 2023 but is not reported for 2024. The earlier figure indicates a very strong ability to repay debt, but without the latest data, we cannot comment on the current situation.

Return on Equity (ROE)

ROE dropped from a strong 25.97% in 2023 to a negative –1.83% in 2024. This shows a major fall in performance, as the company moved from generating good returns for shareholders to making a loss.

Inventory Turnover Ratio

The ratio improved slightly from 12.68 to 13.66, meaning the company is managing and selling its inventory a bit more efficiently than before.

Trade Receivables Turnover Ratio

This ratio increased from 4.21 to 4.48, showing the company is collecting payments from customers a little faster, which helps with cash flow.

Trade Payables Turnover Ratio

The ratio dropped from 1.02 to 0.77, indicating that the company is taking more time to pay its suppliers. This may help with short-term cash but could affect supplier relationships.

Net Capital Turnover Ratio

This ratio fell from 0.96 to 0.75, suggesting the company generated less revenue from each unit of capital employed, showing a slight drop in efficiency.

Net Profit Ratio

The net profit ratio dropped drastically from 43% in 2023 to –4% in 2024. This means the company moved from high profitability to a loss, which is a major concern.

Return on Capital Employed (ROCE)

ROCE decreased from 0.26 to 0.00, showing that the company made no return on the total capital it used in 2024, indicating poor overall performance.