Lords Mark Industries Limited (Lords Mark) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Lords Mark Industries Limited

Lord’s Mark Industries Limited Balance Sheet (Rs in Thousands)

Particulars	31-3-2024	31-3-2023
Equity and Liabilities
Shareholders ' Funds
Share Capital	5,62,362.43	2,82,910.54
Reserves and Surplus	3,26,613.22	1,80,347.65
Share Application Money Pending Allotment	1,67,004.00	0.00
Minority Interest	16,527.00	16,527.00
Non-Current Liabilities
Long-term Borrowings	9,88,848.92	8,13,989.76
Other Long-term Liabilities	0.00	0.00
Long-term Provisions	0.00	0.00
Current Liabilities
Short-term Borrowings	11,83,440.05	9,46,922.94
Trade Payables	1,72,268.71	1,13,576.92
Short-term Provisions	1,60,778.54	49,416.69
Total Equity and Liabilities	35,77,842.87	24,03,691.50
Assets
Non-Current Assets
Fixed Assets
Tangible Assets	4,77,494.59	3,53,902.44
Intangible Assets	385.21	545.82
Total Fixed Assets	4,77,879.80	3,54,448.26
Non-Current Investments	400.00	410.00
Deferred Tax Assets (net)	10,992.71	9,286.87
Current Assets
Inventories	9,93,723.09	9,14,750.54
Trade Receivables	15,91,723.53	8,47,247.30
Cash and Bank Balances	1,89,182.45	1,00,688.97
Short-term Loans and Advances	3,07,337.29	1,72,373.56
Other Current Assets	6,604.00	4,486.00
Total Assets	35,77,842.87	24,03,691.50

Lord’s Mark Industries Limited Profit & Loss Statement (Rs in Thousands)

Particulars	31-3-2024	31-3-2023
Revenue from Operations
Revenue from Sale of Products	55,52,209.30	30,56,046.55
Total Revenue from Operations	55,52,209.30	30,56,046.55
Other Income	15,298.33	8,992.03
Total Revenue	55,67,507.63	30,65,038.58
Expenses
Cost of Materials Consumed	48,13,821.65	27,08,830.34
Employee Benefit Expense	1,71,579.91	66,197.38
Finance Costs	1,82,865.11	1,15,983.30
Depreciation Expense	49,385.01	46,579.63
CSR Expenditure	0.00	0.00
Other Expenses	1,94,278.60	62,573.59
Total Expenses	54,11,930.28	30,00,164.24
Profit Before Tax	1,55,577.35	64,874.34
Tax Expense
Current Tax	42,485.63	20,146.48
Deferred Tax	497.41	-1,718.27
Total Tax Expense	42,983.04	18,428.21
Profit for the Period	1,12,594.31	46,446.13
Basic Earnings Per Equity Share	0	0
Diluted Earnings Per Equity Share	0	0

Lord’s Mark Industries Limited Consolidated Cash Flow Statement (Rs in Thousands)

Particulars	31-3-2024	31-3-2023
Cash Flows from Operating Activities
Profit before extraordinary items and tax	1,55,577.35	64,874.34
Adjustments for non-cash items and working capital:
Adjustments for Finance Costs	1,82,865.11	1,15,983.30
Adjustments for Depreciation and Amortization Expense	49,385.01	46,579.63
Other Adjustments for Non-Cash Items	-497.41	1,718.27
Total Adjustments to Profit (Loss)	2,31,753.71	1,64,281.20
Adjustments for Decrease (Increase) in Inventories	-78,972.55	-2,35,858.16
Adjustments for Decrease (Increase) in Trade Receivables	-7,44,476.23	2,76,998.82
Adjustments for Decrease (Increase) in Other Current Assets	-1,38,787.57	-46,504.14
Adjustments for Increase (Decrease) in Trade Payables	58,691.79	4,72,762.09
Adjustments for Increase (Decrease) in Other Current Liabilities	2,36,517.11	3,28,695.51
Adjustments for Provisions	1,11,361.85	4,532.18
Total Adjustments for Working Capital	-5,55,665.60	-1,44,897.88
Total Adjustments for Reconciliation	-3,23,912.89	19,383.32
Net Cash Flows from (Used in) Operations Before Income Taxes	-1,68,335.54	84,257.66
Income Taxes Paid (Refund)	42,498.59	20,176.59
Net Cash Flows from (Used in) Operating Activities	-2,10,834.13	64,081.07
Cash Flows from Investing Activities
Purchase of Tangible Assets	-1,72,816.55	-2,12,407.14
Other Inflows (Outflows) of Cash	10.00	-10.00
Net Cash Flows from (Used in) Investing Activities	-1,72,806.55	-2,12,417.14
Cash Flows from Financing Activities
Proceeds from Issuing Shares	4,46,455.89	2,46,000.54
Interest Paid	-1,82,865.11	-1,15,983.30
Other Inflows (Outflows) of Cash	2,08,543.38	50,262.45
Net Cash Flows from (Used in) Financing Activities	4,72,134.16	1,80,279.69
Net Increase (Decrease) in Cash and Cash Equivalents	88,493.48	31,943.62
Cash and Cash Equivalents at Beginning of Period	1,00,688.97	68,745.35
Cash and Cash Equivalents at End of Period	1,89,182.45	1,00,688.97

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

Cash Flows from Operating Activities

During the period from 01/04/2023 to 31/03/2024, the company recorded a profit before tax of ₹1,55,577.35, which is higher than the ₹64,874.34 recorded for the previous period. Several adjustments were made to account for non-cash items and changes in working capital. These adjustments included finance costs of ₹1,82,865.11, depreciation and amortization expenses of ₹49,385.01, and other non-cash adjustments of ₹-497.41. After applying these adjustments, the total adjustments to profit amounted to ₹2,31,753.71, compared to ₹1,64,281.20 in the previous period.

The company also made adjustments for working capital changes. The adjustments for inventory and trade receivables were negative, indicating a decrease in working capital. Specifically, there was a decrease in inventories by ₹78,972.55 and a decrease in trade receivables by ₹7,44,476.23. Additionally, the adjustments for other current assets and provisions were negative, contributing to an overall decrease in working capital. The total adjustments for working capital amounted to ₹-5,55,665.60 in 2023-24, compared to ₹-1,44,897.88 in 2022-23. After all adjustments, the net cash used in operating activities was ₹-2,10,834.13 for the current period, compared to a positive cash flow of ₹64,081.07 in the previous period.

Cash Flows from Investing Activities

The company spent ₹1,72,816.55 on purchasing tangible assets during the period from 01/04/2023 to 31/03/2024, which is a decrease compared to ₹2,12,407.14 in the previous year. Additionally, there was a small inflow of ₹10.00 from other cash activities. Overall, the net cash used in investing activities amounted to ₹-1,72,806.55, which is slightly less than the ₹-2,12,417.14 used in the previous period.

Cash Flows from Financing Activities

In terms of financing activities, the company raised ₹4,46,455.89 from issuing shares, which represents a significant increase compared to ₹2,46,000.54 raised in the previous period. However, interest paid during the period was ₹1,82,865.11, which is higher than the ₹1,15,983.30 paid in 2022-23. The company also experienced a positive cash inflow of ₹2,08,543.38 from other financing activities. The net cash generated from financing activities for the year was ₹4,72,134.16, which is a notable increase compared to ₹1,80,279.69 in the previous year.

Net Increase (Decrease) in Cash and Cash Equivalents

As a result of the combined cash flows from operating, investing, and financing activities, the net increase in cash and cash equivalents during the period from 01/04/2023 to 31/03/2024 was ₹88,493.48. This is a significant improvement compared to the net increase of ₹31,943.62 in the previous period. The cash and cash equivalents at the beginning of the period were ₹1,00,688.97, and by the end of the period, the cash and cash equivalents stood at ₹1,89,182.45, showing a healthy increase.