Maharashtra Knowledge Corporation Annual Reports, Balance Sheet and Financials

Maharashtra Knowledge Corporation Limited Balance Sheet (Rs in Lakhs)

Maharashtra Knowledge Corporation Limited Profit & Loss Statement (Rs in Lakhs)

Maharashtra Knowledge Corporation 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

Profit/Loss Before Tax

2024: 7,557.20 million

2023: 6,114.45 million

Insight: The profit before tax has increased from 6,114.45 million in 2023 to 7,557.20 million in 2024. This indicates a strong performance in terms of earnings before tax, showing a significant growth in the company’s profitability.

Adjustments for Non-Cash Items

Depreciation and Amortization Expenses: Increased to 635.31 million in 2024 from 546.35 million in 2023. This rise reflects higher capital expenditures or adjustments in asset valuations.

Provision for Expected Credit Loss: A new provision of 281.75 million was recorded in 2024, which was not present in 2023. This indicates the company has anticipated higher credit losses.

Bad Debts: Increased to 351.6 million in 2024 from 299.71 million in 2023, suggesting a higher level of non-collectible receivables.

Loss/Gain on Fair Valuation of Investment: A loss of -1,085.03 million was recorded in 2024 compared to a smaller loss of -152.03 million in 2023. This indicates a significant decline in the value of investments.

Finance Cost on Lease Liability: Slightly increased to 64.72 million from 64.19 million, indicating stable lease-related finance costs.

Dividend Income: Increased to -372.88 million in 2024 from -98.04 million in 2023, suggesting higher income from investments or joint ventures.

Interest Income: Increased to -2,355.88 million from -1,964.64 million, showing a rise in interest earned on fixed deposits and similar investments.

Miscellaneous Written Back: Decreased to -248.57 million from -314.23 million, reflecting reduced adjustments or recoveries.

Interest on Security Deposit: Increased slightly to -9.83 million from -8.4 million.

Loss/Gain on Sale of Fixed Assets: Recorded a loss of -37.34 million in 2024 compared to a gain of 19.48 million in 2023, suggesting a less favorable outcome from asset sales.

Operating Profit Before Working Capital Changes

2024: 4,781.05 million

2023: 4,506.84 million

Insight: The operating profit before working capital changes has increased, indicating improved core operational efficiency.

Changes in Working Capital

Inventories: Decreased by -53.38 million in 2024 compared to -413.52 million in 2023, suggesting a smaller reduction in inventory levels.

Trade Receivables: Increased by 967.88 million in 2024, compared to 1,212.80 million in 2023, reflecting a higher level of receivables or slower collection.

Other Financial Assets Current: Increased by 37.79 million in 2024, showing an increase in short-term financial assets.

Other Current Assets: Decreased by -44.31 million compared to -74.65 million in 2023, reflecting a smaller change in other current assets.

Other Non-Current Assets: Decreased by -4.41 million in 2024, compared to -808.45 million in 2023, indicating reduced changes in non-current assets.

Bank Balance Other than Cash & Cash Equivalent: No change was recorded in 2024, whereas 399.68 million was reduced in 2023.

Other Financial Assets Non-Current: Decreased by -9.9 million in 2024, compared to an increase of 7.62 million in 2023.

Trade Payables: Increased by 143.25 million in 2024 compared to 707.27 million in 2023, suggesting an increase in payables or extended payment terms.

Other Financial Liabilities Current: Significantly increased by 4,038.02 million compared to 192.3 million in 2023, reflecting a major rise in short-term financial liabilities.

Other Current Liabilities: Increased by 255.38 million in 2024 compared to 289.52 million in 2023.

Provision Current: Increased to 5.83 million from -0.99 million, indicating new or adjusted short-term provisions.

Other Non-Current Liabilities: Decreased by -11.18 million, with no such change in 2023.

Provision Non-Current: Increased to 40.78 million compared to -35.44 million in 2023.

Cash Generated from Operations

2024: 10,146.80 million

2023: 5,155.23 million

Insight: There has been a substantial increase in cash generated from operations, reflecting stronger operational cash flow and improved efficiency in converting profits into cash.

Income Tax Paid

2024: -1,821.76 million

2023: -617 million

Insight: Income tax payments have increased, which might be due to higher taxable profits or changes in tax rates or provisions.

Net Cash from Operating Activities

2024: 8,325.04 million

2023: 4,538.23 million

Insight: The net cash from operating activities has more than doubled, indicating a significant improvement in the company’s ability to generate cash from its core operations.

2. Cash Flow from Investing Activities

Acquisition of Property, Plant, and Equipment (Net)

2024: -100.53 million

2023: -396.68 million

Insight: Capital expenditures have decreased, suggesting a reduction in investment in property, plant, and equipment.

Acquisition of Other Intangible Assets (Net)

2024: -68.12 million

2023: -73.10 million

Insight: Investment in intangible assets has decreased slightly.

Sale/Purchase of Investments (Net)

2024: -4,792.93 million

2023: -2,574.84 million

Insight: There has been a significant increase in net cash used for investments, indicating increased investment activity or larger outflows for investment purchases.

Bank Deposits (Placed)/Matured - Net

2024: -4,709.52 million

2023: -1,868.19 million

Insight: A significant outflow in bank deposits suggests a substantial increase in placements or a reduction in matured deposits.

Acquisition/Disposal of Liquid Mutual Funds - Net

2024: 1,019.41 million

2023: -990.78 million

Insight: There has been a substantial inflow from the disposal of liquid mutual funds, reversing the previous year 's outflow.

Dividend Received

2024:

Joint Venture: 473.79 million

Liquid Funds: 349.01 million

Other Companies: 23.87 million

2023:

Joint Venture: 15 million

Liquid Funds: 75.39 million

Other Companies: 22.65 million

Insight: The company has received significantly higher dividends in 2024, indicating better performance or increased investments in joint ventures and other companies.

Interest Received

2024:

Long Term Tax Free Bonds: 474.19 million

Fixed Deposits with Banks: 585.38 million

Non-Convertible Debentures: 50.8 million

2023:

Long Term Tax Free Bonds: 472.72 million

Fixed Deposits with Banks: 993.11 million

Non-Convertible Debentures: 50.8 million

Insight: Interest received has decreased, particularly from fixed deposits with banks, reflecting lower interest rates or reduced investment balances.

Net Cash (Used in)/Generated from Investing Activities

2024: -6,694.65 million

2023: -4,273.92 million

Insight: Net cash used in investing activities has increased significantly, reflecting higher investment outflows and reduced inflows from asset disposals.

3. Cash Flow from Financing Activities

Dividend Paid

2024: -161.6 million

2023: -121.2 million

Insight: Dividend payments have increased, indicating higher returns to shareholders.

Re-payment of Lease Liability

2024: -206.59 million

2023: -205.84 million

Insight: Lease liability repayments have remained stable, reflecting consistent lease obligations.

Net Cash (Used in)/Generated from Financing Activities

2024: -368.19 million

2023: -327.04 million

Insight: Net cash used in financing activities has increased, indicating higher outflows related to financing activities, including dividends and lease repayments.

4. Net Increase/(Decrease) in Cash and Cash Equivalents

2024: 1,262.20 million

2023: -62.73 million

Insight: The net increase in cash and cash equivalents is substantial in 2024, suggesting a strong improvement in overall cash position compared to the previous year.

5. Cash and Cash Equivalents at the Beginning and End of the Year

Beginning of the Year:

2024: 447.11 million

2023: 509.84 million

End of the Year:

2024: 1,709.31 million

2023: 447.11 million

Insight: The cash and cash equivalents have significantly increased from the beginning to the end of the year, reflecting improved liquidity and cash management.

Financial Ratios of Maharashtra Knowledge Corporation Limited

Here is a summary of the financial and operational metrics for Maharashtra Knowledge Corporation Limited for the years 2024 and 2023:

Current Ratio

2024: 2.02

2023: 2.12

Insight: The current ratio has decreased slightly from 2.12 in 2023 to 2.02 in 2024. This ratio measures the company 's ability to cover short-term liabilities with short-term assets. While the decrease indicates a minor reduction in liquidity, the ratio remains above the ideal benchmark of 1, suggesting that the company continues to maintain a comfortable buffer to meet its short-term obligations.

Return on Equity (ROE)

2024: 12.48%

2023: 10.02%

Insight: ROE has improved significantly from 10.02% in 2023 to 12.48% in 2024. This increase reflects better profitability and efficient use of shareholders ' equity. The higher ROE indicates that the company has been successful in generating higher returns for its shareholders.

Inventory Turnover Ratio

2024: 46.25

2023: 70.86

Insight: The inventory turnover ratio has decreased substantially. In 2024, the company sold and replaced its inventory 46.25 times compared to 70.86 times in 2023. This decline suggests that the company might be holding onto inventory longer or facing slower sales. Lower inventory turnover can imply higher holding costs or potential issues with inventory management.

Trade Receivables Turnover Ratio

2024: 8.00

2023: 3.96

Insight: The trade receivables turnover ratio has increased from 3.96 in 2023 to 8.00 in 2024. This improvement indicates that the company has become more efficient in collecting receivables from customers. A higher ratio suggests shorter collection periods and better management of accounts receivable.

Trade Payables Turnover Ratio

2024: 9.49

2023: 8.02

Insight: The trade payables turnover ratio has increased from 8.02 in 2023 to 9.49 in 2024. This ratio shows how quickly the company is paying off its trade payables. A higher ratio indicates that the company is paying its suppliers more quickly, which might reflect improved cash flow or more favorable payment terms.

Net Capital Turnover Ratio

2024: 3.17

2023: 3.23

Insight: The net capital turnover ratio has slightly decreased, from 3.23 in 2023 to 3.17 in 2024. This ratio measures how effectively the company is using its capital to generate sales. While the decrease is minor, it suggests a slight reduction in capital efficiency.

Net Profit Ratio

2024: 22.51%

2023: 23.50%

Insight: The net profit ratio has decreased slightly from 23.50% in 2023 to 22.51% in 2024. This ratio measures the proportion of net profit to total revenue. Despite the decrease, the ratio remains high, indicating strong profitability and effective cost management.

Return on Capital Employed (ROCE)

2024: 14.78%

2023: 12.73%

Insight: ROCE has increased from 12.73% in 2023 to 14.78% in 2024. This improvement indicates that the company has become more efficient in using its capital to generate profits. A higher ROCE reflects better overall financial performance and effective use of capital.

Dividend History