Manipal Housing Annual Reports, Balance Sheet and Financials

Manipal Housing Balance Sheet (Rs in Lakhs)

 Manipal Housing Profit & Loss Statement (Rs in Lakhs)

 Manipal Housing 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 for the Year:

The company 's profit for the year increased from ₹1,081.14 lakhs in 2023 to ₹1,154.28 lakhs in 2024. This rise indicates a stronger financial performance in 2024 compared to the previous year.

Net Profit before Tax:

The net profit before tax also grew, from ₹1,446.87 lakhs in 2023 to ₹1,551.37 lakhs in 2024. This reflects improved profitability before accounting for tax expenses.

Adjustments for Non-Cash Items:

Depreciation: Increased from ₹34.54 lakhs in 2023 to ₹65.05 lakhs in 2024, indicating higher depreciation expenses which are added back to net profit.

Gratuity Fund: Changed from an expense of ₹14.90 lakhs in 2023 to an income of ₹7.42 lakhs in 2024, impacting cash flow.

Interest Income: Increased from ₹38.87 lakhs in 2023 to ₹50.66 lakhs in 2024, which is deducted from profit.

Interest Expenses: Rose significantly from ₹2,856.17 lakhs in 2023 to ₹3,205.11 lakhs in 2024, representing higher borrowing costs.

Dividend Received: Stable at approximately ₹1.55 lakhs in both years.

(Profit)/Loss on Sale of Property, Plant, and Equipment: Increased from a minimal loss of ₹0.21 lakhs in 2023 to ₹14.80 lakhs in 2024, indicating some loss on asset sales.

Provision for Diminution in Value of Investments: Written back in 2023, showing no such provision in 2024.

Provision for Doubtful Debts: Decreased from ₹132.86 lakhs in 2023 to ₹115.33 lakhs in 2024, which was reversed.

Operating Profit Before Working Capital Changes:

Increased from ₹4,420.57 lakhs in 2023 to ₹4,807.67 lakhs in 2024, showing an improved operational cash flow performance before adjusting for working capital changes.

Adjustments for Changes in Working Capital:

Decrease in Housing & Other Loans Granted: Improved from ₹-2,161.84 lakhs in 2023 to ₹-1,691.27 lakhs in 2024, indicating reduced lending.

Increase in Trade and Other Receivables: Decreased from ₹-93.35 lakhs in 2023 to ₹70.93 lakhs in 2024, suggesting an improvement in receivables.

Decrease in Trade and Other Payables: Shifted from an increase of ₹164.51 lakhs in 2023 to a decrease of ₹-70.06 lakhs in 2024, impacting cash flow.

Cash Generated from Operations:

Increased significantly from ₹2,329.89 lakhs in 2023 to ₹3,117.27 lakhs in 2024, before accounting for interest and taxes.

Interest and Tax Payments:

Interest Paid: Increased from ₹2,853.23 lakhs in 2023 to ₹3,213.12 lakhs in 2024, reflecting higher financing costs.

Income Tax Paid: Reduced from ₹-491.03 lakhs in 2023 to ₹-326.79 lakhs in 2024, indicating a decrease in tax payments.

Net Cash (Used in)/From Operating Activities:

Improved from a negative ₹1,014.37 lakhs in 2023 to a negative ₹422.64 lakhs in 2024, showing a reduction in cash outflows from operating activities.

Cash Flow from Investing Activities

Purchase/Acquisition of Property, Plant, and Equipment:

Increased from ₹-6.52 lakhs in 2023 to ₹-44.39 lakhs in 2024, reflecting higher capital expenditures.

Sale Proceeds from Property, Plant, and Equipment:

Increased marginally from ₹0.34 lakhs in 2023 to ₹18.36 lakhs in 2024.

Purchase of Long-Term Investments:

Increased from ₹-69.99 lakhs in 2023 to ₹-146.85 lakhs in 2024, indicating more investment in long-term assets.

Purchase of Current Investments:

Introduced in 2024 with an outflow of ₹-209.74 lakhs, representing new investments.

Sale/Redemption of Current Investments:

Increased from ₹9.74 lakhs in 2023 to ₹54.74 lakhs in 2024, showing more cash inflow from investment redemptions.

Interest and Dividend Received:

Interest Received: Increased from ₹38.82 lakhs in 2023 to ₹47.58 lakhs in 2024.

Dividend Received: Stable at approximately ₹1.55 lakhs in both years.

Net Cash (Used in)/From Investing Activities:

Increased from a negative ₹26.06 lakhs in 2023 to a negative ₹278.73 lakhs in 2024, reflecting higher cash outflows for investments.

Cash Flow from Financing Activities

Increase/(Decrease) in Public Deposits:

Slightly decreased from ₹1,008.72 lakhs in 2023 to ₹973.63 lakhs in 2024.

Increase/(Decrease) in Bank/NHB Borrowings:

Decreased from ₹-21.42 lakhs in 2023 to ₹-277.55 lakhs in 2024, indicating reduced borrowing.

Dividend Payments:

Dividend Paid on Equity Shares: Decreased slightly from ₹-53.01 lakhs in 2023 to ₹-52.77 lakhs in 2024.

Interim Dividend Paid on Preference Shares: Remained constant at ₹-8.90 lakhs.

Net Cash (Used in)/From Financing Activities:

Decreased from ₹925.39 lakhs in 2023 to ₹634.41 lakhs in 2024, indicating reduced cash inflows from financing activities.

Financial Ratios of Manipal Housing

Here is a summary of the financial and operational metrics for Manipal Housing for the year 2024 and 2023:

The Current Ratio improved from 1.14 in 2023 to 1.32 in 2024, indicating a stronger liquidity position. This means the company is better equipped to meet its short-term liabilities with its short-term assets. The Debt-Equity Ratio decreased from 3.5 to 3.23, reflecting a reduction in the company 's reliance on debt relative to equity, suggesting a more balanced capital structure and reduced financial risk.

The Debt Service Coverage Ratio improved from 0.44 to 0.52, showing better capacity to cover debt obligations from operating income. However, it remains below 1.0, indicating that the company still faces challenges in fully covering its debt payments with operating cash flow.

In terms of profitability, the Net Profit Ratio increased from 19.00% to 20.00%, indicating that a higher percentage of revenue is being converted into net profit, which is a positive sign of improved profitability. The Return on Equity (ROE) slightly decreased from 10.90% to 10.52%, suggesting a minor reduction in the efficiency of generating profit from shareholders ' equity.

The Net Capital Turnover Ratio fell significantly from 3.73 to 1.88, signaling a decline in the efficiency of using capital to generate revenue. This could imply that the company is generating less sales per unit of capital employed, potentially pointing to operational inefficiencies or increased capital requirements.

The Return on Capital Employed (ROCE) improved from 9% to 10%, reflecting better profitability relative to the capital employed in the business. Similarly, the Return on Investment (ROI) increased from 7.06% to 7.59%, indicating a modest improvement in the returns generated from investments.