Manjushree Technopack Annual Reports, Balance Sheet and Financials

Manjushree Technopack Limited Balance Sheet (Rs in Lakhs)

Manjushree Technopack Limited Profit & Loss Statement (Rs in Lakhs)

Manjushree Technopack 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 Before Tax:
The profit before tax increased from ₹9,110.28 million in 2023 to ₹16,085.06 million in 2024. This indicates a substantial growth in profitability over the year.

Adjustments for Non-Cash Items:

• Depreciation and Amortisation Expense: This increased from ₹13,282.41 million to ₹15,487.96 million, reflecting higher depreciation due to increased asset base.
• Profit on Sale of Property, Plant and Equipment: The profit decreased from ₹96.61 million to ₹1,536.37 million, suggesting more gains realized on asset sales in 2024.
• Provision for Doubtful Receivables and Advances: These provisions slightly increased, indicating cautious financial management in dealing with potential bad debts.
• Interest Income: Decreased from ₹457.91 million to ₹376.10 million, reflecting lower interest earned.
• Rental Income: Decreased from ₹330.00 million to ₹129.78 million, indicating reduced rental revenue.
• Share-Based Payments: Decreased from ₹598.82 million to ₹356.27 million, showing reduced compensation in the form of stock options.
• Liabilities No Longer Required Written Back: This is a new entry in 2024, with ₹253.65 million written back, suggesting reversal of previously recognized liabilities.
• Fair Value on Deferred Purchase Consideration on Acquisition: New for 2024, showing a reduction of ₹1,028.91 million, indicating adjustments on acquisitions.
• Reduction in Carrying Value of Non-Current Assets Held for Sale: This is a new entry in 2024, showing a reduction of ₹124.81 million.
• Unrealised Foreign Currency Exchange Loss/Gain: The unrealized loss decreased from ₹24.35 million gain to ₹4.00 million loss, indicating a minor impact of currency fluctuations.

Operating Profit Before Working Capital Changes:
This increased from ₹30,080.32 million to ₹38,189.97 million, reflecting improved operational performance.

Working Capital Adjustments:

• Inventories: Reduced from ₹2,645.83 million to ₹125.93 million, indicating a decrease in stock levels.
• Trade Receivables: Improved from a decrease of ₹3,272 million to an increase of ₹445.58 million, indicating better collection from customers.
• Current and Non-Current Assets and Other Financial Assets: Increased from ₹3,805.47 million to ₹63.28 million, showing changes in other asset holdings.
• Trade Payables: Decreased from ₹2,797.01 million to ₹572.84 million, reflecting lower outstanding payables.
• Other Liabilities: Improved from a decrease of ₹1,133.12 million to an increase of ₹761.04 million.
• Provisions: Increased from ₹14.50 million to ₹544.23 million, indicating higher provisions for future liabilities.

Cash Generated from Operations:
This increased from ₹34,937.64 million to ₹37,840.47 million.

Income Taxes Paid (Net of Refunds):
Decreased slightly from ₹2,681.18 million to ₹2,599.48 million.

Net Cash Inflow from Operating Activities:
This increased from ₹32,256.46 million to ₹35,240.99 million, showing better cash flow from operations.

2. Cash Flows from Investing Activities:

Purchase of Property, Plant, and Equipment:
Increased from ₹14,580.50 million to ₹18,913.78 million, indicating more investment in assets.

Proceeds from Sale of Property, Plant, and Equipment:
Increased from ₹1,640.45 million to ₹6,699.09 million, suggesting more sales of assets.

Acquisition of New Business:
Decreased significantly from ₹19,190.07 million to ₹1,502.63 million, indicating fewer acquisitions.

Upward Commitment Fees:
A new entry in 2024, with an expense of ₹1,500.00 million.

Purchase of Non-Current Investments:
Decreased from ₹395 million to ₹270 million.

Fixed Deposits with Bank Matured:
A new entry in 2024 with ₹397.83 million maturing.

Rental Received:
Decreased from ₹330.00 million to ₹129.79 million.

Margin Money Deposits (Made)/Received:
Increased from an outflow of ₹18.00 million to an inflow of ₹36.87 million.

Interest Received:
Increased from ₹260.58 million to ₹388.71 million.

Net Cash Outflow from Investing Activities:
Decreased from ₹31,554.71 million to ₹14,931.95 million, indicating reduced outflow due to investing activities.

3. Cash Flows from Financing Activities:

Proceeds from Long-Term Borrowings:
Decreased from ₹15,610.51 million to ₹4,499.83 million.

Repayment of Long-Term Borrowings:
Increased from ₹2,091.11 million to ₹4,176.33 million.

Proceeds from/(Repayment of) Short-Term Borrowings (Net):
Reversed from an inflow of ₹1,284.76 million to an outflow of ₹2,843.58 million.

Repayment of Lease Liabilities:
Increased from ₹1,617.48 million to ₹2,741.23 million.

Dividend Paid:
Increased from ₹1,557.99 million to ₹8,819.55 million, reflecting higher distribution to shareholders.

Interest Paid on Lease Liabilities:
Increased from ₹786.72 million to ₹1,350.19 million.

Interest and Financing Charges Paid:
Increased from ₹8,674.08 million to ₹10,275.14 million.

Net Cash Inflow (Outflow) from Financing Activities:
Decreased from an inflow of ₹2,167.89 million to an outflow of ₹25,706.19 million, indicating higher net outflows due to financing activities.

4. Net Increase (Decrease) in Cash and Cash Equivalents:The cash and cash equivalents decreased by ₹5,397.15 million in 2024 compared to an increase of ₹2,869.64 million in 2023.

Cash and Cash Equivalents at the Beginning of the Year:
Increased from ₹4,967.07 million to ₹7,836.71 million.

Cash and Cash Equivalents at the End of the Year:
Decreased from ₹7,836.71 million to ₹2,439.56 million.

Financial Ratios of Manjushree Technopack Limited

Here is a summary of the financial and operational metrics for Manjushree Technopack Limited for the year 2024 & 2023:

Current Ratio

2024: 1.07

2023: 1.14

Insight: The current ratio decreased from 1.14 in 2023 to 1.07 in 2024, indicating a slight reduction in the company’s ability to cover its short-term liabilities with its short-term assets. While still above 1, the decline suggests a potential tightening of liquidity or an increase in short-term liabilities.

Debt-Equity Ratio

2024: 0.75

2023: 0.85

Insight: The debt-equity ratio improved from 0.85 to 0.75, reflecting a reduction in the company’s leverage. This improvement indicates a stronger financial position with less reliance on debt financing relative to equity, which generally implies lower financial risk.

Debt Service Coverage Ratio (DSCR)

2024: 2.22

2023: 2.19

Insight: The DSCR slightly increased from 2.19 to 2.22, indicating a marginal improvement in the company 's ability to cover its debt service obligations (interest and principal payments) from its operating cash flow. This suggests a stable or slightly better capacity to meet debt obligations.

Return on Equity (ROE)

2024: 14.47%

2023: 6.47%

Insight: ROE nearly doubled from 6.47% to 14.47%, showing a significant improvement in the company’s profitability relative to shareholders ' equity. This substantial increase reflects enhanced profitability and efficient use of equity capital.

Inventory Turnover Ratio

2024: 3.50

2023: 3.76

Insight: The inventory turnover ratio decreased from 3.76 to 3.50, indicating a slower rate of inventory turnover. This may suggest that the company is holding onto inventory longer, potentially due to reduced sales or overstocking, which could impact liquidity and increase holding costs.

Trade Receivables Turnover Ratio

2024: 6.93

2023: 7.50

Insight: The trade receivables turnover ratio declined from 7.50 to 6.93, reflecting a decrease in the efficiency of collecting receivables. This could indicate longer collection periods or a potential increase in overdue accounts, which may impact cash flow.

Trade Payables Turnover Ratio

2024: 4.64

2023: 5.41

Insight: The trade payables turnover ratio decreased from 5.41 to 4.64, suggesting that the company is taking longer to pay its suppliers. This could be a strategy to improve cash flow, but it might also strain supplier relationships.

Net Capital Turnover Ratio

2024: 15.26

2023: 14.30

Insight: The net capital turnover ratio increased from 14.30 to 15.26, indicating improved efficiency in utilizing net capital to generate sales. This shows that the company is generating more revenue per unit of net capital employed.

Net Profit Ratio

2024: 6.66%

2023: 2.84%

Insight: The net profit ratio more than doubled from 2.84% to 6.66%, reflecting a significant improvement in profitability. This substantial increase indicates that the company has improved its overall cost management and pricing strategies.

Return on Capital Employed (ROCE)

2024: 16.98%

2023: 11.68%

Insight: ROCE improved from 11.68% to 16.98%, highlighting enhanced efficiency in generating profits from capital employed. This indicates a more effective use of capital to generate returns, suggesting robust operational performance and investment effectiveness.