Martin And Harris Annual Reports, Balance Sheet and Financials

Martin and Harris Laboratories Limited Balance Sheet (Rs in Lakhs)

Martin and Harris Laboratories Limited Profit & Loss Statement (Rs in Lakhs)

Martin and Harris Laboratories 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

Net Profit before Extraordinary Items and Tax:

In FY 2024, the company generated a profit of ₹5,522.24 lakhs, which is lower than the previous year 's ₹9,208.69 lakhs. This decline could be due to various factors like reduced revenue or increased costs.

Adjustments:

Interest received, grants written back, rent received, and gain on sale of investments are subtracted because they are non-operating income. Interest received reduced significantly in FY 2024 to ₹3,255.11 lakhs from ₹2,127.97 lakhs in FY 2023. Other adjustments include interest paid and depreciation expenses.

Operating Profit before Working Capital Changes:

This figure reflects the core operational efficiency of the company. In FY 2024, it stands at ₹2,662.12 lakhs, indicating a decline compared to the previous year 's ₹7,239.73 lakhs.

Changes in Working Capital:

This section shows the impact of changes in current assets and liabilities. Key changes include a decrease in inventories in FY 2024 (-₹1,165.11 lakhs) and trade receivables (-₹60.3 lakhs). The cash generated from operations improved significantly in FY 2024 to ₹3,343.53 lakhs, while in FY 2023, it was a negative figure of -₹31,972.73 lakhs.

Net Income Tax (Paid):

In FY 2024, a net tax payment of -₹1,386.23 lakhs was made, whereas FY 2023 saw a tax refund of ₹2,429.09 lakhs.

Net Cash Flow from Operating Activities:

The net cash flow generated from operations in FY 2024 was ₹1,957.30 lakhs, a significant turnaround from the previous year 's negative cash flow of -₹34,401.82 lakhs, indicating better operational efficiency or improved working capital management.

Cash Flow from Investing Activities

Purchase and Sale of Assets:

The company invested in property, plant, and equipment, resulting in a cash outflow of -₹1,171.13 lakhs in FY 2024, compared to -₹824.50 lakhs in FY 2023.

Sale proceeds from property and investment properties contributed positively to the cash flow, with ₹1,013.95 lakhs and ₹50 lakhs, respectively, in FY 2024.

Investments:

The company made significant investments in non-current assets, leading to a net cash outflow. In FY 2024, bank deposits and purchase of non-current investments led to an outflow of -₹4,405.99 lakhs and -₹956.34 lakhs, respectively. Proceeds from the sale of investments were substantial in FY 2023 (₹63,677.33 lakhs), but no such proceeds were noted in FY 2024.

Net Cash Flow (Used in) Investing Activities:

The net cash flow used in investing activities was -₹2,122.02 lakhs in FY 2024, slightly better than the previous year 's -₹32,544.44 lakhs, showing a reduced level of capital investment or more efficient use of assets.

Cash Flow from Financing Activities

Borrowings:

There was a net inflow from short-term borrowings of ₹364.02 lakhs in FY 2024, compared to ₹24.74 lakhs in FY 2023, indicating a reliance on external financing for operations or investments.

Interest and Dividends:

Interest paid was minimal in FY 2024 (-₹49.35 lakhs) and interest payments in FY 2023 also included dividends paid (-₹207.79 lakhs in both years). The impact of these outflows affected the overall cash flow from financing activities.

Net Cash Flow (Used in) Financing Activities:

The net cash inflow from financing activities was ₹106.87 lakhs in FY 2024, showing an improvement compared to ₹194.10 lakhs in FY 2023. This positive cash flow indicates an increased focus on managing debt and financing costs.

Net Decrease in Cash and Cash Equivalents

The overall cash position decreased by -₹57.85 lakhs in FY 2024 compared to a significant decrease of -₹2,050.48 lakhs in FY 2023. Despite the decrease, the company managed to maintain a better cash flow position in FY 2024.

Cash and Cash Equivalents:

Cash and cash equivalents stood at ₹24.62 lakhs at the end of FY 2024, compared to ₹82.47 lakhs at the end of FY 2023. This decline indicates that while the company improved its operational cash flow, other activities like investing and financing consumed a significant amount of cash.

Dividend History

Martin and Harris Laboratories Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2024 and 2023 is Rs. 5.2 and Rs. 5.2 Per share. Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2024 amounted to Rs 62,237.12 Lakhs, while in 2023, they were Rs. 58,351.82 Lakhs. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance