Mewar Polytex Annual Report and Financials

Mewar Polytex Limited Balance Sheet (Rs in Lakhs)

 Mewar Polytex Limited Profit & Loss Statement (Rs in Lakhs)

 Mewar Polytex 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:

The cash generated from operations decreased to ₹2,290.33 million from ₹3,475.05 million due to changes in working capital and other adjustments. After accounting for taxes paid, net cash flow from operating activities was ₹1,812.17 million, down from ₹3,328.13 million in the previous year. Net Profit before Tax Increased to ₹1,194.80 million from ₹840.88 million.

Cash Flow from Investing Activities:

Cash outflow decreased to ₹-453.55 million from ₹-3,143.54 million, suggesting reduced capital expenditure or asset sales.

The net cash outflow reduced to ₹-441.39 million from ₹-3,119.64 million, indicating less cash used for investments and asset purchases.

Cash Flow from Financing Activities:

Proceeds from/Repayment of Long-Term Borrowings: Significant outflow of ₹-1,163.95 million in 2024 compared to an inflow of ₹1,090.04 million in 2023, indicating higher repayments of long-term debt.

Increase/Decrease in Bank Borrowings: Outflow of ₹-49.48 million compared to a large outflow of ₹-1,067.95 million in the previous year.

Interest and Financial Charges Paid: Reduced to ₹-228.20 million from ₹-431.91 million.

Net Cash from Financing Activities

The net cash outflow increased to ₹-1,501.64 million from ₹-470.62 million, reflecting higher repayments of borrowings and other financing activities.

Net Increase/(Decrease) in Cash and Cash Equivalents:

The net decrease improved slightly to ₹-130.86 million from ₹-262.13 million.

Opening Cash and Cash Equivalents: Decreased to ₹146.29 million from ₹395.19 million.

Closing Cash and Cash Equivalents: Decreased to ₹15.43 million from ₹133.07 million.

 Financial Ratios of Mewar Polytex Limited

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

Current Ratio:

The current ratio measures a company 's ability to cover its short-term liabilities with its short-term assets. A ratio of 1.46 in 2024 indicates an improved liquidity position compared to 1.18 in 2023. This suggests that the company has become better at managing its short-term obligations with its available assets.

Debt to Equity Ratio:

The debt to equity ratio compares a company 's total debt to its shareholders ' equity. A decrease from 1.82 in 2023 to 1.37 in 2024 indicates a reduction in financial leverage, meaning the company has less debt relative to its equity. This improvement reflects a stronger financial position and lower risk.

Debt Service Coverage Ratio:

This ratio measures the company’s ability to service its debt, including interest and principal repayments, from its operating income. A ratio of 2.52 in 2024 indicates a stronger ability to meet debt obligations compared to 1.77 in 2023, reflecting improved financial stability and lower risk of default.

Return on Equity (ROE) Ratio (%):

ROE measures the return on shareholders ' equity. An increase from 12.13% to 15.12% suggests that the company has become more efficient in generating profits from its equity base. Higher ROE indicates better financial performance and higher returns to shareholders.

Inventory Turnover Ratio:

This ratio indicates how efficiently inventory is sold and replaced over a period. A rise from 5.16 to 7.9 signifies improved inventory management and faster sales, reflecting stronger operational efficiency.

Trade Receivables Turnover Ratio:

This ratio measures how efficiently the company collects its receivables. An increase from 16.15 to 20.61 indicates improved collection efforts and a quicker conversion of receivables into cash, which is a positive sign of operational efficiency.

Trade Payables Turnover Ratio:

This ratio measures how quickly the company pays off its trade payables. A significant increase from 13.24 to 84.89 suggests a faster payment cycle, possibly indicating better relationships with suppliers or improved cash flow management.

Net Capital Turnover Ratio:

This ratio measures the efficiency of using net capital (equity and long-term debt) to generate revenue. A decrease from 30.15 to 18.44 suggests a decline in capital efficiency, meaning the company is generating less revenue per unit of net capital.

Net Profit Ratio:

The net profit ratio measures profitability as a percentage of revenue. An increase from 3.07% to 3.5% indicates improved profitability, suggesting that the company is more efficient in converting sales into actual profit.

Return on Capital Employed (ROCE):

ROCE measures the efficiency and profitability of capital investments. An increase from 8.32% to 9.65% suggests better utilization of capital to generate earnings, reflecting enhanced operational performance and higher returns on capital invested.