Namaste Exports Limited Annual Report and Financials

Namaste Exports Limited Balance Sheet (Rs In Lakhs)

Namaste Exports Limited Profit & Loss Statement (Rs In Lakhs)

Namaste Exports Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Certainly, here is a summary of the Cash Flow Statement for the years 2022 and 2021:

A. Cash Flow from Operating Activities:

1. Net Profit Before Tax and Extraordinary Items:

In 2022, the net profit before tax and extraordinary items was Rs. 116.2, a significant decrease from the previous year 's Rs. 215.48.

2. Adjustments for Depreciation:

The depreciation (net) amounted to Rs. 11.85 in 2022, compared to Rs. 15.07 in 2021, indicating a decrease in the depreciation expenses.

3. Adjustment for Remeasurement of Investments/Retirement Benefits:**

An adjustment of -Rs. 1.55 in 2022 and -Rs. 2.54 in 2021 was made for the remeasurement of investments/retirement benefits.

4. Dividend Income:

Dividend income, which represents the income earned from investments, was -Rs. 0.31 in 2022 and -Rs. 0.11 in 2021.

5. Interest Income and Expenditure:

Interest income decreased from -Rs. 8.71 in 2021 to -Rs. 7.56 in 2022, while interest expenditure increased from Rs. 61.97 in 2021 to Rs. 95.87 in 2022.

6. Profit/Loss on Discard/Sale of Fixed Assets:

There was a significant change in profit/loss on the discard/sale of fixed assets, decreasing from Rs. 58.46 (profit) in 2021 to -Rs. 46.08 (loss) in 2022.

7. Operating Profit Before Working Capital Changes:

The operating profit before working capital changes declined from Rs. 339.62 in 2021 to Rs. 168.43 in 2022.

8. Adjustments for Changes in Working Capital:

Notable changes in working capital include an increase in inventories, a decrease in trade receivables, a decrease in other assets, an increase in trade payables, an increase in other liabilities, and an increase in provisions.

9. Cash Generated from Operations:

Cash generated from operations decreased from Rs. 554.91 in 2021 to Rs. 346.12 in 2022.

10. Income Tax Paid (Net):

Income tax paid (net) was Rs. 1.01 in 2022, down from Rs. 3.98 in 2021.

11. Net Cash Flow from Operating Activities:

The net cash flow from operating activities was Rs. 347.13 in 2022, compared to Rs. 558.89 in 2021.

12. Net Cash Flow from/(Used in) Operating Activities:

The overall net increase in cash and cash equivalents from operating activities was Rs. 348.14 in 2022, differing from the Rs. 558.89 in 2021.

B. Cash Flow from Investing Activities:

1. Purchase and Sale of Fixed Assets:

Investments in fixed assets amounted to Rs. 23.04 in 2022, contrasting with a negative Rs. 145.33 in 2021. Proceeds from the sale of fixed assets increased from Rs. 11.99 in 2021 to Rs. 48.06 in 2022.

2. Investment in Shares and Dividend Income:

In 2022, there was an investment of -Rs. 1.35 in shares, and dividend income was Rs. 0.31, up from Rs. 0.11 in 2021.

3. Interest Received:

Interest received increased from Rs. 8.71 in 2021 to Rs. 7.56 in 2022.

4. Net Cash Used in Investing Activities:

The net cash used in investing activities was Rs. 31.53 in 2022, compared to a negative Rs. 124.52 in 2021.

C. Cash Flow from Financing Activities:

1. Increase in Borrowings and Long-Term Borrowings:

There was an increase in short-term borrowings of -Rs. 83.93 in 2022, contrasting with -Rs. 370.65 in 2021. Long-term borrowings increased by -Rs. 71.12 in 2022.

2. Interest & Financial Charges:

Interest and financial charges increased from -Rs. 61.97 in 2021 to -Rs. 95.87 in 2022.

3. Net Cash Used in Financing Activities:

The net cash used in financing activities was -Rs. 250.95 in 2022, compared to -Rs. 361.5 in 2021.

Summary of Cash and Cash Equivalents:

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

There was a net increase in cash and cash equivalents of Rs. 127.71 in 2022, compared to Rs. 72.87 in 2021.

2. Opening and Closing Balance of Cash and Cash Equivalents:

The opening balance in 2022 was Rs. 118.32, increasing to a closing balance of Rs. 246.04. In 2021, the opening balance was Rs. 45.45, reaching a closing balance of Rs. 118.32.

3. Net Increase/Decrease in Cash and Cash Equivalents:

The overall change in cash and cash equivalents from the beginning to the end of the period was Rs. 127.71 in 2022 and Rs. 72.87 in 2021.

Bellow are the Financial Ratios

Here is a summary of the financial and operational metrics for Namaste Exports Limited for the years 2022 and 2021:

Financial Ratios:

1. Current Ratio:

In 2022, the current ratio was 0.83, indicating a slight improvement from 0.79 in 2021. This suggests the company 's ability to cover its short-term liabilities with its short-term assets.

2. Debt Equity Ratio:

The debt-equity ratio decreased from 1.19 in 2021 to 0.56 in 2022, signifying a redction in financial leverage and a potentially healthier financial structure.

3. Debt Service Coverage Ratio:

The debt service coverage ratio declined from 0.97 in 2021 to 0.33 in 2022, indicating a decrease in the company 's ability to cover its debt obligations from its operating income.

4. Return on Equity (ROE) Ratio:

The return on equity ratio increased from 0.25 in 2021 to 0.28 in 2022, suggesting a slightly better return for shareholders ' equity.

5. Inventory Turnover Ratio:

The inventory turnover ratio improved from 2.87 in 2021 to 3.3 in 2022, indicating more efficient management of inventory.

6. Trade Receivables Turnover Ratio:

The trade receivables turnover ratio decreased significantly from 38.65 in 2021 to 18.62 in 2022, which may suggest a change in the company 's credit policies or payment terms.

7. Trade Payables Turnover Ratio:

The trade payables turnover ratio decreased from 2 in 2021 to 1.75 in 2022, indicating a potential increase in the time taken to pay trade payables.

8. Net Capital Turnover Ratio:

The net capital turnover ratio improved from -10.32 in 2021 to -9.37 in 2022, suggesting better utilization of capital despite still being negative.

9. Net Profit Ratio:

The net profit ratio decreased from 0.06 in 2021 to 0.04 in 2022, indicating a lower percentage of profit for each rupee of sales.

10. Return on Capital Employed (ROCE) Ratio:

The return on capital employed decreased from 0.36 in 2021 to 0.28 in 2022, indicating a decrease in the efficiency of capital utilization.

11. Return on Investment (ROI) Ratio:

The return on investment increased from 0.01 in 2021 to 0.02 in 2022, reflecting a slight improvement in the return on investment.