New India Retailing Annual Reports, Balance Sheet and Financials

New India Retailing and Investment Ltd Balance Sheet (Rs in Lakhs)

New India Retailing and Investment Ltd Profit & Loss Statement (Rs in Lakhs)

New India Retailing and Investment Ltd 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 Tax: The company recorded a profit of Rs. 431.54 Lakhs in 2024, slightly lower than Rs. 518 Lakhs in 2023.

Adjustments: Key adjustments included:

Depreciation: Rs. 12.25 Lakhs in 2024, consistent with Rs. 12.37 Lakhs in 2023.

Interest Expense: Reduced to Rs. 6.13 Lakhs in 2024, down from Rs. 27.01 Lakhs in 2023.

Liabilities/Advances Written Back: A credit adjustment of Rs. 8.77 Lakhs in 2024 compared to Rs. 1.70 Lakhs in 2023.

Working Capital Changes:

Adjustments to liabilities, provisions, and inventories resulted in a minor net outflow.

Cash generated from operations was Rs. 407.93 Lakhs in 2024, compared to Rs. 568.65 Lakhs in 2023.

Direct Taxes Paid: Taxes of Rs. 103.86 Lakhs were paid in 2024, reducing the net cash flow from operating activities to Rs. 304.07 Lakhs compared to Rs. 503.44 Lakhs in 2023.

Cash Flow from Investing Activities:

Investments and Fixed Assets: There were minimal payments for fixed assets in 2024 at Rs. 0.17 Lakhs, down from Rs. 3.10 Lakhs in 2023. No payments for new investments were made in 2024.

Proceeds from Sale of Investments: The company generated Rs. 73.25 Lakhs from the sale of investments in 2024.

Net Cash Flow from Investing Activities: The company had a positive net inflow of Rs. 31.58 Lakhs in 2024, a recovery from the net outflow of Rs. (484.56) Lakhs in 2023.

Cash Flow from Financing Activities:

Short-Term Borrowings: In 2024, there were no new short-term borrowings, but Rs. 294.09 Lakhs of borrowings were repaid. This contrasts with Rs. 40.47 Lakhs of borrowings in 2023.

Interest Paid: Interest paid decreased to Rs. 6.13 Lakhs in 2024, compared to Rs. 27.01 Lakhs in 2023.

Dividends Paid: Dividends of Rs. 23.25 Lakhs were paid both years.

Net Cash Used in Financing Activities: There was a net outflow of Rs. (323.47) Lakhs in 2024, slightly higher than the Rs. (9.79) Lakhs outflow in 2023.

Net Increase/Decrease in Cash and Cash Equivalents:

The company saw a small increase in cash equivalents in 2024, with a net inflow of Rs. 12.18 Lakhs compared to Rs. 9.09 Lakhs in 2023.

Cash at the end of the year: The company ended 2024 with Rs. 32.66 Lakhs in cash and cash equivalents, up from Rs. 20.48 Lakhs at the end of 2023.

Financial Ratios of New India Retailing and Investment Ltd

Here is a summary of the financial and operational metrics for New India Retailing and Investment Ltd for the year 2024 and 2023:

Current Ratio (2024: 14.15 | 2023: 1.7)

The current ratio measures a company 's ability to meet its short-term obligations with its short-term assets. A ratio above 1 indicates that the company has more assets than liabilities.

In 2024, the current ratio saw a significant increase to 14.15, compared to 1.7 in 2023. This indicates a much stronger liquidity position, meaning the company has a substantial buffer of current assets to cover its current liabilities. This could be due to a decrease in liabilities or a surge in assets.

Debt-Equity Ratio (2024: - | 2023: 0.01)

The debt-equity ratio measures a company 's leverage, calculated by dividing total liabilities by shareholders ' equity.

In 2024, the debt-equity ratio is zero, which means the company has no debt. In 2023, a very small ratio of 0.01 suggests minimal debt. The lack of debt in 2024 may indicate the company has completely eliminated its debt obligations, improving its financial stability.

Debt Service Coverage Ratio (DSCR) (2024: 1.14 | 2023: 17.27)

The DSCR assesses a company’s ability to pay off its debt obligations using its operating income.

A DSCR of 1.14 in 2024 means the company generates just enough operating income to cover its debt payments, whereas in 2023, the very high DSCR of 17.27 shows a significantly stronger capacity to cover debts. The drop in DSCR could mean higher debt payments or lower operating income in 2024.

Return on Equity (ROE) (2024: 0.66% | 2023: 1.20%)

ROE measures a company’s profitability by showing how much profit it generates with the money shareholders have invested.

The slight decline from 1.20% in 2023 to 0.66% in 2024 indicates reduced profitability, possibly due to lower net income or higher equity capital.

Inventory Turnover Ratio (2024: 5.35 | 2023: 4.74)

The inventory turnover ratio shows how often a company sells and replaces its inventory within a period.

An increase from 4.74 in 2023 to 5.35 in 2024 suggests improved efficiency in managing and selling inventory, meaning the company is moving its products faster.

Trade Payables Turnover Ratio (2024: 5.44 | 2023: 5.06)

The trade payables turnover ratio measures how quickly a company pays off its suppliers.

The increase from 5.06 to 5.44 shows that the company is slightly quicker in paying its suppliers in 2024, which can improve its relationship with creditors and suppliers.

Net Capital Turnover Ratio (2024: - | 2023: 0.01)

The net capital turnover ratio measures how efficiently a company uses its working capital to generate sales.

The ratio is not calculable for 2024, but the low ratio of 0.01 in 2023 suggests very minimal efficiency in utilizing working capital for revenue generation, indicating possible underutilization of available resources.

Net Profit Ratio (2024: 42.87% | 2023: 48.97%)

The net profit ratio reveals how much of each rupee earned by the company as revenue is converted into profit.

Despite a high ratio in both years, the drop from 48.97% in 2023 to 42.87% in 2024 indicates a reduction in profitability, likely due to higher expenses or lower revenue growth in 2024.

Return on Capital Employed (ROCE) (2024: 0.82% | 2023: 1.40%)

ROCE measures how efficiently a company generates profits from its capital employed.

The decline from 1.40% in 2023 to 0.82% in 2024 suggests the company is less effective in generating returns from its capital base, which may be a concern for long-term sustainability.

Return on Investment (ROI) (2024: 13.48% | 2023: 17.01%)

ROI measures the return on invested capital or assets.

The decrease from 17.01% in 2023 to 13.48% in 2024 shows a decline in the company 's efficiency in generating returns from its investments, which may reflect challenges in the company’s investment strategies or reduced profitability.