OEN India Annual Reports, Balance Sheet and Financials

OEN India Limited Limited Balance Sheet (Rs in Lakhs)

 OEN India Limited Limited Profit & Loss Statement (Rs in Lakhs)

 OEN India Limited 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

In FY 2023-24, the company generated ₹1,406.60 lakh from operating activities, down from ₹3,245.57 lakh in FY 2022-23. The decrease in cash generated is largely due to lower profit before tax, which dropped from ₹3,224.29 lakh in 2023 to ₹2,711.79 lakh in 2024. Other adjustments such as depreciation and amortization, which increased from ₹959.51 lakh in 2023 to ₹1,170.71 lakh in 2024, helped offset some of the reduced profits. Changes in working capital had a significant impact, especially the increase in trade and other receivables (₹1,136.65 lakh in 2024) and inventories (₹1,033.96 lakh), which consumed cash. Although trade payables increased, they were not enough to fully counterbalance the increased working capital needs, leading to reduced cash generated from operations.

Cash Flow from Investing Activities

The cash flow from investing activities in FY 2023-24 was negative at ₹(2,954.24) lakh, which reflects a less severe outflow compared to FY 2022-23’s ₹(4,445.33) lakh. The company made significant investments in property, plant, and equipment (₹3,752.07 lakh in 2024), although this was slightly lower than the previous year (₹4,462.88 lakh in 2023). The sale of investments increased sharply to ₹731.68 lakh in 2024 compared to just ₹35.31 lakh in 2023, which helped reduce the overall cash outflow. Additionally, there was a positive adjustment to capital work in progress and intangible assets, amounting to ₹373.24 lakh in 2024.

Cash Flow from Financing Activities

In FY 2023-24, the company had a positive net cash inflow from financing activities of ₹1,411.59 lakh, a substantial improvement compared to the slight outflow of ₹(18.49) lakh in FY 2022-23. This was primarily due to an increase in long-term borrowings, with the company raising ₹1,633.54 lakh in 2024 compared to a repayment of ₹(22.19) lakh in 2023. Dividend payments remained consistent at ₹(76.49) lakh for both years, while interest paid on borrowings increased slightly to ₹(145.22) lakh in 2024.

Net Change in Cash and Cash Equivalents

Overall, the company experienced a net decrease in cash and cash equivalents of ₹(136.05) lakh in FY 2023-24, compared to a larger decrease of ₹(1,218.25) lakh in FY 2022-23. The lower net outflow in 2024 can be attributed to a reduction in cash outflows from investing activities and a strong inflow from financing activities, which offset the drop in cash generated from operating activities. At the end of FY 2023-24, the company had cash and cash equivalents of ₹498.67 lakh, down from ₹634.72 lakh at the end of FY 2022-23.

 Financial Ratios of OEN India Limited Limited

Here is a summary of the financial and operational metrics for OEN India Limited Limited for the year 2024 and 2023:

Current Ratio

The current ratio measures a company’s ability to pay its short-term liabilities with its short-term assets. In 2024, the current ratio increased slightly to 3.28 from 3.15 in 2023. This indicates that the company’s liquidity position has improved marginally.

Debt-Equity Ratio

The debt-equity ratio measures the degree to which the company is financing its operations through debt versus shareholders' equity. This ratio increased significantly from 1.00% in 2023 to 9.00% in 2024, indicating that the company took on more debt relative to equity in the current year

Debt Service Coverage Ratio (DSCR)

The Debt Service Coverage Ratio is a critical metric for lenders, measuring a company’s ability to service its debt obligations through its operating income. While this ratio was reported as 121.99 in 2023, no figure was provided for 2024, which could indicate an inability to calculate the ratio due to negative or insufficient operating income.

Return on Equity (ROE) Ratio

ROE is a measure of profitability that assesses how effectively a company is using shareholders' equity to generate profits. The ROE for 2024 dropped to 0.08 from 0.13 in 2023. This decline shows a decrease in the company’s ability to generate returns from shareholders' investments.

Inventory Turnover Ratio

This ratio reflects how efficiently the company is managing its inventory by measuring how often inventory is sold and replaced during the year. The inventory turnover ratio fell to 5.5 in 2024 from 6.11 in 2023. A lower ratio suggests that inventory is being sold more slowly, which could indicate overstocking or weaker demand.

Trade Receivables Turnover Ratio

This ratio measures how efficiently the company is collecting receivables from customers. The trade receivables turnover ratio decreased to 4.72 in 2024 from 5.17 in 2023.

Trade Payables Turnover Ratio

The trade payables turnover ratio measures how quickly the company is paying off its suppliers. This ratio fell slightly from 6.48% in 2023 to 5.96% in 2024, indicating that the company is taking longer to pay its suppliers.

Net Capital Turnover Ratio

The net capital turnover ratio indicates how efficiently the company is using its working capital to generate revenue. This ratio declined slightly from 3.08% in 2023 to 2.83% in 2024, suggesting that the company is generating less revenue per unit of working capital.

Net Profit Ratio

The net profit ratio measures the percentage of revenue that remains as profit after all expenses are paid. The ratio fell from 0.11 in 2023 to 0.07 in 2024, indicating a decline in profitability.

Return on Capital Employed (ROCE)

ROCE is a measure of how effectively the company is using its capital to generate profits. The ROCE decreased to 0.09 in 2024 from 0.15 in 2023, which indicates a decline in the company’s ability to generate returns from its total capital (equity and debt).