Opal Luxury Time Products Ltd Latest Annual Report, Balance Sheet and Financials

Opal Luxury Time Products Limited Balance Sheet (Rs in Lakhs)

Opal Luxury Time Products Limited Profit & Loss Statement (Rs in Lakhs)

Opal Luxury Time Products Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Here is a summary of the Cash Flow Statement for the years 2018 and 2017:

Cash Flow from Operating Activities:

The net profit/(loss) before extraordinary items and tax was -₹612.78 in 2018 and -₹369.37 in 2017.

Adjustments included depreciation and amortization of ₹367.98 in 2018 and ₹345.69 in 2017, finance costs of ₹238.44 in 2018 and ₹195.76 in 2017, and a gratuity provision of ₹4.72 in 2018 and ₹5.13 in 2017.

Operating profit/(loss) before working capital changes amounted to -₹1.64 in 2018 and ₹173.93 in 2017.

Changes in operating assets and liabilities included increases/decreases in inventories, trade receivables, short-term and long-term loans and advances, trade payables, other current liabilities, and short-term provisions.

Cash generated from operations was -₹720.4 in 2018 and ₹195.25 in 2017, with net income tax payments of ₹0.61 in 2018 and ₹4.47 in 2017.

Net cash flow from operating activities was -₹721 in 2018 and ₹190.78 in 2017.

Cash Flow from Investing Activities:

Capital expenditure on fixed assets, including capital advances, amounted to -₹13.56 in 2018 and -₹39.96 in 2017.

There was an increase in current investments of ₹0.19 in 2018, while no such activity was reported in 2017.

Interest received on deposits with banks was reported as ₹3.35 in 2017.

Net cash flow from investing activities was -₹13.37 in 2018 and -₹36.60 in 2017.

Cash Flow from Financing Activities:

Proceeds from/ (repayment of) long-term borrowings amounted to ₹428.59 in 2018 and ₹18.50 in 2017.

There was a net increase/(decrease) in working capital borrowings of ₹493.61 in 2018 and -₹1.79 in 2017.

Finance costs included were -₹238.44 in 2018 and -₹195.76 in 2017.

Net cash flow from financing activities was ₹683.75 in 2018 and -₹179.05 in 2017.

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

There was a net decrease in cash and cash equivalents of -₹50.61 in 2018 and -₹24.87 in 2017.

Cash and Cash Equivalents at the Beginning and End of the Year:

Cash and cash equivalents at the beginning of the year were ₹51.00 in both 2018 and 2017, with closing balances of ₹4.23 in 2018 and ₹51.00 in 2017. These comprised cash on hand, balances with banks in current accounts, and deposit accounts.

Financial Ratios of Opal Luxury Time Products Limited

Here is a summary of the financial and operational metrics for Opal Luxury Time Products Limited for the year 2018 & 2017:

Current Ratio: The current ratio increased from 1.36 in 2017 to 1.60 in 2018. This indicates an improvement in the company 's ability to cover its short-term liabilities with its current assets. A current ratio above 1.0 suggests that the company has sufficient current assets to meet its short-term obligations.

Quick Ratio: The quick ratio remained relatively stable, with a slight increase from 0.83 in 2017 to 0.84 in 2018. This suggests that the company 's ability to cover its short-term liabilities with its most liquid assets improved marginally.

Inventory Turnover Ratio: The inventory turnover ratio decreased from 2.07 in 2017 to 1.06 in 2018. This indicates that the company is selling its inventory at a slower rate in 2018 compared to the previous year. A lower turnover ratio may suggest issues such as slower sales or excess inventory.

Interest Coverage Ratio: The interest coverage ratio decreased from -0.89% in 2017 to -1.57% in 2018. A negative interest coverage ratio indicates that the company 's operating income is insufficient to cover its interest expenses. This suggests potential financial distress or challenges in servicing debt.

Debt to Equity Ratio: The debt-to-equity ratio increased significantly from 0.33 in 2017 to 0.92 in 2018. This indicates that the company has taken on more debt relative to its equity. A higher debt-to-equity ratio may increase financial risk and interest expenses.

Return on Capital Employed (ROCE): The return on capital employed decreased from -6.80% in 2017 to -15.66% in 2018. A negative ROCE suggests that the company 's capital investments are generating a negative return. This may indicate inefficiency in capital utilization or a decline in profitability.