Paras Petrofils Limited Annual Report, Balance Sheet and Financials.

Paras Petrofils Limited Balance Sheet (Rs in Lakhs)

Paras Petrofils Limited Profit & Loss Statement (Rs in Lakhs)

Paras Petrofils Limited 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:

For the year ended 31-03-2024, the company reported a net loss after taxes of Rs. -37.38 lakhs, compared to a profit of Rs. 33.97 lakhs in the previous year. However, this year 's loss was adjusted for a significant non-cash profit of Rs. 113.94 lakhs on the sale of fixed assets, bringing the operating profit before working capital changes to Rs. 76.56 lakhs.

Despite this positive adjustment, there was a substantial increase in current assets, especially Other Current Assets (Rs. -78.00 lakhs), and a decline in trade payables (Rs. -11.93 lakhs), leading to a net negative working capital change of Rs. -94.25 lakhs. As a result, the net cash used in operating activities stood at Rs. -17.70 lakhs, indicating cash outflow from core operations.

In contrast, in FY 2022-23, the company had no adjustments and minimal working capital changes. The net cash provided by operating activities was Rs. 4.66 lakhs, a modest but positive figure.

Cash Flow from Investing Activities:

In FY 2023-24, the company generated Rs. 9.50 lakhs from the sale of fixed assets, with no investments made, resulting in a net cash inflow of Rs. 9.50 lakhs from investing activities.

In comparison, in FY 2022-23, the company made an investment of Rs. 1.90 lakhs, which led to a net cash outflow of the same amount from investing activities.

Net Change in Cash and Cash Equivalents:

Due to the negative operating cash flow in FY 2023-24, the net cash and cash equivalents decreased by Rs. 8.20 lakhs, bringing the year-end balance to Rs. 4.33 lakhs from the previous year’s Rs. 12.52 lakhs.

In FY 2022-23, the net increase in cash was Rs. 6.56 lakhs, growing from Rs. 5.97 lakhs at the start of the year to Rs. 12.52 lakhs at year-end.

 Financial Ratios of Paras Petrofils Limited

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

Current Ratio (Times):

The current ratio measures a company 's ability to pay its short-term obligations with its short-term assets. In 2023–24, the current ratio is an unusually high 769.35 times, compared to 101.15 times in 2022–23.

Return on Equity (ROE) Ratio:

The ROE ratio evaluates the profitability generated from shareholders ' equity. In 2023–24, the ROE turned negative at -0.02, suggesting a loss relative to the equity invested by shareholders. This contrasts with the positive ROE of 0.01 in 2022–23, where the company did generate a modest return.

Return on Investment (ROI):

ROI assesses the efficiency of investments in generating returns. The ratio was 0.08 (or 8%) in 2023–24, slightly down from 0.09 (9%) in 2022–23. While still positive, this minor drop indicates a slightly less efficient use of investment capital year-over-year.

Current Liability Ratio (Times):

This ratio indicates the portion of current liabilities in relation to total assets. It was 0 in 2023–24, indicating that the company had virtually no current liabilities, while in 2022–23, the ratio was already very low at 0.01.

Net Profit Margin (%):

The net profit margin reflects how much profit a company makes for every rupee of revenue. In 2023–24, it was -0.29%, indicating that the company incurred a loss for the year.