Parmeshwari Silk Mills Balance Sheet | Annual Reports| Financials

Parmeshwari Silk Mills Limited (Parmeshwari Silk Mills) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Parmeshwari Silk Mills Limited

Parmeshwari Silk Mills Limited Balance Sheet (Amount in Rs.)

Particulars	31-03-2024	31-03-2023
Non current assets
Property, Plant and Equipment	54,93,36,301.58	40,08,89,600.95
Other(to be specified)	7,23,854.00	-
Other non-current assets	57,48,038.30	46,10,908.26
Current Assets
Inventories	70,09,23,068.00	51,70,88,201.00
Trade receivables	63,00,63,458.03	49,88,84,051.35
Cash and cash equivalents	8,77,986.09	4,68,719.66
Bank Balance other than (iii) above	3,84,35,883.26	3,29,726.74
Loans	9,82,35,271.87	13,52,24,214.64
Otheres (Deposits more than 12 months)	4,97,543.00	9,55,823.00
Other current Assets	9,29,06,766.19	6,26,38,819.18
Total Assets	2,11,77,48,170.32	1,62,10,90,064.78
Equity
Equity Share Capital	3,00,11,000.00	3,00,11,000.00
Other Equity	43,15,01,010.82	37,25,99,209.03
NCI	10,220.00	-
Non -Current liabilites
Borrowings	52,60,77,668.38	37,60,28,594.61
Deffered Tax Liabilites (net)	4,25,37,541.30	3,91,71,588.00
Other Non-Current Liablities	45,50,518.56	-
Current Liablities
Borrowings	68,54,82,918.46	52,39,72,325.80
Trade Payables	30,24,93,318.78	22,69,78,900.63
Other current liabilities	5,62,17,234.79	2,12,80,951.94
Provisions	3,88,66,739.23	2,55,54,295.76
Current Tax Liablitries	-	54,93,199.01
Total Equity And Liabilities	2,11,77,48,170.32	1,62,10,90,064.78

Parmeshwari Silk Mills Limited Profit & Loss Statement (Amount in Rs.)

Particulars	31-03-2024	31-03-2023
Revenue from Operations	2,03,38,52,841.39	1,72,55,05,625.89
Other Income	51,00,641.56	45,66,261.02
Total Income	2,03,89,53,482.95	1,73,00,71,886.91
Expenses
Cost of Material Consumed	74,55,45,117.41	69,06,25,935.73
Changes in inventories of finished goods,Work-in-progress and stock-in-trade	-7,90,24,271.38	-1,65,91,785.00
Employee Benefits Expenses	29,46,06,550.00	22,07,70,769.00
Finance Costs	8,07,06,713.54	6,52,15,759.28
Depreciation and amortisation expenses	3,52,03,366.82	3,05,15,735.51
Other Expenses	87,78,35,898.85	66,70,50,328.76
Total Expenses	1,95,48,73,375.24	1,65,75,86,743.28
Profit/(Loss) before exceptional items and tax	8,40,80,107.71	7,24,85,143.63
Exceptional items
Profit /Loss on sale of Fixed Assets	-5,92,048.10	18,592.40
CSR Expenditure	13,27,764.00	1,09,330.00
Total Exceptional items	7,35,715.90	90,737.60
Profit/(Loss) before tax	8,33,44,391.81	7,23,94,406.03
Current tax	1,94,78,138.17	1,76,80,392.00
Deferred tax	26,15,516.89	-7,08,878.00
Previous Year Tax	9,06,705.96	2,04,940.15
Profit/(Loss) for the period	6,03,44,030.79	5,52,17,951.88
Total Comprehensive Income for the period	6,03,44,030.79	5,52,17,951.88
Earnings per equity share
Basic	20.11	18.40
Diluted	20.11	18.40

Parmeshwari Silk Mills Limited Consolidated Cash Flow Statement (Rs. In Lakhs)

Particulars	31-03-2024	31-03-2023
Cash flow from Operating Activities
Profit Before Tax	833.44	723.94
Adjustments for
Adjustments for finance costs	807.07	652.16
Adjustments for decrease (increase) in inventories	-1838.35	140.39
Adjustments for decrease (increase) in trade receivables, current	-1311.79	-596.24
Adjustments for decrease (increase) in other current assets	-302.68	-729.61
Adjustments for other financial assets, current	374.47	-9.56
Adjustments for increase (decrease) in trade payables, current	755.14	152.46
Adjustments for increase (decrease) in other current liabilities	349.36	138.42
Adjustments for increase (decrease) in other non-current liabilities	45.61	-
Adjustments for depreciation and amortisation expense	352.03	305.16
Adjustments for provisions, current	78.19	-
Adjustments for interest income	-1.15	0.54
Other adjustments for which cash effects are investing or financing cash flow	-2.4	-2.40
Other adjustments for non-cash items	-5.92	-0.19
Total adjustments for reconcile profit (loss)	-700.42	50.05
Net cash flows from (used in) operations	133.03	773.99
Income taxes paid (refund)	203.85	2.05
Net cash flows from (used in) operating activities	-70.82	771.94
Cash flows from used in investing activities
Proceeds from sales of property, plant and equipment	46.72	68.75
Purchase of property, plant and equipment	-1884.22	681.91
Purchase of investment property	-18.61	-
Proceeds from government grants	-	53.85
Interest received	1.15	0.54
Other inflows (outflows) of cash	2.4	2.4
Net cash flows from (used in) investing activities	-1852.55	-556.37
Cash flows from used in financing activities
Proceeds from borrowings	3115.60	389.63
Interest Paid	-807.07	-652.16
Other inflows (outflows) of cash	-	-1.37
Net cash flows from (used in) financing activities	2308.5	-263.9
Net increase (decrease) in cash and cash equivalents beforeeffect of exchange rate changes	385.15	-48.33
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents cash flow statement at beginning of period	7.98	56.31
Cash and cash equivalents cash flow statement at end of period	393.14	7.98

Here is a summary of the Cash Flow Statement for the years 2023 and 2024:

Cash Flow from Operating Activities

Profit Before Tax: This line shows an increase from ₹723.94 lakhs in 2023 to ₹833.44 lakhs in 2024, indicating higher pre-tax profitability.

Adjustments for Non-Cash and Non-Operating Items: Various adjustments are made to reconcile net profit with cash flows. These include finance costs, depreciation, changes in working capital (such as trade receivables and payables, inventories), and other provisions. The adjustments reflect activities like inventory purchases and changes in receivables and payables, which impact cash without altering net profit.

Working Capital Changes: Notable adjustments include a large increase in inventories (-₹1838.35 lakhs), indicating more cash tied up in stock, and an increase in trade receivables (-₹1311.79 lakhs), suggesting delayed customer payments. Trade payables increased by ₹755.14 lakhs, showing a delay in payments to suppliers, which can temporarily boost cash flow.

Net Cash from Operations: After adjustments, the net cash from operating activities decreased from ₹771.94 lakhs in 2023 to a net outflow of -₹70.82 lakhs in 2024, primarily due to higher working capital requirements and tax payments.

Cash Flow from Investing Activities

Purchases and Sales of Property, Plant, and Equipment (PPE): There was a significant cash outflow in 2024 for PPE purchases (-₹1884.22 lakhs), compared to a small outflow in 2023, indicating increased investments in physical assets.

Other Investing Activities: Interest received contributed slightly to inflows, while other outflows remained consistent.

Net Cash from Investing Activities: The company experienced a net outflow of ₹1852.55 lakhs in 2024, a more substantial outflow than in 2023 (-₹556.37 lakhs). This suggests significant capital expenditure, potentially to support business growth or modernization efforts.

Cash Flow from Financing Activities

Proceeds from Borrowings: In 2024, borrowings increased significantly (₹3115.60 lakhs compared to ₹389.63 lakhs in 2023), likely to support the company’s investments or operations.

Interest Paid: Interest costs increased slightly, from ₹652.16 lakhs in 2023 to ₹807.07 lakhs in 2024, aligning with the increase in borrowings.

Net Cash from Financing Activities: The net cash inflow from financing activities rose to ₹2308.5 lakhs in 2024, compared to a net outflow of -₹263.9 lakhs in 2023, demonstrating reliance on external financing to meet cash requirements.

Net Increase in Cash and Cash Equivalents

Overall Net Increase: The company’s cash balance increased by ₹385.15 lakhs in 2024, a shift from a decrease in 2023. This reflects the positive impact of financing inflows offsetting operational outflows.

Opening and Closing Cash Balances: Cash increased from ₹7.98 lakhs at the start of 2023 to ₹393.14 lakhs by the end of 2024, showing improved liquidity at year-end.

Parmeshwar Silk Mills Annual Reports

Parmeshwari Silk Annual Report 2023-2024

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Parmeshwari Silk Annual Report 20221-2022

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Parmeshwari Silk Annual Report 2022-2023

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Parmeshwari Silk Annual Report, Balance Sheet & Revenue

Parmeshwari Silk Mills Limited (Parmeshwari Silk Mills) Return Comparision with Primex 40 Index

Parmeshwari Silk Mills Limited Balance Sheet (Amount in Rs.)

Parmeshwari Silk Mills Limited Profit & Loss Statement (Amount in Rs.)

Parmeshwari Silk Mills Limited Consolidated Cash Flow Statement (Rs. In Lakhs)

Parmeshwar Silk Mills Annual Reports

Parmeshwari Silk Annual Report 2023-2024

Parmeshwari Silk Annual Report 20221-2022

Parmeshwari Silk Annual Report 2022-2023

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