Parry Agro Annual Reports, Balance Sheet and Financials

Parry Agro Industries Limited Balance Sheet (Rs in Lakhs)

Parry Agro Industries Limited Profit & Loss Statement (Rs in Lakhs)

Parry Agro Industries Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Here is the analysis of cash flow for year March 2023 and 2022:

Cash Flow from Operating Activities

Net Loss before Tax: The company reported a net loss before tax of -715.49 for the year ended March 31, 2024, compared to a net loss of -391.38 for the previous year. This indicates a significant increase in losses before accounting for taxes.

Adjustments for Non-Cash Items and Other Considerations:

Share of Profit from Associate: A profit share of -145.28 from associates, up from -32.04 last year, was deducted from the net loss.

Depreciation and Amortization Expense: The company added back depreciation and amortization expenses of 491.05, slightly lower than the previous year 's 549.78.

Finance Costs: Finance costs of 22.04 were added back, slightly higher than the 20.18 from the previous year.

Interest Income: Interest income of -54.17 was subtracted, more than the -38.47 subtracted last year.

Provision for Contingency: A provision of 20.81 was added back, compared to 19.31 in the previous year.

Compensation for Land Acquisition: There was no compensation received for land acquisition from the Government of Assam this year, compared to -575.56 received last year.

Profit on Sale of Current Investments: A profit of -14.86 was subtracted, higher than the -7.16 from last year.

Fair Value Changes in Current Investments: Fair value changes of -31.45 were subtracted, compared to -12.4 last year.

Provision for Expenses No Longer Required: A substantial write-back of -433.25, up from -9.59 last year, was subtracted.

Loss on Sale of Property, Plant, and Equipment: A loss of 4.57 was added, compared to 9.44 last year.

Unrealized Exchange Variation: An exchange variation of -4.98 was subtracted, compared to 0.6 added last year.

Operating Profit before Working Capital Changes: After adjustments, the operating profit before working capital changes was -861.01, down from -467.29 in the previous year.

Changes in Working Capital:

Trade Receivables: Decrease of -3.15 compared to an increase of 17.16 last year.

Other Financial Assets: Decrease of 78.49, down from 319.53 last year.

Inventories: Increase of -296.25, up from -134.94 last year.

Other Assets: Decrease of 24.72, down from 88.63 last year.

Trade Creditors: Increase of 118.86, up from 82.42 last year.

Other Financial Liabilities: Increase of 58.3, up from -18.72 last year.

Other Liabilities: Increase of 206.55, up from 119.34 last year.

Net Changes in Working Capital: The net changes in working capital amounted to 187.52, down from 473.41 last year.

Cash Used in Operations: The total cash used in operations was -673.49, significantly down from the positive 6.13 last year.

Income Taxes Paid: Income taxes paid amounted to -12, with no taxes paid the previous year.

Net Cash Flow Used in Operating Activities: The net cash flow used in operating activities was -685.49, a sharp decline from the 6.13 reported last year.

Cash Flow from Investing Activities

Capital Expenditure: The company spent -105.79 on capital expenditure, higher than the -67.75 spent last year.

Proceeds from Sale of Property, Plant, and Equipment: Proceeds amounted to 20.84, up from 14.25 last year.

Purchase of Investments: The company spent -995.49 on purchasing investments, a significant increase from -811.66 last year.

Sale of Investments: Proceeds from the sale of investments were 1,598.12, up from 643.78 last year.

Interest Received: Interest income amounted to 36.6, up from 32.11 last year.

Bank Balances Not Considered as Cash and Cash Equivalents: This increased by 261.68, up from 218.72 last year.

Net Cash from Investing Activities: The net cash from investing activities was 815.96, significantly higher than the 29.46 reported last year.

Cash Flow from Financing Activities

Interest Paid: The company paid -21.56 in interest, slightly more than the -20.68 paid last year.

Repayment of Lease Liabilities: Payments amounted to -27.12, down from -31.21 last year.

Net Cash Used in Financing Activities: The net cash used in financing activities was -48.68, slightly lower than the -51.89 reported last year.

Net Increase / Decrease in Cash and Cash Equivalents

Net Increase / Decrease in Cash and Cash Equivalents: The company saw a net increase of 81.79, compared to a decrease of -16.3 last year.

Opening Cash and Cash Equivalents: The opening cash and cash equivalents were 139.37, down from 155.67 last year.

Closing Cash and Cash Equivalents: The closing cash and cash equivalents stood at 221.16, up from 139.37 last year.

Financial Ratios of Parry Agro Industries Limited

Here is the summary of financial and operational metrics for Parry Agro Industries Limited for year 2023 & 2022:

Current Ratio

2024: 1.78

2023: 2.04

Analysis: The current ratio has decreased from 2.04 to 1.78, indicating a slight decline in the company 's short-term liquidity position. While still above 1, a declining trend suggests the company may have fewer cushions to cover its short-term liabilities with its short-term assets.

Return on Equity Ratio

2024: -0.13

2023: -0.04

Analysis: The return on equity ratio has worsened, showing a more significant negative return. This indicates that the company is generating larger losses relative to shareholders ' equity compared to the previous year.

Inventory Turnover Ratio

2024: 9.43

2023: 9.81

Analysis: The inventory turnover ratio has slightly decreased, indicating a marginally slower rate of inventory sales compared to the previous year. This could suggest either a buildup of inventory or a slight slowdown in sales efficiency.

Trade Receivables to Turnover Ratio

2024: 40.47

2023: 37.47

Analysis: The trade receivable to turnover ratio has increased, indicating that the company is collecting its receivables more frequently compared to last year. This suggests improved efficiency in collecting outstanding credit from customers.

 Trade Payables to Turnover Ratio

2024: 13.07

2023: 11.74

Analysis: The trade payable to turnover ratio has increased, suggesting that the company is taking longer to pay its suppliers. This could be a strategy to optimize cash flow, although it may also indicate liquidity issues.

Net Capital to Turnover Ratio

2024: 9.41

2023: 7.20

Analysis: The net capital to turnover ratio has increased significantly, reflecting a more efficient use of working capital to generate revenue. This is a positive indicator of the company 's operational efficiency.

Net Profit Ratio

2024: -0.04

2023: -0.02

Analysis: The net profit ratio has worsened, indicating that the company is incurring higher losses relative to its sales compared to the previous year. This point to deteriorating profitability.

Return on Investment

2024: 0.07

2023: 0.06

Analysis: The return on investment has improved, suggesting that the company is earning slightly better returns on its investments compared to the previous year.

Return on Capital Employed

2024: -0.12

2023: -0.04

Analysis: The return on capital employed has significantly worsened, indicating that the company is generating larger losses relative to the capital it has employed. This point to declining efficiency in using its capital to generate earnings.

Dividend History

Parry Agro Industries Limited Recent Financial Performance:

Dividend per Share: The specific dividend per share figure for March 2024 and 2023 is not provided; Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2024 amounted to Rs. 1,046.00 Lakhs, while in 2023, they were Rs. 2,071.56 Lakhs. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance.