Partap Industries Annual Reports, Balance Sheet and Financials

Partap Industries Limited Balance Sheet (Rs In Lakhs)

 Partap Industries Limited Profit & Loss Statement (Rs In Lakhs)

 Partap Industries Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Here 's the summary of the Cash Flow Statement for the years 2023 and 2022, broken down by activity:

  Operating Activities:

The company generated a profit before taxation of Rs. 2091.78 lakhs.

Adjustments were made to reconcile profit before tax to net cash flows, including depreciation & amortization (Rs. 1380.87 lakhs), finance costs (Rs. 236.79 lakhs), interest income (Rs. -82.38 lakhs), profit/loss on sale of fixed assets (Rs. -261.9 lakhs), and gratuity expenses (Rs. 22.64 lakhs).

The operating profit before working capital changes amounted to Rs. 3387.82 lakhs.

Working capital changes include increases in inventories (Rs. 584.33 lakhs), loans (Rs. 44.74 lakhs), and other current assets (Rs. 861.98 lakhs), offset by decreases in trade receivables (Rs. -1743.94 lakhs), current tax assets (net) (Rs. 83.94 lakhs), trade payables (Rs. 46.81 lakhs), other financial liabilities (Rs. -778.37 lakhs), current tax liabilities (net) (Rs. 0 lakhs), short-term provisions (Rs. -47.14 lakhs), and other current liabilities (Rs. 16.77 lakhs).

Cash generated from operations amounted to Rs. 2456.94 lakhs, with income taxes paid of Rs. -1323.85 lakhs, resulting in net cash from operating activities of Rs. 1133.09 lakhs.

Investing Activities:

The company invested in purchasing fixed assets (Rs. -728.18 lakhs) and long-term loans & advances (Rs. -1087.49 lakhs), while also earning interest income (Rs. 82.38 lakhs).

Additionally, the company realized proceeds from the sale of fixed assets (Rs. 1823.68 lakhs) and made investments in non-current investments (Rs. -100.62 lakhs).

Net cash flow from investing activities amounted to Rs. -10.23 lakhs.

Financing Activities:

The company repaid long-term borrowings (Rs. -1508.99 lakhs) and short-term borrowings (Rs. 631.86 lakhs), while also paying interest & finance costs (Rs. -236.79 lakhs).

Net cash flow from financing activities amounted to Rs. -1113.92 lakhs.

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

The company experienced a slight increase in cash and cash equivalents of Rs. 8.95 lakhs.

The cash and cash equivalents at the beginning of the year were Rs. 217.48 lakhs, resulting in a total of Rs. 226.43 lakhs at the end of the year.

2022:

Operating Activities:

The company generated a profit before taxation of Rs. 3805.55 lakhs.

Adjustments to reconcile profit before tax to net cash flows included depreciation & amortization (Rs. 1917.58 lakhs), finance costs (Rs. 383.61 lakhs), interest income (Rs. -41.25 lakhs), and gratuity expenses (Rs. 29.19 lakhs).

The operating profit before working capital changes amounted to Rs. 6094.69 lakhs.

Working capital changes included decreases in inventories (Rs. -2572.12 lakhs), loans (Rs. -63.37 lakhs), other current assets (Rs. -851.7 lakhs), current tax assets (net) (Rs. -667.57 lakhs), trade payables (Rs. -2263.59 lakhs), and short-term provisions (Rs. -68.93 lakhs), offset by increases in trade receivables (Rs. 3592.27 lakhs), other financial liabilities (Rs. 42.36 lakhs), and current tax liabilities (net) (Rs. 615.57 lakhs).

Cash generated from operations amounted to Rs. 3883.25 lakhs, with income taxes paid of Rs. -1207.14 lakhs, resulting in net cash from operating activities of Rs. 2676.11 lakhs.

Investing Activities:

The company invested in purchasing fixed assets (Rs. -483.92 lakhs) and long-term loans & advances (Rs. -1608.66 lakhs), while also earning interest income (Rs. 41.25 lakhs).

Additionally, the company realized proceeds from the sale of fixed assets (Rs. 0 lakhs).

Net cash flow from investing activities amounted to Rs. -2051.33 lakhs.

Financing Activities:

The company repaid long-term borrowings (Rs. -198.1 lakhs) and short-term borrowings (Rs. 188.57 lakhs), while also paying interest & finance costs (Rs. -383.61 lakhs).

Net cash flow from financing activities amounted to Rs. -393.14 lakhs.

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

The company experienced an increase in cash and cash equivalents of Rs. 231.65 lakhs.

The cash and cash equivalents at the beginning of the year were Rs. -14.17 lakhs, resulting in a total of Rs. 217.48 lakhs at the end of the year.

Partap Industries Limited Financial Ratios

Here 's a summary of the financial and operational metrics for Partap Industries Limited for the years 2023 and 2022:

Current Ratio:

2023: 3.52

2022: 2.83

The current ratio measures the company 's ability to pay its short-term liabilities with its short-term assets. An increase in the current ratio from 2022 to 2023 indicates an improvement in the company 's liquidity position.

Debt-Equity Ratio:

2023: 0.39

2022: 0.54

The debt-equity ratio shows the proportion of debt financing compared to equity financing. A decrease in the debt-equity ratio from 2022 to 2023 suggests a reduction in financial leverage.

Debt Service Coverage Ratio:

2023: 2.18

2022: 3.59

The debt service coverage ratio measures the company 's ability to service its debt obligations. A decrease in the ratio from 2022 to 2023 indicates a decrease in the company 's ability to cover its debt obligations from its operating income.

Return on Equity (ROE):

2023: 0.09 (9%)

2022: 0.18 (18%)

ROE measures the company 's profitability relative to shareholders ' equity. A decrease in ROE from 2022 to 2023 suggests lower profitability relative to equity.

Inventory Turnover Ratio:

2023: 0.07

2022: 0.08

The inventory turnover ratio measures the efficiency of inventory management. A decrease in the ratio from 2022 to 2023 indicates a decrease in inventory turnover.

Trade Payables Turnover Ratio:

2023: 0.01

2022: 0.01

The trade payables turnover ratio measures how quickly the company pays its suppliers. The ratio remained stable between 2022 and 2023.

Trade Receivables Turnover Ratio:

2023: 0.11

2022: 0.07

The trade receivables turnover ratio measures how efficiently the company collects payments from its customers. An increase in the ratio from 2022 to 2023 suggests improved efficiency in collecting receivables.

Net Capital Turnover Ratio:

2023: 2.61

2022: 2.95

The net capital turnover ratio measures how efficiently the company utilizes its capital to generate revenue. A decrease in the ratio from 2022 to 2023 indicates a decrease in efficiency in generating revenue from capital.

Net Profit Ratio:

2023: 0.03 (3%)

2022: 0.06 (6%)

The net profit ratio measures the company 's net profit relative to its total revenue. A decrease in the net profit ratio from 2022 to 2023 suggests lower profitability relative to revenue.

Return on Capital Employed (ROCE):

2023: 0.09 (9%)

2022: 0.18 (18%)

ROCE measures the company 's profitability relative to its capital employed. A decrease in ROCE from 2022 to 2023 suggests lower profitability relative to capital employed.

Return on Investment (ROI):

2023: 0.06 (6%)

2022: 0.11 (11%)

ROI measures the return generated on investments made in the company. A decrease in ROI from 2022 to 2023 suggests a lower return on investments.

Dividend History:

Partap Industries Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2023 and 2022 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 2023 amounted to Rs. 16,167.23 Lakhs while in 2022, they were Rs 14745.25 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.