Pillar Investment Company Ltd Annual Report | Balance Sheet and Financials

Pillar Investment Company Limited Balance Sheet (Rs in Lakhs)

Pillar Investment Company Limited Profit & Loss Statement (Rs in Lakhs)

Pillar Investment Company Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities

Net Profit/ (Loss) before tax and extraordinary items:

For the year ending 31st March 2023, there was a net loss of −91.06−91.06 compared to a net profit of 137.27137.27 for the year ending 31st March 2022. This represents a significant change in the profitability before accounting for taxes and extraordinary items.

Adjustment for:

Net Gain/Loss on Fair Value Changes: In 2023, there was a net gain of 150.78150.78 which did not appear in the previous year.

Interest on IT Refund: In 2023, an interest of −0.38−0.38 was recorded.

Bad Debts: In 2023, bad debts amounted to 0.180.18 whereas there were no bad debts recorded in 2022.

Finance Cost: The finance cost was 115.77115.77 in 2023 compared to 220.69220.69 in 2022, indicating a reduction in the cost of financing.

Loss Allowance: There was a negative adjustment of −9.73−9.73 in 2023, whereas in 2022, the adjustment was 1.461.46.

Operating Profit before Working Capital Changes:

The operating profit before working capital changes was 165.55165.55 in 2023, down from 359.42359.42 in 2022. This indicates that the company had a higher operating profit after adjustments in the previous year.

Adjustment for:

Increase/ (Decrease) in Trade Payables: There was a decrease of −59.09−59.09 in 2023 compared to an increase of 89.7389.73 in 2022.

Increase/ (Decrease) in Investments: Investments increased by −274.29−274.29 in 2023, while in 2022, there was an increase of −18.39−18.39.

Increase/ (Decrease) in Non-Financial Assets: There was an increase of −77.16−77.16 in non-financial assets in 2023, compared to −0.61−0.61 in 2022.

Increase/ (Decrease) in Non-Financial Liabilities: Non-financial liabilities decreased by −9.18−9.18 in 2023, compared to an increase of 8.088.08 in 2022.

Increase/ (Decrease) in Non-Current Tax Liabilities: There was no change recorded in 2023, whereas there was a decrease of −5.82−5.82 in 2022.

Cash Generated from Operations:

Cash generated from operations was −419.72−419.72 in 2023, showing a significant decline compared to 72.9972.99 generated in 2022.

Direct Taxes Paid/Refund Received (Net):

Direct taxes paid were −11.06−11.06 in 2023 compared to −41.45−41.45 in 2022.

Net Cash Flow from Operating Activities:

The net cash flow from operating activities was −265.24−265.24 in 2023, compared to 390.97390.97 in 2022. This indicates a significant decrease in cash generated from operations.

Cash Flow from Investing Activities

Loan (Given)/Repayment Received:

Loans repaid amounted to 972.66972.66 in 2023, whereas loans given were −144.46−144.46 in 2022.

Net Cash Used in Investing Activities:

The net cash used in investing activities was 972.66972.66 in 2023, compared to −144.46−144.46 in 2022. This indicates a shift from cash outflow to cash inflow in investing activities.

Cash Flow from Financing Activities

IESS Sales:

IESS sales were 0.110.11 in 2023, with no corresponding value in 2022.

Net Long-term Borrowings Received/ (Repaid):

There was a repayment of −844.45−844.45 in 2023 compared to a receipt of 38.8238.82 in 2022.

Finance Cost:

The finance cost was −115.77−115.77 in 2023 compared to −220.69−220.69 in 2022.

Net Cash Used in Financing Activities:

The net cash used in financing activities was −960.10−960.10 in 2023 compared to −181.87−181.87 in 2022. This indicates a significant increase in cash outflow for financing activities

Financial Ratios of Pillar Investment Company Limited

Here is a summary of the financial and operational metrics for Pillar Investment Company Limited for the year 2023 & 2022:

Capital to Risk-Weighted Assets Ratio (CRAR)

2023: 0.48

2022: 0.26

Explanation: The CRAR has increased from 0.26 in 2022 to 0.48 in 2023. This ratio measures a bank 's capital in relation to its risk-weighted assets. A higher CRAR indicates better capital adequacy and financial stability. The improvement suggests that the company has either increased its capital base, reduced its risk-weighted assets, or both.

Tier I CRAR

2023: 0.48

2022: 0.26

Explanation: Similar to the overall CRAR, the Tier I CRAR has also increased from 0.26 in 2022 to 0.48 in 2023. Tier I capital includes core capital such as equity capital and disclosed reserves. The increase indicates a stronger core capital base relative to the risk-weighted assets.

Liquidity Coverage Ratio (LCR)

2023: -0.87

2022: 5.41

Explanation: The LCR has significantly deteriorated from 5.41 in 2022 to -0.87 in 2023. The LCR measures a bank 's ability to cover its short-term obligations with its liquid assets. A negative LCR indicates that the company does not have sufficient liquid assets to meet its short-term liabilities, suggesting potential liquidity issues. This could be due to a substantial decrease in liquid assets or an increase in short-term liabilities.

Dividend History 

Pillar Investment Company Limited Recent Financial Performance

Dividend per Share: The specific dividend per share figure for 2023 and 2022 is not recommended, 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. 31.59 Lakhs, while in 2022, they were Rs. 121.02 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.

Industry overview

The Investment sector is experiencing robust growth, driven by digital transformation, sustainable investing, regulatory changes, and market volatility. The global asset management market is expected to grow at a CAGR of 6-7% from 2021 to 2026, while wealth management is projected to grow at 5-6%. Private equity and venture capital are set to expand at a CAGR of 10-12%, and mutual funds at 7-8%. Despite challenges like fee pressures and regulatory scrutiny, hedge funds are anticipated to grow at 4-5%.

FAQs Related to Pillar Investment Company Limited

Q.1) Is Pillar Investment Company Limited is a private or public company?

The Company was incorporated as a Public Limited Company on 19th April 1982 under the Companies Act.

Q.2) Do Pillar Investment Company Limited Listed or not?

PILLAR INVESTMENT COMPANY LIMITED is an unlisted company.

Q.3) In which field the work of Pillar Investment Company Limited?

The main Object of the Company is to acquire and hold shares, stocks, debentures, debenture stocks, bonds, obligations and securities issued or guaranteed by any company constituted or carrying on business in the Republic of India or elsewhere and debentures, debenture stocks, bonds, obligations and securities, issued or guaranteed by any ‘government, sovereign ruler, commissioners, public body or authority, supreme, municipal, local.

Q.4) Who are the directors of Pillar Investment Company Limited?

The Directors of Pillar Investment Company Limited are Mala Brijlal Lalchandani, Rashesh Mehta, Dharav Chetan Dani, Ashish Pandare Shankar, Leena Kumawat and Brijesh Dineshkumar Shah.