Prabhat Securities Limited Annual Report and Financials

Prabhat Securities Limited Balance Sheet (Rs In Lakhs)

 Prabhat Securities Limited Profit & Loss Statement (Rs In Lakhs)

 Prabhat Securities Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow from Operating Activities:

1. Net Profit Before Tax and Extraordinary Items:

In 2023, the net profit before tax and extraordinary items is Rs. 3.57, showing an increase from the previous year 's Rs. 2.73.

2. Adjustments:

Finance Cost: There is no finance cost recorded in 2023, whereas in 2022, there was a substantial finance cost of Rs. 116.18.

Deferred Tax: In 2023, there is a minor deferred tax of Rs. 0.03, while there is no such entry in 2022.

Income Tax: The income tax in 2023 is Rs. 1.28, significantly lower than the previous year 's Rs. 71.53.

Depreciation and Amortization Expense: The depreciation and amortization expense slightly increased from Rs. 1.22 in 2022 to Rs. 1.07 in 2023.

3. Operating Profit/Loss Before Working Capital Changes:

The operating profit before working capital changes is Rs. 5.94 in 2023, a substantial decrease from the Rs. 191.66 recorded in 2022.

4. Changes in Working Capital:

Change in Current Liabilities: The total change in current liabilities in 2023 is -Rs. 2.61, indicating a decrease. Notable changes include a decrease in trade payables and an increase in provisions.

Change in Current Assets: The net change in current assets for 2023 is Rs. 1.91, driven by an increase in inventory and a decrease in trade receivables.

5. Net Change:

The overall net change in working capital for 2023 is -Rs. 4.53, reflecting a decrease in working capital.

6. Cash Flow from Operating Activities:

The net cash flow from operating activities in 2023 is Rs. 0.13, a significant improvement compared to the negative Rs. 155.43 in 2022.

7. Taxes Paid:

Taxes paid in 2023 amount to Rs. 1.28, considerably lower than the Rs. 103.12 paid in 2022.

8. Net Cash Flow from Operating Activities:

The net cash flow from operating activities for 2023 is Rs. 0.13, showing a positive trend compared to the negative Rs. 155.43 in 2022.

Cash Flow from Investing Activities:

9. Purchase of Fixed Assets and CWIP:

In 2023, there is no specific information provided for the purchase of fixed assets. However, in 2022, there was a significant investment of Rs. 797.53, with a decrease in CWIP of Rs. 950.18.

10. Net Cash Flow from Investing Activities:

The net cash flow from investing activities in 2023 is not explicitly stated, but in 2022, it was -Rs. 152.65.

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

11. Overall Cash Flow:

There is a slight increase in cash and cash equivalents in 2023, with a net change of Rs. 0.13, compared to a decrease of Rs. 2.79 in 2022.

12. Cash and Cash Equivalents at Beginning and End of Period:

The cash and cash equivalents at the beginning of 2023 were Rs. 0.02 and ended at Rs. 0.16, indicating a positive cash flow. In 2022, it started at Rs. 2.81 and decreased to Rs. 0.02.

13. Composition of Cash and Cash Equivalents:

Cash on hand increased from Rs. 0 in 2022 to Rs. 0.14 in 2023. Balances with banks in current accounts changed from Rs. 0.02 in 2022 to Rs. 0.01 in 2023, making the total cash and cash equivalents Rs. 0.16 in 2023.

Bellow are the Financial Ratios

Here is a summary of the financial and operational metrics for Prabhat Securities Limited for the years 2023 and 2022:

1. Current Ratio:

In 2023, the current ratio is 33.63, indicating a substantial increase from the previous year 's 28.75. This suggests that the company has significantly improved its ability to cover short-term obligations with its current assets.

2. Debt Equity Ratio:

The debt equity ratio in 2023 is 0.03, demonstrating a decrease from 0.05 in 2022. This signifies a lower level of financial leverage and indicates a lower reliance on debt to finance its operations.

3. Debt Service Coverage Ratio:

The debt service coverage ratio has improved from 0.04 in 2022 to 0.05 in 2023. This suggests an enhancement in the company 's ability to cover its debt obligations from its operating income.

4. Return on Equity Ratio:

The return on equity ratio is 0.01 for both 2023 and 2022. This implies that the company generated a 1% return on shareholders ' equity in both years.

5. Inventory Turnover Ratio:

The inventory turnover ratio has significantly increased from 0.33 in 2022 to 1.75 in 2023. This suggests that the company is managing its inventory more efficiently, with a higher turnover of inventory during the year.

6. Trade Receivables Turnover Ratio:

The trade receivables turnover ratio is not provided for 2023, but it appears to be an unusually high value of 20,984.77 in 2022. This may indicate a very rapid turnover of trade receivables, and further investigation is needed to understand the context.

7. Net Capital Turnover Ratio:

The net capital turnover ratio has increased from 0.09 in 2022 to 0.16 in 2023. This indicates an improvement in the company 's efficiency in utilizing its capital to generate sales.

8. Net Profit Ratio:

The net profit ratio has decreased from 0.09 in 2022 to 0.07 in 2023. This suggests a slightly lower proportion of net profit relative to sales in the year 2023.

9. Return on Capital Employed:

The return on capital employed is not provided for 2023, but it is 28.75 in 2022. This indicates that the company generated a return of 28.75% on its capital employed in the business.

10. Return on Investment:

The return on investment has increased from 0.01 in 2022 to 0.02 in 2023, indicating an improved return on the overall investment made by the company