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Premier Cryogenics Annual Reports, Balance Sheet and Financials

Premier Cryogenics Limited (Premier Cryogenics) Return Comparision with Primex 40 Index

Periods 1 Week 1 Month 3 Months 6 Months 1 Year 3 Years All Time
Primex-40
Premier Cryogenics Limited

Premier Cryogenics Limited Balance Sheet (Rs in Lakhs)

Particulars

31-03-2023

31-03-2022

EQUITY AND LIABILITES

 

 

Share Capital

500.67

500.67

Other Equity

8,190.57

7,062.15

Non-Current Liabilities

 

 

Long term Borrowings

402.76

1,089.37

Provisions

29.81

40.54

Deferred tax liabilities (Net)

141.21

171.49

Other non- current liabilities

233.78

223.70

Current Liabilities

 

 

Borrowings

1949.66

779.67

Trade Payable

139.52

123.19

Other Financial Liabilities

18.84

11.80

Other Current Liabilities

277.85

443.96

Provisions

74.58

  

Current tax liabilities (net)

11.59

10.20

TOTAL EQUITY AND LIABILITES

11,970.84

10,456.74

ASSETS

 

 

Non-Current Assets

 

 

Property, Plant and equipment

3,131.57

3,436.84

Capital Work-in-progress

31.80

-

Intangible Assets

-

0.03

Investments

109.20

109.20

Other Financial Assets

703.69

992.30

Other non- current assets

118.61

95.12

Current Assets

 

 

Inventories

143.27

407.73

Investments

3,741.09

39.30

Trade Receivable

3,269.33

3,861.19

Cash and cash equivalents

53.75

1192.16

Bank balances

426.85

143.89

Other Current assets

241.58

230.23

TOTAL ASSETS

11,970.84

10,456.74

Premier Cryogenics Limited Profit & Loss Statement (Rs in Lakhs)

Particulars

31-03-2023

31-03-2022

Revenue from Operation

7,747.93

9,524.36

Other Income

55.27

196.60

Total Revenue

7,803.20

9,720.96

Cost of Materials Consumed

810.01

632.48

Purchase of Stock in trade

1403.17

2,902.04

Changes in inventories of finished goods, WIP and Stock in trade

227.63

159.75

Employee Benefits Expenses

599.48

559.19

Finance Costs

232.92

204.53

Depreciation and Amortization Expenses

488.14

506.47

Other Expenses

2426.43

2581.60

Total Expenses

6,187.78

7,546.06

Profit/ (loss) before exceptional items & taxes

1,615.43

2,174.89

Exceptional Items

-

-1.82

Profit/ (loss) before taxes

1,615.43

2,176.71

Current Tax

427.16

556.04

Deferred Tax

-30.28

-17.84

Profit / (Loss) for the period

1,218.55

1,638.51

Earnings per Equity Share:

 

 

Basic

24.76

33.31

Diluted

24.76

33.31

Premier Cryogenics Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars

31-03-2023

31-03-2022

CASH FLOW FROM OPERATING ACTIVITES

 

 

Net Profit before Tax and after Extraordinary Items

1615.43

2176.71

Adjustments:

 

 

Depreciation & Amortization Expenses

488.14

506.47

Adjustment in fixed assets

-

26.81

Profit on sale of Property

1.90

0.13

Interest Income

-57.85

-63.98

Other non-operating income

-2.08

-24.24

Gain on sale of Investments

4.65

-108.38

Operating Profit before Working Capital Charges

2050.19

2513.52

(Increase) /decrease in Trade receivables

591.85

-1515.06

(Increase) /decrease in other current assets

253.12

414.11

Increase /(decrease) in trade Payable & Current Liabilities

-130.15

-274.47

Cash generated from operations

2765.00

1138.10

Direct taxes paid

-442.01

-595.12

Net Cash Flow from Operating Activates

2323.00

542.97

CASH FLOW FROM INVESTING ACTIVITIES

 

 

Acquisition of Fixed Assets

-187.67

-207.79

Disposal of Fixed Assets

2.90

3.18

Investment in Capital work in progress

-31.81

-

(Increase) /decrease in Non-Current Assets

265.13

294.74

(Increase) /decrease in Investments

-3701.79

877.90

Interest Income

57.85

63.98

Gain / (Loss) on sale of Investments

-4.65

108.38

Other operating revenue

2.08

24.24

Net Cash Flow from Investing Activities

-3597.96

1164.63

CASH FLOW FROM FINANCING ACTIVITIES

 

 

Increase in reserves

-

1.50

Increase in borrowing

483.39

-408.02

Dividend and Dividend Tax paid

-73.86

-59.09

Increase/ decrease in other non-current liabilities

10.08

23.31

Net Cash Flow from Financing Activities

419.62

-442.30

NET INCREASE IN CASH AND CASH EQUIVALENTS

-855.35

1265.30

CASH & CASD EQUIVALENTS AT THE BEGINNING OF THE YEAR

1336.05

70.75

CASH & CASH EQUIVALENTS AT THE END OF THE YEAR

480.70

1336.05

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

Cash Flow from Operating Activities

Net Profit before Tax and after Extraordinary Items:

In 2023, the company reported a net profit before tax and extraordinary items of ₹1,615.43, compared to ₹2,176.71 in 2022.

Adjustments:

Depreciation & Amortization Expenses: Depreciation and amortization expenses were ₹488.14 in 2023, slightly down from ₹506.47 in 2022, reflecting the allocation of the cost of tangible and intangible assets over their useful lives.

Adjustment in Fixed Assets: No adjustment in fixed assets in 2023, whereas there was an adjustment of ₹26.81 in 2022.

Profit on Sale of Property: The company realized a profit of ₹1.90 in 2023 from the sale of property, compared to ₹0.13 in 2022.

Interest Income: The interest income was -₹57.85 in 2023, compared to -₹63.98 in 2022.

Other Non-Operating Income: Other non-operating income was -₹2.08 in 2023, down from -₹24.24 in 2022.

Gain on Sale of Investments: There was a gain of ₹4.65 in 2023, compared to a loss of -₹108.38 in 2022.

Operating Profit before Working Capital Changes:

The operating profit before working capital changes was ₹2,050.19 in 2023, down from ₹2,513.52 in 2022.

Adjustments for Working Capital Changes:

(Increase)/Decrease in Trade Receivables: Trade receivables decreased by ₹591.85 in 2023, compared to an increase of -₹1,515.06 in 2022, indicating improved collection of receivables.

(Increase)/Decrease in Other Current Assets: Other current assets decreased by ₹253.12 in 2023, compared to an increase of ₹414.11 in 2022.

Increase/(Decrease) in Trade Payables & Current Liabilities: Trade payables and current liabilities decreased by -₹130.15 in 2023, compared to a decrease of -₹274.47 in 2022.

Cash Generated from Operations:

The cash generated from operations was ₹2,765.00 in 2023, up from ₹1,138.10 in 2022.

Direct Taxes Paid:

Direct taxes paid amounted to -₹442.01 in 2023, compared to -₹595.12 in 2022.

Net Cash Flow from Operating Activities:

The net cash flow from operating activities was ₹2,323.00 in 2023, significantly up from ₹542.97 in 2022.

2. Cash Flow from Investing Activities

Acquisition of Fixed Assets:

The acquisition of fixed assets was -₹187.67 in 2023, down slightly from -₹207.79 in 2022.

Disposal of Fixed Assets:

Proceeds from the disposal of fixed assets were ₹2.90 in 2023, compared to ₹3.18 in 2022.

Investment in Capital Work in Progress:

Investment in capital work in progress was -₹31.81 in 2023, with no comparable figure for 2022.

(Increase)/Decrease in Non-Current Assets:

There was a decrease in non-current assets of ₹265.13 in 2023, compared to ₹294.74 in 2022.

(Increase)/Decrease in Investments:

Investments increased by -₹3,701.79 in 2023, compared to a decrease of ₹877.90 in 2022.

Interest Income:

Interest income was ₹57.85 in 2023, down slightly from ₹63.98 in 2022.

Gain/(Loss) on Sale of Investments:

There was a loss of -₹4.65 in 2023, compared to a gain of ₹108.38 in 2022.

Other Operating Revenue:

Other operating revenue was ₹2.08 in 2023, down from ₹24.24 in 2022.

Net Cash Flow from Investing Activities:

The net cash flow from investing activities was -₹3,597.96 in 2023, a significant decrease from ₹1,164.63 in 2022.

3. Cash Flow from Financing Activities

Increase in Reserves:

No increase in reserves in 2023, compared to an increase of ₹1.50 in 2022.

Increase in Borrowing:

Borrowings increased by ₹483.39 in 2023, compared to a decrease of -₹408.02 in 2022.

Dividend and Dividend Tax Paid:

Dividend and dividend tax paid amounted to -₹73.86 in 2023, compared to -₹59.09 in 2022.

Increase/Decrease in Other Non-Current Liabilities:

Other non-current liabilities increased by ₹10.08 in 2023, compared to an increase of ₹23.31 in 2022.

Net Cash Flow from Financing Activities:

The net cash flow from financing activities was ₹419.62 in 2023, compared to a decrease of -₹442.30 in 2022.

4. Net Increase in Cash and Cash Equivalents

The net increase in cash and cash equivalents was -₹855.35 in 2023, compared to an increase of ₹1,265.30 in 2022.

Cash and Cash Equivalents at the Beginning and End of the Year

At the Beginning of the Year:

Cash and cash equivalents at the beginning of the year were ₹1,336.05 in 2023, compared to ₹70.75 in 2022.

At the End of the Year:

Cash and cash equivalents at the end of the year were ₹480.70 in 2023, compared to ₹1,336.05 in 2022.

In summary, while the company experienced significant cash inflows from operating activities in 2023, these were offset by substantial outflows from investing activities. Financing activities also provided some positive cash flow, but overall, there was a net decrease in cash and cash equivalents by the end of the year.

Financial Ratios of Premier Cryogenics Limited

Particulars

2023

2022

Current Ratio

3.19

4.14

Debt to Equity

0.27

0.23

Debt service coverage ratio

2.16

3.37

Return on equity

14.99%

24.19%

Inventory Turnover

28.12

19.23

Trade receivables Turnover

2.17

3.07

Trade payables turnover

35.19

17.14

Net capital turnover

1.57

2.71

Net Profit ratio

15.73%

17.21%

Return on Capital employed

20.92%

30.78%

Return on Investment

-0.25%

22.66%

Here is a summary of the financial and operational metrics for Premier Cryogenics Limited for the year 2023 & 2022:

Current Ratio: The current ratio decreased from 4.14 in 2022 to 3.19 in 2023. While the ratio remains healthy (above 1), indicating good liquidity and the ability to cover short-term liabilities, the decline suggests a decrease in current assets relative to current liabilities.

Debt to Equity Ratio: The debt-to-equity ratio increased slightly from 0.23 in 2022 to 0.27 in 2023. This indicates a slight increase in the company’s reliance on debt relative to its equity, but overall, the ratio remains low, signifying a conservative capital structure with minimal financial risk.

Debt Service Coverage Ratio: The debt service coverage ratio decreased from 3.37 in 2022 to 2.16 in 2023. Although the ratio still indicates the company’s ability to service its debt from operating income, the decline suggests a reduced margin of safety for debt repayment.

Return on Equity (ROE): The return on equity decreased from 24.19% in 2022 to 14.99% in 2023. This significant reduction indicates that the company is generating lower returns on shareholders ' equity, suggesting a decline in profitability.

Inventory Turnover: The inventory turnover ratio increased from 19.23 in 2022 to 28.12 in 2023. This substantial increase suggests improved efficiency in managing and selling inventory, leading to faster inventory turnover.

Trade Receivables Turnover: The trade receivables turnover ratio decreased from 3.07 in 2022 to 2.17 in 2023. This indicates slower collection of receivables, which could impact the company’s cash flow.

Trade Payables Turnover: The trade payables turnover ratio increased significantly from 17.14 in 2022 to 35.19 in 2023. This indicates that the company is paying its suppliers much more quickly, which might be due to better cash flow management or favorable credit terms.

Net Capital Turnover Ratio: The net capital turnover ratio decreased from 2.71 in 2022 to 1.57 in 2023. This suggests a decline in the efficiency with which the company is using its capital to generate revenue.

Net Profit Ratio: The net profit ratio decreased from 17.21% in 2022 to 15.73% in 2023. While still strong, this decline indicates a slight reduction in profitability as a percentage of total revenue.

Return on Capital Employed (ROCE): The return on capital employed decreased from 30.78% in 2022 to 20.92% in 2023. This decline suggests that the company’s efficiency in generating profits from its capital employed has decreased.

Return on Investment (ROI): The return on investment dropped dramatically from 22.66% in 2022 to -0.25% in 2023. This negative ROI indicates that the company’s investments did not generate positive returns, highlighting potential issues in investment strategies or market conditions.

Premier Cryogenics Annual Report

Premier Cryogenics Annual Report 2022-23

Download

Premier Cryogenics Annual Report 2021-22

Download

Premier Cryogenics Annual Report 2020-21

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Premier Cryogenics Annual Report 2019-20

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