Prudential Sugar Annual Reports, Balance Sheet and Financials

Prudential Sugar Corporation Limited Balance Sheet (Rs in Thousands)

Prudential Sugar Corporation Limited Profit & Loss Statement (Rs in Thousands)

Prudential Sugar Corporation Limited Consolidated Cash Flow Statement (Rs in Thousands)

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

Cash Flow from Operating Activities

Net Profit Before Tax & Extraordinary Items:

The company reported a net profit before tax and extraordinary items of ₹47,307.03 in 2023, up significantly from ₹25,322.00 in 2022. This indicates a substantial increase in profitability.

Depreciation:

Depreciation expense was ₹106.45 in 2023, slightly lower than ₹116 in 2022. Depreciation is a non-cash expense that reflects the wear and tear of fixed assets over time.

Interest Income:

There was no interest income reported in 2023, while in 2022, the company had an interest income of ₹-43,847.00. This indicates a shift in the company’s income sources or changes in investment strategies.

Operating Profit Before Working Capital Changes:

The operating profit before working capital changes was ₹47,413.48 in 2023, a significant improvement compared to a negative figure of ₹-18,409.00 in 2022. This shows enhanced operational efficiency and profitability before considering working capital adjustments.

Adjustments for Working Capital Changes:

Increase/(Decrease) in Trade Payables: Trade payables increased by ₹341.03 in 2023. There was no corresponding figure reported for 2022.

(Increase)/Decrease in Other Financial Liability (Current): A decrease of ₹-40 was noted in other financial liabilities in 2023, with no change reported in 2022.

(Increase)/Decrease in Other Financial Asset (Current): There was a significant increase of ₹-76,761.37 in other financial assets in 2023. No corresponding figure for 2022 was provided.

(Increase)/Decrease in Other Current Assets: The company saw an increase of ₹1,14,037.00 in other current assets in 2022. No figure was provided for 2023.

(Increase)/Decrease in Trade Receivables: Trade receivables increased by ₹-1,133.49 in 2023, with no corresponding figure for 2022.

(Increase)/Decrease in Current Liabilities: Current liabilities decreased by ₹-6,990.61 in 2023, compared to a decrease of ₹-1,10,909.00 in 2022. This indicates a reduction in short-term obligations.

Increase/(Decrease) in Current Tax Liabilities: There was an increase of ₹16,380.19 in current tax liabilities in 2023. No corresponding figure for 2022 was provided.

Cash Generated from Operations:

The cash generated from operations was negative at ₹-20,790.77 in 2023, compared to ₹-15,281.00 in 2022. This suggests that despite improved profitability, working capital changes resulted in a cash outflow from operating activities.

Net Cash Flow from Operating Activities:

The net cash flow from operating activities was negative at ₹-20,790.77 in 2023, slightly worse than ₹-15,281.00 in 2022, indicating that operating activities were a net use of cash.

Cash Flow from Financing Activities

Interest & Other Charges:

No interest and other charges were reported in 2023, while in 2022, there was a significant amount of ₹43,847.00.

Net Cash Flow from Financing Activities:

There was no cash flow from financing activities in 2023. In 2022, the net cash flow from financing activities was ₹43,847.00, indicating that in the previous year, financing activities were a source of cash.

Net Increase in Cash & Cash Equivalents

The net decrease in cash and cash equivalents was ₹-20,790.77 in 2023, compared to an increase of ₹28,566.00 in 2022. This indicates a substantial outflow of cash during 2023.

Opening and Closing Cash & Cash Equivalents

Opening Cash & Cash Equivalents:

The opening balance of cash and cash equivalents was ₹28,596.00 in 2023, up from ₹30 in 2022. This indicates the cash available at the beginning of the year.

Closing Cash & Cash Equivalents:

The closing balance of cash and cash equivalents was ₹7,805.23 in 2023, down from ₹28,596.00 in 2022. This reflects the cash available at the end of the year.

Financial Ratios of Prudential Sugar Corporation Limited

Here is a summary of the financial and operational metrics for Prudential Sugar Corporation Limited for the year 2023 & 2022:

Current Ratio: The current ratio decreased from 6.26 in 2022 to 4.73 in 2023. While still indicating a strong liquidity position, the decline suggests that the company 's short-term financial strength has slightly weakened but remains robust enough to cover its short-term liabilities.

Return on Equity (ROE): The return on equity ratio increased from 0.07 in 2022 to 0.1302 in 2023. This significant improvement indicates that the company has become more effective in generating profit from its shareholders ' equity, reflecting enhanced profitability.

Net Capital Turnover Ratio: The net capital turnover ratio dropped significantly from 15.48 in 2022 to 0.806 in 2023. This sharp decline suggests that the company is less efficient in utilizing its net capital to generate revenue compared to the previous year, which may indicate operational inefficiencies or changes in capital structure.

Return on Capital Employed (ROCE): The return on capital employed increased from 0.03 in 2022 to 0.066 in 2023. This improvement shows that the company is generating better returns from its capital employed, indicating improved operational performance and efficiency.

Net Profit Ratio: The net profit ratio increased from 0.03 in 2022 to 0.07 in 2023. This indicates that the company is retaining a higher percentage of its revenue as profit, reflecting better profitability.

Dividend History