Rajparis Civil Annual Reports, Balance Sheet and Financials

Rajparis Civil Constructions Limited  Balance Sheet (Rs In Thousands)

 Rajparis Civil Constructions Limited Profit & Loss Statement (Rs In Thousand)

 Rajparis Civil Constructions Limited Consolidated Cash Flow Statement (Rs In Thousand)

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

A. Cash Flow from Operating Activities:

1. Net Profit / (Loss) before Tax:

In 2023, the company reported a Net Profit before Tax of Rs 12,166.94, which is significantly lower than the previous year 's figure of Rs 1,09,899.36. This decrease could be attributed to various factors affecting the company 's operational performance.

2. Adjustments for Depreciation and Amortization:

Depreciation and amortization adjustments for 2023 amounted to Rs 2,614.84, reflecting the reduction in the value of assets over time. This figure decreased from Rs 6,013.31 in 2022, indicating a potential decrease in asset value or a change in the company 's asset structure.

3. Adjustments for Finance Costs:

Finance costs adjustments in 2023 were Rs 4,181.70, down from Rs 8,277.90 in 2022. This decline suggests a reduction in financial expenses, which could be due to factors such as lower interest rates or improved financial management.

4. Adjustments for Interest Income:

The company earned Rs -17,383.56 from interest income in 2023, compared to Rs -15,182.58 in 2022. While the negative sign indicates an interest expense, the increase in the absolute value suggests a higher interest income or reduced interest expenses.

5. Profit on Sale of Car:

A small profit of -Rs 10.4 was incurred on the sale of a car in 2023, while in 2022, a larger loss of -Rs 363.63 was reported. The change in this figure might be influenced by the company 's asset management or strategic decisions.

6. Net (Gain) / Loss on Sale of Investments/Assets:

No specific information is provided for 2023. In 2022, there was a significant loss of -Rs 39,789.76, likely resulting from the sale of investments or assets. This could have affected the overall profitability for the year.

7. Rental Income from Investment Properties:

No rental income was reported from investment properties in either 2023 or 2022. The absence of rental income might be due to the nature of the company 's business or the current state of its investment properties.

8. Operating Profit / (Loss) before Working Capital Changes:

The operating profit before working capital changes was Rs 1,569.52 in 2023 and Rs 68,231.14 in 2022. The significant decrease indicates a notable shift in operational performance, potentially influenced by various internal and external factors.

9. Adjustments for (Increase) / Decrease in Operating Assets and Liabilities:

The company experienced a significant increase in inventories in 2023 (Rs 39,088.98) compared to a decrease in 2022 (-Rs 38,457.35). This could be due to changes in production levels, demand, or procurement strategies.

Trade receivables decreased by Rs 1,431.52 in 2023, while they increased by Rs 614.41 in 2022. The decrease in 2023 might indicate efficient receivables management or changes in credit terms.

Other Financial Assets increased by Rs 5,962.94 in 2023, contrasting with a smaller increase of Rs 1,051.03 in 2022. This could be influenced by changes in the company 's investment portfolio.

Other non-current assets decreased by Rs 744.12 in 2023, compared to an increase of Rs 220.87 in 2022. This change may reflect adjustments in long-term assets.

Other Current Assets saw a significant increase of Rs 46,391.06 in 2023, contrasting with a decrease of Rs 45,435.87 in 2022. This might be due to changes in short-term investments or working capital management.

Trade payables decreased by Rs 66,373.87 in 2023, while they increased by Rs 45,365.46 in 2022. The decrease in trade payables could be due to more efficient payment practices or renegotiated terms with suppliers.

Borrowings-current liabilities increased by Rs 58,805.74 in 2023, compared to a decrease of Rs 38,297.69 in 2022. This indicates a significant shift in the company 's debt position.

Other Financial current liabilities increased by Rs 1,805.83 in 2023, contrasting with a decrease of Rs 7,519.42 in 2022. This could be influenced by changes in financial obligations or liabilities.

Other current liabilities decreased by Rs 94,719.30 in 2023, compared to a decrease of Rs 10,317.85 in 2022. The change may be due to adjustments in various short-term liabilities.

Long-term provisions increased by Rs 936.94 in 2023, contrasting with a decrease of Rs 2,534.42 in 2022. This reflects changes in the company 's long-term obligations.

10. Cash Generated from Operations:

The cash generated from operations in 2023 was -Rs 8,707.81, indicating a negative cash flow, whereas in 2022, it was -Rs 27,079.69. The decrease in cash generated from operations suggests a potential challenge in generating positive cash flow from core business activities.

11. Net Income Tax (Paid) / Refunds:

Net income tax payments amounted to -Rs 5,433.61 in 2023, showing a decrease from -Rs 5,917.52 in 2022. This may be due to changes in tax liabilities or adjustments in the company 's tax planning strategies.

12. Net Cash Flow from Operating Activities:

The net cash flow from operating activities in 2023 was -Rs 14,141.42, reflecting a decrease from -Rs 32,997.21 in 2022. The negative sign indicates an overall outflow of cash from operating activities.

B. Cash Flow from Investing Activities:

13. Purchases of Property, Plant & Equipment:

The company invested -Rs 210.41 in Property, Plant & Equipment in 2023, a significant decrease from -Rs 7,251.15 in 2022. The decrease in capital expenditures may indicate a conservative approach to asset investments.

14. Sale of Property, Plant & Equipment:

A small sale of Property, Plant & Equipment resulted in Rs 13 in 2023, compared to a larger sale of Rs 666 in 2022. The company may have liquidated certain assets or equipment.

15. Proceeds from Sale of Investments:

No specific information is provided for 2023. In 2022, there were proceeds of Rs 44,858.60 from the sale of investments. The absence of information may suggest a different investment strategy or no significant divestments in the specified period.

16. Increase/Decrease

 in Bank Deposits:

Bank deposits increased by Rs 18,562.27 in 2023, a significant decrease from the increase of Rs 94,341.16 in 2022. The change in bank deposits may be influenced by the company 's liquidity management or changes in investment strategies.

17. Interest Received-Gross:

Interest received gross was Rs 17,384 in 2023, compared to Rs 15,182.58 in 2022. The increase may be attributed to higher interest rates or changes in the company 's investment portfolio.

18. Rental Income from Investment Properties:

No rental income was reported from investment properties in either 2023 or 2022. The absence of rental income might be due to the nature of the company 's business or the current state of its investment properties.

19. Net Cash Flow from / (Used in) Investing Activities:

The net cash flow from investing activities in 2023 was Rs 35,748.41, indicating a substantial increase from Rs 1,48,421.67 in 2022. The positive figure suggests a potential inflow of cash from investment activities.

C. Cash Flow from Financing Activities:

20. Payment on Buy Back:

In 2023, the company made a substantial payment on buyback, amounting to -Rs 36,069.39, while in 2022, there was a larger payment of -Rs 1,21,830.46. The buyback payments may be part of the company 's capital management or share repurchase program.

21 Finance Cost:

Finance costs decreased from -Rs 8,277.90 in 2022 to -Rs 4,181.69 in 2023. The decrease in finance costs indicates potential cost-saving measures or changes in the company 's financing structure.

22. Net Cash Flow from / (Used in) Financing Activities:

The net cash flow from financing activities in 2023 was -Rs 40,251.08, reflecting a decrease from -Rs 1,30,108.36 in 2022. The negative figure suggests an overall outflow of cash from financing activities.

Overall Cash Flow:

23. Net Increase/(Decrease):

The overall net increase/(decrease) in cash and cash equivalents was -Rs 18,644.09 in 2023, compared to -Rs 14,683.91 in 2022. This indicates a decrease in the company 's overall cash position.

24. Cash and Cash Equivalents at the Beginning of the Year:

The company started 2023 with cash and cash equivalents of Rs 23,198.59, which was significantly lower than the beginning balance of Rs 37,883.45 in 2022. The decrease suggests potential cash utilization or investment activities.

25. Cash and Cash Equivalents at the End of the Year:

The ending cash and cash equivalents for 2023 were Rs 4,554.53, indicating a decrease from Rs 23,198.59 in 2022. The decrease suggests a potential liquidity challenge or strategic allocation of cash.

Reconciliation of Cash and Cash Equivalents with the Balance Sheet:

26. Cash on Hand:

Cash on hand decreased slightly from Rs 44.63 in 2022 to Rs 34.21 in 2023.

27. Balances with Banks:

In current accounts, the balances with banks increased from Rs 23,153.96 in 2022 to Rs 4,520.33 in 2023. This may reflect changes in the company 's banking relationships or cash management strategies.

28. Cash & Cash Equivalents:

The total cash and cash equivalents reconciled with the balance sheet were Rs 4,554.53 in 2023, showing a decrease from Rs 23,198.59 in 2022. This reconciled amount aligns with the ending cash and cash equivalents reported in the Cash Flow Statement.

In summary, the detailed analysis provides insights into the company 's cash flow activities, covering operating, investing, and financing activities. The explanations help in understanding the factors influencing changes in the company 's financial position and overall cash management strategies between 2023 and 2022.

Bellow are the Financial Ratios

Here is a summary of the financial and operational metrics for Rajparis Civil Constructions Limited for the years 2023 and 2022:

1. Current Ratio:

2023: 4.56

2022: 2.84

The current ratio measures the company 's ability to cover short-term liabilities with its short-term assets. A higher current ratio in 2023 (4.56) compared to 2022 (2.84) suggests improved liquidity and a better ability to meet its short-term obligations.

2. Debt-Equity Ratio:

2023: 0.25

2022: 0.08

The debt-equity ratio indicates the proportion of debt and equity used to finance the company 's assets. A lower ratio in 2023 (0.25) compared to 2022 (0.08) suggests a lower reliance on debt for financing, indicating a more conservative capital structure.

3. Debt Service Coverage Ratio:

2023: 4.11

2022: 0.78

The debt service coverage ratio measures the company 's ability to cover its debt obligations with its operating income. The significant increase from 2022 (0.78) to 2023 (4.11) indicates an improved ability to service debt.

4. Return on Equity (ROE):

2023: 0.01

2022: 0.06

ROE measures the company 's profitability in relation to shareholders ' equity. A decline in ROE from 2022 (0.06) to 2023 (0.01) suggests lower profitability in the context of equity investment.

5. Inventory Turnover Ratio:

2023: 2.07

2022: 0.86

The inventory turnover ratio measures how efficiently the company manages its - inventory. An increase from 2022 (0.86) to 2023 (2.07) indicates better inventory management and faster inventory turnover.

6. Trade Receivables Turnover Ratio:

2023: 446.34

2022: Not provided

The trade receivables turnover ratio measures how many times a company collects its average receivables during a period. A high ratio in 2023 (446.34) suggests efficient management of receivables.

7. Trade Payables Turnover Ratio:

2023: 0.67

2022: 0.95

The trade payables turnover ratio measures how many times a company pays its average trade payables during a period. A decrease from 2022 (0.95) to 2023 (0.67) suggests a longer payment cycle.

8. Net Capital Turnover Ratio:

2023: 0.92

2022: 0.36

The net capital turnover ratio measures how efficiently the company generates sales from its total capital employed. An increase from 2022 (0.36) to 2023 (0.92) indicates improved capital efficiency.

9. Net Profit Ratio (%):

2023: 0.03

2022: 70.91%

The net profit ratio, expressed as a percentage, indicates the portion of revenue that translates into net profit. The decrease from 2022 (70.91%) to 2023 (0.03%) is significant and may warrant further investigation into the company 's profitability drivers.

10. Return on Capital Employed:

2023: 0.02 (data not provided for 2022)

Return on Capital Employed (ROCE) measures how efficiently a company uses its capital to generate profits. A positive ROCE in 2023 suggests a positive return on the capital employed.