Ranjan Polysters Limited (Ranjan Polysters) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Ranjan Polysters Limited

Ranjan Polysters Limited Balance Sheet (Rs in lakhs)

Particulars	31-03-2023	31-03-2022
ASSETS
Non-current assets
Property, Plant and Equipment	1,939.73	1,231.70
Capital work-in-progress	0	15.09
Right of use Assets	0.52	0.53
Other Financial Assets	59.67	69.87
Income Taxes Assets (Net)	0	98.51
Other Non-Current assets	0	66.25
Sub Total- Non Current assets	1,999.92	1,481.95
Current assets
Inventories	538.79	386.31
Trade receivables	1,281.97	1,014.60
Cash and Cash equivalents	0.57	1.35
Bank balance other than	0	31.44
Other current Financial Assets	9.42	10.19
Current Tax Assets	22.12	20.76
Other current assets	298.36	166.08
Sub Total -Current assets	2,151.23	1,630.73
TOTAL ASSETS	4,151.15	3,112.68
EQUITY AND LIABILITIES
Equity
Equity Share capital	300.09	300.09
Other Equity	1,051.97	779.03
LIABILITIES
Non-current liabilities
Borrowings	1,407.90	977.54
Lease liabilities	0	0.02
Provisions	100.23	78.72
Deferred tax liabilities (net)	138.46	94.6
Current liabilities
Borrowings	338.29	316.04
total outstanding dues of micro enterprises and small enterprises	96.86	105.95
total outstanding dues of creditors other than micro enterprises and small enterprises	515.79	289.42
Other Financial Liabilities	180.98	154.84
Other current liabilities	8.79	8.22
Provisions	11.79	8.21
TOTAL EQUITY AND LIABILITIES	4,151.15	3,112.68

Ranjan Polysters Limited Profit & Loss Statement (Rs in lakhs)

Particulars	31-03-2023	31-03-2022
Revenue
Revenue from Operations	8,409.33	5,279.10
Other Income	24.32	4.76
Total Income	8,433.65	5,283.86
Expenses
Cost of Materials Consumed	2,513.53	1,275.17
Changes in inventories of Finished Goods, Stock-in-Trade and Work-in-progress	-159.3	91.3
Employee Benefits Expense	1,491.35	1,158.17
Finance Costs	139.43	98.21
Depreciation and Amortization Expense	163.71	126.36
Other Expenses	3,886.00	2,441.17
Total Expenses	8,034.72	5,190.38
Profit Before Tax	398.93	93.48
Tax Expense
Current Tax	71.91	27.84
Tax For Earlier Year	-2.29	3.92
Deferred Tax	45.12	8.15
Profit for the year	284.19	53.57
Adjustment due to Actuarial Gain/(Loss) recognized in	-4.56	-1.84
Income tax relating to above	-1.27	-0.51
Total Other Comprehensive Income	-3.29	-1.33
Total Comprehensive Income	280.9	52.24
Earnings per equity share of face value of Rs. 10 Each
Basic	9.47	1.79
Diluted	9.47	1.79

Ranjan Polysters Limited Consolidated Cash Flow Statement (Rs in lakhs)

Particulars	31-03-2023	31-03-2022
Cash Flow from Operating Activities
Net Profit before tax	398.94	93.48
Depreciation and amortization expense	163.71	126.36
Loss/(Profit) on sale/ compensation of PP&E	2.27	6.37
Finance costs	139.43	98.21
Deferred revenue income	-7.96	-0.76
Interest income	-14.81	-4
Remeasurement of employee benefits (Net)	-4.56	-1.84
Operating profit before working capital changes	677.02	317.82
Changes in working capital:
Inventories	-152.48	168.32
Trade receivables	-267.37	-211.73
Other non-current Financial Assets	10.2	-1.93
Other non-current assets	66.25	-44.29
Other current financial assets	0.77	-2.83
Other Bank Balances	31.44	-1.36
Other current assets	-132.28	-114.93
Income Tax Assets (Net)	97.15	-23.51
Trade payables	217.28	-7.7
Short-term borrowings	22.24	19.38
Provisions	25.09	13.37
Other Current Financial liabilities	26.14	14.02
Other Non-current Financial liabilities	-0.02	-
Other Current liabilities	0.57	-3.34
Cash generated from operations	622	121.29
Net income tax (paid) / refund	-69.61	-31.76
Net cash flow from / (used in) operating activities	552.39	89.53
Cash Flow from Investing Activities
Capital expenditure on PP&E	-862.43	-177.59
Sale / Transfer of PP&E	3.52	12.13
Subsidy net of reversal	-	29.96
Interest received	14.81	4
Net cash flow from / (used in) investing activities	-844.1	-131.5
Cash Flow from Financing Activities
Proceeds / (Repayment) from long-term borrowings	430.36	141
Finance costs	-139.43	-98.21
Net cash flow from / (used in) financing activities	290.93	42.79
Net increase / (decrease) in Cash and cash equivalents	-0.78	0.82
Cash and cash equivalents at the beginning of the year	1.35	0.53
Cash and cash equivalents at the end of the year	0.57	1.35

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

Cash Flow from Operating Activities:

Net Profit before tax:

31-03-2023: 398.94

31-03-2022: 93.48

Analysis: Significant increase in profitability before tax, indicating improved operational performance.

Depreciation and amortization expense:

31-03-2023: 163.71

31-03-2022: 126.36

Analysis: Higher depreciation expense reflects increased investment in fixed assets.

Operating profit before working capital changes:

31-03-2023: 677.02

31-03-2022: 317.82

Analysis: Substantial increase in operating profit due to improved operational efficiency.

Changes in working capital:

Inventories, Trade receivables, Trade payables: Significant changes impacting cash flows from operations, indicating adjustments in inventory management and receivables/payables turnover.

Income Tax Assets (Net):

31-03-2023: 97.15

31-03-2022: -23.51

Analysis: Positive net income tax assets in 2023 compared to a net liability in 2022, impacting cash flows positively.

Net cash flow from operating activities:

31-03-2023: 552.39

31-03-2022: 89.53

Analysis: Significant increase in cash generated from operations, reflecting improved profitability and working capital management.

Cash Flow from Investing Activities:

Capital expenditure on PP&E:

31-03-2023: -862.43

31-03-2022: -177.59

Analysis: Large increase in capital expenditure indicates significant investment in property, plant, and equipment (PP&E).

Net cash flow from investing activities:

31-03-2023: -844.1

31-03-2022: -131.5

Analysis: Substantial cash outflow due to increased capital expenditures, indicating expansion or modernization of facilities.

Cash Flow from Financing Activities:

Proceeds / (Repayment) from long-term borrowings:

31-03-2023: 430.36

31-03-2022: 141

Analysis: Significant increase in borrowing, likely for funding capital expenditures or operational needs.

Net cash flow from financing activities:

31-03-2023: 290.93

31-03-2022: 42.79

Analysis: Increased cash flow from financing activities, indicating higher external financing activities.

Financial Ratios of Ranjan Polysters Limited

Ratios	31-03-2023	31-03-2022
CURRENT RATIO	1.87	1.85
DEBT-EQUITY RATIO	1.29	1.2
DEBT SERVICE COVERAGE RATIO	1.9	1.44
RETURN ON EQUITY (ROE)	23.38%	5.16%
INVENTORY TURNOVER RATIO	18.18	11.22
TRADE RECEIVABLES TURNOVER RATIO	7.32	5.81
TRADE PAYABLES TURNOVER RATIO	6.27	4.01
NET CAPITAL TURNOVER RATIO	8.42	7.06
NET PROFIT RATIO	3.38%	1.01%
RETURN ON CAPITAL EMPLOYED	16.64%	7.77%
RETURN ON INVESTMENT	12.97%	6.16%

Current Ratio:

31-03-2023: 1.87

31-03-2022: 1.85

Analysis: The current ratio measures the company 's ability to pay its short-term obligations. An increase from 1.85 to 1.87 indicates a slight improvement in liquidity, with the company having slightly more current assets to cover its current liabilities.

Debt-Equity Ratio:

31-03-2023: 1.29

31-03-2022: 1.20

Analysis: The debt-equity ratio indicates the proportion of debt and equity used to finance the company 's assets. An increase from 1.20 to 1.29 suggests higher reliance on debt financing compared to equity, which could increase financial risk.

Debt Service Coverage Ratio:

31-03-2023: 1.9

31-03-2022: 1.44

Analysis: This ratio measures the company 's ability to cover its debt obligations from its operating income. An increase from 1.44 to 1.9 indicates improved ability to service its debt, which is a positive sign of financial health.

Return on Equity (ROE):

31-03-2023: 23.38%

31-03-2022: 5.16%

Analysis: ROE measures the profitability relative to shareholders ' equity. The significant increase from 5.16% to 23.38% indicates improved profitability and efficient use of equity capital.

Inventory Turnover Ratio:

31-03-2023: 18.18

31-03-2022: 11.22

Analysis: This ratio shows how efficiently inventory is managed. An increase from 11.22 to 18.18 indicates faster turnover of inventory, which is generally positive as it reduces holding costs and improves cash flow.

Trade Receivables Turnover Ratio:

31-03-2023: 7.32

31-03-2022: 5.81

Analysis: This ratio indicates how quickly receivables are collected. An increase from 5.81 to 7.32 suggests improved efficiency in collecting receivables, which is beneficial for cash flow.

Trade Payables Turnover Ratio:

31-03-2023: 6.27

31-03-2022: 4.01

Analysis: This ratio measures how quickly the company pays its suppliers. An increase from 4.01 to 6.27 indicates improved management of payables, which could benefit working capital management.

Net Capital Turnover Ratio:

31-03-2023: 8.42

31-03-2022: 7.06

Analysis: This ratio measures how effectively capital is used to generate revenue. An increase from 7.06 to 8.42 suggests improved efficiency in capital utilization.

Net Profit Ratio:

31-03-2023: 3.38%

31-03-2022: 1.01%

Analysis: This ratio shows the company 's net profit margin. An increase from 1.01% to 3.38% indicates improved profitability per rupee of sales.

Return on Capital Employed (ROCE):

31-03-2023: 16.64%

31-03-2022: 7.77%

Analysis: ROCE measures the return generated from capital employed in the business. The increase from 7.77% to 16.64% indicates significant improvement in capital efficiency and profitability.

Return on Investment (ROI):

31-03-2023: 12.97%

31-03-2022: 6.16%

Analysis: ROI measures the return on total investment. The increase from 6.16% to 12.97% indicates improved efficiency in generating returns for all stakeholders.

Dividend history

Particulars	31-03-2023	31-03-2022
Dividend paid	-	-
Retained earnings	904.01	623.11
Total	904.01	623.11