Rathi Industries Annual Report | Balance Sheet for FY 2022-23

Rathi Industries Limited (Rathi Industries) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Rathi Industries Limited

BALANCE SHEET OF RATHI INDUSTRIES LIMITED (In Rs. Lakhs)

PARTICULARS	31st March 2021	31st March 2020	31st March 2019
ASSETS
NON-CURRENT ASSETS
Fixed Assets	12,800.92	13,199.28	11,994.80
Investment Property	348.30	348.30	348.30
Other non-current assets	260.41	223.38	362.62
TOTAL NON-CURRENT ASSETS	13,409.63	13,770.96	12,705.72
CURRENT ASSETS
Inventories	3,230.90	3,610.49	3,213.28
Trade receivables	8,326.18	8,000.79	9,415.99
Cash and Cash Equivalents	43.55	167.49	47.88
Other Current Assets	1,901.87	1,356.85	1,117.41
TOTAL CURRENT ASSETS	13,502.50	13,178.70	13,871.18
TOTAL ASSETS	26,912.13	26,949.66	26,576.90
EQUITY AND LIABILITIES
EQUITY
Equity share capital	646.00	646.00	646.00
Other Equity	13,216.58	12,953.59	12,827.47
TOTAL EQUITY	13,862.58	13,599.59	13,473.47
NON CURRENT LIABILITIES
Borrowings	3,613.03	3,190.15	898.72
Provisions	39.65	37.96	24.54
Tax liabilities	407.10	353.37	262.26
Other noncurrent liabilities	1,510.95	1,944.47	2,612.61
TOTAL NON-CURRENT LIABILITIES	5,570.73	5,525.95	3,798.13
CURRENT LIABILITIES
Borrowings	5,564.96	6,331.94	6,345.62
Trade payables	1,305.47	1,024.59	2,385.79
Other current liabilities	544.93	422.31	462.51
Provisions	63.46	45.28	111.38
TOTAL CURRENT LIABILITIES	7,478.82	7,824.12	9,305.30
TOTAL EQUITY AND LIABILITIES	26,912.13	26,949.66	26,576.90

PROFIT & LOSS STATEMENT OF RATHI INDUSTRIES LIMITED (In Rs. Lakhs)

PARTICULARS	2021	2020	2019	2018
Revenue from Operations	45,580.56	68,465.30	94,079.25	71,817.18
EBITDA	2,120.54	1,920.71	1,800.74	1,656.11
EBITDA margins	4.65%	2.81%	1.91%	2.31%
Finance Cost	1,082.90	853.40	695.73	733.69
Depreciation	733.69	541.85	642.74	616.28
Other Income	119.25	96.36	78.75	93.29
Profit/Loss before Tax	423.21	621.82	541.01	399.42
Exceptional items	43.02	357.97	0.00	0.00
Total Tax	117.20	137.74	133.61	78.65
Profit After Tax (PAT)	262.99	126.12	407.40	320.78
PAT margins	0.58%	0.18%	0.43%	0.45%
EPS	4.07	1.95	6.31	4.97

Rathi Industries Cash Flow Statement for the last three years (In Rs. Crore)

Particulars	31st march 2022	31st March 2021	31st March 2020
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year	0.44	1.67	0.48
Net Cash from Operating Activities	22.97	2.12	0.87
Net Profit before Tax & Extraordinary Items	3.99	3.17	2.17
Depreciation	5.14	7.34	5.42
Interest (Net)	9.09	10.83	8.53
P/L on Sales of Invest	-3.12	-0.45	-0.03
Total Adjustments (PBT & Extraordinary Items)	11.11	17.71	13.92
Op. Profit before Working Capital Changes	15.09	20.88	16.09
Others	16.97	-7.93	-6.69
Total (OP before Working Capital Changes)	16.97	-7.93	-6.69
Cash Generated from/(used in) Operations	32.06	12.95	9.4
Interest Paid(Net)	-9.09	-10.83	-8.53
Total-others	-9.09	-10.83	-8.53
Cash Flow before Extraordinary Items	22.97	2.12	0.87
Net Cash Used in Investing Activities	4.39	-2.9	-17.43
Purchased of Fixed Assets	0	-3.82	-17.48
Sale of Fixed Assets	4.39	0	0
Sale of Investments	0	0.92	0.05
Net Cash Used in Financing Activities	0	-0.46	17.76
Proceed from 0ther Long Term Borrowings	0	0	17.76
Of the Long Tem Borrowings	0	-0.46	0
Net Inc/(Dec) in Cash and Cash Equivalent	27.37	-1.24	1.2
Cash and Cash Equivalents at End of the year	27.8	0.44	1.67

Summary of Rathi Industries Cash Flow Statement for the last three years (In Rs. Crore )

Operating Activities:

- Net Cash from Operating Activities: The net cash generated from operating activities increased significantly from $0.87 in 2020 to $2.12 in 2021, and further to $22.97 in 2022. This indicates a substantial improvement in cash generation from the core operations of the business.

Investing Activities:

- Net Cash Used in Investing Activities: The company used cash for investing activities in all three years. However, the magnitude of cash used decreased from -$17.43 in 2020 to -$2.9 in 2021, and then increased to $4.39 in 2022. This suggests a reduction in investment outflows followed by a positive cash flow from investing activities in 2022.

- Purchased of Fixed Assets: The company made significant purchases of fixed assets in 2020, resulting in a negative cash flow of -$17.48. However, in 2021, fixed assets were sold for $4.39, and no fixed assets were purchased. No fixed asset transactions were reported in 2022.

- Sale of Investments: The company generated a cash inflow of $0.92 in 2021 from the sale of investments. No sales of investments were reported in 2020 and 2022.

Financing Activities:

- Net Cash Used in Financing Activities: In 2021, the company had a net cash outflow of -$0.46 from financing activities. However, in 2022, the company had no financing activities, resulting in a net cash flow of $0 from financing activities.

- Proceeds from Other Long Term Borrowings: The company received cash proceeds of $17.76 from other long-term borrowings in 2021. No such proceeds were reported in 2020 and 2022.

Funds Flow Statement Of Rathi Industries Limited (Rs. In Crores)

PARTICULARS	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18
Sources of funds
Cash profit	8.69	3.36	2.47	85	0
Increase in equity	0	0	0	6.46	0
Increase in other networth	0	0	0.01	124.2	0
Increase in loan funds	0	0	16.24	98.81	5.73
Decrease in gross block	1.27	3.25	0	0	0
Decrease in working capital	1.78	1.15	0	0	7.27
Total Inflow	11.74	7.76	18.72	314.47	13
Application of funds
Cash loss	0	0	0	0	6.26
Decrease in networth	0.01	0	0	0	0
Decrease in loan funds	11.75	7.76	0	0	0
Increase in gross block	0	0	13.25	204.36	4.53
Increase in investments	0	0	0	0	2.22
Increase in working capital	0	0	5.45	110.12	0
Total Outflow	11.76	7.76	18.7	314.48	13.01

Key Finanacial Ratio Of Rathi Industries Limited (Rs. In Crores)

Particulars	31st March 2022	31st Marc 2021	31st March 2020
Key Ratios
Debt-Equity Ratio	0.63	0.68	0.62
Long Term Debt-Equity Ratio	0.18	0.25	0.15
Current Ratio	1.55	1.66	1.52
Turnover Ratios
Fixed Assets Turnover Ratio	3.12	2.15	3.35
Inventory Turnover Ratio	20.3	13.33	20.07
Debtors Turnover Ratio	7.68	5.58	7.86
Total Asset Turnover Ratio	2.71	1.83	2.83
Interest Cover Ratio	1.18	1.35	1.73
PBIDTM (%)	2.43	4.82	2.94
PBITM (%)	1.64	3.21	2.15
PBDTM (%)	1.04	2.44	1.7
CPM (%)	0.97	2.19	1.29
APATM (%)	0.19	0.58	0.5
ROCE (%)	4.45	5.89	6.08
RONW (%)	0.88	1.92	2.53

DIVIDEND HISTORY

Particulars	2020	2019	2018
Dividend (final + interim) (In Rs.)	Nil	Nil	Nil

PERFORMANCE OF THE COMPANY

Revenue from Operations of the company decreased by 33.43% from Rs. 68,465.30 lakhs in FY 2020 to Rs. 45,580.56 lakhs in FY 2021.
EBITDA of the company increased by 10.40% from Rs. 1,920.71 lakhs in FY 2020 to Rs. 2,120.54 lakhs in FY 2020.
EBITDA margins improved from 2.81% in FY 2020 to 4.65% in FY 2021.
Profit After Tax of the company increased significantly by 108.53% from Rs. 126.12 lakhs in FY 2020 to Rs. 262.99 lakhs in FY 2021.
The current Ratio of the company as of 31st March 2021 was b
The debt to Equity ratio of the company as of 31st March 2021 was 0.66.
The book value per equity share of the company as of 31st March 2021 was Rs. 215.5.
The company has not given any dividends for the past three years.

Rathi Industries Unquoted Share Price

Rathi Industries Limited (Rathi Industries) Return Comparision with Primex 40 Index

BALANCE SHEET OF RATHI INDUSTRIES LIMITED (In Rs. Lakhs)

PROFIT & LOSS STATEMENT OF RATHI INDUSTRIES LIMITED (In Rs. Lakhs)

Rathi Industries Cash Flow Statement for the last three years (In Rs. Crore)

Funds Flow Statement Of Rathi Industries Limited (Rs. In Crores)

Key Finanacial Ratio Of Rathi Industries Limited (Rs. In Crores)

DIVIDEND HISTORY

PERFORMANCE OF THE COMPANY

Rathi Industries Annual Report 2020-21

Rathi Industries Annual Report 2019-20

Rathi Industries Annual Report 2022-23

Rathi Industries Annual Report 2021-22

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