| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Rathi Industries Limited |
|
Particulars |
31-03-2024 |
|
Non-Current Assets |
|
|
Property,
Plant and Equipment |
14,046 |
|
Investment
Property |
4,887 |
|
Other
non-current assets |
50 |
|
Current Assets |
|
|
Inventories |
4,953 |
|
Trade
Receivables |
6,972 |
|
Cash
and cash equivalents |
7 |
|
Bank
balances other than above |
7 |
|
Current
tax assets |
78 |
|
Other
Current assets |
1,945 |
|
Total Assets |
32,945 |
|
Equity |
|
|
Equity
Share Capital |
646 |
|
Other
Equity |
23,063 |
|
Non-Current Liabilities |
|
|
Borrowings |
74 |
|
Provisions |
24 |
|
Deferred
tax liabilities |
592 |
|
Other
non-current liabilities |
407 |
|
Current Liabilities |
|
|
Borrowings |
4,376 |
|
Trade
Payables |
1,676 |
|
Other
Current Liabilities |
2,009 |
|
Provisions |
77 |
|
Total Equity and Liabilities |
32,945 |
|
Particulars |
31-03-2024 |
|
Revenue |
|
|
Revenue
from Operations |
69,706 |
|
Other
Income |
125 |
|
Total Revenue |
69,831 |
|
Expenses |
|
|
Cost
of Raw material consumed |
9,762 |
|
Purchase
of stock in trade |
57,212 |
|
Changes
in inventories of finished goods & Stock in trade |
602 |
|
Employee
benefits expenses |
162 |
|
Finance
costs |
579 |
|
Depreciation
and amortization expenses |
143 |
|
Other
expenses |
953 |
|
Total Expenses |
69,413 |
|
Profit Before Tax |
418 |
|
Deferred
tax |
69 |
|
Current
tax |
76 |
|
Profit/Loss for the year |
273 |
|
Earnings per share |
|
|
Basic
|
5.98 |
|
Diluted |
5.98 |
|
Particulars |
31-03-2024 |
|
Cash Flow from Operating Activities |
|
|
Net
Profit before taxation and extraordinary items |
273 |
|
Adjustments for: |
|
|
Depreciation |
143 |
|
Financial
charges |
579 |
|
(Profit)/Loss
on sale of vehicle |
-1 |
|
Operating Profit before WC changes: |
994 |
|
Change
in Working Capital |
-1,077 |
|
Financial
charges |
-579 |
|
Cash Flow before extra ordinary items |
-662 |
|
Prior
year adjustments |
416 |
|
Net Cash from Operating activities |
-246 |
|
Cash Flow from Investing Activities |
|
|
(Purchase)
& Sale of Fixed assets |
-2,883 |
|
Funds
inflow from non-current assets |
134 |
|
(Purchase)
& sale of Investments |
-4,539 |
|
Increase
in the value of land on its revaluation |
8,452 |
|
Net Cash from Investing Activities |
1,164 |
|
Cash Flow from Financing Activities |
|
|
Proceeds
from Non-current liabilities |
-347 |
|
Proceeds
from Long term borrowing |
-952 |
|
Proceeds
from share premium |
342 |
|
Net Cash from Financing Activities |
-957 |
|
Net Increase in cash and cash equivalents |
-39 |
|
Cash
and Cash Equivalents (Previous year) |
52 |
|
Cash
and Cash Equivalents (Current year) |
13 |
Summary of the Cash Flow statement for the year 2024 and
2023:
Cash Flow from Operating Activities
The
company reported a net profit before taxation and extraordinary items of ₹273
lakhs during the year ended 31st March 2024. After adjustments for non-cash
items such as depreciation of ₹143 lakhs, financial charges of ₹579
lakhs, and a minor gain of ₹1 lakh on the sale of a vehicle, the
operating profit before working capital changes stood at ₹994 lakhs.
However, working capital adjustments required a significant outflow of ₹1,077
lakhs, and the payment of financial charges further reduced available cash.
After accounting for prior year adjustments of ₹416 lakhs, the net cash
used in operating activities was ₹246 lakhs, showing that the core
operations of the company consumed cash instead of generating it.
Cash Flow from Investing Activities
The
company made substantial investments during the year, with a cash outflow of ₹2,883
lakhs towards fixed assets and ₹4,539 lakhs for investments. A
modest inflow of ₹134 lakhs was realized from non-current assets.
However, a significant boost came from the revaluation of land, which
increased its value by ₹8,452 lakhs. This one-time adjustment offset the
heavy investment outflows, resulting in a positive net cash flow from investing
activities of ₹1,164 lakhs.
Cash Flow from Financing Activities
Financing
activities reflected repayment pressure. The company repaid ₹347 lakhs
of non-current liabilities and ₹952 lakhs of long-term borrowings. On
the positive side, it received ₹342 lakhs from share premium proceeds.
Overall, this section showed a net cash outflow of ₹957 lakhs,
indicating that repayments exceeded inflows from financing sources.
Net Movement in Cash and Closing Balance
After
combining all activities, the company reported a net decrease of ₹39 lakhs
in cash and cash equivalents during the year. The opening balance of ₹52
lakhs fell to ₹13 lakhs as of 31st March 2024. This indicates that
while the company benefited from the land revaluation on the investing side,
both operating and financing activities put significant downward pressure on
liquidity.
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Current
ratio |
1.71 |
1.64 |
|
Debt
equity ratio |
0.01 |
1.34 |
|
Debt
service coverage ratio |
1.90 |
4.199 |
|
Return
on equity ratio |
0.65 |
0.02 |
|
Inventory
turnover ratio |
0.07 |
0.89 |
|
Trade
receivables turnover ratio |
9.99 |
13.65 |
|
Trade
payables turnover ratio |
1.86 |
1.61 |
|
Net
capital turnover ratio |
18.15 |
17.67 |
|
Net
profit ratio |
0.40 |
0.01 |
|
Return
on capital employed |
0.05 |
0.01 |
Summary of financial ratios of Rathi Industries Limited for
the year 2024 and 2023:
Current Ratio
The current ratio increased slightly from 1.64 in
2023 to 1.71 in 2024. This indicates that the company’s ability to cover its
short-term liabilities with short-term assets has improved.
Debt-Equity Ratio
The debt-equity ratio shows a sharp fall from 1.34
in 2023 to 0.01 in 2024. This indicates that the company has almost eliminated
its reliance on external borrowings and is now almost entirely equity-financed.
Debt Service Coverage Ratio (DSCR)
The DSCR dropped significantly from 4.199 in 2023
to 1.90 in 2024. Although the company is still able to service its debt (since
the ratio is above 1), the sharp decline suggests a reduced capacity to meet
interest and principal payments comfortably. Return on Equity (ROE)
The return on equity ratio improved sharply from 0.02
in 2023 to 0.65 in 2024. This shows that the company generated much higher
returns for shareholders in the current year compared to the previous one.
Inventory Turnover Ratio
The inventory turnover ratio declined steeply from 0.89
in 2023 to 0.07 in 2024. This suggests that the company is holding on to its
inventory for a much longer period, indicating inefficiency in inventory
management or slow sales.
Trade Receivables Turnover Ratio
The receivables turnover ratio decreased from 13.65
in 2023 to 9.99 in 2024. This shows that the company is taking longer to
collect payments from its customers compared to last year.
Trade Payables Turnover Ratio
The trade payables turnover ratio rose from 1.61 in
2023 to 1.86 in 2024. This means the company is paying its suppliers slightly
faster than before. While timely payments strengthen supplier relationships,
paying too quickly can reduce available cash for operations.
Net Capital Turnover Ratio
The net capital turnover ratio increased marginally
from 17.67 in 2023 to 18.15 in 2024. This indicates that the company is
generating slightly higher revenue from its working capital base.
Net Profit Ratio
The net profit ratio jumped significantly from 0.01
in 2023 to 0.40 in 2024. This shows that profitability has improved
substantially, meaning the company is now retaining more profit per rupee of
sales.
Return on Capital Employed (ROCE)
The ROCE improved from 0.01 in 2023 to 0.05 in 2024.
While the increase shows better returns from total capital employed, the figure
is still very low.
