Rathi Steel and Power Annual Report | Balance Sheet

Rathi Steel and Power Limited (Resurgent Steel) Return Comparision with Primex 40 Index

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

Particulars	31st March 2022	31st March 2021	31st March 2020
SOURCES OF FUNDS :
Share Capital	76.5	76.5	76.5
Reserves Total	-256.24	-219.75	-470.54
Total Shareholders Funds	-179.74	-143.25	-394.04
Secured Loans	278.41	390.62	641.76
Total Debt	278.41	390.62	641.76
Other Liabilities	4.21	6.7	7.68
Total Liabilities	102.88	254.07	255.4
APPLICATION OF FUNDS :
Gross Block	181.75	450.33	466.02
Less : Accumulated Depreciation	114.38	242.31	244.5
Net Block	67.37	208.02	221.52
Investments	0.16	0.16	0.16
Current Assets, Loans & Advances
Inventories	24.99	10.64	8.29
Sundry Debtors	6.8	18.73	12.42
Cash and Bank	1.31	2.64	2.94
Loans and Advances	18.59	21.54	16.37
Total Current Assets	51.69	53.55	40.02
Less : Current Liabilities and Provisions
Current Liabilities	93.09	88.73	86.68
Provisions	0.34	0.34	0.34
Total Current Liabilities	93.43	89.07	87.01
Net Current Assets	-41.74	-35.52	-47
Deferred Tax Assets	72.91	72.91	72.91
Net Deferred Tax	72.91	72.91	72.91
Other Assets	4.18	8.51	7.82
Total Assets	102.88	254.08	255.41
Contingent Liabilities	74.67	79.12	8.39

Particulars	2022	2021	2020
INCOME :
Sales Turnover	542.52	427.3	37.53
Net Sales	542.52	427.3	37.53
Other Income	6.73	200.67	62.47
Stock Adjustments	1.42	-0.21	-8.8
Total Income	550.67	627.76	91.2
EXPENDITURE :
Raw Materials	451.4	366.02	58.65
Power & Fuel Cost	40.79	26.26	20.73
Employee Cost	6.13	5.22	6.53
Other Manufacturing Expenses	14.67	12.93	15.18
Selling and Administration Expenses	2.4	2.76	4.76
Miscellaneous Expenses	45.2	0.71	0.33
Total Expenditure	560.59	413.9	106.18
Operating Profit	-9.91	213.86	-14.98
Interest	13.11	7.23	2.15
Gross Profit	-23.02	206.63	-17.13
Depreciation	13.46	16.49	8.5
Profit Before Tax	-36.48	190.14	-25.63
Reported Net Profit	-36.49	190.14	-25.63
Extraordinary Items	-41.07	190.5	0
Adjusted Net Profit	4.58	-0.36	-25.63
P & L Balance brought forward	-407.94	-598.08	-572.45
P & L Balance carried down	-444.43	-407.94	-598.08
Earnings Per Share-Unit Curr	-11.65	60.73	-8.19
Earnings Per Share(Adj)-Unit Curr	-11.65	60.73	-8.19
Book Value-Unit Curr	-72.45	-60.8	-140.9
Book Value(Adj)-Unit Curr	-72.45	-60.8	-140.9

Particulars	31st March 2022	31st March 2021	31st March 2020
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year	2.64	2.94	2.37
Net Cash from Operating Activities	-11.75	196.32	2.88
Net Profit before Tax & Extraordinary Items	4.63	-0.36	-25.63
Depreciation	13.46	16.49	8.5
Interest (Net)	12.73	6.99	-0.35
Prov. & W/O (Net)	-0.09	-3.75	-0.01
Others	-0.41	-0.09	0
Total Adjustments (PBT & Extraordinary Items)	25.69	19.63	8.14
Op. Profit before Working Capital Changes	30.31	19.27	-17.48
Trade & 0th receivables	11.93	-6.32	4.02
Inventories	-14.34	-2.36	4.4
Loans & Advances	7.27	-5.85	-6.01
Others	-46.92	191.57	17.95
Total (OP before Working Capital Changes)	-42.06	177.05	20.36
Cash Generated from/(used in) Operations	-11.75	196.32	2.88
Cash Flow before Extraordinary Items	-11.75	196.32	2.88
Net Cash Used in Investing Activities	128.04	1.08	-2.31
Purchased of Fixed Assets	-7.4	-3.97	-2.66
Sale of Fixed Assets	134.63	0.98	0
Interest Received	0.35	0.23	0.35
Others	0.47	3.85	0
Net Cash Used in Financing Activities	-117.63	-197.71	0
Proceed from 0ther Long Term Borrowings	0	60.65	0
Of the Long Tem Borrowings	-0.73	-60.65	0
Of the short term Borrowings	-103.81	-190.5	0
Interest Paid	-13.08	-7.21	0
Net Inc/(Dec) in Cash and Cash Equivalent	-1.33	-0.3	0.57
Cash and Cash Equivalents at End of the year	1.31	2.64	2.94

Particulars	2022	2021	2020
Dividend per Share	Nil	Nil	Nil

Net Revenue from Operations decreased by 12.28% from Rs. 627.76 Crore in FY 2021 to Rs. 550.67 Crore in FY 2022.
EBITDA inclined by 6.53% and reached Rs. 31.15 Crore in FY 2022 from Rs. 29.24 Crore in FY 2021 and EBITDA margins increased from 4.65% to 5.65% in FY 2022.
Total secured loans of the company decreased from Rs. 390.62 Crore as of 31st March 2021 to Rs. 278.41 Crore as of 31st March 2022.
The Finance cost of the company increased by 81.23% from Rs. 7.23 Crore to Rs. 13.11 Crore.
Profit after Tax increased by 4.94% from Rs. -0.36 Crore in FY 2021 to Rs. 4.58 Crore in FY 2022. Profit after Tax (PAT) margins also incline from -0.057% in FY 2021 to 4.58% in FY 2022.
For FY 2022, the company’s EPS was Rs. -11.65.
The current Ratio of the company as of 31st March 2022 is 0.49.
The Debt to Equity Ratio of the company as of 31st March 2022 was 0.
The book value of the company as of 31st March 2022 is -57.41.