Reliance Mediaworks Annual Report

Reliance Mediaworks Limited (Reliance Media) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Reliance Mediaworks Limited

Reliance media Works Limited Balance Sheet (Rs in lakhs)

Particulars	31-03-2023	31-03-2022
ASSETS
Non-Current Assets
Property, Plant and Equipment	1.45	16.84
Intangible Assets	363.32	363.32
Investments	2,441.74	3,598.88
Loan	222.46	204.09
Other Financial Assets	127.64	629.86
Other non-current assets	1,595.58	1,760.69
Total Non-Current Assets	4,752.19	6,573.68
Current Assets
Investments	568.72	5.93
Trade Receivables	15.29	108.92
Cash and Cash Equivalents	115.46	249.6
Bank Balance Other Than Cash	625.01	640.88
Loans	2,497.76	3,118.59
Other Financial Assets	486.13	275.44
Other Current Assets	212.78	197.46
Total Current Assets	4,915.97	4,202.00
Total Assets	9,668.16	10,775.68
EQUITY AND LIABILITIES
Equity
Equity Share Capital	9,660.44	9,660.44
Other Equity	-3,63,151.33	-3,41,946.00
Equity attributable to Equity holders	-3,53,490.89	-3,32,285.56
Non Controlling Interests	1,215.18	1,239.07
Total Equity	-3,52,275.71	-3,31,046.49
Non-Current Liabilities
Borrowings	2,38,514.67	2,44,957.44
Provision	5.23	0.62
Total Non-Current Liabilities	2,38,519.90	2,44,958.06
Current Liabilities
Borrowings	11,036.44	10,166.30
Trade Payables	1.57	2.84
Dues of Creditors	5,153.30	7,464.39
Other Financial Liabilities	1,04,379.51	79,184.11
Provision	0.27	0.94
Other Current Liabilities	1,410.62	1,487.75
Total Current Liabilities	1,23,423.93	96,864.11
Total Equity and Liabilities	9,668.16	10,775.68

Reliance media Works Limited Profit & Loss Statement (Rs in lakhs)

Particulars	31-03-2023	31-03-2022
Income
Revenue from Operations	-	1,775.99
Other income	823.56	6,172.24
Total Income	823.56	7,948.23
Expenses
Cost of Production	-	1,992.88
Employee Benefit Expenses	72.05	138.58
Finance costs	18,713.91	18,472.51
Depreciation, amortization and impairment	16.34	3.19
Other expenses	1,816.99	299.39
Total Expenses	20,619.29	20,906.55
Profit / (Loss) Before Tax	-12,958.33	-19,795.73
Provision for Diminution in Value of Investments	-	-1,152.50
Share of Profit / (Loss) from Joint Venture	-1,433.14	-
Profit / (Loss) Before Tax	-21,228.87	-14,110.83
Income tax of earlier years	0.8	-15.67
Total Tax Expenses	0.8	-15.67
Profit / (Loss) for the Year	-21,229.67	-14,095.16
Other Comprehensive Income	-	-1.92
Total Comprehensive Income for the Year	-21,229.67	-14,097.08
Net Profit / (Loss) attributable To:
Owners of the Company	-21,205.32	-14,061.17
Non-controlling interest	-24.35	-35.91
Total Comprehensive income attributable to the owners of the Company	-21,205.32	-14,061.17
Earnings per Equity Share (face value of Rs. 5)
Basic and Diluted	-7.28	-40.02

Reliance media Works Limited Consolidated Cash Flow Statement (Rs in lakhs)

Particulars	31-03-2023	31-03-2022
Cash Flow from Operating Activities
Net Profit/ (Loss) before tax	-21,228.87	-14,110.82
Adjustments for:
Depreciation, amortization and impairment	16.34	3.19
Excess provision written back	-461.7	-4,777.16
Provision for Doubtful Debts/ Advances/ Provision written back	0	-1,074.84
Bad Debts Written Off	283.62	-
Provision for Dimuniation in the Value of Investments	1,152.50	-
Reversal of Provision for Interest Receivables	-50.07	-
Loss on Sale of Investment	0.41	-
Interest Income	-325.71	-260.3
Gain on Sale of Mutual Fund	-18.78	-10.65
Loss on Foreign Currency Translations	174.19	-
Share of Profit from Investment in Partnership Firm	12.06	-16.91
Finance Costs	18,713.91	18,472.51
Operating profit before working capital changes	-1,732.09	-1,728.01
(Increase)/ Decrease in Inventories	-	866.37
(Increase)/ Decrease in Financial Assets & Other Assets	776.28	-152.87
(Increase)/ Decrease in Financial Liabilities & Other Liabilities	329.63	11,495.05
Cash flow from / (used in) Operating Activities	-426.14	10,480.54
Taxes paid (Net of Refund)	200.04	14.97
Net cash flow from / (used in) Operating Activities	-226.1	10,495.51
Cash Flow from Investing activities
Sale/(Purchase) of other Investments	-	58.57
Investment in Partnership Firm	-7.42	-20
(Investment)/Divestment in Mutual Fund & Other	-562.79	750.5
(Investment)/Redemption in Fixed Deposit with Banks	17.73	47.24
Inter Corporate Deposit (Given)/Received	-120.83	-369.66
Interest Income	325.71	76.64
Net cash flow / (used in) Investing Activities	-347.6	543.29
Cash Flow from Financing activities
Inter Corporate Loan received / (repaid)	620.83	-6,101.33
Gain revaluation of Mutual Fund	18.78	10.67
Redemption of Non Convertible Debentures	-	-720.94
Interest Expense	-0.01	-4,101.48
Net cash flow from / (used in) Financing activities	639.6	-10,913.08
Net increase/(decrease) in cash and cash equivalent	-134.14	125.72
Cash and cash equivalents as at beginning of the year	249.6	123.88
Cash and cash equivalents as at end of the year	115.46	249.6

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

Cash Flow from Operating Activities

Net Profit/Loss before Tax:

Higher loss in 31-03-2023 (-21,228.87) compared to 31-03-2022 (-14,110.82), indicating deteriorating profitability.

Adjustments:

Significant adjustments include higher depreciation and impairment charges in 31-03-2023.

Lower provisions written back in 31-03-2023 contributed to increased losses.

Operating Profit before Working Capital Changes:

Slightly higher operating losses in 31-03-2023 compared to 31-03-2022.

Cash Flow:

Negative cash flow from operations in 31-03-2023 (-426.14) versus positive cash flow in 31-03-2022 (10,480.54), indicating challenges in generating cash from core operations.

Cash Flow from Investing Activities

Investment Activities:

Net cash outflow in both years, more pronounced in 31-03-2023 (-347.6), reflecting increased investments or capital expenditures.

Cash Flow from Financing Activities

Financing Activities:

Net cash inflow in 31-03-2023 (639.6) compared to significant outflow in 31-03-2022 (-10,913.08), mainly due to loans received in 31-03-2023.

Cash and Cash Equivalents

Net Change:

Decrease in cash and cash equivalents in 31-03-2023 (-134.14), whereas an increase was seen in 31-03-2022 (125.72).

Ending cash position decreased in 31-03-2023, indicating potential liquidity challenges.

Financial Ratios of Reliance media Works Limited

Ratios	31-03-2023	31-03-2022
Current ratio (in times)	0.087	0.083
Debt Equity ratio (in times)	-0.02	-0.023
Return on Equity ratio (in %)	0.06	0.103
Return on capital employed (in %)	-0.059	-0.1
Return on Investment (in %)	-0.159	-0.255

Current Ratio

31-03-2023: 0.087

31-03-2022: 0.083

Analysis:

The current ratio measures the company 's ability to meet short-term liabilities with its short-term assets. Both years show a very low current ratio, indicating a potential liquidity issue where current assets are significantly lower than current liabilities.

Debt Equity Ratio

31-03-2023: -0.02

31-03-2022: -0.023

Analysis:

A negative debt-equity ratio suggests that the company has negative equity, potentially indicating that liabilities exceed assets or shareholder equity is negative. This situation can arise in financially distressed companies.

Return on Equity (ROE) Ratio

31-03-2023: 0.06% (0.06)

31-03-2022: 0.103% (0.103)

Analysis:

ROE measures the profitability generated from shareholder equity. The decrease from 31-03-2022 to 31-03-2023 indicates a decline in profitability relative to shareholder investment.

Return on Capital Employed (ROCE) Ratio

31-03-2023: -0.059% (-0.059)

31-03-2022: -0.1% (-0.1)

Analysis:

ROCE assesses the efficiency of capital utilization in generating profits. Negative values indicate that the company 's capital employed is not generating sufficient returns, reflecting financial inefficiency or operational losses.

Return on Investment (ROI) Ratio

31-03-2023: -0.159% (-0.159)

31-03-2022: -0.255% (-0.255)

Dividend history

Particulars	31-03-2023	31-03-2022
Dividend paid	-	-
Retained earnings	-3,86,290.86	-3,70,417.19
Total	-3,86,290.86	-3,70,417.19

During the year under review, the Board of Directors has not recommended any dividend on the Shares of the Company.

Reliance Mediaworks Limited Annual Report

Reliance Mediaworks Limited (Reliance Media) Return Comparision with Primex 40 Index

Reliance media Works Limited Balance Sheet (Rs in lakhs)

Reliance media Works Limited Profit & Loss Statement (Rs in lakhs)

Reliance media Works Limited Consolidated Cash Flow Statement (Rs in lakhs)

Financial Ratios of Reliance media Works Limited

Dividend history

Reliance Mediaworks Annual Report 2022-23

Reliance Mediaworks Annual Report 2021-22

Reliance Mediaworks Annual Report 2020-21

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