Resins and Plastics Annual Reports, Balance Sheet and Financials

Resins and Plastics Limited Balance Sheet (Rs in Lakhs)

Resins and Plastics Limited Profit & Loss Statement (Rs in Lakhs)

Resins and Plastics Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Here is the analysis of cash flow for year March 2023 and 2022:

Cash Flow from Operating Activities:

Net profit before tax and extraordinary items: In the fiscal year ending March 31, 2024, the company reported a net profit before tax and extraordinary items of ₹1,554.97 Lakh, up from ₹1,329.72 Lakh in the previous year. This increase indicates improved profitability.

Adjustments: Various adjustments were made to compute cash flow from operations, including depreciation and amortization expenses amounting to ₹147.48 Lakh, interest income of -₹4.01 Lakh (reflecting interest earned), finance costs of ₹3.14 Lakh (interest paid), and dividend income received from non-current investments amounting to -₹0.02 Lakh.

Profit or loss on investments and assets: The Company recorded a net loss of -₹81.22 Lakh from the sale of investments and a slight profit of ₹0.32 Lakh from fixed assets written off. There were also adjustments for bad debts written off (₹1.14 Lakh), unrealized foreign exchange gains (₹3.02 Lakh), and gains/losses on the sale of fixed assets (₹-0.50 Lakh).

Operating profit before working capital changes: Before adjusting for changes in working capital, the company 's operating profit was ₹1,624.32 Lakh in 2024, up from ₹1,384.38 Lakh in 2023.

Changes in working capital: Significant changes in working capital affected cash flows. Inventories increased by ₹556.29 Lakh, whereas trade receivables decreased by -₹338.38 Lakh. There were decreases in short-term loans and advances (-₹70.31 Lakh) and trade payables (-₹259.28 Lakh). Other current liabilities decreased by -₹24.42 Lakh, and both short-term (-₹21.6 Lakh) and long-term (-₹42.38 Lakh) provisions decreased.

Cash generated from operations: After adjusting for working capital changes and other adjustments, the cash generated from operations in 2024 amounted to ₹1,428.28 Lakh, compared to ₹1,129.58 Lakh in 2023.

Income tax paid: The company paid income tax of -₹367.5 Lakh (net of refunds), compared to -₹331.99 Lakh in the previous year.

Net cash flow from operating activities: Overall, the net cash flow generated from operating activities in 2024 was ₹1,060.78 Lakh, reflecting an increase from ₹797.59 Lakh in 2023.

Cash Flow from Investing Activities:

Capital expenditures: The company invested -₹126.66 Lakh in property, plant, and equipment in 2024, compared to -₹445.51 Lakh in 2023. Additionally, -₹23.09 Lakh was spent on capital work in progress.

Investments: There was a significant reduction in investments with the purchase of current investments amounting to -₹2,500.00 Lakh in 2024, compared to -₹3,275.00 Lakh in 2023. Conversely, proceeds from the sale of current investments were ₹1,962.73 Lakh in 2024, down from ₹3,201.73 Lakh in 2023.

Other activities: The Company received dividend income of ₹0.02 Lakh and interest income of ₹4.04 Lakh from non-current investments and other sources in 2024, compared to ₹0.02 Lakh and ₹2.02 Lakh, respectively, in 2023.

Net cash flow from investing activities: Overall, the net cash used in investing activities was -₹682.16 Lakh in 2024, compared to -₹503.62 Lakh in 2023, reflecting decreased investments in property, plant, and equipment, and reduced purchases and sales of current investments.

Cash Flow from Financing Activities:

Finance costs: The company incurred finance costs of -₹1.74 Lakh in 2024, compared to -₹2.88 Lakh in 2023.

Dividends: Dividends paid out totaled -₹250.34 Lakh in both 2024 and 2023.

Net cash flow from financing activities: The net cash used in financing activities was -₹252.08 Lakh in 2024, slightly lower than -₹253.22 Lakh in 2023.

Net Increase / (Decrease) in Cash and Cash Equivalents:

Beginning and ending cash balances: Cash and cash equivalents at the beginning of 2024 were ₹107.82 Lakh, increasing to ₹234.36 Lakh by the end of the year. In comparison, cash and cash equivalents were ₹67.07 Lakh at the beginning of 2023, increasing to ₹107.82 Lakh by the end of that year.

Net increase: The net increase in cash and cash equivalents during 2024 was ₹126.54 Lakh, compared to ₹40.75 Lakh in 2023.

Financial Ratios of Resins and Plastics Limited

Here is the summary of financial and operational metrics for Resins and Plastics Limited for year 2023 & 2022:

Current Ratio (Times):

2024: 6.67 times

2023: 5.16 times

Insight: The current ratio measures the company 's ability to pay its short-term liabilities with its short-term assets. An increase from 5.16 times in 2023 to 6.67 times in 2024 indicates improved liquidity and a stronger ability to meet short-term obligations.

Return on Equity Ratio (%):

2024: 11.19%

2023: 10.30%

Insight: This ratio indicates how effectively the company is generating profits from shareholders ' equity. An increase from 10.30% in 2023 to 11.19% in 2024 suggests improved profitability relative to shareholder investments.

Inventory Turnover Ratio (Times):

2024: 11.62 times

2023: 10.76 times

Insight: The inventory turnover ratio shows how efficiently inventory is managed. An increase from 10.76 times in 2023 to 11.62 times in 2024 indicates that inventory is being sold more quickly, which can free up working capital and improve cash flow.

Trade Receivables Turnover Ratio (Times):

2024: 4.58 times

2023: 4.77 times

Insight: This ratio measures how efficiently the company collects payments from customers. A slight decrease from 4.77 times in 2023 to 4.58 times in 2024 suggests a slightly longer collection period for receivables.

Trade Payables Turnover Ratio (Times):

2024: 14.42 times

2023: 15.05 times

Insight: The trade payables turnover ratio indicates how quickly the company pays its suppliers. A decrease from 15.05 times in 2023 to 14.42 times in 2024 suggests a longer payment cycle to suppliers.

Net Profit Ratio (%):

2024: 4.49%

2023: 3.90%

Insight: The net profit ratio shows the percentage of net profit generated from total revenue. An increase from 3.90% in 2023 to 4.49% in 2024 indicates improved profitability.

Return on Capital Employed (%):

2024: 14.93%

2023: 13.88%

Insight: This ratio evaluates the profitability of capital investments. An increase from 13.88% in 2023 to 14.93% in 2024 indicates improved returns on the capital employed in the business.

Return on Investment (%):

2024: 3.34%

2023: 2.28%

Insight: The return on investment ratio measures the return generated on investments made. An increase from 2.28% in 2023 to 3.34% in 2024 indicates improved efficiency in generating returns on investments.

Dividend History

Resins and Plastics Limited Recent Financial Performance:

Dividend per Share: The specific dividend per share figure for March 2024 is Rs. 7 and 2023 is also Rs 6; Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance.