Rydak Syndicate Annual Reports, Balance Sheet and Financials

Rydak Syndicate Limited Balance Sheet (Rs in Lakhs)

Rydak Syndicate Limited Profit & Loss Statement (Rs in Lakhs)

Rydak Syndicate Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities

Profit Before Tax: In 2024, the profit before tax is ₹543.99 million, which is significantly lower than the previous year 's ₹1,089.27 million. This decline suggests a reduction in operational profitability or higher expenses.

Adjustments for Non-Cash Items:

Depreciation Expenses: Depreciation has increased from ₹314.99 million in 2023 to ₹338.71 million in 2024. This reflects additional wear and tear on the company 's assets or new assets added that are being depreciated.

Net Gain on Fair Valuation of Financial Assets: In 2023, there was a loss of ₹64.11 million due to fair valuation adjustments, but there is no such entry for 2024, indicating either no change or no revaluation for the current year.

Changes in Biological Assets: The change is a negative ₹34.27 million in 2024 compared to a positive ₹25.39 million in 2023. This could indicate a decrease in the value of biological assets or an increase in the costs associated with them.

Finance Cost: Finance costs have risen from ₹98.55 million in 2023 to ₹155.08 million in 2024, reflecting higher interest expenses or additional debt.

Provision for Bad & Doubtful Debts: There is no provision for bad debts in 2024, while there was ₹59.26 million in 2023. This could mean improved collection or no new provisions required.

Sundry Balances Written Off: Sundry balances written off were ₹6.66 million in 2023 but not recorded in 2024, indicating that no additional balances were deemed uncollectible this year.

Provisions: There was no change in provisions in 2024 compared to a reduction of ₹5.74 million in 2023.

Interest on FD Received: Interest income from fixed deposits slightly decreased from ₹3.99 million in 2023 to ₹3.91 million in 2024.

Net Gain/Loss on Financial Assets: There was a loss of ₹23.6 million in 2024 compared to a smaller loss of ₹5.85 million in 2023, indicating more significant losses or lower gains from financial assets.

Operating Profit Before Working Capital Changes: This dropped from ₹1,514.43 million in 2023 to ₹976.01 million in 2024, indicating a reduced profitability from core operations before adjusting for working capital changes.

Adjustments for Working Capital Changes:

Non-Current/Current Financial and Other Assets: There was an increase in these assets by ₹406.44 million in 2024 compared to a decrease of ₹106.01 million in 2023, indicating more investments or less liquidity.

Inventories: Inventories increased by ₹291.17 million in 2024 compared to an increase of ₹223.98 million in 2023. This suggests more stock on hand.

Non-Current/Current Financial and Other Liabilities/Provisions: There was an increase of ₹514.19 million in 2024, contrasting with a decrease of ₹174.43 million in 2023. This indicates higher liabilities or fewer provisions.

Cash Generated from Operations: This decreased from ₹1,010.01 million in 2023 to ₹792.59 million in 2024, reflecting lower operational cash inflows.

Income Tax Paid: No income tax was paid in 2024, compared to ₹185.48 million in 2023, which might suggest tax benefits or deferrals.

Net Cash Flow from Operating Activities: The net cash flow decreased from ₹824.52 million in 2023 to ₹792.59 million in 2024, indicating a decline in cash generated from operations.

Cash Flow from Investing Activities

Payment for Purchase of Property, Plant, and Equipment: There was a significant increase in capital expenditure from ₹697.62 million in 2023 to ₹1,205.38 million in 2024. This suggests substantial investment in assets.

Interest on FD Received: This was slightly lower in 2024 at ₹3.91 million compared to ₹3.99 million in 2023.

Net Cash Used in Investing Activities: The cash outflow increased from ₹693.62 million in 2023 to ₹1,201.47 million in 2024 due to higher capital expenditures.

Cash Flow from Financing Activities

Proceeds/(Repayment) of Short-Term Borrowings: There was an inflow of ₹104.22 million in 2024 compared to an outflow of ₹123.35 million in 2023, indicating an increase in short-term borrowings.

Proceeds from Long-Term Borrowings: There was a minor inflow of ₹2.69 million in 2024 compared to a substantial outflow of ₹150.81 million in 2023, suggesting reduced long-term borrowings or repayments.

Interest Paid: Interest payments increased from ₹133.63 million in 2023 to ₹199.57 million in 2024, indicating higher financing costs.

Dividend Paid: Dividend payments decreased slightly from ₹14.6 million in 2023 to ₹9.73 million in 2024.

Net Cash Used in Financing Activities: There was a smaller outflow of ₹102.39 million in 2024 compared to ₹422.40 million in 2023, indicating a reduction in cash used for financing activities.

Net Increase in Cash and Cash Equivalents

Net Increase in Cash: The net decrease in cash and cash equivalents was ₹511.27 million in 2024, compared to a decrease of ₹291.5 million in 2023, indicating a larger reduction in cash reserves.

Cash and Cash Equivalents at Beginning of the Year: This decreased from ₹902.92 million in 2023 to ₹611.42 million in 2024.

Cash and Cash Equivalents at End of the Year: This further decreased to ₹100.16 million by the end of 2024, showing a significant reduction in available cash.

Financial Ratios of Rydak Syndicate Limited

Here is a summary of the financial and operational metrics for Rydak Syndicate Limited for the year 2024 & 2023:

Current Ratio

2024: 1.43

2023: 1.71

Insight: The current ratio has decreased from 1.71 in 2023 to 1.43 in 2024. This decline suggests a reduction in the company 's short-term liquidity. Although a ratio above 1 indicates that the company can cover its short-term liabilities with its short-term assets, the decrease suggests a tighter liquidity position.

Debt-Equity Ratio

2024: 0.12

2023: 0.11

Insight: The debt-equity ratio has slightly increased from 0.11 in 2023 to 0.12 in 2024. This ratio indicates the proportion of debt used to finance the company 's assets relative to equity. The slight increase suggests a marginally higher reliance on debt, but the overall level remains low, indicating a conservative approach to leverage.

Debt-Service Coverage Ratio

2024: 4.71

2023: 12.05

Insight: The debt-service coverage ratio has decreased significantly from 12.05 in 2023 to 4.71 in 2024. This ratio measures the company 's ability to meet its debt obligations from operating cash flows. The substantial decline indicates a reduced ability to cover debt payments, possibly due to lower operating income or higher debt service requirements.

Return on Equity (ROE)

2024: 7.13%

2023: 32.16%

Insight: ROE has dropped from 32.16% in 2023 to 7.13% in 2024. This sharp decline reflects a significant reduction in the profitability relative to shareholders ' equity. This could be due to a decrease in net income or an increase in equity. The reduced ROE indicates lower returns for shareholders and suggests challenges in generating profit.

Trade Receivables Turnover Ratio

2024: 4.34

2023: 3.63

Insight: The trade receivables turnover ratio has improved from 3.63 in 2023 to 4.34 in 2024. This indicates better efficiency in collecting receivables, as the company is able to turn over its receivables more frequently. This improvement can be a positive sign of better credit management and collection practices.

Inventory Turnover Ratio

2024: 0.55

2023: 0.56

Insight: The inventory turnover ratio has decreased slightly from 0.56 in 2023 to 0.55 in 2024. This ratio measures how efficiently inventory is sold and replaced over a period. The minor decrease suggests a slight decline in inventory turnover, which may indicate slower-moving inventory or higher stock levels.

Trade Payables Turnover Ratio

2024: 2.61

2023: 2.43

Insight: The trade payables turnover ratio has increased from 2.43 in 2023 to 2.61 in 2024. This indicates that the company is paying off its trade payables more quickly. While this could suggest better supplier relations or quicker payments, it could also impact liquidity if the company is paying suppliers faster.

Net Capital Turnover Ratio

2024: 11.04

2023: 8.01

Insight: The net capital turnover ratio has improved significantly from 8.01 in 2023 to 11.04 in 2024. This indicates that the company is generating more revenue per unit of capital employed, reflecting improved efficiency in utilizing its capital.

Net Profit Ratio

2024: 3.51%

2023: 8.29%

Insight: The net profit ratio has decreased from 8.29% in 2023 to 3.51% in 2024. This decline suggests a significant reduction in net profit margins. Factors contributing to this could include higher costs, lower revenues, or reduced operational efficiency.

Return on Capital Employed (ROCE)

2024: 9.18%

2023: 16.09%

Insight: ROCE has decreased from 16.09% in 2023 to 9.18% in 2024. This indicates a reduction in the company 's efficiency in generating profit from its capital employed. The drop suggests that the capital employed is not yielding as high returns as it did previously.

Return on Investment (ROI)

2024: 35%

2023: 11%

Insight: ROI has increased significantly from 11% in 2023 to 35% in 2024. This substantial improvement suggests that the company is achieving higher returns on its investments, reflecting positively on the effectiveness of its investment strategies.

Dividend History