S3v Vascular Technologies Annual Reports, Balance Sheet and Financials

S3v Vascular Technologies Limited Standalone Balance Sheet (Rs. in Thousands)

Particulars	31-03-2024	31-03-2023
Non-current Assets
Tangible assets	2,56,393.53	2,01,459.69
Intangible assets	1,157.97	1,453.80
Tangible assets capital WIP	18,572.58	14,080.66
Intangible assets under development or WIP	47,390.22	14,021.67
Long term loans and advances	1,12,834.43	1,23,541.60
Current Assets
Inventories	1,31,732.72	69,282.76
Trade receivables	3,70,831.72	3,39,701.41
Cash and bank balances	7,69,658.46	15,699.47
Other current assets	67,566.22	16,931.33
Total Assets	17,76,137.85	7,96,172.39
Non-current liabilities
Long term Borrowings	1,11,839.94	2,11,079.64
Deferred tax liabilities	18,980.65	17,587.98
Other Long term liabilities	14,981.93	35,737.57
Long term provisions	4,008.80	3,390.77
Current liabilities
Short term borrowings	1,41,199.83	85,960.72
Trade payables	43,581.07	40,746.44
Other current liabilities	32,700.27	10,369.40
Short term provisions	1,372.50	706.06
Equity
Share Capital	1,91,785.90	1,32,192.64
Reserves and surplus	12,15,686.96	2,58,401.17
Total Equity and Liabilities	17,76,137.85	7,96,172.39

S3v Vascular Technologies Limited Standalone Profit & Loss Statement (Rs. in Thousands)

Particulars	31-03-2024	31-03-2023
Income
Revenue from sale of products	1,49,274.81	1,88,988.44
Other income	2,274.43	809.58
Total Income	1,51,549.24	1,89,798.02
Expenses
Cost of material consumed	46,968.82	85,283.87
Change in inventories	7,849.42	-5,711.90
Employee benefit expenses	27,939.98	25,718.78
Finance costs	35,646.34	13,133.02
Depreciation expense	20,715.32	17,274.47
Other expenses	42,999.01	47,574.21
Total Expenses	1,82,118.89	1,83,272.45
Profit before tax	-30,569.65	6,525.57
Deferred Tax	1,392.68	908.84
Profit after tax	-31,962.33	5,616.73
Earnings per share
Basic	-2.37	0.43
Diluted	2.33	0.43

S3v Vascular Technologies Limited Standalone Cash Flow Statement (Rs. in Thousands)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Profit before extraordinary items and tax	-30,569.65	6,525.57
Adjustments for:
Depreciation and amortization expenses	20,715.31	17,274.48
Inventories	-62,449.96	-12,798.41
Trade receivables	-81,765.19	-13,174.17
Trade payables	81,071.05	-14,076.13
Cash flow used in operations	-72,998.44	-16,248.66
Interest received	24,026.57	2,703.35
Income tax paid	-588.63	-212.81
Net Cash Flow from (used in) Operating Activities	-48,383.24	-13,332.50
Cash Flow from Investing activities
Purchase of tangible assets	1,15,717.30	37,033.50
Interest received	-588.64	-212.81
Other inflows/outflow of cash	13,210.67	-1,06,553.45
Net cash flow from (used in) Investing activities	-1,03,095.27	-1,43,799.97
Cash Flow from Financing Activities
Proceeds from issuing shares	10,48,841.38	36,374.45
Repayments of borrowings	99,239.71	-1,21,648.47
Interest paid	24,026.57	2,703.35
Other inflow/outflow of cash	-20,137.60	9,547.03
Net Cash flow from (used in) Financing activities	9,05,437.50	1,64,866.60
Net Increase/decrease in cash and cash equivalents	7,53,958.99	7,734.13
Cash and cash equivalents cash flow statement at the end of the period	7,69,658.46	15,699.47

Summary of the Cash flow statement for the year 2024 and 2023:

Cash Flow from Operating Activities

During the year ended 31-03-2024, the company reported a loss before tax of ₹30,569.65 thousand, compared to a profit of ₹6,525.57 thousand in the previous year. Although non-cash expenses such as depreciation and amortization (₹20,715.31 thousand) were added back, operating cash flows were heavily impacted by a significant increase in working capital requirements. Inventories and trade receivables rose sharply, resulting in substantial cash outflows, while trade payables increased and partially offset this impact. Consequently, cash flow used in operations stood at ₹72,998.44 thousand. After accounting for interest received and income tax paid, the net cash flow from operating activities amounted to a negative ₹48,383.24 thousand, indicating that core operations consumed cash during the year. In comparison, the previous year also showed negative operating cash flows, but at a much lower level of ₹13,332.50 thousand.

Cash Flow from Investing Activities

The investing activities during FY 2023-24 resulted in a net cash outflow of ₹103,095.27 thousand. The major component was the purchase of tangible assets, reflecting continued investment in fixed assets. Additional cash movements arose from other investing inflows and outflows. Overall, this suggests that the company focused on capital expenditure and long-term investments. In the previous year, investing activities also resulted in a significant outflow of ₹143,799.97 thousand, indicating that the company has consistently been deploying cash into investment activities.

Cash Flow from Financing Activities

Financing activities were the primary source of cash inflow during FY 2023-24. The company raised substantial funds through the issuance of shares amounting to ₹1,048,841.38 thousand, which significantly strengthened liquidity. Additionally, there were cash inflows related to borrowings, though partly offset by repayments, interest payments, and other financing outflows. As a result, net cash flow from financing activities stood at ₹905,437.50 thousand, a sharp increase compared to ₹164,866.60 thousand in the previous year. This indicates strong reliance on external financing to support operations and investments.

Net Change in Cash and Cash Equivalents

Due to the large inflow from financing activities outweighing the cash outflows from operating and investing activities, the company recorded a net increase in cash and cash equivalents of ₹753,958.99 thousand during FY 2023-24. Consequently, cash and cash equivalents at the end of the period rose significantly to ₹769,658.46 thousand, compared to ₹15,699.47 thousand at the end of FY 2022-23.