Salaya Bulk Terminals Annual Reports, Balance Sheet and Financials

Salaya Bulk Terminals Limited Balance Sheet (Rs in Lakhs)

 Salaya Bulk Terminals Limited Profit & Loss Statement (Rs in Lakhs)

 Salaya Bulk Terminals Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Operating Activities: The company reported a loss before tax of ₹12,450.25 lakhs in FY 2024, a substantial decrease from the profit before tax of ₹61,687.43 lakhs in FY 2023. Adjustments for non-cash items included depreciation and amortization expenses of ₹7,565.88 lakhs and finance costs of ₹9,641.82 lakhs. Notably, unrealized foreign exchange losses increased to ₹1,981.92 lakhs from a gain of ₹188.09 lakhs in the previous year. Interest income decreased, and there was a reversal of expected credit loss of ₹1,071.00 lakhs, which was not present in FY 2023. Furthermore, the company experienced a gain on the sale and fair valuation of mutual funds, though it was minimal at ₹114.28 lakhs.

The operating profit before working capital changes increased to ₹5,291.12 lakhs from ₹1,758.60 lakhs in the prior year. However, the working capital movements were less favorable: loans and advances and other assets increased by ₹3,723.28 lakhs, while trade payables and other liabilities decreased by ₹6,836.73 lakhs. As a result, cash generated from operating activities was positive at ₹2,177.67 lakhs compared to a negative cash flow of ₹7,137.11 lakhs in FY 2023. After accounting for income tax payments, net cash generated from operating activities was ₹4,161.28 lakhs, reversing the outflow of ₹6,771.17 lakhs from the previous year.

Investing Activities: The cash flows from investing activities were negative, reflecting a net outflow of ₹5,641.99 lakhs in FY 2024 compared to an inflow of ₹558.95 lakhs in FY 2023. This shift is primarily due to increased purchases of property, plant, and equipment totaling ₹2,753.99 lakhs, compared to a small inflow of ₹411.23 lakhs in the previous year. Other investing cash flows included a fixed deposit placement of ₹63.76 lakhs and refund of an unsecured loan from a related party amounting to ₹166.40 lakhs. Interest received decreased significantly to ₹58.96 lakhs from ₹305.46 lakhs, contributing to the overall negative cash flow from investing activities.

Financing Activities: Cash flow from financing activities showed a net outflow of ₹623.49 lakhs in FY 2024, down from an inflow of ₹8,378.59 lakhs in FY 2023. Major changes include the receipt of an inter-corporate deposit of ₹1,613.34 lakhs and the conversion of an inter-corporate deposit into compulsory convertible debentures (CCDs) worth ₹16,000.00 lakhs. The repayment of unsecured loans amounted to ₹15,586.54 lakhs, and there was a substantial increase in proceeds from external commercial borrowings to ₹1,16,857.22 lakhs from ₹1,08,531.31 lakhs. However, significant finance costs paid of ₹91,27,349.00 lakhs and repayments of secured and external commercial borrowings totaling ₹1,09,648.02 lakhs contributed to the negative net cash flow in this category.

 Financial Ratios of Salaya Bulk Terminals Limited

Here is a summary of the financial and operational metrics for Salaya Bulk Terminals Limited for the year 2024 & 2023:

Current Ratio

The current ratio measures a company’s ability to cover its short-term liabilities with its short-term assets. For the financial year ending March 31, 2024, the current ratio is extremely low at 0.11, compared to 0.98 in FY 2023. A current ratio below 1 generally signals potential liquidity issues.

Debt-Equity Ratio

The debt-equity ratio assesses the company 's financial leverage by comparing its total debt to shareholders ' equity. The ratio of 0.27 for FY 2024 is a marked improvement from 0.43 in FY 2023. This reduction implies that the company is relying less on debt financing relative to equity, which might indicate a stronger financial position and lower risk associated with high levels of debt.

Debt Service Coverage Ratio (DSCR)

The debt service coverage ratio measures a company 's ability to service its debt with its operating income. The DSCR for FY 2024 is 0.09, indicating that the company 's operating income is significantly insufficient to cover its debt obligations. This is a concerning sign, especially as no DSCR was reported for FY 2023, which suggests that debt serviceability has deteriorated substantially.

Return on Equity (ROE)

ROE gauges how effectively a company is using shareholders’ equity to generate profit. The negative ROE of -0.02 in FY 2024, compared to -0.01 in FY 2023, reflects a decrease in profitability relative to shareholders ' equity.

Trade Receivables Turnover Ratio

This ratio measures how efficiently the company collects its receivables. The significant decline from 20.69 in FY 2023 to 2.58 in FY 2024 suggests a dramatic slowdown in collecting receivables.

Trade Payables Turnover Ratio

The trade payables turnover ratio indicates how quickly the company pays off its suppliers. The ratio increased dramatically from 0.05 in FY 2023 to 6.03 in FY 2024, reflecting a substantial improvement in managing payables.

Net Capital Turnover Ratio

This ratio measures how efficiently the company uses its capital to generate revenue. The negative net capital turnover ratio of -0.06 in FY 2024, compared to -0.20 in FY 2023, implies that the company is struggling to generate revenue relative to its capital base. The negative values suggest operational inefficiencies or declining revenue.

Net Profit Ratio

The net profit ratio reflects the proportion of revenue that remains as profit after all expenses. The significant improvement from -1.2 in FY 2023 to 3.17 in FY 2024 indicates that the company has achieved a positive net profit margin, despite previous losses.

Return on Capital Employed (ROCE)

ROCE measures the efficiency of using capital employed to generate profits. The ratio improved from 0.01 in FY 2023 to 0.02 in FY 2024, indicating a marginal increase in the return generated from capital employed.

Return on Investment (ROI)

ROI evaluates the return on investments relative to their cost. The ROI of 0.02 in FY 2024, up from 0.01 in FY 2023, reflects a slight increase in returns on invested capital.