SEIL Energy India Limited (SEIL Energy) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
SEIL Energy India Limited

SEIL Energy India Limited Consolidated Balance Sheet (Rs. in Millions)

Particulars	31-03-2024	31-03-2023
Non-current assets
Property, plant and equipment	1,36,988.93	1,43,292.52
Capital Work-in-progress	293.24	306.39
Goodwill	1,234.20	1,234.20
Other Intangible Assets	9.26	12.65
Trade Receivables	1,111.54	3,208.67
Other financial assets	821.78	1,088.30
Non-current tax assets (net)	1,030.07	1,075.19
Other non-current assets	417.22	491.63
Current assets
Inventories	8,347.43	10,014.36
Investments	385.99	157.44
Trade Receivables	33,087.18	37,284.90
Cash and cash equivalents	1,740.78	1,030.69
Other financial assets	941.75	1,096.95
Other current assets	8,187.83	6,748.70
Total Assets	1,94,597.20	2,07,042.59
Equity
Equity Share capital	46,122.45	54,336.69
Other Equity	59,268.35	62,724.13
Non-Current liabilities
Borrowings	44,206.66	34,747.76
Lease liabilities	75.97	36.99
Provisions	63.01	-
Deferred tax liabilities (net)	10,920.90	3,167.69
Current liabilities
Borrowings	23,325.80	32,519.91
Lease liabilities	14.79	19.48
Trade Payables:
Dues to micro and small enterprises	102.18	82.74
Total outstanding dues of creditors other than Micro and Small Enterprises	4,335.06	5,068.79
Other financial liabilities	1,148.67	8,170.38
Other Current liabilities	2,848.27	5,951.67
Provisions	2,015.61	66.88
Current tax liabilities (net)	149.48	149.48
Total Equity and Liabilities	1,94,597.20	2,07,042.59

SEIL Energy India Limited Consolidated Profit and Loss Account (Rs. in Millions)

Particulars	31-03-2024	31-03-2023
Income
Revenue from Operation	98,323.20	93,886.00
Other Income	12,384.14	4,226.64
Total Income	1,10,707.34	98,112.64
Expenses
Cost of fuel	59,148.33	65,178.26
Transmission charges	1,092.13	3,806.83
Employee Benefit Expense	1,981.96	1,881.73
Finance Cost	7,092.09	7,955.56
Depreciation and Amortisation Expense	5,939.02	5,940.75
Impairment Loss/ (Reversal) on Financial Assets (net)	10.30	(796.81)
Derecognition of financial assets measured at amortised cost	-	1,885.67
Other Expenses	4,877.34	3,789.79
Total Expense	80,141.17	89,641.78
Profit/Loss before tax	30,566.17	8,470.86
Deferred tax expenses	7,756.01	2,256.60
Profit after tax	22,810.16	6,214.26
Other comprehensive income
Items that will not be reclassified to profit or loss:
Remeasurement of post-employment benefit obligation	(10.23)	8.05
Income tax relating to above items	2.80	16.61
Items that will be reclassified subsequently to profit or loss:
Effective portion of changes in fair value of cash flow hedge	-	(115.83)
Cost of hedging reserve – changes in fair value	-	31.46
Income tax effect on above item	-	(60.34)
Total comprehensive income for the year	22,802.73	6,094.21
Attributable to:
Shareholders of the Company	22,802.73	6,094.21
Profit for the year attributable to:
Shareholders of the Company	22,810.16	6,214.26
Other comprehensive income attributable to:
Shareholders of the Company	(7.43)	(120.05)
Earnings per Equity Share
Basic and Diluted	4.38	1.14

SEIL Energy India Limited Consolidated Cash Flow Statement (Rs. in Millions)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Net Profit before Tax	30,566.17	8,470.86
Adjustments For:
Depreciation and Amortization	5,939.02	5,940.75
Property, plant and equipment written off ROU	(13.32)	-
Property, plant and equipment written of	0.92	3.25
Net unrealised loss on foreign exchange fluctuation	28.45	356.39
Impairment Loss/ (Reversal) on Financial Assets (net)	10.30	(796.81)
Loss on derecognition of financial assets measured at amortised cost	-	1,885.67
Unwinding of discount on trade & late payment surcharge receivables	(712.05)	(1,008.26)
Finance Costs	7,092.09	7,955.56
Net gain on financial assets measured at FVTPL	(79.47)	(77.39)
Interest income from others	(37.40)	-
Liabilities no longer required, written back	(8,411.72)	-
Claims Settled	285.62	-
Other trade receivable deductions	(1,069.27)	-
Doubtful receivables and advances written of	1.37	-
Interest income on bank deposits	(342.67)	(300.64)
Operating Profit/(Loss) before Working Capital Charges	33,258.04	22,429.38
Working Capital adjustments:
(Increase)/ Decrease in Inventories	1,666.93	(2,691.87)
(Increase)/ Decrease in Trade Receivables and late payment sur charge receivables	8,286.22	(3,140.83)
Decrease/(increase) in financial and non-financial assets	375.00	(564.82)
(Increase)/ Decrease in Trade Payables other financial liabilities and current liabilities	(867.00)	(26.54)
Decrease in Provisions	(3.40)	(43.14)
Cash generated from Operating Activities	42,715.79	15,962.18
Income-tax paid (net of refund)	45.12	(97.53)
Net Cash Flow (Used in)/ Generated from Operating Activates	42,760.91	15,864.65
Cash Flow from Investing Activities
Payment for purchase of property, plant and equipment and capital work-in-progress	(1,217.67)	(456.37)
(Investment)/redemption of mutual funds (net)	(149.08)	2,391.25
Maturity of bank deposits (net)	263.58	3,799.25
Interest income from Others	37.40	-
Interest income received	325.02	366.85
Net Cash Flow (Used in)/ Generated from Investing Activities	(740.75)	6,100.98
Cash Flow from Financing Activities
Proceeds from long-term borrowings	14,750.00	30,000.00
Repayment of long-term borrowings	(3,789.50)	(67,023.04)
(Repayment)/Proceeds of short-term borrowings (net)	(10,656.29)	19,286.16
Payment of lease liabilities	(20.93)	(10.54)
Finance costs paid	(7,120.60)	(7,946.53)
Shares Buy back	(20,000.30)	-
Dividend paid	(14,472.45)	-
Net Cash Flow (Used in)/ Generated from Financing Activities	(41,310.07)	(25,693.95)
Net Changes in Cash and cash equivalents during the year	710.09	726.39
Cash and cash equivalents at beginning of the year	1,030.69	304.30
Cash and cash equivalents at the end of the year	1,740.78	1,030.69

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

Cash Flow from Operating Activities

In the year ending 31st March 2024, the company generated a strong positive cash flow of ₹42,760.91 million from operating activities, a significant increase from ₹15,864.65 million in the previous year. This rise was mainly driven by a sharp jump in net profit before tax (₹30,566.17 million) and better working capital adjustments especially a reduction in trade receivables and inventories. This indicates efficient operations and improved cash generation capacity.

Cash Flow from Investing Activities

The company had a net outflow of ₹740.75 million in 2024 from investing activities, compared to a large inflow of ₹6,100.98 million in the previous year. The current year 's outflows were primarily due to capital expenditures (₹1,217.67 million) and investments in mutual funds, while inflows came from maturity of deposits and interest income.

Cash Flow from Financing Activities

In 2024, the company experienced a large outflow of ₹41,310.07 million from financing activities, significantly higher than the ₹25,693.95 million outflow in 2023. This was mainly due to buyback of shares (₹20,000.30 million) and dividend payments (₹14,472.45 million), along with repayment of short- and long-term borrowings and finance costs.

Net Changes in Cash and cash equivalents

Despite high investing and financing outflows, the company managed a net increase of ₹710.09 million in cash during 2024, slightly lower than the ₹726.39 million increase in the previous year. The closing cash balance rose to ₹1,740.78 million from ₹1,030.69 million, showing a healthy liquidity position at year-end.

SEIL Energy India Limited Standalone Financial Ratios

Particulars	2024	2023
Current Ratio (times)	1.55	1.08
Debt-Equity Ratio (times)	0.64	0.57
Debt Service Coverage Ratio (times)	4.38	2.16
Return on Equity (%)	20.50%	5.45%
Inventory Turnover Ratio (in days)	56	48
Trade Receivables Turnover Ratio (in days)	139	150
Trade Payables Turnover Ratio (in days)	29	26
Net Capital Turnover Ratio (times)	5.24	21.82
Net Profit Ratio (%)	23.20%	6.62%
Return on Capital Employed (%)	20.48%	8.76%
Return on Investment (%)	19.35%	7.93%

Here is a summary of the Financial Ratios for the years 2024 and 2023:

Current Ratio

The current ratio improved from 1.08 in 2023 to 1.55 in 2024. This means the company’s short-term financial position is better now, as it has more current assets available to pay off its current liabilities.

Debt-Equity Ratio

This ratio increased slightly from 0.57 to 0.64, indicating the company is using a bit more debt compared to its own equity. However, it is still within a safe range, showing a balanced capital structure.

Debt Service Coverage Ratio

The ratio increased from 2.16 in 2023 to 4.38 in 2024. This is a very good sign, as it shows the company has improved its ability to repay its loans and interest from its operating income.

Return on Equity (ROE)

ROE jumped from 5.45% to 20.50%, showing that the company is generating much higher returns for its shareholders in 2024 compared to the previous year.

Inventory Turnover Ratio (in days)

The inventory turnover period increased from 48 to 56 days, meaning the company is taking a bit more time to sell its stock, which may slightly affect efficiency.

Trade Receivables Turnover Ratio (in days)

This improved from 150 days in 2023 to 139 days in 2024. The company is collecting payments from customers a little faster, which is good for cash flow.

Trade Payables Turnover Ratio (in days)

The company is paying its suppliers faster, with the payable days dropping from 29 in 2023 to 26 in 2024. This may improve supplier relationships but could affect short-term cash availability.

Net Capital Turnover Ratio

This ratio fell sharply from 21.82 to 5.24, indicating that the company is generating less revenue per rupee of capital used, showing reduced efficiency in capital utilization.

Net Profit Ratio

The net profit ratio rose from 6.62% to 23.20%, which is a strong improvement. It means the company is now earning much higher profit from its sales than before.

Return on Capital Employed (ROCE)

ROCE improved from 8.76% to 20.48%, showing better use of overall capital to generate profit in 2024.

Return on Investment (ROI)

ROI also increased from 7.93% to 19.35%, which means the company is earning more from its investments, showing good financial performance.