| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Shaya Polymers Limited |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Equity |
|
|
|
Share Capital |
557.53 |
510.00 |
|
Reserve and Surplus |
1,028.87 |
132.95 |
|
Minority Interest |
0.03 |
0.02 |
|
Non-Current Liabilities |
|
|
|
Long term borrowings |
2,679.82 |
1,477.22 |
|
Long term Provisions |
8.83 |
4.80 |
|
Current Liabilities |
|
|
|
Short term Borrowings |
913.42 |
736.04 |
|
Trade payables |
347.28 |
389.98 |
|
Other current liabilities |
42.14 |
70.08 |
|
Short term provisions |
116.82 |
27.42 |
|
Total Equity and Liabilities |
5,694.74 |
3,348.51 |
|
Non-Current Assets |
|
|
|
Tangible assets |
1,846.51 |
922.86 |
|
Intangible Assets |
0.24 |
0.65 |
|
Tangible assets capital WIP |
806.37 |
- |
|
Intangible assets under development or WIP |
44.39 |
- |
|
Deferred tax assets |
6.91 |
5.62 |
|
Other non-current assets |
134.49 |
- |
|
Current Assets |
|
|
|
Inventories |
1,815.93 |
1,260.19 |
|
Trade Recevables |
796.56 |
584.50 |
|
Cash & Bank balances |
99.19 |
36.01 |
|
Short term loans and advances |
144.15 |
538.68 |
|
Total Assets |
5,694.74 |
3,348.51 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Revenue |
|
|
|
Revenue from Operations |
2,494.84 |
2,461.17 |
|
Other income |
2.62 |
0.65 |
|
Total Income |
2,497.46 |
2,461.82 |
|
Expenses |
|
|
|
Cost of material consumed |
1,872.01 |
2,179.88 |
|
Changes in inventories of finished goods, WIP & stock in trade |
-574.36 |
-657.93 |
|
Employee benefit expense |
206.36 |
243.24 |
|
Finance cost |
165.24 |
186.37 |
|
Depreciation expenses |
71.41 |
68.47 |
|
Amortisation expenses |
0.41 |
0.40 |
|
Expenditure on production, transportation & other expenditures |
129.62 |
149.10 |
|
Other Expenses |
142.35 |
190.07 |
|
Total Expenses |
2,013.04 |
2,359.60 |
|
Profit Before tax |
484.42 |
102.22 |
|
Current tax |
112.63 |
23.39 |
|
Deferred tax |
-1.28 |
-0.71 |
|
Total Profit/Loss After tax |
373.06 |
79.54 |
|
Earnings per share |
|
|
|
Basic |
7.29 |
1.70 |
|
Diluted |
2.43 |
0.57 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Cash Flow from Operating Activities |
|
|
|
Profit before extraordinary items and tax |
484.42 |
102.22 |
|
Adjustments: |
|
|
|
Finance costs |
165.24 |
185.85 |
|
Depreciatin & Amortisation expense |
71.82 |
68.88 |
|
Unrealised foreign exchange losses gain |
- |
1.18 |
|
Other adjustments for which cash effects are investing or financing
cash flow |
-2.63 |
-0.65 |
|
Other adjustments to reconcile profit (loss) |
0.01 |
- |
|
Other adjustments for non-cash items |
4.19 |
4.03 |
|
Adjustments for Working Capital |
|
|
|
Inventories |
-555.75 |
-345.46 |
|
Trade receivables |
-212.06 |
10.63 |
|
Other current assets |
260.04 |
-555.65 |
|
Trade payables |
-42.70 |
-94.88 |
|
Other current liabilities |
-27.94 |
3.34 |
|
Provisions |
- |
0.70 |
|
Net cash flow from (used in) Operations |
144.65 |
-619.81 |
|
Income taxes paid |
23.39 |
22.31 |
|
Net cash flow from Operating Activities |
121.25 |
-642.12 |
|
Cash Flow from Investing Activities |
|
|
|
Purchase of tangible assets |
-1,801.43 |
-716.74 |
|
Purchase of Intangible assets |
-44.39 |
-1.00 |
|
Interest received |
2.62 |
0.65 |
|
Net cash flow from Investing Activities |
-1,843.20 |
-717.09 |
|
Cash Flow from Financing Activities |
|
|
|
Proceeds from issuing shares |
570.40 |
200.00 |
|
Proceeds from borrowings |
1,379.98 |
1,363.73 |
|
Interest Paid |
-165.24 |
-185.85 |
|
Net cash flow from Financing Activities |
1,785.14 |
1,377.88 |
|
Net Increase/Derease in cash & cash equivalents before effect of
exchange rate changes |
63.19 |
18.67 |
|
Effect of exchange rate changes on cash & cash equivalents |
- |
-1.18 |
|
Net increase/decrease in cash & cash equivalents |
63.19 |
17.49 |
|
Cash and cash equivalents at the end of the period |
99.19 |
36.01 |
Summary
of the Cash Flow Statement for the year 2024 and 2023:
Cash Flow from Operating Activities
In FY
2023–24, the company reported a significantly higher profit before tax of
₹484.42 lakhs compared to ₹102.22 lakhs in the previous year. Various non-cash
and non-operating adjustments such as finance
costs, depreciation,
and minor adjustments for non-cash items increased the operating profit.
However, working capital movements had a major impact.
The company experienced substantial increases in inventories (₹555.75
lakhs) and trade
receivables (₹212.06 lakhs), indicating higher stock levels and
slower customer collections. These increases reduced operating cash flow.
Conversely, a rise in other current assets generated some cash inflow. Overall,
working capital changes resulted in a net cash inflow of ₹144.65 lakhs from
operations (compared to a large outflow of ₹619.81 lakhs in FY 2022–23).
After paying income taxes of ₹23.39 lakhs, the net cash generated from operating
activities stood at ₹121.25
lakhs, a major improvement over the cash outflow of ₹642.12 lakhs
in the previous year. This indicates that operating efficiency and profit
generation improved significantly.
Cash Flow from Investing Activities
The company made substantial investments in tangible assets
during FY 2023–24, amounting to a large outflow of ₹1,801.43 lakhs, more than
double the previous year’s ₹716.74 lakhs. This shows that the company is
expanding or upgrading its production capacity or infrastructure. Additional
investments in intangible assets were also made. Although some interest income
was received, it was minimal compared to the scale of investments.
Thus, net
cash used in investing activities was ₹1,843.20 lakhs,
sharply higher than the previous year 's outflow of ₹717.09 lakhs. This
indicates aggressive capital expenditure in 2023–24.
Cash Flow from Financing Activities
To support this heavy investment and operational needs,
the company relied significantly on financing. It raised ₹570.40 lakhs through equity issuance
and ₹1,379.98 lakhs
through borrowings during FY 2023–24. After paying interest of
₹165.24 lakhs, the company generated a net financing inflow of ₹1,785.14 lakhs.
This inflow is higher than last year’s ₹1,377.88 lakhs
and demonstrates the company’s dependence on external financing to fund its
growth plans and asset purchases.
Net Cash Flow and Closing Cash Position
After combining the operating, investing, and financing
cash flows, the company reported a net
increase in cash and cash equivalents of ₹63.19 lakhs for FY
2023–24, compared to ₹17.49 lakhs in FY 2022–23. There were no exchange rate
impacts during the year.
