Shradha Industries Limited Annual Report and Financials

Shradha Industries Limited Balance Sheet (Rs In Lakhs)

Particulars	2023	2022
ASSETS
(1) Non Current Assets
(a) Property, Plant and Equipment and Intangible Assets	3.16	3.18
(b) Financial Assets
(i) Investments	1252.65	897.05
(ii) Other financial Assets	0.22	0.22
(c) Other non- current assets	7.5	7.5
Total Non Current Assets	1263.52	907.95
(2) Current assets
(a) Inventories	2.73
(b) Financial Assets
(i) Trade receivables	49.2
(ii) Cash and cash equivalents	1276.18	2.43
(iii) Bank balances other than (ii) above	10.65
(iv) Loans	1125.09	1449.8
(v) Other Current Assets	578.21
(c) Current tax assets	0.38	0.93
(d) Other current assets	1.95	15.05
Total Current Assets	3044.4	1467.67
Total Assets	4307.92	2375.62
EQUITY AND LIABILITIES
EQUITY
(a) Equity Share capital	1219.05	124.39
(b) Other Equity	2923	2032.38
Total Equity	4142.04	2156.77
LIABILITIES
(1) Non Current liabilities
(a) Provision	0.24	0.07
(b) Deferred tax liabilities (Net)	140.14	90.03
Total Non Current Liabilities	140.39	90.09
(2) Current liabilities
(a) Financial Liabilities
(i) Trade payables
(A) Total outstanding dues of creditors other than micro enterprise and small enterprises		0.61
(ii) Other financial liabilities	11.2	1.04
(b) Other current liabilities	3.01	1.88
(c) Provisions
(d) Current tax liabilities	11.28	125.24
Total Current Liabilities	25.49	128.76
Total Liabilities	165.88	218.85
Total Equity and Liabilities	4307.92	2375.62

 Shradha Industries Limited Profit & Loss Statement (Rs In Lakhs)

Particulars
I Revenue from Operations	520.44	940.04
II Other Income	120.3	132.79
III Total Income	640.74	1072.8
IV Expenses:
Cost of good sold		427.83
Purchase of stock in trade	496.78	34.37
Changes in inventories of stock in trade	-2.73
Employee Benefits Expense	24.13	21.2
Depreciation and Amortization Expense	0.03	0.19
Other Expenses	15.98	6.98
Total Expenses	534.2	490.56
V Profit (loss)  before tax	106.54	582.27
VI Tax expense
(1) Current Tax	23.34	157.9
(2) Earlier year tax	11.88	0.01
(3) Deferred Tax	0.31	-0.69
Total tax Expenses	35.53	157.22
VII Profit/Loss for the year	71.01	425.05
VIII Other Comprehensive income
A. (i) Items that will not be reclassified to profit or loss
(a) Revaluation of Listed Equity Instruments	355.63	156.57
(ii) Income tax relating to items that will not be reclassified to profit or loss	49.8	-58.68
Total Other Comprehensive income for the year	305.82	215.25
Total Comprehensive income for the year	376.84	640.3
IX Earnings per equity share
Basic	3.73	34.17
Diluted	3.73	34.17

 Shradha Industries Limited Consolidated Cash Flow Statement (Rs In Lakhs)

Particulars	2023	2022
Cash Flow From Operating Activities
Net Profit before tax	106.54	582.27
Adjustments for non Cash/Non trade items:
Depreciation	0.03	0.19
Profit on sale of Fixed Assets		-73.13
Profit on sale of Investments	-5.44
Interest Income	-81
Dividend Income	-33.85
Derecognition of Asset		0.27
Operating profits before working capital changes	-13.73	509.6
Adjusted for working capital changes
Changes in trade receivables	-49.2
Changes in inventories	-2.73	203.79
Changes in trade payables	-0.61	0.58
Changes in other current liabilities	1.13	-0.49
Changes in other current Financial liabilities	7.78	-0.45
Changes in other current assets	13.1	-12.08
Changes in Non Current Provision	0.18	0.07
Changes in Current Provision
Changes in Non Current assets		0.34
Total working capital changes	-30.25	-191.75
Direct Taxes Paid (Net)	-137.29	-5.97
Taxes of earlier years	-11.88
Net Cash from Operating Activities	-193.25	695.38
Cash Flow From Investing Activities
Net Proceeds from Loans	324.71	-782.39
Changes in Investments	-0.01
Changes in Other Financial Assets	-578.21	0.12
Interest Income	81
Dividend Income	33.85
Proceeds from Sale of Investments	5.48
Sale of Property, Plant and Equipment		81
Net Cash used in Investing Activities	-133.17	-701.27
Cash Flow From Financing Activities
Dividend Paid	-10.05
Changes in Other Bank Balances	-10.65
Sale of Property, Plant and Equipment	1620.88
Net Cash used in Financing Activities	1600.2
Net Increase/(Decrease) in Cash & Cash Equivalents	1273.8	-5.89
Opening Balances Cash & Cash Equivalents	2.43	8.32
Closing Balances Cash & Cash Equivalents	1276.18	2.43

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flow From Operating Activities:

1. Net Profit Before Tax:

In 2023, the net profit before tax is Rs 106.54, reflecting the company 's earnings before accounting for taxes.

In 2022, this figure was significantly higher at Rs 582.27.

2. Adjustments for Non-Cash/Non-Trade Items:

Depreciation:

The depreciation for 2023 is minimal at Rs 0.03, indicating a small amount allocated for the wear and tear of assets.

In 2022, the depreciation was slightly higher at Rs 0.19.

Profit on Sale of Fixed Assets:

A notable adjustment in 2023 is the profit of Rs -73.13 from the sale of fixed assets, implying a gain from selling long-term assets.

No such profit on the sale of fixed assets was recorded in 2022.

Profit on Sale of Investments:

In 2023, there was a profit of Rs -5.44 from the sale of investments.

No information is provided for this category in 2022.

Interest and Dividend Income:

Negative figures indicate an outflow in 2023, with interest income at -Rs 81 and dividend income at -Rs 33.85.

In 2022, interest income was -Rs 81, and dividend income is not specified.

Derecognition of Asset:

A minor adjustment of Rs 0.27 is recorded for the derecognition of an asset in 2023.

No information is provided for this category in 2022.

3. Operating Profits Before Working Capital Changes:

The adjusted operating profits before working capital changes in 2023 are -Rs 13.73, a significant decrease from the 2022 figure of Rs 509.6.

4. Adjusted for Working Capital Changes:

Changes in Trade Receivables:

A decrease of Rs -49.2 in 2023, indicating a reduction in trade receivables.

No information is provided for this category in 2022.

Changes in Inventories:

A decrease of Rs -2.73 in 2023, suggesting a reduction in inventory levels.

In 2022, there was an increase of Rs 203.79.

Changes in Trade Payables:

A minor decrease of Rs -0.61 in 2023, indicating a reduction in trade payables.

A slight increase of Rs 0.58 was recorded in 2022.

Changes in Other Current Liabilities:

An increase of Rs 1.13 in 2023, possibly due to additional liabilities.

A decrease of Rs -0.49 in 2022.

Changes in Other Current Financial Liabilities:

A substantial increase of Rs 7.78 in 2023.

A decrease of Rs -0.45 in 2022.

Changes in Other Current Assets:

An increase of Rs 13.1 in 2023, suggesting higher current assets.

A decrease of Rs -12.08 in 2022.

Changes in Non-Current Provision:

A minor increase of Rs 0.18 in 2023.

An increase of Rs 0.07 in 2022.

Changes in Non-Current Assets:

Not specified for 2023.

An increase of Rs 0.34 in 2022.

5. Total Working Capital Changes:

In 2023, there was a net decrease of Rs -30.25, indicating an overall reduction in working capital.

In 2022, there was a more substantial decrease of Rs -191.75.

6. Direct Taxes Paid (Net):

A significant outflow of Rs -137.29 in 2023, representing net direct taxes paid.

In 2022, a smaller outflow of Rs -5.97 was recorded.

7. Taxes of Earlier Years:

An outflow of Rs -11.88 in 2023, related to taxes from previous years.

8. Net Cash From Operating Activities:

The net cash from operating activities in 2023 is -Rs 193.25, indicating a net cash outflow.

In 2022, there was a positive net cash inflow of Rs 695.38.

Cash Flow From Investing Activities:

1. Net Proceeds from Loans:

A significant inflow of Rs 324.71 in 2023, possibly from loan proceeds.

In 2022, there was a substantial outflow of Rs -782.39.

2. Changes in Investments:

A negligible change of -Rs 0.01 in 2023.

No information is provided for this category in 2022.

3. Changes in Other Financial Assets:

A substantial outflow of Rs -578.21 in 2023.

A minimal inflow of Rs 0.12 in 2022.

4. Interest and Dividend Income:

Interest income of Rs 81 and dividend income of Rs 33.85 contributed to the cash flow in 2023.

No information is provided for this category in 2022.

5. Proceeds From Sale of Investments:

An inflow of Rs 5.48 in 2023, possibly from the sale of investments.

No information is provided for this category in 2022.

6. Sale of Property, Plant, and Equipment:

A substantial inflow of Rs 81 in 2023.

In 2022, there was a larger inflow of Rs 1620.88.

7. Net Cash Used in Investing Activities:

In 2023, there was a net cash outflow of Rs -133.17.

In 2022, the outflow was higher at Rs -701.27.

Cash Flow From Financing Activities:

1. Dividend Paid:

A dividend payment of Rs -10.05 in 2023.

No information is provided for this category in 2022.

2. Changes in Other Bank Balances:

A decrease of Rs -10.65 in 2023, possibly representing changes in other bank balances.

No information is provided for this category in 2022.

3. Sale of Property, Plant, and Equipment:

A substantial inflow of Rs 1620.88 in 2023.

No information is provided for this category in 2022.

4. Net Cash Used in Financing Activities:

A significant net cash inflow of Rs 1600.17 in 2023, possibly indicating positive financing activities.

No information

 is provided for this category in 2022.

Net Increase/(Decrease) in Cash & Cash Equivalents:

In 2023, there is a notable increase of Rs 1273.75 in cash and cash equivalents.

In 2022, there was a decrease of Rs -5.89.

Opening and Closing Balances of Cash & Cash Equivalents:

The opening balance of cash and cash equivalents in 2023 was Rs 2.43, and the closing balance was Rs 1276.18.

In 2022, the opening balance was Rs 8.32, and the closing balance was Rs 2.43.

This detailed analysis provides a comprehensive overview of the company 's cash flow activities, highlighting changes in operating, investing, and financing activities, ultimately impacting the overall cash position.

Bellow are the Financial Ratios

Particulars	2023	2022
Current Ratio	119.44	11.4
Return on Equity Ratio	2.25%	23.14%
Inventory Turnover Ratio	381.82	9.23
Trade Receivables Turnover Ratio	21.16	0
Trade payables turnover ratio	1,629.83	130.31
Net capital Turnover Ratio	0.17	0.7
Net Profit Ratio	13.64%	45.22%
Return on Capital employed	2.49%	25.92%
Return on investment	0.91%	0.00%

Here is a summary of the financial and operational metrics for Shradha Industries Limited for the years 2023 and 2022:

Financial Ratios:

1. Current Ratio:

In 2023, the current ratio is exceptionally high at 119.44, indicating a strong ability to cover short-term liabilities with current assets.

In 2022, the current ratio was 11.4, still reflecting a healthy liquidity position.

2. Return on Equity (ROE) Ratio:

The ROE in 2023 is 2.25%, suggesting a lower return on equity compared to 2022 's higher ratio of 23.14%.

3. Inventory Turnover Ratio:

The inventory turnover ratio is significantly higher in 2023 at 381.82, indicating efficient management of inventory turnover.

In 2022, the ratio was 9.23.

4. Trade Receivables Turnover Ratio:

The trade receivables turnover ratio in 2023 is 21.16, showcasing the number of times receivables are collected during the year.

In 2022, the ratio is given as 0, which may indicate a change in reporting or operational practices.

5. Trade Payables Turnover Ratio:

The trade payables turnover ratio is very high in 2023 at 1,629.83, suggesting a rapid turnover of trade payables.

In 2022, the ratio was 130.31.

6. Net Capital Turnover Ratio:

The net capital turnover ratio in 2023 is 0.17, indicating a lower efficiency in utilizing capital for generating sales.

In 2022, the ratio was 0.7.

Profitability Ratios:

7. Net Profit Ratio:

The net profit ratio in 2023 is 13.64%, reflecting the percentage of profit earned on sales.

In 2022, the ratio was higher at 45.22%.

8. Return on Capital Employed (ROCE):

The ROCE in 2023 is 2.49%, representing the return generated on the capital employed in the business.

In 2022, the ratio was 25.92%.

9. Return on Investment (ROI):

The return on investment is 0.91% in 2023, indicating a lower return compared to 2022 's 0.00%.