Shree Sponge Steel and Castings Annual Report | Revenue

Shree Sponge Steel and Castings Limited (Shree Sponge Steel and Forgoing) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Shree Sponge Steel and Castings Limited

Shree Sponge Steel and Casting Limited Balance Sheet (In Rs Lakhs)

Particulars	2021	2020
ASSETS
Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets	2,63,11,412	8,40,134
(ii) Intangible Assets	-	48,954
(b) Non-Current Investments	1,32,673	1,32,673
c) Long-Term Loans and Advances	8,40,134	35,21,781
Total Non- Current Assets	2,72,84,219	5,68,71,514
Current Assets
(a) Inventories	92,39,362	1,50,15,040
(b)Trade Receivables	4,38,444	19,03,139
(c) Cash and Cash Equivalents	4,61,342	3,423
(d) Short-Term Loans and Advances	3,16,543	6,52,972
(e) Other Current Assets	6,89,242	12,85,953
Total Current Assets	1,11,44,933	1,88,60,527
Total Assets	3,84,29,152	7,57,32,041

EQUITY AND LIABILTIES
1. Equity
(a) Share Capital	4,23,80,000	4,23,80,000
(b) Reserves and Surplus	-3,06,32,827	-3,12,31,660
Total Equity	1,17,47,173	1,11,48,340
2. Non- Current Liabilities
(a) Long Term Borrowings	-	-
(b) Deferred Tax Liabilities (Net)	2,04,522	51,32,206
(c) Long-Term Provisions	34,62,913	30,50,810
Total non-current liabilities	36,67,435	81,83,016
Current Liabilities
(a) Short Term Borrowings	1,82,64,255	5,08,57,813
(b) Trade Payables	1,52,413	6,36,707
(c) Other Current Liabilities	4,04,464	9,91,361
(d) Short Term Provisions	41,93,412	39,14,804
Total Current Liabilities	2,30,14,544	5,64,00,685
Total Equity and Liabilities	3,84,29,152	7,57,32,041

Shree Sponge Steel and Casting Limited Profit & Loss Statement (In Rs Lakhs)

Particulars	2021	2020
Revenue From Operations	30097434.00
Other income	96,128	8.57
Total Income	3,01,93,562	3235.24
Expenses
Cost of Material Consumed	71,55,021	3,34,40,084
Trading Purchase	-	70,37,445
Changes in Inventories of Finished & Work-in-Progress	39,62,686	2,35,25,139
Employee Benefits Expenses	95,93,059	2,17,09,003
Finance Costs	28,96,083	72,23,187
Depreciation and Amortization Expenses	49,95,531	63,40,089
Other Expenses
i) Other Manufacturing Expenses	20,69,472	3,64,02,046
ii) General Administrative & Selling Expenses	38,50,561	61,02,425
Total expenses	3,45,22,413	14,17,79,418
PROFIT BEFORE EXCEPTIONAL AND EXTRAORDINARY ITEMS AND TAX	-43,28,851	-3,10,96,853
PROFIT BEFORE TAX	-43,28,851	-3,10,96,853
TAX EXPENSE
(i) Deferred tax	-49,27,684	-12,71,707
PROFIT(LOSS) FOR THE PERIOD FROM CONTINUING OPERATIONS	5,98,833	-2,98,25,146
PROFIT (LOSS) FOR THE PERIOD	5,98,833	-2,98,25,146
Earning per Equity share
Basic	0.14	-7.04
Diluted	0.14	-7.04

Shree Sponge Steel and Casting Limited Consolidated Cash Flow Statement (In Rs Lakhs)

Particulars	2021	2020
Cash flows from operating activities
Net Profit/(Loss) before tax & extraordinary items	-43,28,851	-3,10,96,853
Adjustments for:
Depreciation	49,95,531	63,40,089
(Profit)/Loss on disposal of assets	-15,51,094	11,27,727
Operating Prot/(Loss) before Working Capital Changes	-8,84,414	-2,36,29,037
Adjustments for :
(Increase)/Decrease in Inventories	73,00,908	3,07,66,656
(Increase)/Decrease in Trade & Other Receivables	57,63,507	3,85,92,019
Increase/(Decrease) in Trade & Other Payables	-3,80,480	-1,83,00,731
Cash flow before Extraordinary items	1,17,99,521	2,74,28,907
Cash from Operating activities	1,17,99,521	2,74,28,907
Taxes paid	-6,84,026	-12,15,853
Net Cash from Operating activities	1,11,15,495	2,62,13,054
Cash flows from investing activities
Purchase of Fixed Assets	-4,98,864	-9,57,166
Sale of Fixed Assets	2,24,34,846	19,39,865
Net Cash flow/use in Investing activities	2,19,35,982	9,82,699
Cash flow from financing activities
Unsecured Loans	-10,74,981	-2,45,03,395
Term Loans Repayment	-	-28,62,055
Bank Borrowings in Cash Credit	-3,15,18,577	-17,38,712
Net cash outflow from financing activities	-3,25,93,558	-2,91,04,162
Net Increase in Cash & Cash Equivalents	4,57,919	(19,08,409
Cash and cash equivalents at the beginning of the financial year	3,423	19,11,832
Cash and cash equivalents at the end of the financial year	4,61,342	3,423

Here is a summary of the Cash Flow Statement for the years 2021 and 2020:

Cash Flows from Operating Activities:

1. Net Profit/(Loss) before Tax & Extraordinary Items:

In 2021, there was a net loss of -43,28,851, compared to a loss of -3,10,96,853 in 2020.

2. Adjustments for Depreciation:

Depreciation adjustments were 49,95,531 in 2021 and 63,40,089 in 2020.

3. (Profit)/Loss on Disposal of Assets:

In 2021, there was a loss of -15,51,094, while in 2020, there was a profit of 11,27,727.

4. Operating Profit/(Loss) before Working Capital Changes:

The operating loss before working capital changes was -8,84,414 in 2021 and -2,36,29,037 in 2020.

5. Adjustments for Working Capital Changes:

Increase in Inventories: 73,00,908 (2021) vs. 3,07,66,656 (2020)

Increase in Trade & Other Receivables: 57,63,507 (2021) vs. 3,85,92,019 (2020)

Decrease in Trade & Other Payables: -3,80,480 (2021) vs. -1,83,00,731 (2020)

6. Cash Flow before Extraordinary Items:

The net cash flow before extraordinary items was 1,17,99,521 in 2021 and 2,74,28,907 in 2020.

7. Taxes Paid:

Taxes paid were -6,84,026 in 2021 and -12,15,853 in 2020.

8. Net Cash from Operating Activities:

The net cash from operating activities was 1,11,15,495 in 2021 and 2,62,13,054 in 2020.

Cash Flows from Investing Activities:

1. Purchase of Fixed Assets:

Investments in fixed assets were -4,98,864 in 2021 and -9,57,166 in 2020.

2. Sale of Fixed Assets:

There was a significant increase in the sale of fixed assets, generating cash flows of 2,24,34,846 in 2021 compared to 19,39,865 in 2020.

3. Net Cash Flow/Use in Investing Activities:

The net cash flow from investing activities was 2,19,35,982 in 2021 and 9,82,699 in 2020.

Cash Flows from Financing Activities:

1. Unsecured Loans:

Unsecured loans decreased by -10,74,981 in 2021 and -2,45,03,395 in 2020.

2. Term Loans Repayment:

No term loan repayment was recorded in 2021, compared to -28,62,055 in 2020.

3. Bank Borrowings in Cash Credit:

Bank borrowings in cash credit resulted in a cash outflow of -3,15,18,577 in 2021 and -17,38,712 in 2020.

4. Net Cash Outflow from Financing Activities:

The net cash outflow from financing activities was -3,25,93,558 in 2021 and -2,91,04,162 in 2020.

Net Increase in Cash & Cash Equivalents:

1. Net Increase:

There was a net increase in cash and cash equivalents of 4,57,919 in 2021 compared to a decrease of -19,08,409 in 2020.

2. Cash and Cash Equivalents at the Beginning and End of the Financial Year:

The cash and cash equivalents at the beginning of the financial year were 3,423 in 2021 and 19,11,832 in 2020. At the end of the financial year, it increased to 4,61,342 in 2021 and decreased to 3,423 in 2020.

Shree Sponge Steel and Castings Annual Report and Financials

Shree Sponge Steel and Castings Limited (Shree Sponge Steel and Forgoing) Return Comparision with Primex 40 Index

Shree Sponge Steel and Casting Limited Balance Sheet (In Rs Lakhs)

Shree Sponge Steel and Casting Limited Profit & Loss Statement (In Rs Lakhs)

Shree Sponge Steel and Casting Limited Consolidated Cash Flow Statement (In Rs Lakhs)

Financial Ratios (NA)

Dividend History (NA)

Shree Sponge Steel Annual Report

Shree Sponge Steel and Castings Limited

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