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Shree Sponge Steel and Castings Annual Report and Financials

Last Traded Price 2.00 + 0.00 %

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 -15.70 (-0.43%) -58.84 (-1.59%) 200.37 (5.83%) 590.52 (19.40%) 1204.06 (49.53%) 1425.26 (18.05%) 1815.74 (99.81%)
Shree Sponge Steel and Castings Limited 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%) 0.00 (0.00%)

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.

Financial Ratios (NA)

Dividend History (NA)

Shree Sponge Steel Annual Report

Shree Sponge Steel and Castings Limited

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