Shreyans Financial & Capital Services Latest Annual Report, Balance Sheet and Financials

Shreyans financial and capital services limited Balance Sheet (INR in rupees)

Shreyans financial and capital services limited Profit & Loss Statement (INR in rupees)

Shreyans financial and capital services limited Consolidated Cash Flow Statement (INR in rupees)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Cash Flows from Operating Activities:

Profit for the year: There was a modest profit of 7,369.50 for the year ended March 31, 2023, compared to a higher profit of 4,28,733.50 for the previous year.

Interest and finance charges: Increased slightly from 955 in 2022 to 1,184 in 2023.

Dividend Income: Decreased significantly from -10,38,098.50 in 2022 to -6,91,446.50 in 2023, indicating lower dividend income received.

Re-measurement of actuarial gain/loss: Showed a large negative impact of -4,36,177.34 in 2023 compared to -1,23,38,627.45 in 2022, indicating substantial losses related to actuarial items.

Operating profit before working capital changes: Improved from -1,29,47,037.45 in 2022 to -11,19,070.34 in 2023, suggesting better operational performance before considering changes in working capital.

Working capital changes:

(Increase) / decrease in other current assets: Decreased by -7,728.87 in 2023 compared to -1,02,994.50 in 2022.

Increase / (decrease) in other current liabilities: Decreased by -41,645.00 in 2023 compared to an increase of 51,820.00 in 2022.

Increase / (decrease) in other financial liabilities and provision: Decreased by -5,00,320.00 in 2023 compared to an increase of 4,86,200.00 in 2022.

Net Cash flow generated from operating activities: Improved significantly from -1,25,12,011.95 in 2022 to -17,41,485.84 in 2023, indicating better cash flow generation from core operations.

Cash Flows from Investing Activities:

Revaluation of Investments: Increased from 1,23,38,627.45 in 2022 to 4,36,177.34 in 2023.

Dividend Income: Decreased from 10,38,098.50 in 2022 to 6,91,446.50 in 2023.

Net cash flows (used in) investing activities: Decreased from 1,33,76,725.95 in 2022 to 11,27,623.84 in 2023, indicating lower cash used in investing activities.

Cash Flows from Financing Activities:

Interest and finance charges paid: Decreased slightly from -955 in 2022 to -1,184 in 2023.

Net cash flows (used in)/ generated from financing activities: Remained relatively stable at -1,184 in both 2022 and 2023.

Net Change in Cash and Cash Equivalents:

Net change in cash and cash equivalents: Decreased by -6,15,046.00 in 2023 compared to an increase of 8,63,759.00 in 2022.

Cash and cash equivalents- opening balance: Increased from 13,79,571.06 in 2022 to 22,43,330.06 in 2023.

Cash and cash equivalents- closing balance: Decreased from 22,43,330.06 in 2022 to 16,28,284.06 in 2023.

Financial Ratios of Shreyans financial and capital services limited

Current Ratio:

Current Ratio: Increased significantly from 5.53 in 2022 to 10.66 in 2023.

Analysis:

A higher current ratio indicates improved liquidity and the ability of the company to meet its short-term obligations with its current assets. This increase suggests that the company has more than doubled its current assets relative to its current liabilities compared to the previous year. It could imply better management of working capital, increased cash reserves, or reduced short-term liabilities.

Return on Equity Ratio:

Return on Equity Ratio: Decreased from 0.01% in 2022 to 0.00% in 2023.

Analysis:

A return on equity of 0.00% indicates that the company did not generate any profit relative to its equity in 2023. This could be due to lower net income or a decrease in equity without a corresponding increase in profitability. It 's a concerning indicator as it suggests that shareholders did not earn any return on their equity investment during the year.

Return on Capital Employed:

Return on Capital Employed: Decreased from 0.01% in 2022 to 0.00% in 2023.

Analysis:

Similar to the return on equity ratio, a return on capital employed of 0.00% indicates that the company did not generate any profit relative to its total capital employed (which includes both equity and debt). This could indicate underutilization of capital or a decrease in profitability compared to the previous year.

Return on Investment:

Return on Investment: Decreased from 0.06% in 2022 to 0.04% in 2023.

Analysis:

Return on investment measures the return earned on investments relative to their cost. A decrease from 0.06% to 0.04% suggests a lower return on investments made during the year. This could be due to lower dividend income or less effective use of non-current investments.

Dividend history

Company has not declared Dividend for F.Y. 2022-23.