Shri Gurudev En Trade Limited Annual Report and Financials

SHRI GURUDEV EN-TRADE LIMITED Balance Sheet (In Rs. "00")

 SHRI GURUDEV EN-TRADE LIMITED Profit & Loss Statement (In Rs. "00")

SHRI GURUDEV EN-TRADE LIMITED Consolidated Cash Flow Statement (In Rs. "00")

In the financial year 2023, the company 's cash flow activities depict a mixed performance, balancing positive indicators with certain challenges.

Cash Flow from Operating Activities (A):

The year began with a robust Net Profit Before Tax and Extraordinary Items of Rs. 24,400.24 lakhs, a significant improvement compared to the previous year 's loss of Rs. (2,564.58) lakhs. The operating profit before working capital changes remained strong at Rs. 24,400.24 lakhs. However, changes in working capital, including a decrease in trade payables (Rs. -137.25 lakhs), a decrease in other liabilities (Rs. -1,652.67 lakhs), an increase in inventories (Rs. -15,569.25 lakhs), and an increase in other current assets (Rs. -11,442.77 lakhs), contributed to a negative cash flow from operations of Rs. (4,401.70) lakhs. The company paid income tax of Rs. 540.02 lakhs, resulting in a negative net cash from operating activities of Rs. (4,941.72) lakhs.

Cash Flow from Investing Activities (B):

The company engaged in loan transactions, leading to a net cash outflow of Rs. (475.97) lakhs in the investing activities section.

Cash Flow from Financing Activities (C):

In financing activities, the company took a loan of Rs. 5,200.00 lakhs, a decrease from the previous year 's Rs. 6,350.00 lakhs. The net cash from financing activities amounted to Rs. 5,200.00 lakhs.

Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C):

The overall net increase in cash and cash equivalents for the year was Rs. 258.28 lakhs, representing an improvement from the previous year 's decrease of Rs. (228.39) lakhs.

Cash and Cash Equivalents (End of Year):

The company closed the fiscal year with cash and cash equivalents of Rs. 1,273.55 lakhs, compared to Rs. 1,015.27 lakhs at the beginning of the year.

Bellow, are the Financial Ratios

The financial ratios for the year 2023 provide a comprehensive overview of the company 's performance and financial health:

1. EBITDA Margin (Earnings Before Interest, Taxes, Depreciation, and Amortization): The EBITDA margin stands at 152.33%, indicating a healthy operating performance and strong earnings relative to the company 's revenue.

2. Net Worth Ratio: The Net Worth ratio is 0.85%, suggesting that the company 's net worth constitutes a small percentage of its total assets. This ratio raises concerns about the adequacy of the company 's net worth to cover its liabilities.

3. Debt/Equity Ratio: The Debt/Equity Ratio is 0, implying that the company has no debt in its capital structure. A debt-free status can be positive as it reduces financial risk, but it 's essential to assess other factors like cost of capital and potential leverage benefits.

4. Return on Equity (ROE): The Return on Equity is 0.84%, indicating a modest return on shareholders ' equity. This ratio measures how effectively the company utilizes equity capital to generate profits.

5. Total Assets Turnover: The Total Assets Turnover is -0.26%, suggesting a potential inefficiency in utilizing total assets to generate revenue. Negative values in this ratio may need further investigation, as they are not common.

6. Fixed Assets Turnover: The Fixed Assets Turnover is 0.00%, implying that fixed assets may not be efficiently utilized to generate revenue. Further analysis is necessary to understand the reasons behind this low turnover.

7. Current Assets Turnover: The Current Assets Turnover is -0.60%, indicating potential inefficiency in using current assets to generate revenue. Negative values in this ratio may warrant a closer look into the management of current assets.

8. Current Liabilities Turnover: The Current Liabilities Turnover is -49.45%, suggesting potential issues in managing and utilizing current liabilities efficiently. Negative values should be carefully examined for accuracy.

9. Trade Receivables Turnover: The Trade Receivables Turnover is 0.00%, indicating that trade receivables may not be turning over during the period. This might be due to factors such as slow collections or extended credit terms.

10. Trade Payables Turnover: The Trade Payables Turnover is -49.45%, reflecting potential challenges in managing trade payables efficiently. Negative values should be scrutinized to understand the underlying issues.

11. Current Ratio: The Current Ratio is 38.45, suggesting a strong liquidity position with current assets significantly exceeding current liabilities. While a high current ratio indicates short-term solvency, it 's essential to evaluate whether the company is managing its current assets and liabilities optimally.