Silicon Valley Infotech Limited Annual Reports, Balance Sheet and Financials

Silicon Valley Infotech Limited Balance Sheet (Rs in Lakhs)

Silicon Valley Infotech Limited Profit & Loss Statement (Rs in Lakhs)

Silicon Valley Infotech Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Here is the analysis of cash flow statement of 2023 and 2022:

Profit / (Loss) before taxation:

In the fiscal year ending March 31, 2023, the company reported a pre-tax loss of -28.3 compared to -29.43 in the previous year.

Adjustments for Depreciation & Amortization Expenses:

Depreciation & Amortization Expenses stood at 13.68 in the current fiscal year, whereas there were no such expenses reported in the previous year.

Exceptional item:

An exceptional item of -69.13 significantly impacted the operating profit before working capital changes.

Operating Profit before Working capital changes:

Operating profit before working capital changes decreased from -29.43 to -83.75 due to the impact of exceptional items.

Movements in Working Capital:

There was a substantial increase in trade and other financial assets, rising from 18.18 in the previous year to 153.7 in the current fiscal year.

Conversely, there was a decrease in trade and other non-financial liabilities from 10.26 to -70.65.

Cash generated from operations:

Cash generated from operations improved slightly from -1 to -0.7 compared to the previous year.

Net cash from operating activities:

The net cash from operating activities remained at -0.7, consistent with the previous year 's figure.

Cash flows from investing activities:

There was a net decrease in cash and cash equivalents of -0.7 from investing activities, similar to the previous year.

Cash and cash equivalents at beginning and end of the period:

Cash and cash equivalents decreased from 6.6 at the beginning to 5.9 at the end of the period.

Cash & Cash Equivalent comprise:

The components of cash and cash equivalents include cash in hand, which decreased slightly from 4.38 to 3.62, and the balance with banks on the current account, which increased marginally from 2.22 to 2.28.

Financial Ratios of Silicon Valley Infotech Limited

Here is the summary of financial and operational metrices for Silicon Valley Infotech Limited for year 2023 & 2022:

Current Ratio:

In 2022, the current ratio was 9.12, indicating that the company had a healthy liquidity position, with ₹9.12 in current assets available to cover each rupee of current liabilities.

By 2023, the current ratio further improved to 10.17, signaling an even stronger liquidity position. This increase suggests that the company either increased its current assets, reduced its current liabilities, or both, which is generally a positive sign for financial health.

Debt Equity Ratio:

In 2022, the debt equity ratio was 3.87, indicating that the company had ₹3.87 in debt for every rupee in equity. This signifies a moderate level of leverage.

However, by 2023, the debt equity ratio dropped significantly to -5.45. A negative debt equity ratio is unusual and indicates that the company 's equity is negative, possibly due to large losses or write-downs exceeding the equity base. This suggests a potentially risky financial situation, as liabilities may exceed assets.

Return on Net Worth:

In 2022, the return on net worth was -0.34, indicating a negative return on equity. This suggests that the company 's net income was insufficient to generate a positive return for its shareholders.

The negative trend continued in 2023, with the return on net worth further declining to -4.26. This indicates a worsening profitability relative to the shareholders ' equity base, which could be attributed to continued losses or decreased profitability.

Dividend History

Silicon Valley Infotech Limited Recent Financial Performance:

Dividend per Share: The specific dividend per share figure for March 2023 and 2022 is not recommended, Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2023 amounted to Rs. -2,644.97 Lakhs, while in 2022, they were Rs. -2,547.54 Lakhs. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance.

Industry overview

The IT Services Market size is estimated at USD 1.20 trillion in 2024, and is expected to reach USD 1.81 trillion by 2029, growing at a CAGR of 8.38% during the forecast period (2024-2029). Globally, the increased IT spending, coupled with the widespread adoption of software-as-a-service and increased cloud-based offerings, indicates the demand for IT services in the industry. With an improved IT infrastructure, threats related to data (data breaches) are also on the rise. This demands advanced security solutions over traditional ones. With this trend gaining traction in the market, companies have started to invest their resources in enhancing their advanced security offerings.

FAQ Related to Silicon Valley Infotech Limited

Q.1) Is Silicon Valley Infotech Limited is a private or public company?

Silicon Valley InfoTech Limited is a Public incorporated on 31 December 1993.

Q.2) Is Silicon Valley Infotech Limited Listed or not?

Silicon Valley InfoTech Limited is a delisted company.

 Q.3) In which field the work of Silicon Valley Infotech Limited?

Silicon Valley InfoTech Limited engages in the non-banking financial activities and provision of financial management services in India. It is involved in the business of trading and investment in shares and securities and loaning.

 Q.4) In which state Silicon Valley Infotech Limited is incorporated?

It is incorporated in Kolkata, West Bengal.