Skyline India Annual Report, Balance Sheet & Revenue

Skyline India Limited Balance Sheet (Rs in hundred)

Skyline India Limited Profit & Loss Statement (Rs in hundred)

Skyline India Limited Cash Flow Statement (Rs in hundred)

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

Operating Activity

Net Profit before Tax: There is a decrease from -₹59,016 in 31-03-2022 to -₹39,017 in 31-03-2023.

Adjustments:

Amount written off: No specific amount mentioned for 31-03-2023, but it was ₹5,722 in the previous period.

Depreciation: Increased from ₹2,346 to ₹6,127.

Interest received: Increased slightly from ₹190 to -₹224 (possibly interest paid in 2023).

Operating Profit Before Working Capital Changes: Decreased significantly from -₹53,112 to -₹30,759.

Changes in Working Capital:

Inventories: Decreased by -₹14,082 in 2023.

Trade Receivables: Improved by ₹19,279 in 2023 (reduced receivables).

Long Term Loans and Advances: Increased by ₹66,084 in 2023.

Other Current Liabilities: Improved by -₹5,576 in 2023.

Cash Generated from Operations: Improved to ₹12,592 in 2023 from -₹762 in 2022.

Investing Activity

Increase/Decrease in Fixed Assets: -₹14,382 in 2023 compared to -₹8,148 in 2022.

Financing Activity

Interest Received: Net positive cash inflow of ₹224 in 2023, compared to a net outflow of -₹190 in 2022.

Cash Flow Analysis

Net Increase/Decrease in Cash and Cash Equivalents: -₹1,567 in 2023 compared to -₹9,100 in 2022.

Opening and Closing Cash Balances: There was a decrease in cash from ₹6,879 to ₹5,312 from 31-03-2022 to 31-03-2023.

Cash Breakdown

Cash in Hand: Decreased from ₹3,220 to ₹1,326.

Cheques in Hand: Decreased from ₹3,376 to 0.

Balances with Banks: Increased slightly from ₹276 to ₹611 in current accounts.

Overall Analysis

Profitability: The Company’s net profit before tax improved slightly in 2023 despite a challenging operating environment.

Operating Efficiency: Operating profit before working capital changes improved significantly, indicating better cost management.

Working Capital: Positive changes in trade receivables and long term loans and advances show effective management of liquidity and financing.

Cash Flow: Positive cash flow from operations and a decrease in investing outflows contributed to a better cash position despite lower net profits.

Financial Ratios of Skyline India Limited

Current Ratio

31-03-2023: 25.89

31-03-2022: 18.28

Analysis:

The current ratio measures the company 's ability to pay its short-term obligations with its short-term assets. A higher current ratio indicates stronger liquidity. In 2023, the current ratio significantly increased to 25.89 from 18.28 in 2022, indicating a substantial improvement in liquidity and the company 's ability to cover its short-term liabilities with its current assets.

Return on Equity Ratio (ROE)

31-03-2023: -13.78%

31-03-2022: -9.16%

Analysis:

ROE measures the company 's profitability relative to shareholders ' equity. A negative ROE indicates that the company 's net income was insufficient to cover shareholders ' equity, resulting in a loss. The decrease in ROE from -9.16% in 2022 to -13.78% in 2023 indicates a worsening profitability situation relative to equity.

Trade Receivables Turnover Ratio

31-03-2023: 0.19

31-03-2022: 1.11

Analysis:

This ratio indicates how efficiently the company collects its credit sales from customers. A lower ratio suggests slower turnover and possibly inefficient credit management. The significant decrease from 1.11 in 2022 to 0.19 in 2023 indicates a substantial decline in the efficiency of collecting receivables, which could lead to cash flow challenges.

Net Capital Turnover Ratio

31-03-2023: -0.06

31-03-2022: -0.24

Analysis:

This ratio measures how effectively the company utilizes its total capital to generate sales. A negative ratio typically indicates inefficiency in capital utilization, where sales generated are less than the total capital employed. The improvement from -0.24 in 2022 to -0.06 in 2023 suggests a slight enhancement in capital efficiency, but it still indicates that capital utilization is not optimal.

Net Profit Ratio

31-03-2023: -2.28%

31-03-2022: -1.16%

Analysis:

The net profit ratio (also known as net profit margin) measures how much profit a company generates for every rupee of sales. A negative net profit ratio indicates a loss. The increase in the net profit ratio from -1.16% in 2022 to -2.28% in 2023 indicates a decrease in profitability relative to sales, reflecting increased costs or decreased revenue.

Return on Capital Employed (ROCE)

31-03-2023: -0.14%

31-03-2022: -0.23%

Dividend History

The Company has suffered losses, due to this Directors’ regret their inability to recommended dividend on equity shares for the year.