| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Spencer and Company Limited |
|
Particulars |
2021 |
2020 |
|
ASSETS |
||
|
Non Current Assets |
||
|
Property, Plant and equipment |
1,039,536.00 |
1,168,833.00 |
|
Intangible Assets |
||
|
Investment Property |
176,100,051.00 |
202,500,000.00 |
|
Financial Assets |
||
|
(i) Investments |
1,664,064,572.00 |
1,106,750,024.00 |
|
(ii) Other financial assets |
1,095,083.00 |
1,025,559.00 |
|
Other Non Current Assets |
3,457,107.00 |
3,115,051.00 |
|
Total Non Current Assets |
184,756,349.00 |
1,314,559,467.00 |
|
Current Assets |
||
|
Financial Assets |
||
|
(i) Investments |
124,803,041.00 |
148,405,503.00 |
|
(ii) Cash and cash equivalents |
19,832,223.00 |
23,644,694.00 |
|
(iii) Other Financial Assets |
5,267,464.00 |
4,983,986.00 |
|
Current Tax Assets (Net) |
1,072,021.00 |
2,344,403.00 |
|
Other Current Assets |
52,952.00 |
4,999,688.00 |
|
Total Current Assets |
151,505,401.00 |
184,378,275.00 |
|
Total Assets |
1,997,261,750.00 |
1,498,937,742.00 |
|
EQUITY AND LIABILITIES |
||
|
Equity |
||
|
Equity Share Capital |
98,401,545.00 |
98,401,545.00 |
|
Other Equity |
1,577,788,502.00 |
1,164,663,812.00 |
|
Minority Interest -Non-controlling |
41,678,243.00 |
48,349,360.00 |
|
Total Equity |
171,868,290.00 |
1,311,414,717.00 |
|
LIABILITIES |
||
|
Non-Current Liabilities |
||
|
Financial Liabilities |
||
|
(i)Borrowings |
10,000,000.00 |
10,000,000.00 |
|
(ii)Other financial liabilities |
81,216,837.00 |
70,269,056.00 |
|
Provisions |
652,060.00 |
646,656.00 |
|
Deferred Tax Liability (Net) |
185,499,434.00 |
100,561,489.00 |
|
Total Non-Current Liabilities |
277,368,331.00 |
181,477,201.00 |
|
Current liabilities |
||
|
Financial Liabilities |
||
|
Other Financial Liabilities |
722,620.00 |
3,195,438.00 |
|
Other current liabilities |
1,302,509.00 |
2,850,386.00 |
|
Total Current Liabilities |
2,025,129.00 |
6,045,824.00 |
|
Total Liabilities |
279,393,460.00 |
187,523,025.00 |
|
Total Equity and Liabilities |
1,997,261,750.00 |
1,498,937,742.00 |
|
Particulars |
2021 |
2020 |
|
Income |
||
|
Revenue from operations |
121 ,263269 |
122,101,900.00 |
|
Other Income |
33,994,746.00 |
1 ,720,819 |
|
Total Income |
155,258,015.00 |
120,381 ,081 |
|
Expenses |
||
|
Employee benefit expenses |
15,364,090.00 |
14,980,816.00 |
|
Finance Costs |
540,633.00 |
9,913,273.00 |
|
Depreciation |
164,097.00 |
162,209.00 |
|
Other expenses |
14,100,386.00 |
16,427,597.00 |
|
Total expenses |
30,169,206.00 |
41,483,895.00 |
|
Profit before tax |
125,088,809.00 |
78,897,186.00 |
|
Tax expense |
13,126,000.00 |
|
|
Current year tax |
16,400,000.00 |
13,126,000.00 |
|
Tax paid under V s V scheme |
62,419,289.00 |
|
|
Deferred Tax |
(3,374,814.00) |
4,428,523.00 |
|
Prior year tax adjustment |
1,530,033.00 |
294,916.00 |
|
Profit/(loss) for the year (A) |
48,114,301.00 |
61,047,747.00 |
|
Other Comprehensive Income |
||
|
Items that will not be re-classified to Profit and Loss |
||
|
Towards Employees Defined Benefit Obligations |
179,033.00 |
|
|
Towards Equity Instruments |
446,536,954.00 |
(888,665,277.00) |
|
Future Tax obligations on above |
(106,453,620.00) |
217,085,040.00 |
|
Other Comprehensive Income |
340,262,367.00 |
(671,580,237.00) |
|
Total Comprehensive Income forthe year(A) + (B) |
388,376,668.00 |
(610,532,490.00) |
|
Earnings per equity share |
||
|
Basic |
4.41 |
5.58 |
|
Diluted |
4.41 |
5.58 |
|
Particulars |
2021 |
2020 |
|
Cash Flow from operating activities |
||
|
Profit before tax |
125,088,809.00 |
78,897,186.00 |
|
Non cash adjustment to reconcile Profit Before Tax: |
||
|
Depreciation/amortization |
164,097.00 |
162,209.00 |
|
Employee Benefits |
(157,619.00) |
51,927.00 |
|
Unrealised (gain) / Loss on investments |
(40,130,835.00) |
(23,196,297.00) |
|
Net (gain) / Loss on sale of investments |
(237,036.00) |
(278,635.00) |
|
Interest income |
(5,023,462.00) |
(5,619,724.00) |
|
Dividend income |
(26,255,093.00) |
(7,745,306.00) |
|
Interest -Finance Cost on tenancy deposit |
540,633.00 |
9,913,273.00 |
|
Interest as per effective interest rate method |
347,531.00 |
|
|
Un-realised Lease Income |
(491,705.00) |
(491,705.00) |
|
Operating profit before working capital changes |
53,845,320.00 |
51,692,928.00 |
|
Movements in working capital: |
||
|
Increase/(Decrease) in other liabilities and finacial liabilities |
6,907,248.00 |
(5,034,393.00) |
|
Decrease/(Increase) in trade receivables |
1,864,299.00 |
(1,535,441.00) |
|
Cash generated from operations |
62,616,867.00 |
55,191,880.00 |
|
Direct taxes paid (net of refunds) |
80,605,160.00 |
(13,548,574.00) |
|
Net cash flow from operating activities (A) |
(17,988,293.00) |
41,643,306.00 |
|
Cash Flow from investing activities |
||
|
Purchase of fixed assets |
(34,800.00) |
|
|
Purchase of investments |
(154,094,906.00) |
(216,216,409.00) |
|
Sale of investments |
95,214,883.00 |
33,966,054.00 |
|
Interest received |
5,079,508.00 |
2,993,664.00 |
|
Dividends received |
26,255,093.00 |
7,745,306.00 |
|
Proceeds from Loan given |
3,700,000.00 |
(3,700,000.00) |
|
Net cash flow from /(used in) investing activities (B) |
(23,880,222.00) |
(175,211,385.00) |
|
Cash Flow from Financing Activities |
||
|
Redemption of Preference Share Capital |
(30,000,000.00) |
|
|
Issue of Equity Share Capital |
68,120,000.00 |
|
|
Loan taken |
||
|
Interest paid |
(63,956.00) |
|
|
Net cash flow used in financing activities (C) |
38,056,044.00 |
|
|
Net increase /(decrease) in cash and cash equivalents (A+B+C) |
(3,812,471.00) |
(133,568,079.00) |
|
Cash and cash equivalents at the beginning of the year |
23,644,694.00 |
157,212,774.00 |
|
Cash and cash equivalents at the end ofthe year |
19,832,223.00 |
23,644,695.00 |
|
Components of cash and cash equivalents |
||
|
Cash on hand |
2,065.00 |
1,378.00 |
|
Cheques/drafts on hand |
||
|
With banks on current account |
14,130,158.00 |
17,943,316.00 |
|
On deposit account |
5,700,000.00 |
5,700,000.00 |
|
Total Cash and Cash Equivalents |
19,832,223.00 |
23,644,694.00 |
In 2021, the company reported a net decrease in cash and cash equivalents of ₹3,812,471 lakhs, compared to a significant decrease of ₹133,568,079 lakhs in 2020.
Operating Activities:
- The profit before tax increased from ₹78,897,186 lakhs in 2020 to ₹125,088,809 lakhs in 2021.
- Non-cash adjustments included depreciation/amortization of ₹164,097 lakhs, employee benefits adjustment of (₹157,619) lakhs, and unrealized (gain)/loss on investments of (₹40,130,835) lakhs.
- Interest income decreased from (₹5,619,724) lakhs to (₹5,023,462) lakhs.
- Cash generated from operations increased from ₹55,191,880 lakhs in 2020 to ₹62,616,867 lakhs in 2021.
- The company paid net direct taxes of ₹80,605,160 lakhs.
Investing Activities:
- The company invested ₹154,094,906 lakhs in fixed assets and purchased investments worth ₹154,094,906 lakhs.
- Sale of investments generated cash of ₹95,214,883 lakhs.
- Interest received from investments increased from ₹2,993,664 lakhs to ₹5,079,508 lakhs.
- Net cash flow from investing activities improved from (₹175,211,385) lakhs in 2020 to (₹23,880,222) lakhs in 2021.
Financing Activities:
- The company redeemed preference share capital amounting to (₹30,000,000) lakhs.
- Equity share capital was raised by ₹68,120,000 lakhs.
- The company did not take any new loans, and the interest paid on existing loans amounted to (₹63,956) lakhs.
- Net cash flow used in financing activities was ₹38,056,044 lakhs.
Cash and Cash Equivalents:
- The net decrease in cash and cash equivalents was primarily due to negative cash flow from operating activities and significant investments in fixed assets and securities.
- Cash and cash equivalents at the end of 2021 were ₹19,832,223 lakhs, compared to ₹23,644,694 lakhs at the beginning of the year.
- Components of cash and cash equivalents included cash on hand (₹2,065 lakhs) and bank balances (₹14,130,158 lakhs in current account, ₹5,700,000 lakhs in deposit account).
|
Ratios |
2022 |
|
EBITDA |
-3.88 % |
|
Net worth |
7.69 % |
|
Return on Equity |
7.13% |
|
Total Assets |
6.73 % |
|
Fixed Assets |
-12.65 % |
|
Current Assets |
42.85 % |
|
Current Liabilities |
2,877.96 % |
|
Current Ratio |
3.67 |
In 2022, the company 's financial performance is reflected through various key ratios, providing insights into its profitability, financial structure, and efficiency.
1. EBITDA Margin:
- The EBITDA margin is negative at -3.88%, indicating that the company 's earnings before interest, taxes, depreciation, and amortization are insufficient to cover operating expenses. This may suggest operational challenges or high fixed costs.
2. Net Worth as a Percentage of Total Assets:
- The net worth of the company stands at 7.69% of total assets. This ratio signifies the proportion of total assets financed by shareholders ' equity. A higher percentage is generally favorable, indicating a strong financial base.
3. Return on Equity (ROE):
- The Return on Equity is 7.13%, indicating the company 's ability to generate profits from shareholders ' equity. While positive, it may be considered modest. A higher ROE is often desired as it signifies efficient utilization of equity capital.
4. Total Assets Turnover:
- The Total Assets Turnover is 6.73%, illustrating the company 's efficiency in generating revenue relative to its total assets. A higher turnover ratio suggests effective asset utilization.
5. Fixed Assets Turnover:
- The Fixed Assets Turnover is -12.65%, suggesting a negative ratio. This could indicate challenges or inefficiencies in utilizing fixed assets to generate revenue. Further investigation is needed to understand the reasons behind the negative ratio.
6. Current Assets and Current Liabilities:
- The Current Assets to Current Liabilities ratio is 42.85%, indicating a relatively healthy liquidity position. A ratio above 1 suggests that the company has sufficient current assets to cover its short-term liabilities.
7. Current Ratio:
- The Current Ratio is 3.67, reinforcing the company 's strong liquidity position. This ratio compares current assets to current liabilities, and a value above 1 suggests the company can meet its short-term obligations comfortably.
8. Current Liabilities as a Multiple of Equity:
- The Current Liabilities as a Multiple of Equity is 2,877.96%, indicating a significant proportion of current liabilities compared to equity. This could raise concerns about the company 's ability to meet short-term obligations using equity resources.
