SPML India Annual Reports, Balance Sheet and Financials

SPML India Limited Balance Sheet (Rs in lakhs)

SPML India Limited Profit & Loss Statement (Rs in lakhs)

SPML India Limited Consolidated Cash Flow Statement (Rs in lakhs)

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

Cash Flows from Operating Activities:

Profit before tax: There was a loss of -0.05 in 31-03-2023 compared to a profit of 74.17 in 31-03-2022, indicating a significant decline.

Income Tax Provision (Reversed): The provision reversed was -3.98 in 31-03-2023, higher than the reversed provision of 19.37 in 31-03-2022, impacting cash flows negatively.

Interest income: There was no interest income in 31-03-2023, compared to 1.17 in 31-03-2022, reducing cash inflow.

Operating cash flows before working capital changes: This figure decreased from 94.71 in 31-03-2022 to -4.02 in 31-03-2023, indicating a significant reduction in cash generated from core operations.

Changes in Trade and Other Current Assets: There was an increase of 58.91 in 31-03-2023 compared to 641.52 in 31-03-2022, affecting cash flows positively.

(Decrease)/Increase in Current Liabilities and provisions: There was a decrease of -39.61 in 31-03-2023 compared to -23.6 in 31-03-2022, impacting cash flows positively.

Cash generated from operations: This decreased sharply from 712.63 in 31-03-2022 to 15.28 in 31-03-2023.

Income-tax (paid): Income tax paid was 1.98 in 31-03-2023 compared to 17.8 in 31-03-2022, decreasing cash outflow.

Net cash from operating activities: This decreased from 694.83 in 31-03-2022 to 13.3 in 31-03-2023, reflecting weaker operational cash flow performance.

Cash Flows from Investing Activities:

Purchase of Investment (Conversion from Loan): There was no purchase recorded in both 31-03-2023 and -867.99 in 31-03-2022, indicating no new investments.

Net cash from investing activities: No cash flow was recorded in both years, indicating stability in investment activities.

Cash Flows from Financing Activities:

Finance Charges: There was no finance charge in 31-03-2023, compared to -1.17 in 31-03-2022.

Net cash from financing activities: There was no cash flow in 31-03-2023, compared to -1.17 in 31-03-2022.

Financial Ratios of SPML India Limited

Current Ratio:

31-03-2023: 9.77

31-03-2022: 7.26

Analysis: The current ratio has improved from 7.26 in 31-03-2022 to 9.77 in 31-03-2023, indicating a stronger liquidity position. This suggests the company has more current assets relative to current liabilities, which is a positive sign for short-term financial health.

Debt-Equity Ratio:

31-03-2023: 0.02

31-03-2022: 0.02

Analysis: The debt-equity ratio remained stable at 0.02 in both years. This indicates that the company has very low debt relative to equity, which generally signifies a conservative capital structure.

Debt Service Coverage Ratio:

31-03-2023: -0.20

31-03-2022: 1.69

Analysis: The debt service coverage ratio has decreased significantly from 1.69 in 31-03-2022 to -0.20 in 31-03-2023. A negative ratio indicates that the company 's operating income is not sufficient to cover its debt obligations. This is a concerning sign as it suggests potential financial distress or difficulty in servicing debt.

Return on Equity Ratio:

31-03-2023: -0.53%

31-03-2022: 2.19%

Analysis: The return on equity (ROE) has declined sharply from 2.19% in 31-03-2022 to -0.53% in 31-03-2023. A negative ROE indicates that the company incurred a net loss, resulting in a negative return on shareholders ' equity. This reflects poor profitability performance.

Net Capital Turnover Ratio:

31-03-2023: 5.14

31-03-2022: 21.68

Analysis: The net capital turnover ratio has decreased significantly from 21.68 in 31-03-2022 to 5.14 in 31-03-2023. This suggests that the company 's revenue generated per unit of capital employed has decreased, indicating less efficiency in utilizing capital to generate sales.

Net Profit Ratio:

31-03-2023: -57.36%

31-03-2022: 54.29%

Analysis: The net profit ratio has deteriorated drastically from 54.29% in 31-03-2022 to -57.36% in 31-03-2023. A negative net profit ratio indicates a net loss relative to sales, highlighting severe profitability challenges.

Return on Capital Employed:

31-03-2023: 3.05%

31-03-2022: -1.12%

Analysis: The return on capital employed (ROCE) has improved from -1.12% in 31-03-2022 to 3.05% in 31-03-2023. This shows that the company has generated a positive return on the capital invested, though it remains low.

Return on Investment:

31-03-2023: 1.13%

31-03-2022: 3.85%

Analysis: The return on investment (ROI) has declined from 3.85% in 31-03-2022 to 1.13% in 31-03-2023. This indicates a lower return on the investments made, reflecting reduced profitability from investments.

Dividend history

No dividend have been declared or paid during the year by the company.