| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Sree Satyanarayana Spinning Mills Ltd |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Non-current assets |
|
|
|
Property, plant and equipment |
2,776.25 |
2,985.17 |
|
Others financial assets |
159.63 |
112.69 |
|
Other non-current assets |
67.29 |
75.53 |
|
Current assets |
|
|
|
Inventories |
1,693.41 |
2,653.83 |
|
Investments |
1,050.04 |
817.32 |
|
Trade Receivables |
978.49 |
654.98 |
|
Cash and Cash equivalents |
19.35 |
30.08 |
|
Bank Balances other than above |
- |
92.00 |
|
Other Current Assets |
7.74 |
4.47 |
|
Current Tax asset (Net) |
8.46 |
37.30 |
|
Other Current Assets |
59.77 |
148.24 |
|
Total Assets |
6,820.42 |
7,611.61 |
|
Equity |
|
|
|
Equity
Share capital |
89.47 |
105.01 |
|
Other equity |
5,172.40 |
5,974.08 |
|
Non-Current liabilities |
|
|
|
Provisions |
117.94 |
82.21 |
|
Deferred tax liabilities (net) |
192.00 |
170.19 |
|
Current liabilities |
|
|
|
Trade Payables: |
|
|
|
Total outstanding dues to Micro and
Small Enterprises |
10.16 |
16.45 |
|
Total outstanding dues of creditors other than Micro and Small Enterprises |
975.29 |
1,010.59 |
|
Other Financial Liabilities |
229.07 |
218.57 |
|
Other Current liabilities |
21.33 |
22.49 |
|
Provisions |
12.76 |
12.03 |
|
Total Equity and Liabilities |
6,820.42 |
7,611.61 |
|
Particulars |
31-03-2024 |
31-03-2023 |
|
Revenue from Operation |
6,286.70 |
5,472.51 |
|
Other Income |
79.49 |
130.75 |
|
Total
Income |
6,366.19 |
5,603.26 |
|
Expenses |
|
|
|
Cost of Materials Consumed |
3,648.62 |
3,553.95 |
|
Changes in Inventories of finished goods
and Work-in-progress |
(244.16) |
0.46 |
|
Employee Benefit Expense |
894.28 |
833.15 |
|
Finance Cost |
1.25 |
3.47 |
|
Depreciation and Amortisation Expense |
354.29 |
355.64 |
|
Power and Fuel |
1,066.92 |
915.47 |
|
Other Expenses |
570.09 |
729.66 |
|
Total
Expense |
6,291.29 |
6,391.80 |
|
Profit/Loss
before Exceptional items and tax |
74.90 |
(788.54) |
|
Exceptional items |
10.80 |
52.20 |
|
Profit/(Loss)
before tax |
85.70 |
(736.34) |
|
Deferred tax |
21.59 |
(178.97) |
|
Short/(Excess) Provisions of Income tax of
earlier year |
- |
(13.84) |
|
Profit/(Loss)
for the year |
64.11 |
(543.53) |
|
Other
comprehensive income |
|
|
|
Items that will not be reclassified to
profit or loss: |
0.87 |
(523.26) |
|
Income tax relating to items that will not
be reclassified to profit or loss: |
(0.22) |
(0.41) |
|
Total comprehensive Income/(Loss) for the period (comprising profit (loss) for the period and other comprehensive income) |
64.76 |
(1,067.19) |
|
Earnings
per Equity Share (in Rs.) |
|
|
|
Basic / Diluted |
7.17 |
(51.76) |
|
31-03-2024 |
31-03-2023 |
|
|
Cash Flow from
Operating Activities |
|
|
|
Net Profit before Tax |
85.70 |
(736.34) |
|
Adjustments for: |
|
|
|
Interest Expense |
1.25 |
3.47 |
|
Interest income |
(10.11) |
(5.16) |
|
Dividend Income |
(4.47) |
(98.68) |
|
Depreciation/ Amortisation
on continuing operation |
354.29 |
355.64 |
|
Loss/(Profit) on
sale of Fixed Assets |
- |
(10.19) |
|
Remeasurement of
defined benefit plans |
0.87 |
1.62 |
|
Operating Profit
before Working Capital Charges |
427.53 |
(489.64) |
|
Adjustments for |
|
|
|
Increase/(Decrease)
in Trade Payables |
(41.59) |
364.76 |
|
Increase/(Decrease)
in non-current provisions |
35.73 |
26.53 |
|
Increase/(Decrease)
in short-term provisions |
0.73 |
0.97 |
|
Increase/(Decrease)
in other liabilities (Current) |
(1.15) |
(0.39) |
|
Increase/(Decrease)
in other financial liabilities (Current) |
22.00 |
(88.53) |
|
Increase/(Decrease)
in other financial assets (Non-current) |
(46.93) |
(19.64) |
|
Increase/(Decrease)
in trade receivables |
(323.50) |
822.17 |
|
Increase/(Decrease)
in Inventories |
960.42 |
(1,264.36) |
|
Increase/(Decrease)
in other assets |
88.47 |
(67.21) |
|
Increase/(Decrease)
in other current investments |
(228.25) |
1,385.05 |
|
Increase/(Decrease)
in margin money deposits |
92.00 |
(92.00) |
|
Cash Generated from Operations |
985.46 |
577.71 |
|
Direct tax paid (net of refund) |
28.84 |
(35.24) |
|
Net Cash Generated
from Operating Activates |
1,014.29 |
542.47 |
|
Cash Flow from
Investing Activities |
|
|
|
Purchase of fixed assets including movement in CWIP, intangible assets and capital advances |
(137.12) |
(120.34) |
|
Proceeds from sale
of fixed assets |
- |
17.48 |
|
Interest received |
6.84 |
3.59 |
|
Net Cash Used in
Investing Activities |
(130.29) |
(99.27) |
|
Cash flow from financing activities |
|
|
|
Proceeds from
borrowings |
- |
(378.29) |
|
Payment for buy
back of shares |
(682.68) |
- |
|
Tax on buy back of
shares |
(159.04) |
- |
|
Interest paid |
(1.25) |
(3.47) |
|
Dividend paid
including Interim dividend |
(51.77) |
(45.26) |
|
Net cash flow generated/ (used in) from financing
activities |
(894.73) |
(427.03) |
|
Net Increase /(Decrease) In Cash
and Cash Equivalents |
(10.72) |
16.17 |
|
Cash & Cash
Equivalents at the Beginning of the Year |
30.08 |
13.91 |
|
Cash & Cash
Equivalents at the End of the Year |
19.35 |
30.08 |
Here is a summary of the Cash Flow Statement for the
years 2024 and 2023:
Cash Flow from
Operating Activities
For the year ending 31st March
2024, the company reported a positive
cash flow of ₹1,014.29 lakhs from operating activities, which improved significantly from
₹542.47 lakhs in the previous year. This rise was driven by a turnaround in
profitability, with a net profit before tax of ₹85.70
lakhs (versus a loss
of ₹736.34 lakhs in 2023). Even though trade receivables and investments
increased, a major cash inflow came from the reduction
in inventories (₹960.42 lakhs), which helped boost operational
cash flow.
Cash Flow from
Investing Activities
The company had a cash outflow of ₹130.29 lakhs in 2024 from investing activities, up slightly from
₹99.27 lakhs in 2023. This was mainly used for purchases
of fixed assets (₹137.12 lakhs). There were small inflows from interest income (₹6.84 lakhs), but no asset sales this
year, unlike the ₹17.48 lakhs inflow in the previous year.
Cash Flow from
Financing Activities
In 2024, the company experienced a significant cash outflow of ₹894.73 lakhs from financing activities, much higher
than ₹427.03 lakhs in 2023. This was largely due to a buyback of shares (₹682.68 lakhs) and the associated tax on buyback (₹159.04 lakhs). Additional outflows
included dividend payments (₹51.77 lakhs)
and interest payments. No new borrowings were raised this year.
Net Changes in Cash and cash
equivalents
As a result of the
above, the company had a small decrease in cash by ₹10.72
lakhs during 2024. The closing cash balance was ₹19.35
lakhs, down from ₹30.08 lakhs the previous year. Despite
improved operating performance, large financing outflows impacted the final
cash position.
|
2024 |
2023 |
|
|
Current Ratio |
3.06 |
3.40 |
|
Return on Equity |
1% |
-8% |
|
Inventory Turnover
Ratio |
2.89 |
2.71 |
|
Trade Receivables
Turnover Ratio |
6.42 |
5.13 |
|
Trade Payables
Turnover Ratio |
2.43 |
5.75 |
|
Net Capital
Turnover Ratio |
2.46 |
1.81 |
|
Net Profit Ratio |
1% |
-10% |
|
Return on Capital
Employed |
2% |
-12% |
|
Return on
Investment |
0% |
-100% |
Here is a summary of the Financial Ratios for the years 2024 and 2023:
Current Ratio
The current ratio slightly decreased from 3.40 in
2023 to 3.06 in 2024. This means the company still has strong liquidity, with
over ₹3 in current assets for every ₹1 of short-term liabilities, which is a
good sign for financial stability.
Return on Equity (ROE)
ROE
improved from –8% in 2023 to +1% in 2024. This shows that the company moved
from a loss to a small profit for shareholders, reflecting a recovery in
performance.
Inventory Turnover Ratio
The ratio
increased from 2.71 to 2.89, indicating that the company is selling and
replacing its inventory a little faster than before, which is a positive sign
for operational efficiency.
Trade Receivables Turnover Ratio
This
ratio rose from 5.13 to 6.42, meaning the company is collecting money from its
customers more quickly. This helps improve cash flow and reduces the risk of
bad debts.
Trade Payables Turnover Ratio
The ratio
dropped from 5.75 to 2.43, which means the company is taking longer to pay its
suppliers. While this may help conserve cash, it could also affect supplier
relationships if payments are delayed too much.
Net Capital Turnover Ratio
This
ratio improved from 1.81 to 2.46, showing the company is using its capital more
efficiently to generate revenue in 2024 compared to the previous year.
Net Profit Ratio
The net
profit ratio improved significantly from –10% in 2023 to +1% in 2024. This
means the company went from making losses to making a small profit from its
total revenue.
Return on Capital Employed (ROCE)
ROCE
improved from –12% to +2%, which shows the company is now earning positive returns
on the total capital it has employed, a sign of better overall business
performance.
Return on Investment (ROI)
The ROI
improved drastically from –100% in 2023 to 0% in 2024. Although still not
earning a return on investments, the shift from a large loss to breakeven is a
positive step forward.
