Sarvaraya Sugar Annual Reports, Balance Sheet and Financials

Sri Sarvaraya Sugars Limited Balance Sheet (Amount in Lakhs)

Sri Sarvaraya Sugars Limited Profit & Loss Statement (Amount in Lakhs)

Sri Sarvaraya Sugars Limited Cash Flow Statement (Amount in Lakhs)

Here is a summary of the Cash Flow Statement for the years 2024 and 2023:

Cash Flow from Operating Activities: In the year ending 31-03-2024, the company reported a net profit before tax from continuing operations of ₹8,683.00 lakhs, an increase from ₹7,667.86 lakhs in 2023. The net profit before tax from discontinued operations was a loss of ₹272.19 lakhs, improving from a loss of ₹1,141.38 lakhs in the previous year. Overall, the net profit before tax increased to ₹8,410.81 lakhs from ₹6,526.48 lakhs, reflecting improved operational performance.

Adjustments for non-cash items included depreciation and amortization of ₹4,047.01 lakhs, up from ₹3,215.12 lakhs, and finance costs of ₹2,551.03 lakhs compared to ₹1,484.41 lakhs. Other adjustments include losses and gains on asset sales, changes in provisions, and adjustments for foreign exchange fluctuations. These adjustments resulted in an operating profit before working capital changes of ₹14,130.68 lakhs, significantly higher than ₹11,037.61 lakhs in the previous year.

Working capital changes included a decrease in trade receivables (a negative change of ₹979.22 lakhs) and inventories (a small decrease of ₹2.24 lakhs). The company saw increases in trade payables and other current liabilities, which collectively led to cash generated from operations of ₹15,722.43 lakhs, up from ₹8,106.25 lakhs. After deducting direct taxes paid (₹1,433.26 lakhs), the net cash from operating activities was ₹14,289.17 lakhs, a substantial increase from ₹6,661.13 lakhs in the previous year. This indicates improved cash generation from core operations.

Cash Flow from Investing Activities: The company spent ₹10,697.97 lakhs on capital work-in-progress and ₹23.24 lakhs on intangible assets under development, showing continued investment in growth and development. It generated ₹796.28 lakhs from the sale of property, plant, and equipment, and received ₹109.85 lakhs in interest income and ₹0.60 lakhs in dividend income. Despite these inflows, the net cash used in investing activities was ₹9,814.48 lakhs, an improvement from the higher outflow of ₹17,418.87 lakhs in the previous year. This decrease in outflows indicates more controlled investing activity compared to the previous year.

Cash Flow from Financing Activities: The company experienced a net repayment of short-term borrowings of ₹2,244.04 lakhs, and a net repayment of long-term borrowings of ₹888.80 lakhs, compared to significant net inflows from long-term borrowings in the previous year. Finance costs, including lease liabilities, amounted to ₹2,813.73 lakhs, up from ₹1,664.15 lakhs. Dividends paid were ₹304.81 lakhs, a reversal from the dividend received in the previous year. The net cash generated from financing activities was ₹4,473.78 lakhs, significantly lower than ₹10,746.34 lakhs in 2023. This decrease reflects lower financing inflows and higher repayments.

Net Increase/ (Decrease) in Cash and Cash Equivalents: The overall net increase in cash and cash equivalents for the year was ₹0.91 lakhs, a notable contrast from the decrease of ₹11.40 lakhs in the previous year. The cash and cash equivalents at the beginning of the period were ₹56.33 lakhs, and they slightly increased to ₹57.24 lakhs by the end of the period.

 Financial Ratios of Sri Sarvaraya Sugars Limited

Here is a summary of the financial and operational metrics for Sri Sarvaraya Sugars Limited for the year 2024 and 2023:

The current ratio measures a company 's ability to meet its short-term liabilities with its short-term assets. For 2024, the current ratio is 0.82, down from 1.02 in 2023. This decrease suggests a reduction in liquidity, indicating that the company 's short-term assets are less sufficient to cover its short-term obligations compared to the previous year.

The debt equity ratio reflects the company’s financial leverage by comparing its total liabilities to shareholders ' equity. In 2024, the ratio is 0.59, down from 0.72 in 2023. This decline indicates a reduction in the company’s leverage, suggesting a lower proportion of debt relative to equity.

The debt service coverage ratio measures a company’s ability to service its debt with its operating income. For 2024, the DSCR is 1.97, down from 2.26 in 2023. Although the ratio remains above 1, indicating that the company can cover its debt obligations, the decrease suggests a slight decline in its ability to generate sufficient operating income relative to its debt servicing needs

The return on equity ratio measures the profitability relative to shareholders ' equity. In 2024, the ROE is 9.66%, up from 8.60% in 2023. This increase signifies that the company is generating more profit for its shareholders compared to the previous year, indicating improved operational efficiency and effective use of equity capital.

The inventory turnover ratio assesses how efficiently a company manages its inventory by comparing cost of goods sold to average inventory. For 2024, the ratio is 8.01, up from 7.46 in 2023. This increase indicates improved efficiency in managing inventory, as the company is selling and replenishing its inventory more frequently.

The trade receivable turnover ratio measures how effectively a company collects its receivables. In 2024, the ratio is 37.92, slightly higher than 36.29 in 2023. This increase implies that the company is collecting its receivables more efficiently and in a shorter period, which can improve cash flow and reduce the risk of bad debts.

The trade payable turnover ratio reflects how quickly a company pays off its suppliers. For 2024, the ratio is 15.81, up from 11.56 in 2023. This increase indicates that the company is taking longer to pay its trade payables, which may affect supplier relationships or reflect a strategic decision to manage cash flow more conservatively.

The net capital turnover ratio measures how effectively a company uses its capital to generate revenue. In 2024, the ratio is -22.65, a dramatic drop from 282.16 in 2023. The negative ratio suggests a significant decline in capital efficiency, potentially due to large capital expenditures or a substantial increase in capital base without a proportional increase in revenue.

The net profit ratio indicates the percentage of revenue that remains as profit after all expenses. For 2024, the net profit ratio is 6%, consistent with the previous year’s 6%. This stability in profitability indicates that the company has maintained its profit margins despite potential changes in revenue or costs.

The return on capital employed measures how well a company generates profit from its capital employed. In 2024, the ROCE is 14.35%, up from 12.15% in 2023. This increase indicates improved efficiency in using capital to generate profit, reflecting better operational performance and effective capital utilization.

The return on investment measures the profitability relative to the total investment. For 2024, the ROI is 37%, up from 34% in 2023. This rise suggests that the company is achieving higher returns on its investments, indicating effective investment decisions and improved overall profitability.