Sri Vishnu Shankar Annual Reports, Balance Sheet and Financials

Sri Vishnu Shankar Mill Limited Balance Sheet (Rs in Lakhs)

Sri Vishnu Shankar Mill Profit & Loss Statement (Rs in Lakhs)

Sri Vishnu Shankar Mill Consolidated Cash Flow Statement (Rs in Lakhs)

Cash Flow from Operating Activities:

Profit/(Loss) Before Extraordinary Items and Tax: The company experienced a significant increase in the loss before extraordinary items and tax, rising from -₹1,023.45 million in 2023 to -₹3,620.51 million in 2024. This substantial decline suggests a worsening operational performance or increased costs.

Depreciation & Amortization: Depreciation and amortization expenses decreased from ₹1,625.64 million in 2023 to ₹1,436.32 million in 2024. This decrease could indicate a lower amount of depreciable assets or changes in the depreciation methodology.

Finance Costs: Finance costs rose from ₹1,997.73 million in 2023 to ₹2,329.34 million in 2024, indicating an increase in interest expenses or higher levels of debt.

Interest Income: Interest income decreased from -₹153.55 million in 2023 to -₹117.99 million in 2024. This decline reflects lower earnings from investments or reduced cash balances.

Rent Receipts from Investment Properties: Rent receipts dropped slightly from -₹20.59 million to -₹15.15 million, likely due to decreased rental income or fewer properties.

Profit on Sales of Assets: There was a minor decrease in profit on asset sales from ₹141.86 million to ₹131.26 million, showing a slight reduction in gains from asset disposals.

Operating Profit before Working Capital Changes: This metric saw a sharp drop from ₹2,567.64 million to ₹143.27 million, reflecting a significant decline in profitability before adjustments for working capital.

Working Capital Changes: Significant changes in working capital were observed:

Trade Receivables: Increased by -₹1,360.59 million in 2024 compared to a decrease of ₹2,786.00 million in 2023, indicating a rise in outstanding receivables or slower collection.

Loans and Advances: Reduced from ₹2,029.01 million to ₹274.79 million, suggesting a decrease in loans and advances or quicker repayment.

Inventories: There was a notable increase in inventories by ₹6,149.84 million in 2024, compared to a decrease of -₹2,624.17 million in 2023, indicating a substantial build-up of stock.

Gratuity: Slightly decreased from -₹19.86 million to -₹1.03 million.

Government Grants: Slightly decreased from -₹2.68 million to -₹2.67 million.

Trade Payables & Current Liabilities: Increased from ₹302.81 million to ₹634.24 million, indicating a rise in outstanding payables or accruals.

Direct Taxes Paid/Refund Received: Minimal change from ₹10.56 million to -₹0.86 million.

Net Cash Generated from Operating Activities: Increased from ₹5,049.31 million in 2023 to ₹5,836.99 million in 2024, suggesting improved cash generation from core operations despite the larger loss.

Cash Flow from Investing Activities:

Purchase of Property, Plant, and Equipment: Slightly increased from -₹2,613.15 million to -₹2,725.85 million, reflecting continued investment in fixed assets.

Purchase of Equity Shares of Associates: Decreased from -₹92.85 million to -₹2.04 million, indicating a lower investment in associates.

Purchase of Equity Shares (Others): New outflow of -₹410.02 million in 2024, representing new investments in other equity shares.

Proceeds from Redemption of Preference Shares: Not applicable in 2024, compared to ₹795.00 million received in 2023.

Proceeds/(Purchases) of Sale of Assets/Investment Properties: Minimal proceeds of ₹2.49 million in 2024 compared to a small outflow of -₹6.39 million in 2023.

Interest Received: Decreased from ₹153.55 million to ₹117.99 million.

Dividend Received: Decreased from ₹93.19 million to ₹62.27 million.

Rent Receipts from Investment Properties: Remained the same at ₹15.15 million.

Net Cash Used in Investing Activities: Increased from -₹1,650.06 million in 2023 to -₹2,940.01 million in 2024, indicating higher net outflows due to increased investments.

Cash Flow from Financing Activities:

Proceeds from Long-Term Borrowings: Increased substantially from ₹640.85 million to ₹6,057.61 million, reflecting significant new borrowings.

Repayment of Long-Term Borrowings: Decreased from -₹2,439.73 million to -₹2,725.62 million, indicating a higher repayment of long-term debt.

Availment /Repayment of Short-Term Borrowings: Shifted from an inflow of ₹424.39 million to an outflow of -₹3,896.41 million, showing a net repayment of short-term borrowings.

Payment of Dividend: Not applicable in 2024, compared to -₹15.00 million in 2023.

Interest Paid: Increased from -₹1,997.73 million to -₹2,329.34 million.

Net Cash Used in Financing Activities: Improved from -₹3,387.22 million in 2023 to -₹2,893.76 million in 2024, reflecting a decrease in net outflows from financing activities.

Net Increase/(Decrease) in Cash and Cash Equivalents:

Minimal increase from ₹12.03 million in 2023 to ₹3.22 million in 2024, showing a modest rise in cash despite increased operational and investment outflows.

Cash and Cash Equivalents:

Opening Balance: Increased from ₹9.68 million in 2023 to ₹21.71 million in 2024.

Closing Balance: Further increased from ₹21.71 million to ₹24.93 million.

Financial Ratios of Sri Vishnu Shankar Mill

Here is a summary of the financial and operational metrics for NakodaLimited for the year2016:

Current Ratio

2024: 0.75

2023: 0.95

Explanation: The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets. A ratio below 1 indicates that the company may struggle to meet its short-term obligations. In 2024, the current ratio decreased from 0.95 to 0.75, suggesting a decline in liquidity and potential difficulty in covering short-term liabilities.

Debt-Equity Ratio

2024: 8.5

2023: 4.92

Explanation: The debt-equity ratio shows the proportion of debt to equity in financing the company's assets. A higher ratio indicates greater financial leverage and risk. In 2024, the ratio increased significantly from 4.92 to 8.5, implying a substantial rise in debt relative to equity, which heightens financial risk and potentially impacts the company's stability.

Debt Service Coverage Ratio (DSCR)

2024: 0.09

2023: 1.35

Explanation: The DSCR measures the company's ability to service its debt (principal and interest payments) from its operating cash flow. A ratio below 1 suggests insufficient cash flow to cover debt obligations. The dramatic decrease from 1.35 in 2023 to 0.09 in 2024 indicates that the company’s operating cash flow is insufficient to meet its debt service requirements, pointing to severe financial distress.

Return on Equity (ROE)

2024: -0.84

2023: -0.16

Explanation: ROE indicates how effectively the company is using shareholders’ equity to generate profit. A negative ROE means the company is making a loss relative to its equity. The increase in the negative ROE from -0.16% in 2023 to -0.84% in 2024 suggests worsening financial performance and increasing losses.

Net Profit Ratio

2024: 14.01%

2023: 11.02%

Explanation: The net profit ratio shows the percentage of revenue that translates into net profit. It measures overall profitability. The increase from 11.02% in 2023 to 14.01% in 2024 indicates improved profitability, suggesting that a higher proportion of sales revenue is being converted into profit despite other challenges.

Return on Capital Employed (ROCE)

2024: 1.89%

2023: 8.21%

Explanation: ROCE measures a company's profitability relative to its capital employed. It reflects how well the company is using its capital to generate profits. The significant drop from 8.21% to 1.89% suggests a substantial decline in efficiency in using capital to generate returns, indicating lower overall profitability.

Return on Investment (ROI)

2024: 59.06%

2023: 44.09%

Explanation: ROI measures the return generated on investments in assets. A higher ROI indicates more effective use of assets to generate returns. The increase from 44.09% to 59.06% suggests improved efficiency in generating returns from assets, which could be due to better asset management or higher returns from investments.