SSF Limited Balance Sheet (Rs in lakhs)

SSF Limited Profit & Loss Statement (Rs in lakhs)

SSF Limited Consolidated Cash Flow Statement (Rs in lakhs)

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

Operating Activities:

The net cash from operating activities increased from 567.23 million in 2022 to 775.79 million in 2023, indicating improved operational efficiency.

The increase in cash generated from operations can be attributed to better management of working capital, as seen in the decrease in trade payables and the increase in inventories and trade receivables, which may indicate increased sales.

The adjustment for provision for doubtful debts and advances decreased from 5.92 million in 2022 to 1.06 million in 2023, suggesting better management of credit risk.

Income taxes paid decreased from 105.4 million in 2022 to 54.42 million in 2023, which contributed to the higher net cash from operating activities.

Investing Activities:

The company invested more in property, plant, and equipment (PPE) in 2023, with a purchase of 304.46 million compared to 107.4 million in 2022, indicating potential expansion or upgrades.

Despite the increased investment in PPE, the net cash used in investing activities increased from 105 million in 2022 to 282.3 million in 2023, mainly due to a decrease in sale proceeds of PPE.

Financing Activities:

The net cash from financing activities decreased from -385.12 million in 2022 to -421.69 million in 2023, primarily due to increased repayment of short-term borrowings.

Finance costs decreased from -40.3 million in 2022 to -29.19 million in 2023, indicating potentially lower borrowing costs or reduced reliance on debt financing.

Overall Cash Position:

The company 's cash and cash equivalents at the end of the year increased from 157.34 million in 2022 to 229.15 million in 2023, indicating a healthier cash position.

Despite the increase in net cash from operating activities, higher investments in property, plant, and equipment and increased repayment of short-term borrowings led to a slightly lower net increase in cash and cash equivalents in 2023 compared to 2022.

Profitability:

The operating profit before working capital changes increased from 305.01 million in 2022 to 366.08 million in 2023, indicating improved operational performance.

The profit before tax also increased from $189.25 million in 2022 to 259.4 million in 2023, suggesting higher overall profitability.

Financial Ratios of SSF Limited 

Here is a summary of the financial and operational metrics for The SSF Limited

Debtors Turnover:

The debtor’s turnover increased from 21.28 in 2022 to 22.28 in 2023, indicating that the company collected receivables more efficiently in 2023.

Inventory Turnover:

The inventory turnover increased significantly from 10.52 in 2022 to 17.79 in 2023, suggesting that the company sold its inventory more frequently during the year, possibly due to improved sales or inventory management.

Interest Coverage Ratio:

The interest coverage ratio improved from 7.44 in 2022 to 12.58 in 2023, indicating that the company 's ability to cover its interest expenses with operating income improved significantly in 2023. This suggests a stronger financial position and reduced risk of default.

Current Ratio:

The current ratio increased from 1.89 in 2022 to 3.36 in 2023, indicating a stronger liquidity position. The company has more than enough current assets to cover its current liabilities, which suggests improved short-term financial stability.

Debt Equity Ratio:

The debt-equity ratio is not provided for 2023, but it was 0.29 in 2022. Without the ratio for 2023, it 's difficult to assess the company 's leverage position accurately. However, if the ratio remains undisclosed, it may indicate a change in the company 's capital structure or debt levels.

Operating Profit Margin:

The operating profit margin increased from 8.66% in 2022 to 9.67% in 2023, indicating that the company became more efficient in generating profits from its operations. This improvement suggests better cost management or increased sales revenue relative to operating expenses.

Net Profit Margin:

The net profit margin increased from 2.19% in 2022 to 3.20% in 2023, indicating that the company improved its ability to convert revenue into profit. This could be due to better cost management, increased revenue, or a combination of both.

Return on Net Worth:

The return on net worth increased from 9.26% in 2022 to 11.15% in 2023, indicating improved profitability relative to the shareholders ' equity. This suggests that the company 's profitability increased in relation to its investment base.

Dividend History

Directors do not recommend any dividend for the financial year 2022-23. The Company has not transferred any amount to General Reserve.

FAQ Related to SSF Limited

Q.1) Is SSF Limited is a private or public company?

SSF Limited is a Public incorporated on 01 February 1968.

Q.2) Do SSF Limited listed or not?

SSF limited is an unlisted public company.

Q.3) In which field the work of SSF Limited is?

SSF limited works under the retail sector.

Q.4) How is SSF Limited is in liquid category?

SSF Limited appears to be in a strong liquidity position based on its financial ratios. The current ratio increased from 1.89 in 2022 to 3.36 in 2023, indicating a significant improvement in its ability to cover short-term liabilities with current assets. Additionally, the debtors turnover and inventory turnover ratios increased, suggesting efficient management of receivables and inventory, which further enhances liquidity. Overall, these indicators suggest that SSF Limited has ample liquidity to meet its short-term obligations and operational needs.