Steadfast Corporation Limited Annual Report | Balance Sheet

Steadfast Corporation Limited (Steadfast Corp) Return Comparision with Primex 40 Index

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Steadfast Corporation Limited

Stead Fast Corporation Limited Balance Sheet (Rs In Hundreds)

Particulars	2023	2022
I. ASSETS
(1) Non-current assets
(a) Property, Plant and Equipment	27,523.64	37,546.26
(b) Financial Assets
(i) Investments	24,193.09	24,193.09
(ii) Loans	54,100.00	54,100.00
(c) Deferred tax assets (net)	6,690.02	7,308.86
Total non current assets	1,12,506.75	1,23,148.21
(2) Current Assets
(a) Inventory		4,52,304.15
(b) Financial Assets
(i) Trade receivables	29,649.96	38,479.29
(ii) Cash and cash equivalents	5,69,316.81	50,689.63
(iii) Other Bank Balances	3,21,517.62	4,07,904.94
(iv) Other Financial Assets	495	495
(c) Current Tax Assets (Net)	9,782.65	8,834.15
(d) Other current assets	14,626.59	3,868.77
Total current assets	9,45,388.64	9,62,575.93
TOTAL ASSETS	10,57,895.39	10,85,724.14
II. EQUITY AND LIABILITIES
(1) Equity
(a) Equity share capital	7,13,100.00	7,13,100.00
(b) Other equity	3,40,266.64	3,36,057.51
Total equity	10,53,366.64	10,49,157.51
(2) Current liabilities
(a) Financial liabilities
(i) Trade payables
1) Total outstanding dues of creditors other than micro and small enterprises	1,305.46	29,176.73
(b) Other current liabilities	2,316.06	5,617.29
( c) Short-term provisions	907.23	1,772.61
Total Current liabilities	4,528.75	36,566.63
TOTAL EQUITY AND LIABILITIES	10,57,895.39	10,85,724.14

Stead Fast CorporationLimited Profit & Loss Statement (Rs In Hundreds)

Particulars	2023	2022
Revenue
I. Revenue from Operations	4,82,620.54	41,831.82
II. Other income	23,511.46	41,696.06
III. Total Income (I+II)	5,06,132.00	83,527.88
IV. Expenses
Purchases		4,52,304.15
Changes in Inventory	4,52,304.15	4,52,304.15
Cost of Execution	4,631.76	27,489.85
Employee Benefits Expenses	19,714.52	17,981.73
Depreciation and Amortization Expenses	9,237.70	12,759.77
Finance Cost	13.5	21.17
Other Expenses	14,204.32	13,713.21
Total Expenses (IV)	5,00,105.95	71,965.73
Net Profit before share of Profits/(Losses) from Subsidiaries	6,026.05	11,562.15
V. Profit/(loss) before Tax	6,026.05	11,562.15
VI. Tax expense:
1. Current tax	1,198.08	3,203.37
2. Deferred tax	618.84	-302.9
VII. Profit/(Loss) for the year	4,209.13	8,661.68
VIII. Total comprehensive income for the period	4,209.13	8,661.68
IX. Earnings per equity share
1. Basic	0.06	0.12
2. Diluted	0.06	0.12

Stead Fast CorporationLimited Consolidated Cash Flow Statement (Rs In Hundreds)

Particulars	2023	2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit before tax	6,026.05	11,562.15
Adjusted for :
Depreciation	9,237.70	12,759.77
Interest & other income received		-41,696.06
Loss/(Profit) on sale of investement	-1,558.83
Operating profits before working capital charges	13,704.92	-17,374.14
Changes in current assets and liabilities
(Increase)/Decrease in Inventories	4,52,304.15	-452304.15
(Increase)/Decrease in Trade Receivables	8,829.33	-13,208.83
(Increase)/Decrease in Current Tax assets	-2,146.57
(Increase)/Decrease in financial and non-financial assets	75,629.49	-24,145.88
Increase/(Decrease) in financial and non-financial liabilities	-2,646.40	3,656.25
Increase/(Decrease) in Trade payables	-29,391.50	9,479.24
Cash generated from operations	5,16,283.42	-493897.51
Net cash generated from operating activities	5,16,283.42	-493897.51
B CASH FLOWS FROM INVESTING ACTIVITIES:
(Purchase)/ Sale of fixed assets	2,343.75
Long term loans and advances		2,81,000.00
Interest & other income received		41,696.06
Net cash used in investing activities	2,343.75	3,22,696.06
C Net increase / (decrease) in cash and cash equivalents	5,18,627.17	-171201.45
D Cash and cash equivalents at the beginning of the year	50,689.63	2,21,891.08
E Cash and cash equivalents at the end of the year	5,69,316.81	50,689.63
Cash & Cash Equivalents comprise:
Cash on Hand	3.83	3.83
Balance with Banks in Current A/c	5,69,312.98	50,685.81
Total Cash & Cash Equivalents	5,69,316.81	50,689.64

Certainly, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Net profit before tax:

The company reported a net profit before tax of Rs. 6,026.05 in 2023, significantly lower than the previous year 's figure of Rs. 11,562.15.

2. Loss on sale of investments:

There was a loss of Rs. 1,558.83 on the sale of investments in 2023.

3. Depreciation:

Depreciation expenses decreased from Rs. 12,759.77 in 2022 to Rs. 9,237.70 in 2023.

4. Operating profits before working capital charges:

The company experienced a significant positive change, with operating profits of Rs. 13,704.92 in 2023, compared to a negative value of -Rs. 17,374.14 in 2022.

5. Changes in current assets and liabilities:

Increase in Inventories: A significant increase of Rs. 4,52,304.15 in inventories in 2023.

Decrease in Trade Receivables: Trade receivables decreased by Rs. 13,208.83.

Increase in financial and non-financial assets: Rs. 75,629.49 increase in assets.

Increase in financial and non-financial liabilities: Rs. 3,656.25 increase in liabilities.

Decrease in Trade Payables: Trade payables decreased by Rs. 9,479.24.

6. Cash generated from operations:

The company generated a substantial positive cash flow from operating activities in 2023, amounting to Rs. 5,16,283.42.

7. Net cash generated from operating activities:

The net increase in cash from operating activities was Rs. 5,16,283.42 in 2023.

8. Cash Flow from Investing Activities:

Purchase of fixed assets: The company made purchases of fixed assets amounting to Rs. 2,343.75.

Long term loans and advances

The company received Rs. 2,81,000.00 from long-term loans and advances.

Interest & other income received: The company received Rs. 41,696.06 as interest and other income.

9. Net cash used in investing activities:

The net cash used in investing activities in 2023 was Rs. 2,343.75, significantly lower than the previous year.

10. Cash and cash equivalents:

The year began with cash and cash equivalents of Rs. 50,689.63 and ended with Rs. 5,69,316.81 in 2023.

1.Net profit before tax:

In 2022, the company reported a higher net profit before tax of Rs. 11,562.15.

2. Loss on sale of investments:

There was no mention of a loss on the sale of investments in 2022.

3. Depreciation:

Depreciation expenses were higher at Rs. 12,759.77 in 2022.

4. Operating profits before working capital charges:

The company reported a negative operating profit of -Rs. 17,374.14 in 2022.

5. Changes in current assets and liabilities:

In 2022, there were significant negative changes in current assets and liabilities, including a decrease in inventories, trade receivables, and trade payables.

6. Cash generated from operations:

The company had negative cash flow from operating activities in 2022, amounting to -Rs. 4,93,897.51.

7. Net cash generated from operating activities:

The net cash flow from operating activities was negative in 2022, at -Rs. 4,93,897.51.

8. Cash Flow from Investing Activities:

In 2022, the company had a higher net cash outflow from investing activities, totaling Rs. 3,22,696.06.

9. Cash and cash equivalents:

The year began with cash and cash equivalents of Rs. 2,21,891.08 and ended with Rs. 50,689.63 in 2022.

Steadfast Corporation Limited Annual Report, Balance Sheet, Financials.

Steadfast Corporation Limited (Steadfast Corp) Return Comparision with Primex 40 Index

Stead Fast Corporation Limited Balance Sheet (Rs In Hundreds)

Stead Fast CorporationLimited Profit & Loss Statement (Rs In Hundreds)

Stead Fast CorporationLimited Consolidated Cash Flow Statement (Rs In Hundreds)

Steadfast Corporation Annual Report

Steadfast Corporation Annual Report 2022-23

Steadfast Corporation Annual Report 2021-22

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