STI India Limited Annual Report and Financials

STI INDIA LIMITED Balance Sheet (In Lakhs)

STI INDIA LIMITED Profit & Loss Statement (In Lakhs)

STI INDIA LIMITED Consolidated Cash Flow Statement (In Lakhs)

The cash flow statement for the fiscal year 2023 reveals a comprehensive overview of the financial activities undertaken by the company. The figures are presented in lakhs.

A. Cash Flow from Operating Activities:

1. Net Profit / (Loss): The company experienced a net loss of ₹582.65 lakhs in 2023, an improvement from the previous year 's loss of ₹733.49 lakhs.

2. Other Comprehensive Income: An additional loss of ₹11.74 lakhs was incurred, contributing to the overall financial picture.

3. Adjustments: Factors such as depreciation (₹396.95 lakhs), interest received (₹43.67 lakhs), and profit/loss on the sale of assets (₹609.07 lakhs) were considered in deriving the operative profit before working capital changes.

4. Working Capital Changes: Adjustments for trade and other receivables (₹12.54 lakhs), inventories (₹19.37 lakhs), and trade payables (₹320.82 lakhs) resulted in cash generation from operations amounting to a negative ₹497.45 lakhs.

5. Direct Taxes: A further deduction of ₹37.70 lakhs was made for direct taxes, leading to a net cash outflow from operating activities of ₹535.15 lakhs.

B. Cash Flow from Investing Activities:

1. Capital Expenditure: The company invested ₹19.64 lakhs in capital expenditure for fixed assets, reflecting a reduction from the previous year 's spending.

2. Sale of Fixed Assets: The sale of fixed assets yielded ₹679.14 lakhs, significantly higher than the previous year 's ₹213.43 lakhs.

3. Net Cash Flow: Overall, the net cash used in investing activities amounted to ₹703.17 lakhs.

C. Cash Flow from Financing Activities:

1. Net Cash: Specific data regarding cash flow from financing activities is not provided, suggesting that there might not be significant financing activities during this period.

D. Net Change in Cash and Cash Equivalents:

1. Positive Change: The net change in cash and cash equivalents for 2023 is ₹168.02 lakhs, compared to the previous year 's modest change of ₹4.77 lakhs.

2. Opening and Closing Balances: The fiscal year commenced with cash and cash equivalents of ₹6.69 lakhs, reaching ₹174.72 lakhs by the end of the year.

In summary, the company experienced an overall positive trend in its cash flow, with improvements in net profit and substantial gains from the sale of fixed assets contributing to a healthier financial position. The cash flow from operating activities was negative, primarily due to operating losses and working capital adjustments. The investing activities reflected a strategic approach, with increased proceeds from the sale of fixed assets. The absence of detailed data on financing activities suggests a potential focus on internal financial management.

Bellow, are the Financial Ratios

 The financial data for the year 2015 provides a comprehensive snapshot of the company 's performance and financial health, with percentages reflecting key ratios and figures.

1. EBITDA Margin:

   - EBITDA stands at -199.64%, indicating a negative margin. This suggests that the company 's earnings before interest, taxes, depreciation, and amortization were insufficient to cover operating expenses and interest payments.

2. Net Worth:

   - The net worth is reported at -31.57%, suggesting that the company 's liabilities exceed its assets. A negative net worth raises concerns about the company 's financial stability and ability to meet long-term obligations.

3. Debt/Equity Ratio:

   - The debt/equity ratio is calculated at -5.34, indicating a negative value. This implies an unusual financial structure, possibly skewed towards equity, or a situation where the company has more equity than debt.

4. Return on Equity (ROE):

   - The Return on Equity is reported as N/A, suggesting that the company may have incurred a net loss, making it challenging to calculate a meaningful ROE. Lack of positive returns raises questions about the company 's profitability.

5. Asset Management:

   - Total assets show a decline of -3.10%, indicating a reduction in the company 's overall asset base.

   - Fixed assets decrease by -6.43%, suggesting a reduction in long-term investments or capital expenditures.

6. Current Assets and Liabilities:

   - Current assets show a modest increase of 7.66%, indicating a slight improvement in short-term asset holdings.

   - Current liabilities rise by 16.35%, possibly reflecting increased short-term obligations.

7. Trade Receivables and Payables:

   - Trade receivables increase by 7.58%, indicating a rise in outstanding customer payments.

   - Trade payables surge by 19.98%, reflecting an increase in amounts owed to suppliers.

8. Current Ratio:

   - The current ratio is reported at 0.59, indicating that the company may face challenges in meeting its short-term obligations with its current assets. A ratio below 1 raises concerns about liquidity.