Taparia Tools Annual Report

Taparia Tools Limited (Taparia Tools) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Taparia Tools Limited

Taparia Tools Limited Balance Sheet (Rs in lakhs)

Particulars	31-03-2024	31-03-2023
Assets
Non-Current Assets
Property, Plant and Equipment	1,361.15	1,376.57
Investment Property	554.87	-
Capital Work-in-Progress	-	561.85
Right of Use Assets (Premises)	31.65	57.95
Intangible Assets	7.12	6.33
Other Financial Assets	171.19	98.15
Income Tax Assets (Net)	187.62	3.2
Other Non-Current Assets	253.83	200.1
Total Non-Current Assets	2,567.43	2,304.15
Current Assets
Inventories	12,622.37	15,947.22
Investments	14,420.86	8,311.87
Trade Receivables	7,825.61	6,597.13
Cash and Cash Equivalents	1,083.13	659.05
Other Financial Assets	38.81	73.21
Income Tax Assets (Net)	1,100.00	-
Loans and Advances	9.76	6.47
Other Current Assets	1,290.26	1,010.45
Total Current Assets	38,390.80	32,605.40
Total Assets	40,958.23	34,909.55
Equity and Liabilities
Equity
Equity Share Capital	1,517.88	303.58
Other Equity	30,138.15	26,735.08
Total Equity	31,656.03	27,038.66
Non -Current Liabilities
Lease Liabilities	13.13	32.82
Provisions	190.53	276.92
Deferred tax liabilities (Net )	149.24	38.94
Total Non -Current Liabilities	352.90	348.68
Current Liabilities
Total outstanding dues of micro enterprises and small enterprises	165.32	43.66
Total outstanding dues of creditors other than micro enterprises and small enterprises	6,095.70	4,941.28
Lease Liabilities	19.70	24.74
Other financial liabilities	299.53	519.27
Provisions	99.69	132.53
Current tax liabilities (Net )	33.50	33.50
Other current liabilities	2.235.86	1,827.23
Total Current Liabilities	8,949.30	7,522.21
Total Liabilities	9,302.20	7,870.89
Total Equity and Liabilities	40,958.23	34,909.55

Taparia Tools Limited Profit & Loss Statement (Rs in lakhs)

Particulars	31-03-2024	31-03-2023
Income
Revenue from Operations	82,853.27	76,448.59
Other Income and Other Gains / (Losses)	913.59	438.96
Total Income	83,766.86	76,887.55
Expenses
Cost of Materials Consumed	4,154.61	4,663.62
Purchases of Stock-in-Trade	40,993.70	41,471.10
Changes in Inventories of Finished Goods,
Stock-in-Trade and Work-in-Progress	3,493.75	1,686.66
Employee Benefits Expense	3,970.42	3,683.89
Finance Costs	29.06	18.42
Depreciation and Amortization Expense	139.73	164.07
Other Expenses	17,642.74	15,527.37
Total Expenses	70,424.01	67,215.13
Profit Before Exceptional Items and Tax	13,342.85	9,672.42
Profit / (Loss) Before Tax	13,342.85	9,672.42
Current Tax	3,255.94	2,456.25
Excess Tax Provision for Earlier Years Written Back	-	-20.62
Deferred Tax	110.3	4.76
Income Tax Expenses	3,366.24	2,440.39
Profit / (Loss) for the Period	9,976.61	7,232.03
Gain on Remeasurement of the Defined Benefit Plans	77.14	-31.17
Income Tax Effect	-19.42	7.84
Other Comprehensive Income / (Loss) for the Year, Net of Tax	57.72	-23.33
Total Comprehensive Income for the Year, Net of Tax	10,034.33	7,208.70
Earnings Per Equity Share:
Basic (in Rs.)	65.73	47.65
Diluted (in Rs.)	65.73	47.65

Taparia Tools Limited Consolidated Cash Flow Statement (Rs in lakhs)

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Net Profit Before Tax	13,342.85	9,672.43
Depreciation of Assets	113.41	128.73
Amortization of Right to Use of Assets	26.32	35.33
Profit on Sale of Fixed Assets	-5.67	-0.72
Interest Income	-8.42	-57.69
Net Foreign Exchange Gains/(Losses)	-2.84	-5.35
Short-term Capital Gain	-	-196.5
Gain in Fair Value of Investment	-353.11	-73.05
Sundry Credit Balance Written Off	-0.03	-1.96
Bad Debts Written Off	32.6	0.53
Excess Provision of Income Tax	-	-20.62
Loss on Assets (Retirement)	8.4	-
Remeasurement of Defined Benefit Plans	-77.14	-
Finance Cost	29.06	18.42
Total	-237.42	-172.88
Operating Cash Flows Before Working Capital Changes	13,105.43	9,499.55
Changes in Working Capital:
Decrease/(Increase) in Inventories	3,324.83	1,602.99
Decrease/(Increase) in Trade Receivables	-1,263.07	-487.29
Decrease/(Increase) in Other Financial Assets (Current)	-248.71	394.73
Decrease/(Increase) in Other Assets (Non-Current)	(271.53)	-14.08
(Decrease)/Increase in Trade Payables	1,278.05	-595.59
(Decrease)/Increase in Other Current Liabilities	151	35.53
(Decrease)/Increase in Other Liabilities & Provisions	23.95	490.7
Changes in Working Capital	2,994.52	1,426.99
Cash Generated from Operations	16,099.95	10,926.55
Taxes	-3,255.94	-2,456.25
Taxes Paid for Earlier Years	-1,100.00	-
Net Cash Flow Generated from Operating Activities	11,744.01	8,470.30
Cash Flow from Investing Activities
Purchase of Fixed Assets	-107.38	-176.42
Sales of Fixed Assets	5.67	0.72
Interest Received	8.42	57.41
Sale/(Purchase) of Investments (Net)	-6,109.00	-4,333.93
Gain in Fair Value of Investment	353.11	73.05
Net Cash Flow from Investing Activities	-5,849.18	-4,379.17
Cash Flow from Financing Activities
Finance Cost	-23.98	-15.29
Expenses for Bonus Share Issue	-28.5	-
Payment of Lease Liabilities	-29.81	-41.37
Dividend Paid	-5,388.46	-3,946.48
Net Cash Flow (Used in) Financing Activities	-5,470.75	-4,003.14
Net Increase/(Decrease) in Cash and Cash Equivalents	424.08	87.99
Add: Cash and Cash Equivalents at the Beginning of the Year	659.05	571.06
Cash and Cash Equivalents at the End of the Year	1,083.13	659.05
Components of Cash and Cash Equivalents
Cash in Hand	2.31	6.01
With Banks (in Current Accounts)	1,080.82	653.04
Total Cash and Cash Equivalents	1,083.13	659.05

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

Cash Flow from Operating Activities

Analysis:

Increase in Net Profit before Tax: There is a significant increase in net profit before tax from ₹9,672.43 lakh to ₹13,342.85 lakh, reflecting improved operational performance.

Adjustments for Non-Cash Items: Depreciation, amortization, and other non-cash adjustments resulted in a net outflow of ₹-237.42 lakh, which is higher than the previous year’s outflow of ₹-172.88 lakh.

Cash Flows from Operating Activities: Despite higher non-cash adjustments, cash flows from operating activities improved significantly by ₹3,273.71 lakh, showing stronger cash generation from core operations.

Working Capital Changes: Significant changes in working capital items include higher inventories, improved trade payables, and increased other liabilities.

Cash Flow from Investing Activities

Analysis:

Purchase of Fixed Assets: Reduced by ₹69.04 lakh, indicating a decrease in capital expenditures.

Interest Received: Decreased significantly by ₹48.99 lakh.

Net Cash Flow from Investing Activities: Outflow increased by ₹1,470.01 lakh, largely due to a higher net purchase of investments.

Cash Flow from Financing Activities

Analysis:

Finance Cost: Increased by ₹8.69 lakh.

Expenses for Bonus Share Issue: New expense this year, resulting in a ₹28.50 lakh outflow.

Dividend Paid: Increased by ₹1,441.98 lakh.

Net Cash Flow from Financing Activities: The outflow increased by ₹1,467.61 lakh due to higher dividend payments and bonus share issue expenses.

Net Increase/(Decrease) in Cash and Cash Equivalents

Analysis:

Net Increase in Cash and Cash Equivalents: Increased by ₹336.09 lakh, showing improved liquidity.

End of Year Cash and Cash Equivalents: Ended with ₹1,083.13 lakh, reflecting a strong cash position compared to the previous year.

Financial Ratios of Taparia Tools Limited

Ratios	31-03-2024	31-03-2023
Current Ratio (Times)	4.27	4.27
Return on Equity Ratio (%)	31.51	26.75
Inventory Turnover Ratio (Times)	4.48	3.3
Trade Receivable Turnover Ratio (Times)	11.46	11.75
Trade Payable Turnover Ratio (Times)	9.06	11.98
Net Capital Turnover Ratio (Times)	2.85	3.17
Net Profit Ratio (%)	8.44	9.46
Return on Capital Employed (%)	32.7	35.77
Return on Investment (%)	4.01	3.25

Current Ratio

Current Ratio (2024): 4.27

Current Ratio (2023): 4.27

Analysis: The current ratio remains unchanged, reflecting consistent short-term financial health. A ratio of 4.27 indicates that the company has over four times the current liabilities in current assets, which is generally considered strong.

Return on Equity (ROE)

ROE (2024): 31.51%

ROE (2023): 26.75%

Change: +17.79%

Analysis: A significant improvement in ROE suggests that the company has been more effective in generating profits from shareholders ' equity. This is a positive indicator for investors as it shows better financial performance.

Inventory Turnover Ratio

Inventory Turnover Ratio (2024): 4.48 times

Inventory Turnover Ratio (2023): 3.30 times

Change: +35.76%

Analysis: The increase in inventory turnover ratio indicates that the company is managing inventory more efficiently, reducing holding costs, and increasing sales.

Trade Receivable Turnover Ratio

Receivable Turnover Ratio (2024): 11.46 times

Receivable Turnover Ratio (2023): 11.75 times

Change: -2.47%

Analysis: A slight decrease indicates a marginally longer time to collect receivables. The company might need to improve its credit collection processes.

Trade Payable Turnover Ratio

Payable Turnover Ratio (2024): 9.06 times

Payable Turnover Ratio (2023): 11.98 times

Change: -24.37%

Analysis: A decrease in this ratio suggests that the company is taking longer to pay its suppliers or has extended its payment terms. This might affect supplier relationships but can also reflect improved cash flow management.

Net Capital Turnover Ratio

Net Capital Turnover Ratio (2024): 2.85 times

Net Capital Turnover Ratio (2023): 3.17 times

Change: -10.09%

Analysis: The decrease indicates a slight decline in the efficiency of using capital to generate sales. The company may need to assess its capital allocation strategies.

Net Profit Ratio

Net Profit Ratio (2024): 8.44%

Net Profit Ratio (2023): 9.46%

Change: -10.78%

Analysis: The decline suggests that while sales have increased, the growth in expenses or other costs has reduced overall profitability.

Return on Capital Employed (ROCE)

ROCE (2024): 32.70%

ROCE (2023): 35.77%

Change: -8.58%

Analysis: The decrease in ROCE suggests a slight reduction in the efficiency of capital utilization. The company might need to review its investment strategies and operational efficiencies.

Return on Investment (ROI)

ROI (2024): 4.01%

ROI (2023): 3.25%

Change: +23.38%

Analysis: The improvement in ROI indicates that the company is achieving better returns on its investments, reflecting effective use of resources for earning profits.

Dividend history

Particulars	31-03-2024	31-03-2023
Final dividend per share (in Rs.)	77.50	77.50
Interim dividend per share (in Rs.)	20.00	77.50
Retained earnings (in lakhs)	26,225.18	23,825.55
Total	20,836.72	19,879.07

Taparia Tools Annual Reports, Balance Sheet and Financials

Taparia Tools Limited (Taparia Tools) Return Comparision with Primex 40 Index

Taparia Tools Limited Balance Sheet (Rs in lakhs)

Taparia Tools Limited Profit & Loss Statement (Rs in lakhs)

Taparia Tools Limited Consolidated Cash Flow Statement (Rs in lakhs)

Financial Ratios of Taparia Tools Limited

Dividend history

Taparia Tools Annual Report 2023-24

Taparia Tools Annual Report 2022-23

Taparia Tools Annual Report 2021-22

Financial Results for the Quarter and Half Year ended Sept, 2024

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