Thanjavur Spinning Mill Unlisted Share Price

Thanjavur Spinning Mill Limited Balance Sheet (Rs in Lakhs)

Thanjavur Spinning Mill Limited Profit & Loss Statement (Rs in Lakhs)

Thanjavur Spinning Mill Limited Consolidated Cash Flow Statement (Rs in Lakhs)

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

Cash Flow from Operating Activities

2023-24: Net cash flow from operating activities is -₹12.01 lakhs, compared to -₹7.14 lakhs in 2022-23. This shows a further deterioration in the company 's ability to generate cash from its core operations.

The Net Profit before tax in 2023-24 is ₹30.62 lakhs, lower than ₹105.24 lakhs in the previous year, indicating a decline in profitability.

Interest received decreased significantly from ₹127.44 lakhs in 2022-23 to ₹36.61 lakhs in 2023-24, which could suggest lower income from interest-bearing assets.

The company faced an operating loss before working capital changes of ₹5.99 lakhs in 2023-24, which is slightly better than the ₹22.2 lakhs loss in 2022-23 but still reflects negative operating cash flow.

The adjustments for working capital changes indicate negative adjustments in other current liabilities and unutilized tax credit, contributing to the overall negative operating cash flow.

Cash Flow from Investing Activities

2023-24: Net cash generated from investing activities is ₹10.61 lakhs, compared to a significant positive inflow of ₹2,961.23 lakhs in 2022-23.

The major reason for the high cash inflow in 2022-23 was likely the repayment of loans by related parties, amounting to ₹2,833.79 lakhs, which did not recur in 2023-24 (instead, there is a -₹26 lakhs repayment entry).

The interest received in 2023-24 remained steady at ₹36.61 lakhs, a decrease from ₹127.44 lakhs in the prior year.

Cash Flow from Financing Activities

2023-24: There are no cash flows from financing activities in this period, compared to a significant outflow of ₹2,952.52 lakhs in 2022-23.

The outflows in 2022-23 were related to dividends paid on preference shares (₹99.86 lakhs), a reduction in equity shares (₹152.66 lakhs), and the redemption of 9% cumulative preference shares (totalling ₹2,700 lakhs). These large outflows did not recur in 2023-24.

Net Increase/Decrease in Cash and Cash Equivalents

The net change in cash and cash equivalents for 2023-24 is -₹1.4 lakhs, a slight decrease from the opening balance of ₹2.4 lakhs, leaving a closing balance of ₹1 lakh.

In contrast, the previous year 's net increase in cash was ₹1.57 lakhs, resulting in a more favorable cash position.

Financial Ratios of Thanjavur Spinning Mill Limited

Here is a summary of the financial and operational metrics for Thanjavur Spinning Mill Limited for the year 2024 and 2023:

Current Ratio

2024: 3.64%

2023: 3.58%

The current ratio measures the company’s ability to cover its short-term liabilities with its short-term assets. A ratio above 1 indicates a strong liquidity position. In both years, the current ratio is quite high, showing that the company has sufficient current assets to cover its liabilities. The slight increase from 3.58% to 3.64% in 2024 suggests a marginal improvement in liquidity.

Return on Equity (ROE) Ratio

2024: 3.42%

2023: 3.99%

ROE measures the profitability of the company relative to shareholders ' equity. It indicates how efficiently the company is using its equity base to generate profits. The decrease from 3.99% in 2023 to 3.42% in 2024 suggests a decline in profitability and the ability to generate returns for equity shareholders.

Return on Capital Employed (ROCE)

2024: 3.42%

2023: 3.99%

ROCE measures the efficiency of capital utilization in generating profits. It includes both equity and debt as part of the capital employed. The drop in ROCE from 3.99% to 3.42% indicates that the company has been less efficient in using its total capital (both equity and debt) to generate returns in 2024 compared to the previous year.

Return on Investment (ROI)

2024: 3.31%

2023: 3.92%

ROI measures the efficiency of the company in generating returns from its investments. The decline in ROI from 3.92% to 3.31% suggests that the company’s ability to generate profits from its invested capital has decreased, indicating weaker investment performance in 2024 compared to 2023.