Calcutta Stock Annual Reports, Balance Sheet and Financials

The Calcutta Stock Exchange Limited Balance Sheet (Rs in Thousands)

 The Calcutta Stock Exchange Limited Profit & Loss Statement (Rs in Thousands)

 The Calcutta Stock Exchange Limited Consolidated Cash Flow Statement (Rs in Thousands)

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

Cash Flow from Operating Activities: The company reported a net cash outflow of ₹10,41,811 thousand from operating activities, a considerable increase from the outflow of ₹6,39,973 thousand in 2023. Despite a profit before tax and contributions increasing substantially to ₹89,664 thousand from ₹44,951 thousand, various adjustments and working capital changes led to a higher cash used in operations. Adjustments for non-cash items included depreciation and amortization, changes in provisions for doubtful debts, and interest income and expense, which collectively reduced the operational cash flow. The significant movements in working capital were particularly impactful. For instance, there were large decreases in current liabilities and a notable increase in assets related to the Settlement Guarantee Fund (SGF), leading to a higher net cash used in operations.

Cash Flow from Investing Activities: The investing activities resulted in a net cash outflow of ₹10,83,952 thousand, compared to ₹6,62,515 thousand the previous year. This change reflects substantial investments in fixed deposits and other assets, exceeding proceeds from sales and maturities. Large investments in SGF-related fixed deposits and a net outflow from fixed deposits and mutual funds contributed to this significant outflow. The company also saw inflows from interest on fixed deposits and dividends, but these were insufficient to offset the major investments and withdrawals.

Cash Flow from Financing Activities: The cash flow from financing activities showed a small net outflow of ₹1,051 thousand, similar to the previous year 's outflow of ₹1,091 thousand. This minor decrease reflects the payment of dividends, which was relatively consistent year-over-year.

Net Change in Cash and Cash Equivalents: Overall, the company experienced a net decrease in cash and cash equivalents of ₹43,192 thousand for 2024, compared to a decrease of ₹23,633 thousand in 2023. This decrease was primarily driven by the substantial outflows from investing activities and the higher cash used in operations. Consequently, the cash and cash equivalents at the end of the year dropped to ₹23,691 thousand from ₹66,883 thousand at the beginning of the year.

Components of Cash and Cash Equivalents: At the end of the fiscal year, the cash balance included cash on hand, own funds, and amounts held in investor and settlement guarantee funds. The notable reduction in cash on hand and own funds from the previous year highlights the impact of the large outflows during the year.

 Financial Ratios of Calcutta Stock Exchange Limited

Here is a summary of the financial and operational metrics for The Calcutta Stock Exchange Limited for the year 2024 and 2023:

Current Ratio: The current ratio, which measures a company’s ability to cover short-term liabilities with short-term assets, improved significantly from 1.03 to 1.43. This increase indicates an enhanced liquidity position, suggesting that the company is now better equipped to meet its short-term obligations. A ratio above 1.0 generally signals a comfortable liquidity position, reducing the risk of liquidity problems.

Return on Equity (ROE) Ratio: The ROE ratio, which reflects the return generated on shareholders ' equity, remained unchanged at 0.20% for both years. This stability suggests that the company 's ability to generate profit from its equity base has not improved. Despite changes in other financial metrics, the return on equity has remained constant, indicating modest or stagnant profitability in relation to shareholders ' investment.

Trade Receivables Turnover Ratio: This ratio measures how efficiently a company collects its receivables. The increase from 3.3 to 7.4 signifies a notable improvement in the efficiency of receivables collection. A higher turnover ratio indicates that the company is now collecting its receivables faster, improving cash flow and reducing the risk of bad debts.

Trade Payable Turnover Ratio: The trade payable turnover ratio, which assesses how quickly a company pays its suppliers, decreased from 3.49 to 3.23. This decrease suggests that the company is taking slightly longer to settle its payables. While the ratio still indicates a relatively efficient payment cycle, the decline might reflect changes in payment terms or cash flow management.

Net Capital Turnover Ratio: This ratio evaluates how effectively the company uses its capital to generate revenue. The sharp decline from 1.83 to 0.28 indicates a significant drop in revenue generation efficiency per unit of capital employed. This reduction may suggest issues with capital utilization or a decrease in operational efficiency, impacting overall revenue performance.

Net Profit Ratio: The net profit ratio measures the percentage of revenue that translates into net profit. The slight decrease from 6.93% to 6.49% indicates a minor decline in profitability. While still a positive margin, the reduction suggests that the company 's profitability as a proportion of its revenue has slightly decreased, potentially due to higher costs or lower revenue growth.

Return on Investment (ROI): ROI assesses the return generated on total investments. The increase from 7.40% to 7.79% reflects an improvement in the efficiency of investments, indicating that the company is generating a higher return on its investments compared to the previous year. This positive change suggests better investment performance and potentially higher returns on deployed capital.

Return on Capital Employed (ROCE) Ratio: ROCE measures the return on the total capital employed in the business. The substantial increase from 1.06% to 3.77% indicates a significant improvement in the efficiency of capital utilization. This higher ratio suggests that the company is generating a better return on the capital it employs, reflecting improved operational efficiency and profitability.