The Mysore Lamp Work Annual Reports, Balance Sheet and Financials

The Mysore Lamp Works Limited Balance Sheet (Rs in Thousands)

The Mysore Lamp Works Limited Profit & Loss Statement (Rs in Thousands)

The Mysore Lamp Works Limited Consolidated Cash Flow Statement (Rs in Thousands)

Here is a summary of the Cash Flow Statement for the years 2022 and 2021:

Net Profit / (Loss) before extraordinary items and tax: The company 's net profit before considering extraordinary items and taxes was -1,42,577 for the year ending March 31, 2022, and -1,79,284 for the year ending March 31, 2021. This indicates a decrease in net profit from the previous year.

Adjustments for:

Depreciation and Amortisation: The depreciation and amortization expenses were 17 for the year ending March 31, 2022, and 15 for the year ending March 31, 2021.

Finance costs: Finance costs increased from 1,26,840 in 2021 to 1,32,444 in 2022.

Interest Income: Interest income decreased slightly from -357 in 2021 to -272 in 2022.

Rental income from operating leases: The rental income from operating leases was -1,359 in 2022 and -1,292 in 2021.

Operating Profit / (Loss) before working capital changes: The operating profit before considering working capital changes was -11,747 for the year ending March 31, 2022, and -54,077 for the year ending March 31, 2021. There was an improvement in operating profit in 2022 compared to 2021.

Working Capital Changes:

Short-term loans and advances: There were a decrease from 1 in 2021 to -54 in 2022.

Long-term loans and advances: There were a decrease from 16,025 in 2021 to 3,270 in 2022.

Other current assets: There was an increase from -368 in 2021 to 154 in 2022.

Other current liabilities: There was a decrease from 1,82,384 in 2021 to 62,790 in 2022.

Trade Payables: There was a decrease from -22,892 in 2021 to -8,626 in 2022.

Long-term provisions: There was a decrease from -6,313 in 2021 to -710 in 2022.

Net cash flow from / (used in) operating activities: There was a decrease in net cash flow from operating activities from 1,14,813 in 2021 to 45,031 in 2022.

Cash flow from investing activities: There was a decrease in net cash flow from investing activities from 1,919 in 2021 to 1,512 in 2022.

Cash flow from financing activities: There was a decrease in net cash flow from financing activities from -1,26,840 in 2021 to -74,726 in 2022.

Net increase / (decrease) in Cash and Cash equivalents: There was a decrease in net cash and cash equivalents from -10,108 in 2021 to -28,182 in 2022.

Cash and Cash equivalents at the beginning and end of the year: Cash and cash equivalents were 19,220 at the beginning and -8,962 at the end of 2022, whereas they were 38,119 at the beginning and 28,012 at the end of 2021.

Financial Ratios of The Mysore Lamp Works Limited

Here is a summary of the financial and operational metrics for The Mysore Lamp Works Limited for the years 2022 and 2021:

Current Ratio: The current ratio declined sharply from 0.009 in 2021 to 0.002 in 2022. This suggests a substantial decrease in the company 's ability to cover its short-term liabilities with its short-term assets. A current ratio below 1 indicates potential liquidity issues, as the company may struggle to meet its short-term obligations.

Debt Equity Ratio: The debt equity ratio also worsened, dropping from -1,045 in 2021 to -1,038 in 2022. While a negative debt equity ratio may seem unusual, it typically indicates that the company has more equity than debt. However, the significant negative values suggest an imbalance, potentially indicating excessive debt or very low equity, which can pose financial risks.

Debt Service Coverage Ratio: The debt service coverage ratio decreased from -0.056 in 2021 to -0.04 in 2022. A negative debt service coverage ratio indicates that the company 's operating income is insufficient to cover its debt obligations. This decline suggests that the company 's ability to service its debt has deteriorated further, which could raise concerns among creditors and investors.

Dividend History/NA