Scottish Assam Annual Reports, Balance Sheet and Financials

Power Exchange India Limited Balance Sheet (Rs in Thousands)

 Power Exchange India Limited Profit & Loss Statement (Rs in Thousands)

 Power Exchange India Limited Consolidated Cash Flow Statement (Rs in Thousands)

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

Cash Flow from Operating Activities

In 2024, the company reported a net profit before tax and extraordinary items of ₹1,380.47 lakhs, a significant increase from ₹494.78 lakhs in 2023. Despite this increase, adjustments for various non-cash items and changes in working capital led to a negative operating cash flow of ₹-324.04 lakhs, compared to a positive cash flow of ₹274.38 lakhs in the previous year.

Key adjustments include:

Depreciation increased to ₹68.42 lakhs from ₹62.94 lakhs, reflecting ongoing capital asset usage.

Finance Costs rose substantially to ₹38.28 lakhs from ₹11.9 lakhs, indicating higher interest expenses.

Net Gain on Financial Assets saw a significant negative shift, with a loss of ₹1,586.66 lakhs compared to ₹246.03 lakhs in 2023, suggesting deteriorated financial asset performance.

Change in Fair Value of Biological Assets and Net Gain on Employee Benefit Obligations show adjustments in non-operating items impacting the cash flow.

The working capital adjustments showed cash outflows from changes in trade receivables, loans, inventories, and other assets, which contributed to the negative cash flow from operating activities.

Cash Flow from Investing Activities

Investing activities resulted in a net inflow of ₹110.65 lakhs in 2024, compared to an outflow of ₹-89.47 lakhs in 2023. This change is primarily due to:

Purchase of Property, Plant, and Equipment reduced to ₹33.71 lakhs from ₹125.42 lakhs, reflecting lower capital expenditure.

Sale of Non-Current Investments generated an inflow of ₹140.85 lakhs, a notable increase from ₹32.63 lakhs, indicating a strategic divestment or improved investment performance.

Interest Received also increased to ₹2.99 lakhs from ₹1.89 lakhs.

Cash Flow from Financing Activities

The financing activities resulted in a net inflow of ₹63.82 lakhs in 2024, reversing the outflow of ₹-110.33 lakhs in 2023. Significant changes include:

Increase in Short-Term Borrowings of ₹165.98 lakhs, a recovery from the previous year’s decrease.

Dividend Paid increased to ₹64 lakhs from ₹48 lakhs, reflecting higher returns to shareholders.

Finance Costs Paid rose to ₹38.16 lakhs from ₹11.9 lakhs.

Net Change in Cash and Cash Equivalents

Overall, the company experienced a net decrease in cash and cash equivalents of ₹149.58 lakhs in 2024, compared to an increase of ₹74.58 lakhs in 2023. This resulted in an ending cash balance of ₹42.92 lakhs, down from ₹192.5 lakhs at the beginning of the year.

Financial Ratios of Power Exchange India Limited

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

Current Ratio: The current ratio decreased from 0.80 in 2022-23 to 0.64 in 2023-24. This decline indicates a weakening in the company’s ability to cover its short-term liabilities with its short-term assets. A current ratio below 1.0 suggests potential liquidity issues.

Debt to Equity Ratio: The debt to equity ratio increased slightly from 0.05 in 2022-23 to 0.06 in 2023-24. Although still very low, this slight increase indicates a marginal rise in the company’s reliance on debt relative to equity. Overall, the company remains minimally leveraged.

Debtors Turnover Ratio: The debtors turnover ratio decreased significantly from 132.86 in 2022-23 to 72.21 in 2023-24. This decline suggests a slower collection of receivables, indicating that the company is taking longer to collect payments from its customers.

Inventory Turnover Ratio: The inventory turnover ratio also decreased from 27.79 in 2022-23 to 19.51 in 2023-24. This reduction indicates that inventory is turning over more slowly, suggesting either slower sales or increased inventory levels relative to sales.

Operating Profit Margin: The operating profit margin turned negative at -5.47% in 2023-24, down from a positive 7.63% in 2022-23. This drastic drop indicates that the company is facing operational challenges, resulting in operational losses instead of profits.

Net Profit Margin: Despite the negative operating profit margin, the net profit margin increased significantly from 9.85% in 2022-23 to 36.94% in 2023-24. This suggests that non-operating income, such as gains on investments or other financial activities, substantially contributed to overall profitability, offsetting the operational losses.

Return on Net Worth (ROE): ROE increased from 5.65% in 2022-23 to 15.03% in 2023-24. This substantial improvement indicates that the company’s overall return to shareholders has improved significantly, driven by the net profit margin, despite operational difficulties.

Interest Coverage Ratio: The interest coverage ratio decreased from 42.58 in 2022-23 to 37.07 in 2023-24. Although this ratio remains high, indicating a strong ability to cover interest expenses with operating income, the decline suggests a slight reduction in the company's earnings relative to its interest expenses.

FAQ Related to Scottish Assam India Limited 

Q.1) Is Scottish Assam India Limited is a private or public company?

The Scottish Assam (India) Ltd is a Public incorporated on 27 September 1977.

 Q.2) Do Scottish Assam India Limited Listed or not?

The Scottish Assam India Limited is an unlisted company.

Q.3) In which field the work of Scottish Assam India Limited?

The Company was incorporated in the year 1977 with a garden named 'Heeleakah Tea Estate ' of about 950 Hectares. Heeleakah is also brand name of the tea produced by the company and became a popular brand among the upper Assam teas. In the year 2012 Company started manufacturing teas from bought leaf marked as 'Dhopatbari ', which is also doing well since then.

Q.4) What is the state of the Scottish Assam India ltd incorporation?

The state in which company is incorporated is Kolkata.