Vanaz Engineers Annual Reports, Balance Sheet and Financials

Vanaz Engineers Limited Balance Sheet (Amt. in Lakhs)

Vanaz Engineers Limited Profit and Loss Statement (Amt. in Lakhs)

Vanaz Engineers Limited Cash Flow Statement (Amt. in Lakhs)

Here is the summary of cash flow statement for th FY 2023:

Cash Flows from Operating Activities

This section highlights cash generated or used by the company 's primary business operations. The profit before tax for FY 2023 stood at ₹6,340.87 Lakhs, a significant increase compared to ₹3,021.25 Lakhs in FY 2022, indicating improved operational performance. Adjustments for non-cash and non-operating items such as depreciation and amortization expenses contributed ₹176.18 Lakhs, while finance costs were ₹1.26 Lakhs. Other non-cash items, including unrealized gains and losses, reduced cash flow by ₹841.12 Lakhs in FY 2023.

Working capital adjustments further impacted operating cash flows. Inventory levels increased by ₹438.80 Lakhs, reflecting higher stockholding. Trade receivables rose significantly by ₹1,761.36 Lakhs, suggesting slower customer collections. However, trade payables increased by ₹1,344.33 Lakhs, indicating extended credit terms from suppliers. After accounting for income taxes paid of ₹1,503.73 Lakhs, the net cash flow from operating activities was ₹1,314.16 Lakhs in FY 2023, an improvement from ₹437.12 Lakhs in FY 2022.

Cash Flows from Investing Activities

This section reflects the cash used or generated from investments. Proceeds from the sale of tangible assets totaled ₹35.07 Lakhs in FY 2023, while purchases of tangible assets amounted to ₹159.97 Lakhs, showing increased investment in fixed assets. Interest income contributed a steady inflow of ₹841.12 Lakhs, while other cash outflows totaled ₹102.76 Lakhs. Overall, net cash flows from investing activities remained positive at ₹613.51 Lakhs in FY 2023, indicating that cash inflows exceeded the cash used for investments.

Cash Flows from Financing Activities

This section details the cash used for funding operations through borrowings and equity-related activities. There was a slight reduction in borrowings, with a net repayment of ₹5.60 Lakhs in FY 2023. A significant outflow of ₹1,723.84 Lakhs was attributed to dividend payments, reflecting the company 's commitment to shareholder returns. Other financing-related outflows amounted to ₹70.89 Lakhs. Consequently, net cash flows from financing activities were negative at ₹1,806.35 Lakhs in FY 2023, indicating a considerable cash outflow primarily driven by dividends.

Overall Cash Position

The overall net increase in cash and cash equivalents was ₹121.32 Lakhs in FY 2023, slightly lower than the ₹126.16 Lakhs recorded in FY 2022. This resulted in a closing cash balance of ₹440.73 Lakhs at the end of FY 2023, compared to ₹319.38 Lakhs at the end of FY 2022.