Varun Agro Processing Foods Limited (Varun Agro Processing) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Varun Agro Processing Foods Limited

Varun Agro Processing Foods Limited Standalone Balance Sheet (Rs. in crores).

Particulars	31-03-2024	31-03-2023
Equity
Equity share capital	22.66	22.66
Reserve & surplus	33.76	17.65
Non current liability
Long term borrowing	30.76	23.35
Current liabilities
Short term borrowings	33.43	32.74
Trade payables – dues of other creditors	35.86	7.86
Other current liabilities	0.56	0.24
Short term Provisions	5.03	0.34
Total equity and liabilities	162.08	104.85
Non-current assets
Total fixed assets	44.37	42.31
Deferred tax assets	0.85	0.08
Long term Loans & advances	0.38	0.58
Other non current assets	1.12	0.59
Current assets
Inventories	66.64	44.97
Trade receivables	41.30	9.96
Cash and bank balances	0.85	0.83
Short term loans and advances	5.47	4.63
Other current assets	1.08	61.29
Total	162.08	104.85

Varun Agro Processing Foods Limited Standalone Profit & Loss Statement (Rs. in crores ).

Particulars	31-03-2024	31-03-2023
Income
Revenue from Operations	151.15	101.42
Other Income	1.76	1.17
Total Income	152.90	102.59
Expenses
Cost of material consumed	120.52	92.72
Changes in inventories of finished goods	-14.03	-13.55
Employee benefit expense	1.40	0.99
Financial costs	5.20	4.22
Depreciation, depletion and amortisation expense	9.65	7.31
Other Expenses	10.21	10.44
Total Expenses	132.97	102.13
Profit/Loss Before Tax	19.93	0.46
Current tax	4.59	0.27
Deferred tax	-0.77	-0.20
Profit/ Loss after tax for the period	16.11	0.39
Earning per share
Basic	7.11	0.19
Diluted	7.11	0.19

Varun Agro Processing Foods Limited Standalone Cash Flow Statement (Rs. in crores ).

Particulars	31-03-2024	31-03-2023
Cash Flow from Operating Activities
Net Profit/(loss) Before Tax	19.93	0.46
Finance cost	5.21	4.52
Depreciation and amortisation	9.65	7.31
Other adjustment for which cash effects are investing or financing cash flow	-0.04	1.17
Working capital adjustments:
(Increase)/decrease in inventories	-21.67	-6.84
(Increase)/decrease in trade receivables	-31.34	-3.06
(Increase)/decrease in other current assets	0.31	-0.15
Increase/(decrease) in trade payables	28.00	0.79
Increase/(decrease) in other current liabilities	-0.35	-2.01
Increase/(decrease) in provisions	4.70	-0.02
Cash generated from operation	14.41	2.17
Income tax paid	4.59	-
Net cashflow from operating activities	9.82	2.17
Cash Flow from Investing Activities
Other cash receipt from sales of equity or debt instrument of other entities	-0.02	-0.05
Proceeds from sales of tangible assets	-11.72	2.17
Interest received	0.04	-1.17
Other inflow/(outflow) of cash	-0.33	-0.24
Net Cash from / (used in) Investing Activities	-12.03	0.70
Cash Flow from Financing Activities
Proceeds from borrowings	7.41	4.01
Interest paid	5.21	4.52
Net Cash from/(used in) Financing Activities	2.20	-0.51
Net Increase/decrease in Cash & cash equivalents	-0.0068	2.36
Cash and cash equivalents at the beginning of the year	-0.0068	2.36
Cash and cash equivalents at the end of the year	0.85	0.83

Summary of the Cash Flow Statement for the years 2024 and 2023:

Operating Cash Flow Analysis

The company’s operating performance improved significantly, with net cash flow from operating activities increasing from ₹2.17 crores to ₹9.82 crores. This improvement is mainly driven by a sharp rise in profit before tax from ₹0.46 crores to ₹19.93 crores. Non-cash expenses such as depreciation and finance costs also contributed positively to operating cash flow. Working capital changes had a mixed impact on cash flows. There was a substantial increase in inventories and trade receivables, indicating that more cash is tied up in stock and pending collections from customers. However, this was partly offset by a significant increase in trade payables, meaning the company delayed payments to suppliers, which supported cash flow. Overall, working capital adjustments limited the full benefit of increased profitability.

Investing Activities

Investing activities resulted in a net cash outflow of ₹12.03 crores, compared to a small inflow in the previous year. This indicates that the company made higher investments or had lower proceeds from asset sales. The negative cash flow suggests expansion or capital expenditure, which may support future growth but has reduced current cash availability.

Financing Activities

Financing activities generated a positive cash flow of ₹2.20 crores, compared to a negative flow in the previous year. This was mainly due to increased borrowings. However, interest payments remain significant, which indicates a rising cost of debt. The company appears to be relying on external funding to support its operations and investments.

Overall Cash Flow Position

The cash flow statement of Varun Agro Processing Foods Limited shows a relatively stable cash position during FY 2023–24. The net change in cash and cash equivalents is almost negligible, indicating that inflows and outflows were nearly balanced. Despite significant movements within different activities, the closing cash balance remained stable compared to the previous year.