Vimla Fuels and Metals Annual Reports, Balance Sheet and Financials

Vimla Fuels & Metals Limited Standalone Balance Sheet (Rs in Lakhs)

Particulars	31-03-2023	31-03-2022
Equity and Liabilities
Share Capital	1,900.00	1,900.00
Reserves and Surplus	8,586.66	4,523.28
Non-Current Liabilities
Long-term Borrowings	897.11	1,143.06
Deferred Tax Liabilities (Net)	67.07	-7.23
Current Liabilities
Short-term Borrowings	1,091.99	1,215.55
Trade Payables	19,471.24	5,036.78
Other Current Liabilities	1,189.50	1,669.80
Short-term Provisions	1,486.46	1,446.74
Total Equity and Liabilities	34,690.03	16,927.98
Assets
Non-Current Assets
Fixed Assets	871.35	1,072.51
Non-Current Investments	1,391.51	0.00
Current Assets
Inventories	7,033.60	3,798.32
Trade Receivables	14,270.65	5,929.60
Cash and Bank Balances	1,030.45	225.78
Short-term Loans and Advances	10,092.47	5,901.77
Total Assets	34,690.03	16,927.98

Vimla Fuels & Metals Limited Standalone Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2023	31-03-2022
Revenue from Operations	71,275.48	67,328.57
Other Income	598.18	47.47
Total Revenue	71,873.66	67,376.04
Expenses
Cost of Materials Consumed	63,648.89	54,822.20
Changes in Inventories	-2,628.57	-242.93
Employee Benefit Expense	109.61	374.51
Finance Costs	581.88	288.60
Depreciation Expense	99.12	53.92
CSR Expenditure	40.00	0.00
Other Expenses	4,204.85	6,404.03
Total Expenses	66,055.78	61,700.33
Profit Before Tax	5,817.88	5,675.71
Tax Expense
Current Tax	1,486.46	1,446.74
Deferred Tax	74.30	-4.09
Total Tax Expense	1,560.76	1,442.65
Total profit (loss) for period	4,257.12	4,233.06
Earnings Per Equity Share
Basic Earnings Per Share	22.41	22.28
Diluted Earnings Per Share	22.41	22.28

Vimla Fuels & Metals Limited Standalone Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2023	31-03-2022
Cash Flows Used in Operating Activities
Profit Before Extraordinary Items and Tax	5,817.88	5,675.71
Adjustments:
Adjustments for Finance Costs	255.79	281.5
Adjustments for Depreciation and Amortisation Expense	99.12	53.92
Other Adjustments (Investing or Financing Cash Flow)	-261.77	-47.47
Adjustments for Working Capital
Adjustments for Decrease (Increase) in Inventories	-3,235.28	-522.23
Adjustments for Decrease (Increase) in Trade Receivables	-8,341.05	-3,150.91
Adjustments for Decrease (Increase) in Other Current Assets	-4,190.70	-4,768.93
Adjustments for Increase (Decrease) in Trade Payables	14,434.47	1,714.83
Adjustments for Increase (Decrease) in Other Current Liabilities	-480.30	841.57
Net Cash Flows from (Used in) Operations	4,098.16	77.99
Income Taxes Paid (Refund)	1,640.48	48.95
Net Cash Flows from (Used in) Operating Activities	2,457.68	29.04
Cash Flows Used in Investing Activities
Proceeds from Sales of Tangible Assets	113.59	0.00
Purchase of Tangible Assets	-11.55	-736.86
Interest Received	261.77	47.47
Other Inflows (Outflows) of Cash	-1,391.51	0.00
Net Cash Flows from (Used in) Investing Activities	-1,027.70	-689.39
Cash Flows Used in Financing Activities
Proceeds from Borrowings	0.00	883.27
Repayments of Borrowings	-369.52	0.00
Interest Paid	-255.79	-281.50
Net Cash Flows from (Used in) Financing Activities	-625.31	601.77
Net Increase (Decrease) in Cash and Cash Equivalents	804.67	-58.58
Cash and Cash Equivalents at End of Period	1,030.45	225.78

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

Operating Activities

Profit Before Extraordinary Items and Tax:

Increased from 5,675.71 lakhs in 2022 to 5,817.88 lakhs in 2023, indicating stable operational performance.

Adjustments:

Finance Costs: Decreased from 281.50 lakhs to 255.79 lakhs, showing improved management of financing costs.

Depreciation and Amortization Expense: Increased significantly from 53.92 lakhs to 99.12 lakhs, likely due to higher capital investments.

Other Adjustments: Cash outflows shifted from -47.47 lakhs to -261.77 lakhs, reflecting changes in investing or financing cash flows.

Working Capital Adjustments:

Inventories: Increased outflow from -522.23 lakhs to -3,235.28 lakhs, possibly indicating overstocking or reduced sales.

Trade Receivables: Increased from -3,150.91 lakhs to -8,341.05 lakhs, suggesting longer collection periods or higher credit sales.

Other Current Assets: Slight decrease in outflow from -4,768.93 lakhs to -4,190.70 lakhs, showing some stability.

Trade Payables: A substantial increase in inflow from 1,714.83 lakhs to 14,434.47 lakhs, indicating better management of supplier payments.

Other Current Liabilities: Outflow shifted from 841.57 lakhs to -480.30 lakhs, indicating changes in short-term obligations.

Net Cash Flows from Operations:

Increased significantly from 77.99 lakhs to 4,098.16 lakhs, reflecting improved operational efficiency.

Income Taxes Paid:

Increased from 48.95 lakhs to 1,640.48 lakhs, which aligns with the rise in profits.

Net Cash Flows from Operating Activities:

Rose from 29.04 lakhs to 2,457.68 lakhs, indicating strong cash generation from core operations.

Investing Activities

Proceeds from Sales of Tangible Assets:

Recorded 113.59 lakhs in 2023, up from 0.00 lakhs in 2022, indicating some asset disposals.

Purchase of Tangible Assets:

Decreased significantly from -736.86 lakhs to -11.55 lakhs, suggesting a slowdown in capital expenditures.

Interest Received:

Increased from 47.47 lakhs to 261.77 lakhs, reflecting better returns on cash reserves.

Other Inflows (Outflows) of Cash:

A significant outflow of -1,391.51 lakhs in 2023, indicating major expenditures or investments not classified elsewhere.

Net Cash Flows from Investing Activities:

Overall, cash outflow rose from -689.39 lakhs to -1,027.70 lakhs, reflecting a net investment position despite lower capital spending.

Financing Activities

Proceeds from Borrowings:

No new borrowings in 2023, compared to 883.27 lakhs in 2022, indicating a shift in financing strategy.

Repayments of Borrowings:

New repayments of -369.52 lakhs in 2023 indicate efforts to reduce debt.

Interest Paid:

Slight decrease from -281.50 lakhs to -255.79 lakhs, consistent with reduced borrowings.

Net Cash Flows from Financing Activities:

Turned negative from 601.77 lakhs in 2022 to -625.31 lakhs in 2023, indicating cash outflows due to debt repayment activities.

Overall Cash Position

Net Increase (Decrease) in Cash and Cash Equivalents:

Improved from -58.58 lakhs in 2022 to 804.67 lakhs in 2023, showing a recovery in liquidity.

Cash and Cash Equivalents at End of Period:

The ending cash balance rose from 225.78 lakhs to 1,030.45 lakhs, indicating a stronger financial buffer going forward.