Xerox India Annual Reports, Balance Sheet and Financials

 Xerox India Limited Balance Sheet (Rs in Lakhs)

Xerox India Limited Profit & Loss Statement (Rs in Lakhs)

Xerox India Limited Cash Flow Statement (Rs in Lakhs) 

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

Cash Flow from Operating Activities:

Xerox India Limited’s operating activities generated a robust cash flow for the year, with a net cash inflow of ₹4,117.52 lakhs, a significant turnaround from the negative cash flow of ₹2,715.95 lakhs in the previous year. The operating profit before working capital changes decreased slightly to ₹2,660.29 lakhs from ₹2,764.27 lakhs in 2023. Despite this, the company improved its cash flow through better management of working capital. Key adjustments include a substantial decrease in depreciation and amortization from ₹1,091.05 lakhs to ₹704 lakhs, lower finance costs, and increased interest income. Notably, there was a decrease in trade receivables, signaling improved collection efficiency, and a significant reduction in inventory and other current assets, reflecting better inventory management. Increased trade payables and other financial liabilities contributed positively, offsetting a decrease in other non-current liabilities. This efficient operational cash flow management enabled the company to generate substantial cash from operations despite paying higher income taxes.

Cash Flow from Investing Activities:

The cash flow from investing activities shows a net inflow of ₹255.58 lakhs for the year, compared to a net outflow of ₹651.99 lakhs in 2023. The company invested ₹291.61 lakhs in property, plant, equipment, and intangible assets, which is less than the ₹608.55 lakhs invested in the previous year. The decrease in capital expenditure reflects a reduction in investment in long-term assets. Proceeds from the sale of property, plant, and equipment increased to ₹26.28 lakhs from ₹10.25 lakhs, and interest received rose to ₹516.12 lakhs from ₹292.35 lakhs. These positive cash inflows, combined with minimal outflow for fixed deposits, contributed to the overall net inflow in investing activities.

Cash Flow from Financing Activities:

In the financing activities, Xerox India Limited reported a net cash outflow of ₹160.09 lakhs, slightly higher than the previous year 's outflow of ₹156.54 lakhs. This outflow primarily consists of payments related to lease liabilities and interest on delayed tax payments. The consistency in these payments indicates stable financing costs. There were no significant changes in the company’s financing structure, reflecting a steady approach to managing financial obligations.

Net Increase in Cash and Cash Equivalents:

The overall net increase in cash and cash equivalents was ₹4,213.01 lakhs, a substantial improvement from the decrease of ₹3,524.48 lakhs in 2023. This increase is mainly due to strong cash flows from operating activities and improved cash management in investing activities. Cash and cash equivalents at the end of the year rose to ₹13,911.17 lakhs from ₹9,698.16 lakhs at the beginning of the year. This positive cash position indicates that the company effectively managed its cash flows, increased its liquidity, and strengthened its financial position.

Components of Cash and Cash Equivalents:

At the end of the year, cash and cash equivalents included:

EEFC Account: ₹312.56 lakhs, up from ₹5.91 lakhs.

In Current Accounts: ₹1,533.61 lakhs, down from ₹2,592.25 lakhs.

Demand Deposits: ₹12,065 lakhs, up from ₹7,100 lakhs.

These components reflect a higher balance in demand deposits, indicating a shift towards more liquid assets.

 Financial Ratios of Xerox India Limited

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

Current Ratio: The current ratio measures a company 's ability to cover its short-term liabilities with its short-term assets. For 2024, the current ratio is 2.49, down from 2.8 in 2023. This decline suggests a slight reduction in the company’s liquidity position. Although the company still has more than twice its short-term liabilities covered by short-term assets, the decrease indicates a marginally tighter liquidity situation compared to the previous year.

Return on Equity (ROE): ROE reflects the profitability of a company relative to shareholders ' equity. The ratio increased to 7.43% in 2024 from 5.63% in 2023. This improvement indicates that the company has become more effective at generating profit from its equity base. It suggests enhanced profitability and more efficient use of shareholders ' funds.

Inventory Turnover Ratio: This ratio measures how effectively a company manages its inventory by calculating how many times inventory is sold and replaced over a period. For 2024, the inventory turnover ratio is 114, significantly higher than 87 in 2023. This improvement suggests that the company is now selling and replenishing its inventory more quickly, indicating better inventory management and potentially stronger sales performance.

Trade Receivables Turnover Ratio: This ratio assesses how efficiently a company collects revenue from its trade receivables. The ratio remained stable at 57 for both 2024 and 2023. This consistency indicates that the company 's efficiency in collecting receivables has not changed year-over-year, maintaining effective credit and collection policies.

Trade Payables Turnover Ratio: The trade payables turnover ratio measures how quickly a company pays off its suppliers. In 2024, this ratio increased to 87 from 79 in 2023. This higher ratio implies that the company is taking longer to pay its suppliers, which might indicate better management of cash flow or changes in payment terms with suppliers.

Net Capital Turnover Ratio: This ratio evaluates how efficiently a company uses its capital to generate sales. The net capital turnover ratio decreased to 2.48 in 2024 from 2.67 in 2023. The decline suggests that the company is generating fewer sales per unit of capital employed, which might reflect a decrease in operational efficiency or increased capital investment not yet fully utilized.

Net Profit Ratio: The net profit ratio indicates the percentage of revenue that remains as profit after all expenses are deducted. For 2024, the ratio improved to 4.20% from 2.97% in 2023. This increase highlights a significant improvement in profitability, as the company is able to convert a larger portion of its revenue into profit.

Return on Capital Employed (ROCE): ROCE measures a company 's efficiency in generating profit from its capital employed. The ratio remained consistent at 11% for both 2024 and 2023, indicating stable performance in utilizing capital to generate profits. This steady ratio suggests that the company has maintained its efficiency in employing capital over the two years.

Return on Investment (ROI): ROI evaluates the return on investments made by the company. It increased to 5% in 2024 from 3% in 2023. This rise indicates that the company’s investments are yielding better returns, reflecting improved investment performance and value creation.