Zel Jewellers Annual Reports, Balance Sheet and Financials

ZEL Jewellers Limited Balance Sheet (in Thousands)

ZEL Jwellers Limited Profit & Loss Statement (in Thousands)

ZEL Jwellers Limited Consolidated Cash Flow Statement (in Thousands)

Here is a summary of the Cash Flow Statement for the years 2023 and 2022:

Operating Activities:

The company 's operating profit before working capital changes increased significantly from ₹45,235.86 in 2022 to ₹64,950.51 in 2023, primarily driven by higher adjustments for depreciation, amortization, and interest expenses.

Despite a substantial increase in trade receivables in 2023, the company managed to generate higher cash from operations, totalling ₹1,08,768.24 compared to ₹53,221.07 in 2022.

Direct taxes paid also increased in 2023, resulting in a higher net cash generated by operating activities.

Investing Activities:

The company made significant payments for property, plant, and equipment in both 2023 and 2022, resulting in a net cash outflow from investing activities.

Additionally, there were repayments of security deposits and investments in security deposits, contributing to the net cash outflow in both years.

Financing Activities:

In 2023, the company received proceeds from loans, current borrowings, and non-current lease liabilities, indicating additional financing activities during the year.

However, in 2022, there were no proceeds from loans, and there was a net cash outflow from financing activities.

Interest paid increased in both years, reflecting the company 's borrowing activities.

Overall, there was a higher net cash outflow from financing activities in 2023 compared to 2022.

Net Increase/(Decrease) in Cash and Cash Equivalents:

Despite a higher net cash generated from operating activities in 2023, the net increase in cash and cash equivalents during the year was ₹4,247.56, compared to a decrease of ₹776.85 in 2022.

Cash and cash equivalents at the end of the year increased to ₹6,932.88 in 2023 from ₹2,685.31 in 2022, indicating improved liquidity.

Financial Ratios of ZEL Jwellers Limited

Here is a summary of the financial and operational metrics for ZEL Jwellers Limited for the years 2023 and 2022:

Current Ratio:

The current ratio increased from 2.43 in 2022 to 3.17 in 2023, indicating an improvement in the company 's short-term liquidity position. This suggests that the company has sufficient current assets to cover its short-term liabilities.

Debt Equity Ratio:

The debt equity ratio decreased from 0.61 in 2022 to 0.33 in 2023. This indicates a reduction in the company 's reliance on debt financing relative to equity financing. A lower ratio signifies better financial stability and lower risk.

Debt Service Coverage Ratio:

The debt service coverage ratio decreased from 3.92 in 2022 to 3.01 in 2023. Although it decreased, it still indicates that the company is generating sufficient operating income to cover its debt obligations, albeit at a slightly lower rate compared to the previous year.

Return on Equity Ratio:

The return on equity ratio increased from 10.12% in 2022 to 12.4% in 2023. This indicates that the company generated higher profits relative to shareholders ' equity in 2023. It reflects improved profitability and efficiency in utilizing shareholders ' funds.

Inventory Turnover Ratio:

The inventory turnover ratio increased from 1.11 in 2022 to 1.46 in 2023. This indicates that the company sold its inventory more efficiently in 2023 compared to the previous year. It suggests effective inventory management or increased demand for the company 's products.

Trade Payable Turnover Ratio:

The trade payable turnover ratio increased significantly from 17.32 in 2022 to 106.86 in 2023. This suggests that the company paid its suppliers at a much faster rate in 2023, indicating improved liquidity or renegotiated payment terms.

Net Capital Turnover Ratio:

The net capital turnover ratio increased from 2.12 in 2022 to 2.44 in 2023. This indicates that the company generated more revenue per unit of capital employed. It reflects improved efficiency in utilizing capital to generate sales.

Net Profit Ratio:

The net profit ratio increased from 4.69% in 2022 to 5.09% in 2023. This indicates that the company generated a higher proportion of profits relative to its total revenue in 2023. It reflects improved profitability and effective cost management.

Return on Capital Employed:

The return on capital employed increased from 10.15% in 2022 to 13.75% in 2023. This indicates that the company generated higher returns relative to the capital employed in its operations in 2023. It reflects improved efficiency in utilizing capital to generate profits.

Dividend History / NA