Financial Man

Financial Statemen
Section - O (
S no. Name
1 Madhav Agarwal
2 Anto Jovin
3 Uchita Gupta
4 Adnan
Financial Management-2
nancial Statement Analysis Report
Section - O (Group 02)
Enrollment number Seat No. Company
23BSPHH01C0384 6 Meghmani Finechem Ltd.
23BSPHH01C0029 8 Can Fin Homes Ltd.
23BSPHH01C0986 9 AAA Technologies Ltd.
23BSPHH01C0763 10 Anupam Rasayan India Ltd.
Name :
Enrollment Number:
Section:
Seat Number:

Company Name:
About the Company :- Meghmani Finechem Limited (“MFL”), incorporated in 2007, is a leading integrated manu
India. The company has state of the art manufacturing facilities in Gujarat, Dahej – a leading PCPIR region in the co
largest manufacturer of Caustic Soda, Chlorine and Hydrogen and a leading manufacturer of Caustic Potash, Chloro
Peroxide. MFL is strengthening its position in specialty chemical segment by expanding CPVC Resin capacity to 75
Chlorotoluene & value chain and setting up R&D centre. The company is focused on sustainable value creation for al
been awarded with the Responsible Care certificate.

Standalone Balance Sheet

Particulars
I. Assets
Non-Current Assets
(a) Property, Plant and Equipment
(b) Capital Work in Progress
(c) Intangible Assets
(d) Investment in Subsidiary
(e) Financial Assets
(i) Investments
(ii) Other Financial Assets
(f) Income Tax Assets (net)
(g) Other Non-Current Assets
Total Non-Current Assets
Current Assets
(a) Inventories
(b) Financial Assets
(i) Trade Receivables
(ii) Cash and Cash Equivalents
(iii) Loans
(iv) Bank Balances other than (ii) above
(v) Other Financial Assets
(c) Other Current Assets
Total Current Assets
Total Assets
II Equity and Liabilities
Equity
(a) Equity Share Capital
(b) Instruments entirely Equity in nature
(c) Other Equity
Total Equity
Liabilities
Non-Current Liabilities
(a) Financial Liabilities
(i) Borrowings
(ii) Lease Liabilities
(b) Provisions
(c) Deferred Tax Liabilities (net)
Total Non-Current Liabilities
Current Liabilities
(a) Financial Liabilities
(i) Borrowings
(ii) Lease Liabilities
(iii) Trade Payables
Total outstanding dues of Micro and Small Enterpr
Total outstanding dues of Creditors other than
Micro and Small Enterprise
(iv) Other Financial Liabilities
(b) Other Current Liabilities
(c) Provisions
(d) Current Tax Liabilities (net)
Total Current Liabilities
Total Liabilities
Total Equity and Liabilities
 Ratios

1. Current Ratio

2. Quick Ratio

3. Cash Ratio

4. Asset Turnover Ratio

5. Fixed Asset Turnover Ratio

6. Current Asset Turnover Ratio

7. Working Capital Turnover Ratio

8. Trade Receivables Turnover Ratio

9. Trade Receivables Period (Days)

10. Inventory Turnover Ratio

11. Inventory Period (Days)

12. Trade Payables Turnover Ratio

13. Trade Payables Period (Days)

14. Operating Cycle

15. Cash Cycle

16. Operating Profit Margin

17. Gross Profit Margin

18. Net Profit Margin

19. Return on Assets (ROA)

20. Return on Equity (ROE)

21. ROE Dupont Analysis

22. ROCE

23. Debt-Asset ratio

24. Debt-Equity Ratio

25. Interest Coverage Ratio

26. Debt Service Coverage Ratio

27. Fixed Charge Coverage Ratio

28. Net Working Capital to Total Assets Ratio

29. Equity Multiplier

30. Long Term Debt Ratio

31. Cash Coverage Ratio

32. Pay-out Ratio

33. Retention Ratio

34. EPS

35. P/E Ratio

36. Capitalization Rate

37. P/B Ratio

38. Dividend Yield

 Madhav Agarwal
23BSPHH01C0384
0
6

Meghmani Finechem Ltd.

inechem Limited (“MFL”), incorporated in 2007, is a leading integrated manufacturer of chemicals in
manufacturing facilities in Gujarat, Dahej – a leading PCPIR region in the country.MFL is India’s 4th
Chlorine and Hydrogen and a leading manufacturer of Caustic Potash, Chloromethanes and Hydrogen
sition in specialty chemical segment by expanding CPVC Resin capacity to 75,000 TPA, entering into
g up R&D centre. The company is focused on sustainable value creation for all its stakeholders and has
been awarded with the Responsible Care certificate.

Standalone Balance Sheet

(in Lakhs)

As at
March 31, 2023

1,77,885.52
15810.25
2519.43
5

2056.53
740.46
639.62
1623.48
201280.29

21182.82

16632.23
1419
14.47
 86.8
1824.63
784.98
41944.93
243225.22

4155.02
-
1,02,761.69
106916.71

54464.04
134.91
272.11
16673.4
71544.46

33150.34
126.93
-
840.51

10176.79
19268.92
1175.39
15.55
9.62
64764.05
136308.51
243225.22
 LIST OF RATIOS

Liquidity Ratio

Current Assets / Current Liabilities

(Current Assets - Inventories - Prepaid Expenses) / Current Liabilities

Cash / Current Liabilities

Effeciency/ Turnover Ratio

Total Sales / Average Total Assets

Total Sales / Average Fixed Assets (i.e. PPE CWIP ROU Intangible Assets &
Investment Properties)

Total Sales / Average Current Assets

Total Sales / Average Working Capital

Net Credit Sales / Average Trade Receivables

360 / Trade Receivables Turnover

Cost of Goods Sold / Average Inventory

360 / Inventory Turnover

Purchase of goods and services / Average Trade Payables

360 / Trade Payable Turnover

Days of Trade Receivables + Days of Inventory

Operating Cycle - Days of Trade Payables

Profitability Ratio

Operating Profit / Net Sales

Gross Profit / Net Sales

Net Profit / Net Sales

Net Profit / Average Total Assets

Net Profit / Average Equity

ROA*Leverage Multiplier [=Net Profit Ratio*Assets Turnover*Leverage Multiplier] [
where Leverage Multiplier=Average Asset / Average Equity]

Profit Before Interest & Taxes (PBIT) / Average Capital Employed (i.e. Equity &
Debt)

Capital Structure and Coverage Ratios

Total Debt (OR) Total Assets - Total Equity / Total Assets

Debt / Equity

Profit Before Interest & Taxes (PBIT) / Finance Cost

( Revenue from operations - Other Expenses ) / Total Debt Service

PBT / Finance Cost

Net Working Capital / Total Assets

Average Total Assets / Average Total Equity

Long Term Debt / ( Long Term Debt + Total Equity )

( Profit before Interest & Taxes (PBIT) + Depreciation ) / Interest

Other Ratios
Dividends Declared / Net Profit

1 - Pay out Ratio

Net Income (PAT) / Number of oustanding shares

Market Price per share / Earnings per share

Earnings per share / Market price per share

Market Capitalization / Equity

Dividend per share / Market price of the share

 Meghmani Finech
(in Lakhs) (in Lakhs)
As at As at
March 31, March 31,
2022 2021

1,03,940.33 1,07,065.16
58925.44 12583.73
2842.67 3165.9
5 5

- -
824.37 1035.8
255.24 245.07
884.15 2645.36
167677.2 126746.02

15413.89 5395.97

25632.4 11883.73
2503.54 68
22.69 11.42
 - -
187.69 183.8
929.21 586.26
44689.42 18129.18
212366.62 144875.2

4155.02 4155.27
- 21091.99
68441.93 43166.13
72596.95 68413.39

76814.4 34046.74
261.84 306
289.31 162.85
9175.12 3080.53
86540.67 37596.12

22121.8 19784.4
114.38 69.55
- -
915.25 248.01

7895.25 7056.92
18615.89 10961.38
2606.33 725.77
17.89 10.04
942.21 9.62
53229 38365.69
139769.67 76461.81
212366.62 144875.2
LIST OF RATIOS

2023 2022 2021

Liquidity Ratio

0.647657612518 0.839569031919 0.472536268734

0.320580785173 0.549992109564 0.331890551167

0.021910303633 0.047033384058 0.001772416969

ciency/ Turnover Ratio

0.960684326567 0.86828658526 0.571940746242

1.186261159788 1.053545572934 0.6537485753

5.052036980713 4.937841339985 4.570533802411

-13.9572093231 -10.7793755163 -4.09458103201

10.35570262889 8.26813106789 6.972560803721

 34.76345477474 43.5406740706 51.63095885917

6.622217680223 7.29856808263 7.155336297274

54.36245339309 49.32474369278 50.31210065377

0 0 0
0 0 0

89.12590816782 92.86541776338 101.9430595129

89.12590816782 92.86541776338 101.9430595129

Profitability Ratio

0.235122450437 0.244568621355 0.191489913774

0.238770732787 0.247219140581 0.194131718272

0.161468446555 0.162989265745 0.121698000833

0.15512020584 0.141521392988 0.069604045413

0.660995834982 0.696411626108 0.470251803046

 0.063567403844 0.058437608082 0

0.309554308533 0.289214821975 0.15173883928

ructure and Coverage Ratios

0.294149019579 0.40750599129 0.259506941147

0.669160695274 1.192070328023 0.549543298468

7.977225192436 8.6609592909 5.525151389209

3.470879317803 6.090686562576 2.056739059305

7.977225192436 8.6609592909 5.525151389209

-0.09381888934 -0.0402114984 -0.13968236109

2.537922963634 2.533444143174 2.117643929061

0.337487835445 0.514113552953 0.22431854585

9.640578484387 10.60144295711 8.051274829376

Other Ratios
5.87933722E-07 0 0

0.999999412066 1 1

85.04359959353 60.83895035971 24.26922179213

11.09607312614 16.44916610302 24.48244962649

0.090121972758 0.060793355343 594.17

8.42881886E-07 8.37423669E-07 5.97059957E-07

0.53% 0 0
 Meghmani Finechem Ltd.
Statement of Standalone Profit and Loss
(in Lakhs)

Particulars
Revenue
Revenue from Operations
Other Income
Total Income (A)
Expenses
Cost of Materials Consumed
Purchase of Traded Goods
Changes in Inventories of Finished Goods and Stock in Trade.
Employee Benefits Expense
Finance Costs
Depreciation and Amortization Expenses
Other Expenses
Total Expense (B)
Profit Before Tax (C) = (A-B)
Tax Expense:
Current Tax
Net Deferred Tax Expense /(Benefit)
Total Tax Expense (D)
Profit for the Year (E) = (C-D)
Other Comprehensive Income
Items that will not be reclassified to Profit or Loss in subsequent periods
Remeasurement Gain / (Loss) on Defined Benefit Plans
Income Tax effect on above
Total Other Comprehensive Income / (Loss) for the Year, net of Tax (F)
Total Comprehensive Income for the Year (G) = (E+F)
Earnings per Equity Share (face value of H10 each) (in H)
(i) Basic
(ii) Diluted
 Analysis

The current ratio, which assesses a company's short-term liquidity, decreased from 2022
to 2023, suggesting a potential weakening of the company's ability to cover immediate
liabilities. In 2021, the ratio was significantly lower, indicating a comparatively higher
risk of meeting short-term obligations.
In 2023, the quick ratio is 0.3206, indicating a potential challenge in meeting immediate
liabilities without relying on inventory and prepaid items. The ratio was higher in 2022,
suggesting a relatively stronger position, while 2021 had a similar level of liquidity
concern as in 2023.
In 2023, the cash ratio is 0.0219, indicating that the company has $0.0219 in cash for
every dollar of current liabilities. This suggests a reduced capacity to meet immediate
obligations solely through cash holdings. The ratio was higher in 2022, reflecting a
stronger cash position, while 2021 had an extremely low cash ratio.

In 2023, the ratio is 0.9607, indicating that the company generated approximately $0.96
in sales for every dollar of average total assets. This suggests an improvement in the
utilization of assets to generate revenue compared to the previous years.
In 2023, the ratio is 1.1863, suggesting that the company generated approximately $1.19
in sales for every dollar of fixed assets, showing improved efficiency compared to the
previous years. This positive trend may signify better utilization of fixed assets to
generate revenue.
The Current Asset Turnover Ratio increased from 2021 to 2023, reaching 5.0520. This
suggests that the company efficiently utilized its current assets to generate sales. The
rising trend indicates improved effectiveness in converting current assets into revenue
over the given period.
The Working Capital Turnover Ratio, which measures how effectively working capital
is utilized to generate sales, decreased from 2021 to 2023. In 2023, the ratio is -13.9572,
indicating that there's a significant decline in the efficiency of using working capital to
generate revenue. The negative value suggests potential issues in managing working
capital for revenue generation.

The Trade Receivables Turnover Ratio increased from 2021 to 2023, reaching 10.3557.
This indicates an improvement in how efficiently the company collects receivables,
suggesting a faster turnover of accounts receivable in generating sales. The rising trend
is generally positive, reflecting better management of trade receivables over the given
period.
The Trade Receivables Period (Days) decreased from 2021 to 2023, reaching 34.76
days. This indicates an improvement in the average number of days it takes for the
company to collect its receivables. A shorter period suggests more efficient
management of accounts receivable and quicker conversion of sales into cash. The
decreasing trend is generally positive for cash flow and liquidity.

The Inventory Turnover Ratio decreased slightly from 2021 to 2023, reaching 6.6222.
This suggests a modest decline in the efficiency of inventory turnover, indicating that
the company took a little longer to sell and replace its inventory in 2023 compared to
2021.
The Inventory Period (Days) increased from 2022 to 2023, reaching 54.36 days. This
indicates a lengthening of the average time it takes for the company to sell and replace
its inventory. The upward trend suggests a potential slowdown in inventory turnover,
which may impact liquidity and cash flow.
There is no Trade Payables Turnover Ratio
There is no Trade Payables period
The Operating Cycle, representing the time it takes for a company to convert its
inventory and accounts receivable into cash through sales, decreased from 2021 to
2023. In 2023, the operating cycle is 89.13 days, suggesting an improvement in the
efficiency of the company's operational processes. A shorter operating cycle generally
indicates quicker cash conversion, positively impacting liquidity and operational
efficiency.
The Cash Cycle, which measures the time it takes for a company to convert its
resources into cash and back into cash, decreased from 2021 to 2023. In 2023, the cash
cycle is 89.13 days, indicating an improvement in the efficiency of the company's cash
conversion cycle. A shorter cash cycle is generally positive, suggesting quicker cash
turnover and improved liquidity.

The Operating Profit Margin increased from 2021 to 2023, reaching 0.2351. This
suggests an improvement in the percentage of sales converted into operating profit. The
rising trend indicates enhanced operational efficiency and profitability over the given
period.
The Gross Profit Margin increased from 2021 to 2023, reaching 0.2388. This suggests
an improvement in the percentage of sales retained as gross profit. The rising trend
indicates enhanced efficiency in cost management and production.
The Net Profit Margin increased slightly from 2021 to 2023, reaching 0.1615. This
suggests a modest improvement in the percentage of sales retained as net profit. The
rising trend indicates enhanced profitability after considering all expenses.
The Return on Assets (ROA) increased from 2021 to 2023, reaching 0.1551. This
suggests an improvement in the company's ability to generate profit from its assets. The
rising trend indicates increased efficiency in asset utilization and overall financial
performance.
The Return on Equity (ROE) decreased slightly from 2022 to 2023, reaching 0.661.
This suggests a slight reduction in the company's ability to generate profit from
shareholders' equity. However, the ratio remains relatively high, indicating effective use
of equity to generate returns.
The ROE DuPont Analysis, a breakdown of Return on Equity, increased from 2021 to
2023, reaching 0.0636. This suggests an improvement in the company's ability to
generate returns on equity, as indicated by a positive trend in the DuPont components.
However, the starting point in 2021 was 0, indicating a significant positive shift in the
profitability and efficiency components of ROE.

The Return on Capital Employed (ROCE) increased from 2021 to 2023, reaching
0.3096. This indicates an improvement in the company's ability to generate returns from
the capital employed in its operations. The rising trend suggests increased efficiency
and profitability in the utilization of both equity and debt.

The Debt-Asset Ratio decreased from 2022 to 2023, reaching 0.2941. This indicates a
reduction in the proportion of total assets financed by debt. The decreasing trend
suggests improved financial leverage and potentially lower financial risk.
The Debt-Equity Ratio decreased significantly from 2022 to 2023, reaching 0.6692.
This indicates a notable reduction in the company's reliance on debt relative to equity.
The decreasing trend suggests improved financial leverage and potentially lower
financial risk.
The Interest Coverage Ratio decreased slightly from 2022 to 2023, reaching 7.9772.
This suggests a modest reduction in the company's ability to cover its interest expenses
with operating profits. However, the ratio remains above 1, indicating that the company
is still generating sufficient operating income to cover its interest obligations.
The Debt Service Coverage Ratio decreased from 2022 to 2023, reaching 3.4709. This
suggests a reduction in the company's ability to cover its debt service obligations with
its operating income. The declining trend indicates a potential decrease in financial
capacity to service debt.

The Net Working Capital to Total Assets Ratio decreased from 2021 to 2023, reaching -
0.0938. This indicates a negative position, suggesting that the company's current
liabilities exceed its current assets. The decreasing trend in the ratio suggests potential
challenges in managing working capital and may impact the company's short-term
liquidity.
The Equity Multiplier increased slightly from 2021 to 2023, reaching 2.5379. This
suggests a moderate rise in the company's use of debt to finance its assets relative to
equity. The increasing trend indicates potential changes in the capital structure, which
could affect financial risk and return on equity.
The Long-Term Debt Ratio decreased from 2022 to 2023, reaching 0.3375. This
indicates a reduction in the proportion of long-term debt relative to total assets. The
decreasing trend suggests a potential improvement in the company's long-term solvency
and lower reliance on long-term debt financing.
The Cash Coverage Ratio decreased from 2022 to 2023, reaching 9.6406. This suggests
a reduction in the company's ability to cover its interest expenses with available cash.
However, the ratio remains relatively healthy, indicating that the company still has
sufficient cash to cover its interest obligations.
The Pay-out Ratio, which represents the proportion of earnings paid out as dividends,
increased from 2021 to 2023, reaching a very small value of 5.87934E-07. This
suggests that the company started distributing a minimal portion of its earnings as
dividends in 2023, although the ratio remains extremely low.
The Retention Ratio remained high and stable from 2021 to 2023, reaching
0.999999412 in 2023. This indicates that the company retained almost all of its
earnings, reinvesting them into the business rather than distributing them as dividends.
A Retention Ratio of 1 suggests an emphasis on internal growth and future investment
opportunities.
Earnings Per Share (EPS) increased from 2021 to 2023, reaching 85.0436. This
indicates a significant improvement in the company's profitability on a per-share basis.
The rising trend suggests enhanced earnings performance over the given period,
potentially reflecting positive operational and financial outcomes.
The P/E Ratio decreased from 2021 to 2023, reaching 11.0961. This suggests a decline
in the market's valuation of the company's stock relative to its earnings. The decreasing
trend may indicate a more favorable perception among investors or a potential
adjustment in market expectations.
The Capitalization Rate increased significantly from 2022 to 2023, reaching 0.0901.
This suggests a notable improvement in the company's ability to generate income in
relation to its total capitalization. However, the extremely high value in 2021 (594.17)
may indicate an anomaly or specific circumstances in that year
The Price-to-Book (P/B) Ratio slightly increased from 2021 to 2023, reaching
8.42882E-07. This indicates a marginal improvement in the market's valuation of the
company relative to its book value per share.
The Dividend Yield increased from 0% in 2022 to 0.53% in 2023. This indicates that
the company started paying dividends in 2023, providing a yield of 0.53% on its stock.
Ltd.
ne Profit and Loss
(in Lakhs) (in Lakhs) (in Lakhs)
As at As at
As at March 31, March 31,
March 31, 2023 2022 2021

218839.97 155094.14 82860.03

798.39 411.08 218.9
219638.36 155505.22 83078.93

121175.69 75941.09 38609.98

- - 42.11
-9697.39 167.66 -120.48
8660.07 7679.46 5360.94
6550.22 4427.02 2911.37
10895.33 8590.56 7354.48
29801.86 20357.19 12834.77
167385.78 117162.98 66993.17
52252.58 38342.24 16085.76

9430.77 6967.28 2816.76

7486.06 6,096.28 3185.1
16916.83 13063.56 6001.86
35335.75 25278.68 10083.9

34.98 -4.85 -27

-12.22 1.69 9.43
22.76 -3.16 -17.57
35358.51 25275.52 10066.33

85.04 60.84 24.27

85.04 60.84 17.26
Dividend per Share

Total Dividend Paid

 Standalone Cash Flow Statement
(in Lakhs)
Year ended
March 31,
Particulars 2023
A. Cash Flow from Operating Activities
Profit Before Taxation 52252.58
Adjustment for :
Depreciation and Amortisation Expenses 10895.33
Interest Income -84.27
Interest and Finance Charges 6550.22
Unrealised Foreign Exchange Loss/(Gain) -75.47
(Profit)/Loss on Sale/Discard of Property, Plant & Equipment 0.49
Sundry Balances Written off -
Provision No Longer Required Written back -
Sundry Balances Written back -251.79
Operating Profit before Exceptional & Extraordinary Item 69287.09
Extraordinary Items -
Operating Profit before Working Capital changes 69287.09
Adjustment for:
(Increase) in Inventories -5768.93
(Increase) in Trade Receivables 9041.8
(Increase) in Other Non Current Financial Assets -52.66
(Increase) in Other Non Current Assets 4.15
Decrease in Other Current Financial Assets -1353.32
(Increase) in Other Current Assets 144.23
(Increase)/Decrease in Short Term Loans and Advances 8.22
Increase in Trade Payables 2240.65
Increase/(Decrease) in Long Term Provision 17.78
Increase in Other Current Financial Liabilities 1228.18
Increase in Other Current Liabilities -1430.94
Increase in Short Term Provisions -2.34
Working Capital Changes 4076.82
Cash Generated from Operation 73363.91
Direct Taxes Paid (Net of Refund) -10747.74
Net Cash Generated from Operating Activities 62616.17
B. Cash Flow from Investment Activities
Purchase of Property, Plant & Equipment -41645.44
Proceed from Sale of Property, Plant & Equipment -
Investment in Subsidiary -2054.08
(Investment in)/Redemption of Fixed Deposits -18.13
Interest Received 84.92
Other Investment -2.45
(Investment) of earmarked balances with Bank -86.8
Net Cash (Used in) Investing Activities -43721.98
C. Cash Flow from Financing Activities
Interest and Finance Charges Paid -6045.19
Proceeds from Long-Term Borrowing 7475

Repayment of Long-Term Borrowing -13909.53

Proceed from Short-Term Borrowing (Net) 1156.58
Payment of Lease Liability -141.17
Dividend paid on Preference Shares -1385.48
Dividend paid on Equity Shares -1036.95
Redemption of Preference Shares -6091.99
Net Cash (Used in)/Generated from Financing Activities -19978.73
Net Increase/(Decrease) in Cash and Cash Equivalents (A+B+C) -1,084.54
Cash and Cash Equivalent at the beginning of the Year 2,503.54
Cash and Cash Equivalent at the end of the Year 1,419.00
Cash and Cash Equivalent comprises as under
(i) Cash on Hand 1.49
(ii) Balance with Schedule Banks in Current Accounts 1,417.51
(iii) Deposit with Schedule Banks -
(iv) Cheques on Hand -
Cash & Cash Equivalent at the end of the Year 1,419.00

WORKING CAPITAL = ( Current Assets - Current Liabilty )

2023 2022
-22819.12 -8539.58

Capital Employed = ( Equity + Non Current Liabilities )

2023 2022

178461.17 159137.62

Dividend Declared

2023 2022
 5 0

0 0

Outstanding Share

2023 2022

416 415.50158

Outstanding Shares as on 31st March of the year ( in Lakhs )

Market price per share

2023 2022

943.65 1000.75
Market price per share as at 31 march of that year
tatement
(in Lakhs) (in Lakhs)
Year ended Year ended
March 31, March 31,
2022 2021

38342.24 16085.76

8590.56 7354.48
-15.93 -14.81
4427.02 2911.37
28.72 -14.44
7.16 -0.28
- 44.92
-12.2 -
- -18.77
51367.56 26348.23
- -
51367.56 26348.23

-10017.92 -555.65
-13748.68 -4240.07
-35.64 -411.76
 -23.33 -
24.19 55.47
-342.96 -6.45
-11.27 6.08
1476.86 2596.76
121.62 -19.45
3727.69 1627.5
1880.56 381.38
7.85 1.5
-16941.03 -564.69
34426.53 25783.54
-6044.86 -2861.97
28381.67 22921.57

-45629.92 -19679.89
- 4.55
-5 -
137.9 -6.04
29.39 8.09
- -
- -
-45467.63 -19673.29

-4803.91 -3972.33
35930 4070

-12004.88 -8720.35
510.84 5531.5
-110.55 -98.8
- -
- -
- -
19521.5 -3189.98
2,435.54 58.3
68 9.7
2,503.54 68

0.94 1.33
 2,502.50 25.66
0.1 0.1
- 40.91
2,503.54 68

abilty )
2021
-20236.51

ies )
2021

106009.51

2021
 0

2021

415.50158

2021

594.17
Name :
Enrollment Number:
Sec:
Seat Number:

Company Name:

About the Company:Can Fin Homes Ltd. is a housing

finance company based in India.
It was established in 1987 and is promoted by Canara
Bank, one of the leading public sector banks in India.
The primary focus of Can Fin Homes is on providing
housing finance services, including home loans and
related financial products, to individuals for the purchase,
construction, and renovation of homes.
Can Fin Homes typically offers a range of home loan
products with varying terms and interest rates. The
specifics of these products may evolve over time based on
market conditions and regulatory changes.

Balance Sheet of Can Fin Homes Limited for the years ending 2021,2022,202
Particulars

EQUITIES AND LIABILITIES

SHAREHOLDER'S FUNDS
Equity Share Capital
Total Share Capital
Reserves and Surplus
Total Reserves and Surplus
Total Shareholders Funds

NON-CURRENT LIABILITIES
Long Term Borrowings
Other Long Term Liabilities
Long Term Provisions
Total Non-Current Liabilities
CURRENT LIABILITIES
Short Term Borrowings
Trade Payables
Other Current Liabilities
Total Current Liabilities
Total Capital And Liabilities

ASSETS

NON-CURRENT ASSETS
Tangible Assets
Fixed Assets
Deferred Tax Assets [Net]
Other Non-Current Assets
Total Non-Current Assets

CURRENT ASSETS
Current Investments
Trade Receivables
Cash And Cash Equivalents
Short Term Loans And Advances
OtherCurrentAssets
Total Current Assets

Total Assets

OTHER ADDITIONAL INFORMATION

CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities
CIF VALUE OF IMPORTS
EXPENDITURE IN FOREIGN EXCHANGE
REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS
Dividend Remittance In Foreign Currency
EARNINGS IN FOREIGN EXCHANGE
FOB Value Of Goods
Other Earnings
BONUS DETAILS
Bonus Equity Share Capital
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market Value
Non-Current Investments Unquoted Book Value
CURRENT INVESTMENTS
Current Investments Quoted Market Value
Current Investments Unquoted Book Value
Ratio Analysis
Ratios

Liquidity Ratio

Current Ratio
Quick Ratio
Cash Ratio

Capital Structure & Coverage Ratio

Total Debt Ratio
Debt Equity Ratio
Intrest Coverage Ratio
Debt Service Coverage Ratio
Fixed Charges Coverage Ratio
Net Working Capital To Total Assets Ratio
Equity Multiplier
Long Term Debt Ratio
Cash Coverage Ratio

Efficiency Turnover Ratio

Assets Turnover Ratio

Fixed Assets Turnover Ratio
Current Assets Turnover Ratio
Working Capital Turnover Ratio
Trade Receivable Turnover Ratio
Trade Receivalble Period
Inventory Turnover Ratio
Inventory Period ( Days )
Trade Payable Turnover Ratio
Trade Payable Period ( Days )
Operating Cycle
Cash Cycle

Profitability Ratio
Operating Profit Margin
Gross Profit Margin
Net Profit Margin
Roa ( Return On Assets )
Roe ( Return On Equity )
Roe Dupont Analysis
Dividend Payout Ratio
Earnings Yield
P/E Ratio
Roce ( Return On Capital Employed )
Retention Ratio
Eps
Capitalization Rate
Price To Book Ratio ( P/B Ratio )
Dividend Yield
 Anto Jovin Nadar
23BSPHH01C0029
O
8

Can Fin Homes Ltd.

the years ending 2021,2022,2023

Mar-23 Mar-22 Mar-21

26.63 26.63 26.63

26.63 26.63 26.63
3620.65 3039.99 2583.17
3620.65 3039.99 2583.17
3647.28 3066.62 2609.81

6849.01 6665.84 5436.69

22.84 21.2 13.67
33.89 25.47 102.25
6905.74 6712.51 5552.62
 22219.06 17981.84 13856.21
8.05 5.55 4.33
290.36 177.82 50.78
22517.47 18165.21 13911.3
33070.49 27944.35 22073.7

45.4 34.62 37.82

45.4 34.62 37.82
48.43 47.73 45.45
3.72 26.81 23.43
97.56 109.15 106.71

1459.03 1125.97 49.6

1.14 1.13 0.71
308.47 324.08 21.55
31193.33 26378.06 21891.48
10.97 5.95 3.7
32972.93 27835.19 21967

33070.49 27944.35 22073.7

1408.08 0.01 0.08

- - -

- - -
- - -

- - -

- - -
- - -

- - -
1459.03 1125.97 49.6
Formulae #REF! #REF! #REF! Interpretation

Current Assets / Current Liabilities 1.46 1.53 1.58 Its takes ther measure of Can Fin
(Current Assets -Inventories - Prepaid Expenses)/Curren 1.46 1.53 1.58 Similar to the current ratio but pro
Cash / Current Liabilities 0.01 0.02 0.00 This is the most conservative liqu

Total Debt- Total Equity/Total Asset 0.10 0.13 0.13 It shows what proportion of the co
Debt / Equity 1.88 2.17 2.08 The Financial Leverage of CanFin
EBIT / Finance Cost 0.48 0.55 0.51 Measures how easily a company c
Earning Avaible For Debt Ratio / Debt Service 0.37 0.41 0.38 Can Fin Home’s ability to service
EBIT+Tax/Finance Cost 824.15 635.21 617.72 Measures a firm’s ability to cover
Net Working Capital / Total Assets 0.32 0.35 0.36 The net liquid assets of the compa
Total Assets / Total Equity 9.07 9.11 8.46 This ratio measure Can Fin Home
Long Term Debt / Long Term Debt + Total Equity 0.65 0.68 0.68 Measures the proportion of long-t
EBIT + Depriciation / Interest 824.04 635.07 617.59 It the ability of the company to pa

Total Sales / Average Total Assets 0.08 0.07 0.09 Measures how efficiently a compa
Total Sales / Average Fixed Assets 60.40 57.42 53.36 Indicates how well the company i
Total Sales / Average Current Assets 0.08 0.07 0.09 Shows how efficiently the compan
Total Sales / Average Working Capital 0.26 0.21 0.25 Measures how effectively a comp
Net Credit Sales / Average Trade Receivable 2405.26 1759.14 2842.45 Indicates how quickly the compan
360/Trade Recivable Turnover Ratio 0.15 0.20 0.13 Represents the average number of
Cogs / Average Inventory COGS NOT AVAILABLE FOR SERVICES Shows how quickly the company
360 / Inventory Turnover COGS NOT AVAILABLE FOR SERVICES Represents the average number of
Purchase Of Good & Services / Average Tradepayable 3.97 4.54 2.77 Indicates how quickly the compan
360 / Trade Payable Period 90.59 79.22 130.01 Represents the average number of
Days Of Trade Receivable + Days Of Inventory 0.15 0.20 0.13 It is the total time it takes for the c
Operating Cycle - Days Of Trade Payable COGS NOT AVAILABLE FOR SERVICES Represents the time it takes for a c

Operating Profit / Net Sales 0.30 0.32 0.31 It indicates what proportion of a c
Gross Profit /Net Sales 0.30 0.32 0.31 Represents the percent of total sal
Net Profit / Net Sales 0.23 0.24 0.23 Indicates how much of each dolla
Net Profit / Average Total Assets 0.02 0.02 0.02 Measures how profitable a compa
Net Profit / Average Equity 0.17 0.15 0.17 Represents how profitable a comp
Roa * Leverage Multiplier 0.17 0.15 0.17 Breaks down the ROE into differe
DPS/EPS 0.86 1.32 0.78 Measures the percentage of earnin
Eps/Market Price Of Share 0.07 0.06 0.06 The earnings yield ratio is a finan
Market Price Of Share/ Earnings Per Share 13.93 15.55 16.06 It is the price paid for a share rela
Pbtit / Average Capital Employed 0.23 0.21 0.24 Represents a company’s profitabi
1- Payout Ratio 0.14 -0.32 0.22 Measures the percentage of net in
Given In P And L 46.65 35.38 34.25 Measures the portion of a compan
1/P/E Ratio 0.07 0.06 0.06 The inverse of the P/E ratio. The r
Market Capitalization / Equity 1.96774667064856E-05 2.1E-05 2.39E-05 Compares a company’s market va
Dps/Market Price Of Share 0.06 0.08 0.05 Measures the dividend return on a

Market price of share taken a

Profit and Loss Statement of Can F Cash Flow Statement of Can Fin Ho
Column1 Mar-23 Mar-22 Mar-21 Column1
INCOME Net Profit Before Tax
Revenue Fr 2742 1987.83 2018.14 Net Cash From Operating Activities
Revenue Fr 2742 1987.83 2018.14 Net Cash (used in)/from
Total Oper 2742 1987.83 2018.14 Investing Activities
Other Inco 1.13 0.68 0.29 Net Cash (used in)/from Financing Activities
Total Rev 2743.13 1988.51 2018.43
Net (decrease)/increase In Cash and Cash Equivalents
EXPENSES Opening Cash & Cash Equivalents
Operating 31.99 25.22 11.99 Closing Cash & Cash Equivalents
Employee B 83.73 76.81 69.98
Finance Co 1700.86 1153.51 1208.33
Provsions 41.76 46.94 68.53
Depreciati 12.46 9.81 9.57
Other Expe 48.31 41.17 32.45
Total Exp 1919.1 1353.45 1400.85
44986 44621 44256
Profit/Los 824.03 635.06 617.58
Profit/Los 824.03 635.06 617.58

Tax Expenses-Continued Operations

Current Ta 199.71 170.39 171.64
Deferred T -0.5 -1.98 -11.55
Tax For Ear 3.61 -4.46 1.44
Total Tax 202.82 163.95 161.52
Profit/Los 621.21 471.11 456.06
Profit/Los 621.21 471.11 456.06
Profit/Los 621.21 471.11 456.06

OTHER ADDITIONAL INFORMATION

EARNINGS PER SHARE
Basic EPS 46.65 35.38 34.25
Diluted EP 46.65 35.38 34.25
VALUE OF IMPORTED AND INDIGENIOUS RAW MATERIALS
STORES, SPARES AND LOOSE TOOLS
DIVIDEND AND DIVIDEND PERCENTAGE
Equity Sh 39.95 46.6 26.63
Tax On Di 0 0 0
Equity Div 175 150 100
Interpretation

Its takes ther measure of Can Fin Homes's ability to pay short-term obligations. A higher ratio indicates better short-term financial health.The Ratio of 2
Similar to the current ratio but provides a more conservative view as it excludes inventories and prepaid expenses. Can Fin homes Quick ratio has also d
This is the most conservative liquidity ratio. It only considers cash and cash equivalents. The ratio has signifucantly improved in 2022 showing a increa

It shows what proportion of the company’s assets are financed by debt. The ratio has been decreasing over the years, indicating a decrease in debt levels
The Financial Leverage of CanFin Homes LTD. The ratio has decreased indicating that the leverage is decreasing for Can Fin Homes
Measures how easily a company can pay interest expenses on outstanding debt. The ratio has been declining over the years with a sharp in rease in 2022
Can Fin Home’s ability to service its current debts. The ratio declined in 2023.
Measures a firm’s ability to cover its fixed charges obligations. The ratio has been increasing over the years.
The net liquid assets of the company relative to the total capitalization. The ratio has been decreasing over the years as well
This ratio measure Can Fin Homes Financial Leverage. The ratiohad a sharp incresase in the year 2022
Measures the proportion of long-term debt relative to the company’s total capitalization. The ratio is low with a decline in the year 2023
It the ability of the company to pay interest with its cash flow. The ratio has been improving over the years.

Measures how efficiently a company uses its assets to generate sales.The ratio has a increased a bit in 2023
Indicates how well the company is using its fixed assets to generate sales. The ratio peaked in 2023 and increased significantly in 2021.
Shows how efficiently the company uses its current assets to generate sales. The ratio troughed in 2022 and decreased significantly in 2023.
Measures how effectively a company is using its working capital to support sales. The ratio has first decreased and then increased.
Indicates how quickly the company collects cash from its credit sales. The ratio has been decreasing over the years.
Represents the average number of days it takes for the company to collect its receivables. The period has peaked in 2022
Shows how quickly the company sells its inventory.
Represents the average number of days it takes for the company to sell its inventory.
Indicates how quickly the company pays its suppliers.Again there is a peak at 2022
Represents the average number of days it takes for the company to pay its suppliers. The period has been the less in 2022.
It is the total time it takes for the company to turn its inventory purchases into cash receipts from customers. It has peaked in 2022.
Represents the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.

It indicates what proportion of a company’s revenue is left over after paying for variable costs of production. The margin has declined in 2023
Represents the percent of total sales revenue that the company retains after incurring the direct costs associated with producing the goods and services. T
Indicates how much of each dollar of sales a company actually keeps in earnings. The margin has been stable over the years.
Measures how profitable a company is relative to its total assets. The ROA has been stable over the years.
Represents how profitable a company is by comparing its net income to its average shareholders’ equity. The ROE increased in 2023.
Breaks down the ROE into different components. The ROE increased in 2023.
Measures the percentage of earnings paid out as dividends. The ratio has seen a sharp rise in 2022
The earnings yield ratio is a financial ratio that shows the relationship between a company's earnings per share and its stock price per share.it has increa
It is the price paid for a share relative to the annual net income earned by the firm per share. The P/E ratio decreased over the years, indicating the stock
Represents a company’s profitability and the efficiency with which its capital is employed. The ROCE has increased a bit in 2023
Measures the percentage of net income that is retained to grow the business. The ratio is nagative for 2022 due to the negative payout ratio.
Measures the portion of a company’s profit allocated to each outstanding share of common stock. The EPS has been improving over the years.
The inverse of the P/E ratio. The rate has been stable over the years.
Compares a company’s market value to its book value. The ratio decreased over the years, indicating the stock could be undervalued.
Measures the dividend return on a company’s stock. The yield is very low for all years, indicating low dividend payments.

Market price of share taken as Rs.650 for 2023 and Rs.550 for 2022 and 2021 .(average of the prices)
ment of Can Fin Homes Limited for the years ending 2021,2022,2023

cing Activities

Cash and Cash Equivalents

 rm financial health.The Ratio of 2023 shows a decline as compared to 2022 and 2021 , indicating an decrease in liquidity.
n Fin homes Quick ratio has also decreased slightly
mproved in 2022 showing a increase in cash power in the firm.It has also fallen in 2023 slightly.

ndicating a decrease in debt levels.

Can Fin Homes
years with a sharp in rease in 2022

e in the year 2023

ificantly in 2021.
significantly in 2023.

gin has declined in 2023

roducing the goods and services. The margin is very low and has been decreasing over the years.

reased in 2023.

stock price per share.it has increased in 2023

ver the years, indicating the stock could be undervalued.

negative payout ratio.

mproving over the years.
be undervalued.
I.

II.
1
2

2A

2B

RATIOS

LIQUIDITY RATIO
CURRENT RATIO
QUICK RATIO
CASH RATIO

EFFICIENCY TURNOVER RATIO

ASSETS TURNOVER RATIO

FIXED ASSETS TURNOVER RATIO
CURRENT ASSETS TURNOVER RATI
WORKING CAPITAL TURNOVER RATI
TRADE RECEIVABLE TURNOVER RAT
TRADE RECEIVALBLE PERIOD
INVENTORY TURNOVER RATIO
INVENTORY PERIOD ( DAYS )
TRADE PAYABLE TURNOVER RATIO
TRADE PAYABLE PERIOD ( DAYS )
OPERATING CYCLE
CASH CYCLE

PROFITABILITY RATIO
OPERATING PROFIT MARGIN
GROSS PROFIT MARGIN
NET PROFIT MARGIN
ROA ( RETURN ON ASSETS )
ROE ( RETURN ON EQUITY )
ROE DUPONT ANALYSIS
ROCE ( RETURN ON CAPITAL EMPLOY

CAPITAL STRUCTURE & COVERAGE RATIO

TOTAL DEBT RATIO
DEBT EQUITY RATIO
INTREST COVERAGE RATIO
DEBT SERVICE COVERAGE RATIO

FIXED CHARGES COVERAGE RATIO

NET WORKING CAPITAL TO TOTAL A

EQUITY MULTIPLIER
LONG TERM DEBT RATIO
CASH COVERAGE RATIO

OTHERS RATIO
PAYOUT RATIO
RETENTION RATIO
EPS
P/E RATIO
CAPITALIZATION RATE
PRICE TO BOOK RATIO ( P/B RATIO )
DIVIDEND YIELD

Name- Uchita Gupta

Enrollment No.- 23BSPHH01C0986
Seat No.- 9
Section- O
Company- AAA Technologies Ltd.
 Balance
Sheet
NOTE NO. AS AT 31-03-
PARTICULARS 2023
RUPEES

ASSETS

Non-Current Assets
(a) Property, Plant and Equipment 5 201.45
(b) Other Intangible Assets 5 0.88
(c) Financial Assets
(i) Investments 0.00
(ii) Trade Receivables 0.00
(iii) Loans 0.00
(iv) Other Financial Assets 6 0.11

(d) Deferred Tax Assets (Net) 0.00

(e) Other Non-Current assets 0.00

TOTAL NON CURRENT ASSETS 202.44

Current Assets

(a) Inventories 0.00

(b) Financial Assets
(i) Investments 0.00
(ii) Trade Receivables 7 670.09
(iii) Cash & Cash Equivalents 8 187.92
(iv) Bank Balances other than 8 1,095.87
(iii) above
(v) Loans 0.00
(vi) Other Financial Assets 9 521.87
(c) Currents Tax Assets (Net) 10 75.23
(d) Other Current Assets 11 14.05
TOTAL CURRENT ASSETS 2,565.03

TOTAL ASSETS 2,767.47

EQUITIES AND LIABILITIES

Equity
(a) Equity Share Capital 12 1,282.68
(b) Other Equity 13 1,255.86
TOTAL EQUITY 2,538.54

Liabilities

Non-Current Liabilities

(a) Financial Liabilities

(i) Borrowings 0
(ii) Lease Liabilities 0
(iii) Trade Payables 0
(iv) Other Financial 0
Liabilities
(b) Provisions 0
(c) Deferred Tax Liabilities (Net) 14 2.54
(d) Other Non-Current Liabilities 0
TOTAL NON CURRENT LIABILITIES 2.54
Current Liabilities
(a) Financial Liabilities
(i) Borrowings 0
(ii) Lease Liabilities 0
(iii) Trade Payables 0
(iv) Other Financial Liabilities 0
(b) Other Current Liabilities 15 0.02
(c) Provisions 16 226.37
(d) Current Tax Liabilities (Net) 0
TOTAL CURRENT LIABILITIES 226.39
TOTAL LIABILITIES 228.93
TOTAL EQUITY AND LIABILITIES 2,767.47

Ratios Calculation
FORMULA 2022
 CURRENT ASSETS / CURRENT LIABILITIES 9.05024352730069
(CURRENT ASSETS -INVENTORIES - PREPAID EXPENSES /CURRENT LIABILI9.05024352730069
CASH / CURRENT LIABILITIES 2.08415424616399

TOTAL SALES / AVERAGE TOTAL ASSETS 1.16548445181783

TOTAL SALES / AVERAGE FIXED ASSETS 3273.09090909091
TOTAL SALES / AVERAGE CURRENT ASSETS 1.16548445181783
TOTAL SALES / AVERAGE WORKING CAPITAL 1.04951865968037
NET CREDIT SALES / AVERAGE TRADE RECEIVABLE #DIV/0!
360 / TRADE RECEIVABLE TURNOVER #DIV/0!
COGS / AVERAGE INVENTORY #DIV/0!
360 / INVENTORY TURNOVER #DIV/0!
PURCHASE OF GOOD & SERVICES / AVERAGE TRADEPAYABLE #DIV/0!
360 / TRADE PAYABLE PERIOD #DIV/0!
DAYS OF TRADE RECEIVABLE + DAYS OF INVENTORY #DIV/0!
OPERATING CYCLE - DAYS OF TRADE PAYABLE #DIV/0!

OPERATING PROFIT / NET SALES 18.1452164009112

GROSS PROFIT /NET SALES 1
NET PROFIT / NET SALES 0.16237084768359
NET PROFIT / AVERAGE TOTAL ASSETS 0.01368949938998
NET PROFIT / AVERAGE EQUITY 0.01530643375783
ROA * LEVERAGE MULTIPLIER 0.01530643375783
PBTIT / AVERAGE CAPITAL EMPLOYED 0.27773855286211

COVERAGE RATIO
TOTAL DEBT- TOTAL EQUITY/TOTAL ASSET -0.8943624365126
DEBT / EQUITY 0
PBIT / FINANCE COST 31863
EARNING AVAIBLE FOR DEBT RATIO / DEBT SERVICE #DIV/0!
EARNING BEFORE DEPRICIATION , DEBT , INTEREST &
LEASE RENTAL & TAXES /DEBT INTREST + LEASE
RENTAL +( LOAN REPAYMENT INSTALLMENT / 1-TAX
RATE) + ( PREFERENCE DIVIDENDS / (1-TAX RATE ) 31863
NET WORKING CAPITAL / TOTAL ASSETS 0.85687223003972
TOTAL ASSETS / TOTAL EQUITY 1.11811493771955
LONG TERM DEBT / LONG TERM DEBT + TOTAL EQUITY 0
PBIT + DEPRICIATION / INTEREST 32875

DIVIDENDS DECLARED / NET PROFIT -0.1828600752651

1- PAYOUT RATIO 1.18286007526514
PAT / NUMBER OF OUTSTANDING SHARES 0.16246335125822
MARKET PRICE PER SHARE / EARNING PER SHARE 16280.5948511803
EARNING PER SHARE / MARKET PRICE PER SHARE 6.1422817111E-05
 MARKET CAPITALIZATION / EQUITY 985.762401610837
DIVIDEND PER SHARE / MARKET PROCE OF THE SHARE ###

H01C0986

ogies Ltd.
AS AT 31-03- AS AT 01-04-
2022 2021 PARTICULARS
RUPEES RUPEES

Revenue from
I.
operations

II. Other Income

93.13 95.87 III. Total Income (I+II)
0.88 0.88 IV. Expenses:
Cost of material
0.00 0.00 consumed
Purchases of Stock-in-
0.00 0.00 Trade
Changes in inventories
0.00 0.00 of Finished
in-Trade andgoods,
work-in-
Stock-
progress
0.11 0.11 Employee benefits
expense

0.00 0.00 Finance costs

0.00 0.00 Depreciation and

amortization expense
94.12 96.86 Other expenses

Total Expenses (IV)

0.00 0.00 V. Profit before

exceptional
items and tax (III-IV)
0.00 0.00 VI. Exceptional items
917.74 1,001.64 VII. Profit before tax(V-VI)
569.12 136.31 VIII. Tax expense
352.04 430.15 (1) Current tax
(2) Earlier years tax
0.00 0.00 (3) Deferred tax
545.51 546.08 IX. Profit (Loss) for the
81.52 52.47 period from(VII-VIII)
operations continuing
5.42 30.74 X. Profit (Loss) from
2,471.35 2,197.39 XI. discontinuing
Tax expense of
operations
discontinuing
operations
2,565.47 2,294.25 XII. Profit (Loss) from
Discontinuing
operations
(after tax) (X-XI)
XIII. Profit (Loss) for the
period (IX + XII)
 855.12 855.12 XIV. Other Comprehensive
1,439.34 1,248.26 Income
1) Items that will not
2,294.46 2,103.38 be reclassified
loss to profit
or
2) Income Tax relating
to Items that will not be
reclassified to profit
or loss
3) Items that will be
reclassified to profit or
loss
4) Income Tax relating
to Items that will be
reclassified to profit or
loss
Total Other
Comprehensive Income
(XIV)
Total Comprehensive
Income for the Period
(XIII + XIV)

0 0
0 0 XV.
0 0 XVI. Earnings per equity share:
0 0 (1) Basic (Restated)
(2) Diluted (Restated)
0 0
-2.06 -4.78
0 0
-2.06 -4.78

0 0
0 0
0 0
0 0
0 0.32
273.07 195.33
0 0
273.07 195.65
271.01 190.87
2,565.47 2,294.25

2023 Interpretations
 11.33013825699 Measures the company’s ability to pay short-term obligations. A higher ratio indicates better short-term financial heal
11.33013825699 Similar to the current ratio but provides a more conservative view as it excludes inventories and prepaid expenses. It h
0.8300719996466 This is the most conservative liquidity ratio. It only considers cash and cash equivalents. The increase from 0.12 in 20

1.662196880183 Measures how efficiently a company uses its assets to generate sales. The ratio peaked in 2022 at 15.03 and slightly d
5227.3636363636 Indicates how well the company is using its fixed assets to generate sales. The ratio peaked in 2022 and decreased sign
1.7933825335376 Shows how efficiently the company uses its current assets to generate sales. The ratio has been increasing over the yea
1.6479354593719 Measures how effectively a company is using its working capital to support sales. The ratio has been increasing over t
#DIV/0! Indicates how quickly the company collects cash from its credit sales. The ratio has been increasing over the years.
#DIV/0! Represents the average number of days it takes for the company to collect its receivables. The period has been decreas
#DIV/0! Shows how quickly the company sells its inventory. The ratio decreased significantly in 2023, indicating slower inven
#DIV/0! Represents the average number of days it takes for the company to sell its inventory. The period increased significantl
0 Indicates how quickly the company pays its suppliers. The ratio is zero for all years, which could be a data error.
#DIV/0! Represents the average number of days it takes for the company to pay its suppliers. The period is not available due to
#DIV/0! Represents the total time it takes for the company to turn its inventory purchases into cash receipts from customers. Th
#DIV/0! Represents the time it takes for a company to convert its investments in inventory and other resources into cash flows

7.5229591836735 Measures what proportion of a company’s revenue is left over after paying for variable costs of production. The marg
1 Represents the percent of total sales revenue that the company retains after incurring the direct costs associated with p
0.1247108745935 Indicates how much of each dollar of sales a company actually keeps in earnings. The margin has been improving ove
0.036827860826 Measures how profitable a company is relative to its total assets. The ROA has been fluctuating over the years.
0.0401490620593 Measures how profitable a company is by comparing its net income to its average shareholders’ equity. The ROE decr
0.0401490620593 Breaks down the ROE into different components. The ROE decreased in 2023.
0.3020397551348 Measures a company’s profitability and the efficiency with which its capital is employed. The ROCE is zero for all ye

-0.917278236078 Indicates what proportion of the company’s assets are financed by debt. The ratio has been decreasing over the years,
0 Measures the financial leverage of a company. The ratio decreased to zero in 2022 and slightly increased in 2023.
#DIV/0! Measures how easily a company can pay interest expenses on outstanding debt. The ratio has been improving over the
#DIV/0! Measures the company’s ability to service its current debts. The ratio improved in 2023.

#DIV/0! Measures a firm’s ability to cover its fixed charges obligations. The ratio has been improving over the years.
0.8450461974294 Measures the net liquid assets of the company relative to the total capitalization. The ratio has been improving over th
1.0901817580184 Measures financial leverage. The ratio decreased over the years, indicating a decrease in leverage.
0 Measures the proportion of long-term debt relative to the company’s total capitalization. The ratio is very low for all y
#DIV/0! Measures the ability of the company to pay interest with its cash flow. The ratio has been improving over the years.

-0.149072653744 Measures the percentage of earnings paid out as dividends. The ratio is zero for 2021 and 2022 and negative for 2023,
1.1490726537442 Measures the percentage of net income that is retained to grow the business. The ratio is one for 2021 and 2022 and gr
0.2236255340381 Measures the portion of a company’s profit allocated to each outstanding share of common stock. The EPS has been i
11827.808534375 Measures the price paid for a share relative to the annual net income earned by the firm per share. The P/E ratio decre
8.45465157E-05 The inverse of the P/E ratio. The rate has been improving over the years.
1336.4723817627 Compares a company’s market value to its book value. The ratio decreased over the years, indicating the stock could b
### Measures the dividend return on a company’s stock. The yield is very low for all years, indicating low dividend paym
Profit and
Loss
Statement
NOTE NO. Year Ended Year Ended 31-
31-03-2023 03-2022 PARTICULARS
RUPEES RUPEES

A) Cash Flow from Operating

17 2,300.04 1,440.16
Activities

18 50.96 17.56 Profit/ (Loss) before Taxes

2,351.00 1,457.72 from continuing
Adjustment for: operations
Depreciation & Amortisation
0.00 0.00 Finance Cost
0.00 0.00 Interest Income
0.00 0.00 Operating Profit before
Working Capital
Adjustment for: Changes
19 543.80 519.58 Decrease / (Increase) in Trade
Receivables

20 0.00 0.01 Decrease / (Increase) in Loans

and Other Financial Assets

5 21.37 10.12 Decrease / (Increase) in Other

current assets
21 1,402.46 609.38 Decrease/ (Increase) in Non-
Current- Other Financial Assets

1,967.63 1,139.09 Decrease/ (Increase) in Other

Non-Current Assets
383.37 318.63 (Decrease) / Increase in
Provisions
(Decrease)/ Increase in Other
0.00 0.00 Current Liabilitiesfrom
Cash Generated
383.37 318.63 Operations
Direct Taxes Paid (Net of
Refund)
Net Cash Flow generated from
91.89 77.47 Operating Activities
B) Cash Flow from Investing
0.04 4.61 Activities
Purchase of Property, Plant
4.60 2.71 and Equipment
Proceed & Intangible
from sale of Property,
Assets
Plant and Equipment &
286.84 233.84 Assets
Intangible
Interest Received
0.00 0.00 Net (Investment)/ Maturity of
0.00 0.00 Fixed Deposits
Net Cash in Bank from
Flow generated
Investing Activities
0.00 0.00
C) Cash Flow from Financing
Activities
Proceeds from issuance of
286.84 233.84 Share Capital
Finance Cost
 Dividend Paid
0.00 0.00 Net Cash Flow used in
Financing Activities
Net Increase in Cash and Cash
Equivalents
Cash and Cash Equivalents at
beginning of Year
0.00 0.00 Cash and Cash Equivalents at
end of Year
0 0

0 0
0 0
286.84 233.84
equity share:
2.24 1.82
2.24 1.82
s better short-term financial health. The ratio has improved from 1.21 in 2022 to 3.16 in 2023, indicating an improvement in liquidity.
ntories and prepaid expenses. It has also improved from 1.12 in 2022 to 2.85 in 2023.
nts. The increase from 0.12 in 2021 to 0.36 in 2023 indicates an improvement in the company’s ability to cover its current liabilities with just cash.

d in 2022 at 15.03 and slightly decreased to 13.68 in 2023.

eaked in 2022 and decreased significantly in 2023.
has been increasing over the years.
e ratio has been increasing over the years.
een increasing over the years.
bles. The period has been decreasing over the years, which is a positive sign.
in 2023, indicating slower inventory turnover.
The period increased significantly in 2023, which could be a concern.
which could be a data error.
The period is not available due to division by zero error.
cash receipts from customers. The cycle increased significantly in 2023, which could be a concern.
d other resources into cash flows from sales. The cycle increased significantly in 2023.

le costs of production. The margin has been improving over the years.
the direct costs associated with producing the goods and services. The margin is very high and has been improving over the years.
e margin has been improving over the years.
luctuating over the years.
reholders’ equity. The ROE decreased in 2023.

yed. The ROCE is zero for all years, which could be a data error.

been decreasing over the years, indicating a decrease in debt levels.

d slightly increased in 2023.
atio has been improving over the years.

proving over the years.

ratio has been improving over the years.

on. The ratio is very low for all years.

been improving over the years.

and 2022 and negative for 2023, indicating no dividends were paid out.
o is one for 2021 and 2022 and greater than one for 2023 due to the negative payout ratio.
mmon stock. The EPS has been improving over the years.
m per share. The P/E ratio decreased over the years, indicating the stock could be undervalued.
ears, indicating the stock could be undervalued.
s, indicating low dividend payments.
 Cash Flow
Statement
Year Ended 31-03- Year Ended 31-03-
2023 2022
RUPEES RUPEES

383.37 318.63

21.37 10.12
0.00 0.01
(45.63) (17.56)
359.11 311.20

247.65 83.90

23.64 0.57

(8.63) 25.32

0.00 0.00

0.00 0.00

(46.70) 77.74
0.02 (0.32)
575.09 498.41
(85.64) (111.13)
489.45 387.28

(129.69) (7.37)
0.00 0.00

45.63 17.56
(743.83) 78.11
(827.89) 88.30

0.00 0.00
0.00 (0.01)
 (42.76) (42.76)
(42.76) (42.77)
(381.20) 432.81

569.12 136.31
187.92 569.12
nt in liquidity.

nt liabilities with just cash.

 Anupam Rasa Lt
Standalone Profi
Standalone Balance Sheet Loss
(in Million) (in Million) (in Million) (in Million)
As at As at As at
March 31, March 31, As at Particul March 31,
Particula 2023 2022 March 31, 2021 ars 2023

Revenu
I. Assets e
Revenu
e from
Operati
Non-Current Assets ons 12,841.23
Other
(a) Prop 11,843.79 11,475.69 10,656.01 Income 21.86
Total
Income
(b) Capit 1,134.89 427.78 432.24 (A) 12,863.09
Expense
(c) Inta 143.78 115.01 115.87 s

Cost of
Material
s
Consum
(d) Inves - - - ed 5,766.27
Purchas
(e) e of -
Financia Traded
l Assets Goods

Changes
in
Inventor
ies of
Finished
Goods
(i) and
Investm Stock in
ents 1,584.21 1,481.53 0.22 Trade. -632.54
(ii) Employ
Other ee
Financia Benefits
l Assets 868.06 227.92 32.49 Expense 544.7
Finance
(f) Loan 94.26 86.42 - Costs 618.64

Depreci
ation
and
Amortiz
ation
Expense
(g) Other 305.43 177.31 217.9 s 655.59

Other
Expense
Total Non 15,974.42 13,991.66 11,454.73 s 3,488.08
Total
Expense
Current Assets (B) 10,440.74
Profit
Before
Tax (C)
(a) Inven 8799.47 8,630.24 4,992.17 = (A-B) 2,422.35
Tax
Expense
(b) Financial Assets :
Current
(i) Tra 3,731.98 2,800.95 2,054.89 Tax 555

Net
Deferre
d Tax
Expense
/(Benefi
(ii) Cas 1,836.75 420.62 2,411.66 t) 182.06
Total
Tax
Expense
(iii) Loan 29.17 40.41 114.36 (D) 737.06
(iv)
Bank
Balance 1,674.52 Profit
s other for the
than (ii) Year (E)
above 3,677.05 545.41 = (C-D) 1,685.29
Other
Compre
hensive
(v) Other 373.79 298.07 379.6 Income

Items
that will
not be
reclassif
ied to
Profit or
Loss in
subsequ
ent
(c) Othe 852.79 564.69 718.43 periods

Remeas
urement
Gain /
(Loss)
on
Defined
Benefit
Total Cur 19,301.00 14,429.50 11,216.52 Plans -19.3
Income
Tax
effect
on
Total Ass 35,275.42 28,421.16 22,671.25 above 3.06

Total
Other
Compre
hensive
Income
/ (Loss)
for the
Year,
net of
II Equity and Liabilities Tax (F) -16.24
 Total
Compre
hensive
Income
for the
Year
(G) =
Equity (E+F) 1,669.05

Earning
s per
Equity
Share
(face
value of
H10
each)
(a) Equi 1,074.65 1,002.47 999.22 (in H)
(b) Instr - - - (i) Basic 16.25
(ii)
(c) Othe 22,519.80 16,244.07 14,734.80 Diluted 16.21

Total Equ 23,594.45 17,246.54 15,734.02

Liabilities
Non-Current Liabilities
(a) Financial Liabilities
(i) Bor 3,550.32 4,944.77 2,473.89
(ii) Leas 268.94 195.01 322.32
(b) Provi - - -
(c) Defer 728.16 546.1 243.82
Total Non 4,547.42 5,685.88 3,040.03

Current Liabilities
(a) Financial Liabilities
(i) Bor 4,325.56 4,944.77 1,394.72
(ii) Leas 72.26 195.01 43.24
(iii) Trade Payables
Total out 14.82 8.42 3.3
Total
outstand
ing dues
of
Creditor
s other
than
Micro
and
Small
Enterpri
se 2,826.52 2,256.32 1,992.97
(iv) Other 188.86 27.21 227.39
(b) Other 23.56 188.45 300.92
(c) Prov 29.6 91.28 153.24
(d) Curren 67.05 135.32 90.21
Total Cur 7,548.23 7,846.78 4,205.99
Total Liab 12,095.65 13,532.66 7,246.02
Total Equ 35,690.10 30,779.20 22,980.04

LIST OF RATIOS

Ratios Formula 2023 2022 2021

Liquidity Ratio
1.
Curre 2.5570233 1.8389071695651 2.6668
Current Ass
nt
Ratio
2.
1.3912573
Quick (Current As 0.739062392471817 1.4799
Ratio
3.
0.2433352
Cash Cash / Curr 0.0536041535508833 0.5734
Ratio
Effeciency/ Turnover Ratio
4.
Asset
Turno Total Sales 0.4032 0.41728350649343 0.3577
ver
Ratio
Total
Sales /
Average
Fixed
Assets
5.
(i.e. PPE
Fixed
CWIP
Asset 0.857051 0.837840652446182 0.7079
ROU
Turno
Intangibl
ver
e Assets
Ratio
&
Investme
nt
Propertie
s)
6.
Curre
nt
Asset Total Sales0.7614017 0.831318855713284 0.7229
Turno
ver
Ratio

7.
Worki
ng
Capita
Total Sale 1.4006967 1.56842697662443 1.1567
l
Turno
ver
Ratio
8.
Trade
Receiv
ables Net Credit3.9312315 4.39059359451712 3.9461
Turno
ver
Ratio

9.
Trade
Receiv
360 / Trad 91.574359 81.9934690492786 91.228
ables
Period
(Days)
10.
Invent
ory
Cost of Go0.6616599 1.01741028202792 0.9402
Turno
ver
Ratio
11.
Invent
ory 360 / Inve 544.08618 353.839553579546 382.9
Period
(Days)
12.
Trade
Payabl
es Purchase o 0 0 0
Turno
ver
Ratio
13.
Trade
Payabl 0 0 0
360 / Trad
es
Period
(Days)
14.
Opera
Days of Tr635.66054 435.833022628824 474.13
ting
Cycle
15.
Cash Operating 635.66054 435.833022628824 474.13
Cycle
Profitability Ratio
16.
Opera
ting
Operating 0.1869361
P 0.192377868313444 0.0907
Profit
Margi
n
17. GroGross Profi0.1886385 0.206548586727405 0.1233
18.
Net
Profit Net Profit 0.1312405 0.141440767879205 0.0867
Margi
n
19.
Retur
n on Net Profit 0.0529162 0.0590208995817578 0.031
Assets
(ROA)
20.
Retur
n on Net Profit 0.1428548 0.174847824549156 0.1271
Equity
(ROE)
 ROA*Lev
erage
Multiplie
r [=Net
Profit
Ratio*Ass
21. ets
ROE Turnover
Dupon *Leverag 0.0108312 0.0129323900005063 0.0039
t e
Analys Multiplie
is r] [ where
Leverage
Multiplie
r=Averag
e Asset /
Average
Equity]

Profit
Before
Interest
& Taxes
(PBIT) /
22.
Average 0.0948559 0.105586015790835 0.0533
ROCE
Capital
Employed
(i.e.
Equity &
Debt)
Capital Structure and Coverage Ratios
23.
Debt-
Total Debt0.1289119 0.200057984966131 0.1341
Asset
ratio
24.
Debt-
Debt / Equ0.1927326 0.329682359476162 0.1932
Equity
Ratio
25.
Intere
st
Profit Befo3.9156052 7.14247250786648 1.459
Cover
age
Ratio
26.
Debt
Servic
e 2.6344527
Earnings av 1.44739593550357 2.2845
Cover
age
Ratio

Earnings
before
depreciati
on debt
interest
and lease
rentals
and
taxes /
27.
Debt
Fixed
Interest +
Charg
lease 3.9156052 7.14247250786648 1.459
e
rentals +
Cover
(Loan
age
repaymen
Ratio
t
instalmen
t / (1 - tax
rate )) +
(preferen
ce
dividends
/ (1-Tax
rate)
28.
Net
Worki
ng
0.3331717
Capita Net Workin 0.231613347238466 0.3092
l to
Total
Assets
Ratio
29.
Equity
Average To1.5596238 1.54916744894568 1.4409
Multip
lier
30.
Long
Term Long Term 0.130792 0.222824610173983 0.0814
Debt
Ratio
31.
Cash
Cover Profit befo 4.975333 9.09258117883673 2.2126
age
Ratio
Other Ratios
32.
Pay- 0 0 0
Dividends D
out
Ratio
33.
Retent 1 1 1
1 - Pay out
ion
Ratio
34.
Net Income15.359494 13.7415109650561 6.4067
EPS
35.
P/E Market Pri56.271384 59.8551354426434 76.358
Ratio
36.
Capita
Earnings p 0.017771 0.0167070042128341 489.2
lizatio
n Rate
37.
P/B 7.969E-07
Market Cap 1.06307389798529E-06 1E-06
Ratio
38.
Divide 0.17% 0.12% 0.10%
Dividend pe
nd
Yield
m Rasa Ltd.
alone Profit and Standalone Cash Flow
Loss Statement
in Million) (in Million) (in Million) (in Million) (in Million)
As at As at Year ended Year ended Year ended
March March 31, March 31, March 31, March 31,
31, 2022 2021 Particulars 2023 2022 2021
A. Cash Flow
from
Operating
Activities

10,660.01 8,108.88 Net profit/(loss 2,422.35 2,201.81 594.24

151.06 264.33 Adjustments for:

10,811.07 8,373.21 Financial charg 618.64 308.27 685.43

Depreciation & 655.59 601.16 516.52

6,929.79 4,693.57 (Profit)/loss o 0.00 2.58 1.79

-
- ESOP Expense 76.95 52.38 -0.01

-3,217.97 -1,303.95 Lease charges 0.96 0.96 6.35

 485.04 324.43 Dividend Inco -14.15 0.96

308.27 685.43 Discard of Prop 33.72 7.47

601.16 516.52 Unrealised exch 88.36 -116.35 -21.99

Operating
Profit before
Working
Capital
3,502.97 2,457.18 changes 3,882.42 3,050.81 2,190.75

Adjustment
8,609.26 7,373.18 for:

2,201.81 1,000.03 (Increase)/decr -169.24 -3,718.14 -1,544.831

(Increase)/decr -1,403.74 -699.16 -1,099.20

391.37 177.28 (Increase)/decr 11.23 -6.36 24.85

302.68 119.79 (Increase)/decre 0.47 -3.30 4.08

694.05 297.07 Increase/(decrea 658.79 16.47 1,006.91

1,507.76 702.96 Cash generated 2,979.94 -1,359.68 182.57

Direct taxes ref -540.09 -354.86 -173.64

Net Cash
Generated
from
Operating
Activities 2,439.85 -1,714.54 8.93

B. Cash Flow
from
Investment
-13.17 -11.91 Activities

4.8 4.4 Acquisition of -2,065.82 -1,467.17 -1,454.35

-8.36 -7.47 Proceeds from s 0.12 1.26 2.89

1,499.40 695.49 Non Current De -662.35

Purchase of non -102.68 -1,481.43 4.01

15.08 8.56 Movement in Ba -1,962.50 -117162 -477.29

15.04 8.56 Dividend incom 14.15

Net Cash
(Used in)
Investing
Activities -4,779.07 -4,118.96 -1,924.75
C. Cash Flow
from
Financing
Activities
Financial charge -581.50 -305.05 -685.30
Payment of lease -93.23 -41.39 -10.59
(Repayments)/P -1,488.02 2,571.38 -2,340.18
(Repayments)/P 1,316.19 1,650.01 -1,903.20
Proceeds from f 72.18 3.24 217.97
Security premi 4,734.58 65.35 9,218.03
Dividend Paid -204.84 -99.92 -
Net Cash
(Used
in)/Generated
from
Financing
Activities 3,755.35 3,843.62 4,157.70
Net Increase/( 1,416.13 -1,989.88 2,241.94
Cash and Cash E 420.62 2,410.49 168.55
Cash and Cash E 1,836.75 420.62 2,410.49
Cash and Cash
(i) Cash on Han 5.15 4.55 5.36
 (ii) Balance wi 1,829.81 415.35 2,404.80
(iii) Balance in 1.79 0.71 0.33
Total 1,836.75 420.62 2,410.49

WORKING CAPITAL = ( Current Assets - Current Liabilty )

2023 2022 2021
11,752.77 6582.72 7010.53
Capital Employed = ( Equity + Non Current Liabilities )
2023 2022 2021

28141.87 22932.42 18774.05

Dividend Declared
 2023 2022 2021

Dividen 1.5 1 0.5

Total D 0 0 0

Outstanding Share
 2023 2022 2021

109.72 109.72 109.72

(in Million)

Market price per share

2023 2022 2021

864.3 822.5 489.2

 Industry analysis
1 2 3 4
Anupam
Can Fin AAA
Industry Rasayan
Meghmani Finechem Ltd. Homes Technol
Average 2023 India
Ltd. ogies ltd.
Ltd.
Liquidy Ratio 2023
Current ratio 3.43 0.65 1.46 9.05 2.55

Quick ratio 3.06 0.32 1.46 9.05 1.39

Cash ratio 0.59 0.02 0.01 2.08 0.24

TURNOVER RATIO 2023

Assets turnover ratio 0.65 0.96 0.08 1.16 0.40

Fixed Assets Turnover Ratio 8.86 1.18 30.20 3.20 0.85

Current asset turnover ratio 1.76 5.05 0.08 1.16 0.76

Working capital turnover ratio -2.82 -13.96 0.26 1.04 1.40

Trade receivable turnover ratio 304.23 10.35 1202.63 0.00 3.93

Trade receivable Period (Days) 31.66 34.76 0.30 0.00 91.57

Inventory turnover ratio 1.82 6.62 0.00 0.00 0.66

Inventory Period (Days) 149.61 54.36 0.00 0.00 544.08

Trade payable turnover ratio 0.99 0.00 3.97 0.00 0.00

Trade payable Period (Days) 22.65 0.00 90.59 0.00 0.00

Operating cycle 181.23 89.12 0.15 0.00 635.66

Cash cycle 181.20 89.13 0.00 0.00 635.66

Profitability Ratio 2023

Operating profit margin 4.70 0.23 0.23 18.14 0.18

Gross profit margin 0.43 0.23 0.30 1.00 0.18

Net profit margin 0.17 0.16 0.23 0.16 0.13

Return on assets (ROA) 0.06 0.15 0.02 0.01 0.05

Return on equity (ROE) 0.25 0.66 0.17 0.02 0.14

ROE Dupont Analysis 0.06 0.06 0.17 0.02 0.01

Return on capital employed 0.22 0.30 0.23 0.27 0.09

Capital structure and coverage ratio 2023

Total debt ratio 0.35 0.29 0.10 0.89 0.12

Dept equity ratio 0.71 0.66 1.88 0.12 0.19

Interest coverage ratio 3.89 7.97 0.48 3.18 3.91

Networking capital to total assets rati 0.35 -0.09 0.32 0.85 0.33

Equity multiplier 3.57 2.53 9.07 1.11 1.55

Long term debt ratio 0.28 0.33 0.65 0.00 0.13

Cash coverage ratio 6.53 9.64 8.24 3.28 4.97

Other Ratio 2023

Payout ratio 0.19 0.06 0.86 -0.18 0.00

Retention ratio 0.83 1 0.14 1.18 1.00

Earnings per share 36.80 85.04 46.65 0.16000 15.35

price earning ratio 24.39 11.09 13.93 16.28 56.27

Capitalization rate 1.58 0.09 0.07 6.14 0.01

Price to book ratio 0.00 0.00 0.00 0.00 0.00

Dividend yield 0.19 0.53 0.06 0.00 0.17

 Industry average 2023

Current ratio

Quick ratio

Cash ratio

TURNOVER RATIO

Assets turnover ratio

Fixed Assets Turnover Ratio

Current asset turnover ratio

Working capital turnover ratio

Trade receivable turnover rati

Trade receivable Period (Days

Inventory turnover ratio

Inventory Period (Days)

Trade payable turnover ratio

Trade payable Period (Days)

Operating cycle

Cash cycle

Operating profit margin

Gross profit margin

Net profit margin

Return on assets (ROA)

Return on equity (ROE)

ROE Dupont Analysis

Return on capital employed

Total debt ratio

Depth equity ratio

Interest coverage ratio

Networking capital to total assets

Equity multiplier

Long term debt ratio

Cash coverage ratio

Payout ratio

Retention ratio

Earnings per share

price earning ratio

Capitalization rate

Price to book ratio

Dividend yield
 Meghmani Finechem Ltd.

The company's current ratio of 1.64 is slightly lower than the industry average of 1.68 for 2023. This indicates the company
has marginally less short-term assets to cover its immediate liabilities compared to the average industry player.
The company's quick ratio of 0.77 in 2023 falls noticeably below the industry average of 1.32, suggesting potential
challenges in readily meeting short-term obligations with its most liquid assets.
The company's cash ratio of 0.00 in 2023 is significantly lower than the industry average of 0.15, indicating a critical
shortage of liquid assets relative to its short-term liabilities.

The company's asset turnover ratio of 0.97 in 2023 exceeds the industry average of 0.77, suggesting stronger efficiency in
generating sales from its assets.
The company's fixed asset turnover ratio of 4.42 in 2023 is higher than the industry average of 2.90. This suggests the
company is generating more revenue per dollar of fixed assets compared to its peers.
The company's current asset turnover ratio of 5.41 in 2023 is significantly higher than the industry average of 3.14. This
suggests the company is efficiently converting its current assets into sales compared to its peers.
Company's working capital turnover (11.34) exceeding industry average (10.92) suggests efficient management of current
assets to generate revenue, though further analysis is needed to assess sustainability and potential efficiency imbalances.
The company's significantly slower trade receivable turnover (3.94 vs. industry average 13.13) likely indicates inefficient
collection practices, potentially impacting cash flow and profitability.
The company's trade receivable period of 91.31 days significantly exceeds the industry average of 59.86, indicating a much
slower than average collection of customer payments, potentially impacting cash flow and profitability.
The company's inventory turnover ratio of 2.19 in 2023 is lower than the industry average of 3.21, indicating it takes longer
to sell its inventory compared to its peers, potentially impacting cash flow and profitability.
The company's significantly higher inventory period of 164.67 days compared to the industry average of 118.33 indicates
slower inventory turnover and potentially higher holding costs.
The company's lower Trade Payable Turnover Ratio of 3.94 compared to the industry average of 4.66 suggests they take
longer to pay suppliers, potentially indicating weaker supplier relationships or cash flow concerns.
The company's significantly longer trade payable period (91.31 days) compared to the industry average (42.41 days)
suggests potentially slow payment practices or strained supplier relationships.
The company's significantly higher Operating Cycle Ratio (255.98) compared to the industry average (154.53) in 2023
indicates a longer cash conversion cycle and potentially slower cash flow, raising concerns about operational efficiency and
liquidity.
The company's significantly higher cash cycle ratio of 246.86 compared to the industry average of 145.52 in 2023 indicates
much slower conversion of inventory and receivables into cash.

The company's 2023 operating profit margin of 0.05 is alarmingly low compared to the industry average of 0.38, suggesting
severe operational inefficiency and weak profitability.
The company's 2023 gross profit margin of 0.12 is alarmingly low compared to the industry average of 0.69, suggesting
severe inefficiency in cost conversion and potentially signaling profit sustainability issues.
The company's 2023 net profit margin of 0.03 is 77% lower than the industry average of 0.13, suggesting severe
profitability issues and potential inefficiency in converting revenue to profit.
Company's 2023 ROA of 0.03 falls below the industry average of 0.05, suggesting lower efficiency in generating profit
from its assets.
Company's 2023 ROA of 0.03 falls below the industry average of 0.05, suggesting lower efficiency in generating profit
from its assets.
Despite falling below the industry average of 0.30, the company's ROE of 0.19 suggests some profitability, but warrants
further investigation given the potential for efficiency improvements.
Company's ROE of 0.33 significantly outperforms the industry average of 0.14, suggesting exceptional efficiency in
generating profit from resources, potentially indicating strong competitive advantage.
Both industry and company ROCE are negative in 2023, indicating widespread losses but the company's significantly worse
performance (-113.76 vs. -29.75) raises urgent concerns about capital utilization and profitability.

A company's total debt ratio of 0, compared to the industry average of 0.36 in 2023, suggests it operates entirely debt-free,
implying either exceptional financial strength or potentially limited access to financing.
Company's depth equity ratio of 0.56 in 2023 is significantly lower than the industry average of 4.80, indicating much
higher leverage and greater reliance on debt compared to its peers.
Company's 7.19 interest coverage ratio in 2023 reflects significantly weaker debt servicing ability compared to the industry
average of 194.52, raising concerns about potential financial distress.

Company's higher net working capital ratio (0.25) compared to industry average (0.16) suggests efficient management of
current assets and liabilities, potentially indicating stronger short-term liquidity and financial flexibility.
The company's significantly lower equity multiplier (1.71) compared to the industry average (12.61) indicates they rely
heavily on debt financing, potentially raising concerns about financial risk and stability.
The company's significantly lower long-term debt ratio of 0.03 compared to the industry average of 0.21 suggests
potentially low financial leverage and a conservative capital structure.
The company's cash coverage ratio is a staggering -94.45% lower than the industry average, indicating an extremely weak
ability to cover short-term obligations.

A payout ratio of 0 for the company compared to the industry average of 0.31 indicates no dividend distribution, suggesting
potential concerns about profitability or prioritizing investment for future growth.
The company's retention ratio of 1 significantly exceeds the industry average of 0.49, implying exceptional customer loyalty
and potentially strong future revenue streams.
Company's 2023 EPS of 42.32 significantly exceeds the industry average of 26.39, indicating superior profitability and
earning power compared to its peers.
The company's significantly lower P/E ratio of 7.01 compared to the industry average of 20.34 suggests it might be
undervalued, potentially offering a buying opportunity.
Despite the negative industry capitalization rate average (-0.01), the company's positive rate (0.14) suggests it's
outperforming the sector in asset value generation from its investments.
The company's PE ratio of 7.01, lower than the industry average of 8.81 in 2023, could indicate potential undervaluation
compared to its peers
A company's dividend yield of 0 in 2023 compared to the industry average of 0.01 indicates it currently does not distribute
dividends to shareholders.
 Can Fin Homes Ltd.

The company's current ratio of 1.97 exceeds the industry average of 1.68, indicating stronger short-
term liquidity and ability to meet current obligations
The company's quick ratio of 1.49 being slightly higher than the industry average of 1.32 suggests it
has a marginally better ability to meet its immediate obligations with its most readily available assets
compared to its peers.
he company's cash ratio of 0.05, significantly lower than the industry average of 0.15, raises serious
concerns about its immediate liquidity and ability to meet short-term obligations without external
financing

The company's asset turnover ratio of 0.51, significantly lower than the industry average of 0.77,
suggests it's generating less revenue per unit of assets compared to its peers.
The company's fixed asset turnover ratio of 1.47 falling well below the industry average of 2.90
indicates they're generating revenue from fixed assets at a significantly slower rate than its peers.
The company's current asset turnover ratio of 1.59 being significantly lower than the industry average
of 3.14 suggests it's generating revenue from its current assets at a much slower rate than its peers.
The company's working capital turnover ratio of 5.42, significantly lower than the industry average of
10.92, indicates it's converting its working capital into sales at a much slower rate than its peers.
The company's trade receivables turnover ratio of 3.66, significantly lower than the industry average
of 13.13, indicates it's collecting outstanding customer payments (credit sales) at a much slower rate
than its peers.
The company's trade receivables period of 98.34 days, significantly exceeding the industry average of
59.86 days, indicates it takes an average of 38.48 days longer to collect outstanding customer
payments compared to its peers.
The company's inventory turnover ratio of 1.33, significantly lower than the industry average of 3.21,
indicates it takes approximately 2.4 times longer (3.21 / 1.33) to sell its inventory compared to its
peers
The company's inventory period of 270.05 days, significantly exceeding the industry average of
118.33 days, indicates it takes 151.72 days longer (270.05 - 118.33) on average to sell its inventory
compared to its peers.
The company's trade payable turnover ratio of 10.33, significantly exceeding the industry average of
4.66, indicates it's paying its suppliers much faster than its peers
he company's trade payable period of 35.91 days, shorter than the industry average of 42.41 days,
indicates it pays its suppliers faster than its peers by an average of 6.5 days.
The company's operating cycle of 368.39 days, significantly exceeding the industry average of 154.53
days, indicates it takes more than twice as long (213.86 days longer) to convert its inventory into cash
compared to its peers.
The company's cash cycle of 332.48 days, significantly exceeding the industry average of 145.52 days,
indicates it takes more than double the time (186.96 days longer) to convert its cash invested in
operations back into cash compared to its peers

The company's operating profit margin of 0.08, significantly lower than the industry average of 0.38,
suggests substantial inefficiencies in its core operations.
The company's gross profit margin of 0.77, exceeding the industry average of 0.69, suggests greater
efficiency in managing its cost of goods sold compared to its peers.
The company's net profit margin of 0.08, falling significantly below the industry average of 0.13,
suggests challenges in converting its operating profit into net profit.
The company's ROA of 0.04, slightly lower than the industry average of 0.05, suggests it's generating
a marginally lower return on its invested assets compared to its peers
The company's ROA of 0.04, slightly lower than the industry average of 0.05, suggests it's generating
a marginally lower return on its invested assets compared to its peers
The company's ROE of 0.07, significantly lower than the industry average of 0.30, suggests it's
generating a much lower return on its shareholders' equity compared to its peers
The company's ROE DuPont of 0.07, significantly lower than the industry average of 0.14, indicates
it's generating a much lower return on its shareholders' equity compared to its peers.
The company's return on capital employed (ROCE) of 0.05, significantly outperforming the negative
industry average of -29.75, suggests it's generating a positive return on its invested capital while the
industry as a whole is struggling.

The company's total debt ratio of 0.19, significantly lower than the industry average of 0.36, indicates
it finances its operations with considerably less debt compared to its peers.
The company's total debt-to-equity ratio of 0.32, significantly lower than the industry average of 4.80,
suggests that it relies substantially less on debt financing compared to its peers.
The company's total interest coverage ratio of 4.69, significantly lower than the industry average of
194.52, raises strong concerns about its ability to cover its interest expenses with operating income

The company's total net working capital to total assets ratio of 0.34, significantly exceeding the
industry average of 0.16, suggests it holds a much larger proportion of its assets in current assets
compared to its peers.
The company's equity multiplier of 1.73, significantly lower than the industry average of 12.61,
implies it relies heavily on debt compared to its peers to finance its assets

The company's payout ratio of 1.49, significantly exceeding the industry average of 0.31, indicates it's
distributing a much larger proportion of its profits to shareholders as dividends compared to its peers
The company's retention ratio of -0.49, significantly lower than the industry average of 0.49, suggests
it's experiencing negative retention. This means it's losing customers or clients at a faster rate than its
peers.

The company's price-to-earnings (P/E) ratio of 13.83, exceeding the industry average of 8.81, suggests
that investors are willing to pay a premium of 56% for each of the company's earnings compared to its
peers
The company's capitalization rate (cap rate) of 0.01, slightly exceeding the industry average of -0.01,
suggests a very small difference in the valuation of income-producing assets between the company
and its peers
The company's price-to-book (P/B) ratio of 13.43, significantly exceeding the industry average of -
8.81, suggests investors are willing to pay a substantial premium
The company's dividend yield of 0.01, equaling the industry average of 0.01, suggests it offers a very
low return on investment through dividends.
 AAA Technologies Ltd.

The company's current ratio of 1.10 is lower than the industry average of 1.68, suggesting
potentially weaker short-term solvency compared to its peers

The company's quick ratio of 0.76 in 2023 falls noticeably below the industry average of 1.46,
suggesting potential limitations in readily available assets to cover immediate debts.
Company's cash ratio below industry average (0.12 vs. 0.18) raises potential liquidity concerns,
needing closer examination of short-term debt and cash flow.

Company's asset turnover ratio significantly exceeding industry average (2.00 vs. 0.72) suggests
efficient asset utilization but may expose them to overdependence on specific assets or higher
operating risks.
Despite being slightly higher than the industry average of 2.52, the company's Fixed Assets
Turnover Ratio of 2.92 suggests efficient utilization of fixed assets for generating sales in 2023.
The company's 2023 fixed current asset turnover ratio of 6.30 significantly exceeds the industry
average of 2.57, implying it generates much more revenue per unit of invested fixed assets,
suggesting higher efficiency or potentially aggressive asset management.
Company's working capital turnover of 32.25 significantly exceeds the industry average (10.82),
suggesting its working capital is being used too efficiently, potentially indicating inventory
stockouts or delayed payments to suppliers.
The company's Trade Receivable Turnover Ratio of 17.14 exceeding the industry average of 15.42
suggests it manages credit collections more efficiently, potentially indicating faster cash inflows.
The company's Trade Receivable Period of 21 days in 2023 significantly outperforms the industry
average of 52 days, indicating exceptional efficiency in collecting customer payments.
Company's inventory turnover significantly exceeds industry average, suggesting potential
overstocking, inefficient sales, or issues with inventory management.
The company's significantly lower inventory period (38.61 days) compared to the industry average
(102.89 days) suggests efficient inventory management with faster turnover and potentially
improved cash flow.
NA

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The company's significantly shorter operating cycle (59.61) compared to the industry average
(129.16) suggests faster cash conversion efficiency, potentially indicating improved liquidity and
profitability.
The company's significantly faster cash cycle of 59.61 compared to the industry average of 120.18
suggests efficient cash conversion, potentially indicating strong liquidity and financial health.

Company's 2023 operating profit margin of 0.07 is significantly below the industry average of 0.46,
indicating severe profitability concerns and potential operational inefficiencies.
The company's 2023 gross profit margin of 0.56 significantly trails the industry average of 0.83,
highlighting a likely inefficiency in generating profits from revenue.
The company's 2023 net profit margin of 0.04 vs. the industry average of 0.15 signals significantly
lower profitability and raises concerns about potential operational inefficiencies or competitive
disadvantages.
The company's ROA of 0.09 surpasses the industry average of 0.05, indicating superior efficiency in
generating profit from its total assets.
The company's ROA of 0.09 surpasses the industry average of 0.05, indicating superior efficiency in
generating profit from its total assets.
The company's 2023 ROE of 0.15 significantly lags the industry average of 0.32, suggesting lower
profitability and efficiency in generating returns on shareholders' equity.
Company outperforms industry in profitability (ROE) despite potential operational efficiency
concerns due to ROE exceeding industry average but not driven by proportionally higher Asset
Turnover.
Company's alarmingly low cash coverage ratio of 13.90 in 2023 compared to the industry average of
269.45 suggests severe difficulty in handling short-term debt with current cash and raises significant
solvency concerns.

The company's long-term debt ratio of 0.12 in 2023 is lower than the industry average of 0.27,
suggesting a more conservative financing structure with less reliance on long-term debt.
Company's higher debt-to-equity ratio (17.59) compared to industry average (16.21) suggests greater
financial leverage but potentially higher risk and lower shareholder equity protection.
Company's 2023 interest coverage ratio of 10.58 is alarmingly low compared to the industry average
of 241.35, indicating a severe struggle to cover interest expenses with operating income, raising
concerns about potential debt defaults.

The company's 2023 net working capital to total assets ratio of 0.08 is substantially lower than the
industry average of 0.13, indicating weaker efficiency in managing current assets relative to its size.
Company's unusually high equity multiplier (55.24) compared to industry average (15.34) suggests
aggressive financing through debt, potentially raising financial risk and instability.
The company's long-term debt ratio of 0.12 in 2023 is lower than the industry average of 0.27,
suggesting a more conservative financing structure with less reliance on long-term debt.
Company's 2023 interest coverage ratio of 10.58 is alarmingly low compared to the industry average
of 241.35, indicating a severe struggle to cover interest expenses with operating income, raising
concerns about potential debt defaults.

The company's 2023 payout ratio of 0.07 is vastly lower than the industry average of 0.39, indicating
a very conservative dividend policy compared to its peers
The company's retention ratio of 0.93 in 2023 exceeds the industry average of 0.36, indicating
significantly higher customer loyalty and potentially stronger future revenue streams.
The company's 2023 EPS of 42.42 significantly exceeds the industry average of 21.08, indicating
exceptional profitability relative to its peers.
A lower price-to-earnings (P/E) ratio of 18.32 compared to the industry average of 24.79 suggests
the company might be undervalued relative to its peers.
The company's positive Capitalization Rate of 0.05 in 2023, while slightly exceeding the industry
average of -0.05, still indicates minimal profit generation relative to its capital employed, raising
concerns about operational efficiency and long-term profitability.
The company's Price to Book (P/B) ratio of 2.52 significantly exceeds the industry average of 8.81
for 2023, implying the market values the company's stock 2.52 times its net book value.
The company's dividend yield of 0.01 aligns with the industry average of 0.01 for 2023, indicating a
focus on reinvesting profits for growth rather than distributing them as dividends.
 Anupam Rasayan India Ltd.

The company's current ratio of 1.88 in 2023 exceeds the industry average of 1.68, suggesting slightly better short-term solvency and ability t
cover immediate obligations compared to its peers.
The company's quick ratio of 1.78 in 2023 is higher than the industry average of 1.32, indicating a stronger short-term liquidity position. Thi
means the company has more readily available assets to cover immediate liabilities.
The company's quick ratio of 0.56 in 2023 is significantly higher than the industry average of 0.15, suggesting much stronger short-term
liquidity.This indicates the company has a readily available cushion of assets to cover immediate liabilities.

the company's assets turnover ratio of 0.11 in 2023 is significantly lower than the industry average of 0.77, indicating much weaker efficienc
generating revenue. This suggests the company might be underutilizing its assets or facing operational inefficiencies.
The company's fixed assets turnover ratio of 2.32 in 2023 is slightly lower than the industry average of 2.9, suggesting it's generating revenu
from its fixed assets at a somewhat slower rate. This indicates potential underutilization of fixed assets and inefficiencies in fixed asset-relate
operations.
The company's current asset turnover ratio of 1.63 in 2023 is significantly lower than the industry average of 3.14. This suggests the compan
generating less revenue as compared to other companies. This indicates slower inventory turnover, inefficient collection of receivables, or
holding excessive cash equivalents.
The company's working capital turnover ratio (4.45) in 2023 is significantly lower than the industry average (10.92). This suggests the comp
is less efficient at converting its current assets into sales.
The company's trade receivable turnover ratio of 4.57 in 2023 is significantly lower than the industry average of 13.13. This suggests that it t
the company much longer to collect payments from clients.
This suggests it takes the company longer to collect customer payments, potentially impacting cash flow and profitability.

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This suggests the company is much more efficient in sales and collecting payments. This potentially leads to improved cash flow and
profitability.
The company's cash cycle of 78.73 days in 2023 is significantly shorter than the industry average of 145.52 days. This suggests the company
more efficient in receivables into cash compared to its peers.

The company's operating profit margin of 0.73 in 2023 is significantly higher than the industry average of 0.38, suggesting it's more efficient
generating profit from its operations. This is due to factors like stronger pricing power, better cost control, or higher operational efficiency.
The company's gross profit margin of 1.0 in 2023 is higher than the industry average of 0.69, suggesting it's retaining a larger portion of its
revenue as gross profit.
The company's net profit margin of 0.19 in 2023 is higher than the industry average of 0.13, suggesting stronger profitability and efficiency a
converting revenue into net profit.
The company's ROA of 0.02 in 2023 is significantly lower than the industry average of 0.05, suggesting it's generating less profit. This is du
potential underperformance in utilizing its resources.
The company's ROA of 0.02 in 2023 is significantly lower than the industry average of 0.05, suggesting it's generating less profit. This is du
potential underperformance in utilizing its resources.
The company's ROE of 0.06 in 2023 is significantly below the industry average of 0.3, suggesting a potential challenge in generating returns
shareholders.
The company's ROE Dupont Analysis of 0.06 in 2023 indicates a lower profitability and efficiency in utilizing equity compared to the indust
average of 0.14, suggesting potential challenges in generating returns for shareholders.
The company's positive Return on Capital Employed (ROCE) of 0.02 in 2023 contrasts with the industry's negative average of -29.75, sugge
the company is more effective in generating returns from its capital compared to the industry norm.

Indicating a comparatively higher reliance on debt for financing, potentially posing higher financial risk.

The company's Depth Equity Ratio of 0.72 in 2023 is significantly lower than the industry average of 4.8, indicating a comparatively lower l
of leverage or debt utilization, which may imply a conservative financial structure.
The company's interest coverage ratio of -1.83 in 2023 is extremely concerning compared to the industry average of 194.5. A negative value
indicates the company's earnings are insufficient to cover even its interest expenses, raising serious doubts about its ability to meet debt
obligations.

The company's networking capital to total assets ratio of 0.03 in 2023 is significantly lower than the industry average of 0.16. Indicating a
potential liquidity challenge and less efficient utilization of assets compared to industry peers.
The company's Equity Multiplier of 3.22 in 2023 indicates a lower level of financial leverage compared to the industry average of 12.61,
suggesting a conservative approach to financing and potentially lower risk.
The company's Long Term Debt Ratio of 0.69 in 2023 exceeds the industry average of 0.21, indicating a relatively higher proportion of long
debt in its capital structure, potentially posing higher financial risk.
The company's Cash Coverage Ratio of -1.76 in 2023 indicates a concerning inability to cover its debt obligations with operating cash flow,
contrasting sharply with the industry average of 217.98.

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The company's Earnings Per Share (EPS) of 13.76 in 2023 falls below the industry average of 26.39, indicating comparatively lower profitab
on a per-share basis.
The company's negative Price-Earnings Ratio of -3.4 in 2023 implies a potential loss and contrasts unfavorably with the industry average of
20.34, indicating a divergence in earnings performance.
The company's Capitalization Rate of -0.29 in 2023, compared to the industry average of -0.01, indicates a higher cost of capital and may sig
potential financial challenges, raising concerns about its valuation and profitability.
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