Inkel Limited Unlisted Shares
(i) INKEL Limited is a Public-Private Partnership (PPP) initiative promoted by the Government of Kerala. It brings together, the government agencies, non-resident and resident investors and the general public, to create a platform for the development of public infrastructure.
(ii) The primary objective of INKEL is to channelize and public and private capital and professional expertise for infrastructure development.
(iii) Inkel offers services ranging from concept development to the completion and handing over of projects in the following sectors.
a) Health Care
The Company was conferred with the status of a Special Purpose Vehicle by the Government of Kerala for the execution of major health care projects under its ‘Healthcare to the Poor’ mission. These include Cochin Cancer Hospital and Research Centre; Ernakulam Medical College; Thiruvananthapuram Medical College; Wynad Medical College; General Hospitals at Ernakulam, Punalur, Chirayinkeezhu, Kottayam and much more aggregating to project value of nearly Rs.3000 Crores.
The Company is entitled to a specified percentage of the project cost for implementing the projects and successful completion of these projects would take the Company to the unique position of the implementing agency of the largest healthcare projects in Kerala.|
b) Other GoK Assignments
The government of Kerala has also appointed the Company as either as an SPV or awarded the assignments on deposit work basis for jobs aggregating to approximately Rs.400 Crores. These include KINFRA Defence Park, Kerala State Coir Corporation, ETP Chandiroor, KINFRA Mega Food Park, Musiris Heritage Project, KSIDC Life Science Park, Alappuzha Mobility Hub, and Alappuzha Heritage project.
c) Solar Energy
The Company registered major success in the Solar Energy business with a turnover of Rs. 20 Crores in FY18 taking the company as one of the major companies in the renewable energy segment.
d) Road Projects
The Company in a joint venture with M/s. EKK Infrastructure Limited completed its first PPP Road project with a value of Rs.161.48 Crores, in May 2018, five months ahead of the scheduled completion date. The Concession Period of the Project is 15 years with 2 years for Construction and 13 years for Maintenance.
e) INKEL Business Park IBP Angamaly
Company’s two Towers at the IBP have attracted entrepreneurs and investments from different segments of the Industry. The total space constructed at this park is 4.25 lac square feet. While Tower I is fully occupied, one floor of Tower II is vacant and it is quite likely that this space also would be leased in the next two to three months. In the wake of this success, over the next couple of years, 4 more Towers are being planned at the Business Park. The work on the first tower would start in two months.
Inkel Limited Unlisted Shares Details:
| Total Available Shares: | 1000 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE308U01017 |
| Lot Size: | 500 Shares |
| Current Unlisted Share Price: | ₹ Best In industry Per Equity Share |
Promoters And Management:
Shareholding Pattern:
Shareholding pattern as on 31.03.2019
| Name of shareholders | No. of shares | held Percentage |
| Govt. of Kerala | 4,05,00,000 | 22.78 |
| Govt. Companies | 1,20,00,000 | 6.74 |
| Directors/Relatives of Directors | 7,70,74,042 | 43.35 |
| Foreign Holdings | 2,31,33,953 | 13.01 |
| Banks & Corporate Holdings | 90,85,544 | 5.11 |
| Others | 1,60,20,795 | 9.01 |
Financials of Inkel Limited Unlisted Shares:
Financials of Inkel Limited (Fig. in Lakhs) Revenue, PAT and EPS Analysis
| Year | Revenue | EBITDA | OPM | PAT | NPM | Shares | F.V. | EPS |
| 2016 | 5,851 | 2,107 | 36% | 314 | 5% | 1,630 | 10 | 0.19 |
| 2017 | 4,458 | 780 | 18% | -214 | -5% | 1,630 | 10 | -0.13 |
| 2018 | 19,609 | 3,616 | 18% | 1,938 | 10% | 1,630 | 10 | 1.19 |
| 2019 | 11,173 | 1,767 | 16% | -1,124 | -10% | 1,778 | 10 | -0.63 |
| CAGR | 24% | -6% | -253% |
Debt, Net-worth, ROE and ROCE Analysis
| Year | Long-Term Debt | Short-Term Debt | Total Debt | NW | Debt/NW | RoNW |
| 2016 | 300.00 | 938 | 1238 | 17,426 | 0.07 | 2% |
| 2017 | 3,291 | 563 | 3854 | 17,996 | 0.21 | -1% |
| 2018 | 9,806 | 4,633 | 14440 | 20,501 | 0.70 | 9% |
| 2019 | 13,387 | 6,407 | 19795 | 20,883 | 0.95 | -5% |
Free cash flow Analysis
| Year | CA | CL | Current Ratio | Debtor days | CFO | Capital Exp. | FCF |
| 2016 | 7,080 | 3,670 | 1.93 | 265 | 1,491 | 3,080 | -1,589 |
| 2017 | 7,649 | 3,734 | 2.05 | 194 | 2,727 | 3,801 | -1,073 |
| 2018 | 13,774 | 11,525 | 1.20 | 78 | -3,796 | 1,077 | -4,873 |
| 2019 | 18,359 | 13,303 | 1.38 | 246 | -4,628 | 203 | -4,832 |
Company Address:
About INKEL LIMITED UNLISTED SHARE
INKEL LIMITED is a joint initiative among Prominent global investors, Government agencies and NRI industrialists/businessmen. INKEL Limited was established by the Government of Kerala to channelize private capital and professional expertise into large scale projects such as roads & bridges, industrial business park, transport, power, trade centres, etc.
Inkel Limited vision is to become an one stop destination for executing large scale projects related to infrastructure and to develop the state’s economy. It will act as a platform for private investors to invest in Kerala’s infrastructural projects.
The company provides services ranging from initial planning to the completion and maintenance of projects. The sectors in which Inkel Limited is working are Construction, roads & services, industrial infrastructure, solar energy, engineering designs & consultancy, PMC, advisory & management consultancy, health & hospitality and Education & skill development.
Inkel Limited has got the status of Special Purpose Vehicle by the Government of Kerala to handle health care projects under the ‘Healthcare to the Poor’ mission. Moreover, The company is responsible to develop 39 schools. Inkel Limited is also working on construction of 23 Sub Treasury Buildings in different districts of Kerala.
INCORPORATION DETAILS
| CIN | U45209KL2007PLC020471 |
| Registration Date | 09 March 2007 |
| Category/Sub-category of the Company | Closely held public Company limited by shares |
| Address of the Registered office and contact details | Door No. 7/473 ZA-5&6, 2nd Floor, Ajiyal Complex,
Kakkanad, Cochin – 682030 Ph: 0484 – 6491138 |
| Name, Address and Contact Details of
Registrar and Transfer Agent, if any |
Integrated Registry Management Services Pvt. Ltd.
No. 30 Ramana Residency, 4th Cross Sampige Road Malleswaram, Bengaluru – 560 003 Tel: (080) 23460815 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
| Name and Description of main products/services | NIC Code of the product/service | % to the total turnover of the Company |
| Infrastructural projects | 45 | 100% |
INKEL LIMITED’S BOARD OF DIRECTORS
Shri E P Jayarajan (Chairman)
Dr. K Ellangovan IAS (Principal Secretary, Industries)
Shri. Varghese Kurian (Managing Director, ALNAMAL Group)
Shri. C V Rappai (Director & GM, Video Home)
Shri. Jayakrishnan Krishna Menon (Chairman, ABN Corporation, Doha)
Shri. Jacob Kovoor(Independent Director)
Smt. Vidhya Sangeeth(Independent Director)
Mr. A Mohanlal (Managing Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES of INKEL LIMITED
| Name of the Company | Subsidiary/Associate | % of shares held |
| INKEL-KSIDCProjects Limited | Subsidiary | 74% |
| MIV LogisticsPrivate Limited | Associate | 39.43% |
| Thalikulam PURAPrivate Limited | Subsidiary | 98.86% |
| Tirurangadi PURAPrivate Limited | Subsidiary | 98.84% |
| INKES TradeCentre Limited | Subsidiary | 74% |
| Seguro – INKELConsortium LLP | Associate | 45% |
| INKEL-EKK RoadsPrivate Limited | Subsidiary | 72% |
| Seguro Foundations& Structure Pvt Ltd | Subsidiary | 65% |
| INKELInfrastructureDevelopmentProjects Limited | Subsidiary | 100% |
SHAREHOLDING PATTERN of INKEL LIMITED (As of 31-03-2020)
| S. No. | Shareholders’ Name | Number of shares | % of total Shares of the company |
| 1 | Government of Kerala | 4,05,00,000 | 22.78% |
| 2 | Government Companies | 1,20,00,000 | 6.74% |
| 3 | Directors / Relatives of Directors | 7,70,74,042 | 43.35% |
| 4 | Foreign Holdings | 2,31,33,953 | 13.01% |
| 5 | Banks & Corporate Holdings | 90,85,544 | 5.11% |
| 6 | Others | 1,60,20,795 | 9.01% |
| Total | 17,78,14,334 | 100.00% |
INDUSTRY OUTLOOK
The infrastructure sector is a key driver not just for India’s economy but also for the economy of states. The infrastructure sector is heavily responsible for driving India’s overall development. The sector mainly includes bridges & dams, power, roads, and urban infrastructure development.
The path to infrastructure development in India is exciting and promising. The COVID 19 pandemic and the nationwide lockdown made the infrastructure sector to stop. But, after the restriction of COVID 19 being uplifted, the work in the infrastructure sector has progressed. Additionally, the government’s reforms and financing models are increasing the confidence of investors. In November 2020, the Government of India extended the viability gap funding for public-private partnership projects till FY 2024-25 and allocated Rs. 8,100 Crores for the same purpose. To increase foreign funding in the infrastructure sector, Tax exemptions were given on interest dividend and capital gain incomes of sovereign wealth funds & global pension funds.
In the Union budget of 2021, the Government of India has given very high importance to infrastructure development. They proposed Rs. 5.54 lakh crore for capital expenditure. In which, Rs. 20,000 Crores are allocated to set up Development Financial Institution (DFI) to act as a provider, enabler, and catalyst for infrastructure financing.
In Kerala, a project named Integrated Manufacturing Cluster is proposed to facilitate investment, and innovation, enhance skill development and build manufacturing infrastructure. A Multi-Modal Logistics park including a Free Trade Warehousing Zone is proposed to be set up in Cochin Port. More projects like Kochi Metro Bliss City, International Exhibition and Conference Centre, etc are proposed.
KEY FINANCIALS OF INKEL LIMITED (In Rs. Lakhs)
| Particulars | 2020 | 2019 | 2018 | 2017 |
| Revenue from Operations | 6,615.17 | 10,235.45 | 19,130.33 | 4,077.34 |
| EBITDA | 1,667.09 | 829.53 | 3,137.68 | 400.01 |
| EBITDA margin | 25.20% | 8.10% | 16.40% | 9.81% |
| Finance Cost | 2,561.22 | 2,085.83 | 978.23 | 257.39 |
| Depreciation | 572.64 | 555.26 | 467.12 | 464.71 |
| Other Income | 1,114.89 | 938.17 | 478.79 | 380.91 |
| Profit Before share in profit/loss from associates and Tax | -351.88 | -873.39 | 2,171.12 | 58.81 |
| Share of profit/loss from associates | 61.31 | 37.01 | 0.00 | 0.00 |
| Total Tax | -44.15 | 287.88 | 232.25 | 273.28 |
| Profit After Tax (PAT) | -246.42 | -1,124.26 | 1,938.88 | -214.47 |
| EPS | -0.11 | -0.3 | 1.1 | -0.07 |
BALANCE SHEET OF INKEL LIMITED(In Rs. Lakhs)
| Particulars | 2020 | 2019 |
| ASSETS | ||
| NON CURRENT ASSETS | ||
| Tangible assets | 10,880.42 | 11,202.66 |
| Intangible assets | 17.28 | 7.34 |
| Investments | 2,041.09 | 1,963.20 |
| Long term loans and advances | 2,809.51 | 1,203.30 |
| Tax assets | 213.78 | 195.34 |
| Other non current assets | 14,138.07 | 15,294.18 |
| TOTAL NON CURRENT ASSETS | 30,100.14 | 29,866.01 |
| CURRENT ASSETS | ||
| Inventories | 265.45 | 131.60 |
| Trade Receivables | 5,413.05 | 6,890.20 |
| Cash and Cash Equivalents | 7,592.18 | 5,706.10 |
| Short-Term Loans and Advances | 5,220.31 | 3,457.30 |
| Other Current Assets | 2,953.75 | 2,173.91 |
| TOTAL CURRENT ASSETS | 21,444.74 | 18,359.12 |
| TOTAL ASSETS | 51,544.88 | 48,225.13 |
| EQUITY AND LIABILITIES | ||
| EQUITY | ||
| Share capital | 17,781.43 | 17,781.43 |
| Reserves and Surplus | 786.77 | 1,498.30 |
| Minority Interest | 1,545.82 | 1,603.95 |
| TOTAL EQUITY | 20,114.02 | 20,883.69 |
| LIABILITIES | ||
| NON CURRENT LIABILITIES | ||
| Long Term Borrowings | 18,518.03 | 13,487.86 |
| Deferred Tax Liabilities (Net) | 238.49 | 299.46 |
| Other long term liabilities | 249.47 | 201.19 |
| Long Term Provisions | 129.59 | 149.39 |
| TOTAL NON CURRENT LIABILITIES | 19,135.57 | 14,137.89 |
| CURRENT LIABILITIES | ||
| Short Term Borrowings | 7,156.81 | 6,407.61 |
| Trade Payables | 641.48 | 1,861.78 |
| Other Current Liabilities | 4,452.20 | 4,530.33 |
| Short-Term Provisions | 44.80 | 403.83 |
| TOTAL CURRENT LIABILITIES | 12,295.29 | 13,203.55 |
| TOTAL LIABILITIES | 31,430.86 | 27,341.44 |
| TOTAL EQUITY AND LIABILITIES | 51,544.88 | 48,225.13 |
DIVIDEND HISTORY of INKEL LIMITED
| Particulars | 2020 | 2019 | 2018 |
| Dividend (final + interim) (In Rs.) | Nil | 0.20 | 0.35 |
FINANCIAL PERFORMANCE OF THE INKEL LIMITED
Revenue from Operations of the company reduced by 35.37% from Rs. 10,235.45 lakhs in FY 2019 to Rs. 6,615.17 lakhs in FY 2020.
Despite sharp fall in operational revenue, EBITDA of the company increased by 101% from Rs. 829.53 lakhs in FY 2019 to Rs. 1,667.09 lakhs in FY 2020. EBITDA margins have grown from 8.10% in FY 2019 to 25.20% in FY 2020. This clearly states that the company has improved its efficiency and productivity in FY 2020.
Finance cost of the company increased by 22.79% from Rs. 2,085.83 lakhs in FY 2019 to Rs. 2,561.22 lakhs in FY 2020.
In FY 2019, the company incurred a loss of Rs. 1,124.26 lakhs, which improved in FY 2020 to a loss of Rs. 246.42 lakhs.
Total debt of the company increased by 29.04% from Rs. 19,895.47 lakhs in FY 2019 to Rs. 25,674.84 lakhs in FY 2020.
Total book value of the company as of 31st March 2020 was Rs. 20,114.02 lakhs, which translates to book value of Rs. 11.31 per equity share.
Current ratio of the company as of 31st march 2020 was 1.74. This states that the company is not facing any liquidity issues.
Reserves and surplus of the company decreased by 47% in FY 2020 to Rs. 786.77 lakhs from Rs. 1,498.30 lakhs in FY 2019.
Debt to Equity ratio of the company as of 31st March 2020 was 1.27.
Inkel Limited Balance Sheet (In Rs. Lakhs)
| Particulars | 2023 | 2022 |
| I. EQUITY AND LIABILITIES | ||
| (1) Shareholders ‘ Funds | ||
| (a) Share Capital | 17,781.43 | 17,781.43 |
| (b) Reserves and Surplus | 2,720.71 | 2,233.22 |
| (2) Non – Current Liabilities | – | – |
| (a) Long – Term Borrowings | ||
| (b) Deferred Tax Liabilities (Net) | 24.84 | 86.09 |
| (c) Other Long Term Liabilities | 20.79 | 34.08 |
| (d) Long – Term Provisions | 150.32 | 153.04 |
| (3) Current Liabilities | ||
| (a) Short Term Borrowings | 4,502.00 | 2,551.99 |
| (b) Trade Payables:- | ||
| i. TotalO/S dues of micro small enterprises | – | – |
| ii.Total O/S dues of creditors other than micro small enterprises | 3,650.59 | 3,583.27 |
| (c) Other Current Liabilities | 3,998.33 | 3,196.98 |
| (d) Short – Term Provisions | 452.33 | 102.93 |
| TOTAL | 33,301.34 | 29,723.03 |
| II. ASSETS | ||
| (1) Non – Current Assets | ||
| (a) Property, Plant, Equipment and Assets | ||
| i. Property, Plant and Equipment | 4,999.51 | 5,242.26 |
| ii. Intangible Assets | 25.53 | 5.31 |
| iii. Capital Work in Progress | 54.46 | 1.77 |
| (b) Non – Current Investments | 6,865.71 | 6,865.71 |
| (c) Long – Term Loans and Advances | 149.76 | 427.48 |
| (d) Other Non – Current Assets | 5,922.71 | 4,938.57 |
| (2) Current Assets | ||
| (a) Inventories | 77.18 | 1.17 |
| (b) Trade Receivables | 8,409.44 | 5,634.51 |
| (c) Cash and Cash Equivalents | 1,295.29 | 770.85 |
| (d) Short – Term Loans and Advances | 4,849.64 | 5,217.95 |
| (e) Other Current Assets | 652.11 | 617.45 |
| TOTAL | 33,301.34 | 29,723.03 |
Inkel Limited Profit & Loss Statement (In Rs. Lakhs)
| PARTICULARS | 2023 | 2022 |
| Income | ||
| I. Revenue from Operations | 6,732.64 | 5,531.28 |
| II. Other Income | 1,384.21 | 408.84 |
| III. Total Income (I+II) | 8,116.84 | 5,940.12 |
| IV. Expenses | ||
| (i) Cost of land acquired/building | 116.94 | 122.64 |
| (ii) Purchases of Stock-in-Trade | 2,815.57 | 2,805.89 |
| (iii) Changes in inventories of Stock-in-Trade | -75.36 | 2.33 |
| (iv) Employee Benefits Expense | 812.69 | 755.47 |
| (v) Finance Costs | 176.46 | 152.96 |
| (vi) Depreciation and Amortisation Expense | 132.05 | 140.6 |
| (vii) Other Expenses | 2,397.50 | 1,679.52 |
| (viii) Provisions | 270.52 | 158.5 |
| Total Expenses | 6,646.38 | 5,817.91 |
| V. Profit Before Tax (III – IV) | 1,470.47 | 122.21 |
| VI. Tax Expense | ||
| (1) Current Tax | 242 | 100.42 |
| (2) Deferred Tax | -61.25 | -75.91 |
| (3) Taxes relating to prior years | 2.06 | -18.64 |
| VII. Profit for the year (V – VI) | 1,287.65 | 116.34 |
| VIII. Earnings per Equity Share | ||
| Face value of share ₹ 10/- Basic | 0.72 | 0.07 |
| Diluted | 0.72 | 0.07 |
Inkel Limited Consolidated Cash Flow Statement (In Rs. Lakhs)
| PARTICULARS | 2023 | 2022 |
| A.CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit Before Tax | 1,470.47 | 122.21 |
| Adjustments for: | ||
| Depreciation and Amortisation expense | 132.05 | 140.6 |
| Provision for Doubtful Advances | – | 157.5 |
| Provision for diminution in value of investment | – | 1 |
| Loss/(Profit) on sale of Assets (Net) | -0.65 | 2.34 |
| Interest Income | -197 | -149.75 |
| Dividend received INKEL EKK Ltd & INKEL KSIDC | -769.67 | – |
| Finance costs | 176.46 | 152.96 |
| Share of (Profit)/Loss from Seguro-INKEL Consortium LLP | – | 15.49 |
| Conversion of fixed assets to current assets | 117.41 | 122.64 |
| Operating profit before Working Capital Changes | 929.07 | 564.99 |
| Changes in Working Capital | ||
| Adjustments for Inc/Dec in Operating Assets | ||
| Trade Receivables | -2,774.93 | -752.4 |
| Short term loans and advances | 368.31 | 138 |
| Other Non-Current Assets | -984.14 | -509.17 |
| Inventories | -76.01 | 214.29 |
| Long term Loans and Advances | 277.72 | – |
| Other Current Assets | -34.66 | 140.93 |
| -3,223.71 | -768.35 | |
| Adjustments for Inc/Dec in Operating Liabilities | ||
| Trade Payables | 67.32 | 1030.7 |
| Other Current Liabilities | 1.98 | 184.28 |
| Short term Provisions | 349.4 | -7.4 |
| Long term Provisions | -2.72 | 39.87 |
| Other Long Term Liabilities | -13.29 | -1.09 |
| 402.69 | 1,246.36 | |
| Cash generated from Operations | -1,891.95 | 1,042.99 |
| Taxes Paid | -244.06 | -203.13 |
| Net Cash Generated from Operating activities(A) | -2,136.02 | 839.86 |
| B.CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of Fixed Assets including Capital WIP | -46.66 | -9.8 |
| Capital WIP | -52.69 | – |
| Loans and Advances (given)/repaid | – | -222.14 |
| Interest received on loans/deposits | 197 | 131.1 |
| Proceeds from sale of Fixed assets | 20.37 | 0.61 |
| Dividend received INKEL EKK Ltd & INKEL KSIDC | 769.67 | 0 |
| Net Cash Used in Investing activities(B) | 887.69 | -100 |
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| Proceeds from /(Repayment of) Short term borrowings | 1,950.01 | 6.08 |
| Proceeds/(Repayment) from Long term borrowings | – | -387.14 |
| Finance costs paid | -176.46 | -224.93 |
| Dividend paid | -0.8 | -0.67 |
| Dividend Distribution tax paid | – | – |
| Net Cash Generated from Financing Activities(C) | 1,772.76 | -606.66 |
| Net increase in Cash and Cash equivalents | 524.43 | 133.2 |
| Cash and Cash Equiv. at the beginning of the year | 770.85 | 637.65 |
| Cash and Cash Equivalents at the end of the year | 1,295.28 | 770.85 |
Summary of the Cash Flow Statement of INKEL LIMITED for the years 2023 and 2022:
A. Cash Flow from Operating Activities
– In 2023, the company reported a profit before tax of Rs. 1,470.47 lakhs, a significant increase from the previous year ‘s figure of Rs. 122.21 lakhs.
– Adjustments for various items, including depreciation, provisions, interest income, and finance costs, resulted in an operating profit before working capital changes of Rs. 929.07 lakhs.
– Changes in working capital, including decreases in trade receivables, other non-current assets, inventories, and increases in trade payables and other current liabilities, led to a net cash outflow from operating activities of Rs. -2,136.02 lakhs in 2023.
– Taxes paid during the year amounted to Rs. -244.06 lakhs.
B. Cash Flow from Investing Activities
– In 2023, the company had cash inflows from investing activities, including interest received on loans/deposits, proceeds from the sale of fixed assets, and dividend received.
– Cash outflows from investing activities included the purchase of fixed assets, capital work in progress, and loans and advances given/repaid.
– The net cash inflow from investing activities in 2023 was Rs. 887.69 lakhs.
C. Cash Flow from Financing Activities
– Cash flow from financing activities included proceeds from short-term borrowings, finance costs paid, and dividend payments.
– The net cash inflow from financing activities in 2023 was Rs. 1,772.76 lakhs.
Net Increase in Cash and Cash Equivalents
– The net increase in cash and cash equivalents for the entire year (A + B + C) was an increase of Rs. 524.43 lakhs in 2023, indicating a positive cash flow.
– The balance of cash and cash equivalents as of March 31, 2023, stood at Rs. 1,295.28 lakhs, compared to Rs. 770.85 lakhs as of March 31, 2022.
Inkel Limited Key Financial Ratios
| PARTICULARS | 2023 | 2022 |
| Current ratio | 1.29 | 1.36 |
| Debt Equity Ratio | 0.22 | 0.13 |
| Return on Equity | 0.07 | 0.01 |
| Inventory Turn Over Ratio | 70.54 | 1,202.66 |
| Trade Receivable turnover Ratio | 0.8 | 0.98 |
| Trade Payable Turnover Ratio | 1.36 | 1.19 |
| Net Capital Turn Over Ratio | 3.96 | 3.45 |
| Net Profit Ratio | 0.19 | 0.02 |
| Return on Capital Employed | 0.06 | 0.01 |
| Return on Investment | 0.06 | 0.01 |
Summary of the financial and operational metrics for Inkel Limited
1. Current Ratio
– In 2023, the current ratio was 1.29, indicating that the company had Rs. 1.29 in current assets for every Rs. 1 in current liabilities.
– In 2022, the current ratio was slightly higher at 1.36, indicating a stronger liquidity position in the previous year.
2.Debt Equity Ratio
– In 2023, the debt-equity ratio was 0.22, suggesting that the company had a relatively low level of debt compared to its equity.
– In 2022, the debt-equity ratio was lower at 0.13, indicating an even lower level of debt relative to equity in the previous year.
3.Return on Equity (ROE)
– In 2023, the ROE ratio was 0.07%, indicating that the company generated a return of 0.07% on shareholders ‘ equity during the year.
– In 2022, the ROE ratio was even lower at 0.01%, suggesting a very minimal return on equity in the previous year.
4. Inventory Turnover Ratio
– In 2023, the inventory turnover ratio was exceptionally high at 70.54, suggesting that the company ‘s inventory was turned over very rapidly during the year.
– In 2022, the ratio was significantly lower at 1,202.66, indicating a much slower turnover of inventory in the previous year.
5. Trade Receivable Turnover Ratio
– In 2023, the trade receivables turnover ratio was 0.8, suggesting that the company collected its outstanding receivables approximately 0.8 times during the year.
– In 2022, the ratio was slightly higher at 0.98, indicating a slightly faster collection of receivables in the previous year.
6.Trade Payable Turnover Ratio
– In 2023, the trade payable turnover ratio was 1.36, indicating that the company paid its trade payables approximately 1.36 times during the year.
– In 2022, the ratio was 1.19, suggesting a similar turnover of trade payables in the previous year.
7.Net Capital Turnover Ratio
– In 2023, the net capital turnover ratio was 3.96, indicating the efficiency of the company in utilizing its capital to generate sales.
– In 2022, the ratio was slightly lower at 3.45, suggesting a slightly lower capital turnover in the previous year.
8.Net Profit Ratio
– In 2023, the net profit ratio was 0.19%, indicating that the company earned a net profit of 0.19% on its total revenue during the year.
– In 2022, the ratio was even lower at 0.02%, suggesting a very minimal net profit margin in the previous year.
9.Return on Capital Employed (ROCE)
– In 2023, the ROCE was 0.06%, indicating a return of 0.06% on the capital employed by the company.
– In 2022, the ROCE was also 0.01%, suggesting a very minimal return on capital employed in the previous year.
Return on Investment (ROI)
– In 2023, the ROI was 0.06%, indicating a return of 0.06% on the company ‘s total investment.
– In 2022, the ROI was also 0.01%, suggesting a very minimal return on investment in the previous year
