Silverline Technologies Limited
Silverline Technologies Ltd. was incorporated on 1992,is a global BPO and IT consulting company. The services offered by the company includes IT Development & Systems Integration, Back-office Shared Services, Market Entry Services, Animation and Media Services etc.
| Consolidated Yearly Results | ——————- in Rs. Cr. ——————- |
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| Jun ’15 | Jun ’14 | Jun ’13 | Jun ’12 | Jun ’11 | ||||||
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| Net Sales/Income from operations | 3.02 | 7.65 | 22.21 | 29.05 | 80.54 | |||||
| Other Operating Income | — | 0.25 | — | 0.46 | — | |||||
| Total Income From Operations | 3.02 | 7.90 | 22.21 | 29.51 | 80.54 | |||||
| EXPENDITURE | ||||||||||
| Consumption of Raw Materials | — | — | — | — | — | |||||
| Purchase of Traded Goods | — | — | — | — | — | |||||
| Increase/Decrease in Stocks | — | — | — | — | — | |||||
| Power & Fuel | — | — | — | — | — | |||||
| Employees Cost | — | — | — | — | 16.18 | |||||
| Depreciation | — | 0.27 | 0.44 | 0.43 | 0.65 | |||||
| Excise Duty | — | — | — | — | — | |||||
| Admin. And Selling Expenses | — | — | — | — | — | |||||
| R & D Expenses | — | — | — | — | — | |||||
| Provisions And Contingencies | — | — | — | — | — | |||||
| Exp. Capitalised | — | — | — | — | — | |||||
| Other Expenses | 4.30 | 9.41 | 29.50 | 27.13 | 59.24 | |||||
| P/L Before Other Inc., Int., Excpt. Items & Tax | -1.28 | -1.78 | -7.73 | 1.95 | 4.47 | |||||
| Other Income | — | — | — | 0.38 | — | |||||
| P/L Before Int., Excpt. Items & Tax | -1.28 | -1.78 | -7.73 | 2.33 | 4.47 | |||||
| Interest | — | — | 2.24 | 1.25 | 0.31 | |||||
| P/L Before Exceptional Items & Tax | -1.28 | -1.78 | -9.98 | 1.09 | 4.16 | |||||
| Exceptional Items | — | — | — | — | — | |||||
| P/L Before Tax | -1.28 | -1.78 | -9.98 | 1.09 | 4.16 | |||||
| Tax | — | -0.04 | — | — | 1.18 | |||||
| P/L After Tax from Ordinary Activities | -1.28 | -1.75 | -9.98 | 1.09 | 2.98 | |||||
| Prior Year Adjustments | — | — | — | — | — | |||||
| Extra Ordinary Items | — | -6.66 | 0.70 | — | — | |||||
| Net Profit/(Loss) For the Period | -1.28 | -8.41 | -9.28 | 1.09 | 2.98 | |||||
| Minority Interest | — | — | — | — | — | |||||
| Share Of P/L Of Associates | — | — | — | — | — | |||||
| Net P/L After M.I & Associates | -1.28 | -8.41 | -9.28 | 1.09 | 2.98 | |||||
| Equity Share Capital | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | |||||
| Reserves Excluding Revaluation Reserves | 87.29 | 88.57 | 97.62 | 98.78 | 95.14 | |||||
| Equity Dividend Rate (%) | — | — | — | — | — | |||||
| EPS Before Extra Ordinary | ||||||||||
| Basic EPS | -0.21 | -1.40 | -1.66 | — | — | |||||
| Diluted EPS | -0.21 | -1.40 | -1.66 | — | — | |||||
| EPS After Extra Ordinary | ||||||||||
| Basic EPS | -0.21 | -1.40 | -1.54 | — | — | |||||
| Diluted EPS | -0.21 | -1.40 | -1.54 | — | — | |||||
| Public Share Holding | ||||||||||
| No Of Shares (Crores) | 6.00 | 6.00 | 6.00 | 0.60 | 6.00 | |||||
| Share Holding (%) | 99.99 | 99.99 | 99.99 | 99.99 | 99.90 | |||||
| Promoters and Promoter Group Shareholding | ||||||||||
| a) Pledged/Encumbered | ||||||||||
| – Number of shares (Crores) | — | — | — | — | — | |||||
| – Per. of shares (as a % of the total sh. of prom. and promoter group) | — | — | — | — | — | |||||
| – Per. of shares (as a % of the total Share Cap. of the company) | — | — | — | — | — | |||||
| b) Non-encumbered | ||||||||||
| – Per. of shares (as a % of the total sh. of prom. and promoter group) | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||||
| – Per. of shares (as a % of the total Share Cap. of the company) | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | |||||
| Notes | |201506 | |201406 | |201306 | |201206 | |201106 | |||||
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STANDALONE
| YEARLY RESULTS OF SILVERLINE TECHNOLOGIES (in Rs. Cr.) | MAR ’20 | MAR ’19 | MAR ’18 | MAR ’17 | MAR ’16 | |
| Net Sales/Income from operations | 2.82 | 2.32 | 0.92 | 0.30 | 0.36 | |
| Other Operating Income | — | — | — | — | — | |
| Total Income From Operations | 2.82 | 2.32 | 0.92 | 0.30 | 0.36 | |
| EXPENDITURE | ||||||
| Consumption of Raw Materials | — | — | — | — | — | |
| Purchase of Traded Goods | — | — | — | — | — | |
| Increase/Decrease in Stocks | — | — | — | — | — | |
| Power & Fuel | — | — | — | — | — | |
| Employees Cost | — | — | — | — | — | |
| Depreciation | — | — | — | — | — | |
| Excise Duty | — | — | — | — | — | |
| Admin. And Selling Expenses | — | — | — | — | — | |
| R & D Expenses | — | — | — | — | — | |
| Provisions And Contingencies | — | — | — | — | — | |
| Exp. Capitalised | — | — | — | — | — | |
| Other Expenses | 2.50 | 2.27 | 0.58 | 0.29 | 0.49 | |
| P/L Before Other Inc. , Int., Excpt. Items & Tax | 0.32 | 0.06 | 0.34 | 0.01 | -0.12 | |
| Other Income | — | — | — | — | — | |
| P/L Before Int., Excpt. Items & Tax | 0.32 | 0.06 | 0.34 | 0.01 | -0.12 | |
| Interest | — | — | — | — | — | |
| P/L Before Exceptional Items & Tax | 0.32 | 0.06 | 0.34 | 0.01 | -0.12 | |
| Exceptional Items | — | — | — | — | -142.84 | |
| P/L Before Tax | 0.32 | 0.06 | 0.34 | 0.01 | -142.96 | |
| Tax | 0.07 | 0.01 | 0.07 | — | — | |
| P/L After Tax from Ordinary Activities | 0.25 | 0.05 | 0.27 | 0.01 | -142.96 | |
| Prior Year Adjustments | — | — | — | — | — | |
| Extra Ordinary Items | — | — | — | — | — | |
| Net Profit/(Loss) For the Period | 0.25 | 0.05 | 0.27 | 0.01 | -142.96 | |
| Equity Share Capital | 59.99 | 59.99 | 59.99 | 59.99 | 59.99 | |
| Reserves Excluding Revaluation Reserves | -34.02 | -57.63 | -57.68 | -57.95 | -57.96 | |
| Equity Dividend Rate (%) | — | — | — | — | — | |
| EPS BEFORE EXTRA ORDINARY | ||||||
| Basic EPS | 0.04 | 0.01 | 0.05 | 0.01 | -23.83 | |
| Diluted EPS | 0.04 | 0.01 | 0.05 | 0.01 | -23.83 | |
| EPS AFTER EXTRA ORDINARY | ||||||
| Basic EPS. | 0.04 | 0.01 | 0.05 | 0.01 | -23.83 | |
| Diluted EPS. | 0.04 | 0.01 | 0.05 | 0.01 | -23.83 | |
| PUBLIC SHARE HOLDING | ||||||
| No Of Shares (Crores) | — | — | — | — | — | |
| Share Holding (%) | — | — | — | — | — | |
| PROMOTERS AND PROMOTER GROUP SHAREHOLDING | ||||||
| A) PLEDGED/ENCUMBERED | ||||||
| – Number of shares (Crores) | — | — | — | — | — | |
| – Per. of shares (as a % of the total sh. of prom. and promoter group) | — | — | — | — | — | |
| – Per. of shares (as a % of the total Share Cap. of the company) | — | — | — | — | — | |
| B) NON-ENCUMBERED | ||||||
| – Number of shares (Crores). | — | — | — | — | — | |
| – Per. of shares (as a % of the total sh. of prom. and promoter group). | — | — | — | — | — | |
| – Per. of shares (as a % of the total Share Cap. of the company). | — | — | — | — | — |
Silverline Technologies Limited Annual Report 2018-19
Silverline Technologies Limited Annual Report 2017-18
Silverline Technologies Limited Annual Report 2016-17
PEERS
| Company Name | Price | % Chg | MCap(Cr) | TTM PE | P/B | ROE | 1 Yr Perform | Net Profit | Net Sales | Debt to Equity |
|---|---|---|---|---|---|---|---|---|---|---|
| Silverline | 2.19 | -0.90 | 13.14 | – | – | 0.95 | – | 0 | 2 | 0.12 |
| ABB Power Produ | 1708.65 | -0.46 | 7241.54 | 65.79 | 7.77 | 10.70 | 109.11 | 99 | 3,420 | 0.00 |
| Hemisphere | 130.75 | -2.79 | 3726.37 | – | 13.11 | 10.70 | – | 99 | 3,420 | 0.00 |
| Ndr Auto Compon | 189.40 | -1.61 | 112.62 | – | 0.85 | 1.25 | – | 1 | 96 | 0.00 |
| Nivaka Fashions | 7.00 | 0.00 | 71.88 | – | 7.61 | -8.82 | -33.59 | 0 | 21 | 0.03 |
ABOUT SILVERLINE TECHNOLOGIES LIMITED UNLISTED SHARE
Silverline Technologies Limited formerly known as Silverline Industries Limited is a Public incorporated on 13 April 1992. It is classified as a Non-govt company and is registered at the Registrar of Companies, Mumbai. Its authorized share capital is Rs. 3,000,000,000 and its paid-up capital is Rs. 599,854,850.
In the year 2000, The Company set up its planned $125-million initial public offering at 5.2 million. The company was India’s 1st company to be listed on the New York Stock Exchange (NYSE) and the 1st major I.T. company to be listed on the BSE. The company was listed on the NYSE for ADRs which touched a market capitalization of $1.2 Billion on the Bombay Stock Exchange (BSE).
Silverline is a global Software Development and IT Consulting Company that also has a BPO practice. The company is providing end-to-end support solutions in: – IT Development & Systems Integration – Technical Support – Customer Care and Service Management – Back-office Shared Services – Market Entry Services.
Silverline was rated as the 7th largest software company in India by NASSCOM in 2002. The company is ISO 9001 certified and SEI CMM Level IV. Silverline clientele includes JPMorgan Chase, Bank of America, HSBC, Goldman Sachs, Merrill Lynch, Aviva, Lehman Brothers, Bell Atlantic, Morgan Stanley, First Data Corp., IBM, HSBC, etc.
INCORPORATION DETAILS
| CIN | L99999MH1992PLC066360 |
| Registration Date | 13-04-1992 |
| Company Name | Silverline Technologies Limited |
| Email Address | silverlinetechnologies13@gmail.com |
| Category/Sub-category of the Company | The company has Share capital /Indian Non-Government Company |
| Registration Number | 66360 |
| Address of the Registered office & contact details | UNIT NO 121, SDF IV SEEPZ
ANDHERI EAST MUMBAI 400 096 Tel. no. 28291950 / 28290322 |
| Company Secretary & Compliance Officer | Jyoti Kumari Sharma |
| Name, Address & contact details of the Registrar & Transfer Agent, if any | Link Intime India Private Limited
C 101, 247 Park, LBS Rd, Surya Nagar, Gandhi Nagar, Vikhroli West, Mumbai, Maharashtra 400083 Phone no. 022 – 4918 6270 |
BOARD OF DIRECTORS
|
S.NO. |
Name of the Directors | Category |
| 1. | Ravi Subramanian | Chairman and Executive Director |
| 2. | Mrs. Lucy D Lima | Non-Executive Independent Director |
| 3. | Mr.Ramakrishnan Padmanabhan Iyer | Non-Executive Independent Director |
| 4. | Mr.Anupam Singh Kushwah | Non-Executive Independent Director |
| 5. | Mr.Srinivasan Sitapati Pattamadai | Executive Director |
Principal Business Activities of the Company
| Name & Description of main products/services | NIC Code of the Product /service | % of total turnover of the company |
| Software Development | 72293 | 100% |
SHAREHOLDING PATTERN
(As of 31-03-2020)
| S. No. | Shareholder’s Category | No. of Shares | % of total Shares of the company |
| 1 | PROMOTERS | 5625 | 0.01% |
| 2 | PUBLIC | 59979863 | 99.99 |
| Total | 59985488 | 100% |
INDUSTRY OUTLOOK
The global sourcing market in India continues to grow at a higher pace compared to the ITBPM industry India is the leading sourcing destination across the world, accounting for approximately 55% market share of the US$ 185-190 billion global services sourcing business in 2020-2021. Exports from the industry increased to US$ 137 billion in FY21 while domestic revenues (including hardware) advanced to US$ 46 billion.
Indian IT & ITeS companies have set up over 1,200 global delivery centers in about 96 countries across the world. India has become the digital capabilities hub of the world with around 75% of global digital talent present in the country.
Leading Indian IT firms like Infosys, Wipro, TCS, and Tech Mahindra, are diversifying their offerings and showcasing leading ideas in blockchain, and artificial intelligence to clients using innovation hubs, research, and development centers, in order to create differentiated offerings.
The computer software and hardware sector in India attracted cumulative Foreign Direct Investment (FDI) inflows worth US$ 26.92 billion between April 2000 to December 2020, according to data released by the Department of Industrial Policy and Promotion (DIPP).
With a compounded annual growth rate (CAGR) of over 24% in the last decade, the Indian IT/ITeS industry has emerged as a key growth engine for the economy, contributing around 5.6% to the country’s Gross Domestic Product (GDP) in FY 2021 and also providing direct employment to about 2.3 million people (from just about half a million in 2021). It remains one of the biggest sectors for wealth generation in the country.
Silverline Technologies Limited Balance Sheet (Amt. in Rs)
| PARTICULARS | 2023 | 2022 | 2021 |
| ASSETS | |||
| NON-CURRENT ASSETS | |||
| (a) Properties,Plant & Equipment | 24,88,584 | 30,48,584 | 33,73,629 |
| (b) Supply chain IPR’s | 47,64,81,915 | 27,62,15,280 | 27,62,15,280 |
| (c) Capital work in progress | – | – | – |
| (d) Other Intangible Assets | – | – | – |
| (d) Financial assets | |||
| i. Investments | – | 3,18,65,116 | 3,18,65,116 |
| ii. Loans | – | – | |
| iii. Other Financial Assets | 2,43,28,500 | 14,04,86,078 | 13,57,86,078 |
| (e) Non-Current Tax Assets | 63,27,956 | 63,27,956 | 63,27,956 |
| (f) Other non-Current Assets | 20,40,120 | 20,40,120 | 22,02,876 |
| Total Non- Current assets | 51,16,67,075 | 45,99,83,134 | 45,57,70,935 |
| CURRENT ASSETS | |||
| (a) Inventories | – | – | – |
| (b) Financial Assets | |||
| i. Trade Receivable | 3,02,79,000 | 9,76,09,057 | 7,38,55,932 |
| ii. Cash & Cash Equivalent | 7,59,834 | 3,14,214 | 9,06,989 |
| iii. Bank balances other than | |||
| cash & cash Equivalent | – | – | – |
| iv. Loans | |||
| v. Other Financial assets | – | – | |
| Total Current Assets | 3,10,38,834 | 9,79,23,271 | 7,47,62,921 |
| Total Assets | 54,27,05,909 | 55,79,06,405 | 53,05,33,856 |
| EQUITIES AND LIABILITIES | |||
| Equity | |||
| (a) Equity share Capital | 59,98,54,880 | 59,98,54,880 | 59,98,54,880 |
| (b) Other Equity | |||
| Reserves & Surplus | -35,35,76,366 | -35,67,59,246 | -36,00,55,116 |
| Other Reserves | – | – | – |
| Application Account | – | – | – |
| Total Equity | 24,62,78,514 | 24,30,95,634 | 23,97,99,764 |
| LIABILITIES | |||
| Non Current Liabilities | |||
| (a) Financial Liabilities | |||
| Borrowing | 25,07,24,879 | 24,19,49,459 | 21,97,49,456 |
| (b) Provision | 2,28,70,580 | 2,28,70,580 | 2,18,45,580 |
| (c) Deferred Tax Liabilities | 1,88,851 | 1,88,851 | 1,88,851 |
| (d) Other Non-Current Liabilities | – | – | |
| Total Non-Current Liabilities | 27,37,84,310 | 26,50,08,890 | 24,17,83,890 |
| Current Liabilities | |||
| (a) Financial Liabilities | |||
| i. Borrowings | – | – | – |
| ii. Trade Payable-other than MSME | 64,34,576 | 2,90,40,812 | 2,81,89,132 |
| iii. Trade Payable – MSME | – | – | – |
| iv. Other Financial Liabilties | – | – | – |
| (b) Other Current Liabilities | 1,62,08,510 | 2,07,61,069 | 2,07,61,069 |
| (c ) Provisions | |||
| (d) Current Non-Tax Liabilities | |||
| Total Current Liabilities | 2,26,43,086 | 4,98,01,881 | 4,89,50,201 |
| Total Equity & Liabilties | 54,27,05,909 | 55,79,06,405 | 53,05,33,855 |
Silverline Technologies Limited Profit & Loss Statement (Amt. in Rs)
| PARTICULARS | 2023 | 2022 | 2021 |
| INCOME | |||
| Revenue from operation | 3,55,98,000 | 4,21,30,560 | 3,41,99,448 |
| Other Income | – | – | 3,20,863 |
| Total Income | 3,55,98,000 | 4,21,30,560 | 3,45,20,311 |
| EXPENDITURE | |||
| Software Development Expenses | 53,19,000 | 2,32,35,778 | 48,63,405 |
| Employee benefit expenses | 17,60,000 | 48,88,565 | 38,06,449 |
| Financial Cost | 1,60,18,870 | – | 83,33,324 |
| Depreciation and Amortisation | 5,60,000 | 3,25,045 | 3,25,045 |
| Other Expenses | 91,45,291 | 93,60,303 | 3,70,87,383 |
| Total Expenditure | 3,28,03,161 | 3,78,09,691 | 5,44,15,606 |
| Profit/(loss) before Exceptional item | 27,94,839 | 43,20,869 | -1,98,95,295 |
| Less : Exceptional Item | 3,88,041 | – | – |
| Profit before tax item | 31,82,880 | 43,20,869 | -1,98,95,295 |
| Less: Tax Expenses | – | – | – |
| Current Tax | – | 10,25,000 | – |
| Income tax for previous year | – | – | |
| Deferred tax | – | – | – |
| Net Profit/(loss) after tax | 31,82,880 | 32,95,869 | -1,98,95,295 |
| Profit/(Loss) from discontinue operation | – | – | – |
| Profit/(Loss) from continue operation | 31,82,880 | 32,95,869 | -1,98,95,295 |
Silverline Technologies Limited Consolidated Cash Flow Statement (Amt. in Rs)
| PARTICULARS | 2023 | 2022 | 2021 |
| Cash flows from operating activities | |||
| Net Profit (Loss) before Tax and before extraordinary item | 27,94,839 | 43,20,869 | -1,98,95,295 |
| Adjustments for : | |||
| Depreciation and Amortization | 5,60,000 | 3,25,045 | 3,25,045 |
| Preliminary Expenses & Filing fees written off | – | – | – |
| Unrealised foreign exchange Gain | – | – | 3,68,018 |
| Profit/Loss on sale of Assets[Net] | – | – | – |
| Sundry Balances written (back) / off | – | – | – |
| Bad Debts written off | – | – | – |
| Interest received | – | – | -3,20,863 |
| Dividend Income | – | – | – |
| Interest paid | 1,60,18,870 | 99,00,000 | 83,33,324 |
| Operating Profit before Working Capital changes | 1,93,73,709 | 1,45,45,914 | -1,11,89,771 |
| Working capital changes | |||
| (Increase)/ Decrease in Sundry Debtors | 6,73,30,057 | -2,37,53,125 | -3,18,04,329 |
| (Increase) Decrease in Short term,deposit and financial Assets | -45,37,244 | -13,80,10,889 | |
| Increase /( Decrease) in Trade Payables & Other current liabilities | -2,71,58,795 | 8,51,681 | 4,70,58,481 |
| (Increase)/Decrease in Inventory | – | – | – |
| (Increase)/Decrease Non Current Assets | – | – | – |
| Increase / (Decrease) in Provision | – | 10,25,000 | – |
| 4,01,71,262 | -2,64,13,688 | -12,27,56,737 | |
| Net Cash from operating activities | 5,95,44,971 | -1,18,67,774 | -13,39,46,508 |
| Ne Income tax provision | – | -10,25,000 | – |
| CASH FLOW FROM INVESTING ACTIVITIES | |||
| Purchase of Property,Plant and Equipment | -20,02,66,635 | – | -17,69,071 |
| IPR Account | 11,61,57,578 | – | -4,25,17,350 |
| Other Financial Assets | -3,22,53,157 | – | |
| Interest Received | – | 3,20,863 | |
| Investment Account Net | -5,18,55,900 | – | – |
| Cash flows from financing activities | |||
| Foreign Exchange unrealised gain | – | – | -3,68,018 |
| Repayment of Share application | – | – | – |
| Interest Paid | -1,60,18,870 | -99,00,000 | -83,33,324 |
| Increase in Long Term Deposits | 87,75,420 | 2,22,00,000 | – |
| Receipts (Repayments) of Borrowings (Net) | – | – | 18,74,96,302 |
| Net cash (used in)/ surplus from financing activities | -72,43,450 | 1,12,75,000 | 17,87,94,960 |
| Net increase in Cash & Cash equivalents | 4,45,621 | -5,92,774 | 8,82,895 |
| Cash & Cash equivalents at the beginning of the year | 3,14,214 | 9,06,988 | 24,094 |
| Cash & Cash equivalents at the end of the year | 7,59,835 | 3,14,214 | 9,06,989 |
Let’s break down the Cash Flow Statement for the years 2023, 2022, and 2021, activity-wise:
1. Operating Activities:
– In 2023, there was a significant improvement in cash flows from operating activities compared to the previous years. This improvement can be attributed to the positive operating profit before working capital changes.
– Working capital changes had a significant impact on cash flows in all three years, with substantial increases or decreases in Sundry Debtors, Short-term deposits, financial assets, Trade Payables, and Other current liabilities.
2. Investing Activities:
– Significant investments were made in Property, Plant, and Equipment (PP&E) in 2023 and 2021, indicating a focus on asset acquisition or expansion.
– There were transactions in Intellectual Property Rights (IPR) accounts and other financial assets, which varied across the years.
3. Financing Activities:
– Interest paid remained significant throughout the years, indicating a consistent financial expense for the company.
– Long-term deposits increased in 2022 but decreased in 2023.
– There were significant fluctuations in receipts or repayments of borrowings, resulting in a surplus or deficit in financing activities across the years.
4. Overall Cash Position:
– The company ended 2023 with a higher cash balance compared to the previous year, indicating improved cash management or profitability.
– However, the net increase in cash and cash equivalents was relatively low in 2023 compared to the other years.
5. Other Observations:
– There were no adjustments for Preliminary Expenses & Filing fees written off in any of the years.
– Unrealized foreign exchange gains were recorded only in 2021.
– Bad debts written off, profit/loss on the sale of assets, and dividend income were not reported in any of the years.
Below are the Financial Ratios of Silverline Technologies Limited:
| Particulars | 2022 | 2023 |
| Current Ratio | 1.97 | 1.37 |
| Debt Equity ratio | 1.3 | 1.2 |
| Return on Equity ratio | 0.01 | 0.01 |
| Trade receivable /Turnover ratio | 2.32 | 0.85 |
| Trade payable / Turnover ratio | 0.69 | 0.18 |
| Net capital Turnover Ratio | 0.88 | 4.24 |
| Net profit ratio | 0.08 | 0.09 |
| Return on capital employed | 0.06 | 0.08 |
Let’s break down and analyze each of these financial indicators for the year 2022 and 2023:
1. Current Ratio:
– The current ratio measures the company’s ability to pay its short-term liabilities with its short-term assets. A higher current ratio is generally preferred as it indicates a better ability to cover short-term obligations. The company’s current ratio decreased from 1.97 in 2022 to 1.37 in 2023, indicating a potential weakening in its short-term liquidity position.
2. Debt Equity Ratio:
– The debt equity ratio compares a company’s total debt to its shareholders’ equity. A lower debt-equity ratio is usually favorable as it suggests lower financial risk. The company’s debt-equity ratio decreased from 1.3 in 2022 to 1.2 in 2023, indicating a slight reduction in financial leverage.
3. Return on Equity (ROE) Ratio:
– The return on equity ratio measures how much profit a company generates with the shareholders’ equity. The ratio remained constant at 0.01 for both years, indicating a consistent return on equity.
4. Trade Receivable/Turnover Ratio:
– This ratio measures how efficiently a company manages its accounts receivable. A lower ratio suggests faster turnover of receivables. The ratio decreased significantly from 2.32 in 2022 to 0.85 in 2023, indicating a more efficient management of trade receivables in 2023.
5. Trade Payable/Turnover Ratio:
– This ratio assesses how quickly a company pays its suppliers. A lower ratio indicates a faster turnover of payables. The ratio decreased from 0.69 in 2022 to 0.18 in 2023, suggesting a faster turnover of trade payables in 2023.
6. Net Capital Turnover Ratio:
– The net capital turnover ratio measures how efficiently a company utilizes its total capital to generate revenue. A higher ratio indicates better utilization of capital. The ratio increased significantly from 0.88 in 2022 to 4.24 in 2023, indicating a substantial improvement in capital utilization efficiency.
7. Net Profit Ratio:
– The net profit ratio measures the percentage of net profit relative to revenue. The ratio increased from 0.08 in 2022 to 0.09 in 2023, indicating a slight improvement in profitability.
8. Return on Capital Employed (ROCE) Ratio:
– The return on capital employed ratio assesses the efficiency with which a company utilizes its capital to generate profits. The ratio increased from 0.06 in 2022 to 0.08 in 2023, indicating improved capital efficiency.
Dividend History of Silverline Technologies Limited
| Particulars | 2023 | 2022 | 2021 |
| Dividend (final + interim) (In Rs.) | – | – | – |
