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T Stanes and Company Limited Balance Sheet (In Rs. Lakhs)

Particulars	2023	2022
ASSETS
Non-current Assets
Property, plant and equipment	3,651.97	3,402.37
Capital work-in-progress	82.99
Investment property	167.5	-145.27
Right-of-use assets	112.08	103.62
Financial assets
i)    Investments	2,400.32	2,984.59
ii)   Others	142.53	88.95
Deferred tax assets	21.03	15.14
Other non-current assets	85.27	23.85
Total non- current assets	6,663.69	6,763.79
Current Assets
Inventories	6,579.66	6,550.91
Financial assets
i)    Investments	119.3	65.39
ii)   Trade receivables	7,740.93	8,294.28
iii)  Cash and cash equivalents	773.04	911.96
iv)  Bank balances other than (iii) above	2,625.99	1,020.96
v)   Other financial assets	79.61	54.57
Current tax assets (net)		4.19
Other current assets	-662.07	893.13
Total current assets	18,580.60	17,795.39
TOTAL ASSETS	25,244.29	24,559.18

T Stanes and Company Limited Profit & Loss Statement (In Rs. Lakhs)

Particulars	2023	2022
REVENUE
a)  Revenue from operations	49,657.48	47,894.88
b)  Other income	346.78	265.29
Total Income	50,004.26	48,160.17
EXPENSES
a)  Cost of materials consumed	18,924.04	16,880.14
b)  Purchases of stock-in-trade	17,718.92	19,389.26
c)   Changes in inventories of finished goods and stock-in-trade	224.04	-839.7
d)  Employee benefits expense	4,268.47	4,318.23
e)  Finance costs	43.36	43.47
f)   Depreciation and amortisation expense	508.12	510.45
g)  Other expenses	5,866.52	5,410.69
Total Expenses	47,553.47	45,712.54
Profit before tax	2,450.79	2,447.63
Tax expense
Current tax	716.51	723.55
Deferred tax	-9.1	-31.98
Net tax expense	707.41	691.57
Profit for the year	1,743.38	1,756.06
Other comprehensive income/(loss) (OCI)
i)     Items that will not be reclassified to profit or loss
a)  Re-measurements of the defined benefit plans	-10.59	-71.07
b)  Equity instruments through OCI	-567.24	377.23
ii)    Income tax on items that will not be reclassified to profit or loss	-63.94	-5.02
Total other comprehensive income/(loss)	-641.77	301.14
Total comprehensive income for the year	1,101.61	2,057.20
Profits attributable to
Non-controlling interest	-115.14	-111.76
Owners of the Company	1,858.52	1,867.82
Other comprehensive income attributable to
Non-controlling interest	6.63	-0.09
Owners of the Company	-648.4	301.23
Total comprehensive income attributable to
Non-controlling interest	-108.51	-111.85
Owners of the Company	1,210.12	2,169.05
	1,101.61	2,057.20
Earnings per share (of ` 10/- each):
Basic (in `)	73.68	74.21
Diluted (in `)	73.68	74.21

T Stanes and Company Limited Consolidated Cash Flow Statement (In Rs. Lakhs)

Particulars	2023	2022
A. CASH FLOW FROM OPERATING ACTIVITIES
Profit after tax :	1,743.38
Adjustments for
Tax expense (net)	707.41	691.57
Depreciation and amortisation expense	508.12	510.45
Profit on sale of property, plant and equipment (net)	-11.35	-22.13
Net gain on sale of investments	-0.73	-10.6
Loss on switch over of mutual fund	1.47
Fair value loss from financial asset	1.77
Allowance for credit loss	29.52	31.19
Bad debts write off (net)	57.86	55.19
Impairment of Property, plant & equipment		–
Rental income	-155.14	-105.35
Dividend income	-46.25	-36.64
Interest income	-69.52	-44.14
Unrealised foreign exchange (gain)/loss	-4	-12.94
Finance costs	43.36	43.47
Operating profit before working capital changes	2,805.90	2,856.13
Changes in working capital
Adjustments for (increase) / decrease in operating assets:
Inventories	-28.75	-1,221.96
Trade receivables	469.97	-980.73
Non-current and current financial assets	-78.58	22.2
Non-current and current assets	221.41	-295.47
Adjustments for increase / (decrease) in operating liabilities:
Trade payables	-470.94	995.33
Non-current and current financial liabilities	93.6	22.9
Current liabilities	200.94	115.35
Non-current and current provisions	41.68	25.02
Cash generated from operations	3,255.23	1,538.77
Income taxes paid	-734.84	-656.51
Net cash flow from operating activities (A)	2,520.39	882.26
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of property, plant and equipments including capital advances	-813.28	-345.69
Proceeds from sale of property plant and equipment	15.33	29.01
Sale / (purchase) of investments (net)	-39.39	53.41
Rental income	155.14	105.35
Other bank balances	-1,611.58	-129.27
Interest received	69.52	44.14
Dividend received	46.21	36.64
Net cash flow used in Investing activities (B)	-2,178.05	-206.41
C. CASH FLOW FROM FINANCING ACTIVITIES
Payment for buy-back of equity shares (net of tax)
Finance costs paid	-30.04	-46.46
Payment of dividends	-354.93	-295.77
Payment of lease liabilities	-96.29	-49.85
Net cash flow used in financing activities (C)	-481.26	-392.08
NET INC/DEC IN CASH AND CASH EQUIVALENTS (A+B+C)	-138.92	283.77
Cash and cash equivalents at the beginning of the year	911.96	628.19
Cash and cash equivalents at the end of the year	773.04	911.96
Cash and cash equivalents at the end of the year
(a) Cash on hand	25.5	18.23
(b)  Cheques on hand	156.72	241.01
(c)  Balances with banks
In current accounts	53.5	121.8
Others – ( Cash Credit account )	532.32	530.92
In deposit accounts – original maturity less than 3 months	5	–

Certain, here is a summary of the Cash Flow Statement for the years 2023 and 2022:

A. Cash Flow from Operating Activities

– In 2023, the company reported a profit after tax of Rs. 1,743.38.

– Adjustments for various items, including tax expense, depreciation, profit/loss on the sale of assets, allowance for credit loss, and others, resulted in an operating profit before working capital changes of Rs. 2,805.90 in 2023.

– Changes in working capital, including adjustments for changes in operating assets (inventories, trade receivables, financial assets) and operating liabilities (trade payables, financial liabilities, provisions), led to a net cash flow from operating activities of Rs. 2,520.39 in 2023.

– Income taxes paid during the year amounted to Rs. -734.84 in 2023.

B. Cash Flow from Investing Activities

– Cash flow from investing activities in 2023 included the purchase of property, plant, and equipment, proceeds from the sale of such assets, and transactions related to investments, including the sale/purchase of investments.

– The company also received rental income, interest income, and dividend income during the year.

– The net cash flow used in investing activities in 2023 was Rs. -2,178.05.

C. Cash Flow from Financing Activities

– Cash flow from financing activities in 2023 included payments for the buy-back of equity shares (net of tax), finance costs paid, payment of dividends, and payment of lease liabilities.

– The net cash flow used in financing activities in 2023 was Rs. -481.26.

Net Increase/Decrease in Cash and Cash Equivalents

– The net decrease in cash and cash equivalents for the entire year (A + B + C) was a decrease of Rs. -138.92 in 2023.

– The balance of cash and cash equivalents as of March 31, 2023, stood at Rs. 773.04, compared to Rs. 911.96 as of March 31, 2022.

Breakdown of Cash and Cash Equivalents at the End of the Year

– Cash on hand: Rs. 25.5

– Cheques on hand: Rs. 156.72

– Balances with banks in current accounts: Rs. 53.5

– Balances with others in Cash Credit account: Rs. 532.32

– Balances with banks in deposit accounts with original maturity less than 3 months: Rs. 5

T Stanes and Company Limited Key Financial Ratios

Particulars	2023	2022
Current ratio	2.44	2.25
Return on equity	12.03%	13.23%
Inventory turnover ratio	5.86	6.34
Trade receivables turnover ratio	6.06	5.97
Trade payables turnover ratio	6.9	7.24
Net capital turnover ratio	4.42	4.83
Net profit ratio	4.20%	4.34%
Return on capital employed	15.59%	16.35%
Return on investment	-18.23%	11.54%

Here is a summary of the financial and operational metrics for T Stanes and Company Limited

1.Current Ratio

   – In 2023, the current ratio was 2.44, indicating that the company had Rs. 2.44 in current assets for every Rs. 1 in current liabilities.

   – In 2022, the current ratio was slightly lower at 2.25, suggesting a strong liquidity position in both years, with an improvement from 2022 to 2023.

2. Return on Equity (ROE)

   – In 2023, the ROE was 12.03%, indicating that the company generated a return of 12.03% on shareholders ‘ equity during the year.

   – In 2022, the ROE was slightly higher at 13.23%, showing a marginally higher return on equity in the previous year.

3.Inventory Turnover Ratio

   – In 2023, the inventory turnover ratio was 5.86, suggesting that the company ‘s inventory was turned over approximately 5.86 times during the year.

   – In 2022, the ratio was slightly higher at 6.34, indicating a slightly faster turnover of inventory in the previous year.

4.Trade Receivables Turnover Ratio

   – In 2023, the trade receivables turnover ratio was 6.06, suggesting that the company collected its outstanding receivables approximately 6.06 times during the year.

   – In 2022, the ratio was 5.97, indicating a similar turnover of trade receivables in the previous year.

5.Trade Payables Turnover Ratio

   – In 2023, the trade payables turnover ratio was 6.9, indicating that the company paid its trade payables approximately 6.9 times during the year.

   – In 2022, the ratio was 7.24, suggesting a slightly faster turnover of trade payables in the previous year.

6. Net Capital Turnover Ratio

   – In 2023, the net capital turnover ratio was 4.42, indicating the efficiency of the company in utilizing its capital to generate sales.

   – In 2022, the ratio was slightly higher at 4.83, showing a slightly higher capital turnover in the previous year.

7. Net Profit Ratio

   – In 2023, the net profit ratio was 4.20%, indicating that the company earned a net profit of 4.20% on its total revenue during the year.

   – In 2022, the ratio was slightly higher at 4.34%, suggesting a slightly higher net profit margin in the previous year.

8. Return on Capital Employed (ROCE)

   – In 2023, the ROCE was 15.59%, indicating a return of 15.59% on the capital employed by the company.

   – In 2022, the ROCE was slightly higher at 16.35%, suggesting a slightly higher return on capital employed in the previous year.

9.Return on Investment (ROI)

   – In 2023, the ROI was -18.23%, indicating a negative return on the company ‘s total investment.

   – In 2022, the ROI was 11.54%, showing a positive return on investment in the previous year.