Ecosure Pulpmolding Technologies Limited.(ESTD-2019) Shares

Financial Report Summary

Financial Summary of Ecosure Pulpmolding Technologies Limited as at March 31, 2023

Balance Sheet Highlights:

• Equity and Liabilities:
  • Share Capital: Rs. 500.00 thousand for both 2023 and 2022.
  • Reserves & Surplus: Increased significantly from Rs. 3,946.16 thousand in 2022 to Rs. 11,044.66 thousand in 2023.
  • Total Shareholders' Funds: Increased from Rs. 4,446.16 thousand to Rs. 11,544.66 thousand.
  • Long Term Borrowings: Increased substantially to Rs. 11,263.61 thousand in 2023 from Rs. 0 in 2022.
  • Short Term Borrowings: Increased significantly from Rs. 10,583.65 thousand to Rs. 29,765.49 thousand.
  • Trade Payables: Increased from Rs. 13,856.54 thousand to Rs. 20,931.02 thousand.
  • Other Current Liabilities: Increased from Rs. 126,590.23 thousand to Rs. 163,872.96 thousand.
  • Short-Term Provisions: Increased from Rs. 1,324.70 thousand to Rs. 2,299.16 thousand.
  • Total Equity and Liabilities: Increased from Rs. 156,801.28 thousand to Rs. 239,676.90 thousand.
• Assets:
  • Property, Plant and Equipment: Increased from Rs. 595.33 thousand to Rs. 2,636.79 thousand.
  • Deferred Tax Assets: Increased from Rs. 5.35 thousand to Rs. 145.29 thousand.
  • Inventories: Increased from Rs. 33,078.46 thousand to Rs. 58,595.80 thousand.
  • Trade Receivables: Increased from Rs. 50,254.68 thousand to Rs. 62,721.29 thousand.
  • Cash And Cash Equivalents: Increased from Rs. 1,589.56 thousand to Rs. 6,819.86 thousand.
  • Short Term Loans And Advances: Increased from Rs. 71,253.90 thousand to Rs. 108,740.87 thousand.
  • Total Assets: Increased from Rs. 156,801.28 thousand to Rs. 239,676.90 thousand.

Statement of Profit and Loss Highlights:

• Revenue:
  • Revenue from Operations: Increased significantly from Rs. 167,078.17 thousand in 2022 to Rs. 334,111.76 thousand in 2023.
• Expenses:
  • Purchase of Traded Goods: Increased from Rs. 155,504.57 thousand to Rs. 305,460.12 thousand.
  • Employee Benefit Expenses: Increased from Rs. 8,511.34 thousand to Rs. 14,278.73 thousand.
  • Depreciation: Increased from Rs. 463.02 thousand to Rs. 1,277.96 thousand.
  • Other Expenses: Increased from Rs. 15,761.20 thousand to Rs. 28,431.47 thousand.
  • Total Expenses: Increased from Rs. 162,005.87 thousand to Rs. 324,590.93 thousand.
• Profitability:
  • Profit Before Tax: Increased from Rs. 5,096.41 thousand to Rs. 9,520.83 thousand.
  • Profit After Tax: Increased from Rs. 3,773.76 thousand to Rs. 7,098.50 thousand.
• Earnings Per Share:
  • Basic and Diluted EPS: Increased from Rs. 75.48 to Rs. 141.97.

Key Financial Ratios (Year ended 31-03-2023):

• Current Ratio: 1.10
• Debt Equity Ratio: 1.97
• Net Profit Ratio: 0.02

Additional Information:

• The company's share capital remains unchanged at Rs. 500,000.
• A detailed list of shareholders and their shareholding as of March 31, 2023, and March 31, 2022, is provided.
• Details of long-term borrowings, including secured and unsecured loans from various financial institutions, are provided.
• The company has disclosed related party transactions as per Accounting Standard AS-18, including key management personnel and transactions with related entities.
• The auditor's remuneration for the year is Rs. 20,000.
• The company confirms that there are no pending applications or proceedings under the Insolvency and Bankruptcy Code, 2016.
• The company does not hold any immoveable property, hence reporting of the title deed is not applicable
• The company confirms that it has not traded or invested in crypto currency or virtual currency for the financial year ended March 31, 2023 and March 31, 2022
• There are no Contingent Liabilities and unexecuted capital commitments to be disclosed.

Overall Analysis:

The company has demonstrated significant revenue growth and improved profitability, alongside increased liabilities and assets.