Page 73 - BCML AR 2019-20

2020. ROCE for the year stood at 13.18% as receivable of B18973.48 lacs as on the last by 5.24% to 67.35 lac quintals as on 31st
compared to 17.88% during 2018-19. day of the previous year. March 2020.

Net block Other financial liabilities Interest Coverage Ratio
Net block of the Company stood at Other financial liabilities increased from Interest coverage ratio stood at 10.63
B1,63,644.24 lacs as on 31st March, 2020 B11,974.03 lacs as on 31st March, 2019 to times during 2019-20 as compared to
compared to B1,46,738.26 lacs as on 31st B16,583.76 lacs as on 31st March, 2020. 16.83 times during 2018-19. This was on
March, 2019. The Company provided The increase was mainly on account of account of lower profits earned by the
B10,141.73 lacs as depreciation and current maturities of long-term debt, Company during 2019-20 along with an
amortisation during the year. During the security deposits and retention money. increase in interest expenses. The allied
year, B25,437.91 lacs was added to the During 2020-21, B8,336.52 lacs is repayable business i.e. distillery performed well
Company’s asset block. Additions were compared to B6009.62 lacs repaid during during the year under review, which
mainly on account of the new 160 KLPD 2019-20. enabled the Company to report stable
distillery plant set up by the Company at profits compared to the previous year.
its Gularia Unit. Other non-current assets
Other non-current assets reduced from Current Ratio
Investments B3,198.32 lacs on 31st March, 2019 to Current ratio improved from 1.37 in 2018-
Investments stood at B18,543.21 lacs as on B483.54 lacs as on 31st March, 2020. The 19 to 1.46 in 2019-20.
31st March, 2020 compared to B12,005.73 decrease was mainly on account of a
lacs as on 31st March, 2019. During the reduction in capital advances owing to Debt-Equity Ratio
year, the Company invested B8250.00 the capitalisation of fixed assets. The long-term debt-equity ratio increased
lacs in Auxilo Finserve Private Limited, an marginally from 0.18 times to 0.19 times
associate of the Company (NBFC private Other non-current liabilities during 2019-20. This was on account of
limited company based in India engaged Other non-current liabilities stood at increase in long-term borrowings availed
in financing activities in the education BNil as on 31st March, 2020 compared to by the Company amounting to B13024.00
sector). Debentures of Visual Percept Solar B35.93 lacs as on 31st March, 2019. lacs under the Scheme for extending
Projects Private Limited (associate of the financial assistance to sugar mills for
Company) for an amount of B1646.05 lacs Other Current Assets enhancement and augmentation of
were redeemed during the year. Other Current Assets stood at B7382.39 ethanol production capacity.
lacs on 31st March, 2020 as compared to
Trade and other receivables B2070.45 lacs as on 31st March, 2019. The Operating Profit Margin
Trade and other receivables reduced by increase was mainly on account of Income Operating Profit Margin decreased from
46.83% from B45003.36 lacs as on 31st Tax refundable and Interest Accrued 16.08% during 2018-19 to 14.38% during
March, 2019 to B23928.87 lacs as on 31st thereon. 2019-20.
March, 2020. The outstandings included
B17,282.27 lacs on account of the supply Other Current Liabilities Total Comprehensive Income
of power to UPPCL. Other Current Liabilities increased from Margin (%)
B3552.41 lacs as on 31st March, 2019 to Total Comprehensive Income decreased
Trade and other payables B5911.71 lacs as on 31st March, 2020. from 13.19% during 2018-19 to 10.59%
Trade and other payables increased from The increase was mainly on account of during 2019-20.
B61,850.39 lacs as on 31st March, 2019 to increase in advances from customers.
B67,795.18 lacs as on 31st March, 2020. Return on Net Worth
The outstanding were mainly on account Debtors’ turnover Return on Net Worth decreased from
of cane price dues to farmers. Debtors’ turnover ratio stood at 20 days 31.74% during 2018-19 to 23.11% during
during 2019-20 as compared to 27 days 2019-20.
Other financial assets during 2018-19. This was mainly owing to
Other financial assets increased from a realisation of receivables. Return on Capital Employed
B19277.07 lacs as on 31st March, 2019 to Return on Capital Employed decreased
B29,989.62 lacs as on 31st March, 2020. Inventory turnover from 21.79% during 2018-19 to 17.89%
The increase was mainly on account Inventory turnover ratio for 2019-20 stood during 2019-20.
of claims receivables amounting to at 188 days as compared to 198 days
B29,597.40 lacs under various schemes during 2018-19. Decrease in inventory
announced by the Government. During turnover ratio was mainly on account
the year, the Company received B18710.54 of decrease in stock of sugar owing to
lacs out of the opening amount of claim exports. Closing stock of sugar reduced

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