Annual Report the financial year 2021-22
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Awaiting price reaction for this filing.
Typhoon Holdings Limited, engaged in trading of agriculture products, filed its Annual Report for FY 2021-22 with the AGM scheduled for September 29, 2022. Total revenue from operations jumped to Rs. 61.67 lakh from Rs. 11.58 lakh in the previous year, a roughly five-fold increase. However, purchases of stock-in-trade also surged to Rs. 58.50 lakh from Rs. 9.85 lakh, eating into margins. Profit after tax stood at Rs. 1.01 lakh versus Rs. 1.01 lakh last year, with EPS at Rs. 0.20. The company declared no dividend and made no change in share capital. Trade receivables ballooned to Rs. 70.61 lakh from Rs. 8.94 lakh, and trade payables rose sharply to Rs. 63.96 lakh from Rs. 5.46 lakh, indicating a working capital stretch. Accumulated losses remain at Rs. 47.86 lakh. The statutory auditor, Vishves A. Shah & Co., is proposed for re-appointment for five years up to 2026.
For shareholders, the sharp top-line growth is encouraging but margins have compressed sharply (net profit ratio fell from 8.71% to 1.64%), and the company continues to carry accumulated losses with no dividend declared. The surge in receivables and payables suggests aggressive business expansion but raises working capital risk. The stock is unlikely to see a meaningful re-rating from this report.