A V Thomas And Company Limited (AV Thomas) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
A V Thomas And Company Limited

A.V Thomas and Company Limited Consolidated Balance Sheet (Rs. In Lakhs)

Particular	31-03-2025	31-03-2024
Non- Current assets
Property, Plant and Equipment	8657.97	3676.38
Capital work-in-progress	481.85	50.20
Investment Property	35.92	37.64
Right-of-use assets	641.95	784.11
Other Intangible Assets	118.90	142.33
Investments	4562.06	1952.79
Other financial assets	104.85	111.25
Deferred tax assets (net)	151.29	228.50
Other non-current assets	180.15	207.06
Current assets
Inventories	15945.89	13996.79
Investments	13068.97	12447.55
Trade receivables	4387.86	3401.95
Cash and cash equivalents	205.32	1596.70
Bank balances other than above	80.04	60.86
Loans	54.97	2536.42
Other financial assets	62.22	69.12
Current Tax Assets (Net)	26.75	47.58
Other current assets	1207.36	1319.84
Total Assets	49974.32	42667.07
Equity
Equity Share Capital	45.65	45.65
Other Equity	39178.14	36005.51
Non-current liabilities
Borrowings	193.86	-
Lease liabilities	377.49	449.79
Provisions	297.21	277.06
Current liabilities
Borrowings	2493.31	-
Lease liabilities	198.80	251.59
Trade Payables
Total outstanding dues of micro and small enterprises	434.10	219.13
Total outstanding dues of creditors other than micro and small enterprises	4753.06	3130.29
Other financial liabilities	4.73	7.51
Other current liabilities	643.34	1056.68
Provisions	1354.63	1223.87
Total equity and liabilities	49974.32	42667.07

A.V Thomas and Company Limited Consolidated Profit & Loss (Rs. In Lakhs)

Particulars	31-03-2025	31-03-2024
Revenue from operations	119083.09	107887.05
Other Income	1887.63	1549.93
Total income	120979.72	109436.98
Expenses
Cost of materials consumed	80330.66	70626.74
Purchase of Stock In Trade	12595.23	11837.82
Changes in inventories of finished goods and stock in trade	-167.13	-639.49
Manufacturing Expenses	3148.01	2795.43
Employee Benefit expenses	4866.13	4507.26
Finance Costs	348.05	153.94
Depreciation & amortisation expenses	1031.86	931.73
Selling expenses	8918.55	8367.72
Other expenses	2492.94	2154.9
Total Expenses	113564.3	100736.05
Profit/(loss) before tax	7406.42	8700.93
Share of net profit/(loss) of associates and joint ventures accounted for using equity method	-755.44	-84.69
Profit Before Tax	6650.98	8616.24
Current tax	1767.1	2052.11
Deferred tax	77.21	18756
Profit (Loss) for the year	4806.67	6376.57
Other Comprehensive Income
Items that will not be reclassified subsequently to profit or loss
Equity instruments through other comprehensive income	-	-1137.39
Remeasurement of the defined benefit plans	-67.95	-8.39
Share of other comprehensive income of associates and joint ventures accounted for using the equity method"	14.7	67.75
Income tax relating to items that will not be reclassified to profit or loss	17.1	262.32
Total Comprehensive Income for the year	4770.52	5560.89
Earnings per equity share
Basic	1052.85	1388.84
Diluted	1052.85	1388.84

A.V Thomas and Company Limited Consolidated Cash Flow Statement (Rs. In Lakhs)

Particular	31-03-2025	31-03-2024
Cash Flow From Operating Activities
Net Profit Before Tax and Extraordinary Items:	7406.42	8700.93
Adjustments for:
Depreciation and amortisation	1031.86	931.73
(Profit)/ Loss on Sale of PPE	-18.93	-61.32
Allowance for credit impairment	0.23	1.43
Interest / Dividend Received	-21.55	-44.41
Unrealised Exchange gain fluctuation	-10.34	-8.72
Interest Expense	348.05	153.94
Adjustment for fair valuation of leases	77	87.33
Repayment of Lease Liability	-428.03	-443.65
Interest income on financial assets measured at amortised cost	-100.08	-45.95
Fair Value of investments recognised in P&L account	-1477.98	-1135.01
Operating Profit before Working Capital Changes	6806.65	8136.27
Adjustments for:
Trade Receivables	-975.8	-246.5
Inventories	-1949.1	-413.87
Trade Payables	1837.74	739.99
Other current liabilities	-413.34	233.09
Provision	82.96	-68.17
Accrued Income	6.9	-0.85
Loans	-18.55	2.31
Other current assets	126.61	840.02
Cash Generated from Operations	5504.07	9222.29
Direct Taxes Paid	-1729.17	-2263.33
Net Cash from Operating Activities	3774.91	6958.96
Cash Flow From Investing Activities
Sales of PPE	419.77	154.2
Purchase of PPE	-6452.73	-570.01
Interest / Dividend Received	121.63	90.36
Purchase of Investments	-8678.23	-9952.36
Inter- Corporate Loan	2500	2500
Sale of Investments	6184.83	8486.45
Net Cash From Investing Activities	-5904.73	-4291.36
Cash Flow From Financing Activities
Long Term Borrowings Repayment	-	-390
Long Term Borrowings Receipt	193.86	-
Short-term Borrowings	2493.31	-
Interest Paid	-348.05	-153.94
Buy Back of shares (including tax)	-	-574.23
Dividend Paid	-1600.67	-1381.45
Net Cash From Financing Activities	738.45	-2499.62
Net Increase in Cash and Cash Equivalents	-1391.38	167.98
Cash and Cash Equivalents as at beginning of the period	1596.7	1428.72
Cash and Cash Equivalents as at end of the period	205.32	1596.7

Here is a summary of the Cash Flow Statement for the years 2025 and 2024:

Cash Flow from Operating Activities

In FY 2024–25, the company generated a net profit before tax and extraordinary items of ₹7,406.42 lakh, which is lower than the previous year’s ₹8,700.93 lakh. After adjusting for non-cash expenses such as depreciation and amortisation (₹1,031.86 lakh) and finance costs (₹348.05 lakh), along with deductions for non-operating income like interest/dividend received and fair value gains on investments, the operating profit before working capital changes stood at ₹6,806.65 lakh, down from ₹8,136.27 lakh in the previous year.

Changes in working capital had a negative impact this year — a significant rise in trade receivables (₹975.80 lakh outflow) and inventories (₹1,949.10 lakh outflow), partially offset by higher trade payables (₹1,837.74 lakh inflow). Other adjustments, including reductions in other current liabilities and increases in other current assets, also affected cash flow. After paying direct taxes of ₹1,729.17 lakh, the net cash from operating activities dropped sharply to ₹3,774.91 lakh, compared to ₹6,958.96 lakh last year.

Cash Flow from Investing Activities
The company had a net cash outflow of ₹5,904.73 lakh from investing activities in FY 2024–25, higher than the previous year’s outflow of ₹4,291.36 lakh. The main reason was a steep increase in purchase of property, plant, and equipment (₹6,452.73 lakh compared to ₹570.01 lakh last year), suggesting significant capital expenditure. Additionally, the company made large purchases of investments worth ₹8,678.23 lakh, though this was partially offset by sales of investments amounting to ₹6,184.83 lakh and proceeds from inter-corporate loans of ₹2,500 lakh. Income from interest and dividends provided only a small inflow.

Cash Flow from Financing Activities (CFF)
Financing activities generated a net inflow of ₹738.45 lakh in FY 2024–25, a turnaround from the outflow of ₹2,499.62 lakh in the previous year. This improvement was due to short-term borrowings of ₹2,493.31 lakh and long-term borrowings of ₹193.86 lakh. However, these inflows were partly reduced by interest payments of ₹348.05 lakh and dividend payments of ₹1,600.67 lakh. In the previous year, large outflows occurred due to share buybacks and dividend payments.

Net Change in Cash Position
Overall, the company experienced a net decrease in cash and cash equivalents of ₹1,391.38 lakh during FY 2024–25, compared to an increase of ₹167.98 lakh in the previous year. The cash balance dropped from ₹1,596.70 lakh at the start of the year to ₹205.32 lakh at year-end. The reduction in cash was primarily driven by heavy capital expenditure and investment purchases, combined with weaker operating cash inflows compared to last year.

Financial Ratios of A.V Thomas and Company Limited

Particular	31-03-2025	31-03-2024
Current Ratio (in times)	3.55	6.02
Debt Equity Ratio (in times)	0.08	0.02
Debt Service Coverage Ratio (in times)	18.3	79.88
Return on Equity Ratio (in %)	19.15%	24.93%
Inventory Turnover Ratio (in times)	6.41	6.13
Trade Receivable Turnover Ratio (in times)	30.56	32.93
Trade Payable Turnover Ratio (in times)	44.46	53.88
Net Capital Turnover Ratio (in times)	4.35	4.04
Net Profit Ratio (in %)	4.67%	5.99%
Return on Capital Employed Ratio (in %)	17.65%	23.67%
Return on Investment (in %)	8.80%	0.29%

Here is a summary of the financial ratios for AV Thomas for the year 2025 and 2024:

Current Ratio
The current ratio fell from 6.02 in FY 2023–24 to 3.55 in FY 2024–25. While both figures indicate a comfortable liquidity position (well above the standard benchmark of 1.5–2.0), the decline suggests the company’s short-term assets have reduced relative to its short-term liabilities. This could be due to higher borrowings, lower cash balances, or increased payables, possibly linked to higher capital expenditure and investment activity.

Debt-Equity Ratio
The debt-equity ratio increased from 0.02 to 0.08, showing a modest rise in leverage. Even after the increase, the ratio remains very low, meaning the company still relies primarily on equity rather than debt for funding. The increase is consistent with the short-term borrowings seen in the financing cash flows.

Debt Service Coverage Ratio (DSCR)
The DSCR dropped significantly from 79.88 to 18.3. While both numbers are well above the minimum safe level of around 1.5–2.0, the sharp drop indicates that while the company still generates enough earnings to cover debt obligations comfortably, its interest and principal commitments have risen, and/or operating profits have declined compared to the previous year.

Return on Equity (ROE)
ROE fell from 24.93% to 19.15%, showing a decrease in profitability relative to shareholders’ equity. This may be linked to lower net profits and possibly higher equity base, which diluted returns. Even with the decline, ROE remains strong compared to industry norms.

Inventory Turnover Ratio
The inventory turnover ratio improved slightly from 6.13 to 6.41, indicating that inventory is being sold and replaced a bit faster than last year. This suggests better inventory management or stronger sales efficiency.

Trade Receivable Turnover Ratio
This ratio declined from 32.93 to 30.56, meaning receivables are being collected a little slower than in the previous year. The change is small, but it may point to slightly relaxed credit terms or slower customer payments.

Trade Payable Turnover Ratio
The ratio decreased from 53.88 to 44.46, showing that the company is taking longer to pay its suppliers than in the previous year. This could be a deliberate strategy to manage cash flows or a sign of tighter liquidity.

Net Capital Turnover Ratio
This improved from 4.04 to 4.35, suggesting the company is generating more revenue per unit of working capital employed. This is a positive sign of efficiency in the use of short-term funds.

Net Profit Ratio
The net profit margin declined from 5.99% to 4.67%, reflecting reduced profitability per unit of sales. This could be due to higher costs, lower sales prices, or increased financing and operating expenses.

Return on Capital Employed (ROCE
ROCE fell from 23.67% to 17.65%, showing a decline in the efficiency with which the company is using its total capital (debt + equity) to generate profits. This aligns with the lower profitability seen in ROE and net profit ratio.

Return on Investment (ROI)
ROI jumped from 0.29% to 8.80%, indicating a substantial improvement in returns generated from investments. This may be due to gains from the sale of investments or better yields on invested funds during the year.