Ace Stone Craft Annual Reports, Balance Sheet and Financials

Ace Stone Craft Limited Standalone Balance Sheet (Rs in Thousand)

Particulars	31-03-2025	31-03-2024
ASSETS:
Non-current assets
Property, Plant and Equipment	3.20	14.33
Other Intangible Assets:	1,153.43	1,653.43
Investments	59,599.81	59,597.81
Loans	137,300.27	135,500.17
Other Financial Assets	50,000.00	50,000.00
Other Non Current Assets	6,369.76	7,962.20
Current assets:
Cash and bank balances	20.19	93.44
Other Current Assets	3,673.27	3,568.86
TOTAL ASSETS	258,119.93	258,390.23
EQUITY AND LIABILITIES:
Share Capital	234921	234921
Other Equity	21,804.55	20,526.86
Non-Current Liabilities
Deferred tax liabilities (Net)	52.99	78.67
Current liabilities
Trade Payables	-	-
Other current liabilities	542.48	1,757.15
Current Tax Liabilities	798.91	1,106.56
TOTAL EQUITY AND LIABILITIES	258,119.93	258,390.23

Ace Stone Craft Limited Standalone Profit & Loss Statement (Rs in Thousand)

Particulars	31-03-2025	31-03-2024
Other Income	8,134.54	8,752.72
Total Revenue	8,134.54	8,752.72
Expenses
Purchase of stock-in-trade
Employee Benefit Expenses	3,645.82	4,526.02
Depreciation	511.13	521.46
Other expenses	2,318.92	2,532.34
Total expenses	6,475.87	7,579.82
Profit/Loss Before Tax	1,658.66	1,172.90
Current Tax	450.82	341.01
Earlier Period Tax	-44.17	276.49
Deferred Tax	-25.68	8.11
Profit/(Loss) for the Year	1,277.69	547.29
Earnings per equity share
Basic	0.05	0.02
Diluted	0.05	0.02

Ace Stone Craft Limited Standalone Cash Flow Statement (Rs in Thousand)

Particulars	31-03-2025	31-03-2024
Cash Flow from Operating Activities
Net Profit before taxes and after exceptional items	1,658.66	1,172.91
Adjustment for Deferred Revenue Expenditure:
Depreciation	511.13	521.46
Operating Profit before Working Capital changes	2,169.79	1,694.37
Adjustment for changes in Working Capital
Other financial liabilities, provision and other liabilities	(1,240.35)	(1,556.42)
Loan, Other financial assets and other assets	1,486.03	(48,797.71)
Cash generated from Operating Activities	2,415.47	(48,659.76)
Taxes Paid	(688.62)	(284.60)
Net Cash from Operating Activities	1,726.85	(48,944.36)
Cash Flow from Investing Activities
Sale/(Purchase)of Fixed Assets
Loan Given to Parties	(1,800.10)	48,964.63
Net Cash from Investing Activities	(1,800.10)	48,964.63
Net Cash from Financing Activities	-	-
Net Increase/(Decrease) in Cash and Cash Equivalents	(73.25)	20.27
Cash and Cash Equivalents as on 01st April (Opening Balance)	93.44	73.17
Cash and Cash Equivalents as on 31st March (Closing Balance)	20.19	93.44

Ace Stone Craft Limited’s cash flow statement for FY2025 shows a recovery in operational cash generation with figures reported in ₹ thousand, indicating a structured improvement in working capital management and profitability compared with FY2024.

During FY2025, the company recorded net profit before tax and exceptional items of ₹1,658.66 thousand, compared with ₹1,172.91 thousand in FY2024. After considering depreciation of ₹511.13 thousand, the operating profit before working capital changes stood at ₹2,169.79 thousand, reflecting stable operational performance.

Working capital movements significantly influenced cash flows. The company reported an increase in loans, financial assets and other assets amounting to ₹1,486.03 thousand, while financial liabilities and provisions decreased by ₹1,240.35 thousand. Consequently, cash generated from operating activities was ₹2,415.47 thousand. After payment of taxes of ₹688.62 thousand, net cash from operating activities stood positive at ₹1,726.85 thousand, a substantial improvement over the large negative operating cash flow recorded in FY2024.

Under investing activities, the company recorded an outflow of ₹1,800.10 thousand towards loans given to parties, indicating deployment of funds into financial assets. In contrast, FY2024 had reflected significant inflows due to recovery of loans and advances.

There were no cash flows from financing activities during the year, suggesting the company did not rely on external funding and operated primarily through internal accruals.

Overall, the company reported a net decrease in cash and cash equivalents of ₹73.25 thousand, resulting in a closing balance of ₹20.19 thousand as on 31 March 2025 compared with ₹93.44 thousand in the previous year.

Overall Interpretation:
The cash flow profile of Ace Stone Craft Limited indicates improved operational strength and better cash conversion in FY2025. Although cash balances declined due to deployment in loans and financial assets, the positive operating cash flow reflects strengthening core business sustainability and a more balanced liquidity position compared with the previous year.
 

Financial Ratios of Ace Stone Craft Limited

The financial ratios of Ace Stone Craft Limited indicate a notable improvement in liquidity and gradual strengthening in profitability during FY 2025 compared to FY 2024, though several operational efficiency indicators remain unavailable.

The Current Ratio increased significantly to 2.75 in FY 2025 from 1.28 in FY 2024, reflecting a strong enhancement in short-term financial stability. The company now maintains a comfortable cushion of current assets over current liabilities, suggesting improved working capital management and a better ability to meet near-term obligations.

The Debt–Equity Ratio and Debt Service Coverage Ratio are reported as not applicable, which indicates that the company likely has negligible or no external borrowings. This points toward a conservative capital structure and low financial risk, though it also suggests limited leverage-driven expansion.

Profitability indicators show gradual improvement. The Return on Equity (ROE) rose to 0.50% in FY 2025 from 0.21% in FY 2024, indicating a marginally better return generated for shareholders. Similarly, the Return on Capital Employed (ROCE) improved to 0.65% from 0.46%, reflecting slightly more efficient utilization of overall capital deployed in the business. However, both ratios remain modest, suggesting that the company is still in a phase of low earnings generation or underutilized assets.

Key operational efficiency ratios such as Inventory Turnover, Trade Receivables Turnover, Trade Payables Turnover, Net Capital Turnover, and Net Profit Margin are not reported, which limits a detailed assessment of operating performance and cost efficiency.

Overall, the ratio analysis suggests that Ace Stone Craft Limited has strengthened its liquidity position and maintained a debt-free or low-debt structure, which supports financial stability. Profitability and capital efficiency have shown early signs of improvement, but returns remain at a nascent level. Going forward, sustained revenue growth, improved margins, and better asset utilization will be crucial for enhancing shareholder value and operational performance.

Particulars	2025	2024
Current Ratio	2.75	1.28
Debt - Equity Ratio	NA	NA
Debt Service Coverage Ratio	NA	NA
Return on Equity Ratio (%)	0.50%	0.21%
Inventory Turnover Ratio	NA	NA
Trade Receivable Turnover Ratio	NA	NA
Trade Payable Turnover Ratio	NA	NA
Net Capital Turnover Ratio	NA	NA
Net Profit Margin (%)	NA	NA
Return on Capital Employed (%)	0.65%	0.46%
Return on Capital Employed (%)	NA	NA