ACS Technologies Annual Report

ACS Technologies Limited (ACS Technologies) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
ACS Technologies Limited

ACS Technologies Limited Consolidated Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Non-current assets
Property, plant and equipment	323.67	354.40
Capital work in progress	-	348.26
Goodwill	2,429.10	2,429.10
Other Intangible assets	1,619.01	944.19
Intangible Assets under development	-	47.50
Investment	200.00	200.00
Other non-current assets	2,189.16	286.60
Current assets
Inventories	4,003.32	2,846.57
Trade receivables	4,728.80	4,134.64
Cash and cash equivalents	25.48	33.20
Bank balances other than cash and cash equivalent	146.44	145.12
Other financial assets	96.96	47.26
Other current assets	640.98	274.10
Total assets	16,402.92	12,090.93
Equity
Equity share capital	6,074.19	6,074.19
Other equity	3,818.41	3,338.39
Non Controlling Interest	19.97	7.37
Non-current liabilities
Borrowings	614.72	524.20
Provisions	57.59	41.16
Deferred tax liabilities (net)	40.39	1.67
Current liabilities
Borrowings	2,130.56	1,069.74
total outstanding dues of creditors other than micro enterprises and small enterprises	3,329.37	811.54
Other current liabilities	170.35	110.03
Provisions	52.46	58.14
Current Tax Liabilities (Net)	94.91	54.48
Total equity and liabilities	16,402.92	12,090.93

ACS Technologies Limited Consolidated Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Revenue from operations
Income from operations	12,658.05	8,199.40
Other income	36.09	9.76
Total Revenue from operations	12,694.14	8,209.16
Expenses
Cost of operations	11,580.87	7,482.32
Change in inventories	-1,156.75	-1,386.30
Employee benefits expense	888.88	752.85
Finance cost	236.91	235.43
Depreciation and amortization expense	257.41	488.11
Other expenditure	320.17	274.70
Total expenses	12,127.49	7,847.11
Profit / (Loss) from ordinary activities before tax	566.65	362.05
Tax expense
Current tax	94.91	54.48
Deferred tax	-11.96	-119.08
Net Profit / (Loss) for the period	483.70	426.65
Other comprehensive income
Items not classified to profit or loss
Items that will be classified to profit or loss	8.92	-2.31
Total Comprehensive income	492.62	424.34
Paid-up equity share capital	6,074.19	6,074.19
Other equity excluding revaluation reserves	3,838.38	3,345.76
Earnings per share	0.80	0.74

ACS Technologies Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Operating activities
Profit / (Loss) before tax	566.65	362.05
Adjustments:
Depreciation and Amortization	257.41	488.11
Finance income	-36.10	-9.76
Finance cost	236.91	235.43
Adjustment of Non Controlling Interest	-12.60	-6.88
Re-measurement gains/ (losses) on defined benefit plan	8.92	-2.31
Working capital adjustments:
Trade receivables	-594.16	478.44
Inventories	-1,156.75	-1,386.30
Financial assets	-416.58	139.16
Trade payables	2,517.83	-49.02
Provisions	10.75	27.81
Other liabilities	100.74	46.11
Income tax paid (net of refund)	44.23	1.50
Net cash flows from / (used in) operating activities	1,438.79	321.34
Investing activities
Purchase of property, plant and equipment	-15.73	-27.78
Purchase of intangible assets	-885.78	-272.46
Investment made in Capital Work in Progress	348.26	-348.26
Investment made in subsidiary and others	47.50	-
Interest received	36.10	9.76
Net cash flows from / (used in) investing activities	-469.65	-638.74
Financing activities
Proceeds from borrowings, net	1,060.82	-56.50
Repayment of unsecured loans	90.52	-194.58
Change in Non current assets	-1,902.57	31.84
Non Controlling Interest	12.60	6.88
Issue of share capital	-	480.00
Interest paid (gross)	-236.91	-235.43
Securities Premium	-	300.00
Net cash flows from / (used in) financing activities	-975.54	332.21
Net increase/ (decrease) in cash and cash equivalents	-6.40	14.81
Cash and cash equivalents at the beginning of the year	178.32	163.51
Cash and cash equivalents at the end of the period	171.92	178.32

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

Operating Activities:

In FY 2025, ACS Technologies generated strong operating cash flow of ₹1,438.79 lakhs, up from ₹321.34 lakhs in FY 2024. This improvement was driven by higher profit before tax and favorable working capital changes, particularly a significant increase in trade payables, despite higher inventory and receivables. Non-cash adjustments like depreciation and finance costs also contributed positively to the operational cash flow.

Investing Activities:

The company invested significantly in intangible assets (₹885.78 lakhs) in FY 2025, which reflects a strategic focus on technology or IP assets. However, a positive change in Capital Work in Progress (₹348.26 lakhs) and proceeds from interest income (₹36.10 lakhs) partially offset the cash outflows. Despite this, net investing cash flow stood at an outflow of ₹469.65 lakhs, a marginal improvement over the previous year’s ₹638.74 lakhs outflow, showing continued investment in growth assets.

Financing Activities:

FY 2025 saw net borrowings of ₹1,060.82 lakhs, reversing the outflow in FY 2024. However, a significant increase in non-current assets (₹1,902.57 lakhs) led to high financing outflows. Interest payments also continued at a similar level as the previous year (₹236.91 lakhs). Unlike FY 2024, no new equity capital or premium was raised in FY 2025. As a result, net cash used in financing activities stood at ₹975.54 lakhs, compared to a positive inflow of ₹332.21 lakhs in FY 2024.

Net Cash Position:

Overall, the company saw a marginal net decrease in cash by ₹6.40 lakhs during FY 2025, compared to a small increase of ₹14.81 lakhs in FY 2024. The closing cash and cash equivalents stood at ₹171.92 lakhs, indicating a stable liquidity position, despite higher capital expenditure and financing outflows.

Audited Financial results for Q4 and year ended 31 March, 2025

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