Ador Powertron Limited (Ador Powertron) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Ador Powertron Limited

Ador Powertron Limited Consolidated Balance Sheet (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Non-current assets
Plant, property and equipment	12.98	10.15
Right of use	0.10	0.07
Capital work in progress	14.76	3.74
Investment property	1.44	1.86
Other intangible assets	5.59	2.42
Intangible assets under development	1.89	0.35
Investments in associate and joint venture	24.19	22.42
Other investments	108.30	66.94
Other financial assets	5.99	4.59
Non-current tax assets	0.53	0.44
Other non-current assets	3.56	3.45
Current assets
Inventories	35.68	19.43
Trade receivables	126.03	85.14
Cash and cash equivalent	4.64	4.97
Bank balances other than cash and cash equivalent	4.35	1.41
Other financial assets	0.81	0.82
Other current assets	13.26	6.67
Total assets	364.10	234.87
Equity
Equity share capital	5.83	5.55
Other equity	184.82	118.24
Noncurrent liabilities
Borrowings	20.71	9.28
Other financial liabilities	0.61	0.28
Provisions	2.72	2.46
Deferred tax liability	11.11	11.06
Current liabilities
Borrowings	58.95	34.58
Trade payables
Total outstanding dues of micro and small enterprises	1.37	0.76
Total outstanding dues other than above	61.15	39.91
Other financial liabilities	4.43	2.48
Other current liabilities	10.74	9.45
Provisions	1.66	0.82
Total equity and liabilities	364.10	234.87

Ador Powertron Limited Consolidated Profit & Loss Statement (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Income
Revenue from Operations	176.06	141.31
Other Income	8.08	7.45
Total Income	184.14	148.76
Expenses
Cost of material consumed	96.02	66.18
Purchase of stock in trade	13.70	8.93
Change in inventories of finished goods, work in progress and stock in trade	-10.21	-2.64
Employee benefits expense	29.23	23.35
Finance costs	5.96	4.28
Depreciation & amortization expense	3.75	3.85
Other Expenses	35.92	27.94
Total Expenses	174.37	131.89
Profit before exceptional items and tax	9.77	16.87
Share of net loss of an associate and joint ventures	2.49	1.23
Profit/Loss Before Tax	12.26	18.10
Current Tax	4.19	4.66
Deferred Tax	-2.05	-0.06
Profit/ Loss for the period	10.12	13.50
Other comprehensive income
Items that will not be classified to profit or loss:
Equity investment through other comprehensive income	49.42	-11.05
Remeasurement of post-employment benefit obligations	0.26	-0.12
Income tax relating to this item	-2.31	2.29
Share of other comprehensive income for associate and joint venture	-0.06	-0.04
Total comprehensive income for the period	57.43	4.66
Earnings per share
Basic	17.82	24.33
Diluted	17.82	24.33

Ador Powertron Limited Consolidated Cash Flow Statement (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Cash Flow from Operating Activities
Net Profit Before Tax	12.26	18.10
Accounting for rent deposit taken at amortised cost	-	-
Net allowance on financial assets	-0.12	-0.94
Depreciation and amortization	3.75	3.85
Interest expense	5.96	4.28
Bad debt written off	0.57	1.50
Interest income on fixed deposits	-0.33	-0.27
Share of net profit of associate and joint venture	-2.49	-1.04
Excess provisions written back	-2.94	-1.18
Unrealised foreign exchange gain	-0.04	-0.03
Working capital adjustments:
(increase) in inventories	-7.70	-7.83
(Increase) in Trade receivables	-39.13	-26.49
Decrease/(increase) in financial assets	3.68	-3.92
(increase) in other assets	-4.44	-2.10
Increase in other financial liability	4.05	2.46
Increase/(decrease) in provisions	0.73	-0.11
Increase/(decrease) in trade payables	12.30	-0.25
Increase in other current liabilities	0.93	7.75
Cashflow generated from operations	-12.96	-6.22
Direct taxes paid	-4.28	-4.66
Net Cash from/(used in) Operating Activities	-17.24	-10.88
Cash Flow from Investing Activities
Interest income received on fixed deposits	0.33	0.27
(investment)/withdrawal from fixed deposits	-7.91	7.46
Proceeds from sale of PPE	0.05	-
Purchase of PPE	-18.47	-5.32
Purchase consideration	-4.17	-
Investment in associates, subsidiaries, joint venture	0.72	0.37
Proceeds from sale of investment in equity instrument	7.82	-
Net Cash from / (used in) Investing Activities	-21.63	2.78
Cash Flow from Financing Activities
Issue of equity shares	0.28	-
Premium received on issue of equity shares	14.00	-
Increase in borrowing	32.84	17.97
Interest and finance charges	-5.85	-4.28
Payment of dividend	-2.77	-2.00
Net Cash from/(used in) Financing Activities	38.50	11.69
Net Increase/decrease in Cash & cash equivalents	-0.37	3.59
Cash and cash equivalents at the beginning of the year	4.97	1.35
Cash and cash equivalents at the end of the year	4.64	4.97

Summary of the Cash Flow Statement for the years 2025 and 2024:

Cash Flow from Operating Activities

The company reported a net cash outflow from operating activities of ₹17.24 crore in FY 2024–25 compared to an outflow of ₹10.88 crore in FY 2023–24, indicating deterioration in operating liquidity. Although the company earned a profit before tax of ₹12.26 crore, heavy working capital absorption significantly impacted cash flows. Major cash outflows were due to a substantial increase in trade receivables (₹39.13 crore) and inventories (₹7.70 crore), reflecting slow collections and higher stock levels. While there was support from an increase in trade payables (₹12.30 crore) and other financial liabilities, it was insufficient to offset the working capital pressure. After paying direct taxes of ₹4.28 crore, operating cash flow remained negative, suggesting stress in core cash generation despite accounting profits.

Cash Flow from Investing Activities

Net cash used in investing activities stood at ₹21.63 crore in FY 2024–25 compared to a net inflow of ₹2.78 crore in the previous year, showing a significant shift toward expansion and investment. The company incurred major capital expenditure on purchase of PPE amounting to ₹18.47 crore and also paid ₹4.17 crore as purchase consideration (likely acquisition-related). Additionally, ₹7.91 crore was invested in fixed deposits. Though there were inflows from sale of equity investments (₹7.82 crore) and minor proceeds from sale of PPE, overall investing activities resulted in heavy cash outflow, indicating aggressive investment strategy during the year.

Cash Flow from Financing Activities

Financing activities generated a strong net inflow of ₹38.50 crore in FY 2024–25 compared to ₹11.69 crore in FY 2023–24. The company raised funds primarily through increased borrowings of ₹32.84 crore and equity infusion (₹14.00 crore premium plus ₹0.28 crore share capital). However, outflows included interest payments of ₹5.85 crore and dividend payment of ₹2.77 crore. The substantial financing inflow suggests that borrowings and fresh equity were used to support investing activities and offset negative operating cash flows.

Net Change in Cash and Cash Equivalents

Overall, cash and cash equivalents decreased marginally by ₹0.37 crore during FY 2024–25 compared to an increase of ₹3.59 crore in the previous year. The closing cash balance stood at ₹4.64 crore against ₹4.97 crore last year. Despite heavy operating and investing outflows, strong financing inflows helped maintain a stable cash position with only a slight reduction in year-end cash balance.

Financial ratios of Goodluck Green Energy Limited.

Particulars	31-03-2025	31-03-2024
Current ratio	1.47	1.38
Debt equity ratio	0.38	0.36
Debt service coverage ratio	2.48	3.97
Return on equity ratio	39.49%	4.35%
Inventory turnover ratio	4.58	4.88
Trade receivables ratio	1.59	2.01
Trade payables turnover ratio	2.09	2.41
Net capital turnover ratio	3.21	4.23
Net profit ratio	36.96%	3.53%
Return on capital employed	40.97%	15.60%
Return on investment	32.73%	4.14%

Summary of the Financial ratios for the years 2025 and 2024:

Current Ratio

The current ratio improved to 1.47 from 1.38, indicating a better short-term liquidity position. The company now has a slightly stronger ability to meet its current liabilities, though the ratio remains at a moderate level.

Debt-Equity Ratio

The debt-equity ratio increased marginally to 0.38 from 0.36, showing a slight rise in borrowings. However, the capital structure remains balanced with manageable financial risk.

Debt Service Coverage Ratio

DSCR declined to 2.48 from 3.97, indicating reduced capacity to service debt compared to the previous year. Although still above 1, the decline suggests lower cushion for debt repayment.

Return on Equity

ROE increased significantly to 39.49% from 4.35%, reflecting substantial improvement in profitability and highly efficient utilization of shareholders’ funds.

Inventory Turnover Ratio

The inventory turnover ratio slightly decreased to 4.58 from 4.88, indicating marginally slower inventory movement and slightly lower efficiency in stock management.

Trade Receivables Turnover Ratio

The ratio declined to 1.59 from 2.01, showing slower collection from customers, which may impact liquidity.

Trade Payables Turnover Ratio

The trade payables turnover ratio decreased to 2.09 from 2.41, indicating that the company is taking

slightly longer to pay suppliers, possibly to manage working capital.

Net Capital Turnover Ratio

The ratio reduced to 3.21 from 4.23, suggesting lower efficiency in utilizing capital to generate revenue during the year.

Net Profit Ratio

The net profit ratio increased sharply to 36.96% from 3.53%, indicating a significant improvement in overall profitability and cost control.

Return on Capital Employed

ROCE rose substantially to 40.97% from 15.60%, reflecting improved operational efficiency and better utilization of total capital employed.

Return on Investment

ROI increased significantly to 32.73% from 4.14%, showing strong returns generated from investments during the year.