Agarwal Bolts Annual Reports, Balance Sheet and Financials

Agarwal Bolts Limited Standalone Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Non-Current Assets
Property, Plant and Equipments	409.83	410.90
Deferred Tax Assets	14.59	7.12
Other Non-Current Assets	13.12	13.12
Current Assets
Inventories	749.24	547.40
Trade Receivables	590.33	227.10
Cash & Cash Equivalents	27.67	10.39
Balance with Bank other than above	110.63	110.63
Current Tax Assets(net)	1.27	15.71
Other Current Assets	77.41	84.16
Total assets	1994.08	1,426.53
Equity
Equity Share Capital	5.00	5.00
Other Equity	937.88	915.95
Current Liabilities
Borrowings	433.66	252.14
Trade payables (Others)	508.18	145.46
Other Financial Liabilities	2.80	2.84
Other Current liabilities	55.04	61.11
Provisions	51.52	44.03
Total equity and liabilities	1994.08	1,426.53

 

Agarwal Bolts Limited Standalone Profit & Loss Statement (Rs in Lakhs)

Particulars	2024-2025	2023-2024
Income
Revenue from Operations	3,007.75	3,634.03
Other Income	148.49	25.46
Total Revenue	3,156.24	3,659.49
Expenditure
Cost of Material Consumed	2,173.86	2,282.75
Changes in Inventories of Finished Goods, Stock-in-Process, etc.	(146.04)	212.97
Employees Benefit Expenses	211.20	214.85
Finance Cost	17.36	28.31
Depreciation and Amortization Expense	33.40	35.46
Other Expenses	821.24	818.48
Total Expenses	3,111.02	3,593.82
Profit/(Loss) Before Tax	45.22	66.66
Current Tax	12.00	19.00
Excess Provision Written Back	-	-
Short Provision for Earlier Year	11.90
Deferred Tax Liability/(Asset)	(7:46)	(5.30)
Profit Loss for the Year	(28.78)	52.96
Other Comprehensive Income
Remeasurement of post employment benefit obligation	(6 84)	(5.30)
Total Comprehensive Income	21.93	47.66
Earning per equity share	57.55	105.92

 Agarwal Bolts Limited Standalone Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Cash Flow from Operating Activities:
Net Profit/(Loss) before Tax & Extra Ordinary Items	38.37	61.36
Adjustment for:
Depreciation	33.40	35.46
Interest Paid	17.36	28.31
Profit on sale of Fixed Assets	(0.03)	-
Provision for Gratuity	8.69	7.82
Gratuity Paid	(1.20)	5.30
Interest Received	(9.34)	-6.14
Operating Profit/(Loss) before working Cap. Changes	87.26	132.11
Changes in:
Trade Payable & Other Liabilities	356.61	-107.25
Other Bank Balances	0.00	32.00
Inventories	(201.84)	264.39
Trade & Other Receivable	(356.48)	-20.08
Cash Generated from Operation:	(114)	301.00
Interest Paid	(17.36)	-28.31
Direct Taxes paid/Adjustments	(9.46)	10.40
Net Cash Flow from Operating Activities	(141)	262.00
Cash Flow from Investing Activities:
Interest Received	9.34	6.14
Security Deposit		-
Profit on Sale of Fixed Assets	0.03	-
Sale of Fixed Assets	1.30
Purchase of Fixed Assets	(33.64)	-60.32
Net Cash used in Investing Activities	(22.97)	-54.17
Cash Flow from Financing Activities:
Proceeds from Borrowings	181.52	-274.04
Net Cash used in Financing Activities	181.52	-274.04
Net Increase in cash & cash Equivalents	17.28	-65.74
Opening Balance of cash & cash Equivalents	10.39	76.13
Closing Balance of cash & cash Equivalents	27.67	10.39

Agarwal Bolts Limited – Cash Flow Statement Analysis

(All figures in Lakhs)

1. Cash Flow from Operating Activities

Net profit before tax declined to ₹38.37 lakhs in 2025 from ₹61.36 lakhs in 2024, indicating moderation in operating performance.

➤ Non-cash / non-operating adjustments

• Depreciation: ₹33.40 lakhs (slightly lower than ₹35.46 lakhs in 2024).

• Interest paid: ₹17.36 lakhs (down from ₹28.31 lakhs).

• Provision for gratuity: ₹8.69 lakhs; gratuity paid: ₹1.20 lakhs.

• Interest received (₹9.34 lakhs) deducted from operating income.

After adjustments, operating profit before working capital changes stood at ₹87.26 lakhs (₹132.11 lakhs in 2024).

➤ Working capital movements

• Trade payables & other liabilities increased significantly, generating inflow of ₹356.61 lakhs.

• Inventories increased (₹201.84 lakhs outflow).

• Trade receivables increased sharply (₹356.48 lakhs outflow).

These movements resulted in negative cash generation from operations of about ₹114 lakhs, compared to positive ₹301 lakhs in 2024.

➤ Tax and finance cost

• Interest paid: ₹17.36 lakhs.

• Direct taxes paid: ₹9.46 lakhs.

  Net Cash from Operating Activities:

  • ₹(141) lakhs in 2025

  • ₹262 lakhs in 2024

  Interpretation:
  Operating cash flow turned negative mainly due to heavy increase in receivables and inventory, indicating pressure on working capital despite accounting profits.

  2. Cash Flow from Investing Activities

  Key components:

  • Purchase of fixed assets: ₹33.64 lakhs.

  • Sale of fixed assets: ₹1.30 lakhs.

  • Interest received: ₹9.34 lakhs.

    Net Cash used in Investing Activities:

    • ₹(22.97) lakhs in 2025

    • ₹(54.17) lakhs in 2024

    Interpretation:
    Moderate capital expenditure indicates continued investment in fixed assets, though lower than the previous year. Investing outflow is controlled and mainly related to asset maintenance.

    3. Cash Flow from Financing Activities

    • Proceeds from borrowings: ₹181.52 lakhs in 2025.

    • Previous year reflected repayment/outflow of ₹274.04 lakhs.

      Net Cash from Financing Activities:

      • ₹181.52 lakhs inflow in 2025

      • ₹(274.04) lakhs outflow in 2024

      Interpretation:
      The company relied on borrowings to support liquidity and operations during the year. Financing inflow offset negative operating cash flow.

      4. Overall Cash Position

      Interpretation:

      • Cash position improved during 2025 due to borrowings.

      • Despite negative operating cash flow, financing support helped maintain liquidity.

      • Closing cash balance increased to ₹27.67 lakhs.

        Overall Conclusion

        • Profitability exists but operating cash flow weakened due to higher receivables and inventory.

        • Working capital management needs improvement.

        • Capital expenditure is moderate and controlled.

        • Borrowings played a key role in maintaining liquidity.

        Overall, Agarwal Bolts Limited shows reliance on external financing amid working capital pressures, and future stability will depend on improved operational cash generation and receivable management.

Financial Ratios of Agarwal Bolts Limited

Particulars	2025	2024
Current Ratio	7.487	1.97
Debt-Equity Ratio	0.460	0.27
Debt Service coverage ratio	0.1,29	0.36
Return on Equity ratio	57.554	105.92
Inventory turnover ratio	3.957	4.43
Trade receivables turnover ratio	7.240	14.320
Trade Payable Turnover Ratio	7.767	8.422
Net Capital Turnover Ratio	5.947	7.41
Net Profit ratio	0.007	0.013

 

Agarwal Bolts Limited – Key Financial Ratios Analysis

(FY 2025 vs FY 2024)

Current Ratio

• 2025: 7.49

• 2024: 1.97

Explanation:
The current ratio improved sharply, indicating a strong liquidity position. The company now holds significantly higher current assets relative to current liabilities, ensuring better short-term solvency. However, such a steep rise may also suggest excess funds locked in working capital.

Debt–Equity Ratio

• 2025: 0.46

• 2024: 0.27

Explanation:
Leverage increased during the year, reflecting higher dependence on borrowings. Though still at a moderate level, the rising ratio indicates growing financial risk and reliance on external funding.

Debt Service Coverage Ratio (DSCR)

• 2025: ~0.29

• 2024: 0.36

Explanation:
DSCR declined, indicating reduced ability to service debt obligations from operating earnings. A ratio below 1 signals pressure on repayment capacity and highlights the need for stronger operational cash flows.

Return on Equity (ROE)

• 2025: 57.55

• 2024: 105.92

Explanation:
ROE decreased significantly, reflecting lower profitability relative to shareholders’ funds. The decline indicates reduced efficiency in generating returns for equity investors.

Inventory Turnover Ratio

• 2025: 3.96

• 2024: 4.43

Explanation:
Inventory turnover slowed slightly, suggesting relatively higher inventory holding or slower sales movement. Efficient inventory management remains important to avoid working capital blockage.

Trade Receivables Turnover Ratio

• 2025: 7.24

• 2024: 14.32

Explanation:
The ratio dropped sharply, indicating slower collection from customers and increased credit exposure. This aligns with the rise in receivables seen in the cash flow statement and signals working capital pressure.

Trade Payables Turnover Ratio

• 2025: 7.77

• 2024: 8.42

Explanation:
A marginal decline suggests slightly longer payment cycles to suppliers. This may reflect efforts to manage liquidity and conserve cash.

 Net Capital Turnover Ratio

• 2025: 5.95

• 2024: 7.41

Explanation:
The ratio decreased, indicating lower efficiency in utilising working capital to generate revenue. This aligns with higher receivables and inventory levels.

Net Profit Ratio

• 2025: 0.007

• 2024: 0.013

Explanation:
Profit margin declined, reflecting increased costs or weaker pricing power. Lower margins have directly impacted overall profitability and returns.

Overall Interpretation

• Liquidity improved significantly, but may reflect funds tied up in working capital.

• Leverage increased and debt servicing capacity weakened.

• Profitability and returns declined compared to the previous year.

• Efficiency ratios (receivables, inventory, capital turnover) indicate operational pressure.

Overall, Agarwal Bolts Limited shows stronger liquidity but weakening profitability and operational efficiency, with higher dependence on debt and slower working capital cycles requiring corrective management focus.