| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Agarwal Duplex Board Mills Limited |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Equity |
|
|
|
Non-current assets |
|
|
|
Property,
Plant and Equipment |
11.61 |
11.25 |
|
Non-current
investments |
2.00 |
2.00 |
|
Other
non-current assets |
0.24 |
0.24 |
|
Current assets |
|
|
|
Inventories |
44.99 |
65.76 |
|
Current
financial asset |
|
|
|
Trade
receivables, current |
31.96 |
27.45 |
|
Cash
and cash equivalents |
0.13 |
0.16 |
|
Bank
balance other than cash and cash equivalents |
0.35 |
0.33 |
|
Other
current assets |
1.60 |
1.87 |
|
Total Assets |
92.91 |
109.09 |
|
Equity |
|
|
|
Equity
share capital |
13.50 |
13.50 |
|
Other
equity |
16.75 |
16.37 |
|
Non- current liabilities |
|
|
|
Non-current
financial liabilities |
|
|
|
Borrowings,
non-current |
0.49 |
0.40 |
|
Provisions,
non-current |
2.24 |
2.38 |
|
Deferred
tax liabilities (net) |
1.38 |
1.37 |
|
Other non-current
liabilities |
3.50 |
3.50 |
|
Current Liabilities |
|
|
|
Current
financial liabilities |
|
|
|
Borrowings,
current |
14.51 |
13.98 |
|
Trade
payables, current |
29.10 |
43.69 |
|
Other
current liabilities |
10.21 |
13.12 |
|
Provisions,
current |
1.06 |
0.66 |
|
Current
tax liabilities (Net) |
0.13 |
0.07 |
|
Total Equity And Liabilities |
92.91 |
109.09 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Income |
|
|
|
Revenue from Operations |
209.04 |
168.62 |
|
Other Income |
0.03 |
0.08 |
|
Total Income |
209.08 |
168.70 |
|
Expenses |
|
|
|
Cost of material consumed |
118.92 |
101.75 |
|
Purchases
of Traded Goods |
12.67 |
0.24 |
|
Changes
in inventories of |
|
|
|
-Finished
goods |
2.82 |
3.72 |
|
-Work-in-progress |
-0.26 |
0.63 |
|
-Stock
in trade |
-0.06 |
- |
|
Employee Benefit Expenses |
10.54 |
9.57 |
|
Finance Costs |
1.45 |
1.23 |
|
Depreciation & amortization expense |
1.33 |
1.45 |
|
Other Expenses |
61.20 |
50.05 |
|
Total Expenses |
208.63 |
168.67 |
|
Profit/(loss) Before Tax |
0.44 |
0.02 |
|
Current Tax |
0.31 |
0.24 |
|
Deferred Tax |
-0.05 |
-0.09 |
|
Profit/(Loss) for the period |
0.18 |
-0.12 |
|
Other Comprehensive Income |
|
|
|
Re measurements
gains/(loss) of defined benefit plans |
0.25 |
0.22 |
|
Tax on
above |
-0.06 |
-0.05 |
|
Other
comprehensive income for the year, net of tax |
0.18 |
0.16 |
|
Total comprehensive income for the year,
net of tax |
0.37 |
0.04 |
|
Earnings per share |
|
|
|
Basic |
0.01 |
-0.01 |
|
Diluted |
0.01 |
-0.01 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Cash Flow from Operating Activities |
|
|
|
Net Profit Before Tax |
0.44 |
0.02 |
|
Adjustments for: |
|
|
|
Depreciation |
1.33 |
1.45 |
|
Finance
costs |
1.45 |
1.23 |
|
Other
Non- Operating Income |
-0.03 |
-0.08 |
|
Operating profit before changes in assets
and liabilities |
3.20 |
2.63 |
|
Changes
in inventories |
20.76 |
-17.22 |
|
Changes
in trade receivables |
-4.50 |
5.89 |
|
Changes
in other current assets |
0.27 |
-0.24 |
|
Changes
in trade payables |
-14.59 |
4.28 |
|
Changes
in other current liabilities |
-2.90 |
-0.88 |
|
Changes
in provisions-current |
0.39 |
0.04 |
|
Changes
in current tax liabilities (net) |
0.06 |
0.08 |
|
Changes
in provisions - non current |
-0.14 |
0.29 |
|
Changes
in deferred tax liabilities (net) |
- |
-0.03 |
|
Cash generated from operations |
2.56 |
-5.15 |
|
Net
income tax (paid) / refunds |
-0.26 |
-0.15 |
|
Net cash flow from / (used in) operating
activities |
2.30 |
-5.30 |
|
Cash flow from investing activities |
|
|
|
Purchase
of Property, Plant & Equipment |
-1.69 |
-1.22 |
|
Investments
in bank deposits |
-0.02 |
-0.01 |
|
Other
comprehensive Item |
0.18 |
0.16 |
|
Change
in Other non-current liabilities |
- |
3.50 |
|
Other
Non-Operating Income |
0.03 |
0.08 |
|
Net cash flow from / (used in) investing
activities |
-1.49 |
2.50 |
|
Cash flow from financing activities |
|
|
|
Proceeds
from long-term borrowings |
0.08 |
- |
|
Repayment
of long-term borrowings |
- |
-0.45 |
|
Finance
cost |
-1.45 |
-1.23 |
|
Net cash flow from / (used in) financing
activities |
-1.37 |
-1.69 |
|
Net
increase/(decrease) in Cash and cash equivalents |
-0.55 |
-4.49 |
|
Cash
and cash equivalents at the beginning of the year |
-13.82 |
-9.33 |
|
Cash and cash equivalents at the end of
the year |
-14.38 |
-13.82 |
Summary
of the Cash Flow Statement for the years 2025 and 2024:
Cash Flow from Operating Activities
The company reported a significant improvement in operating cash flow during
2025. Cash generated from operations turned positive at ₹2.56 crores compared
to a negative ₹5.15 crores in 2024. This improvement was mainly driven by
higher operating profit before working capital changes (₹3.20 crores vs ₹2.63
crores). A major positive impact came from a substantial reduction in
inventories (₹20.76 crores inflow), indicating better inventory management.
However, this was partially offset by an increase in trade receivables (₹-4.50
crores) and a decrease in trade payables (₹-14.59 crores), which reduced cash
availability. After accounting for taxes, net cash flow from operating
activities stood at ₹2.30 crores, marking a strong recovery from the previous
year’s negative cash flow.
Cash Flow from Investing Activities
Cash flow from investing activities turned negative at ₹-1.49 crores in 2025
compared to a positive ₹2.50 crores in 2024. The outflow was mainly due to
continued investment in property, plant, and equipment (₹-1.69 crores),
indicating ongoing capital expenditure. In the previous year, positive cash
flow was supported by changes in non-current liabilities (₹3.50 crores), which
were absent in 2025. Overall, the current year reflects a normal investment
pattern focused on asset expansion without any major inflows.
Cash Flow from Financing Activities
The company recorded a net cash outflow of ₹-1.37 crores from financing
activities in 2025, slightly lower than ₹-1.69 crores in 2024. The outflow was
primarily due to finance costs (₹-1.45 crores), indicating a continued burden
of interest payments. There was a small inflow from new long-term borrowings
(₹0.08 crores), while no major repayments were observed during the year. This
suggests limited external funding and reliance on internal accruals.
Net Change in Cash Position
Overall, the net decrease in cash and cash equivalents was ₹0.55 crores in
2025, a significant improvement compared to a decline of ₹4.49 crores in 2024.
This indicates better cash flow management during the year, primarily supported
by improved operating performance.
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Current ratio |
1.44 |
1.34 |
|
Debt equity ratio |
0.50 |
0.51 |
|
Debt service coverage
ratio |
1.98 |
1.33 |
|
Return on equity ratio |
1.0% |
-0.4% |
|
Inventory turnover ratio |
96.70 |
123.71 |
|
Trade receivables turnover ratio |
51.88 |
65.82 |
|
Trade payables turnover ratio |
130.03 |
118.81 |
|
Net capital turnover
ratio |
8.70 |
7.01 |
|
Net profit ratio |
0.09% |
-0.07% |
|
Return on capital employed |
5% |
3% |
|
Interest coverage ratio |
1.31 |
1.02 |
|
Operating profit margin |
0.88% |
0.76% |
|
Net profit margin |
0.18% |
0.03% |
|
Return on net worth |
1.25% |
0.15% |
Summary
of the financial ratios for the years 2025 and 2024:
Current Ratio
The current ratio improved from 1.34 in 2024 to 1.44 in 2025, indicating a
better short-term liquidity position. The company is now more capable of
meeting its current obligations using its current assets. Although the
improvement is modest, a ratio above 1 suggests financial stability in the
short term.
Debt-Equity Ratio
The debt-equity ratio slightly declined from 0.51 to 0.50, reflecting a
marginal reduction in financial leverage. This indicates that the company is
maintaining a balanced capital structure with controlled dependence on debt,
which reduces financial risk.
Debt Service Coverage Ratio
The debt service coverage ratio increased significantly from 1.33 to 1.98. This
shows a strong improvement in the company’s ability to service its debt
obligations from operating income, indicating better solvency and financial
health.
Return on Equity
Return on equity improved from -0.4% in 2024 to 1.0% in 2025. The shift from
negative to positive returns indicates that the company has started generating
profits for its shareholders, although the overall return remains low.
Inventory Turnover Ratio
The inventory turnover ratio declined from 123.71 to 96.70, suggesting slower
movement of inventory. This may indicate overstocking or reduced sales
efficiency, which could impact working capital management.
Trade Receivables Turnover Ratio
The trade receivables turnover ratio decreased from 65.82 to 51.88, indicating
that the company is taking longer to collect payments from customers. This
reflects a decline in credit management efficiency and may affect liquidity.
Trade Payables Turnover Ratio
The trade payables turnover ratio increased from 118.81 to 130.03, suggesting
that the company is paying its suppliers more quickly. While this may improve
supplier relationships, it could also put pressure on cash flows.
Net Capital Turnover Ratio
The net capital turnover ratio improved from 7.01 to 8.70, indicating better
utilization of working capital to generate revenue. This reflects improved
operational efficiency.
Net Profit Ratio
The net profit ratio increased from -0.07% to 0.09%, showing a turnaround from
losses to marginal profits. However, the profit margin remains extremely low,
indicating limited profitability.
Return on Capital Employed - ROCE
ROCE improved from 3% to 5%, reflecting better utilization of total capital
employed. Although the increase is positive, the returns are still relatively
low compared to industry expectations.
Interest Coverage Ratio
The interest coverage ratio improved from 1.02 to 1.31, indicating a slightly
better ability to meet interest obligations. However, the ratio is still low,
suggesting limited buffer against financial stress.
Operating Profit Margin
The operating profit margin increased from 0.76% to 0.88%, showing a marginal
improvement in core operational efficiency. However, the margin remains thin,
indicating high operating costs or pricing pressure.
Net Profit Margin
The net profit margin improved from 0.03% to 0.18%, indicating better
bottom-line performance. Despite the improvement, the margin is still very low,
reflecting weak profitability.
Return on Net Worth
Return on net worth increased significantly from 0.15% to 1.25%, showing improved
returns to shareholders. However, the return is still modest and indicates
scope for further improvement.
