Anand I-Power Annual Reports, Balance Sheet and Financials

Anand I Power Limited Standalone Balance Sheet (Rs in crores)

Particulars	31.03.2026	31.03.2025
Property, plant and equipment	51.86	55.75
Right-of-use assets	0.15	0.19
Capital work-in-progress	0.08	0.51
Other intangible assets	0.12	0.16
Investment	2.87	2.58
Loans	0.24	0.21
Income tax assets (net)	6.19	3.86
Other non-current assets	4.89	5.00
Total non-current assets	66.40	68.27
Inventories	36.38	27.25
Trade receivables	34.45	30.80
Cash and cash equivalents	0.44	0.55
Bank balances other than (b) above	-	0.04
Loans	0.05	0.06
Other financial assets	0.05	0.09
Other current assets	3.27	2.43
Total current assets	74.64	61.22
Total assets	141.04	129.49
Equity share capital	3.33	3.33
Reserves and surplus	19.97	2.25
Equity component of financial instrument	4.28	4.28
Total equity	27.58	9.86
Borrowings (non-current)	9.36	13.68
Provisions (non-current)	3.15	3.63
Total non-current liabilities	12.51	17.31
Borrowings (current)	19.57	12.51
Trade payables - micro and small enterprises	1.93	1.84
Trade payables - others	31.05	25.61
Other financial liabilities	42.85	55.78
Other current liabilities	3.94	5.42
Provisions (current)	1.61	1.17
Total liabilities	113.46	119.64
Total equity and liabilities	141.04	129.49

Anand I Power Limited Standalone Profit & Loss Statement (Rs in Crores)

Particulars	31-03-2026	31-03-2025
Revenue from operations	188.35	166.37
Other income	19.95	1.30
Total income	208.30	167.67
Cost of materials consumed	84.60	73.16
Changes in inventories of finished goods, WIP and stock-in-trade	(6.73)	(3.56)
Employee benefit expense	30.93	26.89
Finance costs	2.81	3.89
Depreciation and amortisation expense	5.11	5.06
Other expenses	74.20	64.79
Total expenses	190.92	170.23
Profit/(Loss) before exceptional item and tax	17.38	(2.56)
Exceptional item	-	-
Profit/(Loss) before tax	17.38	(2.56)
Profit/(Loss) for the year	17.38	(2.56)
Other comprehensive income - Re-measurement of post-employment benefit obligations	0.34	(0.13)
Total comprehensive income/(loss) for the year	17.72	(2.69)
Earnings per equity share - Basic and diluted (Rs.)	5.21	(0.77)

Anand I Power Limited Standalone Cash Flow Statement (Rs in crores)                                 

Particulars	31.03.2026	31.03.2025
Profit / (Loss) before income tax	17.38	(2.56)
Depreciation and amortisation expense	5.11	5.06
Provision for doubtful receivables	0.01	-
(Gain) / Loss on disposal of property, plant and equipment	(17.98)	(0.29)
Interest income	(0.01)	(0.01)
Finance costs	2.81	3.89
(Gain) / Loss on sale of investment	-	(0.05)
Unrealised foreign exchange fluctuations (gain) / loss (net)	0.29	(0.04)
Unrealised income on investment in equity shares	(0.29)	-
(Increase) / Decrease in inventories	(9.13)	(2.86)
(Increase) / Decrease in trade receivables	(3.94)	5.81
(Increase) / Decrease in loans	(0.01)	0.01
(Increase) / Decrease in other financial assets	0.04	0.18
(Increase) / Decrease in other current assets	(0.84)	0.23
(Increase) / Decrease in other non current assets	(0.02)	(0.16)
Increase / (Decrease) in trade payables	5.52	(2.50)
Increase / (Decrease) in other financial liabilities	(7.35)	4.27
Increase / (Decrease) in provisions	0.31	0.20
Increase / (Decrease) in current liabilities	(1.48)	0.47
Cash generated from operations	(9.58)	11.65
Income taxes paid (net of refunds received)	(2.33)	(0.03)
Net cash inflow from operating activities	(11.91)	11.62
Investment in equity shares	-	(0.69)
Investment - Deposit with Maturity more than 12 months	(0.04)	-
Gain / (Loss) on sale of investment	-	0.05
Payments for property, plant and equipment	(2.29)	(2.19)
Proceeds from sale of property, plant and equipment	14.15	0.60
Interest received	0.01	0.01
Net cash outflow from investing activities	11.83	(2.21)
Proceeds from borrowings	2.06	(6.95)
Interest paid	(2.13)	(3.24)
Net cash inflow (outflow) from financing activities	(0.07)	(10.19)
Net increase (decrease) in cash and cash equivalents	(0.15)	(0.79)
Cash and cash equivalents at the beginning of the financial year	0.59	1.38
Cash and cash equivalents at the end of the year	0.44	0.59

Summary of the Cash Flow Statement for the years 2026 and 2025:

Operating Cash Flow

The company reported net cash used in operating activities of ₹11.91 crore in FY 2025-26, compared with net cash generated of ₹11.62 crore in FY 2024-25. The decline was primarily due to higher working capital requirements during the year, particularly increased investment in inventories and higher trade receivables. While these factors reduced operating cash flow in the short term, they indicate that more cash was tied up in day-to-day business operations, impacting liquidity despite ongoing business activity.

 

Investing Cash Flow

The company generated a net cash inflow of ₹11.83 crore from investing activities in FY 2025-26, compared with a net cash outflow of ₹2.21 crore in FY 2024-25. The improvement was mainly driven by ₹14.15 crore of proceeds received from the sale of property, plant and equipment. This one-time inflow more than offset investment-related cash outflows during the year, resulting in positive cash generation from investing activities.

 

Financing Cash Flow

Net cash used in financing activities declined significantly to ₹0.07 crore in FY 2025-26 from ₹10.19 crore in FY 2024-25. The lower cash outflow was primarily due to reduced net repayment of borrowings during the year. This indicates that the company required less cash for financing obligations compared with the previous year, helping preserve liquidity and improve overall cash flow despite weaker operating cash generation.

 

Overall cash position :

Cash and cash equivalents decreased by Rs. (0.15) crores during FY 2025-26 (previous year: decrease of Rs. (0.79) crores), moving from Rs. 0.59 crores at the beginning of the year to Rs. 0.44 crores at the end of the year (previous year end: Rs. 0.59 crores). The decline was primarily on account of net cash used in operating activities, partly offset by cash inflows from investing activities.

Financial ratios of Anand I-Power Limited 

Particulars	31-03-2026	31-03-2025
Current Ratio	0.74	0.60
Debt-Equity Ratio	0.55	1.00
Debt Service Coverage Ratio	4.01	0.73
Return on Equity Ratio	47.7%	-14.2%
Inventory turnover ratio	5.86	6.38
Trade Receivables turnover ratio	5.71	4.89
Trade payables turnover ratio	3.74	3.33
Net capital turnover ratio	103.75	56.74
Net profit ratio	9.23%	-1.55%
Return on Capital employed	35.81%	3.71%
Return on investment	47.70%	-14.2%

Summary of Financial Ratios:

Current Ratio:
The Current Ratio improved from 0.60 in FY 2024-25 to 0.74 in FY 2025-26, indicating an improvement in the Company 's short-term liquidity position. Although the ratio remains below the ideal benchmark of 1.0, the increase reflects better management of current assets and current liabilities, enhancing the Company 's ability to meet its short-term obligations.

 

Debt-Equity Ratio:
The Debt-Equity Ratio declined significantly from 1.00 to 0.55, reflecting a substantial reduction in the Company 's reliance on borrowed funds. This improvement indicates a stronger capital structure, lower financial risk, and an increased proportion of equity financing compared to debt.

 

Debt Service Coverage Ratio:
The DSCR improved sharply from 0.73 to 4.01, demonstrating a significant enhancement in the Company 's ability to service its debt obligations from operating profits. The higher ratio indicates improved cash generation and a comfortable debt repayment capacity during the year.

 

Return on Equity:
Return on Equity increased from a negative 14.2% in FY 2024-25 to a positive 47.7% in FY 2025-26. This substantial improvement reflects a turnaround in profitability and indicates that the Company generated strong returns for its shareholders during the year.

 

Inventory Turnover Ratio:
The Inventory Turnover Ratio decreased marginally from 6.38 to 5.86 times. While this indicates slightly slower inventory movement compared to the previous year, the ratio continues to reflect efficient inventory management and an effective sales cycle.

 

Trade Receivables Turnover Ratio:
The Trade Receivables Turnover Ratio improved from 4.89 to 5.71 times, indicating faster collection of receivables and improved credit management. The increase suggests enhanced efficiency in converting credit sales into cash, thereby strengthening the Company 's working capital position.

 

Trade Payables Turnover Ratio:
The Trade Payables Turnover Ratio increased from 3.33 to 3.74 times, indicating that the Company settled its supplier obligations more promptly during the year. This reflects improved payment discipline and stronger relationships with creditors.

 

Net Capital Turnover Ratio:
The Net Capital Turnover Ratio increased significantly from 56.74 to 103.75 times, demonstrating substantially improved utilization of working capital in generating revenue. The higher ratio indicates greater operational efficiency and more effective use of net working capital.

 

Net Profit Ratio:
The Net Profit Ratio improved considerably from a negative 1.55% to a positive 9.23%, reflecting a significant turnaround in profitability. This improvement indicates better cost control, higher operational efficiency, and enhanced earnings from business operations.

 

Return on Capital Employed:
The ROCE increased from 3.71% to 35.81%, signifying a marked improvement in the Company 's efficiency in generating profits from the capital employed. The higher return reflects better utilization of both equity and debt capital to create value.

 

Return on Investment:
The Return on Investment improved substantially from -14.2% to 47.70%, indicating a significant enhancement in the Company 's overall investment performance. The positive return reflects improved profitability and efficient utilization of invested funds, resulting in greater value creation for stakeholders.