| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Axles India Limited |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Non-current assets |
|
|
|
Property, plant and equipment |
57.84 |
62.50 |
|
Capital work-in-progress |
39.96 |
7.59 |
|
Intangible assets |
0.38 |
0.31 |
|
Investments |
2.01 |
2.01 |
|
Other Financial Assets (net) |
3.87 |
3.52 |
|
Current tax assets |
- |
1.86 |
|
Deferred tax assets (net) |
0.92 |
0.30 |
|
Other non-current assets |
2.08 |
10.08 |
|
Current assets |
|
|
|
Inventories |
190.70 |
202.58 |
|
Trade Receivables |
29.49 |
10.28 |
|
Cash and Cash equivalents |
0.28 |
0.22 |
|
Bank Balances other than above |
0.63 |
0.54 |
|
Other Current Assets |
12.06 |
7.04 |
|
Total Assets |
518.76 |
518.66 |
|
Equity |
|
|
|
Equity
Share capital |
25.49 |
25.49 |
|
Reserve and Surplus |
282.12 |
249.53 |
|
Non-Current liabilities |
|
|
|
Borrowings |
8.59 |
8.79 |
|
Employee benefit expense |
0.35 |
0.27 |
|
Other non-current liabilities |
10.88 |
8.62 |
|
Current liabilities |
|
|
|
Borrowings |
41.59 |
73.67 |
|
Trade Payables: |
|
|
|
Total outstanding dues to Micro and
Small Enterprises |
7.42 |
6.46 |
|
Total outstanding dues of creditors other than Micro and Small Enterprises |
110.48 |
115.46 |
|
Other Financial Liabilities |
8.41 |
7.53 |
|
Provisions |
10.45 |
11.37 |
|
Employee Benefit obligations |
5.69 |
4.86 |
|
Current tax liabilities (net) |
0.78 |
- |
|
Other Current liabilities |
6.51 |
6.61 |
|
Total Equity and Liabilities |
518.76 |
518.66 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Revenue from Operation |
841.54 |
853.88 |
|
Other Income |
2.11 |
0.38 |
|
Other gains/(losses) |
3.13 |
0.84 |
|
Total
Income |
846.78 |
855.10 |
|
Expenses |
|
|
|
Cost of Materials Consumed |
479.43 |
575.95 |
|
Changes in Inventories of Finished Goods
and Work in Progress |
25.44 |
(87.10) |
|
Employee Benefit Expense |
88.40 |
86.73 |
|
Depreciation and Amortisation Expense |
11.54 |
13.40 |
|
Other Expenses |
147.95 |
149.29 |
|
Finance Cost |
0.87 |
1.34 |
|
Total
Expense |
753.63 |
739.61 |
|
Profit/Loss
before tax |
93.15 |
115.49 |
|
Current tax |
25.07 |
30.33 |
|
Deferred tax |
(0.62) |
(1.11) |
|
Profit/(loss)
after tax |
68.70 |
86.27 |
|
Other
Comprehensive Income |
|
|
|
Items that may be reclassified to profit
or loss: |
|
|
|
Net gain/(loss) on cash flow hedges |
- |
1.22 |
|
Income tax relating to above item |
- |
(0.31) |
|
Items that will not be reclassified to
profit or loss: |
|
|
|
Remeasurement of post-employment benefit
obligations |
(0.59) |
(0.45) |
|
Income tax relating to above item |
0.15 |
0.11 |
|
Total
Comprehensive Income for the year |
68.26 |
86.84 |
|
Earnings per equity share: |
|
|
|
Basic & Diluted Earnings per Equity
Share of Rs. 10 each |
26.96 |
33.85 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Cash Flow from Operating Activities |
|
|
|
Profit
before income Tax |
93.15 |
115.49 |
|
Adjustments for: |
|
|
|
Interest and other finance cost |
0.87 |
1.34 |
|
Net exchange differences |
0.36 |
(0.24) |
|
Depreciation and amortisation
expenses |
11.54 |
13.40 |
|
Interest income |
(2.11) |
(0.38) |
|
Operating Profit before Working
Capital Charges |
103.81 |
129.61 |
|
Adjustments for |
|
|
|
Increase / (decrease) in Trade Receivables |
11.53 |
12.71 |
|
Increase / (decrease) in current and
non-current loans |
(0.09) |
(0.03) |
|
Increase / (decrease) in other financial
assets |
(0.35) |
(1.03) |
|
Increase / (decrease) in current and non-current
assets |
(5.03) |
(4.59) |
|
Increase / (decrease) in Inventories |
31.29 |
(86.47) |
|
Increase / (decrease) in Trade Payables |
(3.98) |
10.13 |
|
Increase / (decrease) in other financial
liabilities |
1.64 |
0.54 |
|
Increase / (decrease) in provisions |
(0.92) |
1.99 |
|
Increase / (decrease) in employee benefit
obligation |
0.32 |
0.52 |
|
Increase / (decrease) in other liabilities |
2.10 |
(1.40) |
|
Cash Generated from Operations |
140.32 |
61.98 |
|
Income tax
paid |
(22.28) |
(30.20) |
|
Net Cash Generated from Operating
Activates |
118.04 |
31.78 |
|
Cash Flow from Investing Activities |
|
|
|
Payment for property, plant and equipment | (31.95) |
(30.46) |
|
Interest received |
2.11 |
0.38 |
|
Payment for acquisition of investment |
- |
(1.51) |
|
Net Cash Used in Investing Activities |
(29.84) |
(31.59) |
|
Cash
flow from financing activities |
|
|
|
Proceeds/(Repayment) of short-term
borrowings (net) |
(37.83) |
16.46 |
|
Proceeds from long-term borrowings |
7.70 |
12.21 |
|
Repayment of long-term borrowings |
(2.17) |
- |
|
Principal repayments related to lease
liabilities |
- |
(0.05) |
|
Interest paid |
(1.01) |
(1.30) |
|
Dividend paid to Company’s shareholders |
(35.68) |
(22.94) |
|
Net cash flow generated/ (used in) from financing activities |
(68.99) |
4.38 |
|
Net Increase /(Decrease) In Cash and Cash Equivalents |
19.21 |
4.57 |
|
Cash & Cash Equivalents at the
Beginning of the Year |
10.28 |
5.71 |
|
Cash & Cash Equivalents at the
End of the Year |
29.49 |
10.28 |
Here is a summary of the Cash Flow Statement for the years 2025 and 2024:
Cash Flow from Operating Activities
For the
year ending 31st March 2025, the
company generated a positive cash flow
of ₹118.04 crores from operating activities, which is a strong
improvement compared to ₹31.78 crores in FY 2024. Although the profit before tax slightly declined to ₹93.15
crores from ₹115.49 crores, the company managed to improve cash flow by
significantly reducing its inventory
levels (₹31.29 crores inflow) and managing working capital efficiently. Other
contributors were depreciation (₹11.54
crores) and foreign exchange
gains. Less tax was paid this year (₹22.28 crores vs. ₹30.20 crores),
further boosting the operational cash position.
Cash Flow from Investing Activities
In FY
2025, the company used ₹29.84 crores
in investing activities, almost equal to the previous year’s outflow of ₹31.59
crores. This cash was primarily spent on property, plant, and equipment (₹31.95 crores). The company also
earned ₹2.11 crores as interest income,
but there were no major investments or divestments during the year.
Cash Flow from Financing Activities
The
company recorded a net cash outflow of
₹68.99 crores from financing activities in FY 2025, a reversal from the ₹4.38 crores inflow in FY 2024. The
main outflows included repayment of
short-term borrowings (₹37.83 crores), dividend payments (₹35.68 crores), and interest payments (₹1.01 crores). These were only partially offset
by new long-term borrowings (₹7.70
crores).
Net Change in Cash and Cash Equivalents
Despite
the investing and financing outflows, the company saw a net increase in cash of ₹19.21 crores during FY 2025, thanks to
strong operating performance. The closing
cash balance rose to ₹29.49 crores, up from ₹10.28 crores at the start
of the year, indicating a healthy improvement in liquidity.
|
2024 |
2023 |
|
|
Current Ratio |
2.15 |
1.91 |
|
Debt-Equity Ratio |
0.16 |
0.30 |
|
Debt Service
Coverage Ratio |
1.58 |
1.21 |
|
Return on Equity |
24% |
35% |
|
Inventory Turnover
Ratio |
4.71 |
4.07 |
|
Trade Receivables
Turnover Ratio |
4.41 |
4.22 |
|
Trade Payables
Turnover Ratio |
4.00 |
4.70 |
|
Net Capital
Turnover Ratio |
3.82 |
4.17 |
|
Net Profit Ratio |
8% |
10% |
|
Return on Capital
Employed |
26% |
33% |
|
Return on
Investment |
18% |
23% |
Here is a summary of the Financial Ratios for the years 2025 and 2024:
Current Ratio
The
current ratio has increased from 1.91
in 2024 to 2.15 in 2025. This shows that the company has more current
assets (like cash, inventory, and receivables) to cover its current
liabilities. A higher ratio is a positive sign as it means the company is more
capable of meeting its short-term financial obligations.
Debt-Equity Ratio
The
debt-equity ratio has reduced from 0.30
to 0.16. This means the company is now relying less on borrowed funds
and more on shareholders’ equity to finance its operations. A lower ratio
indicates lower financial risk and greater financial stability.
Debt Service Coverage Ratio (DSCR)
This
ratio has improved from 1.21 to 1.58,
which means the company is generating more earnings before interest and tax
relative to its debt repayments. A higher DSCR suggests that the company is in
a better position to repay its debts and interest from its operating income.
Return on Equity (ROE)
The ROE
has declined from 35% in 2024 to 24% in
2025. This indicates that the return earned on the shareholders’
investment has decreased. Although it is still a healthy figure, the drop shows
reduced efficiency in generating profit from equity.
Inventory Turnover Ratio
The ratio
has increased from 4.07 to 4.71,
showing that the company is selling and restocking its inventory more
frequently. This is a good sign as it reflects efficient inventory management
and strong sales performance.
Trade Receivables Turnover Ratio
This has
slightly improved from 4.22 to 4.41,
indicating that the company is collecting payments from its customers a bit
faster than before. Faster collection improves cash flow and reduces credit
risk.
Trade Payables Turnover Ratio
This
ratio has decreased from 4.70 to 4.00,
which means the company is taking more time to pay its suppliers. While this
may help with cash flow, it could affect supplier relationships if stretched
too far.
Net Capital Turnover Ratio
The ratio
has fallen from 4.17 to 3.82,
suggesting that the company is generating slightly less revenue for each unit
of capital employed in its operations. This shows a minor decline in the
efficient use of working capital.
Net Profit Ratio
The net
profit ratio has reduced from 10% to 8%,
meaning the company is earning a slightly lower percentage of profit on its
sales. This could be due to increased costs or reduced pricing power.
Return on Capital Employed (ROCE)
ROCE has
gone down from 33% to 26%, which
suggests that the company is now earning less profit from the capital it uses
in the business. This points to a decrease in operational efficiency.
Return on Investment (ROI)
The ROI has decreased from 23% to 18%, showing that the company’s returns on its investments have gone down. This could signal lower gains from expansion, projects, or other investment activities.
