Balanoor Plantations Annual Reports, Balance Sheet and Financials

Balanoor Plantations and Industries Limited Consolidated Balance Sheet (Rs in Thousands)

Particulars	31-03-2025	31-03-2024
Equity
Share Capital	6,168	6,168
Reserves and Surplus	109,378	88,928
Minority Interest	2	2
Non-Current Liabilities
Other Long Term Liabilities	68,014	61,052
Current Liabilities
Short-Term Borrowings	1,855	32,041
Total outstanding dues of creditors other than micro & small enterprises	3,459	2,286
Other Current Liabilities	17,136	12,608
Short-Term Provisions	4,138	4,208
Total equities and liabilities	210,150	207,293
Non-Current Assets
Property, Plant & Equipment & Intangible Assets	40,449	41,730
Non-Current Investments	11,507	21,631
Other Non-Current Assets	22,509	23,195
Current Assets
Inventories	82,305	71,592
Trade Receivables	2,140	653
Cash and Cash Equivalents	41,008	38,604
Short-Term Loans and Advances	10,232	9,888
Total assets	210,150	207,293

Balanoor Plantations and Industries Limited Consolidated Profit & Loss Statement (Rs in Thousands)

Particulars	31-03-2025	31-03-2024
Revenue from Operations	197,709	121,335
Other Income	6,014	3,148
Total Income	203,723	124,483
Expenses
Cost of Materials Consumed	29,672	26,239
Purchases	14,801	5,899
Changes in Inventories of Finished Goods, WIP & Stock-in-Trade	-8,355	-13,103
Employee Benefits Expense	112,847	105,248
Finance Costs	1,041	2,018
Depreciation and Amortization Expense	3,995	4,499
Other Expenses	18,810	14,795
Total Expenses	172,811	145,595
Profit Before Tax	30,912	-21,112
Current Tax	659	556
Previous Year Tax	6	28
Profit/(Loss) for the Period	30,247	-21,696
Earnings per share
Basic & Diluted	49.05	-35.18

Balanoor Plantations and Industries Limited Consolidated Cash Flow Statement (Rs in Thousands)

Particulars	31-03-2025	31-03-2024
Cash Flow From Operating Activities
Net Profit/(Loss) before Tax	30,247	-21,112
Adjustments for:
Depreciation	3,995	4,499
Provision for Tax	665	-
Interest paid	1,040	2,018
Operating Profit before Working Capital changes	35,947	-14,595
Adjustments for:
Inventories	-10,713	-11,417
Trade Receivables	-1,487	202
Long Term Loans & Advances	-	14,274
Short Term Loans & Advances	-344	171
Other Long Term Liabilities	6,962	-207
Other Non-current Assets	686	143
Trade Payables	1,173	744
Other Current Liabilities	4,528	945
Short Term Provisions	-70	-79
Other Current Assets	-	517
Cash Generated from Operations	36,682	-9,302
Tax Paid / Provision for Tax	665	584
Net Cash from Operating Activities	36,017	-9,886
Cash Flow From Investing Activities
Purchase of Fixed Assets incl. Capital WIP	-2,712	-1,510
Increase/(Decrease) in Non-current Investments	327	-
Net Cash from/(Used in) Investing Activities	-2,385	-1,510
Cash Flow From Financing Activities
Increase/(Decrease) in Short Term Borrowings	-30,187	15,317
Interest Paid	-1,041	-2,018
Net Cash from/(Used in) Financing Activities	-31,228	13,299
Net Increase in Cash & Cash Equivalents	2,404	1,903
Cash & Cash Equivalents (Opening Balance)	38,604	36,701
Cash & Cash Equivalents (Closing Balance)	41,008	38,604

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

Cash Flow from Operating Activities

The company reported a strong turnaround in operating performance, with net profit before tax rising to ₹30,247 thousand in 2025 from a loss of ₹21,112 thousand in 2024. After adjusting for depreciation, interest, and tax provisions, operating profit before working capital changes stood at ₹35,947 thousand, compared to a negative figure in the previous year.

Working capital adjustments show mixed trends: inventory increased (cash outflow), and trade receivables slightly rose (outflow), indicating more funds tied up in operations. However, increases in liabilities such as other current liabilities and trade payables provided cash inflows. Overall, cash generated from operations improved significantly to ₹36,682 thousand, leading to a net operating cash inflow of ₹36,017 thousand, compared to a negative cash flow in 2024. This reflects strong operational recovery and improved core business performance.

 

Cash Flow from Investing Activities

Investing activities resulted in a net cash outflow of ₹2,385 thousand in 2025, slightly higher than ₹1,510 thousand in 2024. The outflow was mainly due to the purchase of fixed assets, indicating ongoing capital expenditure and investment in long-term assets. There was a small inflow from non-current investments, but overall, the company continues to invest moderately in growth and asset expansion.

 

Cash Flow from Financing Activities

Financing activities show a significant shift, with a net cash outflow of ₹31,228 thousand in 2025 compared to an inflow of ₹13,299 thousand in 2024. This was primarily due to a substantial repayment of short-term borrowings (₹30,187 thousand), indicating reduced reliance on external debt. Interest payments also continued, though slightly lower than the previous year. This suggests that the company is deleveraging and strengthening its financial structure.

 

Net Increase in Cash & Cash Equivalents

Despite large financing outflows, the strong operating cash inflow helped the company achieve a net increase in cash of ₹2,404 thousand, slightly higher than the increase in 2024. This demonstrates the company’s ability to generate sufficient internal cash to fund investments and debt repayments.

Financial ratios of Balanoor Plantations and Industries Limited

Particulars	31-03-2025	31-03-2024
Current Ratio	5.10	2.36
Return on Equity Ratio	0.26	-0.25
Inventory Turnover Ratio	2.25	2.21
Trade Receivables Turnover Ratio	141.58	160.96
Trade Payables Turnover Ratio	5.15	3.08
Net Capital Turnover Ratio	3.62	1.69
Net Profit Ratio	0.15	-0.18
Return on Capital Employed	0.25	-0.22
Return on Investment	0.25	0.07

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

Current Ratio

The current ratio increased significantly from 2.36 in 2024 to 5.10 in 2025, indicating a much stronger liquidity position. This means the company now has more than enough current assets to cover its short-term liabilities. While this reflects improved financial stability, such a high ratio may also suggest that excess funds are tied up in current assets instead of being efficiently utilized.

 

Return on Equity

ROE improved from -0.25 in 2024 to 0.26 in 2025, marking a shift from losses to profitability for shareholders. This positive turnaround indicates that the company is now generating returns on shareholders’ investments, reflecting improved operational performance and better management efficiency.

 

Inventory Turnover Ratio

The inventory turnover ratio showed a slight increase from 2.21 to 2.25, suggesting marginal improvement in inventory management. The company is selling and replenishing its inventory slightly faster than before, though the change is minimal, indicating stable but not significantly improved efficiency.

 

Trade Receivables Turnover Ratio

This ratio decreased from 160.96 in 2024 to 141.58 in 2025, indicating a slight slowdown in collecting receivables. While the ratio is still very high (which is positive), the decline suggests that the company is taking relatively longer to collect payments from customers compared to the previous year.

 

Trade Payables Turnover Ratio

The trade payables turnover ratio increased from 3.08 to 5.15, meaning the company is paying its suppliers more quickly than before. This reflects improved payment capacity and stronger liquidity, although very fast payments may reduce the benefit of credit periods offered by suppliers.

 

Net Capital Turnover Ratio

The ratio improved significantly from 1.69 to 3.62, indicating better utilization of working capital to generate revenue. This shows that the company is now using its capital more efficiently to drive sales, reflecting improved operational effectiveness.

 

Net Profit Ratio

The net profit ratio improved from -0.18 in 2024 to 0.15 in 2025, demonstrating a transition from net losses to profitability. This indicates better cost control, higher revenue generation, or improved pricing strategies, contributing to overall financial health.

 

Return on Capital Employed

ROCE rose from -0.22 to 0.25, showing a significant improvement in the company’s ability to generate profits from its capital base. The shift from negative to positive highlights improved efficiency in utilizing long-term funds.

 

Return on Investment

ROI increased from 0.07 in 2024 to 0.25 in 2025, indicating that the company is earning higher returns on its investments. This reflects better investment decisions and improved overall financial performance.