Bhagheeratha Engineering Ltd (Bhagheeratha Eng) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Bhagheeratha Engineering Ltd

Bhagheeratha Engineering Limited Standalone Balance Sheet (Rs. In Thousands)

Particular	31-03-2025	31-03-2024
Shareholders fund
Share capital	78,343	78,343
Reserve and surplus	(1,92,714)	(2,35,349)
Non- Current liabilities
Long term borrowings	733	783
Deferred tax liabilities (net)	1,209	1,365
Long term provisions	1,462	1,365
Current liabilities
Trade payables	1,02,148	1,51,149
Other current liabilities	8,32,150	8,33,185
Short term provisions	18,203	3,397
Total Equity and Liability	8,41,534	8,34,238
Non-current assets
Property, plant and equipment	96,945	98,709
Non-current investments	1,514	1,514
Long term loans and advances	79,356	83,794
Other non-currents assets	22,407	22,407
Current assets
Inventories	1,15,542	1,15,542
Trade receivables	2,663	2,663
Cash and cash equivalents	4,74,581	4,78,484
Short term loans and advances	22,621	8,185
Other current assets	25,905	22,940
Total Assets	8,41,534	8,34,238

Bhagheeratha Engineering Limited Standalone Profit & Loss (Rs. In Thousands)

Particulars	31-03-2025	31-03-2024
Other Income	48,157	37,521
Total revenue	48,157	37,521
Expenses
Work expenses	11,992	10,027
Employees benefits expenses	5,270	5,492
Finance cost	1	3
Depreciation and amortization expense	1,881	2,151
Other expenses	49,109	17,290
Share of net loss of joint ventures	(2)	1
Total expenses	68,246	34,964
Profit/(loss) before exceptional and extraordinary items and tax	(20,089)	2,557
Exceptional income / (expense)-net	80,771	5,277
Profit/(Loss) before tax	60,682	7,834
Current year tax	16,045	1,955
MAT credit entitlement	2,158	1,442
Deferred tax	156	156
Profit/(Loss) for the year	42,635	4,593
Earnings per equity share
Basic	5.45	0.59

Bhagheeratha Engineering Limited Standalone Cash Flow Statement (Rs. In Thousand)

Particular	31-03-2025	31-03-2024
Cash Flow From Operating Activities
Profit Before Tax	60,682	7,834
Adjustments for:
Depreciation	1,881	2,151
Compensation expense	-	10,550
Audit fee	354	354
Debtors written off	200	-
Share of profit/Loss of JV	(2)	1
Interest on deposits	(41,267)	(31,298)
Compensation (no cash)	-	(63)
Miscellaneous income	(39)	(382)
Creditors/Payables written back	(3,546)	(5,277)
Operating Profit before Working Capital Changes	18,263	(16,130)
Adjustments for:
Increase/Decrease in trade & Other receivables	(13,122)	3,577
Decrease in trade payables	(45,455)	(1,332)
Decrease in other current liabilities and provisions	13,514	(11,145)
Cash generated from operations	(26,800)	(25,030)
Provision for tax	(18,203)	(3,397)
Net Cash flow from Operating Activities	(45,003)	(28,427)
Cash Flow From Investing Activities
Purchase of fixed assets	(117)	(633)
Interest on deposits	41,267	31,298
Net Cash From Investing Activities	41,150	30,665
Cash Flow From Financing Activities
Proceed from long term borrowings	(50)	(1,471)
Net Cash From Financing Activities	(50)	(1,471)
(Decrease)/Increase in Cash and Cash Equivalents	(3,903)	767
Opening balance of cash and cash equivalents	4,78,484	4,77,717
Closing balance of cash and cash equivalents	4,74,581	4,78,484

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

Operating Activities

In FY 2025, profit before tax rose sharply to ₹60,682 thousand from ₹7,834 thousand in FY 2024. However, after adjustments and heavy working capital outflows — mainly due to higher receivables (₹13,122 thousand) and a large fall in payables (₹45,455 thousand) — operating cash flow remained negative. After taxes of ₹18,203 thousand, the company posted a net operating outflow of ₹45,003 thousand, compared to ₹28,427 thousand last year.

Investing Activities

Investing activities turned out to be a major source of cash. The company spent only ₹117 thousand on fixed assets in FY 2025 versus ₹633 thousand in FY 2024, reflecting controlled capital expenditure. The bulk of inflows came from interest earned on deposits of ₹41,267 thousand (up from ₹31,298 thousand last year). Together, this led to a net investing inflow of ₹41,150 thousand, which is higher than the ₹30,665 thousand inflow in FY 2024. This shows the company is relying heavily on deposit interest income to support liquidity.

Financing Activities

Financing cash flows were minimal, with an outflow of ₹50 thousand in FY 2025 compared to ₹1,471 thousand in FY 2024. The small outflow reflects minor repayment of borrowings, while there were no major new borrowings raised during the year. In the previous year, the larger outflow was also due to repayments of long-term borrowings. This suggests that the company maintained a stable capital structure without increasing its debt.

Net Cash Position

Overall, the company recorded a net decrease of ₹3,903 thousand in cash, compared to an increase of ₹767 thousand in FY 2024. Despite the negative operating cash flow, strong investing inflows helped limit the overall reduction. The closing cash balance stood at ₹474,581 thousand, only slightly lower than last year’s ₹478,484 thousand, indicating that liquidity remains healthy.

Bhagheeratha Engineering Limited Financial Ratios

Particular	31-03-2025	31-03-2024
Current Ratio (in times)	0.67	0.64
Debt Equity Ratio (in times)	(0.01)	(0.005)
Return on Equity Ratio (in %)	(37.28)%	(2.93)%
Return on Capital Employed Ratio (in %)	(54.68)%	(5.10)%

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

Current Ratio

The current ratio is below 1 in both years, meaning the company’s current liabilities are greater than its current assets. Although it improved slightly from 0.64 to 0.67, liquidity remains very weak, indicating difficulty in covering short-term obligations without external support.

Debt-Equity Ratio

The negative debt-equity ratio shows that the company has negative net worth (liabilities are higher than shareholders’ equity). Even though it’s a very small negative value, this reflects financial stress and a weak capital structure.

Return on Equity

ROE turned sharply negative at -37.28% compared to -2.93% last year. This means shareholders are incurring heavy losses on their investment, and the company is not generating value for equity holders. The steep fall highlights poor profitability and worsening performance.

Return on Capital Employed

ROCE also fell significantly to -54.68% from -5.10% in FY 2024. This suggests the company is unable to utilize its capital effectively and is generating operating losses rather than returns.

Bhagheeratha Engineering Annual Reports, Balance Sheet and Financials