| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Bharat Hotels Limited |
|
Particular |
31-03-2025 |
31-03-2024 |
|
Non- Current assets |
|
|
|
Property, Plant and Equipment |
156,002.78 |
159,209.27 |
|
Capital work-in-progress |
28,799.91 |
29,095.97 |
|
Right-of-use assets |
14,037.85 |
14,487.93 |
|
Goodwill |
8,425.48 |
8,425.48 |
|
Intangible assets |
93.87 |
77.29 |
|
Investments |
3.60 |
3.60 |
|
Other financial assets |
3,429.73 |
3,238.71 |
|
Deferred tax assets (net) |
- |
1,540.47 |
|
Income tax assets (net) |
1,188.43 |
1,312.23 |
|
Other non-current assets |
1,252.22 |
1,550.36 |
|
Current assets |
||
|
Inventories |
1,598.24 |
1,734.87 |
|
Trade receivables |
2,035.32 |
2,562.55 |
|
Cash and cash equivalents |
2,702.62 |
4,022.92 |
|
Bank balances other than above |
2,820.51 |
3,509.03 |
|
Other financial assets |
398.00 |
542.72 |
|
Other current assets |
2,052.48 |
2,396.18 |
|
Total Assets |
224,841.04 |
233,709.58 |
|
Equity |
||
|
Equity Share Capital |
7,599.12 |
7,599.12 |
|
Other Equity |
96,436.55 |
87,677.89 |
|
Non-controlling interest |
(9,609.53) |
(9,198.01) |
|
Non-current liabilities |
||
|
Borrowings |
88,713.09 |
101,975.66 |
|
Lease liabilities |
8,090.06 |
8,314.65 |
|
Other financial liabilities |
4,538.69 |
5,673.16 |
|
Provisions |
1,096.08 |
893.68 |
|
Deferred tax liabilities (net) |
2,067.80 |
- |
|
Other non-current liabilities |
2,829.62 |
2,891.13 |
|
Current liabilities |
||
|
Borrowings |
3,476.47 |
8,753.54 |
|
Lease liabilities |
277.78 |
283.95 |
|
Trade Payables: |
|
|
|
Total outstanding dues of micro
enterprises and small enterprises |
1,914.00 |
971.60 |
|
Total outstanding dues other than
above |
8,903.04 |
8,677.31 |
|
Other financial liabilities |
2,974.57 |
2,724.75 |
|
Other current liabilities |
4,626.00 |
5,723.27 |
|
Provision |
907.70 |
747.88 |
|
Total equity and liabilities |
224,841.04 |
233,709.58 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Revenue from operations |
90,129.17 |
86,233.97 |
|
Other Income |
1,090.92 |
838.48 |
|
Total income |
91,220.09 |
87,072.45 |
|
Expenses |
|
|
|
Food and beverages consumed |
8,736.36 |
8,318.62 |
|
Purchases
of traded goods |
33.74 |
41.75 |
|
Changes in inventories of traded
goods |
(6.13) |
(15.53) |
|
Employee benefits expense |
12,930.84 |
11,160.26 |
|
Other expenses
|
30,495.80 |
30,391.96 |
|
Total expenses |
52,190.61 |
49,897.06 |
|
Earnings before interest, tax,
depreciation and amortization, exceptional items |
39,029.48 |
37,175.39 |
|
Finance income |
539.43 |
848.90 |
|
Finance costs |
18,826.28 |
20,228.96 |
|
Depreciation and amortization expense |
5,472.05 |
5,933.24 |
|
Profit before exceptional items and
tax |
15,270.58 |
11,862.09 |
|
Exceptional items |
(34.13) |
2,254.43 |
|
Profit Before Tax |
15,236.45 |
14,116.52 |
|
Current tax |
3,002.64 |
2,732.91 |
|
Deferred tax |
3,704.81 |
2,903.41 |
|
Profit for the year |
8,529.00 |
8,480.20 |
|
Other Comprehensive Income |
|
|
|
Items that will not be reclassified
subsequently to profit or loss: |
|
|
|
Re-measurements of net defined
benefit obligations |
(278.40) |
(37.76) |
|
Income tax relating to items
mentioned above |
96.54 |
14.04 |
|
Total Comprehensive Income for the
year |
8,347.14 |
8,456.48 |
|
Earnings per equity share (in Rs.) |
|
|
|
Basic |
11.77 |
12.04 |
|
Diluted |
11.76 |
12.03 |
|
Particular |
31-03-2025 |
31-03-2024 |
|
Cash Flow from Operating Activities |
|
|
|
Profit before tax |
15,236.45 |
14,116.52 |
|
Adjustments for: |
|
|
|
Depreciation and amortization expense |
5,472.05 |
5,933.24 |
|
Finance costs |
18,100.19 |
19,564.74 |
|
Interest income |
(441.93) |
(575.02) |
|
Balances written off |
73.02 |
25.40 |
|
Loss on disposal/discard of property,
plant and equipment |
37.06 |
42.93 |
|
Unwinding of interest on security
deposits |
(97.50) |
(86.57) |
|
Gain on termination of lease
liability |
- |
(87.39) |
|
Gain on modification of financial
liabilities |
- |
(99.92) |
|
Amortization of deferred lease
rentals |
(48.51) |
(66.67) |
|
Provision no longer required written
back |
(666.15) |
(420.84) |
|
Exceptional items |
34.13 |
34.13 |
|
Provision for doubtful advances |
13.13 |
- |
|
Allowance for expected credit loss |
40.21 |
- |
|
Net gain recognized on transfer of
assets held for sale |
- |
(1,946.13) |
|
Operating Profit before Working
Capital Changes |
||
|
Adjustments for: |
|
|
|
inventories |
136.63 |
90.29 |
|
trade receivables |
400.87 |
1,370.76 |
|
financial and other assets |
(209.65) |
(436.70) |
|
provisions and other liabilities |
242.17 |
1,389.22 |
|
trade payables |
1,800.15 |
1,468.74 |
|
Cash flow generated from operations |
40,122.32 |
40,316.73 |
|
Income taxes paid (net of refund) |
(2,867.36) |
(2,846.33) |
|
Net Cash generating from Operating
Activities |
37,254.96 |
37,470.40 |
|
Cash Flow from Investing Activities |
|
|
|
Payments for acquisition of property,
plant and equipment, capital work-in-progress and intangible assets |
(1,921.96) |
(2,586.53) |
|
Proceeds from sale of property, plant
and equipment |
15.78 |
4,716.12 |
|
Payment to acquire non-current
investments |
- |
(0.78) |
|
Movement of bank deposits (net) |
744.23 |
1,074.85 |
|
Interest received |
397.47 |
512.76 |
|
Net cash (used in)/generated from
investing activities |
(764.48) |
3,716.42 |
|
Cash Flow from Financing Activities |
|
|
|
Proceeds from long-term borrowings |
7,046.87 |
- |
|
Repayment of long-term borrowings |
(10,030.27) |
(2,783.89) |
|
Repayment of non-convertible debentures |
(16,000.10) |
(21,741.46) |
|
Repayment of financial liability |
(4,094.45) |
- |
|
Payment of principal portion of lease liabilities |
(230.76) |
(206.54) |
|
Payment of interest portion of lease liabilities |
(988.23) |
(1,014.10) |
|
Finance costs paid |
(13,509.44) |
(16,416.98) |
|
Dividend paid |
(4.40) |
(3.52) |
|
Net cash used in financing activities |
(37,810.78) |
(42,166.49) |
|
Net Decrease in Cash and Cash
Equivalents |
(1,320.30) |
(979.67) |
|
Opening balance of cash and cash
equivalents |
4,022.92 |
5,002.59 |
|
Closing balance of cash and cash equivalents |
2,702.62 |
4,022.92 |
Here is a summary of
the Cash Flow Statement for the years 2025 and 2024
Cash Flow from Operating Activities
The company generated a
strong operating cash flow of ₹37,254.96
lakhs in FY 2025, almost the same as the ₹37,470.40 lakhs in FY 2024. This was driven by profit before tax
of ₹15,236.45 lakhs and significant
non-cash adjustments such as depreciation of ₹5,472.05 lakhs and finance costs of ₹18,100.19 lakhs. Working capital changes also contributed
positively, particularly from trade payables (₹1,800.15 lakhs) and receivables (₹400.87 lakhs). After paying income tax of about ₹2,867.36 lakhs, the operating
activities remained the main source of liquidity for the business.
Cash Flow from Investing Activities
Investing activities
recorded a small net outflow of ₹764.48
lakhs in FY 2025, compared to a large inflow of ₹3,716.42 lakhs in FY 2024. This difference is mainly because the
company did not repeat last year’s significant sale proceeds from property and
equipment (₹4,716.12 lakhs in FY 2024 vs
₹15.78 lakhs in FY 2025). However, the outflow was partly cushioned by
lower spending on asset acquisitions (₹1,921.96
lakhs) and higher movement in bank deposits (₹744.23 lakhs) along with interest received (₹397.47 lakhs).
Cash Flow from Financing Activities
Financing activities
resulted in a heavy net outflow of ₹37,810.78
lakhs in FY 2025, though this was lower than the ₹42,166.49 lakhs outflow in FY 2024. The main reasons were large
repayments of long-term borrowings (₹10,030.27
lakhs) and non-convertible debentures (₹16,000.10
lakhs), along with finance cost payments of ₹13,509.44 lakhs. Even though the company raised fresh borrowings
of ₹7,046.87 lakhs, overall
financing cash flows remained deeply negative
Net Cash Position
As a result of the
above movements, Bharat Hotels reported a net
decrease in cash and cash equivalents of ₹1,320.30 lakhs in FY 2025,
compared to a reduction of ₹979.67 lakhs
in FY 2024. The opening balance of cash stood at ₹4,022.92 lakhs, leading to a closing balance of ₹2,702.62 lakhs as on 31st March 2025.
|
Particular |
31-03-2025 |
31-03-2024 |
|
Current Ratio (in times) |
0.61 |
0.87 |
|
Debt Equity Ratio (in times) |
0.87 |
1.17 |
|
Debt Service Coverage Ratio (in
times) |
0.98 |
0.85 |
|
Return on Equity Ratio / return on
investment (in %) |
11.12% |
12.71% |
|
Inventory Turnover Ratio (in times) |
53.23 |
50.00 |
|
Debtors Turnover Ratio (in times) |
38.02 |
27.45 |
|
Creditors Turnover Ratio (in times) |
0.77 |
0.88 |
|
Net Capital Turnover Ratio (in times) |
(12.97) |
(37.70) |
|
Net Profit Ratio (in %) |
12.52% |
13.14% |
|
Return on Capital Employed Ratio (in
%) |
16.83% |
15.82% |
Here is a summary of
the financial ratio for the years 2025 and 2024
Current Ratio
The current ratio fell
from 0.87 in FY 2024 to 0.61 in FY 2025, indicating weaker short-term
liquidity. This means the company has fewer current assets available to cover
its current liabilities, which can put pressure on working capital management.
Debt-Equity Ratio
The debt-equity ratio
improved from 1.17 in FY 2024 to 0.87 in FY 2025, showing that the company
reduced its reliance on debt financing. This is a positive sign as it reflects
a stronger balance sheet and lower financial risk.
Debt Service Coverage Ratio (DSCR)
The DSCR increased from
0.85 to 0.98, moving closer to the safe benchmark of 1. This means the
company’s earnings are almost sufficient to meet its debt repayment
obligations, an improvement from last year though still slightly tight.
Return on Equity (ROE)
ROE declined from 12.71%
in FY 2024 to 11.12% in FY 2025. This shows that the profitability relative to
shareholders’ equity weakened slightly, meaning the company generated a lower
return for its investors compared to the previous year.
Inventory Turnover Ratio
The inventory turnover
ratio rose from 50.00 to 53.23, which suggests that the company managed its
inventory more efficiently in FY 2025. Faster turnover indicates better sales
and reduced holding costs.
Debtors Turnover Ratio
The debtors turnover
ratio improved significantly from 27.45 in FY 2024 to 38.02 in FY 2025, showing
that receivables were collected much faster. This is a strong sign of improved
credit control and better cash flow management.
Creditors Turnover Ratio
The creditors turnover
ratio dropped from 0.88 to 0.77, meaning the company is now taking slightly
longer to pay its suppliers. While this could help in managing liquidity, it
may strain supplier relationships if delayed too much.
Net Capital Turnover Ratio
The net capital
turnover ratio, though negative in both years, improved from -37.70 in FY 2024
to -12.97 in FY 2025. A negative figure indicates that the company’s working
capital position is unfavorable (current liabilities exceed current assets),
but the improvement suggests some recovery.
Net Profit Ratio
The net profit margin
declined from 13.14% to 12.52%, indicating a slight reduction in profitability.
While still healthy, this reflects higher costs or lower efficiency compared to
the previous year.
Return on Capital Employed (ROCE)
ROCE improved from 15.82% in FY 2024 to 16.83% in FY 2025, highlighting better overall efficiency in generating returns from total capital employed. This indicates that the company used its capital base more effectively than before.
