Binani Industries Annual Reports, Balance Sheet and Financials

Binani Industries Limited Consolidated Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
ASSETS
Trade Receivables	-	0.71
Cash and Cash Equivalents	35.31	47.87
Bank Balances other than Cash and Cash Equivalents	-	0.1
Other Financial Assets	13.51	43.28
Current Tax Assets (net)	1,145.40	1,145.26
Other Current Assets	-	-
Assets classified as held for sale	336.36	336.36
Total Assets	1,530.33	1,573.58
EQUITY AND LIABILITIES
Equity Share Capital	3,138.49	3,138.49
Other Equity	(21,762.84)	-22,445.64
Borrowings	17,345.90	17,202.90
Total outstanding dues of Creditors other than micro enterprises and small enterprises	136.48	1,000.86
Other Financial liabilities	517.79	518.96
Provisions	2,154.51	2,158.01
Total Equity and Liabilities	1,530.33	1,573.58

Binani Industries Limited Consolidated Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
INCOME
Revenue from operations	0	0
Other Income	2.51	28.33
TOTAL INCOME	2.51	28.33
EXPENSES
Cost of materials and services consumed	0	0
Employee Benefits Expenses	23.91	75.75
Depreciation		0
Finance Cost		0
Other Expenses	165.37	667.38
TOTAL EXPENSES	189.28	743.13
Profit/(Loss) before tax	-186.77	-714.8
Income from write back of Trade Payables	869.55	-
Profit / ( Loss ) Before Tax	682.78	-714.80
Tax expense:
Current Tax		-
Profit / ( Loss ) for the Year	682.78	-714.8
Earning per equity share of Rs.10 each:
(1) Basic	2.18	-2.28
(2) Diluted	10	-2.28
Weighted average number of shares outstanding	31368025	3,13,68,025

Binani Industries Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Cash Flow From Operating Activities
Earnings before extraordinary items and tax	682.78	-714.80
Adjustments:
Bad debts written off	0.71
Written off Unutilised Indirect Taxes	0.57	0.41
Interest and Dividend Income	(1.27)	(20.01)
Provision/ Liabilities no longer required written back & other income	-	(9.17)
Unrealised (Gain) / Loss on Exchange Rate Fluctuation (Net)	0.44	8.47
Gain/Loss on sale of Property, Plant & Equipment ( net)	0.07	-
Loss on Revaluation	16.21	13.51
Operating Profit Before Working Capital Changes	699.51	-721.59
Adjustments
Trade and Other Receivables (Inc)/ dec	28.63	110.88
Trade and Other Payables (inc)	(15.71)	-42.70
Cash Generated from Operations	712.43	-653.41
Income tax paid	-	-
Net Cash from / (Used in) operating activities	712.43	-653.41
Exceptional Items	(869.55)
Net Cash flow from/ (used in) operating activities	(157.12)	-653.41
Cash Flow from Investing Activities
Transfer of PPE to assets held for sale		-
Proceeds from sale of property, plant and equipment		-
Proceeds from sale of Assets held for sale	0.48	5.29
Payments for sale of Assets held for sale	(0.29)	-
Loans and advances (given)/received		-
Interest and Dividend Income Received	1.27	20.01
Net Cash Flow from / (Used in) Investing Activities	1.46	25.30
Cash Flow from Financing Activities
Interest and Finance Cost paid		-
Dividend Paid / received		-
Proceeds / (Repayment) of Short Terms Borrowings (Net)	143.00	251
Proceeds from Restricted Bank	0.10
Net Cash from / (Used in) Financing Activities	143.10	251
Net Increase / (Decrease) in Cash and cash equivalents	(12.56)	-377.11
Opening Cash and cash equivalents (Cash & Bank Balance)	47.87	424.98
Closing Cash and Cash Equivalents as per Financials	35.31	47.87

Cash Flow Statement Analysis – Binani Industries Limited

(₹ in Lakhs)

The Cash Flow Statement of Binani Industries Limited reflects a significant operational turnaround in FY 2025 at the core level, though impacted by exceptional items, alongside moderate financing inflows and limited investing activity.

A. Cash Flow from Operating Activities

1. Operating Performance

• Earnings before extraordinary items and tax improved to ₹682.78 lakhs in FY 2025 compared to a loss of ₹714.80 lakhs in FY 2024.

• Key adjustments included:

  • Loss on Revaluation: ₹16.21 lakhs

  • Exchange fluctuation (Net Loss): ₹0.44 lakhs

  • Interest & Dividend Income: (₹1.27 lakhs)

  • Bad debts written off and indirect taxes written off: ₹1.28 lakhs combined

After adjustments, Operating Profit before Working Capital Changes stood at ₹699.51 lakhs, a strong recovery from negative ₹721.59 lakhs in FY 2024.

2. Working Capital Movements

• Reduction in Trade & Other Receivables: ₹28.63 lakhs (cash inflow)

• Decrease in Trade & Other Payables: (₹15.71 lakhs) (cash outflow)

As a result, Cash Generated from Operations was ₹712.43 lakhs, compared to a cash outflow of ₹653.41 lakhs in FY 2024.

There was no income tax outflow reported.

However, the Company recorded Exceptional Items of ₹869.55 lakhs, which reversed the operational gains.

Net Result:

• Net Cash from Operating Activities (after exceptional items): (₹157.12 lakhs)

• FY 2024: (₹653.41 lakhs)

Interpretation:
The core business generated positive operating cash flows in FY 2025, reflecting improved operational efficiency and stabilization. However, exceptional items significantly impacted overall operating cash flow.

B. Cash Flow from Investing Activities

Investing activities during FY 2025 were limited and non-capital intensive:

• Proceeds from sale of Assets held for sale: ₹0.48 lakhs

• Payments for sale-related expenses: (₹0.29 lakhs)

• Interest & Dividend Income Received: ₹1.27 lakhs

Net Cash from Investing Activities: ₹1.46 lakhs
(FY 2024: ₹25.30 lakhs)

Interpretation:
The Company did not undertake major capital expenditure or investment expansion. Investing inflows were primarily from minor asset monetization and investment income, indicating a conservative investment stance.

C. Cash Flow from Financing Activities

• Net Proceeds from Short-Term Borrowings: ₹143.00 lakhs

• Proceeds from Restricted Bank: ₹0.10 lakhs

Net Cash from Financing Activities: ₹143.10 lakhs
(FY 2024: ₹251 lakhs)

Interpretation:
The Company relied on short-term borrowings to support liquidity requirements. Compared to FY 2024, financing inflows moderated, indicating relatively stable funding requirements.

D. Overall Cash Position

• Net Decrease in Cash & Cash Equivalents: (₹12.56 lakhs)

• Opening Cash Balance: ₹47.87 lakhs

• Closing Cash Balance: ₹35.31 lakhs

In FY 2024, the Company had witnessed a sharp cash decline of ₹377.11 lakhs. In contrast, FY 2025 reflects a controlled reduction in cash balances.

Overall Assessment

1. Operational Turnaround: Core operating performance improved significantly in FY 2025.

2. Exceptional Impact: Large exceptional items offset operating gains.

3. Conservative Investing: No major capital expenditure or aggressive expansion.

4. Liquidity Support via Borrowings: Short-term borrowings supported working capital.

5. Stabilized Cash Position: Cash reduction in FY 2025 is moderate compared to FY 2024.

Conclusion

Binani Industries Limited demonstrated meaningful operational recovery in FY 2025, with positive cash generation before exceptional items. While exceptional adjustments impacted overall operating cash flow, the Company maintained liquidity through prudent financing and limited capital expenditure. The overall cash position remains stable, indicating improving financial resilience.