Budge Budge Company Annual Reports, Balance Sheet and Financials

Budge Budge Company Ltd Consolidated Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Non-current Assets
Property,  Plant  and Equipment	5,411.51	5,545.24
Capital Work  - in -  progress	11.04	13.35
Investment  Property	931.09	947.68
Other  Intangible  Assets	8.36	11.08
Investments	1.092.66	1,092.14
Other  Financial  Assets	376.84	326.84
Current  Asset
Inventories	3.409,25	3,395.64
Trade  Receivables	1,156.96	846.77
Cash and Gash Equivalents	1.16	23.35
Bank Balance other than above	33.03	13.33
Loans	460.65	385.20
Other  Financial  Assets	366.30	317.68
Current  Tax  Assets  (Net)	239.18	205.65
Other  Current  Assets	321.63	344.10
Total Assets	13,819.66	13,468.04
Equity
Equity  Share  Gapital	638.22	638.22
Other  Equity	1,406.51	1,601.39
Non -  Current  Liabilities
Borrowings	1,475.82	1824.81
Deferred  Tax  Liabilities  (Net)	234.15	280.30
Current  Liabilities
Borrowings	1,714.19	1588.41
Trade Payables
total outstanding  dues of micro  enterprises  and small enterprises	76.44	54.31
total outstanding  dues of creditors  other than micro enterprises  and small enterprises	6,799.97	6,104.29
Other Financial  Liabilities	1,329.75	1,274.79
Other  Current  Liabilities	144.61	101.52
Total  Equity  and  Liabilities	13,819.66	13,468.04

 

Budge Budge Company Ltd Consolidated Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Income
Revenue  from  Operations	20,077.92	22,400.10
Other  Income	94.93	482.00
Total Income	20,172.85	22,882.09
Expenses
Cost of Raw Materials Consumed	11,638.77	14,123.15
Purchase  of  Stock  in  Trade	297.00	0.10
Changes in Inventories of Finished Goods, Stock in Process and Stock in Trade	888.69	-1076.96
Employee Benefits  Expense	3,611.99	4,591.90
Finance  Cost	942.08	1,017.50
Depreciation and Amortisation Expenses	564.06	540.90
Other  Expenses	2,471.29	3,244.23
Total Expenses	20,413.88	22,440.82
Profit Before Tax	(241.03)	441.27
Current tax	-	20.16
Deferred Tax	(46.15)	-3.15
Profit for the year	(194.88)	424.26
Total Comprehensive Income for the year	(194.88)	424.26
Earnings per Equity Share
Basic	(3.05)	6.65
Diluted	(3.05)	6.65

 Budge Budge Company Ltd Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
CASH FLOW FROM OPERATING ACTIVITIES
Profit  befo re tax	(241.03)	441.27
Adjustment  for
Dep reciat ion/a mo rtization	564.06	540.90
Interest  expenses	942.08	1,017.50
Rent	(415.27)	-398.55
Dividend  Income	(0.02)	(0.02)
Interest Income	(50.78)	-76.63
(Profit)/Loss  on  saIe of  Property  Plant  and Equipment	(14.39)	-81.21
Sundry balances  written off  (Net)	0.03	31.85
Sundry balances written back	(1.83)	(3.04)
Provision  for Expected Credit Loss	0.14	0.44
Fair value  (Gain)/Loss  on  Non-current  investments	(0.50)	0.36
Operating protit betore working capital changes	782.49	1,470.96
Changes in Working Capital (Excluding Cash & Cash equivalents)
(Increase)/Decrease in trade receivables	(310.37)	1,162.87
(Increase)/Decrease in investories	(13.62)	695.24
(Increase)/Decrease in other financial assets	(56.08)	116.60
(Increase)/Decrease in other current assets	22.46	299.73
(Increase)/Decrease in trade payables	719.64	(2,774.83)
(Increase)/Decrease in other financial liabilities	30.44	(84.96)
(Increase)/Decrease in other current liabilities	43.11	(36.86)
Cash generated from /(used in) operations	1,218.07	850.63
Income taxes  refunded / (paid)	(33.53)	-87.20
Net Cash Flow frorn/ (used in) Operating  Activities	1,184.53	763.45
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase  of  property  plant  and equipment,  Intangibles	(401.79)	-658.70
Addition in Capital Work in progress	(11.04)	-13.35
Proceeds from sale of property plant and equipment	18.49	202.93
Dividend  Income	0.02	0.02
Investment in Shares	-	-1080.00
Investments in/maturity of Bank Deposits (original maturity more than three months)	(19.70)	20.85
Proceeds from Loans and Advances	(75.45)	211.55
Rent	415.27	398.55
Interest	8.24	127.81
Net Cash Flow from/(used  in) Investing Activities	(65.96)	-788.43
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from non current borrowings	(336.25)	1,011.57
Proceeds from current borrowings	113.04	14.83
Interest paid	(917.56)	-993.60
Net Cash Flow from/(used  in) Financing Activities	(1,140.77)	32.80
Net Increase/Decrease in Cash & Cash Equivalents	(22.20)	5.90
Cash and cash equivalents at the beginning of the year	23.35	17.45
Cash and cash equivalents at the end of the year	1.16	23.35
	(22.19)	5.90

Cash Flow Statement Analysis – Budge Budge Company Ltd (Rs. In Lakhs)

(Activity-wise Summary Explanation)

Operating Activities:
The company reported a loss before tax of ₹(241.03) compared to a profit in the previous year. However, after adjusting for non-cash items such as depreciation (₹564.06) and interest expenses (₹942.08), operating profit before working capital changes stood at ₹782.49.

Working capital movements supported cash generation, mainly due to an increase in trade payables and other liabilities, though this was partly offset by higher trade receivables, inventories, and financial assets. Consequently, cash generated from operations improved to ₹1,218.07. After tax payments, net cash from operating activities amounted to ₹1,184.53, higher than the previous year, indicating stable core operating cash inflows despite accounting losses.

Investing Activities:
Investing activities resulted in a modest net cash outflow of ₹(65.96). The company incurred capital expenditure on property, plant, equipment, and capital work-in-progress, partially offset by proceeds from sale of assets, rental income, and interest receipts. Compared to the previous year’s larger outflow, investment activity was relatively moderate, indicating controlled capital spending.

Financing Activities:
Financing activities showed a significant net cash outflow of ₹(1,140.77). The company repaid non-current borrowings and incurred substantial interest payments, while only marginal funds were raised through current borrowings. This indicates a focus on debt servicing and reduction of financial obligations during the year.

Overall Cash Position:
Overall cash and cash equivalents decreased by ₹22.20 during the year, closing at ₹1.16 compared to ₹23.35 at the beginning of the year. Despite positive operating cash inflows, financing outflows and capital expenditures led to a decline in liquidity. The sharp reduction in closing cash balance indicates tight cash availability and highlights the need for continued operational cash generation and prudent financial management.

 Financial Ratios of Budge Budge Company Ltd

Particulars	2024	2023
Current ratio	0.61	0.67
Debt equity ratio	1.52	1.61
Debt service coverage ratio	1.34	1.69
Return on equity ratio	21%	17%
Inventory turnover ratio	5.85	9.12
Trade receivables turnover ratio (times)	15.51	13.83
Trade payables turnover ratio	1.83	2.93
Net capital turnover ratio	-6.24	-7.51
Net profit ratio	0.02	0.01
Return on capital employed	0.25	0.2
Return on Investment	86.2	-0.09

 

Here is a summary of the financial and operational metrics for Budge Budge Company Ltd for the year 2024 and 2023:

Current Ratio

2024: 0.61

2023: 0.67

The current ratio measures the company’s ability to cover short-term obligations with current assets. A ratio below 1 indicates that the company has fewer current assets than current liabilities. The decline from 0.67 to 0.61 suggests that the company’s liquidity position has weakened, which may indicate difficulties in covering short-term obligations.

Debt to Equity Ratio

2024: 1.52

2023: 1.61

The debt to equity ratio measures the level of debt financing relative to equity. A ratio greater than 1 means that the company relies heavily on debt financing. The decrease from 1.61 to 1.52 indicates a slight reduction in reliance on debt relative to equity, which may suggest efforts to strengthen the company’s capital structure.

Debt Service Coverage Ratio (DSCR)

2024: 1.34

2023: 1.69

The DSCR measures the company’s ability to service debt from operating income. A DSCR greater than 1 indicates that the company generates enough cash to cover its debt payments. The decrease from 1.69 to 1.34 shows a reduced ability to meet debt obligations, which might signal cash flow constraints or increased interest costs.

Return on Equity (ROE)

2024: 21%

2023: 17%

ROE measures the return generated on shareholders ' equity. An increase from 17% to 21% indicates improved profitability and efficient use of equity capital, which is positive for shareholders.

Inventory Turnover Ratio

2024: 5.85

2023: 9.12

This ratio shows how often inventory is sold and replaced over a period. A decline from 9.12 to 5.85 suggests slower inventory movement, possibly due to reduced demand or overstocking. This could lead to higher holding costs and potential obsolescence.

Trade Receivables Turnover Ratio

2024: 15.51

2023: 13.83

This ratio measures how efficiently the company collects receivables. An increase from 13.83 to 15.51 indicates faster collection of receivables, which improves cash flow and reduces the risk of bad debts.

Trade Payables Turnover Ratio

2024: 1.83

2023: 2.93

This ratio shows how quickly the company pays its suppliers. A decline from 2.93 to 1.83 suggests slower payment to suppliers, possibly as a cash flow management strategy. However, it may strain relationships with suppliers if payment terms are not favorable.

Net Capital Turnover Ratio

2024: -6.24

2023: -7.51

This ratio measures the efficiency of using working capital to generate sales. Negative values indicate that the company’s current liabilities exceed its current assets. The less negative value in 2024 (-6.24 compared to -7.51 in 2023) suggests a slight improvement but still reflects challenges in managing working capital effectively.

Net Profit Ratio

2024: 0.02 (or 2%)

2023: 0.01 (or 1%)

The net profit ratio measures profitability after all expenses. The increase from 1% to 2% shows an improvement in profitability, though it remains relatively low, indicating room for margin improvement.

Return on Capital Employed (ROCE)

2024: 0.25 (or 25%)

2023: 0.2 (or 20%)

ROCE measures the returns generated from total capital employed. The increase from 20% to 25% indicates a more efficient use of capital in generating profits, which is favorable for both debt and equity holders.

Return on Investment (ROI)

2024: 86.2%

2023: -0.09%

The ROI measures the profitability of investments made. The substantial increase from -0.09% to 86.2% is a positive indicator, reflecting high returns on the company’s investments in 2024, suggesting that investment strategies or asset utilization improved significantly.