Bundy India Annual Reports, Balance Sheet and Financials

 Bundy India Limited Standalone Balance Sheet (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Equity
Share Capital	11.85	11.85
Reserves And Surplus	263.04	199.00
Non-Current Liabilities
Long-Term Provisions	13.86	13.56
Current Liabilities
Trade Payables - Total Outstanding Dues Of Micro And Small Enterprises	7.52	4.06
Trade Payables - Total Outstanding Dues Of Creditors Other Than Micro And Small Enterprises	86.07	82.87
Other Current Liabilities	19.48	15.18
Short-Term Provisions	1.42	6.32
Total Equity And Liabilities	403.22	332.83
Non-Current Assets
Property, Plant And Equipment	61.36	62.80
Intangible Assets	3.37	3.99
Capital Work-In-Progress	9.47	1.23
Non-Current Investments	0.01	0.01
Deferred Tax Assets (Net)	3.20	2.72
Long-Term Loans And Advances	29.86	14.52
Current Assets
Inventories	61.67	55.74
Trade Receivables	108.06	67.76
Cash And Cash Equivalents	60.03	62.27
Other Bank Balances	52.82	52.23
Short-Term Loans And Advances	13.37	9.57
Total Assets	403.22	332.83

 

Bundy India Limited Standalone Profit & Loss Statement (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Income
Revenue From Operations	660.14	451.91
Other Income	6.68	3.24
Total Income	666.81	455.15
Expenses
Cost Of Materials Consumed	429.60	275.51
Changes In Inventories Of Finished Goods And Work-In-Progress	-4.27	-2.98
Employee Benefits Expense	34.40	33.40
Finance Costs	0.49	0.90
Depreciation And Amortization Expense	9.46	6.52
Other Expenses	110.96	95.47
Total Expenses	580.65	408.80
Profit Before Tax	86.16	46.35
Current Tax	22.00	12.51
Tax Adjustment Of Earlier Years (Net)	0.61	4.28
Deferred Tax	-0.48	-0.52
Profit For The Year	64.03	30.08
Earnings Per Share
Basic & Diluted	54.05	25.39

 

Bundy India Limited Standalone Cash Flow Statement (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Cash flow from Operating Activities
Profit before tax	86.16	46.35
Adjustments for:
Depreciation and amortisation expense	9.46	6.52
Property, plant and equipments written off	-	0.26
Finance cost	0.49	0.90
Interest income	-4.70	-2.08
Rental income	-1.13	-1.13
Dividend income on non-current investments	-	-0.01
(Gain)/Loss on sales of PPE (Net)	-0.73	-
Unrealised exchange (gain)/loss	-0.21	0.03
Operating profit before working capital changes	89.35	50.83
Adjustments for changes in working capital:
(Increase)/decrease in inventories	-5.94	-20.75
(Increase)/decrease in long-term loans and advances	0.41	-0.21
(Increase)/decrease in trade receivables	-40.31	-7.63
(Increase)/decrease in short-term loans and advances	-3.81	-0.97
Increase/(decrease) in long-term and short-term provisions	-4.60	6.91
Increase/(decrease) in trade payable and other liabilities	9.95	48.18
Cash generated from operations	45.05	76.36
Direct taxes refund/(paid) (net)	-24.33	-18.80
Net cash generated from operating activities	20.72	57.55
Cash flow from Investing Activities
Payment for purchase of property, plant and equipment (including capital advances)	-28.57	-19.87
Proceeds from sale of property, plant and equipment	0.85	0.04
Investment in fixed deposit	-0.59	-52.23
Interest received	4.70	2.08
Rental income	1.13	1.13
Dividend received	-	0.01
Net cash (used in) investing activities	-22.48	-68.84
Cash flow from Financing Activities
Loan repayment	-	-11.00
Interest paid	-0.49	-0.90
Net cash (used in) financing activities	-0.49	-11.89
Net increase in cash and cash equivalents	-2.24	-23.18
Cash and cash equivalents at the beginning of the year	62.27	85.45
Cash and cash equivalents at the end of the year	60.03	62.27

 

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

Cash Flow from Operating Activities

The company generated ₹20.72 crore of net cash from operating activities in FY 2024-25, compared with ₹57.55 crore in FY 2023-24, showing a decline of about 64%. Although profit before tax increased significantly from ₹46.35 crore to ₹86.16 crore, operating cash flow declined due to adverse working-capital movements. The major cash outflow came from the increase in trade receivables of ₹40.31 crore, indicating that a significant amount of sales remained uncollected. Short-term loans and advances also used ₹3.81 crore. On the positive side, operating profit before working-capital changes increased from ₹50.83 crore to ₹89.35 crore, reflecting stronger operating performance. However, higher tax payments of ₹24.33 crore and increased working-capital requirements reduced the cash generated from operations. Overall, the company remained cash-generative from operations, but the sharp decline highlights the need for better working-capital and receivables management.

 

Cash Flow from Investing Activities

Investing activities resulted in a net cash outflow of ₹22.48 crore in FY 2024-25, compared with ₹68.84 crore in FY 2023-24. The major investment during the year was the purchase of property, plant and equipment amounting to ₹28.57 crore, indicating continued investment in the company 's fixed assets and future growth. The company also invested ₹0.59 crore in fixed deposits, which was substantially lower than the ₹52.23 crore invested in the previous year. Against these outflows, the company received ₹0.85 crore from the sale of PPE, ₹4.70 crore as interest income and ₹1.13 crore as rental income. Thus, although investing activities consumed cash, the overall outflow reduced considerably compared with the previous year, which is a positive development from a liquidity perspective.

 

Cash Flow from Financing Activities

Financing activities resulted in a cash outflow of ₹0.49 crore in FY 2024-25, compared with ₹11.89 crore in FY 2023-24. The major reason for the previous year 's higher outflow was the repayment of loans amounting to ₹11 crore. In FY 2024-25, there was no loan repayment, and the only significant financing outflow was interest paid of ₹0.49 crore. The low financing cash outflow indicates that the company had limited dependence on external borrowings during the year and faced a relatively low financing burden. This can be viewed positively because the company did not require significant additional debt to support its operations or investments.

 

Net Cash Position

The company recorded a net decrease in cash and cash equivalents of ₹2.24 crore during FY 2024-25, which was considerably better than the decrease of ₹23.18 crore in FY 2023-24. The company began the year with cash and cash equivalents of ₹62.27 crore and ended with ₹60.03 crore. The decline occurred because operating cash flow of ₹20.72 crore was insufficient to cover the ₹22.48 crore investing outflow and ₹0.49 crore financing outflow. Nevertheless, the closing cash balance of ₹60.03 crore indicates a comfortable liquidity position. Overall, the company 's cash position remains satisfactory, but improving collection of trade receivables and converting its higher profitability into operating cash will be important for strengthening future liquidity.

 

Financial ratios of Bundy India Limited

Particulars	31-03-2025	31-03-2024
Current Ratio (times)	2.59	2.28
Debt Service Coverage Ratio (times)	152.08	3.15
Net Profit Ratio (%)	9.97%	6.78%
Return on Equity Ratio (%)	26.37%	15.36%
Return on Capital Employed (%)	31.52%	22.41%
Return on Investment (%)	6.90%	104.00%
Trade Receivables Turnover Ratio (times)	7.31	6.93
Inventory Turnover Ratio (times)	7.32	6.07
Trade Payables Turnover Ratio (times)	4.78	4.59
Net Capital Turnover Ratio (times)	3.54	3.19

 

Summary of Financial Ratios for the years 2025 and 2024:

Current Ratio

The Current Ratio increased from 2.28 times in 2023–24 to 2.59 times in 2024–25, indicating an improvement in the company’s short-term liquidity position. This suggests that Bundy India Limited has a stronger ability to meet its current liabilities using its current assets.

 

Debt Service Coverage Ratio

The Debt Service Coverage Ratio increased significantly from 3.15 times to 152.08 times. This indicates a substantial improvement in the company’s ability to service its debt obligations. However, such a sharp increase may also be due to a significant change in debt or finance-cost figures during the year.

 

Net Profit Ratio

The Net Profit Ratio improved from 6.78% in 2023–24 to 9.97% in 2024–25. This indicates that the company generated higher net profit from its sales and reflects an improvement in overall profitability and cost management.

 

Return on Equity Ratio

The Return on Equity Ratio increased from 15.36% to 26.37%, showing that the company generated a higher return on shareholders’ funds in 2024–25. This reflects improved profitability and more efficient utilisation of shareholders’ equity.

 

Return on Capital Employed

The Return on Capital Employed increased from 22.41% to 31.52%. This indicates that Bundy India Limited became more efficient in generating operating returns from the capital employed in the business.

 

Return on Investment

The Return on Investment declined sharply from 104.00% in 2023–24 to 6.90% in 2024–25. This indicates a significant reduction in returns generated on the relevant investment base and represents an area that requires attention despite the improvement in other profitability ratios.

 

Trade Receivables Turnover Ratio

The Trade Receivables Turnover Ratio increased from 6.93 times to 7.31 times, indicating improved efficiency in the collection of trade receivables. The company appears to have converted its receivables into cash more efficiently during 2024–25.

 

Inventory Turnover Ratio

The Inventory Turnover Ratio improved from 6.07 times to 7.32 times. This suggests that inventory was sold or consumed more quickly during 2024–25, reflecting better inventory management and utilisation.

 

Trade Payables Turnover Ratio

The Trade Payables Turnover Ratio increased slightly from 4.59 times to 4.78 times. This indicates a modest increase in the rate at which the company settles its trade payables. Overall, the change suggests relatively stable management of payments to suppliers.

 

Net Capital Turnover Ratio

The Net Capital Turnover Ratio increased from 3.19 times to 3.54 times, indicating better utilisation of net working capital to generate sales. This improvement suggests that the company used its working capital more efficiently during 2024–25.