Cochin Plantations Annual Reports, Revenue and Financials

The Cochin Plantations Limited Standalone Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Equity
Share Capital	9.30	9.30
Reserves & Surplus	156.77	-103.48
Non-current liabilities
Long Term Borrowings	150.00	267.50
Long Term Provisions	38.73	34.36
Current liabilities
Other Current Liabilities	16.42	11.71
Short Term Provisions	12.71	14.67
Total equity & liabilities	383.94	234.08
Non-current assets
Tangible Assets (Net)	88.93	89.14
Other Non Current Assets	0.49	0.49
Current assets
Inventories	233.50	93.14
Cash & Cash Equivalents	60.81	50.82
Short Term Loans and Advances	0.20	0.48
Total assets	383.94	234.08

The Cochin Plantations Limited Standalone Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Revenue
Revenue from Operations	332.41	191.38
Other Income	1.46	0.13
Total Revenue	333.87	191.51
Expenses
Changes in Inventory of Finished Goods	-132.13	-39.13
Employee Benefit Expenses	133.83	120.91
Finance Costs	20.43	-
Depreciation and Amortization Expenses	0.21	0.25
Other Expenses	50.94	42.99
Total Expenses	73.29	125.03
Profit before Tax and Exceptional Items	260.57	66.48
Tax Expense	0.32	-
Profit after Tax and Exceptional Items	260.25	66.48
Basic EPS (Rs)	279.84	71.48
Diluted EPS (Rs)	279.84	71.84

The Cochin Plantations Limited Standalone Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Cash flow from operating activities:
Net Profit before tax	260.57	66.48
Provision for Gratuity	2.41	6.94
Depreciation	0.21	0.25
Operating profit before working capital changes	263.19	73.68
Other Current Liabilities	4.70	0.97
Short Term Advances	-0.04	-0.03
Inventory	-140.36	-27.46
Net cash from Operating Activities	127.48	47.16
Cash flow from Investing Activities:
Purchase of Property Plant and Equipments	-	-0.03
Net cash from investing activities	-	-0.03
Cash flow from Financing Activities:
Loans Taken	10.00	30.00
Loans Repaid	-127.50	-30.00
Net cash from financing activities	-117.50	-
Net increase in cash & cash equivalents	9.98	47.13
Cash & Cash equivalents at beginning	50.82	3.69
Cash & Cash equivalents at the end	60.81	50.82

Summary of cash flow statement for the year 2025 and 2024:

Cash Flow from Operating Activities

The company’s operating performance improved significantly in FY 2024–25. Net profit before tax rose sharply to ₹260.57 lakhs from ₹66.48 lakhs, indicating stronger core business earnings. Non-cash adjustments such as gratuity provision (₹2.41 lakhs vs ₹6.94 lakhs earlier) and depreciation (₹0.21 lakhs vs ₹0.25 lakhs) had only a marginal impact.

However, working capital changes played a major role. A substantial increase in inventory (₹140.36 lakhs) indicates either stock buildup or slower sales turnover, which absorbed cash. At the same time, a small increase in other current liabilities (₹4.70 lakhs) provided limited support to cash flows. Despite the inventory drag, the strong profit base helped the company generate ₹127.48 lakhs from operations, nearly 2.7 times higher than ₹47.16 lakhs in the previous year. This reflects improved operational efficiency, though inventory management needs attention.

 

Cash Flow from Investing Activities

Investing activity remained negligible during FY 2024–25, with no reported capital expenditure, compared to a minimal outflow of ₹0.03 lakhs in FY 2023–24. This suggests the company did not invest in expanding or upgrading its asset base during the year. While this helps conserve cash in the short term, it may indicate limited reinvestment for future growth, which could affect long-term competitiveness if continued.

 

Cash Flow from Financing Activities

Financing cash flows show a net outflow of ₹117.50 lakhs in FY 2024–25. The company raised ₹10 lakhs in loans but repaid a much larger amount of ₹127.50 lakhs, indicating a deliberate strategy to reduce debt. In contrast, the previous year saw balanced borrowing and repayment (₹30 lakhs each), resulting in no net financing impact.

This significant repayment suggests strengthening of the balance sheet and reduced financial leverage. However, it also means a large portion of operating cash was used to service debt rather than reinvestment or liquidity buildup.

 

Net Change in Cash & Cash Equivalents

The net increase in cash during FY 2024–25 was ₹9.98 lakhs, much lower than ₹47.13 lakhs in FY 2023–24. Despite strong operating inflows, heavy loan repayments limited the overall cash accumulation.

Financial Ratios of the Cochin Plantations Limited

Particulars	31-03-2025	31-03-2024
Current ratio	10.11	5.62
Debt-Equity Ratio	0.90	-2.86
Return on Equity ratio	7.14	-0.53
Inventory Turnover ratio	-0.88	-0.60
Net Capital Turnover Ratio	1.25	1.61
Net Profit ratio	0.78	0.35
Return on Capital Employed	0.89	0.39

Summary of ratios for the year 2025 and 2024:

Current Ratio

The current ratio improved significantly from 5.62 to 10.11, indicating a very strong liquidity position. The company has more than sufficient current assets to cover its short-term liabilities. While this reflects financial stability and low liquidity risk, such a high ratio may also suggest underutilization of current assets, especially excess inventory or idle cash.

 

Debt-Equity Ratio

The debt-equity ratio moved from a negative (-2.86) to a positive 0.90. The earlier negative ratio likely indicates negative net worth or accumulated losses, whereas the current positive ratio reflects improved equity base and a more balanced capital structure. A ratio below 1 suggests moderate reliance on debt and improved financial stability.

 

Return on Equity

ROE increased sharply from -0.53 to 7.14, showing a turnaround from losses (or weak returns) to profitability. This indicates that shareholders are now earning a reasonable return on their investment. However, while the improvement is substantial, the level of return is still moderate and could be enhanced further.

 

Inventory Turnover Ratio

The inventory turnover ratio remains negative (-0.88 vs -0.60), which is unusual and signals inefficiencies in inventory management or possible accounting anomalies. It suggests that inventory is not being converted efficiently into sales, aligning with the earlier observation of a significant inventory buildup. This is a key area of concern.

 

Net Capital Turnover Ratio

This ratio declined from 1.61 to 1.25, indicating reduced efficiency in using working capital to generate revenue. Although still positive, the drop suggests that capital is being tied up (likely in inventory), leading to lower productivity of resources.

 

Net Profit Ratio

The net profit ratio improved from 0.35 to 0.78, reflecting better cost control and higher profitability. This indicates that a larger portion of revenue is being converted into profit, showcasing improved operational performance.

 

Return on Capital Employed

ROCE increased from 0.39 to 0.89, highlighting improved efficiency in utilizing overall capital (both debt and equity). This indicates that the company is generating better returns from its invested capital, though there is still room for improvement to reach stronger benchmarks.