Deepjyoti Textiles Annual Reports, Balance Sheet and Financials

Deepjyoti Textiles Limited Standalone Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Non-Current Assets
Property, Plant and Equipment	28.71	41.97
Other Financial Assets	2.00	5.60
Deferred Tax Assets (Net)	6.27	5.23
Current Assets
Investments	315.01	266.08
Trade Receivables	109.10	106.47
Cash and Cash Equivalents	131.44	354.37
Bank balances other than above	3.83	-
Current Tax Assets (Net)	1.69	4.24
Other Current Assets	11.90	43.66
Total assets	609.95	827.62
Equity
Equity Share Capital	501.00	501.00
Other Equity	57.07	278.94
Liabilities
Trade payables
Total outstanding dues of micro and small enterprises	44.68	40.73
Other Current Liabilities	7.20	6.95
Total equity and liabilities	609.95	827.62

Deepjyoti Textiles Limited Standalone Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Revenue from Operations	44.70	572.13
Other Income	5.07	37.98
Total Income	49.77	610.11
Expenses
Purchases of Stock-in-Trade	170.21	284.82
Changes in Inventories of stock in trade	-	1.60
Employee Benefits Expenses	40.05	42.29
Depreciation and Amortization	13.54	16.58
Other Expenses	48.92	28.70
Total Expenses	272.72	373.99
Profit / (Loss) before Tax	-222.95	236.12
Current Tax	-	2.75
Deferred Tax	-1.04	-1.36
Tax Adjustments of Earlier Years	-0.04	0.01
Total Tax Expense	-1.08	1.40
Profit / (Loss) after Tax	-221.87	234.72
Earnings per share
Basic & Diluted	-4.43	4.68

Deepjyoti Textiles Limited Standalone Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Cash Flow from Operating Activities
Net Profit/(Loss) before Tax	-222.95	236.12
Adjustments for:
Depreciation	13.54	16.58
Interest Income	2.94	-21.38
Dividend Income	-2.12
Net (gain)/loss on financial assets at FVTPL	21.34	-16.60
Operating Profit before Working Capital Changes	-187.25	214.72
Adjustments for:
Increase/(Decrease) in Trade Payable	3.95	40.73
Increase/(Decrease) in Other Current Liabilities	0.25	0.03
(Increase)/Decrease in Inventories	-	1.60
(Increase)/Decrease in Trade Receivables	-2.63	-37.04
(Increase)/Decrease in Other Current Assets	34.31	-29.23
Cash Generated from Operations	-151.37	190.81
Income Taxes Paid	0.04	-2.76
Net Cash from Operating Activities	-151.33	188.05
Cash Flow from Investing Activities
Purchase of Property, Plant & Equipment	-0.29	-15.20
Purchase of Current Investments	-1,084.63	-249.48
Sale of Current Investments	1,014.37	-
Dividend Received	2.12	-
(Increase)/Decrease in Deposits	-0.23	174.80
Interest on Term Deposit with Bank	-2.94	21.38
Net Cash from Investing Activities	-71.60	-68.50
Cash Flow from Financing Activities
Net Cash from Financing Activities	-	-
Net Increase/(Decrease) in Cash & Equivalents	-222.93	119.55
Cash & Equivalents at Beginning of Year	354.37	234.82
Cash & Equivalents at End of Year	131.44	354.37

Summary of cash flow statement:

Cash Flow from Operating Activities

The company reported a net loss before tax of ₹222.95 lakhs in FY25, compared to a profit of ₹236.12 lakhs in FY24, indicating a sharp decline in core profitability. After adjustments such as depreciation and fair value changes in financial assets, the operating profit before working capital changes turned negative at ₹187.25 lakhs, compared to a positive ₹214.72 lakhs in FY24.

Working capital changes provided limited support. There was a small increase in trade payables (₹3.95 lakhs) and a favorable movement in other current assets, but this was offset by increased receivables and weak operational performance. As a result, the company reported negative cash flow from operations of ₹151.33 lakhs, compared to a positive ₹188.05 lakhs in FY24. This indicates that the company’s core operations are no longer generating cash, which is a major concern.

 

Cash Flow from Investing Activities

Investing activities resulted in a net cash outflow of ₹71.60 lakhs in FY25, similar to ₹68.50 lakhs in FY24. The company made significant investments in current financial instruments (₹1,084.63 lakhs) but partially offset this through sale of investments (₹1,014.37 lakhs). There was minimal capital expenditure on fixed assets.

Additionally, dividend income was received (₹2.12 lakhs), and there were minor changes in deposits and interest income. Overall, investing activities reflect active management of short-term investments, though they still resulted in a net cash outflow.

 

Cash Flow from Financing Activities

There were no cash flows from financing activities in both FY25 and FY24, indicating that the company neither raised nor repaid any debt or equity during the period. This suggests that the company is not relying on external financing, but it also means there is no additional financial support to offset operational cash losses.

 

Net Change in Cash Position

Due to negative operating and investing cash flows, the company recorded a net decrease in cash and cash equivalents of ₹222.93 lakhs in FY25, compared to an increase of ₹119.55 lakhs in FY24. Consequently, the closing cash balance declined significantly to ₹131.44 lakhs from ₹354.37 lakhs, indicating a reduction in liquidity.

Financial ratios of Deepjyoti Textiles Limited 

Particulars	31-03-2025	31-03-2024
Current Ratio (times)	11.04	16.25
Return on Equity Ratio (%)	-33.16%	35.42%
Inventory Turnover Ratio (times)	-	359.94
Trade Receivable Turnover Ratio (times)	1.59	3.27
Trade Payable Turnover Ratio (times)	3.99	6.31
Net Capital Turnover Ratio (times)	0.27	0.55
Net Profit Ratio (%)	-496.41%	41.02%
Return on Capital Employed (%)	-39.95%	30.27%
Return on Investment (%)	-36.55%	35.72%

Summary of financial ratios:

Current Ratio

The current ratio declined sharply to 11.04 in FY25 from 16.25 in FY24, though it still remains extremely high. This indicates that the company continues to have very strong short-term liquidity, with current assets far exceeding current liabilities. However, such an unusually high ratio may also suggest inefficient utilization of working capital, where funds are idle rather than being productively deployed.

 

Return on Equity

The ROE turned negative at -33.16% in FY25 from a strong 35.42% in FY24, reflecting a significant deterioration in profitability. This indicates that the company incurred losses during FY25, leading to erosion of shareholders’ wealth, compared to healthy returns in the previous year.

 

Inventory Turnover Ratio

The inventory turnover ratio is not reported in FY25, compared to an exceptionally high 359.94 in FY24. The earlier high ratio suggested very fast inventory movement or minimal inventory holding, possibly indicating a trading-based model. The absence of data in FY25 may imply no significant inventory or operational changes, but it limits comparability and efficiency assessment.

 

Trade Receivables Turnover Ratio

The receivables turnover ratio declined to 1.59 from 3.27, indicating a significant slowdown in collection of receivables. This suggests that the company is taking longer to collect payments from customers, which can negatively impact liquidity and increase credit risk.

 

Trade Payables Turnover Ratio

The payables turnover ratio decreased to 3.99 from 6.31, indicating that the company is taking more time to pay its suppliers. While this may help conserve cash in the short term, it could strain supplier relationships and reflects tight cash flow conditions.

 

Net Capital Turnover Ratio

The net capital turnover ratio fell to 0.27 from 0.55, showing reduced efficiency in utilizing working capital to generate revenue. This indicates that a larger amount of capital is tied up relative to sales, reflecting weak operational performance.

 

Net Profit Ratio

The net profit margin declined drastically to -496.41% from 41.02%, indicating massive losses in FY25. This suggests that expenses far exceeded revenue, possibly due to operational disruptions, exceptional costs, or a sharp decline in income.

 

Return on Capital Employed

The ROCE turned negative at -39.95% from a positive 30.27%, indicating that the company is no longer generating adequate returns from its total capital employed. This reflects severe deterioration in operational profitability and efficiency.

 

Return on Investment

The ROI also turned negative at -36.55% compared to 35.72%, showing that investments are now yielding negative returns. This indicates poor investment performance and inefficient allocation of funds during FY25.