Ecosure Pulpmolding Technologies Annual Reports, Balance Sheet and Financials

Ecosure Pulpmolding Technologies Limited Consolidated Balance Sheet (Rs in Thousand)

Particulars	31-03-2025	31-03-2024
EQUITY AND LIABILITIES
Share Capital	71,452.80	500.00
Reserves & Surplus	2,87,248.57	69,307.22
Non-Current Liabilities
Long-term borrowings	43858.36	49,431.17
Other long term liabilities	3,500.00	-
Current Liabilities
Short-term borrowings	1,86,553.93	1,36,660.04
Trade payables
Dues of creditors other than micro enterprises and small enterprises	57,373.57	65,023.34
Other current liabilities	9,331.72	1,18,822.91
Short-term provisions	43,631.19	24,041.61
TOTAL EQUITY AND LIABILITIES	7,02,950.14	4,63,786.30
ASSETS
Non-current assets
Property, plant and equipment’s	57,146.43	8,948.92
Intangible assets	510.62	-
Deferred tax assets	274.89	276.95
Other non-current assets	3,921.21	1,056.17
Current assets
Inventories	1,05,466.65	68,263.56
Trade receivables	2,55,320.33	1,41,649.79
Cash and cash equivalents	1,762.21	954.56
Short-term loans and advances	2,78,547.80	2,42,636.36
TOTAL ASSETS	7,029,50.14	4,63,786.30

Ecosure Pulpmolding Technologies Limited Consolidated Profit & Loss Statement (Rs in Thousand)

Particulars	31-03-2025	31-03-2024
Revenue from operations	7,118,24.37	500398.30
Other Income	5,516.84	2,933.50
TOTAL	7,17,341.21	5,03,331.80
EXPENSES
Cost of material consumed	5,18,353.13	3,14,724.24
Changes in inventories of finished goods, work-in-progress, and Stock-in-Trade	-21,769.27	-7,553.85
Employees benefits expense	22,984.71	26,708.04
Finance costs	23,321.12	8,128.44
Depreciation	10227.26	2055.01
Other expenses	78996.77	78716.02
TOTAL	632113.72	422777.91
PROFIT BEFORE TAX	85227.49	80553.89
Tax Expenses
Current Tax	22155.28	22422.99
Deferred Tax	2.06	-131.66
PROFIT/ (LOSS) AFTER TAX	63070.15	58262.56
Earnings Per Equity Share
Basic and diluted	2.96	116.53

Ecosure Pulpmolding Technologies Limited Consolidated Cash Flow Statement (Rs in Thousand)

Particulars	31-03-2025	31-03-2024
Cash Flow From Operating Activities
Profit Before Tax	85227.49	80553.89
Adjustment For:
Depreciation charged during the year	10227.26	2055.01
Adjustment for changes in working capital
Increase/Decrease in inventories	-37203.09	-9667.76
Increase/Decrease in trade receivables	-113670.54	-78928.50
Increase/Decrease in short term loan & advances	-35911.44	-133837.91
Increase/Decrease in other current assets	-	-1139.17
Increase/Decrease in trade payable	-7649.77	44092.32
Increase/Decrease in other current liabilities	-109491.19	-45050.05
Increase/Decrease in short term provisions	19589.58	21784.88
Cash Generated From/Used In Operations	-188881.70	-120137.29
Direct Tax Paid	22155.28	22422.99
Net Cash Generated From Used In Operations Activities	-211036.98	-142560.28
Cash Flow From Investing Activities
Purchase of Property, Plant & Equipment	-58935.40	-8367.13
Increase/Decrease in Other Non-Current Assets	-2865.04	-
Net Cash Generated From/Used in Investing Activities	-61800.44	-8367.13
Cash Flow From Financing Activities
Proceeds from long term borrowing	14988.15	56896.42
Repayment of long term borrowing	-17202.29	-8546.28
Increase/Decrease in short term borrowing	46535.21	96711.97
Increase/Decrease in other long-term liabilities	3500.00	-
Receipt of share premium	185371.20	-
Issue of share capital	40452.80	-
Net Cash Generated From/Used in Financing Activities	273645.07	145062.11
Net Increase/ Decrease in Cash & Cash Equivalents	807.65	-5865.30
Cash & Cash Equivalent at the beginning of the Year	954.56	6819.86
Cash & Cash Equivalent at the End of the Year	1762.21	954.56

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

Cash Flow from Operating Activities

The cash flow from operating activities shows a significant outflow during the year. Although profit before tax increased to ₹85,227.49 thousand in 2025 from ₹80,553.89 thousand in 2024, the company’s operations consumed substantial cash due to adverse working capital movements. Major increases in inventories (₹37,203.09 thousand), trade receivables (₹113,670.54 thousand), and short-term loans and advances (₹35,911.44 thousand) indicate that funds were heavily tied up in operational assets. Additionally, a decline in other current liabilities by ₹109,491.19 thousand further reduced cash availability. While non-cash expenses such as depreciation (₹10,227.26 thousand) and an increase in short-term provisions (₹19,589.58 thousand) partially offset these outflows, they were insufficient to prevent a cash deficit. As a result, cash used in operations amounted to ₹188,881.70 thousand, and after paying direct taxes of ₹22,155.28 thousand, the net cash outflow from operating activities stood at ₹211,036.98 thousand, reflecting weak operational cash generation.

Cash Flow from Investing Activities

The investing activities resulted in a net cash outflow, indicating higher capital expenditure during the year. The company invested ₹58,935.40 thousand in the purchase of property, plant, and equipment, significantly higher than the previous year, suggesting expansion or capacity enhancement. Additionally, ₹2,865.04 thousand was spent on other non-current assets. Consequently, the total cash used in investing activities amounted to ₹61,800.44 thousand, reflecting a focus on long-term growth at the cost of short-term liquidity.

Cash Flow from Financing Activities

The financing activities generated a strong positive cash flow and were the primary source of liquidity for the company. Funds were raised through equity issuance, including share capital of ₹40,452.80 thousand and share premium of ₹185,371.20 thousand, indicating substantial equity infusion. In addition, net borrowings contributed positively despite repayment of long-term loans amounting to ₹17,202.29 thousand. Overall, financing activities resulted in a net cash inflow of ₹273,645.07 thousand, which more than compensated for the cash outflows from operating and investing activities.

Net Change in Cash and Cash Equivalents

Due to the strong inflow from financing activities, the company recorded a net increase in cash and cash equivalents of ₹807.65 thousand during 2025. Cash and cash equivalents increased from ₹954.56 thousand at the beginning of the year to ₹1,762.21 thousand at the end of the year. This indicates that while the company faced operational cash stress, it successfully maintained liquidity through external financing.