Elofic Industries Annual Reports, Balance Sheet and Financials

Elofic Industries Limited Conolidated Balance Sheet (Rs in crores)

Elofic Industries Limited Consolidated Profit & Loss Statement   (Rs in Crores)

 Elofic Industries Limited Consolidated Cash Flow Statement (Rs in crores)                     

Summary of the Cash Flow Statement for the years 2026 and 2025:

Cash Flow from Operating Activities

Net cash generated from operating activities increased significantly to Rs. 78.18 crores in FY 2025-26 from Rs. 46.26 crores in FY 2024-25. The improvement was primarily driven by higher operating profit before working capital changes, reflecting stronger profitability from the Company 's core business operations during the year. Healthy operating cash generation indicates the Company 's ability to convert its earnings into cash, thereby strengthening internal liquidity and providing adequate resources to support capital expenditure, debt servicing, dividend payments and future business growth.

Cash Flow from Investing Activities

Net cash used in investing activities stood at Rs. 17.12 crores in FY 2025-26, compared to an outflow of Rs. 45.54 crores in FY 2024-25. The investing cash outflow during the year was primarily attributable to capital expenditure of Rs. 119.28 crores towards property, plant and equipment, capital work-in-progress and intangible assets, reflecting the Company 's continued investment in expanding and strengthening its operational capabilities. However, the overall cash outflow was substantially offset by a net release of bank balances not classified as cash and cash equivalents, resulting in a lower net investing cash outflow compared with the previous year.

Cash Flow from Financing Activities

Net cash used in financing activities was Rs. 2.88 crores in FY 2025-26, compared to Rs. 2.74 crores in FY 2024-25. The financing cash outflow primarily comprised repayment of lease liabilities, payment of interest and distribution of dividends during the year. The relatively stable level of financing cash outflow across both years indicates a consistent financing profile, with cash primarily utilized towards meeting contractual financing obligations and returning value to shareholders through dividend payments.

Overall cash position :

The Company 's cash and cash equivalents increased substantially by Rs. 58.19 crores during FY 2025-26, compared to a decrease of Rs. 2.02 crores in FY 2024-25. As a result, cash and cash equivalents stood at Rs. 62.06 crores as at March 31, 2026, significantly higher than Rs. 3.79 crores as at March 31, 2025. The sharp improvement in the overall cash position was primarily supported by strong cash generation from operating activities and a lower net cash outflow from investing activities during the year. The strengthened liquidity position enhances the Company 's financial flexibility, providing greater capacity to fund future capital expenditure, meet operational and financial obligations, and support strategic growth initiatives while maintaining a comfortable cash buffer.

 Financial Ratios of Elofic Industries Limited

Summary of ratios for Elofic Industries Limited for the year 2026 and 2025:

Current Ratio

The current ratio declined to 4.76x as at March 31, 2026 from 6.07x as at March 31, 2025. Despite the decline, the ratio remains significantly above 1, indicating that the Company continues to maintain a strong short-term liquidity position with adequate current assets to meet its current liabilities. The decrease may reflect relatively higher utilization of current assets or an increase in current liabilities during the year.

Debt-Equity Ratio

The debt-equity ratio remained unchanged at 0.01x in both FY 2025-26 and FY 2024-25, reflecting a virtually debt-free capital structure. The consistently low leverage indicates that the Company relies predominantly on shareholders ' funds to finance its operations, resulting in low financial risk and minimal interest burden.

Debt Service Coverage Ratio (DSCR)

The debt service coverage ratio declined to 87.88x from 165.43x in the previous year. Although the ratio moderated, it remains exceptionally high, indicating that the Company 's operating earnings continue to be more than sufficient to meet its debt servicing obligations. The decline is likely attributable to comparatively lower operating earnings or higher debt servicing commitments during the year.

Inventory Turnover Ratio

The inventory turnover ratio decreased marginally to 2.85x in FY 2025-26 from 2.96x in FY 2024-25. The decline suggests a slightly slower movement of inventory during the year, which may indicate higher inventory holding levels or relatively slower sales. However, the change is not significant and overall inventory management remains stable.

Trade Receivables Turnover Ratio

The trade receivables turnover ratio declined to 6.00x from 6.37x in the previous year. This indicates a marginal slowdown in the collection of receivables, suggesting that customers took slightly longer to settle their dues compared to the previous year. Nevertheless, the ratio continues to reflect efficient credit and collection management.

Trade Payables Turnover Ratio

The trade payables turnover ratio improved marginally to 6.67x in FY 2025-26 from 6.62x in FY 2024-25. The increase indicates that the Company made payments to its suppliers slightly faster than in the previous year, reflecting consistent supplier payment practices and effective working capital management.

Net Capital Turnover Ratio

The net capital turnover ratio increased to 2.03x from 1.84x in FY 2024-25. The improvement indicates that the Company generated higher revenue for every rupee invested in working capital, reflecting improved efficiency in the utilization of net working capital to support business operations.

Net Profit Ratio

The net profit ratio remained stable at 17% in both FY 2025-26 and FY 2024-25. The steady margin indicates that the Company maintained consistent profitability despite changes in revenue and operating costs, demonstrating stable operational performance during the year.

Return on Equity (ROE)

Return on equity declined to 19% in FY 2025-26 from 23% in FY 2024-25. The decrease indicates that the Company generated comparatively lower returns on shareholders ' equity during the year. This may be attributable to growth in the equity base outpacing the increase in net profit, resulting in a moderation in returns to shareholders.

Return on Capital Employed (ROCE)

Return on capital employed decreased to 23% from 32% in the previous year. The decline suggests comparatively lower earnings generated from the capital employed in the business, reflecting a moderation in overall capital efficiency despite the Company continuing to earn healthy returns.

Return on Investments (ROI)