Haileyburia Tea Estates Ltd Annual Report and Financials

Haileyburia Tea Estates Limited Standalone Balance Sheet (Rs. in Thousand)

Particulars	31-03-2025	31-03-2024
Non-current assets
Property, plant and equipment	9,19,946.79	9,23,158.42
Investments	6.89	6.89
Others	3,017.56	2,756.66
Other non-current assets	351.97	376.28
Current assets
Inventories	12,505.29	35,345.25
Trade Receivables	18,898.79	10,126.75
Cash and cash equivalents	256.97	156.27
Others	5,658.18	5,210.63
Other Current assets	1,145.93	1,175.22
Total Assets	9,61,788.36	9,78,312.37
Equity
Equity Share capital	15,750.00	15,750.00
Others	6,52,563.42	6,78,766.03
Non-Current liabilities
Borrowings	2,930.85	5,906.63
Provisions	16,293.07	21,066.89
Current liabilities
Borrowings	1,44,503.69	1,28,476.53
Trade Payables
Total outstanding dues of micro enterprises and small enterprises	1,562.58	1,165.37
Total outstanding dues of creditors other than micro enterprises and small enterprises	10,777.11	16,420.08
Other financial liabilities	1,696.52	1,551.24
Other current liabilities	89,132.34	82,917.34
Provisions	26,578.80	26,292.26
Total Equity and Liabilities	9,61,788.36	9,78,312.37

Haileyburia Tea Estates Limited Standalone Profit and Loss Account (Rs. in Thousand)

Particulars	31-03-2025	31-03-2024
Revenue from Operation	2,21,777.96	1,75,555.17
Other Income	2,663.55	2,723.05
Total Income	2,24,441.51	1,78,278.22
Expenses
Cost of Materials Consumed	139.76	1,209.49
Purchase of stock-in-trade	18,331.82	18,789.31
Changes in Inventories of finished goods, stock-in-trade and Work-in-progress	23,855.53	(16,154.19)
Employee Benefit Expense	1,35,245.17	1,38,322.88
Finance Cost	18,554.63	20,625.90
Depreciation and Amortisation Expense	1,634.30	2,045.50
Other Expenses	59,177.50	51,507.09
Total Expense	2,56,938.70	2,16,345.99
Profit/Loss before Exceptional items and tax	(32,497.19)	(38,067.77)
Exceptional items (loss)	-	60,196.63
Profit/(Loss) before tax	(32,497.19)	22,128.86
Tax expenses	-	-
Profit/(Loss) for the year	(32,497.19)	22,128.86
Other comprehensive income
Items that will not be reclassified to profit or loss:
Re-measurement of defined benefit plans	6,294.58	(1,956.67)
Total comprehensive Income/(Loss) for the period	(26,202.62)	20,172.19
Earnings per Equity Share
Basic	(20.63)	14.05
Diluted	(20.63)	14.05

Haileyburia Tea Estates Limited Standalone Cash Flow Statement (Rs. in Thousand)

Particulars	31-03-2025	31-03-2024
Cash Flow from Operating Activities
Net Profit before Tax and Extraordinary items	(32,497.19)	(38,067.77)
Adjustments For:
Depreciation	1,634.30	2,045.50
Interest Paid	18,554.63	20,625.90
Miscellaneous Income	(141.90)	(148.28)
Dividend and Other Income	(408.14)	(120.00)
Operating Profit/(Loss) before Working Capital Charges	(12,857.50)	(15,662.64)
Working Capital adjustments:
(Increase)/ Decrease in Trade Receivables	(8,772.03)	3,420.15
(Increase)/ Decrease in Other Receivables	(378.38)	(955.23)
(Increase)/ Decrease in Inventories	22,839.97	(12,467.53)
(Increase)/ Decrease in Trade Payables	(5,245.76)	(8,617.59)
(Increase)/ Decrease in Other Payables	8,167.57	(10,162.93)
Cash generated from Operating Activities	3,753.86	(44,447.51)
Less: Income tax paid	276.46	0.26
Net Cash Flow (Used in)/ Generated from Operating Activates	3,477.41	(44,447.77)
Cash Flow from Investing Activities
Purchase of Fixed Assets	(386.61)	(545.35)
Sale of fixed assets / adjustments	1,963.94	61,996.50
Miscellaneous Income	141.09	148.28
Rental income	408.14	120.00
Net Cash Flow (Used in)/ Generated from Investing Activities	2,126.56	61,719.43
Cash Flow from Financing Activities
Proceeds from borrowings	13,051.37	3,302.68
Interest paid	(18,554.63)	(20,625.90)
Net Cash Flow (Used in)/ Generated from Financing Activities	(5,503.26)	(17,323.22)
Net Changes in Cash and cash equivalents during the year	100.71	(51.57)
Cash and cash equivalents at beginning of the year	156.27	207.83
Cash and cash equivalents at the end of the year	256.97	156.27

Here is a summary of the Cash Flow Statement for the years 2025 and 2024:

Cash Flow from Operating Activities

For the year ending 31st March 2025, the company generated a positive cash flow of ₹3,477.41 thousand from operating activities, a significant recovery from the negative ₹44,447.77 thousand in 2024. This improvement was driven by better working capital management particularly a reduction in inventories (₹22,839.97 thousand) and increase in other payables (₹8,167.57 thousand). Although the company continued to report losses before tax, cash adjustments like depreciation (₹1,634.30 thousand) and interest paid (₹18,554.63 thousand) helped support the operational cash.

Cash Flow from Investing Activities

In 2025, the company had a net inflow of ₹2,126.56 thousand from investing activities, although this was much lower than the ₹61,719.43 thousand inflow in 2024. The inflow mainly came from sale of fixed assets (₹1,963.94 thousand) and rental/dividend income. Capital expenditure on asset purchases was lower this year at ₹386.61 thousand, which helped maintain a positive cash position from investments.

Cash Flow from Financing Activities

The company recorded a net outflow of ₹5,503.26 thousand from financing activities in 2025, compared to ₹17,323.22 thousand outflow in 2024. Although there was a borrowing inflow of ₹13,051.37 thousand, it was more than offset by high interest payments of ₹18,554.63 thousand. This indicates that debt servicing remains a heavy cash burden for the company.

Net Changes in Cash and cash equivalents

As a result of all three activities, the company’s cash increased by ₹100.71 thousand in 2025, recovering from a fall of ₹51.57 thousand in the previous year. The closing cash balance rose to ₹256.97 thousand, up from ₹156.27 thousand, showing improved liquidity by the year-end.

Haileyburia Tea Estates Limited Financial Ratios

Particulars	2025	2024
Current Ratio	0.14	0.20
Debt-Equity Ratio	0.44	0.41
Debt Service Coverage Ratio	-0.84	1.87
Return on Equity Ratio	-2.06	1.41
Inventory Turnover Ratio	9.27	6.03
Trade Receivables Turnover Ratio	15.28	14.83
Trade Payables Ratio	1.23	1.14
Net Capital Turnover Ratio	-0.94	-0.86
Net Profit Ratio	-0.12	0.11
Return on Capital Employed	-0.02	0.06

Here is a summary of financial ratios for the years 2025 and 2024:

Current Ratio

The current ratio dropped from 0.20 in 2024 to 0.14 in 2025. This is very low and shows that the company does not have enough current assets to pay its short-term liabilities, indicating weak short-term financial health.

Debt-Equity Ratio

This ratio increased slightly from 0.41 to 0.44, which means the company is using a bit more debt compared to its equity. Although still moderate, a rising ratio can increase financial risk.

Debt Service Coverage Ratio

The ratio fell sharply from 1.87 in 2024 to –0.84 in 2025. A negative value means the company is not generating enough income to cover its debt payments, which is a serious concern.

Return on Equity (ROE)

ROE declined from a positive 1.41 in 2024 to –2.06 in 2025, showing the company went from earning a small profit for shareholders to making a loss, which reflects poor performance.

Inventory Turnover Ratio

This ratio improved from 6.03 to 9.27, meaning the company is selling and replacing its inventory more frequently, which indicates better inventory management.

Trade Receivables Turnover Ratio

The ratio rose slightly from 14.83 to 15.28, which means the company is collecting payments from customers a little faster, helping to improve cash flow.

Trade Payables Turnover Ratio

This ratio increased from 1.14 to 1.23, suggesting the company is paying its suppliers slightly faster than before.

Net Capital Turnover Ratio

The ratio remained negative, moving from –0.86 to –0.94. This shows the company is still not using its capital efficiently to generate sales, and performance has worsened slightly.

Net Profit Ratio

The net profit ratio dropped from 0.11 to –0.12, which means the company shifted from a small profit to a loss in 2025. This is a negative sign for overall profitability.

Return on Capital Employed (ROCE)

ROCE also turned negative, falling from 0.06 in 2024 to –0.02 in 2025. This shows the company is not earning returns from the capital it uses in the business.