Hindustan Power Exchange Limited (HPXL) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Hindustan Power Exchange Limited

Hindustan Power Exchange Limited Standalone Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Non-current assets
Plant, property and equipment	268.62	266.44
Intangible assets	782.56	851.46
Right of use	-	50.59
Other financial assets	27.72	242.76
Income tax assets (net)	45.84	0.15
Deferred tax assets	52.52	-
Other non-current assets	14.61	1.27
Current assets
Trade receivables	184.79	149.56
Cash and cash equivalent	23,431.83	21,585.17
Bank balances other than cash and cash equivalent	7,951.84	7,111.02
Other financial assets	1.87	0.28
Other current assets	3,801.50	1,288.76
Total assets	36,563.71	31,547.46
Equity
Equity share capital	5,525.00	5,525.00
Other equity	1,199.64	131.75
Non-current liabilities
Other financial liabilities	374.53	279.14
Other non-current liabilities	209.78	218.02
Non-current provisions	71.88	46.91
Current liabilities
Trade payables
Total outstanding dues of micro and small enterprises	19.60	22.49
Total outstanding dues other than above	145.04	479.67
Lease liabilities	-	57.62
Other financial liabilities	21,153.42	17,186. 53
Current provisions	3.08	2.22
Other current liabilities	7,861.74	7,598.11
Total equity and liabilities	36,563.71	31,547.46

Hindustan Power Exchange Limited Standalone Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Income
Revenue from Operations	3,144.25	3,645.62
Investment income	898.56	712.03
Other Income	18.92	5.74
Total Income	4,061.73	4,363.39
Expenses
Employee benefits expense	1,114.49	1,033.21
Finance costs	26.26	19.62
Depreciation & amortization expense	333.73	489.95
Administration and Other Expenses	1,249.47	1,148.09
Total Expenses	2,723.95	2,690.87
Profit/Loss Before Tax	1,337.78	1,672.52
Current Tax	326.69	179.20
Tax for earlier years	-3.30	-
Deferred Tax	-52.52	-
Profit/ Loss for the period	1,066.91	1,493.32
Other comprehensive income
Other comprehensive income not to be classified to profit or loss :
Remeasurement of defined benefit liability	0.98	-1.01
Total comprehensive income for the period	1,067.89	1,492.31
Earning per share
Basic & diluted	0.19	0.27

Hindustan Power Exchange 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	1,066.91	1,672.52
Adjustments:
Depreciation and amortization expense	333.73	489.95
Provision/liability no longer required written back	-16.86	-
Interest expense on financial liabilities measured at amortised cost	26.26	19.62
Amortization of deferred settlement guarantee fund	-26.36	-18.73
Interest income on financial assets at amortised costs	-0.97	-1.38
Interest expense on lease liabilities	1.69	7.85
Profit / loss on sale of fixed assets	0.11	-0.04
Interest income	-898.56	-712.03
Working capital adjustments:
Other assets	-2,526.08	261.49
Trade payables	-337.52	-797.70
Other financial assets	-1.59	0.95
Other current liability	289.99	5,313.38
Other non-current liability	-8.24	-4.80
Other financial liability	4,036.02	11,089.05
Trade receivables	-18.37	89.09
Provisions	26.81	21.27
Taxes paid	-98.21	-121.77
Net Cash from/(used in) Operating Activities	1,848.76	17,308.72
Cash Flow from Investing Activities
Investment/ maturity of fixed deposits	-592.28	-3,471.00
Interest income received	866.03	581.60
PPE-amount realised against sale / theft of laptop	-	0.32
Investment in PPE including CWIP	-216.54	-5.44
Sale of fixed assets	-	-
Net Cash from / (used in) Investing Activities	57.21	-2,894.52
Cash Flow from Financing Activities
Repayment of lease obligation	-59.31	-86.14
Net Cash from/(used in) Financing Activities	-59.31	-86.14
Net (decrease)/increase in Cash & cash equivalents	1,846.66	14,328.06
Cash and cash equivalents at the beginning of the year	21,585.17	7,257.11
Cash and cash equivalents at the end of the year	23,431.83	21,585.17

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

Cash Flow from Operating Activities

The company generated ₹1,848.76 lakhs from operating activities in FY 2024–25 compared to ₹17,308.72 lakhs in FY 2023–24. Although net profit before tax declined to ₹1,066.91 lakhs from ₹1,672.52 lakhs, the business continued to generate positive cash flows. The sharp reduction in operating cash flow is mainly due to lower working capital inflows compared to the previous year, particularly lower increase in other financial liabilities and higher increase in other assets. Overall, operations remain cash positive but without the exceptional working capital boost seen in FY 2023–24.

Cash Flow from Investing Activities

The company reported a marginal net inflow of ₹57.21 lakhs in FY 2024–25 against an outflow of ₹2,894.52 lakhs in FY 2023–24. During the year, there was investment in fixed deposits of ₹592.28 lakhs and capital expenditure of ₹216.54 lakhs, which were largely offset by interest income received of ₹866.03 lakhs. The previous year witnessed significantly higher investments in fixed deposits, leading to a large outflow. The current year reflects limited investment activity and stable asset expansion.

Cash Flow from Financing Activities

Net cash used in financing activities stood at ₹59.31 lakhs in FY 2024–25 compared to ₹86.14 lakhs in FY 2023–24. The outflow was mainly due to repayment of lease obligations, indicating no major borrowings or capital restructuring during the year. Financing activity remains minimal and stable.

Net Change in Cash & Cash Equivalents

Overall, cash and cash equivalents increased by ₹1,846.66 lakhs during FY 2024–25, compared to a strong increase of ₹14,328.06 lakhs in FY 2023–24. Closing cash balance stood at ₹23,431.83 lakhs as against ₹21,585.17 lakhs in the previous year, reflecting adequate liquidity position despite lower operating inflows compared to last year.

Financial ratios of Hindustan Power Exchange Limited

Particulars	2025	2024
Current ratio	1.21	1.19
Return on equity ratio	0.16	0.26
Trade receivables ratio	18.81	18.78
Net capital turnover ratio	0.51	0.74
Net profit ratio	0.34	0.41
Return on capital employed	19.89%	29.57%
Return on Investments	3.11%	3.11%

Summary of the Financial ratios for the years 2025 and 2024:

Current Ratio

The current ratio slightly improved to 1.21 in 2025 from 1.19 in 2024, indicating a marginal strengthening of the company’s short-term liquidity position. The ratio being above 1 suggests that current assets are sufficient to cover current liabilities, though the improvement is minimal and reflects stable working capital management rather than significant liquidity enhancement.

Return on Equity

Return on Equity declined to 0.16 in 2025 from 0.26 in 2024, indicating reduced profitability for shareholders. This decline suggests that the company generated lower earnings relative to shareholders’ funds during the year, reflecting either lower net profits or a higher equity base, thereby reducing overall return efficiency.

Trade Receivables Ratio

The trade receivables ratio marginally increased to 18.81 in 2025 from 18.78 in 2024, showing consistency in collection efficiency. The stable ratio indicates that the company has maintained its credit policy and receivables management effectively, with no significant deterioration in collection cycle.

Net Capital Turnover Ratio

The net capital turnover ratio decreased to 0.51 in 2025 from 0.74 in 2024, suggesting lower efficiency in utilizing working capital to generate revenue. This decline may indicate relatively higher working capital levels or reduced sales performance during the year.

Net Profit Ratio

The net profit ratio declined to 0.34 in 2025 from 0.41 in 2024, reflecting reduced profitability margins. This suggests either an increase in operating costs or a fall in revenue growth, resulting in lower profit retained from each unit of sales.

Return on Capital Employed

ROCE decreased significantly to 19.89% in 2025 from 29.57% in 2024, indicating reduced efficiency in utilizing total capital (equity and debt) to generate operating profits. The fall highlights weaker operational performance compared to the previous year.

Return on Investments

Return on Investments remained stable at 3.11% in both 2025 and 2024, indicating consistent returns from investment portfolios. There has been no significant improvement or deterioration in income generated from invested funds.