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)

Particular	31-03-2024	31-03-2023
Non- Current assets
Property, Plant and Equipment	266.44	466.11
Intangible assets	851.46	1,060.68
Capital work-in-progress	-	-
Right of use	50.59	126.48
Other financial assets	242.76	1,134.36
Income tax assets (net)	0.15	57.58
Other non-current assets	1.27	3.15
Current assets
Trade receivables	149.56	238.65
Cash and cash equivalents	21,585.17	7,257.11
Bank balances other than above	7,111.02	2,616.61
Other financial assets	0.28	1.23
Other current assets	1,288.76	1,548.37
Total Assets	31,547.46	14,510.33
Equity
Equity Share Capital	5,525.00	5,525.00
Other Equity	131.75	(1,360.57)
Non-current liabilities
Lease liabilities	-	57.62
Other financial liabilities	279.14	178.03
Other non-current liabilities	218.02	222.82
Non-current Provision	46.91	23.71
Current liabilities
Total outstanding dues of micro enterprises and small enterprises	22.49	4.87
Total outstanding dues other than above	479.67	1,294.99
Lease liabilities	57.62	78.29
Other financial liabilities	17,186.53	6,178.97
Current Provisions	2.22	3.14
Other current liabilities	7,598.11	2,302.46
Total equity and liabilities	31,547.46	14,510.33

Hindustan Power Exchange Limited Standalone Profit & Loss (Rs. In Lakhs)

Particulars	31-03-2024	31-03-2023
Revenue from operations	3,645.62	1,550.51
Investment income	712.03	183.45
Other Income	5.74	9.57
Total income	4,363.39	2,743.53
Expenses
Employee benefit expense	1,033.21	927.75
Finance cost	19.62	7.99
Depreciation and amortization expense	489.95	577.35
Administration and other expenses	1,148.09	1,231.78
Total expenses	2,690.87	2,744.87
Profit Before Tax	1,672.52	(1,001.34)
Current tax	179.20	-
Tax for earlier years
Deferred tax
Profit/(Loss) for the year	1,493.32	(1,001.34)
Other Comprehensive Income (OCI)
Items that will not be reclassified subsequently to profit or loss
Remeasurements of the defined benefit liabilities	1.01	0.08
Total Comprehensive Income for the year	1,492.31	(1,001.42)
Earnings per equity share (in Rs.)
Basic	0.27	0.08
Diluted	1	1

Hindustan Power Exchange Limited Standalone Cash Flow Statement (Rs. In Lakhs)

Particular	31-03-2024	31-03-2023
Cash Flow From Operating Activities
Profit/(Loss) for the year	1,672.52	(1,001.34)
Adjustments for:
Depreciation and amortisation expense	489.95	577.35
Provision/Liability No longer required written Back	-	(7.20)
Interest expense on financial liabilities measured at amortised cost	19.62	7.99
Amortisation of deferred settlement guarantee fund	(18.73)	(7.39)
Interest income on Financial Assets at Amortised Cost	(1.38)	(1.28)
Interest expense on lease liabilities	7.85	13.49
Profit/Loss on Sale/theft of Fixed assets	(0.04)	0.06
Interest income	(712.03)	(183.45)
Operating Profit before Working Capital Changes	1,457.76	(601.77)
Adjustments for:
Other assets	261.49	(1,285.16)
Trade payable	(797.70)	1,146.25
Other financial assets	0.95	50.87
Other Current Liabilities	5,313.38	7,887.75
Other non -Current Liability	(4.80)	222.82
Other financial liabilities	11,089.05	284.29
Trade Receivable	89.09	(236.73)
Provisions	21.27	16.37
Operating Profit After Working Capital Changes	15,972.73	8,086.46
Tax paid (net of refunds)	(121.77)	(28.19)
Net Cash generating from/(used in) Operating Activities	17,308.72	7,456.50
Cash Flow From Investing Activities
Investment/Maturity of fixed deposits	(3,471.00)	823.72
Interest income received	581.60	115.49
PPE- Amount Realised against sale /theft of Laptop	0.32	0.68
Investment in property, plant & equipment including CWIP	(5.44)	(1,074.11)
Net Cash Generated From/(used in) Investing Activities	(2,894.52)	(134.22)
Cash Flow From Financing Activities
Repayment of lease obligation	(86.14)	(82.04)
Net Cash Generated From/(used in) Financing Activities	(86.14)	(82.04)
Net (Decrease)/ increase in Cash and Cash Equivalents	14,328.06	7,240.24
Opening balance of cash and cash equivalents	7,257.11	16.87
Closing balance of cash and cash equivalents	21,585.17	7,257.11

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

Operating Activities

The company delivered a strong turnaround in FY24. Profit for the year was ₹1,672.52 compared to a loss of ₹1,001.34 in FY23. After adjustments for non-cash items (like depreciation of ₹489.95 and finance costs of ₹27.47) and deducting interest income of ₹712.03, the operating profit before working capital changes stood at ₹1,457.76 (vs. –₹601.77 in FY23).
Working capital movements brought large inflows, especially from other financial liabilities (₹11,089.05) and other current liabilities (₹5,313.38). Some outflows occurred in trade payables (–₹797.70) and other assets (–₹261.49). As a result, the net cash from operating activities shot up to ₹17,308.72 from ₹7,456.50 last year.

Investing Activities

The company invested heavily in fixed deposits (–₹3,471.00), along with a small spend on PPE (–₹5.44). On the positive side, it received interest income of ₹581.60 and small proceeds from asset sales. Overall, net cash used in investing activities was –₹2,894.52, compared to –₹134.22 in FY23.

Financing Activities

There was no major financing raised during the year. The only outflow was repayment of lease obligations (₹86.14), similar to FY23 (₹82.04). Hence, financing activities had minimal impact on overall cash flow.

Net Cash Movement & Closing Balance

After combining all activities, the company recorded a net increase in cash of ₹14,328.06, almost double the previous year’s increase of ₹7,240.24. This pushed the closing cash balance to ₹21,585.17 from ₹7,257.11 in FY23, reflecting a very strong liquidity position.

Hindustan Power Exchange Limited Financial Ratios (Rs. In Lakhs)

Particular	31-03-2024	31-03-2023
Current Ratio	1.19	1.18
Return on Equity Ratio	0.27	(0.18)
Trade Receivables Ratio	18.78	13.10
Trade Payables Turnover Ratio	4.05	2.39
Net Capital Turnover Ratio	0.74	0.33
Net Profit Ratio	0.41	0.65
Return on Capital Employed Ratio	29.57%	(24.05)%
Return on investments	3.11%	2.79%

Summary of the financial ratio for the years 2025 and 2024:

Current Ratio – The ratio is 1.19 in 2024 compared to 1.18 in 2023, showing almost no change. Since it is slightly above 1, the company has just enough current assets to cover its short-term liabilities, which means liquidity is stable but not very high.

Return on Equity (ROE) – In 2024, ROE is 0.27, a big improvement from –0.18 in 2023. This indicates that the company has turned profitable and is now generating returns for shareholders, whereas last year it was giving negative returns.

Trade Receivables Turnover Ratio – The ratio increased to 18.78 in 2024 from 13.10 in 2023, which means the company is collecting money from customers faster. This shows better credit management and stronger cash flow efficiency.

Trade Payables Turnover Ratio – It rose from 2.39 in 2023 to 4.05 in 2024, which means the company is paying its suppliers more quickly. While this reflects financial strength, it also reduces the advantage of supplier credit.

Net Capital Turnover Ratio – This improved to 0.74 in 2024 from 0.33 in 2023, indicating that the company is using its working capital more effectively to generate sales. Higher efficiency in managing capital is a positive sign.

Net Profit Ratio – The ratio fell from 0.65 in 2023 to 0.41 in 2024, showing that although profits are still healthy, the margin has reduced. This could be due to higher costs or lower pricing power during the year.

Return on Capital Employed (ROCE) – It improved strongly from –24.05% in 2023 to 29.57% in 2024, which means the company is now using its total capital much more efficiently to earn profits, after a weak performance last year.

Return on Investments – The return increased slightly from 2.79% in 2023 to 3.11% in 2024, showing that the company is earning better returns on its investments, though the overall return percentage is still modest.