| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Honeywell Electrical Devices And Systems India Limited |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Non-current assets |
|
|
|
Plant, property and equipment |
9.65 |
8.26 |
|
Right of use assets |
1.27 |
2.01 |
|
Other financial assets |
1.03 |
0.91 |
|
Income tax assets |
3.67 |
1.45 |
|
Deferred tax assets |
5.47 |
5.63 |
|
Other non current assets |
5.35 |
5.92 |
|
Current assets |
|
|
|
Inventories |
20.61 |
19.23 |
|
Trade receivables |
49.65 |
44.89 |
|
Cash and cash equivalent |
81.48 |
97.50 |
|
Other financial assets |
0.14 |
- |
|
Other current assets |
1.43 |
1.70 |
|
Total assets |
179.75 |
187.50 |
|
Equity |
|
|
|
Equity share capital |
0.95 |
0.95 |
|
Other equity |
127.55 |
118.78 |
|
Non-Current liabilities |
|
|
|
Lease liabilities |
0.64 |
1.52 |
|
Provisions |
1.15 |
1.80 |
|
Current liabilities |
|
|
|
Lease liabilities |
0.88 |
0.79 |
|
Trade payables – total outstanding dues of micro and small enterprises |
3.85 |
3.36 |
|
Trade payables – total outstanding dues other than micro and small enterprises |
22.61 |
30.93 |
|
Other financial liabilities |
5.86 |
8.06 |
|
Other current liabilities |
5.97 |
9.70 |
|
Provisions |
10.29 |
11.36 |
|
Income tax liabilities |
- |
0.25 |
|
Total equity and liabilities |
179.75 |
187.50 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Income |
|
|
|
Revenue from Operations |
157.51 |
157.67 |
|
Other Income |
5.12 |
2.03 |
|
Total Income |
162.63 |
159.70 |
|
Expenses |
|
|
|
Cost of raw material consumed |
37.56 |
27.83 |
|
Purchase of stock in trade |
48.05 |
56.32 |
|
Changes in inventories |
-1.11 |
1.77 |
|
Employee benefits expense |
32.44 |
27.61 |
|
Finance costs |
0.20 |
0.51 |
|
Depreciation & amortization expense |
4.15 |
5.06 |
|
Other Expenses |
29.43 |
25.11 |
|
Total Expenses |
150.72 |
144.21 |
|
Profit/(loss) before tax |
11.91 |
15.49 |
|
Current tax |
2.79 |
4.71 |
|
Deferred Tax |
0.25 |
-0.77 |
|
Relating to earlier years |
- |
0.11 |
|
Profit/ Loss for the period |
8.87 |
11.44 |
|
Other comprehensive income |
|
|
|
Remeasurement losses of defined benefit plan |
-0.35 |
-0.53 |
|
Income tax relating to above |
0.09 |
0.13 |
|
Total comprehensive income for the year |
8.61 |
11.04 |
|
Earning per share |
|
|
|
Basic |
93.19 |
120.20 |
|
Diluted |
93.19 |
120.20 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Cash Flow from Operating Activities |
|
|
|
Net Profit/(loss) Before Tax |
8.87 |
11.44 |
|
Adjustment for -: |
|
|
|
Income tax expense recognised to profit or loss
account |
3.04 |
4.05 |
|
Depreciation and
amortisation |
4.15 |
5.06 |
|
(Gain) / loss of PPE |
-0.01 |
-0.02 |
|
Interest income recognised in profit and loss |
-2.35 |
-1.79 |
|
Employee stock option provisions |
0.16 |
0.10 |
|
Effect of unrealised expense |
-0.01 |
-0.01 |
|
Other interest cost |
0.20 |
0.51 |
|
Liabilities no longer required written back |
-1.83 |
- |
|
Interest on other financial assets carries at
amortised cost |
-0.06 |
-0.06 |
|
Bad debts written off |
0.01 |
0.16 |
|
Provision for warranty no longer required written
back |
-0.55 |
- |
|
Adjustment for change in working capital |
|
|
|
(increase)/decrease in trade and other
receivables |
-4.77 |
-7.23 |
|
(increase)/decrease in other financial assets |
-0.06 |
0.07 |
|
(increase)/decrease in inventories |
-1.38 |
0.52 |
|
(increase)/decrease in other assets |
0.12 |
2.41 |
|
Increase/(decrease) in trade payables |
-7.86 |
3.83 |
|
Increase/(decrease) in provisions |
0.31 |
2.67 |
|
Increase/(decrease) in other current liabilities |
-5.89 |
-1.15 |
|
Cashflow generated from operations |
-7.91 |
20.56 |
|
Direct taxes paid |
-5.26 |
-5.05 |
|
Net Cash from/(used in) Operating Activities |
-13.17 |
15.52 |
|
Cash Flow from Investing Activities |
|
|
|
Payment for PPE |
-4.18 |
-4.65 |
|
Proceeds from disposal of PPE |
0.04 |
0.03 |
|
Interest received |
2.21 |
1.79 |
|
Net Cash from / (used in) Investing Activities |
-1.93 |
-2.83 |
|
Cash Flow from Financing Activities |
|
|
|
Repayment of lease liabilities |
-0.92 |
-0.89 |
|
Net Cash from/(used in) Financing Activities |
-0.92 |
-0.89 |
|
Net Increase/decrease in Cash & cash
equivalents |
-16.02 |
11.80 |
|
Cash and cash equivalents at the beginning of the
year |
97.50 |
85.70 |
|
Cash and cash equivalents at the end of the year |
81.48 |
97.50 |
Summary of the Cash Flow Statement for the
years 2025 and 2024:
Operating Cash Flow Analysis
The most critical issue lies in operating activities,
where the company reported a negative cash flow of ₹13.17 crores, compared to a
positive ₹15.52 crores in FY 2023–24. Although the decline in profit before tax
was relatively small, the company struggled to convert its profits into actual
cash. This suggests inefficiencies in operational cash management rather than a
major drop in earnings. The deterioration in operating cash flow is mainly due
to adverse changes in working capital. The increase in trade receivables
indicates that more cash is tied up with customers and has not yet been
collected. At the same time, the company reduced its trade payables and other
current liabilities, meaning it paid out cash more quickly. This imbalance
between slower cash inflows and faster cash outflows significantly weakened the
company’s cash position.
Investing Activities
Investing cash flows remained relatively stable and do
not raise concerns. The company continued spending on property, plant, and
equipment, reflecting ongoing investment in its operations. Additionally,
interest income contributed positively, indicating efficient utilization of
surplus funds. Overall, investing activities appear consistent and well managed
Financing Activities
Financing activities were minimal, consisting mainly of
lease liability repayments. There were no major borrowings or financing
inflows, which suggests that the company maintains a conservative financial
structure and is not heavily dependent on external funding.
Overall Cash Flow Position
The cash flow statement of Honeywell Electrical Devices and Systems India Limited shows a significant decline in its cash position during FY 2024–25. The company recorded a net decrease in cash and cash equivalents of ₹16.02 crores, compared to a strong increase of ₹11.80 crores in the previous year. This sharp reversal indicates that the company faced challenges in maintaining healthy cash generation despite remaining profitable.
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Current ratio |
3.10 |
2.53 |
|
Return on equity |
7% |
10% |
|
Inventory turnover
ratio |
4.24 |
4.41 |
|
Trade receivables turnover ratio |
3.33 |
3.81 |
|
Trade payables turnover ratio |
2.78 |
2.66 |
|
Net capital turnover
ratio |
1.55 |
1.70 |
|
Net profit ratio |
6% |
7% |
|
Return on capital employed |
9% |
13% |
Summary of the Financial Ratios for the years
2025 and 2024:
Current Ratio
The current ratio of honeywell electrical devices and systems
india limited increased from 2.53 to 3.10, indicating an
improvement in the company’s short-term liquidity position. This means the
company has more than sufficient current assets to cover its current
liabilities. While this reflects financial stability, a very high ratio may
also suggest that assets are not being used efficiently.
Return on Equity
Return on equity declined from 10% to 7%, showing that
the company generated lower returns for its shareholders compared to the
previous year. This decrease indicates reduced profitability and efficiency in
utilizing shareholders’ funds.
Inventory Turnover Ratio
The inventory turnover ratio decreased slightly from
4.41 to 4.24. This suggests that inventory is moving more slowly than before,
which may point to weaker demand or less efficient inventory management.
Trade Receivables Turnover Ratio
The trade receivables turnover ratio fell from 3.81 to
3.33, indicating that the company is taking longer to collect payments from
customers. This aligns with the pressure seen in cash flows and reflects weaker
credit management.
Trade Payables Turnover Ratio
The trade payables turnover ratio increased from 2.66 to
2.78. This shows that the company is paying its suppliers more quickly, which
may improve supplier relationships but can also put pressure on cash flows.
Net Capital Turnover Ratio
The net capital turnover ratio declined from 1.70 to
1.55, indicating that the company is generating less revenue per unit of
capital employed. This reflects a decrease in operational efficiency.
Net Profit Ratio
The net profit ratio decreased from 7% to 6%, showing a
slight decline in profitability. This means the company is earning lower profit
for every rupee of revenue.
Return on Capital Employed
Return on capital employed dropped from 13% to 9%,
indicating reduced efficiency in using overall capital to generate profits.
This suggests that the company’s overall performance has weakened compared to
the previous year.
