| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Indofil Industries Limited |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Non-current
liabilities |
|
|
|
Property,
plant and equipment |
552.90 |
573.68 |
|
Capital
work-in-progress |
11.48 |
11.42 |
|
Goodwill
arising on consolidation |
13.69 |
13.69 |
|
Right-of-use
assets |
18.39 |
19.27 |
|
Other
intangible assets |
98.41 |
113.15 |
|
Intangible
assets under development |
128.85 |
126.91 |
|
Investment
in Joint venture |
222.07 |
191.28 |
|
Other
Investments |
4,507.76 |
2,083.34 |
|
Loans |
0.03 |
0.13 |
|
Other
financial assets |
33.20 |
15.20 |
|
Deferred
tax assets (net) |
3.76 |
8.01 |
|
Income
tax assets |
24.24 |
14.01 |
|
Other
non-current assets |
10.92 |
5.33 |
|
Current
assets |
|
|
|
Inventories |
584.57 |
525.29 |
|
Investments |
37.77 |
58.30 |
|
Trade
receivables |
1,109.09 |
902.88 |
|
Cash
and cash equivalents |
434.05 |
358.15 |
|
Other
bank balances |
100.84 |
48.42 |
|
Loans |
0.03 |
0.06 |
|
Other
financial assets |
28.04 |
9.11 |
|
Current
tax assets (net) |
- |
12.45 |
|
Other
current assets |
82.30 |
66.25 |
|
Assets
classified as held for sale |
0.20 |
0.30 |
|
Total
Assets |
8,002.59 |
5,156.63 |
|
Equity |
|
|
|
Equity
share capital |
22.73 |
21.35 |
|
Other
equity |
6,476.50 |
3,972.61 |
|
Non-controlling
interests |
- |
0.39 |
|
Total
equity |
6,499.23 |
3,994.35 |
|
Non-current
liabilities |
|
|
|
Borrowings |
1.40 |
53.32 |
|
Lease
liabilities |
0.68 |
1.00 |
|
Other
financial liabilities |
17.65 |
16.07 |
|
Deferred
tax liabilities (net) |
588.70 |
209.30 |
|
Provisions |
11.10 |
10.83 |
|
Current
liabilities |
|
|
|
Borrowings |
235.99 |
309.97 |
|
Trade
payables |
|
|
|
Total
outstanding dues of micro enterprises and small enterprises; and |
52.40 |
23.15 |
|
Total
outstanding dues of creditors other than micro enterprises and small
enterprises |
468.48 |
454.04 |
|
Lease
liabilities |
0.27 |
0.23 |
|
Other
financial liabilities |
48.93 |
8.72 |
|
Other
current liabilities |
62.07 |
67.53 |
|
Provisions |
9.34 |
6.31 |
|
Current
tax liabilities (net) |
6.35 |
1.81 |
|
Total
Equity and Liabilities |
8,002.59 |
5,156.63 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Income |
|
|
|
Revenue
from operations |
3,324.73 |
3,068.77 |
|
Other
income |
94.49 |
49.94 |
|
Total
income |
3,419.22 |
3,118.71 |
|
Expenses |
|
|
|
Cost
of materials consumed |
1,684.86 |
1,427.50 |
|
Purchase
of stock-in-trade |
247.15 |
269.03 |
|
Changes
in inventories of finished goods, work-in-progress and stock-in
trade |
-73.80 |
137.03 |
|
Employee
benefits expense |
256.65 |
218.66 |
|
Finance
costs |
25.56 |
39.34 |
|
Depreciation
and amortization expenses |
91.70 |
89.36 |
|
Other
expenses |
668.50 |
574.11 |
|
Total
Expenses |
2,900.62 |
2,755.03 |
|
Profit
before tax |
518.60 |
363.68 |
|
Current
tax |
139.63 |
87.72 |
|
Deferred
tax (credit)/charge |
-6.50 |
4.10 |
|
Tax
in respect earlier years |
3.69 |
-2.06 |
|
Profit
after tax for the year |
381.78 |
273.92 |
|
Share
of profit of joint ventures |
78.82 |
63.04 |
|
Income
tax on above items |
-8.32 |
-4.80 |
|
Profit
for the year |
452.28 |
332.16 |
|
Other
comprehensive income |
|
|
|
Items
that will not be reclassified to profit or loss |
|
|
|
Re-measurement
gains/ (losses) on defined benefit obligation |
-2.32 |
0.55 |
|
Fair
Value changes of investments in equity instruments |
2,409.80 |
831.29 |
|
Income
tax on above items |
-381.10 |
-96.78 |
|
Items
that will be reclassified to profit or loss |
|
|
|
The
effective portion of gains on hedging instruments in a cash flow hedge |
10.72 |
12.58 |
|
Foreign
Currency Translation Reserve (FCTR) |
9.37 |
15.70 |
|
Income
Tax on above items |
-2.70 |
-3.17 |
|
Total
other comprehensive income/(loss) for the year |
2,043.76 |
759.07 |
|
Total
comprehensive income for the year |
2,496.04 |
1,091.23 |
|
Earnings
per equity share of nominal value 10 each- basic and diluted |
203.92 |
155.57 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Cash
Flow from operating activities: |
|
|
|
Profit
before exceptional items and tax |
518.60 |
363.68 |
|
Add
/ (Less): - Adjustments for non-cash / non-operating items: |
|
|
|
Depreciation
and amortization expenses |
91.70 |
89.36 |
|
Finance
costs |
25.56 |
39.34 |
|
Interest
income |
-17.98 |
-9.05 |
|
Dividend
income |
-59.56 |
-28.82 |
|
Sundry
balances/Bad debts written off |
0.15 |
0.71 |
|
Profit
on sale of current investments measured at fair value through profit &
Loss |
-5.92 |
-4.31 |
|
Credit
balances/unclaimed liabilities/provisions written back |
-1.31 |
-3.59 |
|
Loss
on disposal/discard of property, plant and equipment (net) |
0.28 |
0.04 |
|
Provision
for impairment / written off of intangible assets/ intangible asset under
development |
4.22 |
2.29 |
|
Intangible
assets and intangible asset under development written off |
10.57 |
0.16 |
|
Loss
arising from financial instruments designated as fair value through profit or
loss |
-3.38 |
-2.48 |
|
Provision
for doubtful debts, advances and security deposits |
4.03 |
2.69 |
|
Guarantee
commission |
-0.31 |
-0.43 |
|
Unrealized
foreign exchange (gain) / loss |
8.53 |
20.37 |
|
Operating
profit before changes in working capital |
575.17 |
469.96 |
|
Adjustment
for changes in working capital |
|
|
|
(Increase)/decrease
in inventories |
-59.28 |
163.60 |
|
(Increase)
/ decrease in trade receivables |
-203.29 |
-141.91 |
|
Increase
in other financial assets |
-15.81 |
-12.58 |
|
(Increase)/
decrease in loans |
0.13 |
0.06 |
|
(Increase)/
decrease in other current and non-current assets |
-17.46 |
-7.85 |
|
Increase
/ (decrease) in trade payables |
83.98 |
42.57 |
|
Increase/
(decrease) in other financial liabilities |
1.13 |
-4.28 |
|
Increase/
(decrease) in other current and non-current liabilities |
3.03 |
17.70 |
|
Decrease
in current and non-current provisions |
0.98 |
-7.78 |
|
Cash
generated from operations |
368.58 |
519.49 |
|
Less:
Taxes paid (net of refund received) |
-136.49 |
-92.85 |
|
Net
cash generated from / (used in) operating activities |
232.09 |
426.64 |
|
Cash
flow from investing activities: |
|
|
|
Payment
for purchases of property, plant and equipment and intangible assets |
-78.81 |
-66.52 |
|
Proceeds
from sale of property, plant and equipment and right-of-use assets |
0.59 |
1.42 |
|
Purchase
of non-current investment |
-10.10 |
-25.93 |
|
Interest
received |
16.23 |
9.14 |
|
Proceeds
from current investments (net) |
26.35 |
36.31 |
|
Bank
deposits not considered as cash and cash equivalents |
-52.42 |
42.62 |
|
Dividend
income |
85.76 |
50.65 |
|
Net
cash generated from / (used in) investing activities |
-12.40 |
47.69 |
|
Cash
flow from financing activities: |
|
|
|
Repayment
of non-current borrowings |
-65.95 |
-72.94 |
|
Repayment
of current borrowings (net) |
-62.99 |
-123.38 |
|
Proceeds
of non-current borrowings |
0.54 |
1.36 |
|
Proceeds
from issue of equity shares (including securities premium) |
36.27 |
- |
|
Finance
costs paid |
-23.91 |
-39.60 |
|
Payment
of principal portion of the lease liabilities |
-0.21 |
-0.72 |
|
Payment
of interest portion of the lease liabilities |
-0.10 |
-0.06 |
|
Dividend
paid |
-27.28 |
-21.35 |
|
Acquisition
of non-controlling interest |
-0.16 |
- |
|
Net
cash used in financing activities |
-143.79 |
-256.69 |
|
Net
increase/(decrease) in cash and cash equivalents |
75.90 |
217.64 |
|
Add:
Cash and cash equivalents at the beginning of the year |
358.15 |
140.51 |
|
Cash
and cash equivalents at the end of the year |
434.05 |
358.15 |
Summary of the Cash Flow Statement for the years 2025
and 2024:
Cash Flow
from Operating Activities
Indofil generated a net operating cash flow of ₹232.09 crores in FY 2025, which
is a significant decline compared to ₹426.64 crores in FY 2024. While profit
before tax and exceptional items increased to ₹518.60 crores (from ₹363.68
crores), higher working capital requirements consumed a large part of the cash.
Notably, trade receivables rose sharply (₹203.29 crores), and inventories also
increased (₹59.28 crores), which reduced operating liquidity. In addition,
higher tax outflows of ₹136.49 crores further constrained operating cash. This
indicates that although profitability improved, cash conversion from operations
weakened due to heavy funds tied up in receivables and stock.
Cash Flow
from Investing Activities
The company reported a net cash outflow of ₹12.40 crores from investing
activities in FY 2025, a reversal from a positive inflow of ₹47.69 crores in FY
2024. This change was driven by increased capital expenditure of ₹78.81 crores
(versus ₹66.52 crores last year) and higher bank deposits, which absorbed
₹52.42 crores compared to an inflow of ₹42.62 crores in FY 2024. On the
positive side, Indofil earned higher dividend income of ₹85.76 crores (up from
₹50.65 crores) and received proceeds from current investments worth ₹26.35
crores. The negative balance reflects the company’s reinvestment in assets and
higher deposit placements despite stronger investment income.
Cash Flow
from Financing Activities
Financing activities saw a net outflow of ₹143.79 crores in FY 2025, lower than
the outflow of ₹256.69 crores in FY 2024. The company repaid both non-current
borrowings (₹65.95 crores) and current borrowings (₹62.99 crores), although
repayments were less steep compared to the previous year. On the other hand,
equity issuance contributed ₹36.27 crores, providing fresh funds. Dividend
payouts increased to ₹27.28 crores, and interest plus lease payments amounted
to nearly ₹24 crores. Overall, Indofil reduced its reliance on debt, partly
balanced by equity infusion, but continued its shareholder payouts, showing a
healthier financing mix compared to last year.
Net Cash
Position
The company’s overall cash and cash equivalents rose by ₹75.90 crores during FY
2025, compared to a much higher increase of ₹217.64 crores in FY 2024. Closing
cash stood at ₹434.05 crores as of March 2025, up from ₹358.15 crores. The
slower growth in cash reserves this year was mainly due to weaker operating
cash flows and higher investment in assets, partly cushioned by controlled
financing outflows. This suggests that while Indofil remains cash-positive with
a strong balance, future growth will require better working capital management
to sustain healthy operating cash generation.
|
Particulars |
2025 |
2024 |
|
Current
Ratio (in times) |
2.62 |
2.25 |
|
Debt/Equity
Ratio (in times) |
0.08 |
0.16 |
|
Debt
service coverage ratio (In times) |
7.58 |
4.8 |
|
Return
on equity ratio (%) |
15.52% |
12.49% |
|
Inventory
turnover ratio (In days) |
86 |
98 |
|
Debtor’s
turnover (No. of days) |
111 |
113 |
|
Payables
turnover (No. of days) |
92 |
91 |
|
Net
Capital Turnover (in times) |
2.42 |
2.86 |
|
Net
profit margin (%) |
10.71% |
8.23% |
|
Return
on capital employed (%) |
19.21% |
14.93% |
|
Return
on Investments (%) |
0.71% |
0.88% |
Summary of the financial ratios of Indofil
Industries Limited for the year 2025 and 2024:
Current Ratio
The current ratio improved to 2.62 in FY 2025 from 2.25 in FY 2024, showing
that the company’s short-term liquidity position strengthened. This indicates
Indofil has more than adequate current assets to cover its current liabilities,
reflecting strong working capital support and reduced short-term financial
risk.
Debt-to-Equity
Ratio
The debt-to-equity ratio declined to 0.08 in FY 2025 from 0.16 in FY 2024. This
sharp reduction signals a conscious move towards deleveraging, with lower
dependence on borrowed funds. The company is relying more on equity and
internal accruals, thereby improving financial stability and reducing interest
burden.
Debt Service
Coverage Ratio (DSCR)
DSCR rose significantly to 7.58 times in FY 2025 from 4.8 times in FY 2024.
This reflects a stronger ability to meet debt obligations comfortably out of
operating profits. The jump highlights the company’s improved profitability and
lower finance costs, which greatly strengthen creditworthiness.
Return on
Equity (ROE)
ROE increased to 15.52% in FY 2025 from 12.49% in FY 2024. This indicates
better returns being generated for shareholders on their invested capital,
driven by higher net profits and efficient use of equity capital. It reflects
value creation for equity holders.
Inventory
Turnover Ratio (in days)
Inventory days reduced to 86 in FY 2025 from 98 in FY 2024, showing faster
conversion of stock into sales. This improvement highlights better inventory
management and demand alignment, leading to lower holding costs and improved
operational efficiency.
Debtor’s
Turnover (in days)
Debtor days marginally improved to 111 in FY 2025 from 113 in FY 2024. While
the improvement is small, it indicates slightly faster collections from
customers, suggesting tighter credit control and better cash flow efficiency.
Payables
Turnover (in days)
Payable days remained broadly stable at 92 in FY 2025 compared to 91 in FY
2024. This shows the company is maintaining consistent payment cycles with
suppliers. Stable creditor terms suggest balanced supplier relationships
without undue pressure.
Net Capital
Turnover
Net capital turnover dropped to 2.42 times in FY 2025 from 2.86 times in FY
2024, reflecting a lower efficiency in generating revenue from working capital
employed. The decline points to higher funds locked in receivables and
inventory, which slowed down asset productivity despite revenue growth.
Net Profit
Margin
Net profit margin rose sharply to 10.71% in FY 2025 from 8.23% in FY 2024. This
improvement highlights enhanced cost control, higher profitability from
operations, and better overall efficiency in converting revenue into profits.
Return on
Capital Employed (ROCE)
ROCE improved significantly to 19.21% in FY 2025 from 14.93% in FY 2024. This
indicates that the company utilized its overall capital base—including both
debt and equity—more efficiently, delivering higher operating returns. It
reflects strong operational and financial performance.
Return on
Investments (ROI)
ROI slightly declined to 0.71% in FY 2025 from 0.88% in FY 2024. This shows
that returns from investments were weaker despite higher dividend income
recorded in cash flow, possibly due to larger investments being made, which
diluted returns. It suggests the company is prioritizing reinvestment over
maximizing immediate investment yields.
