JCK Infrastructure Latest Annual Report, Balance Sheet and Financials

JCK Infrastructure Development Consolidated Balance Sheet (Rs in Lakhs)

Particulars	3/31/2025	3/31/2024
Non-current Assets
Property, Plant and equipment	321.86	294.54
Lease hold improvement	22.74	5.69
Right to use of assets	155.09	255.24
Capital work in progress	5.61	5.61
Investments	418.49	504.89
Trade Receivables	1.35	1.35
Loans and Advances	53.36	89.61
Deferred tax assets	93.45	50.42
Current Assets
Inventories	266.44	73.79
Trade Receivables	355.11	416.21
Cash and Cash equivalents	98.18	200.64
Bank balance other than above	0.63	0.66
Loans and Advances	691.53	756.56
Other financial assets	491.42	440.18
Current tax assets	54.83	39.38
Other current assets	231.23	136.71
Total Assets	3261.32	3,271.48
Equity
Equity Share capital	416.67	416.67
Other Equity	542.22	643.46
Non-current liabilities
Borrowings	90.13	52.68
Lease liabilities	170.87	269.83
Provisions	296.65	541.22
Other non-current liabilities	0.66	0.29
Current Liabilities
Borrowings	366.87	357.80
Lease liabilities	9.98	9.98
Trade Payables:
Total outstanding dues other than Micro and small enterprises	153.52	69.18
Other current liabilities	1209.22	910.37
Provisions	4.53	-
Total Equity & Liabilities	3261.32	3,271.48

JCK Infrastructure Development Consolidated Profit & Loss Statement (Rs in Lakhs)

Particulars	3/31/2025	3/31/2024
Income
Revenue from Operations	725.95	804.32
Other Income	136.99	101.35
Total Income	862.94	905.67
Expenses
Cost of land & development charges	444.10	616.33
Increase/(Decrease) in inventory	-192.65	-73.79
Employee benefits expenses	207.62	224.84
Depreciation and amortization expenses	144.20	133.10
Finance cost	62.83	71.12
Other expenses	351.77	301.13
Total Expenses	1017.87	1,272.73
Profit Before tax	-154.93	-367.06
Current tax		-
Tax expenses-prior period	5.86	-1.05
Deferred tax	-43.02	-41.72
Profit After Tax	-117.77	-324.29
Share or profit associates	-	0.50
Profit/(Loss) for the years	-117.77	324.79
Other Comprehensive Income (OCI)
A (i) Items that will not be reclassified to  profit or loss - Remeasurement of Defined Benefit Plans	16.53	-
Other Comprehensive Income for the period	16.53
Total comprehensive Income for the period	-101.24	-324.79
Easrnings per equity share
Basic	-2.43	-7.80
Diluted	-2.43	-7.80

JCK Infrastructure Development Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	3/31/2025	3/31/2024
Cash Flow from Operating Activities
Net Profit/(Loss) before taxation and extraordinary item	-154.93	-367.05
Adjustments for reconcile profit/(Loss):
Adjustments for Finance Cost	-192.65
Adjustments for Decrease (Increase) in Inventories	-	-73.79
Adjustments for Decrease (Increase) in Trade Receivables, Current	61.11	460.28
Adjustments for Decrease (Increase) in Other Current Assets	-94.51	-71.89
Adjustments for Other Financial Assets, Current	-51.24	-52.82
Adjustments for Increase (Decrease) in Trade Payables, Current	84.33	26.28
Adjustments for Increase (Decrease) in other Current Liabilities	303.15	-32.83
Adjustments for Increase (Decrease) in other Non Current Liabilities	0.36	-4.76
Adjustment for Depreciation and Amortization Expenses	144.20	133.10
Adjustments for Provisions, Current	-244.56	21.48
Adjustments for Tax Assets	-15.45	-37.87
Adjustment for Lease Liability Current	-	1.48
Adjustment for Lease Liability Non Current	-199.13	-33.62
Adjustments for Loans & Advances	101.29	-183.05
Total adjustments for reconcile profit/(Loss)
Cash generated from operations	16.53	-
Share of Profit or Loss from Associates	72.93
Interest Paid	62.83	71.12
Interest Income	-37.21	-30.10
Income taxes paid (refund)	-5.86	1.05
Net cash flow from operating activities	-144.28	-215.95
Cash flows from Investing activities
Purchase of property, plant and equipment	-2.76	-5.59
Proceeds from Property Plant and Equipment	14.50	-
Changes in capital work in progress (Others)	-	214.73
Interest received	37.21	30.10
Investment in securities	13.47	64.52
Sale of preference shares	-	40.00
Basic balances other than cash equipment’s	0.04	-0.66
Net cash used in Investing activities	62.46	343.10
Cash flows from Financing activities
Proceeds from borrowings	42.21	-16.06
Interest paid	-62.83	-71.12
Net Cash Flow from Financing activities	-20.62	-87.18
Net Increase/Decrease in Cash and cash equivalents	-102.44	39.99
Cash and Cash Equivalents at beginning of the year	200.64	160.65
Cash and Cash Equivalents as at end of the year	98.20	200.64

Cash Flow Statement Analysis – JCK Infrastructure Development Limited
(All amounts in INR Lakhs unless otherwise stated)

Cash Flow from Operating Activities

The Company reported a net loss before tax of ₹154.93 lakhs during FY 2024–25 compared with a loss of ₹367.05 lakhs in FY 2023–24. Despite the reduction in losses, operating cash flow remained negative at ₹144.28 lakhs (previous year: negative ₹215.95 lakhs), indicating continued pressure on core business cash generation.

Working capital movements had a mixed impact. Improvement in trade receivables (₹61.11 lakhs) and an increase in trade payables (₹84.33 lakhs) supported liquidity, while increases in other current assets and financial assets reduced cash availability. Depreciation of ₹144.20 lakhs provided a non-cash buffer to operating cash flows. Significant adjustments were also seen in provisions, lease liabilities, and loans & advances, reflecting ongoing balance sheet restructuring and operational realignment.

Overall, the operating segment continues to consume cash, though the extent of outflow has moderated compared to the previous year, suggesting gradual stabilization in operational performance.

Cash Flow from Investing Activities

Net cash inflow from investing activities stood at ₹62.46 lakhs in FY 2024–25 compared with a strong inflow of ₹343.10 lakhs in FY 2023–24.

During the year, inflows were driven primarily by proceeds from sale of property, plant and equipment and returns from investments, including interest received and movement in securities. Capital expenditure remained limited, with only ₹2.76 lakhs invested in fixed assets. The previous year’s higher inflow was largely attributable to changes in capital work-in-progress and sale of preference shares.

The investing profile indicates a cautious capital allocation approach, with emphasis on asset rationalisation and liquidity preservation rather than expansionary spending.

Cash Flow from Financing Activities

Financing activities resulted in a net cash outflow of ₹20.62 lakhs in FY 2024–25 compared with an outflow of ₹87.18 lakhs in the previous year.

The Company raised borrowings of ₹42.21 lakhs during the year; however, this was offset by interest payments of ₹62.83 lakhs, resulting in a net outflow. The reduced financing outflow compared to the prior year suggests a relatively stable funding position and controlled leverage movements.

Overall Cash Position

Overall, cash and cash equivalents declined by ₹102.44 lakhs during FY 2024–25, closing at ₹98.20 lakhs as against ₹200.64 lakhs at the end of FY 2023–24.

The decrease was primarily attributable to negative operating cash flows, partially offset by inflows from investing activities and moderated financing outflows. While the Company continues to face operational cash constraints, the improvement in operating losses and disciplined investment and financing decisions reflect efforts toward financial stabilization and liquidity management.

Financial Ratios of JCK Infrastructure Development

Particulars	2025	2024
Current Ratio (In times)	1.31	1.27
Debt equity ratio	1.45	3.3
Debt service coverage ratio	-9.50	-70.81
Return on equity	0.06	0.06
Trade receivables turnover ratio	1.88	1.24
Trade payables turnover ratio	4	11
Net capital turnover ratio	1.63	4.58
Net profit ratio	-	-40.32
Return on capital employed	-0.14	-0.32
Return on Investment	-32.09	-2.31

Key Financial Ratios Analysis – JCK Infrastructure Development Limited

The following ratio analysis reflects the Company’s financial position, operational efficiency and profitability trends during the year under review, indicating a phase of financial stabilization and restructuring.

Liquidity Position

Current Ratio
The current ratio improved marginally to 1.31 times in FY 2024–25 from 1.27 times in FY 2023–24. This indicates a stable short-term liquidity position and an adequate ability to meet current obligations through current assets. The improvement reflects better working capital alignment and operational discipline.

Capital Structure & Solvency

Debt–Equity Ratio
The debt–equity ratio declined significantly to 1.45 times from 3.30 times in the previous year, demonstrating a reduction in financial leverage and improved capital structure stability. This suggests a conscious effort toward balance sheet strengthening and lower dependence on external borrowings.

Debt Service Coverage Ratio (DSCR)
The DSCR remained negative at (9.50) times, though substantially improved from (70.81) times in FY 2023–24. The negative ratio reflects pressure on earnings relative to debt servicing obligations; however, the sharp improvement indicates progress toward financial stabilization.

Profitability Ratios

Return on Equity (ROE)
ROE remained stable at 0.06 times, indicating marginal returns to shareholders. The consistency suggests limited but stable earnings performance amid restructuring efforts.

Net Profit Ratio
The Company continued to report negative margins, reflecting operational losses. However, the absence of a steep negative margin compared to the prior year suggests improvement in cost control and operating efficiency.

Return on Capital Employed (ROCE)
ROCE improved to (0.14) from (0.32), indicating better utilisation of capital despite continued losses. The trend reflects gradual operational correction and efficiency initiatives.

Return on Investment (ROI)
ROI declined to (32.09) compared with (2.31) in the previous year, reflecting subdued returns from investments and the impact of operating losses during the year.

Efficiency Ratios

Trade Receivables Turnover Ratio
The ratio improved to 1.88 times from 1.24 times, indicating enhanced collection efficiency and better management of receivables, which supports liquidity.

Trade Payables Turnover Ratio
The ratio declined to 4 times from 11 times, reflecting longer credit periods availed from suppliers and strategic working capital management during the year.

Net Capital Turnover Ratio
This ratio decreased to 1.63 times from 4.58 times, indicating lower utilisation of working capital for revenue generation. This is attributable to subdued operational activity and ongoing restructuring.

Overall Interpretation

The ratio profile of JCK Infrastructure Development Limited reflects a transitional phase marked by improved liquidity, reduced leverage, and better receivable management. While profitability and debt servicing indicators remain under pressure due to continued operational losses, notable improvements in capital structure and working capital management demonstrate management’s focus on financial stabilization.

With sustained operational recovery, cost optimization and prudent capital allocation, the Company is positioned to progressively strengthen its financial performance and enhance stakeholder value over the medium to long term.