| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Kashipur Holdings Limited |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Equity |
|
|
|
Share
Capital |
30.68 |
5.72 |
|
Share
Capital Suspense Account |
- |
24.96 |
|
Reserves
& Surplus |
288.43 |
180.77 |
|
Capital
Reserve on Consolidation |
812.09 |
812.09 |
|
Minority
interest |
1,120.10 |
1,018.38 |
|
Non-Current
Liabilities |
|
|
|
Long-term
borrowings |
1,040.09 |
725.07 |
|
Deferred
tax liabilities (Net) |
442.37 |
398.41 |
|
Other
Long Term Liabilities |
111.47 |
62.73 |
|
Long
Term Provisions |
6.08 |
5.57 |
|
Current
Liabilities |
|
|
|
Short
Term borrowings |
774.18 |
596.02 |
|
Trade
payables |
|
|
|
Total
Outstanding dues of micro enterprises and small enterprises |
0.16 |
0.16 |
|
Total
Outstanding dues of creditors other than above |
979.14 |
1,099.28 |
|
Other
current liabilities |
582.80 |
688.18 |
|
Short-term
provision |
3.03 |
2.74 |
|
Total
Equity & Liabilities |
6,190.69 |
5,620.13 |
|
Non-Current
Assets |
|
|
|
Property,
plant and equipment |
|
|
|
Tangible
assets |
3,828.19 |
3,199.11 |
|
Capital
work in progress |
98.38 |
83.55 |
|
Investment
property |
1.74 |
6.55 |
|
Other
intangible assets |
1.37 |
1.62 |
|
Investment
in joint venture |
381.30 |
335.14 |
|
Long
term loans and advances |
5.53 |
4.47 |
|
Other
non-current assets |
47.08 |
44.02 |
|
Current
assets |
|
|
|
Inventories |
1,170.88 |
1,106.28 |
|
Trade
receivables |
364.97 |
384.10 |
|
Cash
and bank balances |
86.03 |
138.11 |
|
Short
term loans and advances |
11.55 |
6.91 |
|
Other
current assets |
193.61 |
310.22 |
|
Total assets |
6,190.69 |
5,620.13 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Income |
|
|
|
Revenue
from Operations |
9,039.00 |
7,921.54 |
|
Other
Income |
14.85 |
26.04 |
|
Total
Income |
9,053.85 |
7,947.58 |
|
Expenses |
|
|
|
Cost of
materials consumed |
2,345.80 |
1,818.91 |
|
Excise
duty on sales |
5,270.68 |
4,627.57 |
|
Purchase
of stock in trade |
113.59 |
321.80 |
|
Change in inventories of finished goods, work in progress and stock in trade |
-51.54 |
8.10 |
|
Employee
Benefit Expenses |
125.81 |
104.68 |
|
Finance
Costs |
164.48 |
120.66 |
|
Depreciation
& amortization expense |
115.56 |
101.11 |
|
Other
Expenses |
728.58 |
641.85 |
|
Total
Expenses |
8,812.98 |
7,744.72 |
|
Share of net profit/(loss) of joint venture |
46.40 |
16.66 |
|
Profit/(Loss)
Before Tax |
287.27 |
219.52 |
|
Current
Tax |
18.89 |
12.98 |
|
Short/(excess)
provision of earlier years |
0 |
-0.13 |
|
Deferred
tax charged/(credit) |
43.88 |
39.48 |
|
Profit/(Loss)
after tax for the period |
224.49 |
167.18 |
|
Profit
attributable to |
|
|
|
Holding company |
110.47 |
81.38 |
|
Minority’s interest |
114.01 |
85.79 |
|
Earnings
per share |
|
|
|
Basic |
731.56 |
544.81 |
|
Diluted |
731.56 |
544.81 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Cash flows from operating activities |
|
|
|
Profit
before tax |
240.87 |
202.86 |
|
Adjustments for: |
|
|
|
Depreciation
and
amortization |
115.56 |
101.11 |
|
Profit/Loss
on Sale of Property, plant & equipment |
-1.01 |
-3.88 |
|
Net
Unrealized Foreign Exchange Fluctuation (Gain)/ Loss |
4.73 |
6.98 |
|
Govt
Gran |
-0.11 |
-0.11 |
|
Profit
on sale of Non-Current Investment |
- |
-0.17 |
|
Bad
Debt & Provision for doubtful debt |
- |
5.21 |
|
Provisions/Liabilities
no longer required written back |
-20.46 |
-0.21 |
|
Finance
costs |
165.85 |
123.48 |
|
Interest
income |
-14.38 |
-23.58 |
|
Operating
cash flow before working capital changes |
491.04 |
411.68 |
|
Changes in working capital |
|
|
|
(Increase)/Decrease
in loans and advances |
-1.40 |
-0.05 |
|
(Increase)/Decrease
in trade receivables and other assets |
171.14 |
62.13 |
|
(Increase)/Decrease
in Inventories |
-64.59 |
-352.45 |
|
Increase/(Decrease) in Trade payables and
other liabilities |
-221.66 |
322.18 |
|
Increase/(decrease) in provisions |
0.10 |
0.07 |
|
Cash generated from/(used in) operations |
374.62 |
443.57 |
|
Finance
costs paid |
-0.01 |
-0.58 |
|
Direct
taxes paid (net) |
-22.13 |
-13.45 |
|
Cash flow generated from/(used in)
operating activities |
352.47 |
429.53 |
|
Cash flows from investing activities |
|
|
|
Payments
for property, plant and equipment including capital advances |
-702.03 |
-544.51 |
|
Sale of
property, plant and equipment |
7.70 |
10.91 |
|
Sale consideration
received on Sale of Non-Current Investments |
- |
0.17 |
|
Interest
income received |
16.77 |
38.37 |
|
Cash flow generated from/(used in)
investing activities |
-677.55 |
-495.04 |
|
Cash flows from financing activities: |
|
|
|
Proceeds
from short term borrowings(net) |
10.00 |
- |
|
Net
Proceeds from Borrowings |
860.26 |
463.30 |
|
Repayment
of Borrowings |
-376.74 |
-236.47 |
|
Finance
Costs |
-165.31 |
-122.86 |
|
Dividends
Paid |
-14.93 |
-13.87 |
|
Cash flow generated from/(used in)
Financing activities |
313.27 |
90.09 |
|
Net increase/(decrease)
in cash and cash equivalents |
-11.80 |
24.58 |
|
Cash
and cash equivalents at the beginning of the year |
27.22 |
2.64 |
|
Cash and cash equivalents at the end of
the year |
15.42 |
27.22 |
Summary of the Cash Flow Statement
for the years 2025 and 2024:
Cash
Flow from Operating Activities
Cash flow from
operating activities reflects the company’s ability to generate cash from its
core business operations. During FY2025, the company reported a profit before tax of ₹240.87 crore,
higher than ₹202.86
crore in FY2024, indicating improved operating performance.
After adjusting for non-cash and non-operating items such as depreciation, finance costs, and
foreign exchange fluctuations, and deducting items like interest income and profit on sale of
assets, the operating
cash flow before working capital changes increased to ₹491.04 crore from
₹411.68 crore in the previous year, showing stronger
operational earnings.
However, changes in
working capital affected the overall cash generation. The company recorded a significant reduction in trade
receivables and other assets of ₹171.14 crore, which supported
cash inflow, while inventories
increased by ₹64.59 crore, tying up funds in stock. In
addition, trade
payables and other liabilities decreased by ₹221.66 crore,
indicating repayment of outstanding obligations and resulting in cash outflow.
After accounting for these working capital adjustments and deducting tax payments of ₹22.13 crore,
the net cash flow from
operating activities stood at ₹352.47 crore in FY2025, compared
to ₹429.53 crore in
FY2024, reflecting a decline mainly due to working capital
outflows despite improved profitability.
Investing
Activities
The company recorded
significant cash
outflows in investing activities, mainly due to capital
expenditure. Payments
for property, plant, and equipment amounted to ₹702.03 crore,
compared with ₹544.51
crore in FY2024, indicating aggressive expansion or capacity
addition. The company also received ₹7.70
crore from the sale of fixed assets and ₹16.77 crore as interest income.
Overall, net cash used
in investing activities was ₹677.55 crore, higher than the ₹495.04 crore outflow in FY2024,
suggesting increased investment in long-term assets.
Financing
Activities
Financing activities
generated net cash
inflow of ₹313.27 crore in FY2025, significantly higher than ₹90.09 crore in FY2024.
The company raised ₹860.26
crore through borrowings and ₹10 crore from short-term borrowings,
indicating reliance on debt financing to support capital expenditure and
operations. However, it also repaid
borrowings worth ₹376.74 crore, paid finance costs of ₹165.31 crore,
and distributed dividends
of ₹14.93 crore. The net inflow reflects the company’s strategy
of increasing leverage to fund its investment plans.
Net
Change in Cash Position
Due to heavy capital expenditure and working capital adjustments, the company recorded a net decrease in cash and cash equivalents of ₹11.80 crore in FY2025, compared with a net increase of ₹24.58 crore in FY2024. Consequently, cash and cash equivalents declined from ₹27.22 crore at the beginning of the year to ₹15.42 crore at the end of FY2025. This indicates that the company utilized a portion of its liquidity to fund expansion and operational needs.
|
Particulars |
2025 |
2024 |
|
Current
Ratio |
0.59 |
0.88 |
|
Debt
Equity Ratio |
11.69% |
- |
|
Return
on equity |
5.43% |
4.38% |
|
Return
on Capital Employed |
6.69% |
6.71% |
Summary of the financial ratios for the year 2025 and 2024:
Current Ratio:
The current ratio declined from 0.88 in FY2024 to 0.59 in FY2025,
indicating a weakening liquidity position of the company. A ratio below 1
suggests that current liabilities exceed current assets, which may affect the
company’s ability to meet its short-term obligations. The decrease reflects
higher short-term liabilities or lower current assets during the year.
Debt–Equity Ratio:
The debt–equity ratio stood at 11.69% in FY2025, whereas no debt was
reported in FY2024. This indicates that the company introduced a small amount
of borrowings during the year. However, the ratio remains relatively low,
suggesting that the company continues to rely primarily on shareholders’ funds
rather than external debt financing.
Return on Equity:
Return on equity increased from 4.38% in FY2024 to 5.43% in FY2025,
reflecting an improvement in the company’s ability to generate returns on
shareholders’ funds. Although the increase indicates better profitability, the
overall return remains moderate.
Return on Capital Employed:
Return on capital employed remained almost stable, marginally decreasing from 6.71%
in FY2024 to 6.69% in FY2025. This indicates that the company maintained a
consistent level of efficiency in utilizing its total capital to generate
operating profits during the year.
