Kurlon Enterprise Limited (Kurlon Enterprise) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Kurlon Enterprise Limited

Kurlon Enterprise Limited Standalone Balance Sheet (in Crores)

Particulars	31/03/2025	31/03/2024
Non-Current Assets
Property, Plant and Equipment	169.37	248.49
Right of use assets	16.71	29.47
Capital work-in-progress	14.70	0.55
Other intangible assets	0.86	1.21
Investments in subsidiaries	17.72	17.72
Other financial assets	4.44	7.48
Deferred Tax Assets (Net)	14.08	-
Non Current Tax Assets (Net)	14.35	13.44
Other non-current assets	1.91	0.27
Current Assets
Inventories	44.39	85.39
Investments	-	10.28
Trade receivables	41.74	77.46
Cash and cash equivalents	4.21	1.15
Bank Balances other than above	1.88	2.22
Other financial assets	1.55	1.10
Other Current assets	71.73	21.79
Asset held for sale/Assets included in disposal group(s) held for sale	43.21	-
Total	462.85	518.02
Equity
Equity Share capital	18.28	18.28
Other equity	275.73	276.40
Non-current Liabilities
Lease liabilities	4.74	17.50
Other financial liabilities	45.49	54.24
Provisions	9.35	5.56
Deferred tax liabilities (net)	-	1.43
Current Liabilities
Borrowings	-	0.12
Lease liabilities	2.55	3.19
Trade Payables:
Total outstanding dues to Micro Enterprises and Small	3.81	0.92
Total outstanding dues of creditors other than Micro Enterprises and Small Enterprises	67.65	119.66
Other financial liabilities	11.68	6.27
Provisions	7.38	8.47
Current tax liabilities (net)	-	0.10
Other Current Liabilities	16.19	5.88
Total	462.85	518.02

Kurlon Enterprise Limited Standalone Profit and Loss Statement (in Crores)

Particulars	31/03/2025	31/03/2024
Income
Revenue from operations	602.94	800.32
Other Income	41.63	7.37
Total Income	644.57	807.69
Expenses
Cost of Material Consumed	316.60	393.37
Purchase of Stock-in-trade	75.66	71.58
Changes in Inventories of Finished Goods, Stock-in-trade and work-in-progress	29.82	1.68
Other manufacturing expenses	48.67	54.29
Employee benefits expense	52.05	57.86
Finance Costs	2.01	2.89
Depreciation and amortization expense	29.48	15.95
Other expenses	127.93	238.64
Total Expenses	682.22	836.26
(Loss) before tax and Exceptional items	-37.65	-28.57
Exceptional items	18.68	-22.04
(Loss) before tax	-18.97	-50.61
Tax Expense - related to earlier years	-0.10	-
Deferred Tax	-16.19	-4.96
(Loss) for the period	-2.68	-45.65
Other Comprehensive Income
Remeasurements gain / (loss) of the net defined benefit plans	2.68	-3.14
Income tax on above item	-0.67	-0.10
Total Comprehensive (Loss) for the year	-0.67	-48.89
Earnings per share
Basic	-0.73	-12.49
Diluted	-0.73	-12.49

Kurlon Enterprise Limited Standalone Cash Flow Statement (in Crores)

Particulars	31/03/2025	31/03/2024
Cash flow from operating activities
Net Profit/(Loss) before tax	-18.97	-50.61
Adjustments:
Depreciation and Amortisation expense	29.48	15.95
Finance Costs	2.01	2.16
Liabilities/provisions no longer required written back	-0.12	-5.24
Provision for warranty	6.97	2.37
Money received as settlement claim	-35.70	-
Advances/Balances written off	-	18.70
Bad debts written off	-	0.05
Unrealised foreign exchange (gain) (net)	-0.11	-
Fair value (gain) on investments (net)	-	-0.15
(Profit) on sale of investments (net)	-0.12	-0.26
Loss on sale of property, plant and equipment (net)	1.66	14.99
Gain on early termination of lease	-2.94	-0.11
Goodwill written off	-	21.03
Rental Income	-	-0.08
Interest income	-0.29	-0.39
Operating profit before working capital changes	-18.13	18.41
Movements in working capital:
Increase /(decrease) in Inventories	41.00	-6.48
Increase /(decrease) in loans and trade receivables	35.72	-18.73
Decrease/ (Increase) in other financial and non-financial assets	-11.65	56.19
Decrease/ (Increase) in trade payables	-49.12	0.82
(Increase) /decrease in other financial liabilities, non-financial liabilities and provisions	4.10	-0.48
Cash generated from operations	1.92	49.73
Income Taxes Paid (Net)	-0.90	-6.75
Net Cash flow from operating activities	1.02	42.98
Cash Flow from Investing Activities
Purchase of property, plant and equipment and change in capital work in progress	-30.69	-42.97
Proceeds from sale of Property, Plant and Equipment	26.85	4.94
Creditors for capital goods (net of capital advances )	-0.13	14.83
Investment in shares of Subsidiary Companies	-	0.14
Investment in mutual funds (net)	10.40	6.16
Repayment of loans by Subsidiary Company	-	2.16
(Investment)/Proceeds from Bank deposits	0.34	-0.73
Interest income received	0.29	0.40
Rental income received (short term lease)	-	0.08
Net Cash flow from / (used in) Investing activities	7.06	-14.99
Cash flow from Financing Activities
Net repayment of short-term borrowings	-0.12	-16.49
Payment of lease liabilities (principal and interest)	-4.39	-5.14
Finance costs	-0.51	-0.77
Dividend paid	-	-6.58
Net Cash flow from / (used in) Financing activities	-5.02	-28.98
Net increase/(decrease) in cash and cash equivalents	3.06	-0.99
Cash and cash equivalents at the beginning of the year	1.15	2.14
Cash and cash equivalents at the end of the year	4.21	1.15

Here is a summary of the Cash Flow Statement for the years 2025 and 2024:

Operating Activities

In FY 2024–25, the company generated a marginal positive cash flow of ₹1.02 Cr from operating activities, a sharp decline from ₹42.98 Cr in FY 2023–24. This drop is primarily due to net loss before tax of ₹18.97 Cr, impacted by a one-time settlement claim outflow of ₹35.70 Cr. However, depreciation (₹29.48 Cr) and changes in working capital — particularly inventory reduction and receivable recoveries — helped offset some of the operational drag. The overall working capital adjustments were moderately favourable.

Investing Activities

FY 2024–25 saw a positive investing cash flow of ₹7.06 Cr, compared to a negative ₹14.99 Cr in FY 2023–24. This turnaround was due to higher proceeds from asset sales (₹26.85 Cr) and reduced capital expenditure. There was also a moderate inflow from mutual fund redemptions (₹10.40 Cr). The company controlled capex compared to the previous year and received marginal interest income.

Financing Activities

Cash used in financing activities declined to ₹5.02 Cr from ₹28.98 Cr the previous year. This was mainly because no dividends were paid in FY 2024–25 (₹6.58 Cr in FY 2023–24), and short-term borrowings and lease repayments were kept relatively low. The reduction in financing cash outflows indicates conservative financial management.

Net Cash Position

The net result of all activities was a positive cash addition of ₹3.06 Cr during FY 2024–25, a strong recovery from a cash reduction of ₹0.99 Cr in the prior year. Consequently, the closing cash balance improved to ₹4.21 Cr, indicating improved liquidity at year-end.

Financial Ratios of Kurlon Enterprise Limited

Particulars	2025	2024
Current Ratio	1.51	1.38
Debt equity Ratio	0.02	0.07
Trade payable turnover Ratio	4.66	4.37
Net capital turnover Ratio	10.72	14.61
Debt Service coverage ratio	-1.35	-1.57
Net Profit Ratio	-0.00	-0.06
Return on Equity Ratio	-0.00	-0.17
Return on capital employed	-0.10	-0.07
Inventory turnover Ratio	7.25	6.34
Return on investment	-0.06	-0.16
Trade receivables turnover ratio.	10.12	11.76

Here is a summary of the financial and operational metrics for Kurlon Enterprise Limited for the year 2025 and 2024:

Current Ratio

(2025: 1.51 | 2024: 1.38)
The current ratio measures a company 's ability to pay its short-term liabilities with its short-term assets. The increase from 1.38 to 1.51 in 2025 indicates an improvement in short-term financial strength, suggesting better liquidity management.

Debt-Equity Ratio

(2025: 0.02 | 2024: 0.07)
This ratio evaluates a company’s financial leverage by comparing its total debt to shareholders ' equity. The sharp decrease from 0.07 to 0.02 shows the company significantly reduced its debt or increased equity.

Trade Payables Turnover Ratio

(2025: 4.66 | 2024: 4.37)
This ratio shows how quickly a company pays off its trade payables to suppliers. The slight increase suggests that the company improved its payment efficiency in 2025, possibly negotiating shorter credit terms or managing payables more effectively.

Net Capital Turnover Ratio

(2025: 10.72 | 2024: 14.61)
This ratio measures how effectively a company uses its working capital to generate sales. A decreasing trend here indicates that the company is generating less revenue per unit of net working capital, suggesting reduced efficiency in utilizing short-term resources in 2025 compared to 2024.

Debt Service Coverage Ratio (DSCR)

(2025: -1.35 | 2024: -1.57)
DSCR indicates a company’s ability to service its debt (both interest and principal). A negative ratio is a serious concern and indicates that the company 's earnings are insufficient to meet debt obligations. Although still negative, the slight improvement in 2025 suggests marginal progress, but the company is still under financial stress regarding debt servicing.

Net Profit Ratio

(2025: -0.00 | 2024: -0.06)
This ratio measures net profit as a percentage of revenue. A negative or near-zero net profit ratio means the company is not making a profit from its operations. While the ratio improved from -0.06 to a marginal -0.00 in 2025, it still reflects break-even or marginal losses, showing the need for profitability improvements.

Return on Equity (ROE)

(2025: -0.00 | 2024: -0.17)
ROE measures how effectively a company uses shareholders ' equity to generate profit. A negative ROE indicates that the company is incurring losses. The improvement from -0.17 to nearly 0 suggests losses have been nearly eliminated in 2025, but profitability is yet to be achieved.

Return on Capital Employed (ROCE)

(2025: -0.10 | 2024: -0.07)
ROCE shows the efficiency of capital utilization to generate profits. A negative ROCE indicates the company is not generating enough earnings before interest and tax (EBIT) to cover its capital costs. The decline in 2025 reflects further deterioration in operating efficiency or profitability.

Inventory Turnover Ratio

(2025: 7.25 | 2024: 6.34)
This ratio measures how often inventory is sold and replaced over a period. An increase suggests more efficient inventory management, with faster stock movement. The rise in 2025 implies improved demand or better inventory control, contributing positively to working capital.

Return on Investment (ROI)

(2025: -0.06 | 2024: -0.16)
ROI evaluates the return on invested funds. Negative ROI means the company is losing money on its investments. However, the improvement in 2025 indicates reduced losses and a step toward profitability.

Trade Receivables Turnover Ratio

(2025: 10.12 | 2024: 11.76)
This ratio indicates how efficiently the company collects its receivables. A slight decline in 2025 means that collections were slower compared to the previous year. It could be due to relaxed credit terms or issues in customer payments, which could affect cash flow.

Kurlon Enterprise Annual Reports, Balance Sheet and Financials