Lingapur Estates Limited Annual Report and Financials

Lingapur Estates Limited Standalone Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
EQUITY AND LIABILITIES
Shareholder’s Funds
Share Capital	153.40	153.40
Reserves and Surplus	743.30	609.91
Non-Current Liabilities
Long - Term Borrowings	220.17	46.53
Current Liabilities
Short-Term Borrowings	910.44	574.22
Total outstanding dues of creditors other than micro enterprises and small enterprises	7.98	251.56
Other Current Liabilities	25.17	159.76
Short-Term Provisions	1.62	0.76
Total	2,062.08	1,769.14
ASSETS
Non-Current Assets
Property, Plant and Equipment	609.15	568.59
Capital Work in Progress	-	24.44
Non-current investments	417.68	383.56
Deferred tax assets (net)	46.55	54.88
Current Assets
Inventories	323.30	112.22
Trade receivables	457.78	36.56
Cash and cash equivalents	191.20	580.04
Short-term loans and advances	11.45	4.21
Other Current Assets	4.96	4.65
Total	2,062.08	1,769.14

Lingapur Estates Limited Standalone Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Revenue from operations	1,814.40	1,745.19
Other Income	145.22	12.62
Total Revenue	1,959.62	1,757.81
Purchase of Stock in Trade	1,463.84	1,155.06
Cost of Materials Consumed	56.25	53.97
Change in Inventories of Finished Goods/ Stock, work-inprogress and stock-in-trade	(211.33)	81.30
Employee Benefit Expenses	284.34	303.91
Financial Cost	67.39	27.19
Depreciation & Amortisation	37.22	38.72
Other Expenses	105.65	78.76
Total Expenses	1,803.36	1,738.92
Profit before tax	156.25	18.90
Current tax	(1.62)	(0.76 )
Deferred tax	(8.32 )	(7.68 )
Profit for the period	146.31	10.45
Earning per equity share:
Basic	9.54	0.68
Diluted	9.54	0.68

Lingapur Estates Limited Standalone Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
A.CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax	156.25	18.92
Adjustments for :
Interest income	(13.07)	(6.50)
(Gain) Loss on sale or disposal of Property, Plant and Equipment [Net]	(120.36)	-
Interest expenses	67.39	27.19
Depreciation and Amortization Expenses	37.22	38.72
Operating Profit Before Working Capital Changes	127.43	78.33
Increase (Decrease) in Trade Payables	(243.58)	15.75
Increase (Decrease) in Other liabilities	(134.58)	92.90
Decrease (Increase) in Inventories	(211.08)	62.64
Decrease (Increase) in Trade Receivables	(421.22)	(16.78)
Decrease (Increase) in loans and advances	0.29	(0.35)
Decrease (Increase) in Other assets	(0.30)	(4.66)
Cash generated from (used in) Operations	(883.04)	227.83
Income taxes paid	(7.32)	(8.63)
Net Cash generated from (used in) Operating Activities	(890.36)	219.20
B.CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Property, Plant and Equipment and Intangible Assets	(66.26)	(72.41)
Sale proceeds of Property, Plant and Equipment and Intangible Assets	120.36	-
Purchase of Non-Current Investments	(34.12)	(138.38)
Long-term Loans Realised	-	4.12
Short-term Loans Given	(0.98)	-
Short-term Loans Realised	-	0.42
Interest received	13.07	6.50
Net Cash generated from (used in) Investing Activities	32.07	(199.75)
C.CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from Long-Term Borrowings	173.64	-
Repayment of Long-Term Borrowings	-	(164.34)
Proceeds from Short-Term Borrowings	363.22	472.22
Interest paid	(67.39)	(67.39)
Dividend paid	-	-
Net Cash generated from (used in) Financing Activities	469.47	280.69
Net Increase (Decrease) In Cash and cash equivalents	(388.82)	300.14
Cash and cash equivalents at the Beginning	580.05	279.91
Cash and cash equivalents at the End	191.23	580.05

Cash Flow Analysis of Lingapur Estates Limited

Lingapur Estates Limited reported a significant rise in profitability during FY2024-25, with profit before tax increasing to ₹156.25 thousand from ₹18.92 thousand in FY2023-24. However, this improvement in earnings did not translate into operating cash generation due to substantial working capital absorption and adjustments during the year.

Operating Activities:
The company recorded an operating profit before working capital changes of ₹127.43 thousand as against ₹78.33 thousand in the previous year. However, cash flows were heavily impacted by movements in working capital. There was a sharp increase in trade receivables (₹421.22 thousand), inventories (₹211.08 thousand), and a reduction in trade payables (₹243.58 thousand) and other liabilities (₹134.58 thousand), resulting in a substantial cash outflow. Consequently, cash generated from operations turned negative at ₹883.04 thousand, compared with a positive ₹227.83 thousand in FY2023-24. After tax payments, the net cash used in operating activities stood at ₹890.36 thousand, indicating pressure on operational liquidity despite improved profitability.

Investing Activities:
Investing activities showed a positive turnaround with net cash inflow of ₹32.07 thousand compared to an outflow of ₹199.75 thousand in the previous year. The inflow was mainly supported by sale proceeds of property, plant and equipment amounting to ₹120.36 thousand and interest income, partially offset by investments in non-current assets and capital expenditure. This indicates selective asset monetisation and rationalised investment decisions during the year.

Financing Activities:
Financing activities remained the primary source of liquidity, generating ₹469.47 thousand, higher than ₹280.69 thousand in FY2023-24. The company raised long-term borrowings of ₹173.64 thousand and increased reliance on short-term borrowings amounting to ₹363.22 thousand, which supported operations and offset the cash deficit from core business activities. Interest payments remained consistent at ₹67.39 thousand.

Overall Cash Position:
Due to the substantial operational outflow, the overall cash position declined during FY2024-25. Net cash decreased by ₹388.82 thousand, resulting in closing cash and cash equivalents of ₹191.23 thousand compared with ₹580.05 thousand at the beginning of the year.

Interpretation:
The cash flow pattern indicates that while the company reported improved profitability, liquidity was affected by aggressive working capital expansion and receivable build-up. Financing inflows helped sustain operations, but dependence on borrowings increased. Going forward, efficient management of receivables, inventory levels, and liabilities will be crucial to align operating cash flows with profitability and strengthen financial stability.

Financial Ratios of Lingapur Estates Limited

Particulars	2025	2024
Current ratio	1.05	0.77
Debt equity ratio	1.26	0.78
Debt service coverage ratio	3.87	0.44
Return on Equity	17.63%	1.42%
Inventory turnover ratio	6.01	8.99
Trade receivable turnover ratio	7.34	61.95
Trade payable turnover ratio	12.26	5.18
Net capital turnover ratio	-20.38	-27.04
Net profit ratio	8.06%	0.60%
Return on capital employed	13.22%	3.91%
Return on investment	-	-

Ratio Analysis & Interpretation – Lingapur Estates Limited

Based on the financial ratios for FY2025 compared with FY2024, the overall performance of Lingapur Estates Limited reflects a significant improvement in profitability and debt-servicing capacity, though certain efficiency indicators show pressure.

The liquidity position has improved, with the current ratio rising to 1.05 in 2025 from 0.77 in 2024, indicating that the company is now better positioned to meet its short-term obligations. However, the ratio remains close to the minimum comfort level, suggesting limited working capital buffer.

The capital structure shows increased reliance on debt, as the debt-equity ratio moved up to 1.26 from 0.78. While this indicates higher financial leverage, the company’s ability to service debt has strengthened considerably, with the debt service coverage ratio improving to 3.87 from 0.44, reflecting stronger operating earnings and improved repayment capacity.

Profitability ratios demonstrate a marked turnaround. Return on Equity rose sharply to 17.63% from 1.42%, while the net profit ratio improved to 8.06% from 0.60%. Similarly, Return on Capital Employed increased to 13.22% from 3.91%, indicating more efficient utilization of capital and improved operational performance.

Efficiency ratios present mixed trends. Inventory turnover declined to 6.01 from 8.99, suggesting slower movement of inventory. Trade receivables turnover fell significantly to 7.34 from 61.95, indicating longer collection cycles and potential pressure on cash flows. On the other hand, trade payables turnover increased to 12.26 from 5.18, reflecting faster payments to suppliers and a relatively stronger credit standing.

The net capital turnover ratio remained negative at (20.38) compared with (27.04) in the previous year, though the improvement indicates relatively better utilization of capital despite continued inefficiencies.

Overall, the financial ratios indicate that Lingapur Estates Limited has experienced a strong recovery in profitability and operational strength during FY2025. The company has improved its debt servicing ability and returns, but rising leverage and weakening receivable and inventory efficiency require close monitoring to sustain financial stability in the coming periods.

Dividend History

Particulars	2025
Dividend Per Share (in Rs.)	1.00
Retained Earnings	-

Lingapur Estates Limited Recent Financial Performance

 

Dividend per Share: The specific dividend per share figure for 2025 is Rs. 1.00, Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.