Mohan Meakin Limited (Mohan Meakin) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Mohan Meakin Limited

Mohan Meakin Limited Standalone Balance Sheet (Rs. in Lakhs)

Particulars	31-03-2025	31-03-2024
Non-current assets
Property, plant and equipment	9,119.21	8,457.50
Capital Work-in-progress	1,211.37	1,212.40
Investment property	12.54	13.27
Investments	970.49	710.08
Other financial assets	1,268.23	8,330.11
Non-current tax assets (net)	356.34	384.91
Deferred tax assets (net)	-	58.98
Other non-current assets	1,026.24	980.96
Current assets
Inventories	15,050.60	13,243.30
Trade Receivables	11,214.60	11,416.62
Cash and cash equivalents	2,366.53	1,745.34
Bank balances other than above	19,552.51	4,822.37
Loans	13.32	11.28
Other financial assets	830.22	124.89
Other current assets	2,198.69	1,961.93
Total Assets	65,190.89	53,473.94
Equity
Equity Share capital	425.42	425.42
Other Equity	46,592.29	36,206.85
Non-Current liabilities
Other Financial Liabilities	1,193.54	1,257.04
Provisions	304.21	320.22
Deferred tax liabilities (net)	18.82	-
Current liabilities
Borrowings	429.27	429.27
Trade Payables:
Total outstanding dues of micro and small enterprises	148.88	156.97
Total outstanding dues of creditors other than Micro and Small Enterprises	10,408.08	9,476.84
Other Financial Liabilities	2,812.11	2,703.74
Other Current liabilities	2,734.15	2,472.17
Provisions	124.12	25.42
Total Equity and Liabilities	65,190.89	53,473.94

Mohan Meakin Limited Standalone Profit and Loss Account (Rs. in Lakhs)

Particulars	31-03-2025	31-03-2024
Revenue from Operation	2,15,134.39	1,92,992.27
Other Income	1,520.28	1,185.19
Total Income	2,16,654.67	1,94,177.46
Expenses
Cost of Goods and Services	21,689.49	20,736.95
Excise Duty	54,547.43	46,318.63
Purchase of stock-in-trade	1,06,995.93	98,689.98
Changes in inventories of finished goods, stock-in-trade & WIP	(676.99)	(1,628.81)
Employee Benefit Expense	5,261.21	4,782.04
Finance Cost	73.75	78.63
Depreciation Expense	988.82	837.80
Other Expenses	13,996.00	12,968.28
Total Expense	2,02,835.64	1,82,783.50
Profit before tax	13,819.03	11,393.96
Current Tax	3,518.81	2,885.00
Deferred tax	37.16	38.96
Profit/(Loss) for the year	3,555.97	2,923.96
Other Comprehensive Income/(Expense)	10,263.06	8,470.00
Items that will not be reclassified to profit and loss	248.10	264.43
Income tax relating to items that will not be reclassified to profit or loss	(40.64)	(38.84)
Total comprehensive Income for the year/ Period	10,470.52	8,695.59
Paid up equity share capital	425.42	425.42
Other Equity	46,592.29	36,206.85
Earnings per Equity Share
Basic	120.62	99.55
Diluted	120.62	99.55

Mohan Meakin Limited Standalone Cash Flow Statement (Rs. in Lakhs)

Particulars	31-03-2025	31-03-2024
Cash Flow from Operating Activities
Net Profit before Tax	13,819.03	11,393.96
Adjustments for:
Depreciation expenses	988.82	837.80
Loss on discard/ written off of property, plant and equipment	21.27	0.40
Gain on sale of property, plant and equipment	(0.80)	(5.76)
Interest Expense	67.11	69.90
Dividend income	(1.24)	(0.64)
Provision for employee benefits and contingencies	70.37	(50.12)
Interest income	(1,068.69)	(515.65)
Rent from investment properties	(31.49)	(28.48)
Excess provision/ unclaimed balances written off	(59.23)	(144.16)
Provision/ written off of trade receivables	6.28	17.14
Inventory written off	21.62	3.28
Unrealised foreign exchange loss	17.45	-
Operating Profit before Working Capital Charges	13,850.50	11,577.67
Changes in working capital
Inventories	(1,828.92)	(1,549.42)
Trade receivables	178.29	(1,482.46)
Current and Non-current loans and other financial assets	(40.44)	34.32
Other Current and Non-Current Assets	(362.68)	(100.74)
Current and non-current other financial liabilities	103.42	103.93
Other current and non-current liabilities	261.98	718.45
Trade Payables	982.38	328.74
Cash Generated from Operations	13,144.53	9,630.49
Income (Taxes paid) Net of Refund	(3,490.23)	(2,961.48)
Net Cash Generated from Operating Activates	9,654.30	6,669.01
Cash Flow from Investing Activities
Purchase of property, plant and equipment	(1,713.60)	(1,721.69)
Proceeds from sale of Property, plant and equipment	2.06	21.58
Movement in bank deposits not considered as cash and cash equivalents	(7,690.73)	(5,857.39)
Dividend received	1.24	0.64
Interest received	419.13	434.17
Rent received from Investment properties	31.49	28.48
Net Cash Used in Investing Activities	(8,950.41)	(7,094.21)
Cash flow from financing activities
Dividend Paid	(79.98)	(77.65)
Interest paid	(2.72)	(5.50)
Net cash flow generated/ (used in) from financing activities	(82.70)	(83.15)
Net Increase /(Decrease) In Cash and Cash Equivalents	621.19	(508.35)
Cash & Cash Equivalents at the Beginning of the Year	1,745.34	2,253.69
Cash & Cash Equivalents at the End of the Year	2,366.53	1,745.34

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

Cash Flow from Operating Activities

For the year ending 31st March 2025, the company generated a positive cash flow of ₹9,654.30 lakhs from operating activities, an increase from ₹6,669.01 lakhs in the previous year. This rise was mainly due to higher profit before tax (₹13,819.03 lakhs) and improved working capital management particularly from increases in trade payables and other liabilities, along with reduced trade receivables. Despite some cash usage in inventory and taxes, the company’s core business remained cash-generative.

Cash Flow from Investing Activities

The company had a net outflow of ₹8,950.41 lakhs in 2025, compared to ₹7,094.21 lakhs in 2024. This cash was mainly used for bank deposits (₹7,690.73 lakhs) and purchase of property, plant, and equipment (₹1,713.60 lakhs). Small inflows included interest received (₹419.13 lakhs) and rent from investment properties but were not enough to cover the investment outflows.

Cash Flow from Financing Activities

The company recorded a small outflow of ₹82.70 lakhs from financing activities in 2025, almost the same as ₹83.15 lakhs in 2024. This includes dividends paid (₹79.98 lakhs) and interest payments. There was no major borrowing or capital inflow during the year.

Net Changes in Cash and cash equivalents

Overall, the company’s cash increased by ₹621.19 lakhs during 2025, a strong improvement compared to a decrease of ₹508.35 lakhs in the previous year. The cash balance rose to ₹2,366.53 lakhs, up from ₹1,745.34 lakhs, showing a healthy liquidity position at year-end.

Financial Ratios of Mohan Meakin Limited

Particular	31-3-2025	31-3-2024
Current Ratio (in times)	3.08	2.18
Debt Equity Ratio (in times)	0.01	0.01
Debt Service Coverage Ratio (in times)	169.40	134.46
Return on Equity (in %)	24.54	26.20
Inventory Turnover Ratio (in times)	9.05	9.45
Trade Receivable Turnover Ratio (in times)	18.42	17.69
Trade Payable Turnover Ratio (in times)	12.96	12.67
Net Capital Turnover Ratio (in times)	6.03	10.41
Net Profit Ratio (in %)	4.93	4.51
Return on Capital Employed (in %)	29.27	30.93
Return on Investment (in %)	0.31	0.46

Summary of Financial Ratios of Mohan Meakin Limited for the year ending 2025 and 2024:

Current Ratio (2025: 3.08 | 2024: 2.18)
The company’s liquidity position has improved, as it now has over three times the current assets compared to current liabilities. This indicates that the company is in a strong position to meet short-term obligations, better than last year. However, a ratio this high may also mean that funds are lying idle instead of being used more efficiently.

Debt-Equity Ratio (2025: 0.01 | 2024: 0.01)
The company has virtually no dependence on borrowed funds, with debt being almost negligible compared to equity. This shows financial stability and very low financial risk. While this is good for solvency, it may also suggest that the company is not leveraging debt financing, which could otherwise help expand returns.

Debt Service Coverage Ratio (DSCR) (2025: 169.40 | 2024: 134.46)
The DSCR is exceptionally high, showing that the company earns far more than enough to cover its debt obligations. The jump from 134 to 169 means an even stronger ability to repay debt comfortably. Essentially, lenders face almost zero risk here.

Return on Equity (ROE) (2025: 24.54% | 2024: 26.20%)
ROE remains strong, showing that shareholders are earning around 25% return on their investment. Although it has declined slightly from last year, it still reflects effective use of equity capital and solid profitability.

Inventory Turnover Ratio (2025: 9.05 | 2024: 9.45)
The inventory turnover has marginally declined, meaning the company is selling its stock a bit slower than last year. Still, the ratio indicates efficient inventory management, as products are moving nearly nine times a year.

Trade Receivable Turnover Ratio (2025: 18.42 | 2024: 17.69)
Receivables are being collected faster this year, which shows improved efficiency in credit management and stronger cash inflows from customers. This reflects good working capital management.

Trade Payable Turnover Ratio (2025: 12.96 | 2024: 12.67)
The company is paying its suppliers slightly faster compared to last year. While this shows financial strength and good supplier relationships, paying too quickly could reduce the benefit of available credit periods.

Net Capital Turnover Ratio (2025: 6.03 | 2024: 10.41)
There is a significant drop in capital turnover, meaning the company is generating less sales from its capital employed than in the previous year. This could be a sign of underutilization of resources or slower growth in sales relative to capital invested.

Net Profit Ratio (2025: 4.93% | 2024: 4.51%)
Profitability has improved, as the company is earning nearly 5% net profit on sales compared to 4.5% last year. This indicates better cost control or higher efficiency in operations.

Return on Capital Employed (ROCE) (2025: 29.27% | 2024: 30.93%)
ROCE remains high but has dipped slightly, suggesting the company is still generating excellent returns from its overall capital, though efficiency has reduced a bit.

Return on Investment (ROI) (2025: 0.31% | 2024: 0.46%)
The ROI has declined, meaning investments are yielding lower returns than before. This may point to less profitable investments or cautious capital allocation.