| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| MSE Financial Services Limited |
|
Particulars |
31-03-2026 |
31-03-2025 |
|
Equity |
|
|
|
Share
Capital |
2.63 |
0.13 |
|
Reserves
and Surplus |
2.43 |
1.94 |
|
Shares
Allotment - Pending |
- |
2.50 |
|
Non-Current Liabilities |
|
|
|
Long-Term
Borrowings |
5.00 |
5.00 |
|
Current Liabilities |
|
|
|
Short-Term
Borrowings |
0.75 |
- |
|
Trade
Payables due to creditors |
0.01 |
0.05 |
|
Other
Current Liabilities |
- |
0.01 |
|
Short-Term
Provisions |
- |
0.02 |
|
Total Equity and Liabilities |
10.82 |
9.64 |
|
Non-Current Assets |
|
|
|
Non-Current
Investments |
7.08 |
6.42 |
|
Other
Non-Current Assets |
0.49 |
0.69 |
|
Current Assets |
|
|
|
Cash
& Bank Balances |
0.92 |
1.61 |
|
Due
from DGFSL |
2.29 |
0.83 |
|
Other
Current Assets |
0.05 |
0.09 |
|
Total Assets |
10.82 |
9.64 |
MSE Financial Services Limited Consolidated Profit & Loss Statement (Rs in Crores)
|
Particulars |
31-03-2026 |
31-03-2025 |
|
Income |
|
|
|
Other
Income |
0.16 |
0.16 |
|
Total Revenue |
0.16 |
0.16 |
|
Expenses |
|
|
|
Employees
Cost & Benefits |
0.02 |
0.02 |
|
Finance
Cost |
0.17 |
- |
|
Other
Expenses |
0.03 |
0.06 |
|
Total Expenses |
0.22 |
0.07 |
|
Profit after Exceptional Item |
-0.06 |
0.09 |
|
Share
of Profit/(Loss) of Associate |
0.65 |
0.28 |
|
Profit before Tax |
0.59 |
0.37 |
|
Current
Tax |
- |
-0.02 |
|
Prior
Period Tax |
-0.10 |
- |
|
Profit (Loss) for the Period |
0.49 |
0.34 |
|
Earnings
per Equity Share - Basic and Diluted |
0.19 |
2.57 |
MSE Financial Services Limited Consolidated Cash Flow Statement (Rs in Crores)
|
Particulars |
31-03-2026 |
31-03-2025 |
|
Cash Flow from Operating Activities |
|
|
|
Net
Profit before Tax and Extraordinary Items |
0.59 |
0.37 |
|
Adjustments: |
|
|
|
Prior
Period Item |
-0.10 |
- |
|
Interest
Income |
-0.16 |
-0.16 |
|
Operating Profit/(Loss) before Working Capital
Changes |
0.33 |
0.20 |
|
Other
Non-Current Assets |
0.20 |
12.83 |
|
Other
Current Liabilities |
-0.01 |
-37.30 |
|
Short
Term Provisions |
-0.02 |
0.02 |
|
Trade
Payables |
-0.03 |
-0.34 |
|
Short-Term
Loans & Advances |
- |
3.95 |
|
Other
Current Assets |
0.04 |
1.70 |
|
Long
Term Provisions |
- |
-0.13 |
|
Trade
Receivables |
- |
1.14 |
|
Long-Term
Loans & Advances |
- |
0.21 |
|
Cash Generated from Operations |
0.51 |
-17.72 |
|
Income
Tax Adjustments |
- |
0.04 |
|
Net Cash from Operating Activities |
0.51 |
-17.68 |
|
Cash Flow from Investing Activities |
|
|
|
Purchase
of Investments |
-0.65 |
- |
|
Effect
of Composite Scheme of Arrangement |
-1.46 |
8.00 |
|
Interest
Income |
0.16 |
0.16 |
|
Proceeds
from Sale of Asset |
- |
0.19 |
|
Purchase
of Property, Plant and Equipment |
- |
-0.07 |
|
Net Cash Flow from Investing Activities |
-1.96 |
8.28 |
|
Cash Flow from Financing Activities |
|
|
|
Proceeds
from Reduction in Equity Share Capital |
- |
-13.28 |
|
Proceeds
from Increase in Equity Share Capital |
2.50 |
- |
|
Proceeds
from Reduction in Preference Share Capital |
- |
-10.00 |
|
Short
Term Borrowings |
0.75 |
- |
|
Share
Allotment - Preference Shares |
-2.50 |
2.50 |
|
Loan
Proceeds |
- |
5.00 |
|
Net Cash used in Financing Activities |
0.75 |
-15.78 |
|
Net
Increase/(Decrease) in Cash and Cash Equivalents |
-0.69 |
-25.17 |
|
Cash
and Cash Equivalents at the Beginning of the Period |
1.61 |
27.06 |
|
Cash and Cash Equivalents at the End of the Period |
0.92 |
1.89 |
Summary
of the Cash Flow Statement for the years 2026 and 2025:
Cash Flow
from Operating Activities: The Company’s operating cash flow
improved significantly during 2025–26. Net profit before tax increased from ₹0.37 crore to ₹0.59 crore, while operating profit before working capital changes increased
from ₹0.20 crore to ₹0.33 crore. As a
result, cash generated from operations improved from a negative ₹17.72 crore in 2024–25 to a positive ₹0.51 crore in 2025–26. Consequently, net cash from
operating activities turned positive at ₹0.51 crore,
compared with a negative ₹17.68 crore in
the previous year. This indicates a substantial improvement in the company’s
ability to generate cash from its core operations.
Cash Flow
from Investing Activities: Net cash used in investing
activities stood at ₹1.96 crore in
2025–26, compared with a positive cash inflow of ₹8.28 crore in 2024–25. The major outflows during 2025–26
included ₹0.65 crore towards purchase of investments and ₹1.46 crore related to the composite scheme
of arrangement.
These were partly offset by ₹0.16 crore of interest income.
The shift from a significant investing inflow to an outflow indicates that the
company deployed cash towards investments and other strategic activities during
the year.
Cash Flow
from Financing Activities: Financing activities generated a net
cash inflow of ₹0.75 crore in
2025–26, compared with a net cash outflow of ₹15.78
crore in 2024–25. During the year, the company received ₹2.50 crore from an increase in equity share capital and ₹0.75 crore through short-term borrowings, while ₹2.50 crore was utilized for preference share allotment.
The positive financing cash flow, compared with the substantial outflow in the
previous year, indicates a better financing position during 2025–26.
Net
Increase/(Decrease) in Cash and Cash Equivalents: Despite
the improvement in operating and financing cash flows, the company recorded a
net decrease of ₹0.69 crore in cash and
cash equivalents during 2025–26, compared with a much larger decrease of ₹25.17 crore in 2024–25. The reduction in the cash
deficit indicates that the company’s overall cash position improved
considerably compared with the previous year, although there was still a net decline
in cash during the year.
Financial ratios of MSE Financial Services Limited
|
Particulars |
31-03-2026 |
31-03-2025 |
|
Current
Ratio |
4.26 |
34.08 |
|
Debt-Equity Ratio |
2.18 |
1.90 |
|
Debt Service Coverage
Ratio |
4.42 |
- |
|
Return On Equity Ratio |
0.35 |
0.03 |
|
Net Capital Turnover
Ratio |
0.06 |
0.07 |
|
Net Profit Ratio |
3.07 |
2.11 |
|
Return On Capital Employed |
0.01 |
0.01 |
Summary
of the Financial Ratios for the years 2026 and 2025:
Current Ratio: The current ratio decreased significantly
from 34.08 in 2024–25 to 4.26 in 2025–26, indicating that the company’s
short-term liquidity position remains strong but has weakened considerably
compared with the previous year.
Debt-Equity Ratio: The debt-equity ratio increased from 1.90
to 2.18, showing a higher level of dependence on debt financing relative to
shareholders’ funds. This indicates a moderate increase in financial leverage.
Debt Service Coverage Ratio: The debt service coverage ratio for 2025–26
was 4.42. This indicates that the company generated sufficient earnings
to comfortably meet its interest and debt repayment obligations. No comparative
figure is available for 2024–25.
Return on Equity Ratio: The return on equity ratio improved
substantially from 0.03 to 0.35, indicating a significant improvement in
the company’s ability to generate returns from shareholders’ funds.
Net Capital Turnover Ratio: The net capital turnover ratio declined
slightly from 0.07 to 0.06, suggesting a marginal reduction in the
efficiency with which the company utilized its net capital to generate revenue.
Net Profit Ratio: The net profit ratio increased from 2.11
to 3.07, indicating an improvement in profitability and a higher proportion
of net profit earned from the company’s revenue during 2025–26.
Return on Capital Employed: The return on capital employed remained
unchanged at 0.01 in both years, indicating that the return generated on
the total capital employed remained relatively stable, although at a low level.
