New India Retailing Annual Reports, Balance Sheet and Financials

New India Retailing & Investment Limited Standalone Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Financial Assets
Cash and Cash Equivalents	14.38	28.43
Bank Balances other than above	4.53	4.23
Investments	60,302.94	52,844.29
Other Financial Assets	163.56	616.87
Non - Financial Assets
Inventories	120.31	20.98
Current Tax Assets (net)	11.29	4.44
Property, Plant and Equipment	285.33	285.06
Other Intangible Assets	0.13	0.49
Other Non-financial Assets	33.14	18.90
Total Assets	60,935.61	53,823.69
Financial Liabilities
Total outstanding dues of creditors other than micro and small enterprises	14.66	13.77
Other Financial Liabilities	36.69	30.83
Non-Financial Liabilities
Provisions	24.95	18.73
Deferred Tax Liability (Net)	5,702.94	4,892.97
Other Non-Financial Liabilities	16.49	1.11
Equity
Equity Share Capital	1,162.57	1,162.57
Other Equity	53,977.30	47,703.71
Total Liabilities and Equity	60,935.61	53,823.69

New India Retailing & Investment Limited Standalone Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Revenue from operations
Interest Income	33.18	33.34
Dividend Income	437.75	520.28
Sale of products	380.47	199.91
Other Income
Rental Income	0.07	0.01
Other Income	2.12	8.98
Total Income	853.59	762.52
Expenses
Finance Costs	1.49	6.97
Purchase of traded goods	393.39	135.16
(Increase) / Decrease in inventories of traded goods	-100.18	15.01
Employee Benefit expenses	62.66	54.72
Depreciation and amortisation expenses	8.30	12.25
Other Expenses	138.10	106.87
Profit/(Loss) before Tax	349.83	431.54
Tax Expense
Current Tax	84.52	108.22
Income Tax for Earlier Years	-3.49	0.54
Deferred Tax Charge/(Credit)	0.98	-0.28
Profit/(Loss) for the period	267.82	323.05
Other Comprehensive Income
Item that may be reclassified to Profit and Loss Account	6.03	-
Income tax on items that will be reclassified to profit and loss	-1.52	-
Item that will not be reclassified to Profit and Loss Account	6,831.99	14,433.34
Income tax relating to items that will not be reclassified to Profit and Loss Account	-807.48	-1,544.29
Total Comprehensive Income for the year	6,296.84	13,212.10
Earnings per Equity Share	2.30	2.78

New India Retailing & Investment Limited Standalone Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Cash Flow From Operating Activities
Net Profit / (Loss) before Tax	349.83	431.54
Adjustments:
Depreciation	8.30	12.25
Interest expense	0.04	6.13
Liabilities / Advances/Provision no longer required written back	-1.78	-8.77
Operating Profit before Working Capital Changes	365.39	441.15
Adjustments:
Non Current/ Current Financial & Other Liabilities/ Provisions	27.68	-20.73
Non Current/ Current Financial & Other Assets	-15.17	-26.21
Inventories	-99.33	13.72
Cash Generated from / (used in) Operations :	269.57	407.93
Direct Taxes (paid) / refund (net)	-87.88	-103.86
Net Cash flow from / (used in) Operating Activities	181.69	304.07
Cash Flow From Investing Activities
Payments made for the purchase of Investments	-618.18	-
Payments made for the purchase of Fixed Assets	-8.21	-0.17
Proceeds from Sale of Investments	-	73.25
(Increase)/Decrease in fixed deposits with banks	454.24	-41.50
Net Cash Flow from Investing Activities	-172.15	31.58
Cash Flow From Financing Activities
Repayment of Short Term Borrowings	-	-294.09
Interest Paid	-0.04	-6.13
Dividend Paid	-23.25	-23.25
Net Cash Flow used in Financing Activities	-23.29	-323.47
Net Increase/ Decrease in Cash and Cash Equivalents	-13.75	12.18
Cash & Cash Equivalents at the beginning of the year	32.66	20.48
Cash & Cash Equivalents at the end of the year	18.91	32.66

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

Operating Activities:

The company reported a net cash inflow of ₹181.69 lakhs from operating activities in FY 2025, a decrease from ₹304.07 lakhs in FY 2024. Although the company maintained a healthy operating profit, the reduction was primarily due to unfavorable working capital changes—especially a significant increase in inventory. This indicates that while core operations remain profitable, more funds were tied up in current assets during the year.

Investing Activities:

Net cash used in investing activities amounted to ₹172.15 lakhs in FY 2025, compared to a net inflow of ₹31.58 lakhs in FY 2024. The company made large investments (₹618.18 lakhs), signaling long-term strategic asset allocation. However, this was partially offset by the release of ₹454.24 lakhs from fixed deposits. The year-on-year change reflects a shift from short-term liquidity management to long-term investment planning.

Financing Activities:

Financing outflows were limited to ₹23.29 lakhs in FY 2025, a sharp decline from ₹323.47 lakhs in FY 2024. This change is largely due to the absence of loan repayments in the current year. Dividend payments remained constant, and interest costs were minimal, suggesting improved capital structure and reduced reliance on debt financing.

Net Cash Position:

Overall, the company experienced a net decrease of ₹13.75 lakhs in cash and cash equivalents during FY 2025, in contrast to a ₹12.18 lakhs increase in the previous year. Closing cash stood at ₹18.91 lakhs, down from ₹32.66 lakhs. The decline indicates pressure on liquidity, primarily driven by high investment spending, despite positive operating cash flow.

Standalone Financial Ratios of New India Retailing & Investment Limited

Particulars	2025	2024
Current ratio	4.83	14.15
Debt Service Coverage Ratio	-	1.14
Return on Equity	0.49%	0.66%
Inventory Turnover	4.16	5.35
Trade Payables turnover ratio	27.67	5.44
Net capital turnover ratio	0.01	0.00
Net profit ratio	31.46%	42.87%
Return on Capital employed	0.58%	0.82%
Return on investment	10.84%	13.48%

Here is a summary of the financial and operational metrics for New India Retailing & Investment Limited for the year 2025 and 2024:

Current Ratio:

The current ratio remains healthy, indicating the company can meet short-term obligations. However, the drop from 14.15 to 4.83 suggests improved working capital efficiency or an increase in current liabilities.

Debt Service Coverage Ratio:

Not reported in FY 2025, likely due to no debt repayments. In FY 2024, a ratio of 1.14 indicated just enough operating income to cover debt obligations.

Return on Equity:

A minor decline shows slightly lower profitability on shareholders ' funds. Returns remain modest, reflecting low-risk or low-return operations.

Inventory Turnover Ratio:

Inventory is turning slower in FY 2025, which could point to slower sales or excess stock buildup, possibly affecting cash flow.

Trade Payables Turnover Ratio:

A significant increase indicates much quicker payments to suppliers in FY 2025. This may reflect stronger liquidity or stricter credit terms from vendors.

Net Capital Turnover Ratio:

Although slightly improved, the ratio remains very low, highlighting underutilization of working capital in generating revenue.

Net Profit Ratio:

Profitability declined in FY 2025, suggesting increased expenses or lower margins despite revenue generation.

Return on Capital Employed (2025: 0.58% | 2024: 0.82%):

A slight dip in ROCE indicates reduced efficiency in using total capital to generate profit, possibly due to higher capital base or lower operating income.

Return on Investment:

ROI declined, indicating the company earned slightly lower returns on its investments, possibly due to market conditions or conservative asset allocation.