OFB Tech Limited (OFB Tech ) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
OFB Tech Limited

OFB Tech Limited Consolidated Balance Sheet (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Non-Current Assets
Property, Plant & Equipment	1,261.17	1,064.36
Capital Work-in-Progress	838.93	433.88
Investment Property	0.13	0.13
Goodwill	666.72	570.79
Other Intangible Assets	685.76	654.99
Intangible Assets Under Development	7.08	4.09
Non-Current Investments	980.75	842.59
Loans (Non-Current)	2,280.39	1,533.48
Other Non-Current Financial Assets	539.14	45.12
Deferred Tax Assets (Net)	206.90	177.95
Other Non-Current Assets	330.26	272.89
Current Assets
Inventories	1,441.75	1,481.37
Current Investments	208.99	1,036.50
Trade Receivables	1,629.22	1,613.33
Cash & Cash Equivalents	1,290.17	446.01
Bank Balance Other Than Cash & Cash Equivalents	31.31	55.09
Loans	5,974.88	5,064.05
Other Current Financial Assets	405.30	499.87
Current Tax Assets	9.57	24.82
Other Current Assets	521.17	546.78
Non-Current Assets Held for Sale	32.41	1.27
Total Assets	19,342.11	16,369.47
Equity
Equity Share Capital	31.96	31.47
Other Equity	8,345.35	7,784.10
Non-Controlling Interest	794.66	907.48
Non-Current Liabilities
Borrowings	3,266.76	1,653.29
Other Non-Current Financial Liabilities	310.69	168.51
Provisions	47.26	31.56
Deferred Tax Liabilities (Net)	47.55	47.27
Other Non-Current Liabilities	3.79	2.77
Current Liabilities
Borrowings	5,107.12	4,737.12
Trade Payables	857.21	532.45
Other Current Financial Liabilities	379.32	355.01
Other Current Liabilities	106.39	107.29
Provisions	3.21	2.38
Current Tax Liabilities	38.13	8.57
Liabilities Associated with Assets Held for Sale	2.63	0.11
Total Equity & Liabilities	19,342.11	16,369.47

OFB Tech Limited Consolidated Profit & Loss Statement (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Income
Revenue from Operations	22,241.42	19,296.27
Other Income	257.30	231.90
Total Income	22,498.72	19,528.17
Expenses
Cost of Materials Consumed	4,928.03	3,595.39
Purchases of Stock-in-Trade	14,025.12	13,339.64
Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade	81.13	-392.23
Employee Benefit Expense	674.40	526.08
Finance Costs	594.10	468.16
Depreciation, Depletion and Amortization Expense	143.13	151.92
Other Expenses	1,241.91	1,006.77
Total Expenses	21,687.86	18,695.75
Profit Before Exceptional Items and Tax	810.85	832.41
Exceptional Items Before Tax	-24.93	-37.62
Total Profit Before Tax	785.92	794.79
Current Tax	218.50	198.74
Deferred Tax	-29.70	-6.92
Total Profit (Loss) for Period	597.12	602.97
Other Comprehensive Income Net of Tax
Other Comprehensive Income, Net of Tax, Gains/(Losses) on Remeasurements of Defined Benefit Plans	-0.08	2.54
Other Comprehensive Income that will not be Reclassified to Profit or Loss, Net of Tax, Others	-0.42	-0.64
Total OCI that will not be Reclassified to Profit or Loss, Net of Tax	-0.50	1.89
Other Comprehensive Income that will be Reclassified to Profit or Loss, Net of Tax, Others	-1.88	-0.50
Total Other Comprehensive Income	-2.39	1.38
Other Comprehensive Income Attributable to Owners of Parent	-1.65	1.22
Other Comprehensive Income Attributable to Non-Controlling Interests	-0.74	0.16
Total Comprehensive Income	594.73	604.36
Other Comprehensive Income Before Tax
Total Other Comprehensive Income	-2.39	1.38
Other Comprehensive Income Attributable to
Other Comprehensive Income Attributable to Owners of Parent	-1.65	1.22
Other Comprehensive Income Attributable to Non-Controlling Interests	-0.74	0.16
Total Comprehensive Income	594.73	604.36

OFB Tech Limited Consolidated Cash Flow Statement (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Cash Flows from Operating Activities
Profit Before Tax	785.92	794.79
Adjustments to Reconcile Profit/(Loss)
Adjustments for Finance Costs	155.18	151.17
Adjustments for Decrease/(Increase) in Inventories	79.63	-506.58
Adjustments for Decrease/(Increase) in Trade Receivables, Current	-21.02	106.82
Adjustments for Decrease/(Increase) in Other Current Assets	28.79	-58.78
Adjustments for Other Financial Assets, Current	-373.83	-220.88
Adjustments for Increase/(Decrease) in Trade Payables, Current	255.85	104.94
Adjustments for Increase/(Decrease) in Other Current Liabilities	-1.11	35.14
Adjustments for Depreciation and Amortization Expense	143.13	151.92
Adjustments for Provisions, Current	12.39	10.20
Adjustments for Other Financial Liabilities, Current	201.63	32.88
Other Adjustments to Reconcile Profit/(Loss)	24.93	37.62
Other Adjustments for Non-Cash Items	-47.61	-128.44
Net Cash Flows from/(Used in) Operations	1,243.88	510.82
Income Taxes Paid/(Refund)	183.73	203.68
Other Inflows/(Outflows) of Cash	-1,657.73	-1,870.48
Net Cash Flows from/(Used in) Operating Activities	-597.57	-1,563.34
Cash Flows from/(Used in) Investing Activities
Proceeds from Sale of Property, Plant & Equipment	9.41	8.55
Purchase of Property, Plant & Equipment	617.04	540.45
Other Inflows/(Outflows) of Cash	249.45	703.75
Net Cash Flows from/(Used in) Investing Activities	-358.18	171.85
Cash Flows from/(Used in) Financing Activities
Proceeds from Issue of Shares	93.88	6.06
Proceeds from Issue of Other Equity Instruments	-	11.94
Payments of Other Equity Instruments	-	42.38
Proceeds from Borrowings	5,353.68	7,798.57
Repayment of Borrowings	3,456.65	6,142.13
Payments of Finance Lease Liabilities	157.09	140.63
Payments of Lease Liabilities	34.23	25.71
Other Inflows/(Outflows) of Cash	0.32	0.29
Net Cash Flows from/(Used in) Financing Activities	1,799.92	1,466.02
Net Increase/(Decrease) in Cash & Cash Equivalents Before	844.16	74.52
Cash & Cash Equivalents at End of Period	1,290.17	446.01

Summary of the Cash Flow Statement for the years 2025 and 2024:

Cash Flow from Operating Activities

OFB Tech Limited reported a Profit Before Tax (PBT) of ₹785.92 crore in FY25, broadly in line with FY24 (₹794.79 crore). After incorporating non-cash adjustments such as depreciation (₹143.13 crore) and finance costs (₹155.18 crore), along with favorable working capital movements including a reduction in inventories (₹79.63 crore) and higher trade payables (₹255.85 crore), cash generated from operations improved significantly to ₹1,243.88 crore compared to ₹510.82 crore in FY24. However, substantial outflows under other operating cash movements amounting to ₹1,657.73 crore, coupled with tax payments of ₹183.73 crore, resulted in a net operating cash outflow of ₹597.57 crore. Although the operating cash deficit narrowed considerably from FY24 's outflow of ₹1,563.34 crore, the negative operating cash flow indicates that the company 's reported profits are yet to translate fully into cash generation.

Cash Flow from Investing Activities

The company recorded a net cash outflow of ₹358.18 crore from investing activities during FY25, compared with a net inflow of ₹171.85 crore in FY24. This was primarily due to capital expenditure of ₹617.04 crore towards property, plant, and equipment, reflecting continued investment in infrastructure and business expansion. The outflow was partially offset by other investing inflows of ₹249.45 crore and proceeds from the sale of fixed assets amounting to ₹9.41 crore. The shift from a positive investing cash flow in FY24 to a negative position in FY25 suggests a higher level of strategic investment, which may support future growth but also increases short-term cash requirements.

Cash Flow from Financing Activities

Financing activities remained the company 's primary source of liquidity, generating a net cash inflow of ₹1,799.92 crore, higher than the ₹1,466.02 crore reported in FY24. The company raised ₹5,353.68 crore through borrowings and repaid ₹3,456.65 crore, resulting in a significant net debt inflow. Additional support came from the issue of shares amounting to ₹93.88 crore. Cash outflows relating to finance lease liabilities and lease obligations totaled ₹191.32 crore. The strong positive financing cash flow highlights the company 's reliance on external funding sources to support operating requirements and investment activities, particularly in light of the negative operating cash flow.

Net Cash Position

Despite negative cash generation from operating activities and substantial capital expenditure, the company achieved a net increase in cash and cash equivalents of ₹844.16 crore during FY25, compared to only ₹74.52 crore in FY24. Consequently, the closing cash balance increased significantly to ₹1,290.17 crore from ₹446.01 crore in the previous year. This improvement reflects strong liquidity and enhanced cash reserves at year-end. However, the increase was largely driven by financing inflows rather than internally generated operating cash. Therefore, while the short-term liquidity position appears robust, sustained financial strength will depend on the company 's ability to improve operating cash flow generation and reduce dependence on borrowings over the long term.