Power Exchange India Limited (Power Exchange PXIL ) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Power Exchange India Limited

Power Exchange India Limited Standalone Balance Sheet (Rs. In Lakhs)

Particular	31-03-2025	31-03-2024
Non- Current assets
Property, Plant and Equipment	42.44	17.34
Intangible assets	314.49	395.21
Right to use assets	469.58	281.63
Non-current bank balance	1,209.38	1,937.80
Other financial assets	64.89	59.51
Deferred tax assets (net)	28.71	58.46
Non-current tax assets (net)	113.12	161.59
Other non-current assets	6.21	4.13
Current assets
Investments	5,857.85	157.04
Trade receivables	9.29	3.23
Cash and cash equivalents	15,904.56	19,871.67
Bank balances other than above	8,064.07	10,583.17
Other financial assets	532.15	406.64
Other current assets	31.53	19.28
Total Assets	32,648.27	33,956.68
Equity
Equity Share Capital	5,847.01	5,847.01
Other Equity	5,915.15	3,342.48
Non-current liabilities
Non-current liabilities	570.94	357.94
Current liabilities
Deposits (unsecured)	1,541.47	1,506.47
Other financial liabilities	17,672.19	21,501.27
Total outstanding dues of micro and small enterprises	12.68	5.27
Total outstanding dues other than above	604.90	889.84
Other current liabilities	165.76	151.22
Provision	249.12	162.18
Income tax liabilities (net)	69.05	193.03
Total equity and liabilities	32,648.27	33,956.68

Power Exchange India Limited Standalone Profit & Loss (Rs. In Lakhs)

Particulars	31-03-2025	31-03-2024
Revenue from operations	7,707.60	5,421.83
Other Income	1,587.19	900.10
Total income	9,294.79	6,321.93
Expenses
Employee benefit expense	1,486.77	1,092.95
Finance cost	73.11	47.60
Depreciation and amortization expense	281.14	337.57
Other expenses	2,823.45	1,885.81
Total expenses	4,664.47	3,363.93
Profit Before Tax	4,630.32	2,958.00
Current tax	1,150.00	772.00
Deferred tax	31.34	(24.19)
Income tax adjustment relating to earlier year	(5.46)	-
Profit for the year	3,454.44	2,210.19
Other Comprehensive Income (OCI)
Items that will not be reclassified subsequently to profit or loss
Remeasurements of the defined benefit plans	(6.31)	(15.63)
Tax impact on measurement of defined benefit plans	1.59	3.93
Total Comprehensive Income for the year	3,449.72	2,198.49
Earnings per equity share (in Rs.)
Basic	5.91	3.78
Diluted	5.91	3.78

Power Exchange India Limited Standalone Cash Flow Statement (Rs. In Lakhs)

Particular	31-03-2025	31-03-2024
Cash Flow From Operating Activities
Net Profit Before Tax as per statement of profit and loss	4,630.32	2,958.00
Adjustments for:
Depreciation and amortisation expense	175.02	258.38
Amortisation of right to use assets	103.14	77.39
Interest on lease liabilities	31.71	13.21
(Gain) on sale of property, plant & equipment’s	(0.03)	-
(Gain) on sale of investments	(50.46)	(4.48)
(Gain) on lease rent termination	(25.61)	-
Net loss/(gain) on investments measured at FVTPL	(135.89)	(5.18)
Amortization-financial assets	2.97	1.80
Interest on fixed deposits	(1,084.98)	(869.96)
Provision no longer required written off	252.64	18.38
Interest income from financial assets at amortised cost	(2.95)	(1.87)
Operating Profit before Working Capital Changes	3,895.88	2,445.67
Change in Operating Assets and Liabilities
(Increase)/decrease in trade receivables	(6.07)	11.31
(Increase) in other financial assets	(117.22)	(0.90)
(Increase) in other non-current assets	(2.08)	(2.84)
(Increase) in other current assets	(9.30)	(8.46)
(Decrease)/increase in trade payables, liabilities & provisions	(4,456.24)	14,747.94
Cash generated from Operations	(695.03)	17,192.72
Income taxes (paid) / (net of refund)	(959.56)	(714.38)
Net Cash generating from Operating Activities	(1,654.59)	16,478.35
Cash Flow From Investing Activities
Payment for property, plant and equipment and intangibles assets	(119.41)	(236.16)
Payment for investments in fixed deposits	(34,110.66)	(24,752.27)
Proceeds from fixed assets	37,358.18	23,705.26
Payment for purchase of investments	(7,749.66)	(1,144.98)
Proceeds from sale of investments	2,235.19	1,044.31
Proceeds from disposal of property, plant and equipment	0.03	-
Interest received	1,068.34	687.87
Net Cash From Investing Activities	(1,317.99)	(695.97)
Cash Flow From Financing Activities
Payment of lease liability	(85.76)	(86.47)
Dividend paid	(877.05)	-
Interest on lease liabilities	(31.72)	(13.21)
Net Cash From Financing Activities	(994.53)	(99.68)
Net Increase/(Decrease) in Cash and Cash Equivalents	(3,967.11)	15,682.70
Opening balance of cash and cash equivalents	19,871.67	4,188.97
Closing balance of cash and cash equivalents	15,904.56	19,871.67

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

Cash Flow from Operating Activities

In FY 2025, the company reported a net profit before tax of ₹4,630.32 lakhs compared to ₹2,958.00 lakhs in FY 2024. After adjusting for non-cash items like depreciation (₹175.02 lakhs), amortisation of assets (₹103.14 lakhs), and provisions written off (₹252.64 lakhs), as well as deducting interest income (₹1,084.98 lakhs) and gains from investments, the operating profit before working capital changes stood at ₹3,895.88 lakhs, higher than ₹2,445.67 lakhs in FY 2024.

However, there was a sharp increase in liabilities and provisions last year (+₹14,747.94 lakhs), which turned negative this year with a reduction of ₹4,456.24 lakhs. Along with increases in other assets, the company reported negative cash flow from operations of ₹(1,654.59) lakhs in FY 2025 versus a strong ₹16,478.35 lakhs inflow in FY 2024. This shows that working capital movements heavily impacted cash generation in 2025.

Cash Flow from Investing Activities

In FY 2025, the company invested ₹34,110.66 lakhs in fixed deposits and ₹7,749.66 lakhs in investments, while it received ₹37,358.18 lakhs back from maturing deposits and ₹2,235.19 lakhs from sale of investments. It also earned ₹1,068.34 lakhs as interest. After adjusting for capital expenditure (₹119.41 lakhs), the net investing cash outflow was only ₹1,317.99 lakhs, slightly higher than the previous year’s outflow of ₹695.97 lakhs. This indicates that investing activities were balanced by inflows from deposits and investments.

Cash Flow from Financing Activities

The company paid ₹877.05 lakhs as dividend, ₹85.76 lakhs towards lease liabilities, and ₹31.72 lakhs as lease interest in FY 2025. This resulted in a net financing outflow of ₹994.53 lakhs, higher than the previous year’s outflow of only ₹99.68 lakhs. The increase is mainly due to dividend payments.

Net Cash Flow & Closing Balance

Overall, the company had a net decrease in cash of ₹3,967.11 lakhs in FY 2025, compared to a big increase of ₹15,682.70 lakhs in FY 2024. Despite this decline, the company still holds a healthy closing cash balance of ₹15,904.56 lakhs as of March 2025, though lower than last year’s ₹19,871.67 lakhs.

Power Exchange India Limited Financial Ratios

Particular	31-03-2025	31-03-2024
Current Ratio (in times)	1.50	1.27
Return on Equity Ratio (in %)	32.93%	27.17%
Trade receivable Turnover Ratio (in times)	829.40	1681.17
Trade Payable Turnover Ratio (in times)	4.57	2.11
Net Capital Turnover Ratio (in times)	0.76	0.82
Net Profit Ratio (in %)	44.76%	40.55%
Return on Capital Employed Ratio (in %)	47.58%	41.32%
Debt Equity ratio (in times)	0.04	0.03
Debt Services Coverage Ratio (in times)	23.97	19.36
Return on investment (in %)	7.38%	6.33%

Summary of the financial ratio for the years 2025 and 2024:

Current Ratio (2025: 1.50 | 2024: 1.27)
The current ratio has improved, meaning the company is in a better position to meet its short-term liabilities with its short-term assets. This shows stronger liquidity and financial stability.

Return on Equity – ROE (2025: 32.93% | 2024: 27.17%)
ROE has increased, which means the company is generating higher profits for its shareholders compared to last year. This indicates better efficiency in using equity capital.

Trade Receivable Turnover (2025: 829.40 | 2024: 1681.17)
The turnover ratio has dropped significantly, showing that receivables are being collected slower than before. This could point to a slightly less efficient collection cycle.

Trade Payable Turnover (2025: 4.57 | 2024: 2.11)
This ratio has more than doubled, suggesting the company is paying its suppliers faster than last year. While this improves relationships with creditors, it may reduce available cash if not managed well.

Net Capital Turnover (2025: 0.76 | 2024: 0.82)
The ratio has fallen slightly, meaning the company is generating a little less revenue from its capital employed. This shows a minor decline in efficiency of using capital.

Net Profit Ratio (2025: 44.76% | 2024: 40.55%)
The net profit margin has improved, which is a positive sign. It means the company is keeping more profit out of its total revenue compared to the previous year.

Return on Capital Employed – ROCE (2025: 47.58% | 2024: 41.32%)
ROCE has increased, showing that the company is using its capital more effectively to generate profits. This is a very strong indicator of performance.

Debt-Equity Ratio (2025: 0.04 | 2024: 0.03)
The ratio is very low and stable, which means the company relies very little on borrowed funds. This reflects a strong and safe capital structure.

Debt Service Coverage Ratio – DSCR (2025: 23.97 | 2024: 19.36)
DSCR has improved, indicating the company has more than enough earnings to comfortably meet its debt obligations. This reduces financial risk.

Return on Investment – ROI (2025: 7.38% | 2024: 6.33%)
ROI has gone up, which means the company is earning better returns on the money invested compared to last year.