| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Ritz Mercantile Limited |
|
Particulars |
2025 |
2024 |
|
I. ASSETS |
|
|
|
Non-current assets |
|
|
|
a)Property, Plant and Equipment |
43,224.60 |
25,376.83 |
|
b) Financial Assets |
|
|
|
i) Investments |
9,438.62 |
8,987.90 |
|
ii) Loan |
- |
1,630.00 |
|
ii) Other Financial Assets |
65.51 |
61.19 |
|
h) Deferred Tax Assets |
639.19 |
678.11 |
|
Total Non-current assets |
53,367.91 |
36,734.03 |
|
Current assets |
|
|
|
a) Financial Assets |
|
|
|
i) Trade receivables |
|
|
|
ii) Cash and cash equivalents |
293.69 |
74.33 |
|
b) Other current assets |
|
2,373.33 |
|
c) Current Tax Assets |
|
9.74 |
|
Total Current Assets |
293.69 |
2,457.40 |
|
Total Assets |
53,661.61 |
39.191.43 |
|
II. EQUITY AND LIABILITIES |
|
|
|
Equity |
|
|
|
a) Equity Share Capital |
10,500.00 |
10,500.00 |
|
b) Other Equity |
19,338.69 |
10,155.21 |
|
Total Equity |
29,838.69 |
20,655.21 |
|
Liabilities |
|
|
|
Non-current liabilities |
|
|
|
a) Financial Liabilities |
|
|
|
i) Borrowings |
22,947.03 |
18,247.03 |
|
Total non-current liabilities |
22,947.03 |
18,247.03 |
|
Current liabilities |
|
|
|
a) Other current liabilities |
433.54 |
289.20 |
|
b) Current tax Liabilities (Net) |
442.35 |
|
|
Total Current Liabilities |
875.89 |
289.20 |
|
Total Liabilities |
23,822.92 |
18,536.23 |
|
Total Equity and Liabilities |
53,661.61 |
39,191.43 |
|
Particulars |
2025 |
2024 |
|
INCOME |
|
|
|
Revenue from operations |
- |
- |
|
Other income |
394.95 |
822.75 |
|
Total Income (A) |
394.95 |
822.75 |
|
Expenses |
|
|
|
Cost of material consumed |
- |
- |
|
Changes in inventories of finished goods/traded goods and work-in-
progress |
- |
- |
|
Employee benefits expense |
675.89 |
272.84 |
|
Finance Cost |
- |
- |
|
Depreciation and amortisation expense |
- |
- |
|
Other expenses |
794.48 |
366.38 |
|
Total Expenses (B) |
1,470.37 |
639.22 |
|
Profit Before Exceptional Items And Tax |
-1,075.41 |
183.53 |
|
Exceptional Items |
11,819.55 |
- |
|
Profit before tax |
10,744.13 |
183.53 |
|
Tax expense: |
|
|
|
Current Tax |
1,665.00 |
47.72 |
|
Previous Year Tax |
4.17 |
5.75 |
|
Deferred Tax |
- |
-166.20 |
|
Profit After Tax |
9,074.96 |
296.26 |
|
Other Comprehensive Income/(Loss) |
108.52 |
-144.56 |
|
a) Items that will not be reclassified to profit and loss |
|
|
|
b) Income tax relating to items that will not be reclassified to
profit and loss |
- |
- |
|
Total comprehensive income for the year |
9,183.48 |
151.70 |
|
Earnings per equity share |
|
|
|
(1) Basic |
8.75 |
0.28 |
|
(2) Diluted |
8.75 |
0.28 |
|
Particulars |
2025 |
2024 |
|
Cash flow from/(used in) operating activities |
|
|
|
Profit before tax |
10,744.13 |
183.53 |
|
Adjustment for: |
|
|
|
Dividend income |
-25.43 |
-25.61 |
|
Interest income on deposits |
-4.32 |
-4.14 |
|
Profit on sale of share |
-16.90 |
- |
|
Profit on Property |
-11,819.55 |
- |
|
Excess income tax provision w/off |
- |
-5.75 |
|
Depreciation and amortization |
- |
- |
|
Operating profit before working capital changes |
-1,122.07 |
148.03 |
|
Movement in working capital: |
|
|
|
Net Increase/(decrease) in Liabilities |
- |
- |
|
Increase/(decrease) in trade payable and other financial liabilities |
- |
- |
|
Increase/(decrease) in other financial liabilities |
144.35 |
-51.37 |
|
Increase / (Decrease) in Other Current Liabilities |
- |
- |
|
(Increase)/decrease in trade and other receivables |
- |
1,341.02 |
|
(Increase)/decrease in inventories |
- |
- |
|
(Increase)/decrease in Loans |
1,630.00 |
- |
|
(Increase)/decrease in Other Current Assets |
2.373.33 |
-13.22 |
|
Net (Increase)/decrease in Assets |
- |
9.90 |
|
Cash generated/(used) in operations |
3,025.61 |
1,434.36 |
|
Income tax paid |
-1.217.08 |
-47.72 |
|
Cash generated/(used) in operations |
1,808.53 |
1,386.64 |
|
Cash flow from/(used) investing activities |
|
|
|
Dividend Income |
25.43 |
25.61 |
|
Interest income on deposits |
4.32 |
4.14 |
|
Profit on sale of property |
11.819.55 |
- |
|
Profit on sale of investment |
16.90 |
- |
|
(Increase)/decrease Other Financial Assets |
-4.32 |
-4.14 |
|
(Increase)/decrease in Loan |
400 |
100 |
|
(increase)/decrease in property |
-17,847.77 |
- |
|
(Increase)/decrease in Investment |
-303.28 |
- |
|
Cash generated/(used) in investing activities |
-6,289.16 |
25.61 |
|
Cash flow from/(used) Financing activities |
|
|
|
Increase / (Decrease) Long term Borrowings |
4,700.00 |
-1,367.97 |
|
Cash generated/(used) in financing activities |
4,700.00 |
-1,367.97 |
|
Net increase/(decrease) in cash and cash equivalents |
219.36 |
44.28 |
|
Total Cash and cash equivalent at beginning of year |
74.33 |
30.04 |
|
Total Cash and cash equivalent at end of year |
293.69 |
74.33 |
|
Net increase/(decrease) as disclosed above |
219.36 |
44.28 |
Cash Flow Statement Analysis – RITZ MERCANTILE LIMITED
(All figures in ₹ ‘000)
During FY 2025, the company reported a Profit Before Tax of ₹10,744.13 (‘000) compared to ₹183.53 (‘000) in FY 2024. However, after adjusting for non-operating incomes such as profit on sale of property (₹11,819.55), profit on sale of shares (₹16.90), dividend income, and interest income, the operating profit before working capital changes turned negative at ₹(1,122.07) (‘000), against a positive ₹148.03 (‘000) in FY 2024).
Working capital adjustments significantly supported cash generation. Major contributors were:
Decrease in loans: ₹1,630.00 (‘000)
Decrease in other current assets: ₹2,373.33 (‘000)
Increase in other financial liabilities: ₹144.35 (‘000)
As a result, cash generated from operations stood at ₹3,025.61 (‘000) compared to ₹1,434.36 (‘000) in FY 2024. After income tax payment of ₹1,217.08 (‘000), net cash from operating activities was ₹1,808.53 (‘000), higher than ₹1,386.64 (‘000) in the previous year.
This indicates that despite lower core operating profitability (after excluding exceptional gains), effective working capital management supported positive operational cash flows.
Investing activities resulted in a substantial net cash outflow of ₹(6,289.16) (‘000) during FY 2025, compared to a marginal inflow of ₹25.61 (‘000) in FY 2024.
Major investing movements include:
Purchase of property: ₹(17,847.77) (‘000)
Investment in financial assets: ₹(303.28) (‘000)
Increase in loans: ₹400 (‘000)
These outflows were partially offset by:
Profit on sale of property: ₹11,819.55 (‘000)
Profit on sale of investment: ₹16.90 (‘000)
Dividend and interest income
The large capital deployment towards property indicates expansion or asset acquisition during the year.
Financing activities generated a net cash inflow of ₹4,700.00 (‘000) in FY 2025, as against an outflow of ₹(1,367.97) (‘000) in FY 2024.
The inflow was due to an increase in long-term borrowings amounting to ₹4,700.00 (‘000). In the previous year, borrowings were reduced.
This suggests that the company raised debt primarily to support its investing activities and capital expenditure during the year.
Overall, cash and cash equivalents increased by ₹219.36 (‘000) in FY 2025, compared to an increase of ₹44.28 (‘000) in FY 2024.
Opening cash balance: ₹74.33 (‘000)
Closing cash balance: ₹293.69 (‘000)
Despite heavy investment outflows, the company maintained liquidity through positive operating cash flows and additional borrowings.
RITZ MERCANTILE LIMITED showed strong reported profitability in FY 2025 mainly due to exceptional gains from sale of property and investments. Core operating performance (excluding one-time gains) appears relatively weak; however, effective working capital management ensured positive operating cash flow. The company undertook significant capital investment funded largely through borrowings, reflecting an expansion-oriented financial strategy while maintaining stable liquidity.
