SEIL Energy India Limited (SEIL Energy) Return Comparision with Primex 40 Index

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

SEIL Energy India Limited Consolidated Balance Sheet (Rs. in Millions)

Particulars	31-03-2025	31-03-2024
Non-current assets
Property, plant and equipment	1,31,189.28	1,36,988.93
Capital Work-in-progress	41.01	293.24
Goodwill	1,234.20	1,234.20
Other Intangible Assets	153.91	9.26
Trade Receivables	-	1,111.54
Other financial assets	1,080.39	821.78
Non-current tax assets (net)	1,271.60	1,030.07
Other non-current assets	402.90	417.22
Current assets
Inventories	6,615.70	8,347.43
Investments	4,076.01	385.99
Trade Receivables	24,799.70	33,087.18
Cash and cash equivalents	6,209.84	1,740.78
Bank balances other than cash and cash equivalents	14.52	-
Other financial assets	1,291.06	941.75
Other current assets	9,793.03	8,187.83
Total Assets	188,173.15	1,94,597.20
Equity
Equity Share capital	39,622.45	46,122.45
Other Equity	58,782.93	59,268.35
Non-Current liabilities
Borrowings	44,142.12	44,206.66
Lease liabilities	59.73	75.97
Provisions	93.55	63.01
Deferred tax liabilities (net)	15,711.63	10,920.90
Current liabilities
Borrowings	19,508.21	23,325.80
Lease liabilities	16.15	14.79
Trade Payables:
Dues to micro and small enterprises	211.89	102.18
Total outstanding dues of creditors other than Micro and Small Enterprises	2,732.62	4,335.06
Other financial liabilities	1,173.66	1,148.67
Other Current liabilities	2,908.57	2,848.27
Provisions	3,060.16	2,015.61
Current tax liabilities (net)	149.48	149.48
Total Equity and Liabilities	188,173.15	1,94,597.20

SEIL Energy India Limited Consolidated Profit and Loss Account (Rs. in Millions)

Particulars	31-03-2025	31-03-2024
Income
Revenue from Operation	92,588.83	98,323.20
Other Income	2,899.31	12,384.14
Total Income	95,458.14	1,10,707.34
Expenses
Cost of fuel	56,226.89	59,148.33
Transmission charges	162.95	1,092.13
Employee Benefit Expense	1,943.78	1,981.96
Finance Cost	6,600.94	7,092.09
Depreciation and Amortisation Expense	5,922.34	5,939.02
Impairment Loss/ (Reversal) on Financial Assets (net)	243.05	10.30
Other Expenses	4,485.21	4,877.34
Total Expense	75,585.16	80,141.17
Profit/Loss before tax	19,872.98	30,566.17
Deferred tax expenses	4,794.77	7,756.01
Profit after tax	15,078.21	22,810.16
Other comprehensive income
Items that will not be reclassified to profit or loss:
Remeasurement of post-employment benefit obligation	(16.06)	(10.23)
Income tax relating to above items	4.04	2.80
Total comprehensive income for the year	15,066.19	22,802.73
Earnings per Equity Share
Basic and Diluted	3.40	4.38

SEIL Energy India Limited Consolidated Cash Flow Statement (Rs. in Millions)

Particulars	31-03-2025	31-03-2024
Cash Flow from Operating Activities
Net Profit before Tax	19,872.98	30,566.17
Adjustments For:
Depreciation and Amortization	5,922.34	5,939.02
Finance costs	6,600.94	7,092.09
Impairment loss on financial assets	243.05	10.30
Unwinding of discount on trade and late payment surcharge receivables	(160.14)	(712.05)
Interest income on bank deposits	(165.87)	(342.67)
Interest income from others	(7.67)	(37.40)
Liabilities no longer required, written back	(198.85)	(8,411.72)
Claims settled	-	285.62
Property, plant and equipment written of	112.91	(12.40)
Other deductions to trade receivables	(660.32)	(1,069.27)
Net gain on financial assets measured at FVTPL	(135.88)	(79.47)
Net unrealised loss on foreign exchange fluctuation	22.43	28.45
Doubtful receivables and advances written of	-	1.37
Operating Profit/(Loss) before Working Capital Charges	31,445.92	33,258.04
Working Capital adjustments:
Decrease in Inventories	1,731.73	1,666.93
Decrease in Trade Receivables and late payment surcharge receivables	10,208.59	8,286.22
Decrease/(increase) in financial and non-financial assets	(2,178.37)	375.00
Decrease in Trade Payables other financial liabilities and current liabilities	(1,352.08)	(867.00)
Increase/(Decrease) in Provisions	1,059.03	(3.40)
Cash generated from Operating Activities	40,914.82	42,715.79
Income-tax paid (net of refund)	(241.53)	45.12
Net Cash Flow (Used in)/ Generated from Operating Activates	40,673.29	42,760.91
Cash Flow from Investing Activities
Payment for purchase of property, plant and equipment and capital work-in-progress	(127.71)	(1,217.67)
Interest income received on bank deposit	144.73	325.02
Investments in term deposits (net)	(285.78)	263.58
Interest income from others	4.59	37.40
Purchase of investments in mutual funds	(25,472.79)	(16,761.02)
Proceeds from sale of investments in mutual funds	21,918.65	16,611.94
Net Cash Flow (Used in)/ Generated from Investing Activities	(3,818.31)	(740.75)
Cash Flow from Financing Activities
Proceeds from long-term borrowings	4,711.73	14,750.00
Repayment of long-term borrowings	(4,648.74)	(3,789.50)
(Repayment)/Proceeds of short-term borrowings (net)	(3,994.22)	(10,656.29)
Payment of lease liabilities	(14.88)	(20.93)
Finance costs paid	(6,388.20)	(7,120.60)
Shares Buy back	(15,041.00)	(20,000.30)
Dividend paid	(7,010.61)	(14,472.45)
Net Cash Flow (Used in)/ Generated from Financing Activities	(32,385.92)	(41,310.07)
Net Increase in Cash and cash equivalents	4,469.06	710.09
Cash and cash equivalents at beginning of the year	1,740.78	1,030.69
Cash and cash equivalents at the end of the year	6,209.84	1,740.78

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

Cash Flow from Operating Activities

Net cash generated from operating activities declined marginally to ₹4,067.33 million in FY 2025 from ₹4,276.09 million in FY 2024, despite a sharp fall in profit before tax, which reduced to ₹1,987.30 million from ₹3,056.62 million. The impact of lower profitability was partly offset by strong non-cash adjustments such as depreciation and amortisation of ₹592.23 million and finance costs of ₹660.09 million. Operating cash flow was further supported by efficient working capital management, particularly a significant reduction in trade receivables of ₹1,020.86 million and inventories of ₹173.17 million. Overall, the company maintained robust operating cash generation despite weaker earnings.

Cash Flow from Investing Activities

Investing activities resulted in a higher net cash outflow of ₹381.83 million in FY 2025, compared to ₹74.08 million in FY 2024. This was mainly driven by increased net investments in mutual funds, where purchases of ₹2,547.28 million were partly offset by sale proceeds of ₹2,191.87 million. Capital expenditure was minimal at ₹12.77 million, significantly lower than the previous year, indicating limited investment in fixed assets. The investing cash flows reflect a strategy focused more on treasury and financial investments rather than capacity expansion.

Cash Flow from Financing Activities

Net cash outflow from financing activities stood at ₹3,238.59 million in FY 2025, lower than ₹4,131.01 million in FY 2024. The company continued to return capital to shareholders through a share buyback of ₹1,504.10 million and dividend payments of ₹701.06 million, though at reduced levels compared to the prior year. Borrowings were largely neutral, with long-term borrowings of ₹471.17 million almost fully offset by repayments of ₹464.87 million, while finance costs paid amounted to ₹638.82 million. The lower financing outflow indicates a moderated pay out approach and prudent debt management.

Net Change in Cash Position

As a result of strong operating cash flows and reduced financing outflows, cash and cash equivalents increased significantly by ₹446.91 million during FY 2025, compared to an increase of ₹71.01 million in FY 2024. Consequently, the cash balance rose to ₹620.98 million as of 31 March 2025 from ₹174.08 million at the beginning of the year, reflecting improved liquidity.

SEIL Energy India Limited Standalone Financial Ratios

Particulars	2025	2024
Current Ratio (times)	1.77	1.55
Debt-Equity Ratio (times)	0.65	0.64
Debt Service Coverage Ratio (times)	2.87	4.38
Return on Equity (%)	14.80%	20.50%
Inventory Turnover Ratio (in days)	47	56
Trade Receivables Turnover Ratio (in days)	116	139
Trade Payables Turnover Ratio (in days)	24	29
Net Capital Turnover Ratio (times)	4.02	5.24
Net Profit Ratio (%)	16.29%	23.20%
Return on Capital Employed (%)	14.89%	20.48%
Return on Investment (%)	14.07%	19.35%

Summary of the Financial Ratios for the years 2025 and 2024:

Current Ratio:
The current ratio improved from 1.55 in 2024 to 1.77 in 2025, indicating a stronger liquidity position. The company has enhanced its ability to meet short-term obligations, reflecting better working capital management.

Debt–Equity Ratio:
The debt–equity ratio remained largely stable at 0.65 in 2025 compared to 0.64 in 2024, showing no significant change in the capital structure. This indicates a balanced approach to debt financing without materially increasing financial risk.

Debt Service Coverage Ratio:
The DSCR declined from 4.38 to 2.87, suggesting reduced cash flow available for servicing debt. Although the coverage has weakened, it remains at a comfortable level, indicating that debt repayment obligations are still adequately covered.

Return on Equity:
ROE decreased from 20.50% to 14.80%, reflecting lower returns generated on shareholders’ funds. This indicates a decline in overall profitability or efficiency in utilizing equity capital during the year.

Inventory Turnover Ratio:
Inventory holding period improved from 56 days to 47 days, showing faster inventory movement. This reflects better inventory management and reduced holding costs.

Trade Receivables Turnover Ratio:
Receivable days reduced from 139 to 116 days, indicating improved collection efficiency. The company is converting credit sales into cash more quickly, supporting liquidity.

Trade Payables Turnover Ratio:
Payable days declined from 29 to 24 days, indicating quicker payments to suppliers. This may reflect stronger liquidity, though it slightly reduces the benefit of extended credit.

Net Capital Turnover Ratio:
The ratio declined from 5.24 to 4.02, suggesting lower efficiency in generating revenue from net working capital. This indicates relatively higher capital employed for the same level of operations.

Net Profit Ratio:
Net profit margin fell from 23.20% to 16.29%, indicating pressure on profitability. This may be due to higher costs or lower operating efficiency during the year.

Return on Capital Employed:
ROCE decreased from 20.48% to 14.89%, showing reduced efficiency in generating returns from total capital employed. This suggests a moderation in operating performance.

Return on Investment:
ROI declined from 19.35% to 14.07%, reflecting lower returns on overall investments. This aligns with the broader decline in profitability and capital efficiency during 2025.