| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| The Hindustan Times Limited |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Non-current assets |
|
|
|
Plant, property and equipment |
279.22 |
288.60 |
|
Right to use assets |
138.00 |
157.46 |
|
Capital work in progress |
10.91 |
29.06 |
|
Investment property |
520.83 |
516.16 |
|
Goodwill on consolidation |
57.10 |
57.10 |
|
Other intangible assets |
132.31 |
156.22 |
|
Intangible assets under development |
0.15 |
0.15 |
|
Investment |
5,397.22 |
3,835.67 |
|
Loans |
1.85 |
58.50 |
|
Other financial assets |
18.25 |
57.53 |
|
Deferred tax assets |
166.92 |
167.68 |
|
Other non current assets |
18.12 |
14.67 |
|
Non current tax assets |
36.12 |
55.82 |
|
Current assets |
|
|
|
Inventories |
120.78 |
175.98 |
|
Investment |
1,898.09 |
1,622.45 |
|
Trade receivables |
456.90 |
458.91 |
|
Cash and cash equivalent |
60.49 |
92.53 |
|
Other bank balances |
7.04 |
45.73 |
|
Loans |
94.06 |
92.61 |
|
Other financial assets |
128.32 |
41.48 |
|
Current tax assets |
8.49 |
8.43 |
|
Other current assets |
193.86 |
169.25 |
|
Contract assets |
3.36 |
0.47 |
|
Total assets |
9,812.87 |
8,201.31 |
|
Equity |
|
|
|
Equity share capital |
5.32 |
5.32 |
|
Other equity |
6,559.73 |
5,029.65 |
|
Non controlling interest |
625.05 |
618.43 |
|
Non-Current liabilities |
|
|
|
Borrowings
|
34.26 |
192.41 |
|
Lease liabilities |
100.87 |
115.72 |
|
Other financial liabilities |
28.60 |
15.92 |
|
Deferred tax liabilities |
447.46 |
150.54 |
|
Other non current liabilities |
4.94 |
6.13 |
|
Provisions |
8.33 |
8.42 |
|
Contract liabilities |
179.39 |
1.56 |
|
Current liabilities |
|
|
|
Borrowings |
622.44 |
646.00 |
|
Lease liabilities |
13.47 |
12.24 |
|
Trade payables – total outstanding dues of micro
and small enterprises |
5.92 |
14.83 |
|
Trade payables – total outstanding dues other
than above |
276.71 |
316.74 |
|
Other current financial liabilities |
682.24 |
683.88 |
|
Other current liabilities |
88.59 |
88.36 |
|
Provisions |
124.06 |
128.42 |
|
Current tax liabilities |
0.01 |
0.01 |
|
Contract liability |
5.47 |
166.73 |
|
Total equity and liabilities |
9,812.87 |
8,201.31 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Income |
|
|
|
Revenue from Operations |
2,188.03 |
2,213.16 |
|
Other Income |
340.48 |
306.06 |
|
Total Income |
2,528.51 |
2,519.22 |
|
Expenses |
|
|
|
Cost of material consumed |
414.15 |
493.34 |
|
Decrease in inventories |
0.37 |
-0.26 |
|
Employee benefits expense |
672.29 |
614.26 |
|
Finance costs |
69.50 |
85.88 |
|
Depreciation & amortization expense |
102.62 |
109.28 |
|
Other Expenses |
1,044.00 |
1,111.96 |
|
Total Expenses |
2,302.93 |
2,414.45 |
|
Profit before exceptional items |
225.58 |
104.77 |
|
Exceptional items |
-5.81 |
- |
|
Profit before share of associate and joint venture and tax |
219.77 |
104.77 |
|
Share of joint venture |
- |
0.53 |
|
Share of associate |
26.20 |
70.08 |
|
Profit/(loss) before tax |
245.97 |
175.38 |
|
Current Tax expenses |
26.63 |
21.23 |
|
Adjustment of current tax relating to earlier
periods |
0.45 |
1.11 |
|
Deferred tax expense |
13.31 |
-33.48 |
|
Profit/ Loss after tax |
205.58 |
186.52 |
|
Other comprehensive income for the year |
|
|
|
Other items that will not be reclassified to P/L
account |
|
|
|
Change in value of investment |
1,694.13 |
691.75 |
|
Remeasurement gain/(loss) of the defined benefit
plans |
7.74 |
0.01 |
|
Equity instrument through other comprehensive
income |
-24.64 |
- |
|
Income tax effect |
-284.76 |
-73.78 |
|
Items that will be reclassified to P/L account |
|
|
|
Cashflow hedging reserve |
-1.50 |
-0.42 |
|
Income tax effect |
0.38 |
0.09 |
|
Cost of hedging reserve |
- |
0.04 |
|
Income tax effect |
- |
- |
|
Exchange differences on translation of foreign
translation |
0.42 |
0.04 |
|
Income tax effect |
- |
- |
|
Total comprehensive income for the year |
1,597.33 |
804.24 |
|
Earning per share |
|
|
|
Basic |
386.63 |
350.81 |
|
Diluted |
386.63 |
350.81 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Cash Flow from Operating Activities |
|
|
|
Net Profit/(loss) Before Tax |
219.77 |
104.77 |
|
Adjustment for -: |
|
|
|
Depreciation and
amortisation |
102.62 |
109.28 |
|
Net (gain) on disposal/impairment of property, plant and equipment |
-0.19 |
-1.53 |
|
Net (gain) on sale of
investment |
-191.41 |
-160.56 |
|
(profit) on sale of
investment properties |
-15.60 |
-7.68 |
|
Interest income from
investment and other |
-21.96 |
-12.25 |
|
Dividend income from
investments and other |
-60.71 |
-57.72 |
|
Unclaimed
balances/unspent liabilities written back |
-39.02 |
-18.18 |
|
Income from government
grant |
-1.20 |
-1.19 |
|
Interest expense |
66.55 |
81.48 |
|
Unwinding of discount
on security deposit |
-2.50 |
-0.43 |
|
Income from lease
termination |
-0.39 |
-0.89 |
|
Unrealised foreign
exchange loss/(gain) |
3.54 |
3.99 |
|
Impairment of doubtful
debts and advances |
6.15 |
9.59 |
|
Impairment/(reversal of
impairment) of investment property |
0.84 |
-4.32 |
|
Assets written off |
0.01 |
- |
|
Other changes in equity
|
-10.69 |
35.91 |
|
Gratuity expense |
9.37 |
8.42 |
|
Share based payment
expenses |
0.04 |
-0.30 |
|
Adjustment for change in working capital |
|
|
|
Trade receivables |
-4.14 |
-89.63 |
|
Trade payables |
-48.94 |
16.75 |
|
Inventories |
55.20 |
-19.22 |
|
Other financial and non
financial assets |
29.00 |
16.27 |
|
Increase in other financial and non financial liabilities and provisions |
54.35 |
40.09 |
|
Cashflow generated from operations |
150.69 |
52.66 |
|
Income tax paid |
317.33 |
37.90 |
|
Net Cash from/(used in) Operating Activities |
468.02 |
90.55 |
|
Cash Flow from Investing Activities |
|
|
|
Net (sale of) property, plant and equipment |
9.02 |
-63.35 |
|
Net proceed from / (purchase of) investment
property |
3.90 |
29.09 |
|
Net sale/ (purchase of) investment in mutual
funds and others |
-258.86 |
61.57 |
|
Interest received |
21.96 |
12.25 |
|
Dividend received |
60.71 |
57.72 |
|
Loans received back |
27.70 |
-160.20 |
|
Increase in unpaid dividend account |
5.49 |
-5.06 |
|
Movement in fixed deposits |
-44.17 |
3.96 |
|
Net Cash from / (used in) Investing Activities |
-174.25 |
-64.02 |
|
Cash Flow from Financing Activities |
|
|
|
Repayment of borrowings |
-182.01 |
123.00 |
|
Repayment of lease liabilities |
-17.50 |
-10.66 |
|
Interest paid |
-66.55 |
-81.48 |
|
Dividend paid |
-59.75 |
-56.30 |
|
Paid to non controlling interest |
- |
- |
|
Net Cash from/(used in) Financing Activities |
-325.81 |
-25.44 |
|
Net Increase/decrease in Cash & cash
equivalents |
-32.04 |
1.09 |
|
Cash and cash equivalents at the beginning of the
year |
92.53 |
91.44 |
|
Cash and cash equivalents at the end of the year |
60.49 |
92.53 |
Summary of the Cash Flow Statement for the
years 2025 and 2024:
Cash Flow from Operating
Activities
The company reported a strong improvement in operating cash flows during FY
2024–25, supported by higher profit before tax of ₹219.77 crore compared to
₹104.77 crore in the previous year. Adjustments show significant non-operating
income such as gains from sale of investments and investment properties, which
reduced the core operating profitability impact. Working capital changes were
largely favorable, with inventory reduction and an increase in other
liabilities contributing positively, although trade payables declined. Despite
a high tax payment of ₹317.33 crore, the reported net cash from operating activities
stands significantly higher at ₹468.02 crore versus ₹90.55 crore last year,
indicating a substantial improvement, though the magnitude suggests the need
for careful interpretation of adjustments.
Cash Flow from Investing
Activities
Investing activities resulted in a net cash outflow of ₹174.25 crore compared
to ₹64.02 crore in the previous year. The primary driver was a large outflow
towards investments in mutual funds and other instruments (₹258.86 crore). This
was partially offset by steady inflows from interest income, dividend income,
and recovery of loans. Additionally, there were smaller inflows from the sale
of property, plant, equipment, and investment properties. Overall, the company
appears to have increased its investment allocation during the year.
Cash Flow from Financing
Activities
Financing activities recorded a substantial net cash outflow of ₹325.81 crore,
compared to a smaller outflow of ₹25.44 crore in the previous year. This was
mainly due to significant repayment of borrowings (₹182.01 crore), along with
interest payments, lease liability repayments, and consistent dividend payouts.
Unlike the previous year, where borrowings increased, the company is now
focused on reducing its debt levels while continuing to reward shareholders.
Net Increase/Decrease in
Cash & Cash Equivalents
As a result of strong operating inflows but higher investing and financing
outflows, cash and cash equivalents decreased by ₹32.04 crore during the year,
compared to a slight increase of ₹1.09 crore in the previous year. The closing
cash balance stood at ₹60.49 crore, down from ₹92.53 crore at the beginning of
the year, reflecting overall net cash outflow despite improved operational
performance.
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Current ratio |
3.42 |
2.95 |
|
Debt equity ratio |
0.01 |
- |
|
Debt service coverage
ratio |
36.98 |
42.72 |
|
Return on equity |
3.19% |
4.22% |
|
Trade receivables
turnover ratio |
2,603.18% |
2,594.80% |
|
Trade payables turnover
ratio |
433.36% |
469.30% |
|
Net capital turnover
ratio |
0.23 |
0.35 |
|
Net profit % |
111.17% |
97.33% |
|
Return on capital employed |
3.01% |
4.52% |
|
Return on investment |
35.15% |
22.99% |
Summary of Financial Ratios for the year 2025
and 2024.
Current Ratio
The current ratio improved to 3.42 in 2025 from 2.95 in 2024, indicating a
stronger short-term liquidity position. The company has more than adequate
current assets to cover its current liabilities, reflecting improved working
capital management and financial stability.
Debt Equity Ratio
The debt equity ratio stands at 0.01 in 2025 compared to a negligible or nil
level in 2024, showing that the company continues to operate with very low
leverage. This indicates a highly conservative capital structure with minimal
reliance on external debt.
Debt Service Coverage Ratio
The DSCR declined to 36.98 from 42.72, though it remains extremely strong. This
suggests that while the company’s ability to service its debt obligations has
slightly reduced, it is still comfortably positioned to meet interest and principal
payments.
Return on Equity
ROE decreased to 3.19% from 4.22%, indicating lower returns generated on
shareholders’ funds. This decline suggests that profitability relative to
equity has weakened during the year.
Trade Receivables Turnover
Ratio
The trade receivables turnover ratio marginally improved to 2,603.18% from
2,594.80%, reflecting efficient collection of receivables. The company
continues to maintain strong credit control and quick realization of dues.
Trade Payables Turnover
Ratio
The trade payables turnover ratio declined to 433.36% from 469.30%, indicating
that the company is taking relatively more time to pay its suppliers compared
to the previous year, which may support liquidity but could affect supplier
relationships if prolonged.
Net Capital Turnover Ratio
This ratio decreased to 0.23 from 0.35, suggesting lower efficiency in
utilizing working capital to generate revenue. It indicates that the company
may have excess working capital or reduced sales relative to its net current
assets.
Net Profit Percentage
Net profit margin increased significantly to 111.17% from 97.33%, which is
unusually high and likely driven by substantial non-operating income such as
gains on investments. This suggests that overall profitability was boosted more
by one-time or non-core items than by core operations.
Return on Capital Employed
ROCE declined to 3.01% from 4.52%, indicating reduced efficiency in generating
profits from total capital employed. This reflects weaker operational
performance relative to the capital base.
Return on Investment
ROI improved significantly to 35.15% from 22.99%, suggesting better returns
from the company’s investment portfolio. This aligns with the higher gains from
investments observed during the year and highlights strong performance in
non-core investment activities.
