| Periods | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | All Time |
|---|---|---|---|---|---|---|---|
| Primex-40 | |||||||
| Vadilal Dairy International Limited |
|
Particular |
31-03-2025 |
31-03-2024 |
|
Non- Current assets |
||
|
Property, Plant and Equipment |
769.54 |
737.05 |
|
Investments |
8.00 |
8.00 |
|
Other financial assets |
325.70 |
323.00 |
|
Deferred tax assets net |
155.09 |
139.72 |
|
Current assets |
||
|
Inventories |
840.92 |
863.96 |
|
Investments |
4.46 |
6.39 |
|
Trade receivables |
410.42 |
307.08 |
|
Cash and cash equivalents |
30.34 |
31.66 |
|
Loans & Advances |
16.18 |
36.76 |
|
Other current assets |
161.18 |
107.27 |
|
Total Assets |
2,721.84 |
2,560.90 |
|
Equity |
||
|
Equity Share Capital |
319.42 |
319.42 |
|
Other Equity |
273.43 |
359.26 |
|
Non-current liabilities |
||
|
Long term borrowings |
938.32 |
738.99 |
|
Provisions |
51.25 |
51.91 |
|
Current liabilities |
||
|
Borrowings |
420.97 |
458.29 |
|
Trade payables |
414.40 |
363.46 |
|
Total outstanding dues of micro and small enterprises |
155.31 |
141.50 |
|
Total outstanding dues other than above |
259.09 |
221.96 |
|
Provisions |
28.04 |
22.86 |
|
Other current liabilities |
276.01 |
246.72 |
|
Total equity and liabilities |
2,721.85 |
2560.91 |
|
Particulars |
31-03-2025 |
31-03-2024 |
|
Revenue from operations |
2,662.65 |
2,501.93 |
|
Other Income |
46.03 |
44.05 |
|
Total income |
2,708.68 |
2,545.98 |
|
Expenses |
|
|
|
Cost of materials consumed |
1,287.02 |
1,204.09 |
|
Change in inventories of finished goods and work-in-progress
and stock in trade |
12.35 |
30.61 |
|
Employee benefit expense |
345.82 |
330.62 |
|
Finance cost |
39.31 |
30.13 |
|
Depreciation and amortization expense |
175.26 |
200.24 |
|
Other expenses |
953.15 |
925.58 |
|
Total expenses |
2,812.92 |
2,721.27 |
|
Profit/(loss) Before Tax |
(104.24) |
(175.30) |
|
Deferred tax |
(15.36) |
2.76 |
|
Profit/(loss) for the year |
(88.87) |
(178.05) |
|
Other Comprehensive Income (OCI) |
|
|
|
Items that will not be reclassified subsequently to profit or loss |
|
|
|
Remeasurements of the defined benefit plans |
3.05 |
(7.31) |
|
Income tax on items that will not be reclassified subsequently to statement of
profit and loss |
(0.79) |
1.90 |
|
Other Comprehensive Income for the year |
2.25 |
(5.41) |
|
Total Comprehensive Income for the year |
(86.62) |
(183.47) |
|
Earnings per equity share (in Rs.) |
|
|
|
Basic |
(2.78) |
(5.57) |
|
Diluted |
(2.78) |
(5.57) |
|
Particular |
31-03-2025 |
31-03-2024 |
|
Cash Flow From Operating Activities |
|
|
|
Net
Profit / (Loss) after extraordinary items and tax |
(104.24) |
(175.30) |
|
Adjustments for: |
|
|
|
Depreciation and amortisation expense |
175.26 |
200.24 |
|
Finance costs |
(39.31) |
(30.13) |
|
Interest income |
1.38 |
0.06 |
|
Dividend income |
0.03 |
0.02 |
|
Deferred tax |
(15.36) |
2.76 |
|
Operating Profit/(Loss) before Working Capital Changes |
17.76 |
(2.34) |
|
Adjustments for: |
|
|
|
Trade and other receivables |
(103.33) |
(81.17) |
|
Inventories |
23.04 |
68.17 |
|
Trade and other payables |
84.76 |
(133.29) |
|
Net Cash Flow from Operating Activities |
22.23 |
(148.65) |
|
Cash Flow From Investing Activities |
|
|
|
Capital
expenditure on fixed assets, including capital advances |
(207.75) |
(79.35) |
|
Purchase of investments |
1.93 |
(1.03) |
|
Interest received |
1.38 |
(0.06) |
|
Dividend received |
(0.03) |
(0.02) |
|
Net Cash Flow From Investing Activities |
(207.23) |
(80.74) |
|
Cash Flow From Financing Activities |
|
|
|
Share
application money received / (refunded)/ Change in Equity |
18.41 |
(10.07) |
|
Proceeds
from long-term borrowings |
162.01 |
215.25 |
|
Repayment
of long-term borrowings |
(36.04) |
(27.32) |
|
Finance
cost |
39.31 |
30.13 |
|
Net Cash Flow From Financing Activities |
183.69 |
207.99 |
|
Net Increase/(Decrease) in Cash and Cash Equivalents |
(1.31) |
(21.39) |
|
Opening balance of cash and cash equivalents |
31.66 |
53.05 |
|
Closing balance of cash and cash equivalents |
30.35 |
31.66 |
Summary of the Cash Flow Statement
for the years 2025 and 2024:
Cash Flow from Operating Activities
In 2025,
the company posted a small net loss after tax of ₹104.24 lakhs, better
than the bigger loss of ₹175.30 lakhs in 2024. After adding back
non-cash expenses like depreciation of ₹175.26 lakhs and adjusting for
finance costs, interest, and tax, the operating profit before working capital
changes turned slightly positive at ₹17.76 lakhs in 2025, compared to a
small negative of ₹2.34 lakhs last year. Working capital movements
supported cash flow: receivables increased by ₹103.33 lakhs (which hurt
cash), inventories decreased by ₹23.04 lakhs (released cash), and
payables rose by ₹84.76 lakhs (also added cash). Overall, the company
generated a positive operating cash flow of ₹22.23 lakhs in 2025, while
last year it had an outflow of ₹148.65 lakhs. This is a clear sign of
improvement in day-to-day operations.
Cash Flow from Investing Activities
In 2025,
the company spent ₹207.75 lakhs on capital expenditure for fixed assets,
which is much higher than ₹79.35 lakhs in 2024. On the other hand, it
received small inflows like ₹1.93 lakhs from sale of investments, ₹1.38
lakhs as interest, and a token ₹0.03 lakhs as dividend. Overall,
investing activities resulted in a net outflow of ₹207.23 lakhs in 2025,
compared to ₹80.74 lakhs last year. This shows that the company is
investing heavily in its assets, which impacts short-term cash but could
support future growth.
Cash Flow from Financing Activities
In 2025,
the company raised ₹18.41 lakhs through share application/equity,
borrowed ₹162.01 lakhs as new long-term loans, and repaid ₹36.04
lakhs of borrowings. It also paid ₹39.31 lakhs in finance costs. As
a result, financing activities brought in a net inflow of ₹183.69 lakhs in
2025, compared to ₹207.99 lakhs in 2024. This indicates that the
company continues to rely on borrowings and equity contributions to support its
cash needs.
Net Cash Position
After
combining all activities, the company had a small net cash outflow of ₹1.31
lakhs in 2025, compared to a larger outflow of ₹21.39 lakhs in 2024.
Cash and cash equivalents decreased slightly from ₹31.66 lakhs to ₹30.35
lakhs by year-end.
|
Particular |
31-03-2025 |
31-03-2024 |
|
Current Ratio (in times) |
1.28 |
1.24 |
|
Debt Equity Ratio (in times) |
2.29 |
1.76 |
|
Debt Service Coverage Ratio (in times) |
(1.68) |
(5.34) |
|
Return on Equity Ratio (in %) |
(15)% |
(26)% |
|
Inventory Turnover Ratio (in times) |
1.52 |
0.00 |
|
Trade receivable Turnover Ratio (in times) |
7.42 |
0.00 |
|
Trade Payable Turnover Ratio (in times) |
3.29 |
0.00 |
|
Net Capital Turnover Ratio (in times) |
8.22 |
9.56 |
|
Net Profit Ratio (in %) |
(3)% |
(7)% |
|
Return on Capital Employed Ratio (in %) |
(0.04) |
(0.10) |
|
Return on investment (in %) |
(3)% |
(6)% |
Summary of the financial ratio for
the years 2025 and 2024:
Current Ratio
The
current ratio improved slightly from 1.24 in 2024 to 1.28 in 2025. This
means the company has ₹1.28 of current assets for every ₹1 of current
liabilities. While the increase shows a little better short-term liquidity, it
is still on the lower side and indicates tight working capital management.
Debt-Equity
Ratio
The
debt-equity ratio went up from 1.76 to 2.29. This shows the company is
now more dependent on borrowed funds compared to shareholders’ equity. A higher
ratio signals higher financial risk, as more earnings will go toward paying
lenders.
Debt
Service Coverage Ratio
The DSCR
improved from (5.34) in 2024 to (1.68) in 2025, but it is still
negative. A negative DSCR means the company is not generating enough operating
cash to cover its debt obligations, which could create repayment difficulties.
Return on
Equity
ROE
improved from (26)% to (15)%, which is still negative. This means
shareholders are facing losses on their equity investment, though the losses
are lower than last year.
Inventory
Turnover Ratio
The
inventory turnover ratio increased to 1.52 times in 2025, whereas it was
0.00 in 2024 (no sales or inventory movement). This shows the company
has started utilizing its inventory better, though efficiency is still
relatively low compared to strong businesses.
Trade
Receivable Turnover Ratio
The
receivable turnover ratio improved to 7.42 times in 2025, compared to 0.00
in 2024. This means the company is now collecting money from customers
faster, which is a positive sign for cash flow management.
Trade
Payable Turnover Ratio
The trade
payable turnover ratio stood at 3.29 times in 2025, up from 0.00 in
2024. This shows the company is now making payments to its suppliers more
regularly, reflecting better supplier relationship management.
Net
Capital Turnover Ratio
The ratio
fell from 9.56 in 2024 to 8.22 in 2025. This means the company is generating
slightly less revenue from its working capital than last year, pointing to
reduced efficiency in using funds.
Net
Profit Ratio (Profitability on Sales)
The net
profit ratio improved from (7)% in 2024 to (3)% in 2025. Although still
negative, the loss margin has narrowed, showing the company is moving toward
better cost control and reducing losses.
Return on
Capital Employed
ROCE
improved from (0.10)% in 2024 to (0.04)% in 2025, but it still remains
negative. This indicates the company is not yet able to generate positive
returns from the overall capital employed in the business.
Return on Investment
ROI also
improved from (6)% to (3)%, but like other profitability ratios, it is
still negative. This means investments are still generating losses, though the
extent of loss has reduced compared to last year.
