Vanaz Engineers Limited (Vanaz) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Vanaz Engineers Limited

Vanaz Engineers Limited Standalone Balance Sheet (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Non-current assets
Property, Plant and Equipment	22.70	21.01
Capital work-in-progress	45.90	19.78
Other Intangible Assets	0.19	0.24
Loans	0.10	0.17
Other Financial Assets	22.92	19.99
Deferred tax assets (net)	0.11	0.15
Other non-current assets	0.80	1.26
Current assets
Inventories	24.19	19.83
Trade receivables	52.00	46.85
Cash and Cash Equivalents	2.35	0.63
Bank balance other than above	134.94	192.85
Current tax assets (net)	-	0.12
Other current assets	1.75	1.62
Total Assets	308.01	324.56
Equity
Equity Share Capital	1.96	2.15
Reserve & Surplus	258.52	281.38
Non-Current Liabilities	-	-
Current Liabilities
Trade payables
Total outstanding dues of micro & small enterprises	7.33	6.71
Total outstanding dues of creditors other than above	9.26	8.58
Other financial liabilities	17.46	14.88
Other current liabilities	4.78	5.46
Current tax liabilities (net)	2.27	-
Short term provisions	6.39	5.37
Total equity & liabilities	308.01	324.56

Vanaz Engineers Limited Standalone Profit & Loss Statement (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Revenue from Operations	359.82	309.92
Other Income	12.26	13.75
Total Income	372.09	323.68
Expenses
Cost of Materials Consumed	203.67	164.51
Changes in Inventories of finished goods & work in progress and stock in trade	-0.60	-0.26
Employee Benefits Expense	41.00	42.54
Depreciation & Amortisation Expense	1.83	1.72
Other Expenses	47.76	39.16
Total Expenses	293.66	247.68
Profit/loss before exceptional items & tax	78.43	75.99
Exceptional Items - Income	0.07	0.01
Profit/(loss) before tax	78.50	76.01
Current Tax	20.50	20.00
Deferred Tax Expense/(Income)	0.03	-0.32
Short Provision of Tax for Earlier years	-0.34	0.03
Profit for the year	58.31	55.90
Total Comprehensive Income	58.31	55.90
Earnings per share
Basic & Diluted	279.69	260

Vanaz Engineers Limited Standalone Cash Flow Statement (Rs in Crores)

Particulars	31-03-2025	31-03-2024
Cash flow from operating activities
Net profit before tax	78.50	75.62
Adjustments:
(Profit)/Loss on sale of Assets (Net)	-0.07	-0.01
Fixed Assets Discarded	0.07	-
Depreciation & Amortisation Expenses	1.83	1.72
Interest income	-11.71	-13.42
Operating Profit before working capital changes	68.62	63.90
Adjusted for: Trade Receivables	-5.14	-3.85
Loans	0.07	-0.10
Other Financial Assets	-2.93	43.13
Other non-current assets	0.45	-1.15
Inventories	-4.35	1.25
Other Bank Balances	57.90	-81.06
Other current assets	-0.13	-0.11
Trade Payables	1.29	-0.94
Others Payables	2.92	-1.84
Cash Generated from Operating activities	118.71	19.21
Tax Paid	-17.74	-21.63
Net cash from Operating	100.96	-2.42
cash flow from investing activities
Purchase of Fixed Assets	-3.58	-1.64
Sale of Fixed Assets	0.10	0.03
Addition to Capital work in Progress	-26.11	-8.79
Interest Income	11.71	13.42
Net cash from Investing	-17.88	3.01
Cash flow from financing activities
Short term borrowings (net)	-	-0.06
Dividends paid	-3.93	-4.30
Buyback of shares (incl tax on Buyback)	-32.57	-
Reduction in Share Capital	-44.84	-
Net cash used in Financing Activities	-81.36	-4.36
Net Increase in cash and cash Equivalents	1.72	-3.77
Opening Balance in cash and cash Equivalents	0.63	4.40
Closing Balance in cash and cash Equivalents	2.35	0.63

Summary of cash flow statement for the year 2025 and 2024:

Cash Flow from Operating Activities:
The company reported a strong operating cash inflow of ₹100.96 crore in FY 2025 compared to a negative ₹2.42 crore in FY 2024, indicating a major improvement in core business cash generation. While profit before tax increased slightly, the significant boost came from favorable working capital changes, particularly a large inflow from other bank balances and reduction in financial assets. However, some cash was tied up in higher receivables and inventories. Overall, the company demonstrated efficient conversion of profits into cash, reflecting improved operational performance and liquidity.

Cash Flow from Investing Activities:
Investing activities resulted in a net cash outflow of ₹17.88 crore in FY 2025, compared to an inflow of ₹3.01 crore in FY 2024. This outflow was mainly due to substantial capital expenditure, especially investment in capital work-in-progress and purchase of fixed assets. Interest income partially offset these outflows. The trend suggests that the company is actively investing in expansion or future growth opportunities, which may benefit long-term performance but reduces short-term cash availability.

Cash Flow from Financing Activities:
The company recorded a significant cash outflow of ₹81.36 crore from financing activities, sharply higher than the previous year’s ₹4.36 crore. This was primarily due to buyback of shares, reduction in share capital, and dividend payments. These actions indicate that the company returned a large amount of funds to shareholders, reflecting strong financial health and surplus cash availability. However, such high outflows also reduce the company’s cash reserves.

Net Change in Cash and Cash Equivalents:
Despite strong operating cash flows, the heavy outflows from investing and financing activities resulted in only a modest net increase in cash of ₹1.72 crore during FY 2025, compared to a decline in FY 2024. The closing cash balance rose to ₹2.35 crore from ₹0.63 crore, showing a slight improvement in liquidity. This indicates that most of the cash generated during the year was utilized for investments and shareholder payouts rather than being retained.

Financial Ratios of Vanaz Engineers Limited

Particulars	31-03-2025	31-03-2024
Current Ratio (in times)	4.53	6.38
Return on equity ratio (%)	21.43	21.69
Inventory Turnover Ratio	13.34	12.17
Trade receivable turnover ratio (in times)	7.28	6.92
Trade Payables turnover ratio (in times)	12.72	10.18
Net Capital turnover ratio (in times)	1.85	1.73
Net Profit ratio (%)	16.21	17.98
Return on Capital employed (%)	30.17	26.69
Return on Investment (%)	-	15.00

Summary of financial ratios for the year 2025 and 2024:

Current Ratio:
The current ratio decreased from 6.38 in 2023–24 to 4.53 in 2024–25. Although it has declined, the ratio still indicates a strong liquidity position, meaning the company remains well capable of meeting its short-term obligations. The reduction suggests relatively higher current liabilities or better utilization of current assets.

Return on Equity (ROE):
ROE slightly declined from 21.69% to 21.43%. This marginal drop indicates that the company continues to generate strong returns for shareholders, with only a slight reduction in profitability efficiency from equity investments.

Inventory Turnover Ratio:
The inventory turnover ratio improved from 12.17 to 13.34, reflecting better inventory management. This indicates faster movement of inventory and efficient conversion of stock into sales during the year.

Trade Receivables Turnover Ratio:
The ratio increased from 6.92 to 7.28, showing improved efficiency in collecting receivables. This suggests that the company is managing its credit policies more effectively and receiving payments from customers faster.

Trade Payables Turnover Ratio:
This ratio rose from 10.18 to 12.72, indicating that the company is paying its suppliers more quickly than before. While this improves supplier relationships, it may also reduce the benefit of credit periods.

Net Capital Turnover Ratio:
The ratio increased from 1.73 to 1.85, showing improved utilization of working capital to generate revenue. This reflects better operational efficiency in managing short-term funds.

Net Profit Ratio:
The net profit ratio declined from 17.98% to 16.21%, indicating a slight decrease in overall profitability. This could be due to increased costs or reduced margins despite stable or growing sales.

Return on Capital Employed:
ROCE improved significantly from 26.69% to 30.17%, demonstrating better efficiency in using total capital (both debt and equity) to generate profits. This is a positive sign of improved operational performance.

Return on Investment:
ROI was reported at 15.00% in 2023–24 but is not available for 2024–25. The absence of data may indicate a change in reporting or lack of relevant investment activity during the year.