Revenue and Profit Growth Over the Years
The company’s net sales have shown a robust upward trend from ₹111.62 crores in March 2021 to ₹651.11 crores in March 2025, nearly a sixfold increase over four years. This growth reflects a strong rebound after the dip in 2021, which was likely impacted by broader economic challenges. Total operating income, which includes other operating income, also rose substantially from ₹115.70 crores in 2021 to ₹660.76 crores in 2025, underscoring the company’s expanding business operations.
Operating profit (PBDIT) excluding other income turned positive after a loss in 2021, climbing from a negative ₹21.50 crores to a healthy ₹52.33 crores in 2025. Including other income, operating profit surged to ₹67.18 crores in the latest fiscal year. Profit after tax (PAT) followed a similar trajectory, recovering from a loss of ₹12.51 crores in 2021 to a profit of ₹46.60 crores in 2025. This turnaround is reflected in the earnings per share (EPS), which improved from a negative ₹20.54 in 2021 to ₹76.52 in 2025.
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Cost Management and Margins
Raw material costs have increased in line with sales growth, rising from ₹75.98 crores in 2021 to ₹456.14 crores in 2025. Employee costs remained relatively stable, reflecting controlled labour expenses despite business expansion. Other expenses also increased but at a manageable pace relative to revenue growth.
The operating profit margin excluding other income improved significantly from a negative 19.26% in 2021 to 8.04% in 2025, indicating enhanced operational efficiency. Gross profit margin similarly recovered from negative territory to 10.3% in the latest year. PAT margin rose from a negative 11.21% in 2021 to a positive 7.16% in 2025, signalling a return to profitability and better bottom-line health.
Balance Sheet Strength and Asset Position
Shareholders’ funds have grown steadily from ₹166.76 crores in 2021 to ₹253.74 crores in 2025, supported by accumulated reserves. The company has maintained a debt-free position in terms of long-term borrowings, with short-term borrowings increasing moderately to ₹85.04 crores in 2025, likely to support working capital needs amid growth.
Total assets expanded from ₹231.16 crores in 2021 to ₹465.26 crores in 2025, reflecting investments in net block and current assets. Notably, current investments surged to ₹120.16 crores in 2025 from negligible levels in prior years, enhancing liquidity. Net block, representing fixed assets, showed a slight decline over the years but remains substantial at ₹62.12 crores.
Cash Flow Trends
Cash flow from operating activities has fluctuated, with a negative outflow in 2021 but a positive ₹9 crores in 2025, indicating improving cash generation. Investing activities have generally been cash outflows, consistent with capital expenditure and investments. Financing activities showed mixed trends, with a positive inflow of ₹10 crores in 2025, possibly reflecting short-term borrowings or other financing arrangements. Overall, net cash inflow was ₹6 crores in 2025, supporting a healthy closing cash balance of ₹35 crores.
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Summary and Outlook
Auto.Corp.of Goa’s historical performance reveals a resilient recovery from a difficult 2021, with consistent growth in sales, profitability, and shareholder value through to 2025. The company has improved its operational margins and strengthened its balance sheet, maintaining prudent debt levels and building liquidity. Earnings per share and book value per share have both shown substantial gains, reflecting enhanced shareholder returns.
While the company has managed costs effectively and expanded its asset base, investors should monitor working capital management and short-term borrowings as the business scales. Overall, the financial trajectory suggests a positive outlook supported by solid fundamentals and improving cash flows.
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