Revenue and Profit Trends
Over the past seven years, Diligent Indust. has seen its net sales rise from ₹77.85 crores in March 2019 to ₹143.56 crores in March 2025, reflecting a consistent upward trend. The total operating income mirrors this growth, with no other operating income reported during this period. Operating profit before depreciation, interest, and tax (PBDIT) excluding other income improved notably from ₹0.59 crores in 2019 to ₹7.65 crores in 2025, indicating enhanced operational efficiency. Including other income, operating profit rose to ₹7.67 crores in the latest fiscal year.
Profit after tax (PAT) also increased from ₹0.41 crores in 2019 to ₹2.52 crores in 2025, with the PAT margin improving from 0.53% to 1.76%. This steady rise in profitability underscores the company’s ability to convert revenue growth into bottom-line gains, despite rising raw material costs and other expenses.
Rising fast and still accelerating! This Small Cap from FMCG sector is riding pure momentum right now. Jump in before the rally reaches its peak!
- - Accelerating price action
- - Pure momentum play
- - Pre-peak entry opportunity
Cost Structure and Margins
The company’s raw material costs have generally tracked its revenue growth, rising from ₹64.70 crores in 2021 to ₹145.72 crores in 2025. Notably, the purchase of finished goods was significant in 2019 and 2020 but has since ceased, indicating a possible shift towards in-house production or sourcing. Employee costs have remained relatively low and stable, reflecting efficient labour management. Other expenses have increased moderately, consistent with the company’s expanding operations.
Operating profit margins excluding other income improved from 0.76% in 2019 to 5.33% in 2025, signalling better cost control and operational leverage. Gross profit margins also showed a positive trend, rising from 1.26% to 3.52% over the same period.
Balance Sheet and Financial Position
Diligent Indust.’s shareholder funds have grown substantially, from ₹11.90 crores in 2020 to ₹64.51 crores in 2025, supported by increased reserves and equity capital. The equity capital itself doubled between 2024 and 2025, reflecting possible capital infusion or stock restructuring. Total liabilities have remained relatively stable around ₹114 crores in 2025, similar to the previous year, despite fluctuations in borrowings.
Long-term borrowings decreased sharply from ₹31.18 crores in 2023 to ₹6.59 crores in 2025, while short-term borrowings also declined from ₹50.78 crores in 2024 to ₹29.78 crores in 2025, indicating a reduction in debt levels and improved financial leverage. Total debt stood at ₹36.37 crores in 2025, down from ₹57.06 crores in 2024.
On the asset side, net block values have increased steadily, reaching ₹12.32 crores in 2025, supported by capital work in progress. Current assets have also grown significantly, with inventories and short-term loans and advances rising, reflecting expanded operational scale. Net current assets improved markedly to ₹48.51 crores in 2025 from just ₹0.71 crores in 2024, enhancing liquidity and working capital position.
Cash Flow Overview
Cash flow from operating activities has been negative in recent years, with a ₹5 crore outflow in 2024, largely due to adverse changes in working capital. Investing activities have consistently seen outflows, reflecting ongoing capital expenditure. Financing activities have provided positive inflows, particularly in 2023 and 2024, supporting the company’s funding needs. Despite these cash flow challenges, the company has maintained stable cash and bank balances, albeit at modest levels.
Considering Diligent Indust.? Wait! SwitchER has found potentially better options in Edible Oil and beyond. Compare this Microcap with top-rated alternatives now!
- - Better options discovered
- - Edible Oil + beyond scope
- - Top-rated alternatives ready
Summary and Outlook
Overall, Diligent Indust. has exhibited a commendable growth pattern in sales and profitability over the last several years. The company’s efforts to reduce debt and strengthen shareholder equity have improved its financial stability. Margins have expanded, reflecting better cost management and operational efficiency. However, the negative cash flow from operations in recent years suggests the need for careful working capital management going forward.
Investors should note the company’s rising book value per share, which nearly doubled from around ₹1.38 in 2024 to ₹2.71 in 2025, signalling enhanced net asset value. Earnings per share have fluctuated but generally trended upwards, supporting a positive long-term investment case. While the company faces challenges typical of a growing industrial entity, its historical performance indicates a solid foundation for future expansion.
Get 2 full years of MojoOne Premium for only Rs. 12,999. Subscribe for 1 year and we'll add another year FREE. Offer valid for a limited time. Start Saving Now →
