Revenue and Profit Trends
The company’s net sales demonstrated a notable increase from ₹15.15 crores in March 2021 to a peak of ₹61.29 crores in March 2024, before moderating to ₹50.37 crores in March 2025. This volatility reflects the cyclical nature of the metals industry and market demand fluctuations. Despite the dip in the latest fiscal year, the overall trend indicates substantial growth compared to earlier years.
Operating profit before depreciation, interest, and tax (PBDIT) excluding other income rose steadily from ₹1.18 crores in March 2021 to ₹3.58 crores in March 2025, with a peak of ₹4.14 crores in March 2024. Including other income, operating profit (PBDIT) followed a similar pattern, reaching ₹4.66 crores in the latest year. Profit before tax (PBT) increased from ₹0.33 crores in March 2021 to ₹2.13 crores in March 2025, while profit after tax (PAT) rose from ₹0.24 crores to ₹1.55 crores over the same period.
Just announced: This Small Cap from Tyres & Allied with precise target price is our pick for the week. Get the pre-market insights that informed this selection!
- - Just announced pick
- - Pre-market insights shared
- - Tyres & Allied weekly focus
Margins and Cost Structure
Operating profit margins excluding other income have fluctuated, peaking at 9.97% in March 2023 before settling at 7.11% in March 2025. Gross profit margins followed a similar trend, reaching 8.4% in March 2023 and declining to 6.25% in the latest fiscal year. The PAT margin has remained relatively stable, hovering around 3%, with a slight dip to 3.08% in March 2025 from 3.4% in March 2023.
Raw material costs have consistently represented the largest expenditure, rising in line with sales but showing some moderation in the latest year. Employee costs have increased gradually, reflecting possible expansion or wage inflation. Other expenses have also grown steadily, indicating rising operational costs.
Balance Sheet and Financial Position
Shareholder’s funds have shown consistent growth, increasing from ₹10.44 crores in March 2021 to ₹13.57 crores in March 2025. The company’s reserves have also expanded, supporting this equity growth. Total liabilities have nearly doubled from ₹20.24 crores in March 2021 to ₹38.92 crores in March 2025, driven primarily by a rise in short-term borrowings, which climbed from ₹8.61 crores to ₹19.84 crores over the period.
Long-term borrowings have decreased from a peak of ₹3.67 crores in March 2022 to ₹1.23 crores in March 2025, suggesting a shift in the company’s debt profile towards short-term financing. The book value per share has improved steadily from ₹10.29 in March 2021 to ₹13.38 in March 2025, reflecting enhanced net asset value per share.
Asset and Working Capital Analysis
The company’s total assets have grown from ₹20.24 crores in March 2021 to ₹38.92 crores in March 2025, with net block assets increasing moderately. Inventories and sundry debtors have expanded significantly, indicating higher production and sales volumes. Net current assets have improved, supporting operational liquidity despite the rise in current liabilities.
Cash and bank balances have remained minimal throughout the period, suggesting limited cash reserves. The company’s cash flow from operating activities has been inconsistent, with a negative cash flow in March 2024 but positive flows in other years, indicating some volatility in working capital management.
Considering Poojawes. Metal.? Wait! SwitchER has found potentially better options in Other Industrial Products and beyond. Compare this Microcap with top-rated alternatives now!
- - Better options discovered
- - Other Industrial Products + beyond scope
- - Top-rated alternatives ready
Summary of Historical Performance
Over the six-year period ending March 2025, Poojawes. Metal. has demonstrated growth in sales and profitability, albeit with some fluctuations. The company’s ability to increase shareholder equity and maintain stable profit margins amid rising costs is notable. However, the increased reliance on short-term borrowings and modest cash reserves highlight areas for cautious monitoring.
Investors analysing Poojawes. Metal. should consider the company’s improving book value per share and expanding asset base as positive indicators, balanced against the volatility in operating cash flows and debt structure. The historical data suggests a company in expansion mode with potential for further growth, provided it manages its working capital and cost pressures effectively.
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 →
