How has been the historical performance of Rander Corpn.?

Revenue and Profitability Trends

Examining the net sales figures, Rander Corpn. experienced a notable surge in fiscal year ending March 2024, with sales reaching close to ₹4 crores, a substantial increase from approximately ₹1.4 crores in the subsequent year. Prior to this peak, sales had shown moderate growth from ₹1.2 crores in 2019 to around ₹3.7 crores in 2022. However, the latest fiscal year saw a steep decline, with net sales dropping to ₹1.41 crores.

The operating profit margin excluding other income mirrored this volatility, peaking at over 62% in 2024 before contracting sharply to around 17% in 2025. Profit after tax (PAT) margins followed a similar trajectory, with a healthy 46.6% in 2024 but turning negative to nearly -38.3% in the latest year. This reversal was reflected in earnings per share (EPS), which fell from a positive ₹1.51 in 2024 to a negative ₹0.44 in 2025.

Raw material costs and other expenses have also fluctuated, with raw material costs peaking in 2024 at ₹2.56 crores before dropping to ₹0.91 crores in 2025. Other expenses increased significantly in 2025 to ₹1.15 crores, contributing to the pressure on profitability. Employee costs showed a gradual increase over the years, reaching ₹0.57 crores in 2025.

Balance Sheet and Asset Position

Rander Corpn.'s balance sheet reflects steady growth in shareholder's funds, rising from approximately ₹20 crores in 2021 to nearly ₹23 crores in 2025. The equity capital has remained constant at ₹12.34 crores throughout this period, while reserves have increased modestly to ₹10.53 crores in 2025.

Total liabilities have remained relatively stable, hovering around ₹26 crores in recent years. Notably, the company has eliminated long-term borrowings by 2025, having had a small unsecured loan of ₹0.30 crores in 2021. Current liabilities have increased to ₹6.26 crores in 2025 from ₹3.27 crores in 2021, indicating a rise in short-term obligations.

On the asset side, total assets have grown slightly to ₹26.27 crores in 2025. The net block of fixed assets has increased to ₹0.20 crores, while current assets excluding investments have decreased significantly from ₹15.58 crores in 2021 to ₹0.72 crores in 2025. Current investments have been introduced and grown to ₹3.62 crores by 2025, reflecting a shift in asset allocation.

Cash Flow and Operational Efficiency

Cash flow data indicates challenges in operational cash generation, with cash flow from operating activities showing negative values in recent years, including a ₹1 crore outflow in 2025. Investing activities have been minimal, with a small outflow noted in 2023. Financing activities have provided some inflows in prior years but were neutral in 2025.

The company’s working capital position has deteriorated, with net current assets turning negative since 2022, reaching nearly -₹1.92 crores in 2025. This suggests increased pressure on liquidity and operational efficiency.

Summary and Investor Considerations

Rander Corpn.'s historical performance reveals a company that has experienced significant fluctuations in revenue and profitability over the past six years. The peak in fiscal 2024 was followed by a sharp decline in 2025, impacting margins and earnings per share negatively. While the balance sheet remains relatively stable with no long-term debt and growing reserves, the negative cash flow from operations and deteriorating working capital position raise concerns about liquidity management.

Investors should weigh the company's recent operational challenges against its stable equity base and absence of debt. The volatility in sales and profits suggests a need for cautious analysis of future prospects and market conditions before making investment decisions.

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