How has been the historical performance of Unison Metals?

Revenue and Profitability Trends

Unison Metals’ net sales have shown a consistent upward trend, increasing from ₹148.81 crores in March 2019 to ₹315.25 crores by March 2025. This more than doubling of sales over six years reflects the company’s expanding market presence and operational scale. The total operating income mirrors this growth, with no other operating income reported, indicating that core business activities drive revenue.

Despite fluctuations in raw material costs and other expenses, the company has managed to maintain positive operating profits. Operating profit before depreciation and interest (PBDIT) excluding other income rose from ₹7.19 crores in 2019 to ₹15.26 crores in 2025, although margins have seen some compression, with operating profit margins declining from 7.63% in 2021 to 4.84% in 2025. This suggests rising cost pressures, particularly raw material expenses which increased substantially over the period.

Profit after tax (PAT) has also improved, rising from a modest ₹0.14 crores in 2019 to ₹4.42 crores in 2025. The PAT margin, while still modest at 1.4% in 2025, has nearly doubled since 2019, indicating better bottom-line control and operational efficiency. Earnings per share (EPS) followed a similar pattern, increasing from ₹0.44 in 2019 to ₹2.82 in 2025, reflecting enhanced shareholder value.

Balance Sheet and Financial Position

The company’s balance sheet has strengthened over the years, with shareholder’s funds increasing from ₹24.50 crores in 2020 to ₹37.42 crores in 2025. Total reserves have also grown, supporting the equity base. However, Unison Metals has taken on more debt, with total borrowings rising to ₹63.27 crores in 2025 from zero reported in earlier years, reflecting increased leverage to support expansion.

Current assets have expanded significantly, reaching ₹153.59 crores in 2025, driven by higher inventories and sundry debtors. Net current assets have improved, indicating better liquidity management. Fixed assets, measured by net block, have also increased, signalling ongoing capital investment. The company’s book value per share has risen steadily, from ₹15.51 in 2020 to ₹23.70 in 2025, underscoring growing net asset value per share.

Cash Flow and Operational Efficiency

Cash flow from operating activities has generally been positive, with ₹8 crores generated in 2025, supporting working capital needs and capital expenditure. Investing activities have seen consistent outflows, reflecting investments in fixed assets and growth initiatives. Financing activities have mostly involved debt repayments and borrowings, with a net neutral cash flow impact in recent years. The company has maintained stable cash and cash equivalents, ensuring operational flexibility.

Summary of Historical Performance

Overall, Unison Metals has exhibited a commendable growth pattern over the past six years. The company’s revenue has more than doubled, supported by steady improvements in profitability and earnings per share. While operating margins have faced some pressure due to rising costs, the firm has maintained positive operating profits and expanded its asset base. The increase in borrowings suggests a strategic use of leverage to fund growth, balanced by a healthy rise in shareholder equity and reserves.

Cash flow management appears prudent, with consistent operating cash inflows and controlled investing and financing outflows. The company’s book value per share growth further reflects strengthening fundamentals. Investors analysing Unison Metals should note the steady expansion alongside margin pressures and increased debt, weighing these factors against the company’s growth prospects and sector dynamics.

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