Revenue and Operating Performance
York Exports’ consolidated net sales have shown a steady increase over the past six years, rising from ₹18.32 crores in March 2019 to ₹35.06 crores by March 2025. This represents a near doubling of sales, reflecting the company’s expanding market presence and operational scale. Total operating income mirrors this trend, as other operating income remained nil throughout the period.
Operating profit before depreciation and interest (PBDIT) excluding other income has also improved, climbing from ₹1.57 crores in March 2019 to ₹3.92 crores in March 2025. The operating profit margin has strengthened accordingly, reaching 11.18% in the latest fiscal year, up from 8.57% six years prior. This indicates enhanced operational efficiency despite rising raw material and employee costs.
Raw material costs fluctuated but generally increased, from ₹3.14 crores in 2019 to ₹7.84 crores in 2025, while employee costs rose from ₹4.09 crores to ₹8.19 crores over the same period. Notably, the company experienced a significant negative adjustment in stock levels in recent years, with an increase in stocks reducing costs by ₹9.22 crores in 2025, which may reflect inventory management strategies or production cycles.
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Profitability and Earnings
Profit before tax (PBT) has seen variability, peaking at ₹1.78 crores in March 2022 before declining to ₹0.56 crores in March 2025. Correspondingly, profit after tax (PAT) rose from ₹0.26 crores in 2019 to a high of ₹1.61 crores in 2022, then dropped to ₹0.43 crores in 2025. However, when factoring in the share in profit of associates, which surged to ₹4.35 crores in 2025 from negligible amounts in earlier years, the consolidated net profit showed a remarkable increase to ₹4.78 crores in 2025, a significant jump from ₹0.26 crores in 2019.
Earnings per share (EPS) followed a similar pattern, with basic EPS rising from ₹0.77 in 2019 to ₹14.23 in 2025, largely driven by the associate profits. The PAT margin improved notably to 13.63% in 2025, compared to a modest 1.42% in 2019, signalling better bottom-line performance relative to sales.
Balance Sheet and Financial Position
York Exports’ shareholder funds have grown steadily from ₹12.54 crores in 2021 to ₹20.50 crores in 2025, supported by rising reserves which reached ₹17.14 crores in 2025. The company’s total liabilities have increased substantially, from ₹28.01 crores in 2021 to ₹57.19 crores in 2025, driven primarily by a sharp rise in total debt, which more than tripled from ₹9.76 crores in 2021 to ₹32.17 crores in 2025. This increase in leverage may reflect expansion or working capital requirements.
Current liabilities also rose, reaching ₹25.49 crores in 2025, while current assets grew to ₹39.38 crores, resulting in a positive net current asset position of ₹13.88 crores. The company’s net block of fixed assets increased moderately, indicating ongoing capital investment.
Cash Flow Trends
Cash flow from operating activities has been inconsistent, with zero reported in 2025 after peaking at ₹5 crores in 2022. Investing activities showed net outflows in recent years, including ₹4 crores in 2025, while financing activities contributed ₹4 crores inflow in 2025, suggesting reliance on external funding to support operations and investments. The net cash position remained minimal, with closing cash and cash equivalents near zero in 2025.
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Summary of Historical Performance
Over the six-year period, York Exports has demonstrated growth in revenue and shareholder equity, alongside improved operating margins and profitability metrics. The company’s consolidated net profit and EPS have been bolstered significantly by associate earnings in recent years. However, the rising debt levels and fluctuating cash flows highlight areas requiring close monitoring. The increase in inventories and working capital changes suggest operational adjustments that may impact liquidity.
Investors analysing York Exports should weigh the positive trends in sales and profitability against the elevated leverage and cash flow variability. The company’s ability to sustain growth while managing debt and operational efficiency will be key to its future financial health.
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