💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations grew by 542% YoY, reaching INR 263.04 Lakhs in FY 2024-25 compared to INR 41 Lakhs in FY 2023-24. This growth was primarily driven by higher trading volumes in Soya and Baggase.

Profitability Margins

The Net Profit Ratio decreased by 13.05% from 0.54 to 0.47. Total Comprehensive Income saw a significant decline of 62.57%, falling to INR 366.94 Lakhs in FY 2024-25 from INR 980.38 Lakhs in the previous year, primarily due to the absence of high one-time gains seen in the prior period.

EBITDA Margin

Return on Capital Employed (ROCE) improved by 18.72%, rising from 7.45% to 8.84% in FY 2024-25, indicating improved efficiency in utilizing capital for core operations.

⚙️ Operational Drivers

Raw Materials

Soya and Baggase (purchased as stock-in-trade) accounted for INR 269.93 Lakhs in expenses during FY 2024-25.

Capacity Expansion

Not applicable as the company operates in trading; however, net worth increased by 4.85% to INR 79.32 Crores, providing a larger base for trading activities.

Raw Material Costs

Purchase of stock-in-trade stood at INR 269.93 Lakhs, which is approximately 102.6% of the revenue from operations, suggesting the company is scaling its trading inventory.

Manufacturing Efficiency

Not applicable for trading operations; however, employee expenses were optimized, decreasing by 25.5% from INR 89.98 Lakhs to INR 67 Lakhs.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

The company aims to achieve growth by increasing trading volumes in Soya and Baggase. It relies on internal accruals to strengthen its net worth, which grew by INR 3.67 Crores (4.85%) to INR 79.32 Crores, to fund expanded trading operations without increasing equity capital.

Products & Services

Trading of Soya and Baggase.

🌍 External Factors

Industry Trends

The industry is evolving with a focus on global economic integration and infrastructure reforms. The company is positioning itself to leverage India's role as a key driver of global economic activity.

Competitive Moat

The company maintains an exceptionally high Current Ratio of 257.85 (up 83.44% YoY), providing a massive liquidity moat to withstand market volatility, though it may indicate underutilized capital.

Macro Economic Sensitivity

The company is sensitive to India's GDP growth and government reforms in infrastructure and financial inclusion, which are cited as key drivers for the economic environment in which it operates.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, including strict adherence to insider trading prevention codes.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty involves the accuracy of forward-looking assumptions regarding market demand for traded commodities, which could cause actual results to differ materially.

Credit & Counterparty Risk

The Trade Receivable Turnover Ratio decreased from 2.00 to 1.69 (a 15.50% drop), indicating a potential increase in credit risk or slower collection cycles from customers.