💰 Financial Performance

Revenue Growth by Segment

Revenue from operations was INR 0 in both FY 2024-2025 and FY 2023-2024. Total income, derived entirely from 'Other Income' (primarily interest), grew by 13.11% from INR 55.14 Lakhs to INR 62.37 Lakhs.

Geographic Revenue Split

100% of operations and income are based in India, with the registered office located in Mumbai, Maharashtra.

Profitability Margins

Net Profit for the year was INR 14.66 Lakhs, representing a 10.98% increase from INR 13.21 Lakhs in the previous year. Traditional margins are not applicable as operational revenue is zero.

EBITDA Margin

EBITDA is effectively equivalent to Profit Before Tax at INR 14.66 Lakhs (up 10.98% YoY) because no interest or depreciation was reported in the consolidated P&L summary. Core profitability is driven by interest income rather than operations.

Capital Expenditure

Not explicitly disclosed. Investing activities show a net cash inflow of INR 62.37 Lakhs from interest received, with no significant outflows for asset acquisition reported in the cash flow summary.

Credit Rating & Borrowing

Credit rating not disclosed. Borrowings increased by INR 16.66 Lakhs during FY 2024-2025, compared to a decrease of INR 2.34 Lakhs in FY 2023-2024.

⚙️ Operational Drivers

Raw Materials

Not disclosed as the company reported zero revenue from operations and zero cost of materials consumed.

Import Sources

Not disclosed.

Key Suppliers

Not disclosed.

Capacity Expansion

Not disclosed. The company is currently non-operational in its core appliance segment.

Raw Material Costs

Raw material costs were INR 0 in FY 2024-2025. Project expenses, which may include procurement for specific contracts, decreased by 42.5% from INR 24.87 Lakhs to INR 14.30 Lakhs.

Manufacturing Efficiency

Not applicable as there is no active manufacturing reported.

Logistics & Distribution

Not disclosed.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

The company operates through subsidiaries Kshanika Trading Limited and Jogindra Exports Limited. Growth depends on activating these entities, which currently report zero revenue but hold total assets of INR 4,169.05 Lakhs.

Products & Services

Appliances (implied by name), though currently reporting zero operational revenue. The company also engages in trading and export activities through subsidiaries.

Brand Portfolio

Hindustan Appliances

New Products/Services

Not disclosed.

Market Expansion

Not disclosed.

Market Share & Ranking

Not disclosed; the company is currently non-operational in its primary sector.

Strategic Alliances

The company has one joint operation company and one joint venture company incorporated in India, though their specific contributions are not detailed.

🌍 External Factors

Industry Trends

The Indian consumer appliances industry is growing, but the company is currently positioned as a holding/investment entity with non-performing operational subsidiaries.

Competitive Landscape

Competes with major Indian appliance manufacturers, though currently inactive in the market.

Competitive Moat

No clear operational moat exists given the zero revenue status. The company's primary advantage is its asset base in subsidiaries (INR 4,169.05 Lakhs).

Macro Economic Sensitivity

Highly sensitive to interest rate cycles in India, as 100% of its current income is derived from interest and other non-operational sources.

Consumer Behavior

Shifts toward energy-efficient and smart appliances are industry-wide trends that the company is not currently capturing.

Geopolitical Risks

Minimal current impact due to lack of active operations, but future export activities would be sensitive to trade barriers.

⚖️ Regulatory & Governance

Industry Regulations

Subject to the Companies Act, 2013 and Indian Accounting Standards (Ind AS). Compliance with Bureau of Energy Efficiency (BEE) norms would be required for future appliance manufacturing.

Environmental Compliance

Not disclosed.

Taxation Policy Impact

The company reported zero tax expense for FY 2024-2025 despite a profit of INR 14.66 Lakhs, likely due to the utilization of brought-forward losses or specific exemptions.

Legal Contingencies

The company has disclosed the impact of pending litigations as of 31 March 2025 on its financial position, though specific case values were not quantified in the available documents.

⚠️ Risk Analysis

Key Uncertainties

The most significant risk is the 'Going Concern' status if operational revenue is not established, as the company currently relies on interest income to cover its INR 34.04 Lakhs employee benefit expenses.

Geographic Concentration Risk

100% concentration in India.

Third Party Dependencies

High dependency on the performance of its two subsidiaries, Kshanika Trading Limited and Jogindra Exports Limited.

Technology Obsolescence Risk

High risk if the company attempts to enter the appliance market with outdated technology after a period of inactivity.

Credit & Counterparty Risk

The company has significant 'Current Assets - Loans' which generated INR 62.37 Lakhs in interest; any default by these counterparties would eliminate the company's sole income source.