💰 Financial Performance

Revenue Growth by Segment

Total revenue declined by 56.52% YoY, falling from INR 383.99 Cr in FY 2023-24 to INR 166.95 Cr in FY 2024-25. Segment-specific growth percentages are not disclosed.

Geographic Revenue Split

The company operates across India and is expanding into new geographies; however, the specific percentage contribution from each region is not disclosed.

Profitability Margins

Net Profit Margin was 2.33% in FY 2024-25, a slight decrease from 2.43% in FY 2023-24. Return on Equity (ROE) dropped significantly from 35.55% to 9.03% due to changes in profit and total equity.

EBITDA Margin

Not explicitly disclosed, but the Net Profit Margin is 2.33% for FY 2024-25, down from 2.43% YoY.

Capital Expenditure

Historical and planned capital expenditure values in INR Cr are not disclosed in the available documents.

Credit Rating & Borrowing

Debt-Equity ratio improved by 48.57%, decreasing from 0.35 to 0.18, indicating a reduction in relative borrowing costs and leverage.

⚙️ Operational Drivers

Raw Materials

Finished consumer durables, household appliances, and white goods (the company acts as an aggregator/platform for branded products).

Import Sources

Not specifically disclosed, though the company utilized foreign exchange in USD (1.68 Lakhs) and EURO (8.82 Lakhs).

Key Suppliers

Reputed and trusted brands (specific names of supplier companies are not disclosed).

Capacity Expansion

Not applicable as the company operates as a common platform/aggregator; however, it maintains a portfolio of over 100 branded products.

Raw Material Costs

Not disclosed as a percentage of revenue; the company focuses on procurement of finished stock for its aggregator platform.

Manufacturing Efficiency

Not applicable (aggregator model); however, the company maintains a union-free environment to ensure stable industrial relations.

Logistics & Distribution

Not disclosed as a percentage of revenue.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

Growth will be achieved by launching additional products in the consumer durables segment, leveraging an existing network of selling channels, and customizing the platform to cater to a wider range of requirements for reputed brands.

Products & Services

Over 100 branded products including household appliances, white goods, and various consumer durables.

Brand Portfolio

Aspire

New Products/Services

The company plans to launch additional products in the consumer durables segment; specific expected revenue contribution percentages are not disclosed.

Market Expansion

Expansion into new geographies to enhance brand recognition and reputation in an increasingly competitive market.

Strategic Alliances

The company provides a common platform for products of various reputed and trusted brands (partner names not disclosed).

🌍 External Factors

Industry Trends

The industry is shifting toward stricter standardization and safety norms for white goods globally, requiring aggregators to adapt to evolving compliance risks and costs.

Competitive Landscape

Faces intense competition from both organized and unorganized players in the household appliance aggregator industry.

Competitive Moat

Durable advantage through a 5+ year operating history, an established network of selling channels, and a platform model aggregating over 100 trusted brands.

Macro Economic Sensitivity

Sensitive to cyclical demand and pricing in principal markets, as well as economic developments within India.

Consumer Behavior

Demand is driven by brand recognition and the availability of quality products at competitive price points.

Geopolitical Risks

Impacted by changes in international regulatory standards for the quality and safety of home appliances.

⚖️ Regulatory & Governance

Industry Regulations

Regulatory agencies focus on the quality, efficacy, safety, and standardization of home appliances and white goods, increasing compliance risks.

Legal Contingencies

The company reports no pending litigations that would impact its financial position.

⚠️ Risk Analysis

Key Uncertainties

Competition risk from low-barrier entries and regulatory risks regarding evolving safety standards for white goods.

Geographic Concentration Risk

Primarily spread across India; specific regional revenue percentages are not disclosed.

Third Party Dependencies

Dependent on brand partners for product supply and third-party selling channels for distribution.

Technology Obsolescence Risk

Mitigated by the use of Microsoft Navision 2009 ERP for internal financial controls and data integration.

Credit & Counterparty Risk

Debtors Turnover Ratio decreased by 62.01% (from 9.66 to 3.67), indicating a significant slowdown in receivable collections and potential credit risk.