DOLLAR INDUSTRIES 2024-25 Annual Report Analysis

Mon, 28 Jul

DOLLAR INDUSTRIES has announced its results for the year ended March 2025. Let us have a look at the detailed performance review of the company during FY24-25.

DOLLAR INDUSTRIES Income Statement Analysis

• Operating income during the year rose 8.8% on a year-on-year (YoY) basis.
• The company's operating profit increased by 16.9% YoY during the fiscal. Operating profit margins witnessed a fall and down at 10.8% in FY25 as against 10.1% in FY24.
• Depreciation charges increased by 76.5% and finance costs increased by 47.2% YoY, respectively.
• Other income grew by 18.9% YoY.
• Net profit for the year grew by 0.9% YoY.
• Net profit margins during the year declined from 5.8% in FY24 to 5.4% in FY25.

DOLLAR INDUSTRIES Income Statement 2024-25

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Net Sales	Rs m	15,723	17,105	8.8%
Other income	Rs m	45	53	18.9%
Total Revenues	Rs m	15,768	17,158	8.8%
Gross profit	Rs m	1,581	1,848	16.9%
Depreciation	Rs m	213	376	76.5%
Interest	Rs m	196	288	47.2%
Profit before tax	Rs m	1,217	1,238	1.7%
Tax	Rs m	304	316	4.1%
Profit after tax	Rs m	914	922	0.9%
Gross profit margin	%	10.1	10.8
Effective tax rate	%	24.9	25.5
Net profit margin	%	5.8	5.4

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DOLLAR INDUSTRIES Balance Sheet Analysis

• The company's current liabilities during FY25 stood at Rs 6 billion as compared to Rs 5 billion in FY24, thereby witnessing an increase of 10.3%.
• Long-term debt stood at Rs 308 million as compared to Rs 300 million during FY24, a growth of 2.6%.
• Current assets rose 11% and stood at Rs 12 billion, while fixed assets rose 4% and stood at Rs 3 billion in FY25.
• Overall, the total assets and liabilities for FY25 stood at Rs 15 billion as against Rs 14 billion during FY24, thereby witnessing a growth of 10%.

DOLLAR INDUSTRIES Balance Sheet as on March 2025

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Networth	Rs m	7,811	8,559	9.6
Current Liabilities	Rs m	5,395	5,948	10.3
Long-term Debt	Rs m	300	308	2.6
Total Liabilities	Rs m	13,727	15,046	9.6
Current assets	Rs m	10,910	12,123	11.1
Fixed Assets	Rs m	2,817	2,923	3.8
Total Assets	Rs m	13,727	15,046	9.6

DOLLAR INDUSTRIES Cash Flow Statement Analysis

• DOLLAR INDUSTRIES's cash flow from operating activities (CFO) during FY25 stood at Rs 738 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY25 stood at Rs -535 million on a YoY basis.
• Cash flow from financial activities (CFF) during FY25 stood at Rs -221 million on a YoY basis.
• Overall, net cash flows for the company during FY25 stood at Rs -18 million from the Rs 20 million net cash flows seen during FY24.

DOLLAR INDUSTRIES Cash Flow Statement 2024-25

Particulars	No. of months	12	12	% Change
	Year Ending	Mar-24	Mar-25
Cash Flow from Operating Activities	Rs m	-256	738	-
Cash Flow from Investing Activities	Rs m	-801	-535	-
Cash Flow from Financing Activities	Rs m	1,076	-221	-
Net Cash Flow	Rs m	20	-18	-

Current Valuations for DOLLAR INDUSTRIES

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 16.3, an improvement from the EPS of Rs 16.1 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 373.5, stands at 23.4 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 2.5 times, while the price to sales ratio stands at 1.2 times.
• The company's price to cash flow (P/CF) ratio stood at 22.1 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Sales per share (Unadj.)	Rs	277.2	301.6
TTM Earnings per share	Rs	16.1	16.3
Diluted earnings per share	Rs	16.1	16.3
Price to Cash Flow	x	25.9	22.1
TTM P/E ratio	x	31.4	23.4
Price / Book Value ratio	x	3.2	3.3
Market Cap	Rs m	24,972	28,644
Dividends per share (Unadj.)	Rs	3.0	3.0

Ratio Analysis for DOLLAR INDUSTRIES

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 2.0x during FY25, from 2.0x during FY24. The current ratio measures the company's ability to pay short-term and long-term obligations.

Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 5.3x during FY25, from 7.2x during FY24. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

• Profitability Ratios

Return on Equity (ROE): The ROE for the company declined and down at 10.8% during FY25, from 11.7% during FY25. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

Return on Capital Employed (ROCE): The ROCE for the company declined and down at 17.2% during FY25, from 17.4% during FY24. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

Return on Assets (ROA): The ROA of the company declined and down at 8.0% during FY25, from 8.1% during FY24. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Current ratio	x	2.0	2.0
Debtors’ Days	Days	1,144	1,193
Interest coverage	x	7.2	5.3
Debt to equity ratio	x	0.0	0.0
Return on assets	%	8.1	8.0
Return on equity	%	11.7	10.8
Return on capital employed	%	17.4	17.2

To see how DOLLAR INDUSTRIES has performed over the last 5 years, please visit here.

DOLLAR INDUSTRIES Share Price Performance

Over the last one year, DOLLAR INDUSTRIES share price has moved down from Rs 507.7 to Rs 373.5, registering a loss of Rs 134.3 or around 26.4%.

Overall, the S&P BSE SENSEX is up 0.9% over the year.

(To know more, check out historical annual results for DOLLAR INDUSTRIES and quarterly results for DOLLAR INDUSTRIES)