M.V.K. AGRO FOOD PRODUCT LTD. 2024-25 Annual Report Analysis

Wed, 15 Oct

M.V.K. AGRO FOOD PRODUCT LTD. 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.

M.V.K. AGRO FOOD PRODUCT LTD. Income Statement Analysis

• Operating income during the year rose 5.9% on a year-on-year (YoY) basis.
• The company's operating profit decreased by 23.7% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 12.0% in FY25 as against 16.7% in FY24.
• Depreciation charges increased by 3.6% and finance costs decreased by 21.1% YoY, respectively.
• Other income grew by 173.0% YoY.
• Net profit for the year grew by 7.0% YoY.
• Net profit margins during the year grew from 6.2% in FY24 to 6.2% in FY25.

M.V.K. AGRO FOOD PRODUCT LTD. Income Statement 2024-25

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Net Sales	Rs m	1,414	1,497	5.9%
Other income	Rs m	22	61	173.0%
Total Revenues	Rs m	1,437	1,558	8.4%
Gross profit	Rs m	236	180	-23.7%
Depreciation	Rs m	31	32	3.6%
Interest	Rs m	122	96	-21.1%
Profit before tax	Rs m	105	113	6.9%
Tax	Rs m	18	19	6.2%
Profit after tax	Rs m	87	93	7.0%
Gross profit margin	%	16.7	12.0
Effective tax rate	%	17.3	17.1
Net profit margin	%	6.2	6.2

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M.V.K. AGRO FOOD PRODUCT LTD. Balance Sheet Analysis

• The company's current liabilities during FY25 down at Rs 1 billion as compared to Rs 2 billion in FY24, thereby witnessing an decrease of -30.2%.
• Long-term debt stood at Rs 695 million as compared to Rs 433 million during FY24, a growth of 60.4%.
• Current assets fell 13% and stood at Rs 2 billion, while fixed assets rose 18% and stood at Rs 958 million in FY25.
• Overall, the total assets and liabilities for FY25 stood at Rs 3 billion as against Rs 3 billion during FY24, thereby witnessing a fall of 4%.

M.V.K. AGRO FOOD PRODUCT LTD. Balance Sheet as on March 2025

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Networth	Rs m	805	899	11.8
Current Liabilities	Rs m	1,567	1,093	-30.2
Long-term Debt	Rs m	433	695	60.4
Total Liabilities	Rs m	2,822	2,712	-3.9
Current assets	Rs m	2,011	1,754	-12.8
Fixed Assets	Rs m	811	958	18.1
Total Assets	Rs m	2,822	2,712	-3.9

M.V.K. AGRO FOOD PRODUCT LTD. Cash Flow Statement Analysis

• M.V.K. AGRO FOOD PRODUCT LTD.'s cash flow from operating activities (CFO) during FY25 stood at Rs 511 million on a YoY basis.
• Cash flow from investing activities (CFI) during FY25 stood at Rs -132 million, an improvement of 73.4% on a YoY basis.
• Cash flow from financial activities (CFF) during FY25 stood at Rs -512 million on a YoY basis.
• Overall, net cash flows for the company during FY25 stood at Rs -133 million from the Rs 637 million net cash flows seen during FY24.

M.V.K. AGRO FOOD PRODUCT LTD. 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	-308	511	-
Cash Flow from Investing Activities	Rs m	-76	-132	-
Cash Flow from Financing Activities	Rs m	1,021	-512	-
Net Cash Flow	Rs m	637	-133	-

Current Valuations for M.V.K. AGRO FOOD PRODUCT LTD.

• The trailing twelve-month earnings per share (EPS) of the company stands at Rs 6.0, an improvement from the EPS of Rs 5.6 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs 558.7, stands at 302.3 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 31.4 times, while the price to sales ratio stands at 5.8 times.
• The company's price to cash flow (P/CF) ratio stood at 6.1 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	91.3	96.7
TTM Earnings per share	Rs	5.6	6.0
Diluted earnings per share	Rs	1.7	1.8
Price to Cash Flow	x	0.0	6.1
TTM P/E ratio	x	0.0	302.3
Price / Book Value ratio	x	1.3	0.9
Market Cap	Rs m	1,050	766
Dividends per share (Unadj.)	Rs	0.0	0.0

Ratio Analysis for M.V.K. AGRO FOOD PRODUCT LTD.

• Solvency Ratios

Current Ratio: The company's current ratio improved and stood at 1.6x during FY25, from 1.3x 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 improved and stood at 2.2x during FY25, from 1.9x 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 10.4% during FY25, from 10.8% 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 13.1% during FY25, from 18.3% 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 7.0% during FY25, from 7.4% 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	1.3	1.6
Debtors’ Days	Days	35	46
Interest coverage	x	1.9	2.2
Debt to equity ratio	x	0.5	0.8
Return on assets	%	7.4	7.0
Return on equity	%	10.8	10.4
Return on capital employed	%	18.3	13.1

To see how M.V.K. AGRO FOOD PRODUCT LTD. has performed over the last 5 years, please visit here.

M.V.K. AGRO FOOD PRODUCT LTD. Share Price Performance

Over the last one year, M.V.K. AGRO FOOD PRODUCT LTD. share price has moved down from Rs 0.0 to Rs 0.0, registering a loss of Rs 0.0 or around 0.0%.

Overall, the NIFTY 50 is up 0.7% over the year.

(To know more, check out historical annual results for M.V.K. AGRO FOOD PRODUCT LTD. and quarterly results for M.V.K. AGRO FOOD PRODUCT LTD.)