Enclosed herewith is the Annual Report of Keerthi Industries Limited for the Financial Year 2024-25
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Keerthi Industries Ltd submitted its 42nd Annual Report for FY 2024-25 to BSE. The company, which operates in cement (Suvarna Cements brand, contributing over 90% of turnover) and electronics (flexible PCBs) segments, reported an overall loss for the year, though quarterly losses narrowed compared to prior periods. Key financial ratios worsened significantly: Operating Profit Margin fell to -14.77% (from -1.88%), Net Profit Margin to -19% (from -7%), Debt-Equity ratio rose to 1.43 (from 0.95), and Current Ratio dropped to 0.52 (from 0.69). Management cited weak construction demand in South India and elevated raw material costs as headwinds for the cement division, while the electronics division showed improving supply chains and PCB demand. The company is investing around ₹10 crore to modernize its PCB unit under the government's SPECS scheme and plans to sell non-core assets to improve liquidity.
Shareholders should note deepening losses and rising leverage (debt-equity up to 1.43) alongside deteriorating margins and current ratio, suggesting financial stress despite management's cost-cutting and quarterly loss narrowing. The planned asset sale and electronics expansion may provide near-term liquidity but execution risk remains high given the company's overall loss-making position.