Income Statement Comrade Appliances Limited

Stocks

543921

INE0NXA01015

Electrical Components & Equipment

Market Closed - Bombay S.E. Other stock markets 06:01:06 2026-06-19 EDT			5-day change	1st Jan Change
28.00 ^INR	-3.75%		-12.50%	-52.81%

05-29	Comrade Appliances Limited Reports Earnings Results for the Full Year Ended March 31, 2026	CI
11-14	Comrade Appliances Limited Reports Earnings Results for the Half Year Ended September 30, 2025	CI

6.gO0gKf12NVNh83iiu6Ksdc4dL-zDogkH1BGJHYzHVBU.zoxERMQdZxsViTHk2tvlP6Ywf7qy8VFYpifmS-uAMnvnlHZfmQVcYz6fSA

Published financial data: COMRADE APPLIANCES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	260M	296M	270M	290M	573M
Total Revenues	260M	296M	270M	290M	573M
Cost of Goods Sold, Total	214M	215M	173M	198M	457M
Gross Profit	46.54M	81.12M	97.08M	91.55M	117M
Selling General & Admin Expenses, Total	17.67M	34.81M	37.02M	40.36M	40.25M
Depreciation & Amortization - (IS)	5.3M	9.95M	8.85M	10.84M	25.97M
Other Operating Expenses	9.76M	16.82M	15.12M	16.96M	26.08M
Other Operating Expenses, Total	32.72M	61.58M	60.99M	68.15M	92.3M
Operating Income	13.82M	19.53M	36.09M	23.4M	24.34M
Interest Expense, Total	-9.91M	-13.97M	-11.66M	-12.29M	-19.32M
Interest And Investment Income	-	185K	200K	703K	500K
Net Interest Expenses	-9.91M	-13.78M	-11.46M	-11.59M	-18.82M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-1.3M	-317K	-2.43M	-3.28M	450K
EBT, Excl. Unusual Items	2.61M	5.43M	22.2M	8.52M	5.96M
Gain (Loss) On Sale Of Assets	236K	-	-	-	-
EBT, Incl. Unusual Items	2.85M	5.43M	22.2M	8.52M	5.96M
Income Tax Expense	827K	1.56M	5.84M	3.27M	656K
Earnings From Continuing Operations	2.02M	3.88M	16.36M	5.25M	5.31M
Net Income to Company	2.02M	3.88M	16.36M	5.25M	5.31M
Net Income - (IS)	2.02M	3.88M	16.36M	5.25M	5.31M
Net Income to Common Incl Extra Items	2.02M	3.88M	16.36M	5.25M	5.31M
Net Income to Common Excl. Extra Items	2.02M	3.88M	16.36M	5.25M	5.31M
Per Share Items
Net EPS - Basic	0.61	0.99	3.15	0.74	0.69
Basic EPS - Continuing Operations	0.61	0.99	3.15	0.74	0.69
Basic Weighted Average Shares Outstanding	3.32M	3.93M	5.19M	7.11M	7.71M
Net EPS - Diluted	0.61	0.99	3.15	0.74	0.69
Diluted EPS - Continuing Operations	0.61	0.99	3.15	0.74	0.69
Diluted Weighted Average Shares Outstanding	3.32M	3.93M	5.19M	7.11M	7.71M
Normalized Basic EPS	0.49	0.86	2.67	0.75	0.48
Normalized Diluted EPS	0.49	0.86	2.67	0.75	0.48
Supplemental Items
EBITDA	19.12M	29.38M	44.74M	34.05M	49.96M
EBITA	13.82M	19.53M	36.09M	23.4M	24.34M
EBIT	13.82M	19.53M	36.09M	23.4M	24.34M
EBITDAR	24.28M	43.57M	59.21M	48.88M	61.5M
Total Revenues (As Reported)	260M	297M	270M	291M	574M
Effective Tax Rate - (Ratio)	29.04	28.63	26.33	38.36	11
Current Domestic Taxes	762K	1.53M	5.69M	-	2.04M
Total Current Taxes	762K	1.53M	5.69M	-	2.04M
Deferred Domestic Taxes	65K	29K	155K	3.27M	-1.39M
Total Deferred Taxes	65K	29K	155K	3.27M	-1.39M
Normalized Net Income	1.63M	3.4M	13.88M	5.32M	3.73M
Interest Capitalized	-	-	-	-	-
Non-Cash Pension Expense	20K	83K	-56K	-179K	-129K
Supplemental Operating Expense Items
Advertising Expense	-	-	179K	-	-
Selling and Marketing Expenses	-	-	179K	-	-
Net Rental Expense, Total	5.16M	14.19M	14.47M	14.84M	11.55M
Imputed Operating Lease Interest Expense	4.51M	12.55M	10.95M	10.64M	8.76M
Imputed Operating Lease Depreciation	647K	1.63M	3.52M	4.2M	2.79M
Maintenance & Repair Expenses, Total	270K	455K	256K	-	-

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.67M	2.53M	5.96M	6.79M	11.21M
Total Cash And Short Term Investments	3.67M	2.53M	5.96M	6.79M	11.21M
Accounts Receivable, Total	88.48M	67.67M	53.17M	82.55M	118M
Notes Receivable	367K	150K	140K	665K	236K
Total Receivables	88.85M	67.82M	53.31M	83.21M	119M
Inventory	142M	125M	159M	191M	289M
Prepaid Expenses	248K	265K	1.09M	746K	1.47M
Other Current Assets, Total	22M	6.12M	3.68M	48.95M	66.46M
Total Current Assets	256M	201M	223M	331M	486M
Gross Property Plant And Equipment	63.85M	67.29M	76.74M	104M	307M
Accumulated Depreciation	-14.32M	-24.17M	-32.82M	-43.47M	-69.23M
Net Property Plant And Equipment	49.53M	43.12M	43.92M	60.16M	237M
Other Intangibles, Total	-	306K	236K	143K	215K
Loans Receivable Long-Term	500K	500K	500K	500K	500K
Other Long-Term Assets, Total	7.55M	7.56M	7.54M	7.62M	9.96M
Total Assets	314M	253M	275M	399M	735M
Liabilities
Accounts Payable, Total	86.71M	63.83M	51.78M	75.9M	220M
Accrued Expenses, Total	8.15M	9.16M	4.24M	4.09M	3.77M
Short-term Borrowings	59.4M	54.83M	89.97M	110M	151M
Current Portion of Long-Term Debt	17.83M	17.13M	16.83M	11.74M	-
Current Income Taxes Payable	1.03M	1.53M	5.69M	-	2.04M
Other Current Liabilities	30.05M	15.59M	8.13M	5.62M	10.23M
Total Current Liabilities	203M	162M	177M	207M	387M
Long-Term Debt	64M	39.42M	28.26M	18.02M	117M
Pension & Other Post Retirement Benefits	410K	869K	1.17M	1.38M	1.87M
Deferred Tax Liability Non Current	113K	142K	297K	3.56M	2.18M
Other Non Current Liabilities	1K	-1K	-	-	-
Total Liabilities	268M	202M	206M	230M	508M
Common Stock, Total	33.24M	51.73M	52.51M	75.29M	77.79M
Additional Paid In Capital	-	3.7M	5.26M	77.59M	102M
Retained Earnings	-9.06M	-5.18M	11.17M	16.43M	21.73M
Comprehensive Income and Other	22.19M	-	-	-	24.52M
Total Common Equity	46.36M	50.24M	68.94M	169M	226M
Total Equity	46.36M	50.24M	68.94M	169M	226M
Total Liabilities And Equity	314M	253M	275M	399M	735M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.32M	5.25M	5.25M	7.53M	7.78M
ECS Total Common Shares Outstanding	3.32M	5.17M	5.25M	7.53M	7.78M
Book Value / Share	13.95	9.71	13.13	22.49	29.1
Tangible Book Value	46.36M	49.94M	68.7M	169M	226M
Tangible Book Value Per Share	13.95	9.65	13.08	22.47	29.08
Total Debt	141M	111M	135M	139M	268M
Net Debt	138M	109M	129M	132M	257M
Debt Equivalent of Unfunded Proj. Benefit Obligation	411K	872K	1.19M	237K	438K
Debt Equivalent Oper. Leases	41.28M	113M	116M	119M	92.39M
Account Code - Inventory Valuation	-	5	5	6	6
Inventories - Raw Materials, Total	84.47M	97.53M	128M	139M	212M
Inventories - Finished Goods, Total	57.25M	26.98M	30.96M	52.43M	77.13M
Machinery, Total	63.85M	67.29M	76.74M	104M	307M
Full Time Employees	-	-	-	76	-

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	2.02M	3.88M	16.36M	5.25M	5.31M
Depreciation & Amortization - CF	5.3M	9.85M	8.65M	10.65M	25.62M
Depreciation & Amortization, Total	5.3M	9.85M	8.65M	10.65M	25.62M
Amortization of Deferred Charges, Total - (CF)	-	105K	194K	184K	355K
(Gain) Loss From Sale Of Asset	-236K	-	-	-	-
Other Operating Activities, Total	10.09M	17.97M	11.93M	15.1M	17.87M
Change In Accounts Receivable	-36.32M	20.81M	14.5M	-29.37M	-35.82M
Change In Inventories	-74.53M	17.2M	-34.58M	-31.92M	-97.71M
Change In Accounts Payable	25.31M	-22.88M	-12.04M	24.12M	144M
Change in Other Net Operating Assets	51.23M	-2.16M	28.25M	-53.93M	-13.76M
Cash from Operations	-17.13M	44.78M	33.27M	-59.92M	45.58M
Capital Expenditure	-28.35M	-3.84M	-9.58M	-26.98M	-203M
Sale of Property, Plant, and Equipment	735K	-	-	-	-
Other Investing Activities, Total	-7.09M	185K	200K	704K	500K
Cash from Investing	-34.71M	-3.66M	-9.38M	-26.27M	-203M
Short Term Debt Issued, Total	-	-	-	8.52M	29.86M
Long-Term Debt Issued, Total	42.62M	-	-	-	99.3M
Total Debt Issued	42.62M	-	-	8.52M	129M
Long-Term Debt Repaid, Total	-	-24.59M	-11.15M	-4.3M	-
Total Debt Repaid	-	-24.59M	-11.15M	-4.3M	-
Issuance of Common Stock	22.19M	18.49M	2.34M	123M	27.25M
Other Financing Activities, Total	-9.91M	-36.16M	-11.66M	-40.2M	-19.33M
Cash from Financing	54.9M	-42.26M	-20.47M	87.03M	137M
Miscellaneous Cash Flow Adjustments	-1K	-	-	-1K	-1K
Net Change in Cash	3.06M	-1.14M	3.42M	836K	-20.25M
Supplemental Items
Cash Interest Paid	9.91M	13.97M	11.66M	12.29M	19.32M
Cash Income Tax Paid (Refund)	762K	1.53M	5.69M	-	2.04M
Levered Free Cash Flow	-107M	27.85M	-24.16M	-100M	-176M
Unlevered Free Cash Flow	-100M	36.58M	-16.87M	-92.52M	-164M
Change In Net Working Capital	85.9M	-18.26M	38.7M	91M	1.28M
Net Debt Issued / Repaid	42.62M	-24.59M	-11.15M	4.21M	129M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.58	4.31	8.54	4.34	2.68
Return on Total Capital	6.72	6.99	12.34	5.71	3.79
Return On Equity %	5.34	8.03	27.45	4.41	2.68
Return on Common Equity	5.34	8.03	27.45	4.41	2.68
Margin Analysis
Gross Profit Margin %	17.9	27.36	36.01	31.58	20.35
SG&A Margin	6.79	11.74	13.73	13.92	7.02
EBITDA Margin %	7.35	9.91	16.59	11.74	8.72
EBITA Margin %	5.31	6.59	13.38	8.07	4.25
EBIT Margin %	5.31	6.59	13.38	8.07	4.25
Income From Continuing Operations Margin %	0.78	1.31	6.07	1.81	0.93
Net Income Margin %	0.78	1.31	6.07	1.81	0.93
Net Avail. For Common Margin %	0.78	1.31	6.07	1.81	0.93
Normalized Net Income Margin	0.63	1.14	5.15	1.84	0.65
Levered Free Cash Flow Margin	-40.96	9.39	-8.96	-34.57	-30.64
Unlevered Free Cash Flow Margin	-38.58	12.34	-6.26	-31.91	-28.53
Asset Turnover
Asset Turnover	1.08	1.05	1.02	0.86	1.01
Fixed Assets Turnover	6.8	6.4	6.2	5.57	3.85
Receivables Turnover (Average Receivables)	3.7	3.8	4.46	4.27	5.71
Inventory Turnover (Average Inventory)	2.04	1.62	1.22	1.13	1.9
Short Term Liquidity
Current Ratio	1.26	1.24	1.26	1.6	1.26
Quick Ratio	0.45	0.43	0.33	0.43	0.34
Operating Cash Flow to Current Liabilities	-0.08	0.28	0.19	-0.29	0.12
Days Sales Outstanding (Average Receivables)	98.7	96.12	81.8	85.68	63.98
Days Outstanding Inventory (Average Inventory)	178.58	225.6	299.98	323.02	191.79
Average Days Payable Outstanding	93.84	138.63	101.87	101.48	97.31
Cash Conversion Cycle (Average Days)	183.44	183.09	279.91	307.22	158.45
Long Term Solvency
Total Debt/Equity	304.62	221.68	195.91	82.26	118.57
Total Debt / Total Capital	75.29	68.91	66.21	45.13	54.25
LT Debt/Equity	138.04	78.45	41	10.64	51.82
Long-Term Debt / Total Capital	34.12	24.39	13.85	5.84	23.71
Total Liabilities / Total Assets	85.24	80.12	74.96	57.58	69.18
EBIT / Interest Expense	1.39	1.4	3.1	1.9	1.26
EBITDA / Interest Expense	1.93	2.1	3.84	2.77	2.59
(EBITDA - Capex) / Interest Expense	-0.93	1.83	3.02	0.57	-7.94
Total Debt / EBITDA	7.39	3.79	3.02	4.09	5.37
Net Debt / EBITDA	7.2	3.7	2.89	3.89	5.15
Total Debt / (EBITDA - Capex)	-15.3	4.36	3.84	19.7	-1.75
Net Debt / (EBITDA - Capex)	-14.9	4.26	3.67	18.74	-1.68
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.27	14.01	-9.06	7.52	97.71
Gross Profit, 1 Yr. Growth %	20.06	74.28	19.67	-5.7	27.99
EBITDA, 1 Yr. Growth %	48.2	53.69	52.28	-23.9	46.73
EBITA, 1 Yr. Growth %	58.46	41.36	84.74	-35.17	4.03
EBIT, 1 Yr. Growth %	58.46	41.36	84.74	-35.17	4.03
Earnings From Cont. Operations, 1 Yr. Growth %	-51.65	91.84	321.9	-67.89	1.03
Net Income, 1 Yr. Growth %	-51.65	91.84	321.9	-67.89	1.03
Normalized Net Income, 1 Yr. Growth %	-48.63	107.96	308.73	-61.63	-30.02
Diluted EPS Before Extra, 1 Yr. Growth %	-55.46	62.17	219.44	-76.54	-6.87
Accounts Receivable, 1 Yr. Growth %	69.63	-23.52	-21.42	55.24	43.4
Inventory, 1 Yr. Growth %	110.91	-12.14	27.77	20.06	51.16
Net Property, Plant and Equip., 1 Yr. Growth %	83.59	-12.95	1.86	36.97	294.59
Total Assets, 1 Yr. Growth %	87.06	-19.53	8.94	44.97	84.03
Tangible Book Value, 1 Yr. Growth %	58.03	7.7	37.58	146.21	33.7
Common Equity, 1 Yr. Growth %	58.03	8.36	37.22	145.58	33.71
Cash From Operations, 1 Yr. Growth %	-217.85	-361.38	-25.7	3.73K	-176.07
Capital Expenditures, 1 Yr. Growth %	144.51	-86.45	149.35	181.61	653.97
Levered Free Cash Flow, 1 Yr. Growth %	-	-126.14	-186.76	314.76	75.23
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-136.46	-146.13	448.31	76.73
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	17.1	1.82	-1.12	45.8
Gross Profit, 2 Yr. CAGR %	-	44.65	44.42	6.23	9.62
EBITDA, 2 Yr. CAGR %	-	50.92	52.99	7.65	5.67
EBITA, 2 Yr. CAGR %	-	49.66	61.6	9.44	-17.88
EBIT, 2 Yr. CAGR %	-	49.66	61.6	9.44	-17.88
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-3.69	184.49	16.39	-43.04
Net Income, 2 Yr. CAGR %	-	-3.69	184.49	16.39	-43.04
Normalized Net Income, 2 Yr. CAGR %	-	3.36	191.55	25.24	-48.18
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-15.01	127.61	-13.43	-53.26
Accounts Receivable, 2 Yr. CAGR %	-	13.9	-22.48	10.45	49.2
Inventory, 2 Yr. CAGR %	-	36.13	5.95	23.85	34.72
Net Property, Plant and Equip., 2 Yr. CAGR %	-	26.42	-5.84	18.12	132.48
Total Assets, 2 Yr. CAGR %	-	22.69	-6.37	25.67	63.34
Tangible Book Value, 2 Yr. CAGR %	-	30.46	21.73	84.05	81.44
Common Equity, 2 Yr. CAGR %	-	30.86	21.94	83.57	81.21
Cash From Operations, 2 Yr. CAGR %	-	75.51	39.36	15.68	439.67
Capital Expenditures, 2 Yr. CAGR %	-	-42.43	-41.87	164.99	360.78
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-52.37	89.69	169.59
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-58.99	59.04	211.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	254.55	-	7.63	3.69	24.57
Gross Profit, 3 Yr. CAGR %	161.01	-	35.79	25.29	12.87
EBITDA, 3 Yr. CAGR %	181.16	-	51.37	21.22	19.36
EBITA, 3 Yr. CAGR %	266.79	-	60.55	19.18	7.6
EBIT, 3 Yr. CAGR %	266.79	-	60.55	19.18	7.6
Earnings From Cont. Operations, 3 Yr. CAGR %	113.74	-	57.58	37.48	11.03
Net Income, 3 Yr. CAGR %	113.74	-	57.58	37.48	11.03
Normalized Net Income, 3 Yr. CAGR %	132.82	-	63.44	48.3	3.15
Diluted EPS Before Extra, 3 Yr. CAGR %	76.81	-	32.14	6.72	-11.3
Accounts Receivable, 3 Yr. CAGR %	239.1	-	0.64	-2.29	20.49
Inventory, 3 Yr. CAGR %	165.17	-	33.28	10.46	32.36
Net Property, Plant and Equip., 3 Yr. CAGR %	37.99	-	17.64	6.69	76.57
Total Assets, 3 Yr. CAGR %	101	-	17.92	8.32	42.71
Tangible Book Value, 3 Yr. CAGR %	35.43	-	32.79	53.95	65.45
Common Equity, 3 Yr. CAGR %	35.43	-	32.95	53.99	65.17
Cash From Operations, 3 Yr. CAGR %	-	-	31.79	51.8	0.59
Capital Expenditures, 3 Yr. CAGR %	-	-	-6.16	-1.64	275.49
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-2.02	84.74
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-2.66	64.73
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	115.25	-	21.53
Gross Profit, 5 Yr. CAGR %	-	-	105.99	-	24.65
EBITDA, 5 Yr. CAGR %	-	-	120.41	-	31.1
EBITA, 5 Yr. CAGR %	-	306.96	164.26	-	22.78
EBIT, 5 Yr. CAGR %	-	306.96	164.26	-	22.78
Earnings From Cont. Operations, 5 Yr. CAGR %	-	194.5	139.64	-	4.89
Net Income, 5 Yr. CAGR %	-	194.5	139.64	-	4.89
Normalized Net Income, 5 Yr. CAGR %	-	215.05	154.74	-	3.23
Diluted EPS Before Extra, 5 Yr. CAGR %	-	23.02	95.61	-	-12.8
Accounts Receivable, 5 Yr. CAGR %	-	268.2	87.92	-	17.81
Inventory, 5 Yr. CAGR %	-	-	83.72	-	33.85
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	18.43	-	54.48
Total Assets, 5 Yr. CAGR %	-	362.06	48.07	-	34.34
Tangible Book Value, 5 Yr. CAGR %	-	260.08	29.78	-	50.45
Common Equity, 5 Yr. CAGR %	-	260.52	29.87	-	50.48
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	25.68
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	77.35