Cash flow TBO Tek Limited

Equities

TBOTEK

INE673O01025

Leisure & Recreation

End-of-day quote NSE India S.E. Other stock markets 2025-12-05			5-day change	1st Jan Change
1,625.30 ^INR	-2.75%		-4.38%	-6.28%

Nov. 11	21,717,560 Equity Shares of TBO Tek Limited are subject to a Lock-Up Agreement Ending on 12-NOV-2025.	CI
Nov. 03	TBO Tek Limited, Q2 2026 Earnings Call, Nov 03, 2025

40077c6de2236c640f0c4756.t53r8WAQGuyVqp1oysxi68PwqocL6anmViAoO7Hhg_M.4cqblA94Xors-sw4rJ1UsqLdw-5Sq-irIHMbAuuj9MuDrL6-MnRPhvrn9g

Published financial data: TBO TEK LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	1.42B	4.83B	10.65B	13.93B	17.37B
Total Revenues	1.42B	4.83B	10.65B	13.93B	17.37B
Cost of Goods Sold, Total	596M	1.33B	38.05M	2.7B	3.51B
Gross Profit	822M	3.51B	10.61B	11.22B	13.86B
Selling General & Admin Expenses, Total	360M	1.59B	5.92B	5.12B	5.69B
Provision for Bad Debts	61.33M	37.32M	76.44M	88.36M	-
Depreciation & Amortization - (IS)	111M	157M	246M	362M	519M
Other Operating Expenses	623M	1.51B	2.66B	3.41B	4.88B
Other Operating Expenses, Total	1.15B	3.29B	8.9B	8.97B	11.09B
Operating Income	-333M	216M	1.71B	2.25B	2.77B
Interest Expense, Total	-11.93M	-35.39M	-71.67M	-106M	-233M
Interest And Investment Income	86.62M	65.4M	68.14M	116M	359M
Net Interest Expenses	74.69M	30.01M	-3.53M	9.45M	127M
Income (Loss) On Equity Invest.	-	-32.83M	-490K	-	-
Currency Exchange Gains (Loss)	24.79M	85.84M	47.88M	-55.7M	-257M
Other Non Operating Income (Expenses)	650K	-46.18M	-114M	-23.55M	-24.19M
EBT, Excl. Unusual Items	-233M	253M	1.64B	2.18B	2.62B
Gain (Loss) On Sale Of Investments	-5.13M	-1.93M	16.41M	35.55M	-190M
Gain (Loss) On Sale Of Assets	180K	90K	290K	-10K	430K
Other Unusual Items	-57.77M	209M	84.15M	52.93M	319M
EBT, Incl. Unusual Items	-295M	460M	1.74B	2.27B	2.75B
Income Tax Expense	46.12M	123M	257M	263M	447M
Earnings From Continuing Operations	-341M	337M	1.48B	2.01B	2.3B
Net Income to Company	-341M	337M	1.48B	2.01B	2.3B
Minority Interest	-	-	-	15.74M	-
Net Income - (IS)	-341M	337M	1.48B	2.02B	2.3B
Preferred Dividend and Other Adjustments	-	-	42.4M	-	-
Net Income to Common Incl Extra Items	-341M	337M	1.44B	2.02B	2.3B
Net Income to Common Excl. Extra Items	-341M	337M	1.44B	2.02B	2.3B
Per Share Items
Net EPS - Basic	-3.28	3.32	14.21	19.85	21.73
Basic EPS - Continuing Operations	-3.28	3.32	14.21	19.85	21.73
Basic Weighted Average Shares Outstanding	104M	102M	102M	102M	106M
Net EPS - Diluted	-3.28	3.32	14.07	19.67	21.48
Diluted EPS - Continuing Operations	-3.28	3.32	14.07	19.67	21.48
Diluted Weighted Average Shares Outstanding	104M	102M	102M	103M	107M
Normalized Basic EPS	-1.39	1.56	10.1	13.54	15.45
Normalized Diluted EPS	-1.39	1.56	10.01	13.41	15.28
Supplemental Items
EBITDA	-318M	248M	1.8B	2.43B	3.08B
EBITA	-333M	231M	1.76B	2.38B	3.01B
EBIT	-333M	216M	1.71B	2.25B	2.77B
EBITDAR	-	-	1.82B	2.45B	-
Total Revenues (As Reported)	1.77B	5.12B	10.86B	14.15B	17.99B
Effective Tax Rate - (Ratio)	-15.62	26.75	14.76	11.61	16.27
Total Current Taxes	62.28M	154M	305M	263M	416M
Total Deferred Taxes	-16.16M	-30.39M	-48.41M	110K	30.33M
Normalized Net Income	-145M	158M	1.03B	1.38B	1.63B
Interest on Long-Term Debt	8.75M	27.52M	64.28M	83.99M	193M
Non-Cash Pension Expense	4.16M	4.9M	6.07M	9.03M	11.51M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	-	-	294M	298M	-
Selling and Marketing Expenses	-	-	294M	298M	-
Net Rental Expense, Total	-	-	19.35M	20.65M	-
Imputed Operating Lease Interest Expense	-	-	16.56M	12.52M	-
Imputed Operating Lease Depreciation	-	-	2.79M	8.13M	-
Maintenance & Repair Expenses, Total	-	-	38.05M	22.85M	-
Stock-Based Comp., SG&A Exp. (Total)	-	3.39M	50.22M	92.37M	249M
Total Stock-Based Compensation	-	3.39M	50.22M	92.37M	249M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	2.69B	4.25B	5.63B	7.51B	9.62B
Short Term Investments	233M	125M	144M	-	-
Trading Asset Securities, Total	-	-	2.04M	-	1.7B
Total Cash And Short Term Investments	2.92B	4.37B	5.78B	7.51B	11.32B
Accounts Receivable, Total	1.2B	5.31B	15.66B	33.07B	40.61B
Other Receivables	205M	484M	492M	651M	316M
Notes Receivable	12.01M	21.72M	14.44M	13.37M	23.49M
Total Receivables	1.42B	5.82B	16.17B	33.73B	40.95B
Prepaid Expenses	22.43M	51.44M	118M	116M	173M
Other Current Assets, Total	983M	1.43B	1.99B	3.4B	5.54B
Total Current Assets	5.35B	11.67B	24.06B	44.76B	57.99B
Gross Property Plant And Equipment	233M	835M	999M	1.25B	1.4B
Accumulated Depreciation	-137M	-168M	-290M	-447M	-624M
Net Property Plant And Equipment	96.23M	667M	708M	799M	778M
Long-term Investments	43.15M	800K	330K	20.34M	20.34M
Goodwill	-	32.59M	361M	886M	912M
Other Intangibles, Total	217M	223M	289M	1.94B	2.15B
Loans Receivable Long-Term	-	30.05M	-	-	-
Deferred Tax Assets Long-Term	37.35M	68.96M	118M	120M	153M
Other Long-Term Assets, Total	18.99M	21.88M	40.89M	45.62M	135M
Total Assets	5.76B	12.71B	25.58B	48.57B	62.14B
Liabilities
Accounts Payable, Total	1.73B	7.27B	18.03B	36.03B	43.21B
Accrued Expenses, Total	174M	449M	519M	573M	627M
Current Portion of Long-Term Debt	-	-	7.44M	-	462M
Current Portion of Leases	34.64M	42.77M	51.03M	115M	112M
Current Income Taxes Payable	4.13M	-	76.4M	92.94M	185M
Unearned Revenue Current, Total	761M	1.32B	2.02B	2.52B	2.42B
Other Current Liabilities	836M	639M	745M	1.23B	1.34B
Total Current Liabilities	3.54B	9.72B	21.45B	40.56B	48.37B
Long-Term Debt	-	26.94M	56.16M	1.35B	901M
Long-Term Leases	49.7M	564M	592M	638M	666M
Unearned Revenue Non Current	53.04M	-	3.54M	-	-
Pension & Other Post Retirement Benefits	75.86M	84.35M	109M	138M	176M
Deferred Tax Liability Non Current	-	-	-	22.5M	83.06M
Other Non Current Liabilities	-	-	-	413M	-
Total Liabilities	3.72B	10.4B	22.21B	43.13B	50.19B
Common Stock, Total	18.95M	104M	104M	104M	109M
Additional Paid In Capital	592M	507M	507M	507M	4.39B
Retained Earnings	1.38B	1.72B	2.7B	4.7B	7.02B
Treasury Stock	-	-86.15M	-86.15M	-76.03M	-72.17M
Comprehensive Income and Other	45.99M	77.43M	177M	217M	505M
Total Common Equity	2.04B	2.32B	3.4B	5.45B	11.95B
Minority Interest	-	-	-30.94M	-	-
Total Equity	2.04B	2.32B	3.37B	5.45B	11.95B
Total Liabilities And Equity	5.76B	12.71B	25.58B	48.57B	62.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	104M	102M	102M	106M	106M
ECS Total Common Shares Outstanding	104M	102M	102M	102M	106M
Book Value / Share	19.58	22.85	33.52	53.5	112.42
Tangible Book Value	1.82B	2.06B	2.75B	2.62B	8.89B
Tangible Book Value Per Share	17.5	20.32	27.11	25.71	83.59
Total Debt	84.34M	634M	706M	2.1B	2.14B
Net Debt	-2.84B	-3.74B	-5.07B	-5.41B	-9.18B
Debt Equivalent of Unfunded Proj. Benefit Obligation	88.08M	109M	142M	180M	215M
Debt Equivalent Oper. Leases	-	-	155M	165M	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-30.94M	-	-
Equity Method Investments, Total	-	490K	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	49.36M	96.61M	155M	206M	258M
Full Time Employees	-	-	1.78K	2K	1.55K
Accumulated Allowance for Doubtful Accounts (Supple)	169M	205M	225M	255M	354M

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	-341M	337M	1.48B	2.02B	2.3B
Depreciation & Amortization - CF	69.51M	85.03M	122M	159M	187M
Amortization of Goodwill and Intangible Assets - (CF)	-	14.77M	53.72M	133M	240M
Depreciation & Amortization, Total	69.51M	99.8M	176M	292M	427M
Amortization of Deferred Charges, Total - (CF)	41.69M	57.01M	69.7M	69.82M	91.41M
(Gain) Loss From Sale Of Asset	-180K	-90K	-290K	10K	-430K
(Gain) Loss on Sale of Investments - (CF)	5.13M	1.93M	16.3M	-26.41M	-59.35M
(Income) Loss On Equity Investments - (CF)	-	32.83M	490K	-	-
Stock-Based Compensation (CF)	-	3.39M	50.22M	92.37M	249M
Provision and Write-off of Bad Debts	61.33M	37.32M	76.44M	88.36M	250M
Other Operating Activities, Total	-289M	-181M	-57.68M	-120M	-245M
Change In Accounts Receivable	1.69B	-3.97B	-9.96B	-10B	-5.74B
Change In Accounts Payable	-915M	5.36B	10.08B	10.75B	5.1B
Change in Other Net Operating Assets	173M	187M	446M	-907M	512M
Cash from Operations	497M	1.97B	2.37B	2.26B	2.89B
Capital Expenditure	-5.74M	-58.94M	-65.42M	-87.85M	-62.78M
Sale of Property, Plant, and Equipment	180K	90K	290K	4.06M	430K
Cash Acquisitions	-	-60M	-918M	-1.28B	-363M
Sale (Purchase) of Intangible assets	-67.45M	-19.74M	-4.8M	-299M	-469M
Investment in Marketable and Equity Securities, Total	-273M	-162M	-185M	-28.18M	-3.86B
Other Investing Activities, Total	86.62M	4.41M	112M	117M	341M
Cash from Investing	-259M	-297M	-1.06B	-1.57B	-4.41B
Short Term Debt Issued, Total	950K	-	-	-	27.52M
Long-Term Debt Issued, Total	-	-	-	1.34B	-
Total Debt Issued	950K	-	-	1.34B	27.52M
Short Term Debt Repaid, Total	-	-2M	-13.27M	-5.05M	-
Long-Term Debt Repaid, Total	-52.04M	-88.53M	-60.49M	-88.66M	-77.19M
Total Debt Repaid	-52.04M	-90.53M	-73.76M	-93.71M	-77.19M
Issuance of Common Stock	-	26.15M	-	19.22M	3.9B
Repurchase of Common Stock	-	-86.15M	-	-	-
Other Financing Activities, Total	-	-	-66.79M	-108M	-200M
Cash from Financing	-51.09M	-151M	-141M	1.15B	3.65B
Foreign Exchange Rate Adjustments	-16.88M	37.83M	118M	35.93M	-24.83M
Miscellaneous Cash Flow Adjustments	-	-	95.2M	-	-
Net Change in Cash	169M	1.56B	1.38B	1.88B	2.1B
Supplemental Items
Cash Interest Paid	-	-	66.79M	91.24M	193M
Cash Income Tax Paid (Refund)	38.7M	165M	228M	265M	312M
Levered Free Cash Flow	757M	1.49B	1.98B	1.5B	-260M
Unlevered Free Cash Flow	765M	1.52B	2.02B	1.57B	-114M
Change In Net Working Capital	-935M	-1.3B	-726M	-96.05M	2.08B
Net Debt Issued / Repaid	-51.09M	-90.53M	-73.76M	1.24B	-49.67M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	-3.04	1.46	5.58	3.79	3.13
Return on Total Capital	-8.86	5.32	30.41	24.19	16
Return On Equity %	-15.37	15.47	52.18	45.48	26.43
Return on Common Equity	-15.37	15.47	50.42	45.68	26.43
Margin Analysis
Gross Profit Margin %	57.98	72.53	99.64	80.59	79.78
SG&A Margin	25.37	32.87	55.58	36.75	32.74
EBITDA Margin %	-22.42	5.14	16.91	17.47	17.7
EBITA Margin %	-23.46	4.78	16.57	17.11	17.33
EBIT Margin %	-23.46	4.47	16.07	16.16	15.95
Income From Continuing Operations Margin %	-24.08	6.98	13.95	14.4	13.23
Net Income Margin %	-24.08	6.98	13.95	14.51	13.23
Net Avail. For Common Margin %	-24.08	6.98	13.55	14.51	13.23
Normalized Net Income Margin	-10.25	3.27	9.63	9.9	9.41
Levered Free Cash Flow Margin	53.41	30.9	18.56	10.79	-1.49
Unlevered Free Cash Flow Margin	53.94	31.36	18.98	11.27	-0.66
Asset Turnover
Asset Turnover	0.21	0.52	0.56	0.38	0.31
Fixed Assets Turnover	9.94	12.66	15.47	18.49	22.04
Receivables Turnover (Average Receivables)	0.67	1.48	1.02	0.57	0.47
Short Term Liquidity
Current Ratio	1.51	1.2	1.12	1.1	1.2
Quick Ratio	1.22	1.05	1.02	1.02	1.08
Operating Cash Flow to Current Liabilities	0.14	0.2	0.11	0.06	0.06
Days Sales Outstanding (Average Receivables)	545.09	245.95	359.53	640.24	773.92
Average Days Payable Outstanding	1.4K	1.24K	121K	3.66K	4.12K
Long Term Solvency
Total Debt/Equity	4.13	27.34	20.94	38.63	17.92
Total Debt / Total Capital	3.97	21.47	17.32	27.87	15.2
LT Debt/Equity	2.44	25.5	19.21	36.51	13.12
Long-Term Debt / Total Capital	2.34	20.02	15.88	26.34	11.12
Total Liabilities / Total Assets	64.58	81.76	86.82	88.78	80.77
EBIT / Interest Expense	-27.89	6.11	23.87	21.13	11.9
EBITDA / Interest Expense	-22.06	8.93	26.32	23.87	13.74
(EBITDA - Capex) / Interest Expense	-22.54	7.26	25.41	23.05	13.47
Total Debt / EBITDA	-0.32	2.01	0.37	0.83	0.67
Net Debt / EBITDA	10.79	-11.84	-2.69	-2.13	-2.87
Total Debt / (EBITDA - Capex)	-0.31	2.47	0.39	0.86	0.68
Net Debt / (EBITDA - Capex)	10.56	-14.56	-2.79	-2.2	-2.93
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-75.16	240.8	120.29	30.83	24.74
Gross Profit, 1 Yr. Growth %	-82.52	326.34	120.22	34.04	23.25
EBITDA, 1 Yr. Growth %	-141.81	-178.06	625.17	35.22	21.93
EBITA, 1 Yr. Growth %	-144.56	-169.39	664.27	35.06	21.83
EBIT, 1 Yr. Growth %	-144.56	-164.95	691.65	31.55	18.47
Earnings From Cont. Operations, 1 Yr. Growth %	-146.82	-198.75	340.4	35.07	14.62
Net Income, 1 Yr. Growth %	-146.82	-198.75	340.4	40.14	13.72
Normalized Net Income, 1 Yr. Growth %	-128.61	-208.74	548.81	41.73	13.43
Diluted EPS Before Extra, 1 Yr. Growth %	-146.88	-201.22	323.8	39.8	9.2
Accounts Receivable, 1 Yr. Growth %	-60.37	341.82	194.89	111.13	22.82
Net Property, Plant and Equip., 1 Yr. Growth %	-49.08	593.64	6.13	12.72	-2.55
Total Assets, 1 Yr. Growth %	-27.34	120.67	101.19	89.9	27.93
Tangible Book Value, 1 Yr. Growth %	-17.44	13.13	33.4	-4.88	239.4
Common Equity, 1 Yr. Growth %	-15.09	13.64	46.74	60.1	119.35
Cash From Operations, 1 Yr. Growth %	-1.64K	296.19	19.74	-4.59	27.51
Capital Expenditures, 1 Yr. Growth %	-61.96	926.83	10.99	34.29	-28.54
Levered Free Cash Flow, 1 Yr. Growth %	-224.15	97.16	32.31	-23.93	-116.66
Unlevered Free Cash Flow, 1 Yr. Growth %	-228.63	98.13	33.34	-22.32	-107.02
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-43.28	-7.99	174	69.77	27.75
Gross Profit, 2 Yr. CAGR %	-52.42	-13.67	174.04	52.65	28.66
EBITDA, 2 Yr. CAGR %	-8.71	-42.87	137.92	213.14	30.71
EBITA, 2 Yr. CAGR %	-5.52	-44.4	130.28	221.28	30.63
EBIT, 2 Yr. CAGR %	-5.52	-46.2	126.75	222.71	27.26
Earnings From Cont. Operations, 2 Yr. CAGR %	13.87	-32	108.54	143.9	24.43
Net Income, 2 Yr. CAGR %	13.87	-32	108.54	144.86	26.24
Normalized Net Income, 2 Yr. CAGR %	-19.82	-44.22	165.62	195.31	29.65
Diluted EPS Before Extra, 2 Yr. CAGR %	13.95	-31.11	107.11	143.41	23.56
Accounts Receivable, 2 Yr. CAGR %	-43.74	32.32	260.96	149.52	61.03
Net Property, Plant and Equip., 2 Yr. CAGR %	-36.63	87.93	171.32	9.38	4.81
Total Assets, 2 Yr. CAGR %	-16.49	26.62	110.7	95.46	55.87
Tangible Book Value, 2 Yr. CAGR %	13.71	-3.36	22.85	12.65	79.68
Common Equity, 2 Yr. CAGR %	12.6	-1.77	29.13	53.27	87.4
Cash From Operations, 2 Yr. CAGR %	-27.1	681.85	116.58	6.88	10.3
Capital Expenditures, 2 Yr. CAGR %	-50.69	97.63	237.6	22.09	-2.04
Levered Free Cash Flow, 2 Yr. CAGR %	-44.54	56.45	61.51	0.33	-63.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	-44.4	59.64	62.54	1.77	-76.24
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-25.5	3.11	23.09	114.16	53.19
Gross Profit, 3 Yr. CAGR %	-5.79	-1.17	31.15	99.55	42.24
EBITDA, 3 Yr. CAGR %	-10.85	-13.35	33.27	97.07	131.4
EBITA, 3 Yr. CAGR %	-8.93	-14.76	33.19	92.76	135.38
EBIT, 3 Yr. CAGR %	-8.93	-16.61	31.83	89.11	134.05
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.35	8.59	26.75	80.43	89.62
Net Income, 3 Yr. CAGR %	-1.35	8.59	26.75	80.91	89.62
Normalized Net Income, 3 Yr. CAGR %	-21.44	-11.25	26.39	111.67	117.87
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.3	9.54	26.22	81.68	86.34
Accounts Receivable, 3 Yr. CAGR %	-25.66	11.83	72.84	201.87	97.01
Net Property, Plant and Equip., 3 Yr. CAGR %	91.57	40.71	55.34	102.45	5.25
Total Assets, 3 Yr. CAGR %	-1.02	15.45	47.75	103.53	69.71
Tangible Book Value, 3 Yr. CAGR %	11.4	13.51	7.61	12.81	62.7
Common Equity, 3 Yr. CAGR %	15.59	12.95	12.29	38.72	72.73
Cash From Operations, 3 Yr. CAGR %	239.77	28.17	319.4	64.8	13.36
Capital Expenditures, 3 Yr. CAGR %	-17.88	35.66	63.06	148.28	2.13
Levered Free Cash Flow, 3 Yr. CAGR %	-	-15.36	47.95	25.67	-44.19
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-15.08	50.34	27.08	-57.78
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	25.43	25.87	24.94
Gross Profit, 5 Yr. CAGR %	-	-	60.91	25.32	24.14
EBITDA, 5 Yr. CAGR %	-	-	32.02	44.86	32.24
EBITA, 5 Yr. CAGR %	-	-	31.98	44.93	32.16
EBIT, 5 Yr. CAGR %	-	-	31.17	43.28	29.98
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	33.09	50.09	25.81
Net Income, 5 Yr. CAGR %	-	-	33.09	50.33	25.81
Normalized Net Income, 5 Yr. CAGR %	-	-	27.88	43.55	26.33
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	32.76	50.75	25.15
Accounts Receivable, 5 Yr. CAGR %	-	-	39.87	54.16	68.01
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	120.19	27.22	32.72
Total Assets, 5 Yr. CAGR %	-	-	33.91	42.51	50.95
Tangible Book Value, 5 Yr. CAGR %	-	-	15.85	13.17	32.1
Common Equity, 5 Yr. CAGR %	-	-	20.83	27.62	37.82
Cash From Operations, 5 Yr. CAGR %	-	-	184.85	19.38	145.81
Capital Expenditures, 5 Yr. CAGR %	-	-	44.55	30.06	32.99
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-9.4	-15.71
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-8.7	-28.12