🏗️ Tembo Global Industries Q4 FY25 Results: Profit Up, Cash Flow Down, and ₹57 Cr in “Other Liabilities”? WTF is Cooking?

by Prashant Marathe | EduInvesting.in | 22 May 2025

⚡ At a Glance:

Tembo Global Industries just dropped their Q4 FY25 results and the headline numbers look spicy — revenue up, profit solid, EPS rising like Adani stock in 2021.

But look under the hood, and you’ll find:

• 🧾 Negative operating cash flow
• 💸 ₹2,205 Cr in current borrowings
• 🧟 “Other financial assets” worth ₹338 Cr just… sitting there?
• 🧂 And ₹57 Cr in “Other Liabilities” that no one is talking about.

So, multibagger in the making or just another leveraged textile-meets-engineering cocktail waiting to go bust?

Let’s find out.

🏢 About the Company

Tembo Global Industries Ltd manufactures and trades in engineering products and fabrics.
Yes, steel brackets and synthetic textiles in the same company — because why not diversify like your neighbourhood kirana store?

They operate under two main segments:

• 🧰 Engineering: pipes, brackets, supports (used in infra and MEP)
• 🧵 Fabrics: trading of textile materials — a fancy way to say wholesale polyester

🙇♂️ Key Managerial Personnel (KMP)

• CMD: Jayant Baheti – also the public face of the company
• CFO: Arvind Rathi – the guy who probably approved ₹825 Cr in “Other Financial Assets”
• Auditor: R.A. Kuvadiya & Co. – gave an unmodified opinion, but let’s just say we have questions.

📊 Financials (Q4 FY25 + Full Year)

✅ Q4 FY25 (Standalone)

✅ Q4 FY25 (Consolidated)