Analysing the Financial Performance of Archies Ltd

1. Introduction
Archies Limited is a part of everyday moments in India. It stands out in their range: cards show up at birthdays, gifts during festivals, little anniversary gifts. Time passes, yet people still reach for those familiar designs when something feels worth saying. Emotion shapes the product, quietly sitting on shelves, waiting to be chosen. The name stuck not by shouting, but by staying close to what matters in small ways.
Industry Overview
Nowadays, celebrating moments means more than just paper notes, personalized keepsakes and home accents share the spotlight too.Earlier printed cards ruled the scene across India's festive culture. Digital messages, then websites offering doorstep deliveries followed close behind. Firms that once relied on holiday mail must now stand out amid rising rivals online.
Purpose of the Analysis
The company Archies Limited is understanding how it runs, who leads it, what works well, where it falls and what might come next, a clear picture of where it stands today.
2. Company Overview
Background and History
Archies Limited company with just greeting cards, it slowly branched into gifts, then paper goods and many everyday items. As time passed, shops spread in cities and towns through India. People began recognising the name with presents, celebrations, and moments worth marking. Today, that presence remains visible across India.
Business Model
From shop it runs itself to franchisee,various resale paths, the brand moves its goods. Sales mostly flow in by way of greeting cards, gifts, along with things made for special moments.
Key Products and Services
In Archies, you can find greeting cards, soft toys on shelves. Mugs appear next to photo frames in their collection. Decorative gifts are demanded often during festive seasons. Personalized items made around birthdays and anniversaries. Each product carries a quiet charm without branding.
Market Position
Now seen in India’s structured gift market, Archies still holds recognition. Yet today, internet-based greeting services and E-gift sites are against its presence.
3. Promoter Or Founder Intro
Name Of Promoter Or Founder
Anil Moolchandani started the business.The company became successful because of his efforts.

Professional Background
Anil Moolchandani built a company in helping others share feelings at meaningful moments. Though many run behind profits, he focused instead on crafting items for celebration and connection.His work centers around giving emotion a physical matter.Some see gifting as routine, he treats it as a way to strong bonds. As time passed small ideas grew into offering shaped by human experiences.
Anil moolchandani
How Roles Contribute to Company Growth
He helped grow the company beyond just greeting cards. Its presence spread in India, reaching towns and cities. One shop at a time, recognition built without struggle. Now it stands as a known name in many local markets.
Financial Statement Analysis
Income Statement Analysis
Revenue Trend Chart

Particulars (₹ Million) | FY 2023 | FY 2024 | FY 2025 | Analysis |
Revenue | 837.5 | 790.8 | 691.4 | Revenue decreased. |
Gross Profit | 475.6 | 433.6 | 420.7 | Gross profit reduced. |
Operating Expenses | 182.4 | 203.2 | 194.7 | Expenses increased |
Net Profit / Loss | -26.0 | -82.1 | -10.3 | The company reported losses |
Revenue Growth | 10.3% | -5.6% | -12.6% | Growth became negative. |
2. Balance Sheet Analysis
Particulars (₹ Million) | FY 2023 | FY 2024 | FY 2025 | Analysis |
Total Assets | 1860 | 1910 | 1920 | Asset increased |
Current Assets | 520 | 510 | 498 | Current asset decreased |
Total Liabilities | 600 | 610 | 617 | Liability increased |
Total Debt | 420 | 430 | 436 | Debt shows a gradual rise. |
Shareholders’ Equity | 1260 | 1300 | 1303 | Equity remained relatively stable. |
3. Cash Flow Statement Analysis
Cash Flow Component (₹ Million) | FY 2023 | FY 2024 | FY 2025 | Analysis |
Operating Cash Flow | 65 | 70 | 77 | Cash generated from operations increased |
Investing Cash Flow | -5 | -4 | -3 | Negative values. |
Financing Cash Flow | 10 | 8 | 6 | Financing inflows decreased. |
Free Cash Flow | 60 | 66 | 74 | Free cash flow improved slightly. |
4. Key Financial Ratio
Ratio Category | Ratio | FY 2023 | FY 2024 | FY 2025 | Interpretation |
Profitability | Gross Profit Margin | 56.7% | 54.8% | 60.8% | Margin improved |
Profitability | Net Profit Margin | -3.1% | -10.4% | -1.5% | Negative margins |
Liquidity | Current Ratio | 1.6 | 1.5 | 1.4 | Liquidity declined |
Leverage | Debt to Equity Ratio | 0.33 | 0.33 | 0.34 | Moderate level of financial leverage. |
Efficiency | Asset Turnover Ratio | 0.45 | 0.41 | 0.36 | Efficiency declined as assets. |
Interpretation:
The ratio analysis shows weak profitability, slightly declining liquidity, and moderate financial leverage.
5. Year-on-Year Comparison (3 Years)
Financial Indicator | FY 2023 | FY 2024 | FY 2025 | Overall Trend |
Revenue | ₹837.5M | ₹790.8M | ₹691.4M | Decreasing |
Net Profit | -₹26M | -₹82.1M | -₹10.3M | Continuous losses |
Total Assets | ₹1860M | ₹1910M | ₹1920M | Slight increase |
Total Liabilities | ₹600M | ₹610M | ₹617M | Gradual increase |
Operating cash | ₹65M | ₹70M | ₹77M | Improving |
5. Key Insights And Interpretation
Strengths
Strong recognition in the gifting industry
Many products for different occasions
Retail presence throughout Country
Weaknesses
Declining demand in physical cards
Strong competition from online platforms
Dependent on physical retail stores
Risk Factors
Changing consumer preferences toward digital market
Increasing competition from e-commerce businesses
Festivals often take shape when people buy things most years. When holidays come around, shopping tends to grow. Shopping habits shift during those times.
Future Outlook
Build a stronger internet availability while shifting attention toward custom, up-to-date gifts. Staying in step with how buyers preference could make the difference.
6. Conclusion
Assessing the Overall Financial Condition
Archies Limited built trust across India’s gift market. Still, new online players has disturbed its ground now people pick different ways to send gift of love.
Investment Or Performance View
Whatever happens next depends on shifting gears fast staying ahead means selling more through internet channels instead of sticking to old methods. Refreshing what they offer could make or break their position.
7.DATA SOURCES
https://archiesonline.com/?srsltid=AfmBOoobQCr-lkCGlo2xB1ipW0ukXdToOLbrO-PqmH1pMs-Z00S64bPQ
https://www.screener.in/company/ARCHIES/