Key Financial Figures (Standalone)

Income Statement for FY26 (Year Ended March 31, 2026):

  • Total Income: ₹4,377.41 crore (FY25: ₹3,961.52 crore)
  • Revenue from Operations: ₹3,762.86 crore (FY25: ₹3,486.45 crore)
  • Other Income: ₹614.55 crore (FY25: ₹475.08 crore)
  • Profit Before Tax: ₹1,609.00 crore (FY25: ₹1,320.46 crore)
  • Total Tax Expense: ₹332.00 crore (FY25: ₹298.95 crore)
  • Profit for the Period (Net Profit): ₹1,276.99 crore (FY25: ₹1,021.51 crore)
  • Total Comprehensive Income: ₹1,285.93 crore (FY25: ₹1,020.94 crore)
  • Basic & Diluted EPS: ₹136.84 (FY25: ₹108.96)

Q4 FY26 (Quarter Ended March 31, 2026):

  • Total Income: ₹1,127.55 crore (Q4 FY25: ₹1,101.36 crore)
  • Profit Before Tax: ₹404.64 crore (Q4 FY25: ₹425.95 crore)
  • Profit for the Period (Net Profit): ₹330.76 crore (Q4 FY25: ₹350.79 crore)
  • Basic & Diluted EPS: ₹35.44 (Q4 FY25: ₹37.09)

Balance Sheet (Standalone) as of March 31, 2026:

  • Total Assets: ₹8,229.85 crore (FY25: ₹7,512.83 crore)
  • Equity Share Capital: ₹18.66 crore
  • Other Equity: ₹7,824.16 crore (FY25: ₹6,687.55 crore)
  • Total Equity: ₹7,842.82 crore (FY25: ₹6,706.21 crore)

Key Financial Figures (Consolidated)

Income Statement for FY26 (Year Ended March 31, 2026):

  • Total Income: ₹4,893.91 crore
  • Profit Before Tax (before exceptional item): ₹1,595.06 crore
  • Exceptional Item: ₹3.28 crore (related to subsidiary closure)
  • Profit Before Tax: ₹1,591.77 crore
  • Profit for the Period (Net Profit) attributable to owners: ₹1,270.16 crore
  • Basic & Diluted EPS: ₹136.11

Q4 FY26 (Quarter Ended March 31, 2026):

  • Profit for the Period (Net Profit) attributable to owners: ₹393.27 crore
  • Basic & Diluted EPS: ₹42.15

Board Decisions and Corporate Actions

1. Reappointment of Managing Director: The Board, based on the Nomination and Remuneration Committee's recommendation, reappointed Mr. Bhadresh Kantilal Shah (DIN: 00058177) as Managing Director for a five-year term effective October 1, 2026, subject to shareholder approval at the ensuing AGM. His profile highlights over 55 years of experience in manufacturing high chrome castings.

2. Dividend Recommendation: The Board recommended a final dividend of ₹16 per equity share (800%) on a face value of ₹2 each for FY25-26, amounting to ₹149.31 crore, subject to shareholder approval.

3. 36th Annual General Meeting (AGM): The 36th AGM is scheduled for Tuesday, September 15, 2026, at 11:00 AM through Video Conferencing/Other Audio Visual Means.

4. Record Date for Dividend: The company fixed September 5, 2026, as the record date to determine members entitled to the dividend. If declared, the dividend will be paid on or before October 14, 2026.

Operational and Other Highlights from Notes

  • Segment Reporting: The company has one reportable business segment: "Manufacturing of High Chrome Mill Internals" (per Ind AS 108).
  • US Anti-Dumping Duty: The company and its US subsidiary (VEGA USA) are subject to a Countervailing Duty of 3.16% and an Anti-Dumping Duty of 6.91% on certain grinding media imported from India, effective June 12, 2025.
  • Buyback Completion: The buyback of up to 10 lakh equity shares (1.06% of capital) at up to ₹5,000 per share for a max consideration of ₹500 crore, approved on August 7, 2024, was completed on September 6, 2024.
  • Nagpur Unit Closure: The Board decided on July 29, 2025, to discontinue manufacturing operations at the Nagpur unit. The disclosure states this closure will not adversely affect production or profitability.
  • Impact of New Labour Codes: Effective November 21, 2025, the consolidation of labour laws (New Labour Codes) resulted in an incremental gratuity liability of ₹4.33 crore (Standalone) and ₹4.34 crore (Consolidated) for FY26.
  • Subsidiary Update - Welcast Steels Limited (WSL): The board of WSL decided on October 15, 2025, to close its factory effective December 15, 2025. Due to pending labour disputes, its financials are prepared on a non-going concern basis. An exceptional item of ₹3.28 crore was provided for employee closure compensation in the consolidated results.
  • Subsidiary Update - Vega MPS Pty. Ltd.: The Middle East subsidiary increased its stake in the joint venture Vega MPS Pty. Ltd., Australia, to 70% by acquiring an additional 14% on December 10, 2025, for AUD 5.65 million.