Financial Performance Highlights
Bombay Cycle reported a significant turnaround in FY26 with consolidated net profit of ₹244.40 lakh, compared to a loss of ₹308.82 lakh in FY25. Standalone performance showed PAT decreasing to ₹2.24 crore from ₹2.68 crore YoY. Basic and diluted EPS stood at ₹61.10 for FY26 versus a loss per share of ₹77.21 in FY25.
Segment Performance & Revenue Breakdown
The company operates through two segments: Automobile Services and Hospitality. Auto division revenue reached ₹4.33 crore (FY26) while Hospitality division grew to ₹6.98 crore from ₹6.18 crore YoY. Total consolidated revenue was ₹13.63 crore compared to ₹12.37 crore in the previous year.
AGM Details & Corporate Actions
The 107th Annual General Meeting is scheduled for August 7, 2026, to be conducted virtually. Key agenda items include adoption of FY26 financial statements, declaration of final dividend of ₹5 per equity share (50% of face value), and reappointment of Mr. Chakor L. Doshi as director. Record date for dividend is July 24, 2026, with payment due by September 4, 2026.
Contingent Liabilities & Risk Factors
The company disclosed contingent liabilities of ₹1,198.28 lakh relating to 9 ongoing litigation cases. Based on legal opinion, management believes the company has a fair chance of winning these cases and therefore no provisions have been made in the financial statements.
Subsidiary Performance
Wholly-owned subsidiary Walchand Advanced Composites reported a net profit of ₹20.35 lakh for FY26. The subsidiary has share capital of ₹900.00 lakh and reserves & surplus of (₹717.40) lakh, with total assets of ₹942.28 lakh.
Key Financial Positions & Transactions
Total standalone assets stood at ₹38.79 crore as of March 31, 2026, with equity share capital of ₹4.00 crore and reserves & surplus of ₹32.23 crore. Key managerial personnel remuneration totaled ₹21.61 lakh. The company maintained investments of ₹8.42 crore (non-current) and ₹3.17 crore (current), with cash equivalents of ₹1.62 crore.
Corporate Governance & Compliance
The company confirmed full compliance with regulatory requirements, including constituted mandatory committees (Audit, Nomination & Remuneration, Stakeholders Relationship), implementation of Whistle Blower Policy, and no reported frauds. Shareholding pattern shows promoters holding 72.46% with 94.87% shares dematerialized.
Historical Context & Dividend Consistency
The company has maintained consistent dividend payment of 50% (₹20.00 lakh) since 2019-2020, demonstrating stable shareholder returns despite fluctuating profitability in recent years.