Financial Performance Highlights
FY26 Consolidated Performance:
- Revenue from Operations: ₹26,447.9 lacs, up 12.5% YoY from ₹23,510.9 lacs in FY25
- Gross Profit: ₹13,616.7 lacs with Gross Profit Margin of 51.5% (400 bps improvement from 47.5% in FY25)
- EBITDA: ₹5,459.5 lacs, up 45.6% YoY with EBITDA Margin of 20.6% (460 bps expansion from 16.0% in FY25)
- PAT: ₹3,014.0 lacs, up 67.2% YoY with PAT Margin of 11.4% (370 bps expansion from 7.7% in FY25)
- EPS: ₹27.85 (up from ₹16.65 in FY25)
Q4 FY26 Consolidated Performance:
- Revenue: ₹6,974.8 lacs
- Gross Profit: ₹3,563.5 lacs with Gross Profit Margin of 51.1%
- EBITDA: ₹1,472.3 lacs with EBITDA Margin of 21.1% (500 bps improvement YoY)
- PAT: ₹832.7 lacs with PAT Margin of 11.9% (340 bps improvement YoY)
- EPS: ₹7.69
Balance Sheet Position (as of March 31, 2026)
Assets:
- Total Assets: ₹22,554.6 lacs (vs ₹18,112.8 lacs in Mar-25)
- Property, Plant and Equipment: ₹8,842.0 lacs
- Capital Work-in-Progress: ₹632.6 lacs
- Inventories: ₹6,941.7 lacs
- Trade Receivables: ₹3,178.6 lacs
- Cash and Cash Equivalents: ₹642.9 lacs
Liabilities and Equity:
- Total Equity: ₹12,959.9 lacs (vs ₹9,994.5 lacs in Mar-25)
- Equity Share Capital: ₹1,082.4 lacs (unchanged)
- Other Equity: ₹11,877.5 lacs
- Borrowings: ₹7,647.9 lacs (₹2,479.6 lacs non-current, ₹5,168.3 lacs current)
- Current Tax Liabilities: ₹395.3 lacs
Cash Flow Statement
- Net Cash from Operating Activities: ₹818.2 lacs (vs ₹1,707.9 lacs in FY25)
- Cash Flow from Investing Activities: -₹2,616.2 lacs (vs -₹1,158.8 lacs in FY25)
- Cash Flow from Financing Activities: ₹1,692.6 lacs (vs -₹487.2 lacs in FY25)
- Net Decrease in Cash: -₹105.4 lacs
Operational and Strategic Updates
Business Transformation: The company is transitioning from single-extrusion focus to a comprehensive one-stop solution provider for diverse building and infrastructure needs.
Product Portfolio Expansion:
- Added new product categories including WPC wall & ceiling panels, WPC doors, and aluminium window & facade solutions
- WPC Doors successfully commissioned with trials underway; commercial launch planned by Q2 FY27
- Currently holds 15 design patents registered with Indian Patent Office
Manufacturing Expansion:
- Added Aluminium Windows & Facade divisions at Bangalore and Jaipur locations
- Bangalore facility fully operational; Jaipur facility currently under implementation
- Total manufacturing footprint: 5.4 lakh square feet across 6 facilities in Jaipur, Bangalore, and Coimbatore
Distribution Network: Over 800 channel partners with pan-India presence across PVC Profiles (490 dealers in North/West/East, 260 in South) and Modular Furniture (199 dealers pan-India)
Growth Drivers Cited:
- Increasing contribution from high-margin and differentiated products
- Focus on upgrading product mix and margin enhancement initiatives
- Improved manufacturing efficiencies and cost optimization
- Enhanced customer responsiveness
Future Outlook and Capex
- Plans ₹30-40 crore capex in FY27 to strengthen manufacturing capabilities and support future growth
- Focus on backward integration across uPVC windows, doors, aluminum facades and glazing
- Targeting upper and high-end residential segments with premium offerings
- Extending addressable market to commercial projects
- Scaling modular furniture capacity to capture economies of scale
Management Commentary
From MD's Desk (Mr. Digvijay Dhabriya): FY26 was a landmark year characterized by strong operational execution and exceptional profitability growth. The company maintained disciplined financial management through proactive retirement of creditor liabilities and generated positive operating cash flows. Entering FY27 with strong momentum.
Key Ratios and Metrics
- Return on Equity: Improved significantly with PAT growth of 67.2%
- Working Capital: Increased inventory and receivables reflecting business expansion
- Debt Levels: Borrowings increased to support growth and expansion initiatives