Key Financial Results

Quarterly Performance (Q4 FY26 vs Q4 FY25):

  • Revenue from Operations: ₹96.45 crore (Q4 FY26) vs ₹100.95 crore (Q4 FY25)
  • Total Income: ₹97.51 crore (Q4 FY26) vs ₹102.30 crore (Q4 FY25)
  • Profit Before Tax: ₹1.91 crore (Q4 FY26) vs ₹4.65 crore (Q4 FY25)
  • Profit After Tax: ₹1.42 crore (Q4 FY26) vs ₹3.44 crore (Q4 FY25)
  • EPS: ₹1.85 (Q4 FY26) vs ₹3.05 (Q4 FY25)

Annual Performance (FY26 vs FY25):

  • Revenue from Operations: ₹406.29 crore (FY26) vs ₹395.11 crore (FY25)
  • Total Income: ₹411.28 crore (FY26) vs ₹401.63 crore (FY25)
  • Profit Before Tax: ₹11.49 crore (FY26) vs ₹16.17 crore (FY25)
  • Profit After Tax: ₹12.28 crore (FY26) vs ₹12.28 crore (FY25) [Note: FY25 PAT shown as ₹12.28 crore in extract but ₹12.28 crore in detailed table]
  • EPS: ₹11.19 (FY26) vs ₹11.19 (FY25)
  • Total Comprehensive Income: ₹11.64 crore (FY26) vs ₹11.64 crore (FY25)

Dividend Recommendation

Board recommended final dividend of ₹0.75 per equity share (7.5% on face value of ₹10) for financial year 2025-26, subject to shareholder approval at Annual General Meeting.

Audit Details

  • Statutory Auditors: Messrs Mukesh Raj & Co. Chartered Accountants (Firm Registration Number: 016693N)
  • Audit Opinion: Unmodified opinion issued
  • Emphasis of Matter: Pending balance confirmations from certain trade receivables, trade payables, advances to vendors, and advances from customers. Management believes no material adjustments required.

Segment Performance (FY26)

Primary Segment (Business):

  • Manufacturing: Revenue ₹335.16 crore, Profit before Interest & Tax ₹18.07 crore
  • Trading: Revenue ₹85.31 crore, Profit before Interest & Tax ₹13.61 crore

Secondary Segment (Geographical):

  • Domestic: Revenue ₹335.16 crore
  • Export: Revenue ₹85.31 crore

Balance Sheet Highlights (as at March 31, 2026)

  • Property, Plant and Equipment: ₹154.52 crore
  • Inventories: ₹69.29 crore
  • Trade Receivables: ₹104.61 crore
  • Total Assets: ₹353.83 crore
  • Equity Share Capital: ₹10.40 crore
  • Reserves: ₹212.92 crore
  • Borrowings: ₹71.16 crore (Non-current ₹34.07 crore + Current ₹37.09 crore)

Significant Accounting Matters

1. Investment in Shree Uttam Steel and Power Limited valued at ₹683 per share by independent valuer (increased from ₹638 per share previously recorded)

2. Labour Code Implementation: Government of India notified Labour Codes on November 21, 2025. Company recognized incremental gratuity liability of:

  • ₹13.79 lakh for quarter ended March 31, 2026
  • ₹15.46 lakh for year ended March 31, 2026

Charged under "Employee benefits expense"

Cash Flow Statement (FY26)

  • Net cash from operating activities: ₹34.15 crore
  • Net cash used in investing activities: ₹(20.30) crore
  • Net cash from financing activities: ₹(16.05) crore
  • Cash and cash equivalents at year end: ₹1.03 crore

Board Meeting Details

Meeting held on May 28, 2026 from 12:30 PM to 2:30 PM, where results were approved.