Financial Performance Highlights

Revenue & Profitability:

  • Revenue from Operations: ₹42,047.57 lakhs for FY26 (vs ₹40,628.79 lakhs in FY25)
  • Total Income: ₹42,509.34 lakhs for FY26
  • Net Profit before tax: ₹1,149.33 lakhs for FY26 (vs ₹1,617.43 lakhs in FY25)
  • Net Profit after tax: ₹831.40 lakhs for FY26 (vs ₹1,227.66 lakhs in FY25)
  • Total Comprehensive Income: ₹885.77 lakhs for FY26 (vs ₹1,164.22 lakhs in FY25)

Quarterly Performance (Q4 FY26):

  • Revenue from Operations: ₹10,191.07 lakhs
  • Net Profit before tax: ₹191.07 lakhs
  • Net Profit after tax: ₹142.32 lakhs

Earnings Per Share:

  • Basic and Diluted EPS: ₹8.52 for FY26 (vs ₹11.19 in FY25)
  • Q4 FY26 EPS: ₹1.85

Key Financial Metrics

Expense Breakdown (FY26):

  • Cost of materials consumed: ₹31,383.01 lakhs
  • Employee benefits expense: ₹4,338.16 lakhs
  • Finance Costs: ₹982.47 lakhs
  • Depreciation and amortization: ₹1,035.70 lakhs
  • Other expenses: ₹3,527.83 lakhs

Tax Expense (FY26):

  • Current Tax: ₹202.28 lakhs
  • Adjustment of Tax for earlier year: ₹(3.25) lakhs
  • Deferred Tax: ₹118.90 lakhs
  • Total Tax: ₹317.93 lakhs

Capital Structure

  • Paid-up Equity Share Capital: ₹1,039.97 lakhs (Face value ₹10 per share)
  • Reserves excluding Revaluation Reserve: ₹21,292.04 lakhs

Dividend Declaration

  • The Board recommended a Final Dividend of ₹0.75 (7.5%) per equity share of face value ₹10 each for FY26
  • Subject to approval of shareholders in the Annual General Meeting

Segment-wise Performance

The company operates in two segments:

Primary Segment - Business Segment:

1. Manufacturing: Revenue ₹33,516.28 lakhs, Profit before interest & tax ₹1,806.77 lakhs

2. Trading: Revenue ₹8,531.29 lakhs, Profit before interest & tax ₹(136.74) lakhs

Secondary Segment - Geographical Segment:

1. Domestic: Revenue ₹33,516.28 lakhs

2. Export: Revenue ₹8,531.29 lakhs

Significant Accounting Matters

Investment Valuation:

  • Investment in Shree Uttam Steel and Power Limited recorded at fair value through OCI (FVTOCI)
  • Independent valuer assessed fair value at ₹683 per share (increased from ₹638 per share previously)

Labour Code Implementation:

  • Government of India notified Labour Codes on November 21, 2025
  • Company recognized incremental gratuity liability of ₹3.79 lakhs for Q4 FY26 and ₹5.46 lakhs for FY26
  • Charged under "Employee benefits expense" as past service cost

Balance Sheet Position (as at 31st March, 2026)

Assets: ₹35,383.13 lakhs

  • Property, Plant and Equipment: ₹15,451.82 lakhs
  • Inventories: ₹6,928.76 lakhs
  • Trade receivables: ₹10,460.59 lakhs
  • Cash and cash equivalents: ₹102.55 lakhs

Liabilities: ₹35,383.13 lakhs

  • Equity: ₹22,332.01 lakhs
  • Borrowings: ₹7,115.72 lakhs (Non-current ₹3,406.68 lakhs + Current ₹3,709.04 lakhs)
  • Deferred Tax Liabilities: ₹326.47 lakhs

Cash Flow Statement (FY26)

  • Net cash flow from operating activities: ₹3,722.23 lakhs
  • Net cash used in investing activities: ₹(2,030.33) lakhs
  • Net cash from financing activities: ₹(628.64) lakhs
  • Cash and cash equivalents at year end: ₹102.55 lakhs