Board Meeting Details
The Board of Directors meeting was held on 29th May 2026, commencing at 12:30 PM and concluding at 04:50 PM.
Key Matters Approved
1. Audited Financial Results: The Board approved the audited standalone financial results for the half year and financial year ended 31st March 2026, along with the Auditor's Report.
2. IPO Completion: The company completed its Initial Public Offer (IPO) and allotted 32,57,600 equity shares of face value ₹10 each at an issue price of ₹79 per share (including premium of ₹69 per share), aggregating to ₹2,574 lakh.
Financial Results Overview
Statement of Assets and Liabilities (as at 31st March 2026)
- Total Assets: ₹11,746.41 lakh (vs ₹6,241.05 lakh in FY25)
- Share Capital: ₹1,018.10 lakh (vs ₹692.34 lakh in FY25)
- Reserves & Surplus: ₹4,189.95 lakh (vs ₹1,734.81 lakh in FY25)
- Long Term Borrowings: ₹868.67 lakh (vs ₹1,053.55 lakh in FY25)
- Current Liabilities: ₹5,647.75 lakh (vs ₹2,742.21 lakh in FY25)
- Inventories: ₹2,600.75 lakh (vs ₹3,334.22 lakh in FY25)
- Trade Receivables: ₹4,700.02 lakh (vs ₹1,716.74 lakh in FY25)
- Cash and cash equivalents: ₹1,448.98 lakh (vs ₹125.74 lakh in FY25)
Statement of Financial Results (Year ended 31st March 2026)
- Total Income: ₹25,944.35 lakh
- Total Expenses: ₹25,051.34 lakh
- Profit before tax: ₹893.01 lakh
- Tax Expense: ₹287.16 lakh (Current Year: ₹213.02 lakh, Previous year: ₹52.24 lakh, Deferred Tax: ₹21.90 lakh)
- Net Profit: ₹605.85 lakh (vs ₹166.21 lakh in FY25)
- Earnings Per Share (Basic & Diluted): ₹7.08 (face value of ₹10 each)
Half Year Performance (ended 31st March 2026)
- Figures derived as balancing figure between audited FY26 and unaudited H1 FY26 results
- Net Profit: ₹439.65 lakh
- EPS: ₹4.68
Cash Flow Statement (Year ended 31st March 2026)
- Net Cash from Operating Activities: ₹736.38 lakh
- Net Cash used in Investing Activities: ₹(1,264.11) lakh
- Net Cash from Financing Activities: ₹1,850.97 lakh
- Net Increase in Cash: ₹1,323.24 lakh
- Closing Cash Balance: ₹1,448.98 lakh (includes Cash in Hand: ₹22.58 lakh, Bank Current Account: ₹1,425.29 lakh, Bank FD/Auto Sweep: ₹1.11 lakh)
Business Operations
The company is mainly engaged in manufacturing and trading structural steel products including M.S. Channels, Beams, Angles, Squares, Rounds, and Flats, with M.S. Channels being the primary product line.
Additional Information
The financial results are available on the company website at www.mpksteels.com.