Financial Highlights

  • Revenue from operations: ₹30.40 crore for FY 2025-26, representing a 33.2% increase from ₹22.82 crore in FY 2024-25
  • Profit after tax: ₹5.22 crore for FY 2025-26 compared to ₹5.50 crore in FY 2024-25
  • The company maintained healthy profitability while significantly expanding business volumes and customer reach

Management Commentary

FY 2025-26 was described as a year of strategic growth and market expansion. The company achieved its highest-ever revenue, driven by continued demand across customer segments and successful addition of new business opportunities.

During the year, the company consciously pursued selected high-volume business opportunities and expanded its customer base to strengthen long-term market position. These initiatives resulted in some moderation in operating margins but contributed substantially to revenue growth and enhanced market penetration.

Profitability was also impacted by fluctuations in pigment and raw material prices during certain periods of the year. Despite these challenges, the company maintained a strong earnings profile and generated healthy profits.

Management Statement

Mr. Mehul Pravinchandra Joshi, Managing Director, commented: \"FY 2025-26 was a transformational year for Mehul Colours Limited. We successfully accelerated our growth trajectory, achieving over 33% revenue growth while strengthening relationships with existing customers and adding new accounts.\"

He further stated: \"Our focus during the year was not merely on short-term profitability but on building a stronger foundation for sustainable long-term growth. We selectively participated in larger-volume opportunities, expanded our market presence and continued investing in our organizational capabilities.\"

Capital Structure Update

The successful completion of the company's IPO has significantly strengthened its balance sheet and positions it well for the next phase of growth.

Outlook

The company remains optimistic about the growth prospects of the plastics and masterbatch industry. With a strengthened balance sheet, expanding customer base, established technical capabilities and growing market presence, Mehul Colours Limited is well positioned to capitalize on future opportunities.

Management expects the benefits of customer acquisition initiatives undertaken during FY 2025-26, together with improved operational efficiencies and a greater focus on value-added products, to support sustainable growth and long-term value creation for shareholders.

Business Overview

Mehul Colours Limited is engaged in the manufacturing of colour masterbatches, additive masterbatches and polymer compounds serving a diverse range of industries including packaging, automotive, construction, consumer products and engineering plastics.