Key Quantitative Figures

Standalone Financial Results (FY26):

  • Revenue from operations: ₹152.86 crore
  • Total income: ₹156.95 crore
  • Total expenses: ₹144.01 crore
  • Profit before tax: ₹12.94 crore
  • Tax expense: ₹1.61 crore
  • Net profit: ₹11.39 crore
  • Basic and diluted EPS: ₹23.58
  • Equity share capital: ₹4.83 crore (48.28 lakh shares)

Quarterly Standalone Results (Q4 FY26):

  • Revenue from operations: ₹41.27 crore
  • Total income: ₹41.69 crore
  • Total expenses: ₹37.82 crore
  • Profit before tax: ₹3.87 crore
  • Tax expense: ₹0.94 crore
  • Net profit: ₹4.81 crore

Dividend Declaration:

  • Interim dividend: 40% (₹4 per equity share)
  • Record date: 12 June 2026
  • Payment date: On or before 24 June 2026

Consolidated Financial Results (FY26):

  • Revenue from operations: ₹157.33 crore
  • Total income: ₹160.55 crore
  • Total expenses: ₹149.12 crore
  • Profit before tax: ₹11.43 crore
  • Tax expense: ₹1.61 crore
  • Net profit: ₹9.87 crore
  • Basic and diluted EPS: ₹20.44

Balance Sheet Highlights (Standalone as of 31 March 2026):

  • Total assets: ₹254.85 crore
  • Non-current assets: ₹143.88 crore (including property, plant & equipment ₹86.86 crore)
  • Current assets: ₹110.97 crore (including inventories ₹31.44 crore, trade receivables ₹47.80 crore)
  • Equity: ₹97.88 crore
  • Non-current liabilities: ₹65.02 crore (including long-term borrowings ₹59.62 crore)
  • Current liabilities: ₹91.95 crore (including short-term borrowings ₹47.75 crore)

Cash Flow Statement (Standalone FY26):

  • Cash from operating activities: ₹24.18 crore
  • Cash used in investing activities: ₹15.60 crore
  • Cash used in financing activities: ₹7.97 crore
  • Net increase in cash: ₹0.60 crore

Dates of Action

  • Board meeting date: 27 May 2026 (14:30 to 18:20 IST)
  • Financial year end: 31 March 2026
  • Dividend record date: 12 June 2026
  • Dividend payment date: On or before 24 June 2026

Parties Involved

  • Statutory Auditors: M/s G. Ramesh Kumar & Co., Chartered Accountants
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
  • Subsidiaries: DVS Industries Private Limited, Suvarchas Vidyut Private Limited, Abhinava Rizel Private Limited
  • Regulatory bodies: SEBI, NCLT

Other Material Disclosures

1. The statutory auditors issued unmodified opinion on both standalone and consolidated financial statements.

2. The company is engaged in only one segment (forging).

3. Figures have been regrouped wherever necessary.

4. Proposed merger with wholly-owned subsidiary DVS Industries Private Limited is awaiting orders from NCLT.

5. Outstanding qualified borrowings as of 31 March 2026: ₹24.98 crore (24.98% of total borrowings).

6. Incremental qualified borrowings for FY26: ₹0.26 crore.

7. The company confirms it does not fall under the LC category as defined in SEBI circular.

Capital Structure Impact

The dividend declaration will result in cash outflow of approximately ₹1.93 crore (based on 48.28 lakh shares outstanding).