Company Overview

Shilp Gravures Limited reported strong financial performance for FY 2025-26 with significant improvements across key metrics. The company announced its 33rd Annual General Meeting scheduled for September 23, 2026, to be held virtually via video conferencing.

Financial Performance

Consolidated Results: Revenue from operations increased 6.95% YoY to ₹9,787.45 lakhs from ₹9,151.55 lakhs. Net profit after tax showed remarkable growth, rising 88.48% to ₹699.66 lakhs from ₹371.29 lakhs in the previous year. Basic and diluted EPS stood at ₹11.38 compared to ₹6.04 in FY25.

Standalone Performance: Revenue reached ₹8,838.00 lakhs (6.98% growth) with profit after tax of ₹795.87 lakhs (89.13% increase). The company maintained a strong liquidity position with current ratio of 6.30 and zero debt.

Exceptional Item

The company recognized an exceptional item of ₹252.16 lakhs related to the statutory impact of new labour codes notified by the Government of India on November 21, 2025, which affected retirement benefit calculations.

Dividend Declaration

The Board recommended a final dividend of ₹2.10 per equity share (21% on face value of ₹10) for FY 2025-26, subject to shareholder approval at the AGM. The record date is set for September 16, 2026, with payment scheduled on or after September 27, 2026.

Ownership Changes

Significant changes occurred in the shareholding pattern with Aikyam Sampati Management LLP acquiring 37,35,839 shares representing 60.75% of total share capital. Previous promoters including Baldev Vitthaldas Patel, Atul Manilal Vinchhi, and others no longer appear as significant shareholders.

Subsidiary Performance

The company has one wholly-owned subsidiary, Etone India Private Limited, which reported revenue of ₹1,269.60 lakhs and loss after tax of ₹(96.21) lakhs for the year.

Corporate Governance & Compliance

The board comprised 5 directors with appropriate balance of executive, non-executive and independent directors. Secretarial audit noted minor delays in filing certain forms, which the company attributed to inadvertent procedural reasons and has strengthened compliance monitoring.

Key Ratios & Metrics

  • Return on Equity: 6.86% (FY25: 3.79%)
  • Net Profit Margin: 7.15% (FY25: 4.06%)
  • Return on Capital Employed: 8.53% (FY25: 4.89%)
  • Debt-Equity Ratio: 0.00 (maintained zero debt position)

AGM Agenda Items

The AGM will consider adoption of financial statements, declaration of final dividend, and reappointment of Mr. Kishor Doshi as Executive Director liable to retire by rotation.

Tax Implications

Dividend distribution will be subject to TDS provisions: 10% for resident shareholders with valid PAN, 20% without PAN, and applicable rates for non-residents as per Income Tax Act provisions.