Board Meeting Details

The Board of Directors meeting was held on Friday, 29th May 2026 from 3:00 p.m. to 5:15 p.m. where the audited financial results were approved.

Financial Results Summary

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Net Sales/Income from Operations: ₹1,198.07 lacs (vs ₹1,226.52 lacs in Q4 FY25) - decreased by 2.3%
  • Total Income from Operations: ₹1,210.55 lacs (vs ₹1,244.46 lacs in Q4 FY25) - decreased by 2.7%
  • Profit before Tax: ₹22.91 lacs (vs ₹19.46 lacs in Q4 FY25) - increased by 17.7%
  • Net Profit after Tax: ₹13.90 lacs (vs ₹23.00 lacs in Q4 FY25) - decreased by 39.6%
  • Basic EPS: ₹0.28 (vs ₹0.46 in Q4 FY25)
  • Diluted EPS: ₹0.28 (vs ₹0.46 in Q4 FY25)

Annual Performance (FY26 vs FY25)

  • Net Sales/Income from Operations: ₹4,718.06 lacs (vs ₹4,310.27 lacs in FY25) - increased by 9.5%
  • Total Income from Operations: ₹4,756.04 lacs (vs ₹4,350.40 lacs in FY25) - increased by 9.3%
  • Profit before Tax: ₹69.29 lacs (vs ₹38.97 lacs in FY25) - increased by 77.8%
  • Net Profit after Tax: ₹38.60 lacs (vs ₹37.76 lacs in FY25) - increased by 2.2%
  • Basic EPS: ₹0.77 (vs ₹0.75 in FY25)
  • Diluted EPS: ₹0.77 (vs ₹0.75 in FY25)

Detailed Financial Performance

Income Breakdown

Quarter Ended 31/03/2026:

  • Net sales/income from operations: ₹1,198.07 lacs
  • Other operating income: ₹12.48 lacs
  • Total income from operations: ₹1,210.55 lacs

Year Ended 31/03/2026:

  • Net sales/income from operations: ₹4,718.06 lacs
  • Other operating income: ₹37.98 lacs
  • Total income from operations: ₹4,756.04 lacs

Expense Breakdown

Major Expenses for Year Ended 31/03/2026:

  • Cost of materials consumed: ₹3,038.63 lacs
  • Manufacturing expenses: ₹727.60 lacs
  • Employee benefits expenses: ₹584.98 lacs
  • Finance costs: ₹102.34 lacs
  • Depreciation and amortization: ₹157.62 lacs
  • Other expenditure: ₹155.01 lacs

Tax Expense

Year Ended 31/03/2026:

  • Current Tax: ₹17.00 lacs
  • Deferred Tax: ₹13.63 lacs
  • Tax relating to prior years: ₹0.06 lacs
  • Total Tax Expenses: ₹30.69 lacs

Segment Information

The company operates in a single reportable segment - Rolling and Forging of Agriculture Implements and other products.

Geographical Revenue Breakdown for Year Ended 31/03/2026:

  • India: ₹3,970.69 lacs (84.2% of total revenue)
  • Other overseas locations: ₹747.37 lacs (15.8% of total revenue)
  • Total Revenue: ₹4,718.06 lacs

Balance Sheet Position as at 31-03-2026

  • Equity Share Capital: ₹501.36 lacs (Face Value of ₹10 each)
  • Other Equity: ₹327.71 lacs
  • Total Equity: ₹829.07 lacs
  • Non-current Liabilities: ₹309.68 lacs
  • Current Liabilities: ₹1,684.33 lacs
  • Total Liabilities: ₹1,994.01 lacs
  • Total Assets: ₹2,823.08 lacs

Key Asset Components:

  • Inventories: ₹1,084.68 lacs
  • Trade receivables: ₹1,356.97 lacs
  • Cash and cash equivalents: ₹289.65 lacs
  • Bank balances other than cash equivalents: ₹0.72 lacs

Cash Flow Statement for Year Ended 31st March, 2026

  • Cash from operating activities: ₹122.55 lacs
  • Cash used in investing activities: ₹(201.36) lacs
  • Cash from financing activities: ₹71.00 lacs
  • Net change in cash: ₹(7.83) lacs
  • Cash equivalents at beginning: ₹8.55 lacs
  • Cash equivalents at end: ₹0.72 lacs

Debt and Default Disclosure

  • Total financial indebtedness: ₹1,757.90 lacs
  • Total amount outstanding on loans: ₹1,608.40 lacs
  • No defaults on loans or debt securities reported

Related Party Transactions

For the period from 1/10/2025 to 31/3/2026:

  • Salary & Bonus: ₹5.55 lacs to Bharti Kothari, ₹4.35 lacs to Archana Mehta
  • Sales Commission: ₹0.04 lacs to Bharti Kothari, ₹1.16 lacs to Hemani National
  • Weighing Charges: ₹15.00 lacs to Archana Mehta

Audit and Compliance

  • Statutory Auditors: Ambavat Jain & Associates LLP, Chartered Accountants (Firm Registration No: 109681W)
  • Audit opinion: Unmodified opinion issued on the standalone financial results
  • The financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Compliance with SEBI Listing Regulations confirmed through declaration under Regulation 33(3)(d)

Additional Information

  • Paid-up equity share capital: ₹501.36 lacs
  • Net worth: ₹829.07 lacs
  • Company does not exceed prescribed limits for corporate governance compliance (paid-up capital ≤ ₹10 crores, net worth ≤ ₹25 crores)
  • Date of AGM and book closure date to be intimated separately