Company Overview
Simmonds Marshall Limited reported strong financial performance for FY 2025-26, with both standalone and consolidated results showing significant growth. The company operates in the auto components and industrial manufacturing sector, primarily manufacturing industrial fasteners, bolts, and studs.
Financial Performance
Standalone Results: Revenue grew 15.5% to ₹224.10 Cr (₹22,409.68 lakhs) from ₹194.03 Cr in FY25. Net profit surged 78% to ₹14.35 Cr (₹1,435.32 lakhs) with EPS at ₹13.20 compared to ₹8.00 in previous year. Profit before tax stood at ₹16.38 Cr (₹1,638.17 lakhs).
Consolidated Results: Revenue from operations increased 14.7% to ₹238.07 Cr (₹23,806.69 lakhs). Net profit attributable to owners rose 65% to ₹14.79 Cr (₹1,478.86 lakhs). Total comprehensive income reached ₹14.36 Cr (₹1,435.55 lakhs), representing 77.8% growth. Basic and diluted EPS stood at ₹13.20.
Key Financial Metrics: Finance costs reduced to ₹8.43 Cr (₹843.23 lakhs) from ₹8.77 Cr. Depreciation and amortization expenses were ₹6.96 Cr (standalone) and ₹7.08 Cr (consolidated). Cash flow from operating activities was strong at ₹31.52 Cr (₹3,152.06 lakhs).
Dividend Declaration
The Board recommended a final dividend of ₹0.80 per equity share (40% on face value of ₹2) for FY26, subject to shareholder approval at the AGM. The dividend outflow would be ₹89.60 lakhs if approved. Record date is set for September 15, 2026, with payment on or after September 27, 2026.
Corporate Governance & AGM Details
The 66th Annual General Meeting will be held virtually on September 22, 2026. Agenda includes adoption of financial statements, re-appointment of Director Jamshid N. Pandole who retires by rotation, and ratification of Cost Auditor remuneration of ₹2,50,000 + taxes for FY27.
Operational Updates
The Group implemented the four Labour Codes notified by the Government of India on November 21, 2025, restructuring employee compensation accordingly. The company executed a sub-lease for land from related party J.N. Marshall & Co. (Engg Dept) resulting in a remeasurement gain of ₹10.15 lakhs recognized in P&L.
Subsidiary & Related Parties
The Group consists of the Parent Company and its subsidiary Stud India (a Partnership Firm) where it holds 99% stake. Significant related party transactions included remuneration to KMPs of ₹194.21 lakhs, interest expense on loans from related parties of ₹68.74 lakhs, and plating charges to Corrodyne Coatings Pvt. Ltd. of ₹234.09 lakhs.
Capital Structure & Shareholding
Paid-up share capital remained unchanged at ₹2.24 Cr (1,12,00,000 equity shares of ₹2 each). Promoter holding stood at 59.57% (66,71,900 shares), with Navroze S Marshall holding 42.15%. 98.18% of equity shares were held in dematerialized form as of March 31, 2026.
Borrowings & Credit Rating
Non-current borrowings were ₹15.12 Cr (₹1,512.48 lakhs) and current borrowings ₹12.80 Cr (₹1,279.65 lakhs). Lease liabilities totaled ₹39.24 Cr (₹3,924.47 lakhs). The company maintains CARE BBB (Stable) for long-term facilities and CARE A3+ for short-term facilities.
Contingencies & Compliance
The Group has disputed Income Tax matters amounting to ₹278.27 lakhs. CSR obligation of ₹4.91 lakhs was exceeded with actual spend of ₹5.00 lakhs through Marshall Charitable Foundation. The company complied with SEBI Listing Regulations requirements and maintained comprehensive risk management policies.