Financial Performance Highlights (FY 2025-26)

  • Revenue from Operations: ₹4,924.8 crore (31.8% growth from ₹3,736.8 crore in FY25)
  • Profit Before Tax: ₹871.2 crore (33.0% increase from FY25)
  • Profit After Tax: ₹650.5 crore (32.5% growth from ₹491.0 crore in FY25)
  • EBITDA: ₹98.88 crore (46.62% growth)
  • Earnings Per Share: ₹11.64 (Basic and Diluted)
  • Total Comprehensive Income: ₹652.6 crore

Dividend Declaration and AGM Details

  • Final dividend of ₹2.00 per equity share recommended, subject to shareholder approval
  • AGM Date: August 11, 2026 at 12:30 PM via video conferencing
  • Record Date: August 31, 2026 for dividend eligibility
  • E-voting Period: August 6-10, 2026 through KFin Technologies Limited
  • Key resolutions include adoption of financial statements, dividend declaration, and reappointment of Mr. Apoorv Agarwal as Executive Director

Auditor's Report and Financial Controls

Auditor Firm: Rajesh Kukreja & Associates issued unmodified opinion confirming financial statements give true and fair view in conformity with Indian Accounting Standards

Key Audit Matters:

  • Revenue recognition tested through dispatch/delivery controls and inventory reconciliations
  • Discounts and incentives assessment for liability recognition
  • Internal Financial Controls: Adequate system operating effectively as at March 31, 2026

Financial Position and Ratios (Standalone as at March 31, 2026)

Assets: ₹5,890.3 crore (PPE: ₹560.0 crore, Intangibles: ₹1,066.5 crore, Inventories: ₹1,106.1 crore, Receivables: ₹1,552.5 crore, Cash: ₹567.8 crore)

Equity and Liabilities: Total Equity ₹4,752.3 crore (Share Capital: ₹567.9 crore), Long-term Borrowings: ₹258.9 crore

Key Ratios:

  • Current Ratio: 5.21
  • Debt-Equity Ratio: 24%
  • Return on Equity: 16%
  • Inventory Turnover: 4.51
  • Net Profit Margin: 13%

Corporate Governance and Shareholding

  • Promoter Holding: 65.19% (370,22,020 shares)
  • Public Shareholding: 34.81% (197,70,780 shares)
  • Board comprises 8 Directors (4 Independent, 2 Executive, 2 Non-Executive)
  • CSR expenditure of ₹1,30,50,000 during FY26
  • Compliance with all applicable provisions of Companies Act and SEBI Regulations

Business Highlights and Strategic Initiatives

  • Successful integration of Wembley and Welcome acquisitions
  • Launch of Valentino premium PU coatings brand
  • Expansion to 4,000+ dealers and 900+ OEM clients nationwide
  • Sirca Parivaar Pro app with 25,000+ registered contractors
  • Manufacturing consolidation into state-of-the-art facility
  • Revenue growth significantly outperformed industry trends (3-6% industry growth vs 31.8% company growth)

Related Party Transactions and Employee Benefits

  • Total remuneration to KMPs: ₹312.7 crore
  • Defined Benefit Plan (Gratuity) obligation: ₹346.4 crore with net obligation of ₹138.5 crore
  • Transactions with related parties compliant with Companies Act provisions

Signatories and Compliance

Company Representatives: Sanjay Agarwal (CMD), Apoorv Agarwal (JMD), Shallu (CFO), Hira Kumar (CS)

Auditor: Rajesh Kukreja, Partner (Rajesh Kukreja & Associates)

Scrutinizer: M/s Pravesh Kumar & Associates for e-voting process

  • No material uncertainties, pending litigations, or loan defaults reported
  • Statutory dues regularly deposited with appropriate authorities