Financial Performance

Super Iron Foundry Limited reported strong consolidated financial results for FY 2025-26 with revenue from operations of ₹25,594.84 lakhs, representing significant growth from ₹15,869.68 lakhs in FY25. Operational profit before depreciation, finance cost, other income and exceptional items reached ₹3,404.82 lakhs (67.7% growth), while operational PAT stood at ₹1,666.36 lakhs compared to ₹375.21 lakhs in the previous year. On a standalone basis, the company achieved revenue of ₹5,228 lakhs (46% YoY growth) with net profit of ₹314 lakhs.

Subsidiary Performance and Investments

The company's overseas subsidiaries were major growth drivers, with SIF International FZE (UAE) contributing ₹7,329.15 lakhs turnover and ₹1,157.34 lakhs PAT, while SIF Saudi Arabia Company Limited added ₹217.94 lakhs turnover and ₹2.35 lakhs PAT. Combined, subsidiaries provided approximately ₹7,055 lakhs incremental revenue and ₹1,160 lakhs incremental PBT. The company invested ₹47.71 lakh in these subsidiaries during FY26, with additional transactions including sales, advances, and loans totaling significant amounts.

Operational and Corporate Details

The company operates with 72,000 MT annual manufacturing capacity across 30+ countries, producing municipal castings, ductile iron pipe fittings, automotive castings, agricultural castings, railway castings, and other specialized products. The 38th AGM was scheduled for September 30, 2026, through video conferencing to adopt financial statements and reappoint directors. The board comprises 5 directors with 3 independent members, and 11 board meetings were held with 100% attendance.

Capital Structure and Ratios

The company maintained an authorized share capital of ₹24 crore and issued capital of ₹23.39 crore, with all shares in dematerialized form. Key financial ratios showed improvement: debt service coverage ratio at 4.82 times (vs 0.87 times), inventory turnover at 2.69 times, and trade receivables turnover at 3.09 times. The consolidated debt-equity ratio stood at 0.64x while standalone was 0.68x.

Foreign Exchange and Export Performance

The company demonstrated strong export performance with ₹5,057.79 lakhs in export earnings across multiple currencies (USD, CAD, GBP, EURO, THB, OMR, AED, SAR). Import expenditure was ₹116.89 lakhs. Foreign visit expenses were incurred across various currencies supporting international expansion efforts.

Corporate Governance and Compliance

The company maintained robust corporate governance with proper committee structures (Audit, Nomination and Remuneration, Stakeholders' Relationship). Auditors included M/s Baid Agarwal Singhi & Co. (statutory), M/s Prateek Kohli & Associates (secretarial), and M/s Sohan Lal Jalan & Associates (cost). The company exceeded CSR requirements, spending ₹14 lakh against the mandatory ₹12.27 lakh.

Future Outlook and Expansion Plans

The company is evaluating distribution facilities in UAE, Qatar, UK, USA, and Australia, planning a second manufacturing facility in Saudi Arabia, and pursuing RDSO approvals for railway casting products. Focus areas include improving asset utilization and working capital efficiency while continuing international expansion.

Credit and Contingencies

The company carries an IVR BBB- credit rating from Infomerics, indicating adequate safety regarding financial obligations. Contingent liabilities include indirect tax disputes (₹311.83 lakhs), income tax demands (₹628.45 lakhs), and commercial disputes (₹158.06 lakhs). No dividend was recommended for FY26 to strengthen liquidity position.