Key Financial Figures
Balance Sheet as at March 31, 2026:
- Share Capital: ₹12,358.69 thousand (Previous year: ₹9,109.09 thousand)
- Reserve & Surplus: ₹38,272.60 thousand (Previous year: ₹7,691.40 thousand)
- Total Equity and Liabilities: ₹711,695.54 thousand (Previous year: ₹441,869.19 thousand)
- Current Assets: Includes Current Investments of ₹417,029.67 thousand, Inventories of ₹174,130.06 thousand, and Trade Receivables of ₹49,598.84 thousand
Income Statement for Year Ended March 31, 2026:
- Revenue from Operations: ₹780,378.78 thousand (Previous year: ₹750,966.68 thousand)
- Total Income: ₹781,949.41 thousand (Previous year: ₹751,911.08 thousand)
- Profit Before Tax: ₹52,949.89 thousand (Previous year: ₹83,552.45 thousand)
- Net Profit: ₹39,344.81 thousand (Previous year: ₹61,681.85 thousand)
- Basic Earnings Per Share: ₹3.32 (Previous year: ₹3.70)
Half Year Ended March 31, 2026:
- Revenue from Operations: ₹354,857.60 thousand
- Net Profit: ₹1,184.20 thousand
- Basic Earnings Per Share: ₹0.11
IPO Details and Fund Utilization
The company completed its Initial Public Offer (IPO) of 32,49,600 equity shares of face value ₹10 each at a premium of ₹82 per share, aggregating to ₹29,89,63,200. The shares were allotted on July 2, 2025, and listed on BSE SME Platform.
Object-wise Utilization of IPO Proceeds (₹ in Thousand):
1. Working Capital Requirement: Disclosed ₹1,65,000.00, Utilized ₹1,65,000.00
2. Repayment of Borrowing (OD): Disclosed ₹30,000.00, Utilized ₹30,000.00
3. General Corporate Purposes: Disclosed ₹68,425.54, Utilized ₹68,425.54
4. Underwriting and Issue Expenses: Disclosed ₹35,537.66, Utilized ₹35,537.66
Total proceeds of ₹2,98,963.20 thousand have been fully utilized with no deviation from stated objects. A minor timing deviation was identified where ₹3.00 lakhs remained in escrow account as of September 30, 2025, which was subsequently utilized on December 18, 2025, for general corporate purposes.
Labor Code Implementation
The company assessed the impact of four Labour Codes notified by Government of India on November 21, 2025, and determined no incremental impact on gratuity provisions due to change in 'Wages' definition.
Cash Flow Statement
For the year ended March 31, 2026:
- Net cash used in operating activities: ₹(243,710.70) thousand
- Net cash used in investing activities: ₹(9,930.71) thousand
- Net cash from financing activities: ₹240,964.41 thousand
- Net decrease in cash and cash equivalents: ₹(624.84) thousand
- Cash and cash equivalents at end: ₹3,098.06 thousand