Key Financial Figures
Income Statement Highlights (₹ in Lakhs)
- Revenue from Operations: ₹71,107.40 (FY25: ₹55,698.07) - 27.7% increase
- Other Income: ₹234.29 (FY25: ₹295.70)
- Total Income: ₹71,341.69 (FY25: ₹55,993.77)
- Cost of Materials Consumed: ₹45,346.96 (FY25: ₹30,759.94) - 47.4% increase
- Employee Benefit Expenses: ₹2,763.48 (FY25: ₹2,291.45)
- Finance Cost: ₹429.81 (FY25: ₹259.76)
- Depreciation/Amortization: ₹1,747.06 (FY25: ₹1,046.27)
- Power and Fuel: ₹5,003.68 (FY25: ₹3,833.27)
- Other Expenses: ₹7,660.55 (FY25: ₹6,164.53)
- Profit Before Tax: ₹9,263.82 (FY25: ₹11,876.07) - 22.0% decrease
- Tax Expense: ₹2,102.06 (FY25: ₹2,927.31)
- Current Tax: ₹2,339.63
- Deferred Tax: ₹(237.57)
- Profit for the Year: ₹7,014.29 (FY25: ₹8,814.71) - 20.4% decrease
- Earnings Per Share (Face Value ₹5):
- Basic: ₹35.16 (FY25: ₹44.18)
- Diluted: ₹35.16 (FY25: ₹44.18)
Balance Sheet Highlights (₹ in Lakhs)
- Total Assets: ₹52,773.57 (FY25: Not fully comparable due to reorganization)
- Current Assets: ₹25,857.88
- Inventories: ₹9,284.22
- Trade Receivables: ₹11,046.44
- Cash & Cash Equivalents: ₹2,107.39
- Equity Share Capital: ₹997.50 (1,99,50,000 shares of ₹5 each)
- Other Equity: ₹36,319.07
- Total Equity: ₹37,316.57
- Non-Current Liabilities: ₹9,281.49
- Current Liabilities: ₹14,584.97
- Borrowings: ₹9,281.49
- Trade Payables: ₹2,511.66
Cash Flow Highlights (₹ in Lakhs)
- Net Cash from Operating Activities: ₹(8,244.87)
- Net Cash used in Investing Activities: ₹(23,044.96)
- Net Cash from Financing Activities: ₹5,281.49
- Net Increase/(Decrease) in Cash: ₹(2,107.39)
Key Operational Metrics
- Inventory Turnover Ratio: 4.86 (FY25: 4.10)
- Trade Receivables Turnover Ratio: 6.78 (FY25: 6.95)
- Trade Payables Turnover Ratio: 15.55 (FY25: 9.02)
- Net Profit Ratio: 0.10 (FY25: 0.16)
- Return on Capital Employed: 0.20 (FY25: 0.34)
Capital Structure Changes
During the year, the Company sub-divided its existing equity shares from face value of ₹10 to ₹5 per share, effective March 9, 2026. The number of shares increased from 99,75,000 to 1,99,50,000, while the total share capital remained unchanged at ₹997.50 Lakhs.
Dividend Declaration
The Board of Directors has recommended a final dividend of ₹4.50 per share totaling ₹897.75 Lakhs for FY 2025-26, subject to approval of shareholders at the ensuing Annual General Meeting.
Borrowings and Security
- Working Capital Borrowings: ₹9,281.49 Lakhs
- Security: Secured by pari-passu first charge by way of hypothecation over stocks, receivables and other current assets, and further secured by equitable mortgage of leasehold rights of land belonging to SIPCOT at Cuddalore
- Unsecured Working Capital Demand Loan: ₹4,000 Lakhs from HDFC Bank at 7.50% p.a.
- Short-term Foreign Currency Borrowings: ₹5,281.49 Lakhs for financing imported raw materials
Capital Commitments
Estimated amount of contracts remaining to be executed on capital account: ₹25,765.65 Lakhs (Net of advances)
Related Party Transactions
Significant transactions with related parties:
- Sale to Anupam Rasayan Ltd: ₹1,323.24 Lakhs
- Contribution to TANFAC Employees Gratuity Trust Fund: ₹27.49 Lakhs
- Transactions with Cuddalore SIPCOT Industries Common Utilities Ltd: ₹35.95 Lakhs
Contingent Liabilities
- Service tax & VAT: ₹12.30 Lakhs
- Goods and Service Tax (CGST): ₹131.44 Lakhs
- Unredeemed Letters of Credit/Bank Guarantees: ₹5,183.19 Lakhs
- SIPCOT land cost dispute: Amount unquantified (initial payment of ₹12 Lakhs made)
- Tamil Nadu Sales Tax dispute: ₹52.77 Lakhs (paid under protest)
Pending Litigations
The Company has disclosed pending litigations in Note 29.4, including:
- Tamil Nadu GST Act, 1959: ₹52.77 Lakhs (1989-90 & 1990-91)
- Finance Act, 1994 (Service Tax): ₹12.30 Lakhs (2001-02 to 2004-05)
- Goods and Service Tax Act, 2017: ₹131.44 Lakhs (2021-22)
CSR Expenditure
The Company spent ₹176.21 Lakhs on CSR activities against the requirement of ₹172.58 Lakhs, focusing on environment sustainability, animal welfare, healthcare, and education.