Meeting Details and Resolutions

  • 67th AGM Date: July 1, 2026 at 10:00 AM IST via Video Conferencing
  • Key Resolutions: Adoption of financial statements, declaration of final dividend of Rs 9.14 per share, re-appointment of director S Viji, ratification of cost auditor remuneration, adoption of new Articles of Association, and appointment of Harsha Viji as Non-Executive Director
  • Voting Process: Remote e-voting available through CDSL from June 28-30, 2026 with cut-off date of June 24, 2026

Financial Performance Highlights

Consolidated Performance (Rs. in Crores)

  • Revenue from Operations: Rs 5,464.94 (15.2% growth from Rs 4,744.40 in FY25)
  • Net Profit: Rs 158.05 (40.9% growth from Rs 112.19 in FY25)
  • Earnings Per Share: Rs 63.44 (vs Rs 45.39 in FY25)
  • Total Comprehensive Income: Rs 152.63 (vs Rs 112.56 in FY25)

Standalone Performance (Rs. in Crores)

  • Revenue: Rs 5,124.40 (15.8% growth)
  • Net Profit: Rs 138.56 (30.9% growth)
  • EBITDA: Rs 403.74 (20% growth)
  • Book Value Per Share: Rs 398.86

Dividend Information

  • Interim Dividend: Rs 5.3 per share (paid February 18, 2026)
  • Final Dividend Recommended: Rs 9.14 per share (subject to shareholder approval)
  • Total Dividend for FY26: Rs 14.44 per share
  • Record Date: June 24, 2026
  • Book Closure: June 25 to July 1, 2026

Key Financial Metrics and Ratios

| Ratio | FY2026 | FY2025 | % Change |

| Debt-equity ratio | 0.72x | 0.84x | -15% |

| Return on equity | 15.55% | 13.22% | 18% |

| Inventory turnover | 5.59x | 4.44x | 26% |

| Net profit margin | 2.70% | 2.39% | 13% |

| Return on capital employed | 17.96% | 15.88% | 13% |

| Current ratio | 0.90x | 0.97x | -7% |

Segment Performance and Investments

  • Automotive Components: Rs 4,526.43 crores (83% of revenue)
  • Industrial Components: Rs 938.52 crores (17% of revenue)
  • Geographical Split: India Rs 4,123.00 crores, International Rs 1,341.94 crores
  • Capital Expenditure: Rs 276.78 crores in fixed assets
  • Axles India Investment: Purchased 7,64,533 additional shares for Rs 22.68 crores, increasing holding to 12.51%
  • R&D Expenditure: Rs 26.44 crores (revenue) and Rs 12.07 crores (capital)

Employee Benefits and Provisions

  • Total Employee Benefit Expense: Rs 591.06 crores (consolidated)
  • Gratuity Obligation: Increased to Rs 60.40 crores from Rs 41.31 crores
  • Leave Salary Obligation: Increased to Rs 19.77 crores from Rs 16.99 crores
  • Warranty Provision: Doubled to Rs 15.56 crores from Rs 7.93 crores
  • Past Service Cost Provision: Rs 8.40 crores due to new labor code

Corporate Governance and Regulatory Compliance

  • Credit Ratings: ICRA A (Stable) for long-term instruments, India Ratings IND A+/Stable
  • CSR Spending: Rs 2.05 crores on education, rural development, healthcare, and culture
  • Shareholding Pattern: Promoters 58.31%, public 41.69%
  • Dematerialization: 99.52% shares in demat form
  • MSME Dues: Rs 98.13 crores principal amount with no interest overdue
  • Plant Locations: 14 manufacturing plants across India
  • Employee Strength: 2,735 permanent employees

Auditor Report and Signatories

Brahmayya & Co. issued unqualified opinions on both standalone and consolidated financial statements, confirming adequate internal financial controls. Signatories include Chairman & Managing Director Srivats Ram, Director M P Vijay Kumar, CFO P Ramesh, Company Secretary K V Lakshmi, and Auditor Partner P Babu.