Outcome of Group Investor Meet.
Intimation for Group of Investors visiting the Company.
Annual Secretarial Compliance Report for the financial year ended on 31st March 2026.
Intimation of order dated 30th April 2026, issued by Commissioner of Central Tax (Appeals), CGST and Central Excise, Vadodara.
Transcript of Conference Call held on 05th May, 2026.
Newspaper publication of Audited financial results for the quarter and year ended on 31st March, 2026
Audio Recording of Conference Call_05.05.2026
Investor Presentation for quarter and year ended on 31st March, 2026
Board recommended final dividend for FY 2025-2026
Audited Financial Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 67.22 | 106.27 | 117.96 | 105.43 | 106.99 | 130.56 | 153.74 | 231.86 | 158.75 | 171.28 | 170.26 | 151.65 |
| YOY Revenue Growth % | 17.41% | 77.93% | 72.77% | 10.99% | 59.17% | 22.85% | 30.33% | 119.93% | 48.38% | 31.19% | 10.75% | -34.6% |
| Other Income | 2.57 | 3.63 | 3.16 | 3.47 | 3.39 | 3.78 | 4.71 | 4.59 | 4.23 | 9.07 | 6.08 | 6.67 |
| Total Income | 69.79 | 109.90 | 121.12 | 108.90 | 110.38 | 134.34 | 158.45 | 236.45 | 162.98 | 180.35 | 176.34 | 158.32 |
| Total Expenses + | 48.01 | 77.30 | 86.28 | 74.79 | 78.27 | 90.53 | 111.68 | 161.77 | 107.42 | 118.78 | 118.97 | 120.84 |
| Cost of Materials Consumed | 44.56 | 71.25 | 75.17 | 72.71 | 66.69 | 79.68 | 104.89 | 150.30 | 91.34 | 102.45 | 103.32 | 106.54 |
| Employee Benefit Expense | 3.06 | 3.48 | 3.57 | 4.03 | 3.89 | 4.51 | 5.19 | 6.86 | 5.76 | 6.13 | 6.39 | 5.97 |
| Other Expenses | 3.64 | 4.51 | 5.56 | 4.86 | 5.72 | 5.32 | 7.35 | 10.16 | 7.48 | 7.52 | 9.36 | 8.39 |
| Operating Profit | 19.20 | 28.97 | 31.69 | 30.64 | 28.72 | 40.03 | 42.05 | 70.10 | 51.33 | 52.50 | 51.29 | 30.81 |
| OPM % | 28.6% | 27.3% | 26.9% | 29.1% | 26.8% | 30.7% | 27.4% | 30.2% | 32.3% | 30.7% | 30.1% | 20.3% |
| Profit Before Tax + | 21.77 | 32.60 | 34.84 | 34.11 | 32.11 | 43.81 | 46.77 | 74.68 | 55.56 | 61.57 | 57.36 | 37.48 |
| Tax Expense | 5.39 | 8.20 | 8.75 | 9.09 | 8.13 | 11.08 | 12.00 | 19.32 | 14.07 | 15.63 | 15.03 | 9.08 |
| Tax % | 24.8% | 25.2% | 25.1% | 26.6% | 25.3% | 25.3% | 25.7% | 25.9% | 25.3% | 25.4% | 26.2% | 24.2% |
| Profit After Tax | 16.38 | 24.40 | 26.09 | 25.02 | 23.98 | 32.73 | 34.77 | 55.36 | 41.49 | 45.94 | 42.34 | 28.39 |
| EPS (Basic) | 42.96 | 31.99 | 34.21 | 32.80 | 31.44 | 42.92 | 45.59 | 72.59 | 36.27 | 40.15 | 37.01 | 24.82 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 651.94 | 623.15 | 396.88 | 280.24 | 180.18 | 117.81 |
| YOY Revenue Growth % | 4.62% | 57.01% | 41.62% | 55.53% | 52.94% | - |
| Other Income | 26.05 | 16.47 | 12.83 | 8.08 | 3.35 | 2.39 |
| Total Income | 677.99 | 639.62 | 409.71 | 288.32 | 183.54 | 120.21 |
| Total Expenses + | 466.02 | 442.25 | 286.39 | 230.16 | 164.42 | 112.98 |
| Cost of Materials Consumed | 403.65 | 401.56 | 257.34 | 190.31 | 145.70 | 96.07 |
| Employee Benefit Expense | 24.26 | 20.44 | 14.13 | 11.62 | 7.70 | 6.67 |
| Other Expenses | 32.75 | 28.55 | 18.56 | 15.72 | 12.45 | 10.34 |
| Operating Profit | 185.92 | 180.90 | 110.49 | 50.08 | 15.76 | 4.84 |
| OPM % | 28.5% | 29% | 27.8% | 17.9% | 8.7% | 4.1% |
| Profit Before Exceptional | 211.97 | 197.37 | 123.32 | 58.16 | 19.12 | 7.23 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | 211.97 | 197.37 | 123.32 | 58.16 | 19.12 | 7.23 |
| Tax Expense | 53.81 | 50.52 | 31.44 | 15.04 | 5.08 | 1.71 |
| Tax % | 25.4% | 25.6% | 25.5% | 25.9% | 26.6% | 23.6% |
| Profit After Tax | 158.16 | 146.85 | 91.89 | 43.12 | 14.04 | 5.52 |
| EPS (Basic) | 138.25 | 192.55 | 120.48 | 113.08 | 36.82 | 14.48 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Non-Current Assets + | 87.89 | 68.15 | 48.53 | 42.06 | 39.62 | 39.51 |
| Property, Plant & Equipment | 68.18 | 58.11 | 39.95 | 38.18 | 35.14 | 36.49 |
| Capital Work in Progress | 6.41 | 0.00 | 4.53 | 0.06 | 0.05 | 0.34 |
| Non-Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 |
| Other Intangible Assets | 0.14 | 0.13 | 0.08 | 0.08 | 0.10 | 0.00 |
| Current Assets + | 502.62 | 421.77 | 243.96 | 135.71 | 106.36 | 67.64 |
| Inventories | 92.18 | 93.07 | 59.56 | 23.12 | 31.53 | 27.21 |
| Trade Receivables | 153.60 | 228.69 | 93.62 | 92.11 | 69.00 | 30.88 |
| Cash and Cash Equivalents | 21.48 | 29.82 | 33.46 | 8.60 | 0.06 | 1.31 |
| Current Investments | 201.97 | 53.88 | 20.43 | 6.93 | 0.00 | 1.26 |
| LIABILITIES & EQUITY | ||||||
| Total Equity | 490.85 | 346.83 | 209.59 | 121.44 | 79.77 | 66.34 |
| Equity Share Capital | 11.44 | 7.63 | 7.63 | 3.81 | 3.81 | 3.81 |
| Other Equity | 479.41 | 339.20 | 201.96 | 117.63 | 75.96 | 62.52 |
| Non-Current Liabilities | 4.91 | 3.98 | 3.33 | 3.23 | 5.75 | 8.22 |
| Current Liabilities | 94.76 | 139.11 | 79.57 | 53.09 | 60.46 | 32.60 |
| Total Liabilities | 99.67 | 143.09 | 82.90 | 56.32 | 66.21 | 40.82 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
| Cash from Operating Activities | 192.02 | 39.56 | 76.48 | 39.22 | -6.45 | 10.37 |
| Cash from Investing Activities | -169.39 | -47.77 | -22.63 | -12.10 | -0.87 | -1.26 |
| Cash from Financing Activities | -30.96 | 4.57 | -28.99 | -18.59 | 6.06 | -9.64 |
| Net Increase/Decrease in Cash | -8.33 | -3.64 | 24.86 | 8.54 | -1.25 | -0.52 |