Command Polymers Limited reported a 2% year-on-year rise in revenue from operations to ₹1,074.93 crore for the fiscal year ended March 31, 2026. Despite the topline growth, net profit after tax declined 8% to ₹51.54 lakh, driven by a sharp drop in other income. The company has scheduled its 28th Annual General Meeting (AGM) for September 25, 2026.

Financial Performance

Revenue from operations increased to ₹1,074.93 crore in FY26 from ₹1,054.27 crore in FY25. However, total income fell to ₹1,079.48 crore from ₹1,148.29 crore due to a significant contraction in other income, which dropped to ₹4.55 lakh from ₹94.03 lakh in the previous year.

Total expenses decreased to ₹1,051.98 crore from ₹1,109.75 crore. Cost of material consumed rose to ₹1,049.71 crore from ₹969.25 crore, while finance costs declined to ₹71.78 lakh from ₹85.02 lakh. Profit before tax stood at ₹27.50 lakh compared to ₹38.54 lakh in FY25. After accounting for deferred tax benefits, net profit after tax was ₹51.54 lakh, down from ₹55.96 lakh.

Balance Sheet and Cash Flow

The company’s total assets grew to ₹3,492.15 crore from ₹2,709.78 crore. Long-term borrowings surged to ₹952.32 crore from ₹323.91 crore, primarily due to new term and home loans secured against immovable property. Short-term borrowings declined to ₹464.74 crore from ₹760.19 crore. Inventories increased significantly to ₹1,207.79 crore from ₹819.59 crore, while trade receivables rose to ₹583.35 crore from ₹182.49 crore.

Cash flow from operating activities turned negative at -₹179.37 lakh, compared to a minor outflow of ₹16.94 lakh in FY25. This was largely driven by increases in inventories and trade receivables. Investing activities consumed ₹106.46 lakh, mainly due to purchases of investment property and loans advanced. Financing activities generated ₹261.18 lakh through proceeds from long-term borrowings.

AGM and Corporate Governance

The 28th AGM will be held on September 25, 2026, at 3:00 pm at the registered office in Bhangar, West Bengal. Key agenda items include the adoption of audited financial statements for FY26 and the reappointment of Executive Director Mrs. Guddi Gupta, who retires by rotation. Remote e-voting will be available from September 22 to September 24, 2026, via NSDL.

The company issued an intimation pursuant to Regulation 30 and 47 read with Schedule III of SEBI (Listing Obligations and Disclosure Regulations, 2015). The notice of the AGM was published in Financial Express and Sukhabar newspapers.

What the Numbers Show

The divergence between rising revenue and falling total income highlights the impact of non-operating factors. Other income collapsed by over 95%, removing a significant contribution to the bottom line that was present in FY25. Additionally, the sharp increase in trade receivables (up 220%) and inventories (up 47%) relative to modest revenue growth suggests potential working capital pressures or strategic stockpiling, warranting close monitoring in subsequent quarters.

Command Polymers reported a net profit of ₹51.54 lakh for the financial year ended March 31, 2026, with revenue from operations reaching ₹1,074.93 lakh. The company’s Board of Directors approved the audited financial results during a meeting held on May 30, 2026. The statutory auditors, SSRV & Associates, issued an unmodified opinion on the standalone annual financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the year ended March 31, 2026, the company recorded a total income of ₹1,079.48 lakh, compared to ₹1,148.30 lakh in the previous year. Total expenses for the period stood at ₹1,051.98 lakh, a decrease from ₹1,109.76 lakh in FY25. The profit before tax for FY26 was ₹27.50 lakh, down from ₹38.54 lakh in the prior year. The basic earnings per share (EPS) for the year was reported at ₹0.55, compared to ₹0.60 in FY25.

Financial Performance

The statement of audited financial results highlights the following key figures for the year ended March 31, 2026:

Assets and Liabilities

The audited statement of assets and liabilities as of March 31, 2026, shows total assets of ₹3,484.32 lakh, up from ₹2,709.78 lakh in the previous year. Shareholders' funds, comprising share capital and reserves, amounted to ₹1,615.37 lakh. Non-current liabilities increased significantly to ₹919.68 lakh, primarily due to long-term borrowings, while current liabilities stood at ₹946.96 lakh.

On the assets side, non-current assets were valued at ₹1,373.04 lakh, with property, plant, and equipment accounting for ₹1,144.40 lakh. Current assets totaled ₹2,111.28 lakh, driven largely by inventories at ₹1,207.79 lakh and trade receivables at ₹568.34 lakh. Cash and cash equivalents decreased to ₹7.15 lakh from ₹31.79 lakh in the prior year.

Cash Flow Analysis

The unaudited cash flow statement for the year ended March 31, 2026, indicates a net decrease in cash and cash equivalents of ₹24.50 lakh. Cash used in operating activities was ₹279.25 lakh, while investing activities used ₹6.43 lakh. Financing activities generated a net cash inflow of ₹261.18 lakh, largely due to proceeds from long-term borrowings amounting to ₹595.77 lakh.