Duncan Engineering recommended a final dividend of ₹3 per equity share of ₹10 each (30%) for the financial year ended March 31, 2026, subject to shareholder approval. The dividend, if approved, will be paid within 10 days of the approval at the ensuing Annual General Meeting. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 16, 2026.

The company reported a net profit of ₹486.01 lakh for the year ended March 31, 2026, compared to ₹521.07 lakh in the previous year. Revenue from operations for the year stood at ₹8,067.35 lakh, down from ₹8,471.35 lakh in the prior year. For the quarter ended March 31, 2026, net profit was ₹118.19 lakh, while revenue from operations was ₹2,481.96 lakh.

Total assets as of March 31, 2026, were ₹8,137.85 lakh, an increase from ₹7,554.11 lakh in the previous year. Total equity rose to ₹6,075.44 lakh from ₹5,684.82 lakh. The cash and cash equivalents balance decreased significantly to ₹5.75 lakh from ₹134.73 lakh in the prior year.

The Board approved the re-appointment of Mr. Akshat Goenka as Managing Director for a period of three years effective February 09, 2027, subject to member approval. Additionally, the firm Pipalia Singhal & Associates was re-appointed as Internal Auditor for the financial year 2026-27. The statutory auditors, S S Kothari Mehta & Co. LLP, issued an audit report with an unmodified opinion.

Financial Results for the Year Ended March 31, 2026

Duncan Engineering Limited has announced its audited financial results for the financial year ended March 31, 2026. The company reported a net profit of ₹486.01 lakh for the year, a decrease from ₹521.07 lakh recorded in the previous fiscal year. Revenue from operations for FY26 stood at ₹8,067.35 lakh, down from ₹8,471.35 lakh in FY25. Total income for the full year declined to ₹8,294.59 lakh from ₹8,730.63 lakh, while total expenses also moderated to ₹7,641.55 lakh from ₹8,055.87 lakh. The board of directors approved the audited financial results at its meeting held on May 16, 2026, with statutory auditors S S Kothari Mehta & Co. LLP issuing an audit report with an unmodified opinion.

Quarterly Performance

For the quarter ended March 31, 2026, Duncan Engineering posted a net profit of ₹118.19 lakh, compared to ₹125.16 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter increased to ₹2,481.96 lakh from ₹2,054.11 lakh in Q4 FY25, while total income for the quarter rose to ₹2,495.19 lakh from ₹2,132.96 lakh in the same period last year. Total expenses for the quarter stood at ₹2,321.26 lakh versus ₹1,994.63 lakh in Q4 FY25, and profit before tax came in at ₹173.93 lakh against ₹138.33 lakh in the year-ago quarter.

Key Financial Metrics

The following table presents the key financial metrics for FY26 compared to FY25:

The company's results are prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013. The business activity falls within a single primary segment of "General Engineering Products."

Assets and Liabilities

As of March 31, 2026, Duncan Engineering's total assets stood at ₹8,137.85 lakh, an increase from ₹7,554.11 lakh in the previous year. Total equity rose to ₹6,075.44 lakh from ₹5,684.82 lakh, comprising equity share capital of ₹369.60 lakh and other equity of ₹5,705.84 lakh. Cash and cash equivalents decreased significantly to ₹5.75 lakh from ₹134.73 lakh at the end of FY25, reflecting a net decrease in cash and cash equivalents of ₹128.98 lakh during the year. Trade receivables increased to ₹1,142.32 lakh from ₹562.52 lakh, while current investments stood at ₹2,825.07 lakh versus ₹2,689.54 lakh in the prior year.

Dividend and Board Appointments

The board has recommended a final dividend of ₹3.00 per equity share of ₹10 each (30%) for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting. If approved, the dividend will be paid within 10 days of the AGM. Additionally, the board approved the re-appointment of Mr. Akshat Goenka (DIN: 07131982) as Managing Director for a period of three years with effect from February 09, 2027, subject to member approval. Mr. Akshat Goenka is the son of Mr. Arvind Goenka, Non-Executive Director and Chairperson of the Company. His re-appointment term runs from February 09, 2027 to February 09, 2030. The company also re-appointed Pipalia Singhal & Associates as Internal Auditor for the financial year 2026-27, effective May 16, 2026, to hold office until such time as the Board of Directors may decide to revoke the same.

Subsidiary and Cash Flow

Duncan Engineering incorporated a wholly owned subsidiary, Del Arabia, in the Kingdom of Saudi Arabia on December 11, 2025. As at the reporting date, the subsidiary had not commenced operations and no capital had been infused; accordingly, the company has presented standalone financial statements for the quarter and year ended March 31, 2026. On the cash flow front, net cash used in operating activities was ₹62.23 lakh compared to net cash generated of ₹662.18 lakh in FY25, while net cash used in investing activities stood at ₹81.15 lakh versus ₹429.43 lakh in the prior year. Net cash generated from financing activities was ₹14.40 lakh against net cash used of ₹199.43 lakh in FY25.