Dutron Polymers Reports FY26 PAT of ₹270.25 Lakhs; Recommends ₹1.50 Dividend

4 min read     Updated on 14 May 2026, 05:40 PM
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Dutron Polymers posted FY26 profit after tax of ₹270.25 lakhs on revenue from operations of ₹9,190.82 lakhs, with total comprehensive income of ₹270.25 lakhs. The Board recommended a final dividend of ₹1.50 per equity share, subject to shareholder approval at the 46th AGM. The company faces ongoing NCLT litigation filed on 8th July 2024 by promoters alleging oppression and mismanagement, with mediation proceedings underway.

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Dutron Polymers Limited submitted its audited standalone financial results for the quarter and financial year ended 31st March 2026, subsequently publishing a newspaper advertisement of the same in the English and Gujarati editions of Western Times on 14th May 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved the results at their meeting held on 12th May 2026 and recommended a final dividend of ₹1.50 per equity share for FY26, subject to shareholder approval at the ensuing 46th Annual General Meeting. The statutory auditors issued an audit report with an unmodified opinion, while noting ongoing litigation before the National Company Law Tribunal, Ahmedabad.

Full Year Financial Performance

For the financial year ended 31st March 2026, the company recorded revenue from operations of ₹9,190.82 lakhs, compared to ₹10,403.01 lakhs in the previous year. Total income for FY26 stood at ₹9,250.62 lakhs against ₹10,461.72 lakhs in FY25. The company reported a profit after tax of ₹270.25 lakhs for FY26, marginally lower than ₹272.36 lakhs in FY25. Total comprehensive income for FY26 stood at ₹270.25 lakhs, compared to ₹258.05 lakhs in FY25. The following table presents the key financial metrics for the full year:

Metric: FY26 (Audited) FY25 (Audited)
Revenue from Operations: ₹9,190.82 lakhs ₹10,403.01 lakhs
Other Income: ₹59.80 lakhs ₹58.71 lakhs
Total Income: ₹9,250.62 lakhs ₹10,461.72 lakhs
Total Expenses: ₹8,899.73 lakhs ₹10,107.39 lakhs
Profit Before Tax: ₹350.89 lakhs ₹354.33 lakhs
Total Tax: ₹(80.64) lakhs ₹(81.97) lakhs
Profit After Tax: ₹270.25 lakhs ₹272.36 lakhs
Total Comprehensive Income: ₹270.25 lakhs ₹258.05 lakhs
Reserves (excl. revaluation): ₹2,495.33 lakhs ₹2,023.90 lakhs
Basic EPS (₹): 4.50 4.54
Diluted EPS (₹): 4.50 4.54

Quarterly Financial Performance

For the quarter ended 31st March 2026, the company reported revenue from operations of ₹2,302.48 lakhs, compared to ₹2,363.90 lakhs in the corresponding quarter of the previous year and ₹2,250.23 lakhs in the quarter ended 31st December 2025. Profit after tax for Q4 FY26 stood at ₹49.28 lakhs, compared to ₹36.23 lakhs in Q4 FY25 and ₹100.08 lakhs in Q3 FY26. The table below provides a comparative view of quarterly performance:

Metric: Q4 FY26 (Audited) Q3 FY26 (Unaudited) Q4 FY25 (Audited)
Revenue from Operations: ₹2,302.48 lakhs ₹2,250.23 lakhs ₹2,363.90 lakhs
Total Income: ₹2,319.21 lakhs ₹2,264.15 lakhs ₹2,389.30 lakhs
Total Expenses: ₹2,248.33 lakhs ₹2,149.07 lakhs ₹2,349.81 lakhs
Profit Before Tax: ₹70.88 lakhs ₹115.08 lakhs ₹39.49 lakhs
Profit After Tax: ₹49.28 lakhs ₹100.08 lakhs ₹36.23 lakhs
Basic EPS (₹): 0.82 1.67 0.60
Diluted EPS (₹): 0.82 1.67 0.60

Balance Sheet Highlights

As at 31st March 2026, Dutron Polymers reported total assets of ₹4,171.49 lakhs, compared to ₹4,068.85 lakhs as at 31st March 2025. Total equity stood at ₹3,095.33 lakhs as against ₹2,915.08 lakhs in the previous year, reflecting the accretion of retained earnings. Non-current liabilities declined to ₹452.49 lakhs from ₹633.44 lakhs, primarily due to a reduction in non-current borrowings from ₹471.44 lakhs to ₹302.44 lakhs. Current assets increased to ₹3,307.45 lakhs from ₹3,167.92 lakhs, driven largely by higher inventories of ₹1,837.02 lakhs compared to ₹1,141.98 lakhs in the previous year.

Cash Flow Summary

The cash flow statement for the year ended 31st March 2026 reflects a net cash outflow from operating activities of ₹99.86 lakhs, compared to a net inflow of ₹533.82 lakhs in the previous year. Net cash outflow from investing activities was ₹16.84 lakhs, against ₹66.05 lakhs in FY25. Cash outflow from financing activities stood at ₹246.04 lakhs, which included dividend paid of ₹90.00 lakhs and interest expenses of ₹48.63 lakhs. Cash and cash equivalents at the close of the year stood at ₹(40.04) lakhs, compared to an opening balance of ₹322.70 lakhs.

Dividend and Other Disclosures

The Board of Directors recommended a final dividend of 15% of the equity share capital, amounting to ₹1.50 per equity share of face value ₹10 each for the financial year ended 31st March 2026, aggregating to ₹90 lakhs — consistent with the previous year's dividend. The recommended dividend is subject to the approval of shareholders at the ensuing 46th Annual General Meeting. The paid-up equity share capital of the company remained unchanged at ₹600.00 lakhs. The company operates in a single business segment.

Legal Proceedings

A petition has been filed before the National Company Law Tribunal (NCLT), Ahmedabad Bench, against the company and certain promoters. Pursuant to interim directions passed by the NCLT, the proceedings of the 43rd Annual General Meeting of the company are presently kept in abeyance, and accordingly, the payment of the final dividend for the year 2023-24 is also kept in abeyance until further orders. On 8th July 2024, a separate petition was filed before the NCLT under Sections 241 and 242 of the Companies Act, 2013, by Mr. Sudip Patel (Director and Promoter), Mrs. Rachana Patel (Promoter), and Mr. Nilay Patel (Promoter), alleging oppression and mismanagement in the affairs of the company. Dutron Polymers has denied all allegations, including those relating to fraud and mismanagement, and is taking appropriate legal steps to defend its position. The Hon'ble Tribunal has directed the parties to undergo mediation and has appointed a Mediator for facilitating resolution of the dispute.

Historical Stock Returns for Dutron Polymers

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-6.61%-5.00%-0.18%-32.39%-27.64%

How might the ongoing NCLT oppression and mismanagement case under Sections 241 and 242 impact Dutron Polymers' corporate governance structure and promoter relationships if mediation fails to resolve the dispute?

Given the significant revenue decline of approximately 11.7% in FY26 and a sharp inventory build-up to ₹1,837 lakhs, what demand or pricing pressures in the polymer industry could further strain the company's working capital position in FY27?

With operating cash flow turning negative at ₹99.86 lakhs and cash equivalents falling to a negative balance, how sustainable is Dutron Polymers' current dividend payout policy without deteriorating its financial health?

Dutron Polymers Schedules Board Meeting on May 12, 2026 to Consider Q4FY26 Financial Results and Dividend

1 min read     Updated on 05 May 2026, 06:45 PM
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Dutron Polymers Limited has scheduled a Board of Directors meeting on May 12, 2026, to approve audited standalone financial results for the quarter and financial year ended March 31, 2026, and to consider dividend recommendation on equity shares. The filing was made pursuant to Regulation 29 and 33 of SEBI (LODR) Regulations, 2015, and was submitted to BSE Limited on May 5, 2026. The trading window for the company's equity shares, closed since April 1, 2026, will reopen 48 hours after the results are made public on May 14, 2026. The intimation was signed by Managing Director Rasesh Patel (DIN: 00226388).

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Dutron Polymers Limited has notified BSE Limited of an upcoming Board of Directors meeting scheduled for Tuesday, May 12, 2026. The intimation was filed pursuant to Regulation 29 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Managing Director Rasesh Patel on May 5, 2026.

Board Meeting Agenda

The board meeting has been convened to transact the following key businesses:

  • Approval of Audited Standalone Financial Results for the quarter and financial year ended on March 31, 2026
  • Recommendation of dividend, if any, on equity shares of the company for the financial year ended on March 31, 2026
  • Any other businesses with the permission of the chair

The following table summarizes the key details of the scheduled board meeting:

Parameter: Details
Meeting Date: Tuesday, May 12, 2026
Results Period: Quarter and financial year ended March 31, 2026
Results Type: Audited Standalone Financial Results
Dividend Consideration: For financial year ended March 31, 2026
Regulatory Reference: Regulation 29 and 33 of SEBI (LODR) Regulations, 2015

Trading Window Closure

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, read with the Code of Conduct framed by the company, the trading window for dealing in the company's equity shares was closed from April 1, 2026. The trading window is set to reopen 48 hours after the results of the meeting are made public on May 14, 2026. Market participants and designated persons are advised to take note of this restriction during the closure period.

About the Filing

The intimation was submitted to the Department of Corporate Services, BSE Limited, P.J. Towers, Dalal Street, Mumbai, and was digitally signed by Rasesh Patel, Managing Director (DIN: 00226388) on May 5, 2026. Dutron Polymers Limited is an ISO 9001:2015 certified company headquartered at Dutron House, Navrangpura, Ahmedabad.

Historical Stock Returns for Dutron Polymers

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%-6.61%-5.00%-0.18%-32.39%-27.64%

How does Dutron Polymers' expected FY2026 financial performance compare to its peers in the polymers and plastics sector, and what growth trajectory can investors anticipate?

Given the trading window closure since April 1, 2026, what insider activity patterns have historically preceded Dutron Polymers' dividend announcements, and could this signal a higher-than-usual payout?

How might fluctuations in crude oil and petrochemical raw material prices in early 2026 have impacted Dutron Polymers' Q4 and full-year margins?

More News on Dutron Polymers

1 Year Returns:-32.39%