Dutron Polymers FY26 PAT ₹270.25 Lakhs
Dutron Polymers Limited reported a profit after tax of ₹270.25 lakhs for FY26, a marginal decrease from the previous year, on revenue from operations of ₹9,190.82 lakhs. The Board recommended a final dividend of ₹1.50 per share, subject to shareholder approval, while the company continues to face ongoing litigation before the National Company Law Tribunal.
*this image is generated using AI for illustrative purposes only.
Dutron Polymers Limited submitted its audited standalone financial results for the quarter and financial year ended 31st March 2026. The Board of Directors approved the results and recommended a final dividend of ₹1.50 per equity share for FY26, subject to shareholder approval. 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. 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 |
| 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
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors recommended a final dividend of ₹1.50 per equity share of face value ₹10 each for the financial year ended 31st March 2026, aggregating to ₹90 Lakh. The recommended dividend is subject to the approval of shareholders at the ensuing 45th 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.
It may be noted that a petition has been filed before the National Company Law Tribunal, Ahmedabad Bench, under Sections 241 and 242 of the Companies Act, 2013, alleging oppression and mismanagement. The company has denied the allegations and the matter is pending adjudication; 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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.05% | -7.57% | +3.56% | -10.67% | -22.80% | -27.39% |
How might the outcome of the NCLT oppression and mismanagement petition impact Dutron Polymers' corporate governance structure and promoter dynamics going forward?
Given the significant inventory buildup of ₹1,837 lakhs against ₹1,141 lakhs in FY25 and negative operating cash flow, what strategies could management employ to improve working capital efficiency in FY27?
With revenue declining approximately 11.6% year-over-year, what market or sector-specific headwinds in the polymer industry could continue to pressure Dutron Polymers' top-line growth in FY27?
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