K I C Metaliks FY26 Results: Net profit rises to ₹105.11 lakhs
K I C Metaliks Limited reported a net profit of ₹105.11 lakhs in FY26, reversing a loss of ₹609.36 lakhs in FY25. Revenue rose 9.15% to ₹78,288.86 lakhs on a 23% increase in pig iron production. The company improved capacity utilisation to 90.22% and fully repaid term loans, reducing the debt-equity ratio to 0.59.
*this image is generated using AI for illustrative purposes only.
kic metaliks returned to profitability in FY26, reporting a net profit of ₹105.11 lakhs compared to a loss of ₹609.36 lakhs in the previous year. Revenue from operations grew by 9.15% to ₹78,288.86 lakhs, driven by higher production volumes and improved operational efficiency despite subdued market pricing. The turnaround was supported by a 23% increase in pig iron production to 2,12,020 MT and capacity utilisation rising to nearly 90.22% from 73.21%. This performance marks a significant shift for the Durgapur-based pig iron manufacturer, which had faced pressure from lower realisations and volatile input costs in FY25.
The financial results were submitted pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The 39th Annual General Meeting is scheduled for August 25, 2026, via Video Conference/Other Audio-Visual Means. Statutory auditors M/s. Agarwal Maheswari & Co., cost auditors M/s. Patangi & Co., and secretarial auditors M/s. B G Lahoti & Associates conducted their respective audits for the year. No dividend was declared for the year as profits were ploughed back into the business.
Operational discipline and cost management were key drivers of the recovery. EBITDA stood at ₹2,646.47 lakhs, up from ₹1,362.59 lakhs in FY25. The company reduced its debt-equity ratio to 0.59 from 0.71 and fully repaid its term loan obligations during the year. Inventory holding days decreased from 102 to 88, reflecting leaner inventory management. Cash and cash equivalents doubled to ₹1,007.38 lakhs from ₹507.71 lakhs, providing greater financial flexibility.
| Key Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue (₹ lakhs) | 78,288.86 | 71,723.22 | 9.15% |
| Net Profit (₹ lakhs) | 105.11 | -609.36 | Turnaround |
| Pig Iron Production (MT) | 2,12,020 | 1,72,037 | ~23% |
| Capacity Utilisation (%) | 90.22 | 73.21 | Improved |
What the Numbers Show
The return to profitability was achieved primarily through volume growth rather than price improvements, as average pig iron realisations remained under pressure. The significant jump in production volume allowed the company to spread fixed costs over larger output, improving unit economics. The complete exit from term loans signals a strategic focus on deleveraging, reducing interest burden and strengthening the balance sheet resilience against future commodity cycles.
Historical Stock Returns for KIC Metaliks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.16% | +6.99% | -12.63% | +1.81% | -9.62% | -44.79% |
How might Kic Metaliks' debt-free status influence its strategy for potential capacity expansion or M&A activities in the near future?
Given the continued pressure on pig iron realisations, what specific cost-control measures or operational efficiencies does management plan to sustain to protect margins?
Will the company consider declaring dividends in upcoming quarters now that it has strengthened its cash reserves and eliminated term loan obligations?
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