Mayank Cattle Food FY26 Net Profit Rises 21% to Rs 60.18 Mn
Mayank Cattle Food Limited reported audited financial results for FY26, showing a 21.01% increase in net profit to Rs 60.18 Mn and a 3.15% rise in revenue to Rs 4031.67 Mn. Annualized EPS grew 20.96% to Rs 11.14, supported by improved operational efficiency and reduced finance costs.

*this image is generated using AI for illustrative purposes only.
Mayank Cattle Food Limited held its Board of Directors meeting on May 11, 2026, to approve the audited standalone financial results for the half year and full financial year ended March 31, 2026. The statutory auditors, J C Ranpura & Co., issued an unmodified opinion on the financial results. The company has published these results in newspapers, including The Indian Express and Financial Express, on May 12, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance: FY26 Full Year
The company posted a strong improvement in profitability for the full financial year, with Profit After Tax growing 21.01% and annualized EPS rising 20.96%. The following table presents the key financial highlights from the Statement of Profit and Loss:
| Metric: | FY26 (Audited) | FY25 (Audited) | Change (%) |
|---|---|---|---|
| Revenue from Operations (Rs. Mn): | 4031.67 | 3908.58 | +3.15% |
| Profit Before Tax (Rs. Mn): | 82.77 | 71.11 | +16.40% |
| Profit After Tax (Rs. Mn): | 60.18 | 49.73 | +21.01% |
| Basic EPS (Rs.): | 11.14 | 9.21 | +20.96% |
| Diluted EPS (Rs.): | 11.14 | 9.21 | +20.96% |
Revenue from operations rose to Rs 4031.67 Millions in FY26 from Rs 3908.58 Millions in FY25, while Profit Before Tax increased by 16.40% to Rs 82.77 Millions. Profit After Tax demonstrated tremendous growth of 21.01%, reaching Rs 60.18 Millions compared to Rs 49.73 Millions in the prior year. Cost of material consumed stood at ₹37,113.03 lakhs, while finance costs declined to ₹326.46 lakhs from ₹364.99 lakhs, indicating improved debt management.
Half-Year Performance Comparison
The second half of FY26 demonstrated stronger performance compared to both the first half of FY26 and the corresponding period of FY25. Key metrics are presented below:
| Metric (Rs. Millions): | H2 FY26 | H2 FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | 2177.81 | 2116.26 | +2.91% |
| Profit Before Tax: | 47.77 | 43.39 | +10.09% |
| Profit After Tax: | 34.94 | 29.52 | +18.36% |
| EPS (Rs.): | 6.47 | 5.47 | +18.28% |
Balance Sheet Highlights
The company's total assets expanded to ₹8,478.88 lakhs as at March 31, 2026, compared to ₹7,242.95 lakhs in the prior year. Reserves and surplus improved to ₹3,268.08 lakhs from ₹2,666.26 lakhs, reflecting the accretion of profits during the year. Long-term borrowings declined to ₹405.63 lakhs from ₹530.99 lakhs, while short-term borrowings increased to ₹3,579.14 lakhs from ₹3,098.37 lakhs.
IPO Fund Utilisation and Deviation
The company disclosed a deviation in utilisation of funds raised through its Initial Public Offer. Unutilised issue proceeds of ₹74.17 lakhs, originally earmarked for capital expenditure, were reallocated towards working capital requirements. Total funds utilised stood at ₹1,943.83 lakhs, with an unutilised balance of ₹0.17 lakh retained in the Escrow IPO account.
Historical Stock Returns for Mayank Cattle Food
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.71% | +7.80% | +17.81% | -1.57% | -13.11% | +69.86% |
Given the sharp decline in operating cash flow from ₹1,126.30 lakhs to ₹32.53 lakhs despite strong PAT growth, how sustainable is Mayank Cattle Food's working capital management strategy as the company scales further?
With short-term borrowings rising to ₹3,579.14 lakhs against a cash balance of just ₹9.47 lakhs, what refinancing or liquidity risks could the company face if maize commodity prices experience significant volatility in FY27?
Following the reallocation of IPO capex funds toward working capital, will the company need to raise additional capital to fund future plant and machinery expansion to support its claimed market leadership trajectory?


































