Shankar Lal Rampal Dye-Chem FY26 Results: Net profit up 18% to ₹134.9 crore
Net profit rose 18.4% YoY to ₹134.9 crore in FY26. Revenue grew 15.7% to ₹4,648.1 crore on higher volumes. Final dividend of ₹0.05 per share recommended by Board. Backward integration into manufacturing planned at Suwana. Operating cash outflow narrowed to ₹70.5 crore from ₹125.9 crore.

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Shankar Lal Rampal Dye-Chem reported a net profit of ₹134.9 crore for FY26, an 18.4% increase from the previous year. Revenue rose 15.7% to ₹4,648.1 crore, supported by higher volumes in core trading operations.
The Board recommended a final dividend of ₹0.05 per equity share for the year ended March 31, 2026. The 21st Annual General Meeting is scheduled for September 19, 2026, via video conferencing.
Financial Performance
Revenue from operations grew to ₹4,648.1 crore in FY26, up from ₹4,017.8 crore in FY25. Profit before tax stood at ₹181.5 crore, compared to ₹154.3 crore previously. Net profit after tax reached ₹134.9 crore, reflecting improved operational leverage despite volatile raw material costs.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue | ₹4,648.1 crore | ₹4,017.8 crore | +15.7% |
| Profit Before Tax | ₹181.5 crore | ₹154.3 crore | +17.7% |
| Net Profit | ₹134.9 crore | ₹113.9 crore | +18.4% |
| EPS (Basic) | ₹2.11 | ₹1.78 | +18.5% |
What the Numbers Show
Operating expenses increased to ₹4,466.8 crore from ₹3,863.6 crore, primarily due to higher stock purchases and employee benefits. However, the net profit margin expanded slightly to 2.90% from 2.84%, indicating effective cost management relative to revenue growth. Other income remained negligible at ₹0.3 crore, confirming that the profit growth was driven by core trading activities rather than non-operating gains.
Strategic Outlook
The company announced plans for backward integration into manufacturing at Suwana, Bhilwara. This shift aims to reduce reliance on third-party suppliers and expand into home and cleaning care products. The move is designed to secure supply chains and capture higher margins in adjacent categories.
Balance Sheet and Dividend
Total assets grew to ₹1,565.6 crore, with current assets comprising ₹1,534.4 crore. Cash flow from operations was negative at ₹70.5 crore, down from an outflow of ₹125.9 crore in the prior year, suggesting improved working capital efficiency. The final dividend payout amounts to ₹32.0 lakh in total.
Historical Stock Returns for Shankar Lal Rampal Dye-Chem
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.32% | +0.59% | +7.35% | -21.95% | -47.07% | -63.09% |
How will the backward integration into manufacturing at Suwana impact the company's gross margins and capital expenditure requirements in the near term?
What specific challenges does the company anticipate in transitioning from a pure trading model to manufacturing home and cleaning care products?
Given the negative operating cash flow despite profit growth, what strategies is management employing to improve working capital efficiency and free cash flow?


































