Shining Tools FY26 net profit rises 117% to ₹389.03 crore

Shining Tools Limited reported a 117% increase in net profit to ₹389.03 crore for the financial year ended March 31, 2026, compared to ₹179.54 crore in the previous year. Revenue from operations grew 24% to ₹1829.49 crore from ₹1472.88 crore in FY25. The board approved the audited standalone financial results at a meeting held on May 30, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

The company’s earnings per share (EPS) for the year improved to ₹8.23 from ₹4.40 in the prior year. For the half-year ended March 31, 2026, the company recorded a profit of ₹205.20 crore. The statutory auditor, V S S B & Associates, issued an unqualified opinion on the financial results, confirming they give a true and fair view of the company's financial performance.

Financial Performance Summary

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)	Change
Revenue from Operations	1829.49	1472.88	24%
Net Profit	389.03	179.54	117%
Total Income	1870.41	1476.90	27%
Total Expenses	1412.80	1174.52	20%
Basic EPS (₹)	8.23	4.40	87%

The board also reviewed the utilization of proceeds from its Initial Public Offering (IPO). The company had raised ₹1710 lakh through the IPO, and as of March 31, 2026, it had utilized ₹1692.17 lakh. The unutilized balance of ₹17.83 lakh remains invested in short-term fixed deposits or bank balances pending deployment for approved purposes. The primary use of funds included the purchase and installation of plant and machinery for carbide precision tools and funding working capital requirements.

IPO Proceeds Utilization

Purpose	Projected (₹ in Lakhs)	Utilized (₹ in Lakhs)	Balance (₹ in Lakhs)
Plant and Machinery	906.53	888.70	17.83
Working Capital	385.00	385.00	-
General Corporate Purposes	248.47	248.47	-
IPO Expenses	170.00	170.00	-
Total	1710.00	1692.17	17.83

The trading window for directors, designated persons, and their immediate relatives, which had been closed since April 1, 2026, will reopen 48 hours after the financial results are made public. The company’s shares are listed on the BSE SME platform.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.05%	-2.92%	+10.74%	+5.28%	-24.34%	-24.34%

Shining Tools Limited has announced the receipt of a material order from domestic entity Chandan Process, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on 12.05.2026. The order pertains to the supply of Brazed Carbide Anvils and carries a total commercial value of ₹2,00,60,000 (Rupees Two Crore Sixty Thousand only), inclusive of 18% GST.

Order Details

The contract requires Shining Tools Limited to supply 50 Qts of Brazed Carbide Anvils to Chandan Process, a domestic entity. The order is to be fulfilled within six months, with 100% payment to be made at the time of delivery. The company has confirmed that neither the promoter/promoter group nor group companies have any interest in the entity awarding the order, and the transaction does not fall within related party transactions.

The key details of the order are summarised below:

Parameter:	Details
Ordering Entity:	Chandan Process
Nature of Order:	Brazed Carbide Anvils
Order Quantity:	50 Qts
Commercial Value:	₹2,00,60,000 (inclusive of 18% GST)
Entity Type:	Domestic
Execution Timeline:	Within 6 Months
Payment Terms:	100% at the time of delivery
Related Party Transaction:	No
Promoter/Group Interest:	No

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in compliance with SEBI Master Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The announcement was signed by Vipulbhai Laljibhai Ghonia, Managing Director of Shining Tools Limited, on 12.05.2026. Shining Tools Limited is an ISO 9001:2015 certified company headquartered in Rajkot, Gujarat.