Shiv Texchem FY26 profit rises 62% to ₹778 crore
Shiv Texchem reported a 62% rise in net profit to ₹778 crore for FY26, with revenue increasing 26% to ₹2,77,606 crore. The statutory auditor issued an unmodified opinion but noted OFAC sanctions affecting U.S.-linked banking channels. The Board appointed Mrs. Shruti Vyas as an Additional Non-Executive Independent Director effective May 27, 2026, subject to shareholder approval.
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Shiv Texchem reported a 62% increase in net profit for the year ended March 31, 2026, rising to ₹778 crore from ₹481 crore in the previous year. Revenue from operations grew 26% to ₹2,77,606 crore, driven primarily by the purchase of stock-in-trade. The Board of Directors approved the audited standalone and consolidated financial results during a meeting held on May 27, 2026.
The company’s total income for the year stood at ₹2,78,208 crore, up from ₹2,20,480 crore in FY25. Total expenses increased to ₹2,67,524 crore, with finance costs rising to ₹3,497 crore from ₹2,344 crore in the prior year. Earnings per share (EPS) improved to ₹49.61 from ₹30.67 in the previous year.
Financial Performance
The profit before tax for the year ended March 31, 2026, was ₹10,684 crore, compared to ₹6,562 crore in the previous year. For the half-year ended March 31, 2026, the company reported a total comprehensive income of ₹3,486 crore. The statutory auditor, Yatin Kumar Shah, issued an unmodified opinion on the standalone financial statements.
| Metric | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Income from Operations | 2,77,606.86 | 2,20,161.53 |
| Total Income | 2,78,208.82 | 2,20,480.33 |
| Total Expenses | 2,67,524.34 | 2,13,918.20 |
| Profit Before Tax | 10,684.48 | 6,562.13 |
| Net Profit | 7,782.09 | 4,811.41 |
| Earnings Per Share (Basic) | 49.61 | 30.67 |
Auditor's Emphasis of Matter
The auditor’s report highlighted an emphasis of matter regarding sanctions imposed by the Office of Foreign Assets Control (OFAC), U.S. Department of the Treasury. Consequently, certain banking transactions and financial arrangements involving U.S.-linked channels were restricted or frozen. The company has appointed U.S.-based legal counsel to engage with OFAC for the removal of its name from the list.
Additionally, the auditor was unable to obtain direct balance confirmations from Citibank regarding fixed deposits and WCDL facilities. Interest income of ₹48,18,432 on fixed deposits and interest expense of ₹10,81,328 on WCDL facilities were recognized on a provisional basis.
Board Appointment
The Board appointed Mrs. Shruti Vyas as an Additional Non-Executive Independent Director, effective May 27, 2026. She is a Chartered Accountant with over two decades of experience across the Banking, Financial, Educational, and Professional services sectors. She commenced her career with industrial training at ABN AMRO Bank during 2002–03. She is presently serving as the Chief Executive Officer of Prime Vision Professional Education, the brand operated by Edmentors Vision Private Limited, and has been a Partner at Vyas & Associates since 2007. The appointment is subject to regularization by shareholders at the ensuing Annual General Meeting.
Historical Stock Returns for Shiv Texchem
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | +5.89% | +0.20% | -16.71% | -46.74% | -40.92% |
What is the expected timeline for the resolution of the OFAC sanctions, and how will this impact future liquidity?
How will the company manage the rising finance costs if interest rates remain elevated or sanctions persist?
What strategic shifts will Shiv Texchem implement to reduce reliance on U.S.-linked banking channels?
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