Shiva Texyarn FY26 profit falls 17.4%, recommends dividend
Shiva Texyarn Limited reported a 17.4% decline in consolidated net profit to ₹1,021.24 lakh for FY26, while revenue rose 5.5% to ₹34,052.40 lakh. The board recommended a final dividend of ₹0.60 per share and appointed senior management personnel.
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Shiva Texyarn Limited reported a 17.4% decline in consolidated net profit to ₹1,021.24 lakh for the financial year ended March 31, 2026, despite a 5.5% increase in revenue from operations to ₹34,052.40 lakh. The board recommended a final dividend of ₹0.60 per share, or 6%, subject to the approval of shareholders at the ensuing Annual General Meeting. The company's statutory auditors, M/s. V K S Aiyer & Co., issued an unmodified opinion on the audited financial results.
Financial Performance
The standalone net profit for the year stood at ₹972.45 lakh, a decrease from ₹1,178.34 lakh in the previous year. Total income for the standalone entity increased to ₹34,570.75 lakh from ₹32,496.09 lakh in FY25. On a consolidated basis, total income rose to ₹34,619.54 lakh from ₹32,524.02 lakh in the prior year. The company's primary business segment remains the manufacturing of textile and related products.
Key Financial Metrics
The following table outlines the financial performance for the year ended March 31, 2026:
| Particulars | Standalone FY26 (₹ in lakhs) | Standalone FY25 (₹ in lakhs) | Consolidated FY26 (₹ in lakhs) | Consolidated FY25 (₹ in lakhs) |
|---|---|---|---|---|
| Revenue from operations | 34,052.40 | 32,270.74 | 34,052.40 | 32,270.74 |
| Total income | 34,570.75 | 32,496.09 | 34,619.54 | 32,524.02 |
| Total expenses | 33,271.14 | 31,550.22 | 33,271.14 | 31,550.22 |
| Profit for the period | 972.45 | 1,178.34 | 1,021.24 | 1,206.27 |
| Earnings per share (Basic) | 7.50 | 9.09 | 7.88 | 9.31 |
Management Appointments
The board approved the elevation of Sri M Gopalakrishnan as Chief Operating Officer (Lamination Division) and the appointment of Sri G K Raman as President – Strategic Affairs, effective May 27, 2026. Both appointments fall under the category of Senior Management Personnel. Additionally, the board appointed Sri M Nagarajan as the Cost Auditor for the financial year 2026-27, subject to the ratification of remuneration by shareholders.
Corporate Governance
The board approved amendments to the Object Clause of the Memorandum of Association and the adoption of a new set of Articles of Association to align with the provisions of the Companies Act, 2013. These changes are subject to shareholder approval at the forthcoming Annual General Meeting. The consolidated financial results include the figures of associate company L.K. Distributors Private Limited, in which the company holds a 26% stake.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE705C01020/1a19e27d-564f-4252-a16e-6a44ddfeb19f.pdf
Historical Stock Returns for Shiva Texyarn
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.28% | -15.51% | -15.76% | -23.49% | -33.11% | -23.09% |
What specific cost factors drove the 17.4% decline in net profit despite the 5.5% revenue growth?
How will the new strategic appointments in the Lamination Division and Strategic Affairs influence the company's operational efficiency?
What strategies does management plan to implement to restore profit margins in the upcoming fiscal year?
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