Shree Hari Chemicals FY26 Revenue Rises, Net Profit Declines

5 min read     Updated on 15 May 2026, 08:02 PM
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Shree Hari Chemicals Export Limited reported its audited financial results for FY26, showing a rise in standalone revenue to Rs. 18,450.48 lakhs from Rs. 14,119.58 lakhs in the previous year. However, standalone net profit declined to Rs. 422.22 lakhs from Rs. 512.40 lakhs. On a consolidated basis, total income reached Rs. 18,763.84 lakhs with a net profit of Rs. 411.81 lakhs. The company confirmed no deviations in preferential issue utilization and reported outstanding qualified borrowings of Rs. 28.38 crores.

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Shree Hari Chemicals Export Limited's Board of Directors approved the audited standalone and consolidated financial statements for the year ended March 31, 2026. The results were reviewed by the Audit Committee and received an unmodified opinion from auditors Kailash Chand Jain & Co.

Standalone Financial Performance

On a standalone basis, the company recorded revenue from operations of Rs. 18,450.48 lakhs for FY26, compared to Rs. 14,119.58 lakhs in FY25. Total income stood at Rs. 18,756.27 lakhs. Net profit for the year declined to Rs. 422.22 lakhs from Rs. 512.40 lakhs in the previous year. Total comprehensive income for FY26 was Rs. 421.01 lakhs.

Particulars FY26 (Audited) FY25 (Audited)
Revenue from Operations 18,450.48 14,119.58
Total Income 18,756.27 14,206.70
Total Expenses 18,226.69 13,511.20
Net Profit 422.22 512.40
Basic EPS (Rs.) 8.23 11.47

Consolidated Financial Performance

On a consolidated basis, total income for FY26 was Rs. 18,763.84 lakhs (FY25: Rs. 14,206.70 lakhs). Consolidated net profit was Rs. 411.81 lakhs versus Rs. 509.75 lakhs in FY25. Total comprehensive income attributable to owners was Rs. 410.61 lakhs.

Particulars FY26 (Audited) FY25 (Audited)
Revenue from Operations 18,450.48 14,119.58
Total Income 18,763.84 14,206.70
Net Profit 411.81 509.75
Basic EPS (Rs.) 8.03 11.41

Balance Sheet and Cash Flow

The standalone balance sheet as of March 31, 2026, reflects total assets of Rs. 10,242.83 lakhs, up from Rs. 8,662.52 lakhs. Equity share capital stood at Rs. 553.79 lakhs. The standalone cash flow statement shows cash generated from operating activities of Rs. 1,105.64 lakhs, compared to an outflow of Rs. (147.26) lakhs in the prior year. The closing cash balance was Rs. 55.37 lakhs.

Regulatory Disclosures

Pursuant to Regulation 32(1), the company confirmed no deviations in the utilization of proceeds from its Preferential Issue, which raised Rs. 14,74,59,820. Regarding the SEBI Circular on Large Corporates, outstanding qualified borrowings at the end of FY26 were Rs. 28.38 crores, with no incremental borrowing or debt securities issued during the year.

Historical Stock Returns for Shree Hari Chemicals Export

1 Day5 Days1 Month6 Months1 Year5 Years
+7.22%-6.95%+15.10%-18.74%-25.57%+79.98%

Given the significant increase in revenue but declining net profit margins in FY26, what cost optimization strategies is Shree Hari Chemicals Export likely to implement to restore profitability in FY27?

With capital work-in-progress nearly doubling to Rs. 764.88 lakhs and investments surging from Rs. 104.66 to Rs. 1,221.99 lakhs, what capacity expansion or diversification projects are underway and how might they impact future revenue growth?

How could rising current borrowings (up to Rs. 2,563.39 lakhs) combined with minimal cash reserves of Rs. 55.37 lakhs affect the company's ability to service debt and fund working capital requirements in FY27?

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Shubhalakshmi Polyesters Files SEBI Takeover Disclosure After Acquiring Stake

2 min read     Updated on 06 Apr 2026, 06:00 PM
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Shubhalakshmi Polyesters Limited has filed a comprehensive SEBI takeover disclosure following the acquisition of 7,74,946 equity shares in Shree Hari Chemicals Export Limited through conversion of compulsorily convertible debentures. The acquisition increased Shubhalakshmi Polyesters' shareholding from 13.93% to 24.50%, while expanding the target company's total equity capital from Rs. 5,53,79,340 to Rs. 6,31,28,800.

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Shree Hari Chemicals Export Limited has completed the allotment of 7,74,946 equity shares to Shubhalakshmi Polyesters Limited following the conversion of compulsorily convertible debentures. The Committee of Directors approved this allotment during their meeting held on April 03, 2026, triggering regulatory disclosure requirements under SEBI takeover regulations.

SEBI Takeover Disclosure Filed

Shubhalakshmi Polyesters Limited has filed a comprehensive disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following the acquisition. The disclosure was signed by Vikas Agarwal, Promoter and Whole Time Director & CFO of Shubhalakshmi Polyesters Limited, on April 04, 2026.

Parameter: Before Acquisition After Acquisition
Shubhalakshmi Polyesters Holding: 7,71,634 shares (13.93%) 15,46,580 shares (24.50%)
Non-Acquirer Promoters: 25,09,762 shares (45.32%) 25,09,762 shares (39.76%)
Total Promoter Group: 32,81,396 shares (59.25%) 40,56,342 shares (64.26%)
Total Equity Capital: Rs. 5,53,79,340 Rs. 6,31,28,800

Share Acquisition Details

The acquisition involved 7,74,946 shares representing 12.28% of the total share capital through conversion of compulsorily convertible debentures originally allotted on November 15, 2024. The conversion was executed on April 03, 2026, with each debenture converting into one equity share on a one-to-one basis.

Parameter: Details
Shares Acquired: 7,74,946
Acquisition Percentage: 12.28%
Mode of Acquisition: Conversion of CCDs
Original CCD Allotment Date: November 15, 2024
Conversion Date: April 03, 2026
Target Company: Shree Hari Chemicals Export Limited

Capital Structure Impact

The conversion has expanded Shree Hari Chemicals Export Limited's equity base from 55,37,934 shares to 63,12,880 shares, representing a significant increase in the company's share capital. The total equity capital increased from Rs. 5,53,79,340 to Rs. 6,31,28,800, with each share having a face value of Rs. 10.

Parameter: Before Conversion After Conversion
Total Shares: 55,37,934 63,12,880
Equity Capital: Rs. 5,53,79,340 Rs. 6,31,28,800
Face Value per Share: Rs. 10 Rs. 10
Stock Exchange: BSE Limited BSE Limited

Regulatory Compliance

Shubhalakshmi Polyesters Limited, being a promoter entity, has increased its shareholding percentage from 13.93% to 24.50% through this conversion. The company's shares are listed on BSE Limited, where this disclosure has been formally communicated in compliance with SEBI regulations. The newly allotted equity shares will be subject to applicable lock-in provisions as mandated under securities regulations.

Historical Stock Returns for Shree Hari Chemicals Export

1 Day5 Days1 Month6 Months1 Year5 Years
+7.22%-6.95%+15.10%-18.74%-25.57%+79.98%

Will Shubhalakshmi Polyesters pursue further acquisitions to reach the 25% threshold that would trigger an open offer requirement?

How might the increased promoter holding from 59.25% to 64.26% affect minority shareholder rights and corporate governance decisions?

What strategic synergies between Shubhalakshmi Polyesters and Shree Hari Chemicals Export could emerge from this strengthened relationship?

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