Vinayak Polycon FY26 Net Profit Falls 77% to Rs 5.18 Lakhs; Files Newspaper Cuttings

5 min read     Updated on 16 May 2026, 12:31 PM
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Vinayak Polycon International reported a sharp 77% decline in FY26 net profit to Rs 5.18 lakhs from Rs 22.48 lakhs in FY25, as total income fell to Rs 1,993.14 lakhs. Q4 FY26 recorded a net loss of Rs 5.85 lakhs. The company subsequently filed newspaper cuttings of its audited financial results published in Financial Express and Jansatta with BSE Limited on May 16, 2026, fulfilling its obligations under SEBI Regulation 33.

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Vinayak Polycon International Limited's Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026. The meeting, held on May 15, 2026, commenced at 11:30 A.M. and concluded at 11:52 A.M. Statutory auditors M/s A. Natani & Co., Chartered Accountants, issued an unmodified opinion on the results. Subsequently, on May 16, 2026, the company submitted to BSE Limited the newspaper cuttings of the published extract of its audited financial results, as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were published in Financial Express (English) and Jansatta (Hindi), both dated May 31, 2026. The submission was signed by Shikha Natani, Company Secretary & Compliance Officer (Membership No.: 45901).

Annual Financial Performance: FY26 vs FY25

For the full financial year ended March 31, 2026, the company reported a decline across key income and profitability metrics compared to the previous year. Total income fell to Rs. 1,993.14 lakhs from Rs. 2,119.74 lakhs in FY25, while net profit declined sharply to Rs. 5.18 lakhs from Rs. 22.48 lakhs. The following table summarises the annual financial performance:

Metric: FY26 (Audited) FY25 (Audited)
Revenue from Operations: Rs. 1,989.98 lakhs Rs. 2,117.09 lakhs
Other Income: Rs. 3.16 lakhs Rs. 2.65 lakhs
Total Income: Rs. 1,993.14 lakhs Rs. 2,119.74 lakhs
Cost of Material Consumed: Rs. 1,193.61 lakhs Rs. 1,289.47 lakhs
Employee Benefits Expense: Rs. 243.44 lakhs Rs. 234.59 lakhs
Finance Costs: Rs. 22.69 lakhs Rs. 31.83 lakhs
Depreciation & Amortization: Rs. 57.69 lakhs Rs. 68.53 lakhs
Other Expenses: Rs. 467.39 lakhs Rs. 461.28 lakhs
Total Expenses: Rs. 1,979.45 lakhs Rs. 2,089.48 lakhs
Profit Before Tax: Rs. 13.69 lakhs Rs. 30.26 lakhs
Current Tax: Rs. 7.12 lakhs Rs. 14.41 lakhs
Deferred Tax: Rs. 1.39 lakhs Rs. -6.63 lakhs
Net Profit: Rs. 5.18 lakhs Rs. 22.48 lakhs
Basic EPS (Face Value Rs. 10/-): Rs. 0.17 Rs. 0.73
Diluted EPS (Face Value Rs. 10/-): Rs. 0.17 Rs. 0.73

Quarterly Performance: Q4 FY26

For the quarter ended March 31, 2026, the company reported a net loss of Rs. 5.85 lakhs, compared to a net profit of Rs. 9.24 lakhs in Q4 FY25 and a net profit of Rs. 1.35 lakhs in Q3 FY26 (quarter ended December 31, 2025). Total income for Q4 FY26 stood at Rs. 510.31 lakhs. The quarterly comparison is presented below:

Metric: Q4 FY26 (31.03.2026) Q3 FY26 (31.12.2025) Q4 FY25 (31.03.2025)
Revenue from Operations: Rs. 507.15 lakhs Rs. 468.48 lakhs Rs. 511.80 lakhs
Other Income: Rs. 3.16 lakhs — Rs. 2.46 lakhs
Total Income: Rs. 510.31 lakhs Rs. 468.48 lakhs Rs. 514.26 lakhs
Total Expenses: Rs. 508.51 lakhs Rs. 467.77 lakhs Rs. 504.92 lakhs
Profit Before Tax: Rs. 1.80 lakhs Rs. 0.71 lakhs Rs. 9.34 lakhs
Net Profit/(Loss): Rs. -5.85 lakhs Rs. 1.35 lakhs Rs. 9.24 lakhs
Basic EPS (Rs.): -0.19 0.04 0.30
Diluted EPS (Rs.): -0.19 0.04 0.30

Balance Sheet Highlights as at March 31, 2026

The company's total assets grew to Rs. 1,006.54 lakhs as at March 31, 2026, from Rs. 874.73 lakhs as at March 31, 2025. Current assets increased significantly to Rs. 658.72 lakhs from Rs. 505.10 lakhs, driven by higher inventories, trade receivables, and cash and cash equivalents. Key balance sheet figures are as follows:

Particulars: March 31, 2026 March 31, 2025
Non-Current Assets: Rs. 347.82 lakhs Rs. 369.63 lakhs
Current Assets: Rs. 658.72 lakhs Rs. 505.10 lakhs
— Inventories: Rs. 281.65 lakhs Rs. 224.31 lakhs
— Trade Receivables: Rs. 288.15 lakhs Rs. 236.09 lakhs
— Cash & Cash Equivalents: Rs. 40.67 lakhs Rs. 2.56 lakhs
Total Assets: Rs. 1,006.54 lakhs Rs. 874.73 lakhs
Equity: Rs. 506.14 lakhs Rs. 500.96 lakhs
— Equity Share Capital: Rs. 308.13 lakhs Rs. 308.13 lakhs
— Other Equity: Rs. 198.01 lakhs Rs. 192.83 lakhs
Non-Current Liabilities: Rs. 99.28 lakhs Rs. 124.38 lakhs
Current Liabilities: Rs. 401.12 lakhs Rs. 249.39 lakhs
Total Equity & Liabilities: Rs. 1,006.54 lakhs Rs. 874.73 lakhs

Cash Flow Summary for FY26

The company's cash flow statement for the year ended March 31, 2026 reflects a net cash outflow from operating activities of Rs. -32.29 lakhs, compared to a net inflow of Rs. 230.76 lakhs in FY25. Net cash used in investing activities stood at Rs. -38.95 lakhs, against Rs. -19.55 lakhs in FY25, primarily on account of fixed asset purchases of Rs. 42.71 lakhs. Financing activities generated a net inflow of Rs. 109.35 lakhs in FY26, compared to a net outflow of Rs. -214.73 lakhs in FY25, driven by a net increase in working capital borrowings of Rs. 161.50 lakhs. As a result, the closing balance of cash and cash equivalents rose to Rs. 40.67 lakhs from Rs. 2.56 lakhs at the start of the year.

Newspaper Publication and Regulatory Compliance

In compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company filed newspaper cuttings of the published extract of its audited financial results with BSE Limited on May 16, 2026. The results were published in Financial Express (English) and Jansatta (Hindi), both dated May 31, 2026. The filing was made under reference VPII/BSEL/2026-27/16052026. Statutory auditors M/s A. Natani & Co., Chartered Accountants (FRN No. 007347C), issued an unmodified opinion on the standalone financial results for the quarter and year ended March 31, 2026, conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. The paid-up equity share capital of the company remained unchanged at Rs. 308.13 lakhs, comprising equity shares of Rs. 10 each. The full format of the financial results is available on the BSE website ( www.bseindia.com ) and the company's website ( www.vinayakpolycon.com ).

Historical Stock Returns for Vinayak Polycon International

1 Day5 Days1 Month6 Months1 Year5 Years
+8.30%+13.11%+0.79%-14.34%-1.13%+201.90%

What strategic measures is Vinayak Polycon International planning to reverse the ~77% decline in net profit and return to revenue growth in FY27?

Given the sharp rise in current liabilities from Rs. 249 lakhs to Rs. 401 lakhs driven by working capital borrowings, how sustainable is the company's debt position if operating cash flows remain negative?

With inventories and trade receivables both rising significantly while operating cash flow turned negative, what steps is management taking to improve working capital efficiency and collections?

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Vinayak Polycon International Schedules Board Meeting on May 15, 2026 to Approve FY26 Audited Financial Results

2 min read     Updated on 07 May 2026, 05:59 PM
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Vinayak Polycon International has announced a Board of Directors meeting on May 15, 2026, at 11:30 A.M. (IST) at its Jaipur registered office, to approve audited financial results for the quarter and year ended March 31, 2026. The intimation was issued on May 07, 2026, in compliance with SEBI's Listing Obligations and Disclosures Requirements Regulations, 2015. The trading window for the company's shares will remain closed until May 17, 2026, restricting Directors, Promoters, Designated Persons, and their immediate relatives from trading in the company's shares.

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Vinayak Polycon International has notified BSE Limited of an upcoming Board of Directors meeting, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015. The meeting is scheduled for Friday, May 15, 2026, at 11:30 A.M. (IST), to be held at the company's registered office located at 312, Navjeevan Complex, 29, Station Road, Jaipur – 302 006, Rajasthan.

Board Meeting Details

The primary agenda of the meeting is to consider, discuss, and approve the Audited Financial Results along with the Report of the Statutory Auditors for the quarter and year ended March 31, 2026. The intimation was issued on Thursday, May 07, 2026, and signed by Shikha Natani, Company Secretary & Compliance Officer (Membership No.: 45901).

Parameter: Details
Meeting Date: Friday, May 15, 2026
Meeting Time: 11:30 A.M. (IST)
Venue: 312, Navjeevan Complex, 29, Station Road, Jaipur – 302 006, Rajasthan
Agenda: Audited Financial Results & Statutory Auditors' Report
Period Under Review: Quarter and year ended March 31, 2026
Intimation Date: May 07, 2026

Trading Window Closure

In continuation of its earlier intimation dated March 25, 2026, regarding the closure of the trading window, the company has reiterated that the trading window for dealing in its shares shall remain closed until 48 hours after the declaration of financial results for the quarter and financial year ended March 31, 2026. Accordingly, the trading window will remain shut until May 17, 2026.

This restriction applies to all Directors, Promoters, Designated Persons, and their immediate relatives, as covered under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's own Code of Conduct for Prevention of Insider Trading. None of the aforementioned individuals are permitted to trade in the company's shares until the trading window reopens on May 17, 2026.

Parameter: Details
Trading Window Closure Reference Date: March 25, 2026
Trading Window Reopens: May 17, 2026
Applicable Persons: Directors, Promoters, Designated Persons & their immediate relatives
Governing Regulation: SEBI (Prohibition of Insider Trading) Regulations, 2015

Regulatory Compliance

The intimation has been filed in accordance with the applicable SEBI regulations governing listed entities. The company has requested BSE Limited to take the communication on record and inform all concerned parties. The filing was duly authorized and digitally signed by Shikha Natani, Company Secretary & Compliance Officer, on May 07, 2026.

Historical Stock Returns for Vinayak Polycon International

1 Day5 Days1 Month6 Months1 Year5 Years
+8.30%+13.11%+0.79%-14.34%-1.13%+201.90%

How might Vinayak Polycon International's full-year FY2026 financial results compare to its previous year's performance, and what revenue or profitability trends could emerge?

Will the audited financial results trigger any significant investor reaction or share price movement once the trading window reopens on May 17, 2026?

Could the board meeting on May 15, 2026, include any additional agenda items such as dividend declarations, fundraising plans, or strategic expansions beyond the financial results approval?

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