MSR India quarterly results and financials

MSR India (BSE 508922)₹2.78+4.51%(2 Nov 2026 close)Aluminium, Copper & Zinc Products

Key facts

In the Mar 2026 quarter (standalone), MSR India reported sales of ₹0 Cr and net profit of −₹0.02 Cr. For the year to Mar 2026, sales were ₹0 Cr and net profit −₹0.43 Cr.

Sales (Mar 2026): ₹0 Cr
Net profit (Mar 2026): −₹0.02 Cr
Sales (FY Mar 2026): ₹0 Cr
Net profit (FY Mar 2026): −₹0.43 Cr
EPS (Mar 2026): ₹0.00
Borrowings (Mar 2026): ₹7.74 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

MSR India quarterly results

₹ crore unless stated; each column is a quarter.

MSR India Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.06	0.53	0.06	3.67	0.06	0.16	0.13	0.06	0.06	0.04	0.28	0.02
Operating Profit	−0.06	−0.53	−0.06	−3.66	−0.06	−0.16	−0.13	−0.06	−0.06	−0.04	−0.28	−0.02
Other Income	0.85	0.89	0.00	4.11	0.00	−0.31	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.23	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.25	0.37	−0.10	0.44	−0.08	−0.50	−0.15	−0.08	−0.08	−0.06	−0.30	−0.04
Tax %	0.0%	97.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Exceptional items	0.99	0.99	0.00	3.98	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	0.23	0.00	−0.08	0.42	−0.06	−0.48	−0.13	−0.06	−0.06	−0.04	−0.28	−0.02
EPS (Rs)	0.05	0.00	−0.02	0.08	−0.02	−0.09	−0.03	−0.02	−0.02	−0.02	−0.06	0.00

MSR India profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

MSR India Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	166	107	122	169	49.74	29.28	13.58	4.38	0.00	0.00	0.00	0.00
Expenses	164	102	116	163	43.25	74.64	14.33	8.96	0.82	0.32	0.43	0.40
Operating Profit	1.80	4.37	6.07	6.32	6.47	−45.26	−0.74	−4.58	−0.82	−0.32	−0.43	−0.40
OPM %	1.1%	4.1%	5.0%	3.7%	13.1%	−154.6%	−5.5%	−104.8%	—	—	—	—
Other Income	0.19	0.03	0.20	0.12	0.11	0.15	2.75	20.05	2.31	0.00	0.00	0.00
Interest	0.03	0.04	0.98	2.32	3.68	4.00	3.22	4.75	0.30	0.00	0.00	0.00
Depreciation	0.98	3.28	3.10	3.11	2.89	2.40	2.00	1.37	0.25	0.00	0.00	0.00
Profit before tax	0.99	1.12	2.22	1.03	0.04	−51.92	−3.22	9.35	0.95	−0.34	−0.45	−0.48
Tax %	18.4%	18.9%	19.9%	51.0%	0.0%	−21.8%	−42.7%	−120.1%	623.4%	0.0%	0.0%	—
Exceptional items	0.03	0.00	0.00	0.00	0.00	0.00	2.64	19.93	−3.53	0.00	0.00	0.00
Net Profit	0.79	0.90	1.76	0.49	0.02	−40.38	−1.82	20.49	−4.91	−0.32	−0.43	−0.40
EPS (Rs)	0.14	0.15	0.29	0.09	0.00	−6.44	−0.30	3.27	−0.79	−0.06	−0.08	−0.10
Dividend payout %	78.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

MSR India balance sheet

₹ crore, at each year end.

MSR India Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	31.45	31.47	31.46	31.52	31.52	31.49	31.46	31.42	31.44	31.47	31.41	31.41
Reserves	0.36	0.40	1.59	3.37	3.87	3.90	−36.48	−38.28	−17.82	−16.89	−41.88	−42.32
Borrowings	0.12	0.13	0.22	12.43	35.34	34.34	37.64	29.26	21.06	7.74	7.74	7.74
Other Liabilities	22.33	31.44	22.43	5.98	6.62	12.63	4.43	13.68	2.98	2.69	3.19	3.63
Total Liabilities	54.26	63.44	55.70	53.30	77.35	82.36	37.05	36.08	37.66	25.01	0.46	0.46
Fixed Assets	5.88	17.50	25.86	25.56	30.58	23.57	21.28	16.33	11.74	0.02	0.02	0.02
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	12.47	0.00	0.00	0.00	0.49	0.34	0.04	0.04	0.00	0.00	0.00	0.00
Other Assets	35.91	45.94	29.84	27.74	46.28	58.45	15.73	19.71	25.92	24.99	0.44	0.44
Inventories	4.49	3.26	3.38	9.18	25.01	39.58	2.32	2.94	0.00	0.00	0.00	0.00
Trade receivables	18.23	36.72	22.50	13.21	19.99	15.99	0.65	1.62	0.31	0.00	0.00	0.00
Cash & equivalents	0.47	0.93	0.08	0.05	0.09	1.04	0.27	0.33	0.25	0.11	0.11	0.11
Total Assets	54.26	63.44	55.70	53.30	77.35	82.36	37.05	36.08	37.66	25.01	0.46	0.46

MSR India cash flow

₹ crore, for each year.

MSR India Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from operating activity	13.90	4.27	10.40	3.62	6.42	2.41	−2.22	9.16	9.59	−3.15	−0.52
Cash from investing activity	−33.94	8.56	−12.05	−2.73	−8.64	3.29	−0.10	2.91	3.23	11.89	0.00
Cash from financing activity	0.10	0.00	0.00	−0.98	2.24	−4.78	1.58	−12.05	−12.95	−8.87	0.54
Net cash flow	−19.93	12.83	−1.64	−0.07	0.00	0.94	−0.76	0.06	−0.07	−0.09	0.00
Capex	33.69	1.40	11.65	2.79	8.14	0.30	0.12	0.00	0.00	0.00	0.00
Free cash flow	−19.69	2.88	−1.21	0.84	−1.69	5.56	−2.33	12.05	12.75	8.27	−0.52
CFO / OP %	2,222.9%	246.0%	241.9%	69.9%	108.0%	39.9%	5.0%	−1,223.1%	−209.1%	381.0%	161.0%

MSR India ratios

Working-capital days and returns, by year.

MSR India Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2025
Debtor days	77	79	76	38	42	116	7	42	24	—
Inventory days	18	6	12	31	59	661	14	135	0	—
Days payable	95	67	80	19	14	192	21	563	99	—
Cash conversion cycle	2	20	9	52	89	587	1	−384	−73	—
Working capital days	2	29	24	28	18	100	−361	−745	−587	—
ROCE %	2.1%	3.0%	3.5%	8.0%	5.7%	5.3%	−93.5%	−9.6%	−20.8%	−3.4%

MSR India: frequently asked questions

What are the latest quarterly results of MSR India?

For the Mar 2026 quarter, MSR India reported sales of ₹0 Cr and net profit of −₹0.02 Cr.

What is the annual revenue of MSR India?

MSR India's sales for the year to Mar 2026 were ₹0 Cr; over the last twelve months they were ₹0 Cr.

What is the net profit of MSR India?

Net profit for the year to Mar 2026 was −₹0.43 Cr, and −₹0.40 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−0.10.

How much debt does MSR India have?

MSR India reported borrowings of ₹7.74 Cr at Mar 2026, against cash and equivalents of ₹0.11 Cr.

What is the free cash flow of MSR India?

Cash from operations was −₹0.52 Cr in the year to Mar 2025; after capital spending, free cash flow was −₹0.52 Cr.

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