Kuwer Industries (BSE 530421)₹10.40+5.05%Commodity Chemicals
In the Mar 2026 quarter (standalone), Kuwer Industries reported sales of ₹29.64 Cr, up 118.9% from Mar 2025, and net profit of ₹1.61 Cr. For the year to Mar 2026, sales were ₹72.71 Cr and net profit ₹2.01 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| 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 | 15.94 | 15.53 | 14.05 | 13.16 | 13.71 | 15.42 | 14.99 | 13.54 | 14.03 | 15.52 | 13.50 | 29.64 |
| Expenses | 16.15 | 15.53 | 13.23 | 8.95 | 13.58 | 13.52 | 13.36 | 12.59 | 14.62 | 12.89 | 12.63 | 35.12 |
| Operating Profit | −0.16 | 0.03 | 0.85 | 4.24 | 0.16 | 1.92 | 1.66 | 0.99 | −0.56 | 2.67 | 0.89 | −5.38 |
| OPM % | −1.1% | 0.3% | 6.1% | 32.2% | 1.2% | 12.4% | 11.0% | 7.3% | −4.1% | 17.1% | 6.6% | −18.2% |
| Other Income | 0.00 | 0.00 | 1.06 | −1.01 | 0.10 | −0.05 | 0.05 | 0.09 | 0.11 | 0.20 | 0.18 | 8.51 |
| Interest | 0.46 | 0.76 | 0.66 | 0.65 | 0.61 | 0.61 | 0.61 | 0.76 | 0.68 | 0.55 | 0.49 | 0.71 |
| Depreciation | 0.45 | 0.54 | 0.50 | 0.51 | 0.47 | 0.48 | 0.50 | 0.49 | 0.49 | 0.49 | 0.49 | 0.39 |
| Profit before tax | −1.11 | −1.29 | 0.74 | 2.09 | −0.85 | 0.79 | 0.59 | −0.18 | −1.67 | 1.82 | 0.08 | 1.99 |
| Tax % | −1.8% | −2.3% | −4.1% | −1.4% | −4.7% | −5.1% | 10.4% | −52.9% | −3.0% | 6.7% | −14.3% | 19.8% |
| Net Profit | −1.09 | −1.26 | 0.76 | 2.12 | −0.82 | 0.83 | 0.53 | −0.09 | −1.62 | 1.70 | 0.10 | 1.61 |
| EPS (Rs) | −1.18 | −1.37 | 0.84 | 2.33 | −0.88 | 0.89 | 0.56 | −0.10 | −1.78 | 1.87 | 0.11 | 1.77 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 28.41 | 29.86 | 44.37 | 47.36 | 60.05 | 56.53 | 63.23 | 66.68 | 58.65 | 57.60 | 72.71 | 72.69 |
| Expenses | 28.86 | 28.28 | 43.06 | 45.42 | 56.49 | 52.55 | 58.91 | 62.55 | 53.82 | 52.90 | 75.29 | 75.26 |
| Operating Profit | −0.36 | 1.68 | 1.42 | 2.02 | 3.69 | 4.12 | 4.51 | 4.28 | 4.98 | 4.89 | −2.38 | −2.38 |
| OPM % | −1.3% | 5.6% | 3.2% | 4.3% | 6.1% | 7.3% | 7.1% | 6.4% | 8.4% | 8.4% | −3.3% | −3.3% |
| Other Income | 2.06 | 0.09 | 0.28 | 0.30 | 0.08 | 0.05 | 0.11 | 0.20 | 0.07 | 0.08 | 8.98 | 9.00 |
| Interest | 0.50 | 0.51 | 0.52 | 0.88 | 1.61 | 1.97 | 2.35 | 2.18 | 2.59 | 2.66 | 2.46 | 2.43 |
| Depreciation | 0.92 | 1.03 | 0.85 | 1.30 | 1.75 | 1.93 | 2.10 | 2.15 | 2.03 | 1.98 | 1.90 | 1.86 |
| Profit before tax | 0.25 | 0.22 | 0.32 | 0.13 | 0.41 | 0.27 | 0.17 | 0.16 | 0.43 | 0.35 | 2.21 | 2.22 |
| Tax % | 37.6% | 52.4% | 38.8% | 600.1% | 50.1% | −50.0% | −18.7% | −59.9% | 73.9% | −35.2% | 9.2% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 0.16 | 0.11 | 0.20 | −0.61 | 0.21 | 0.40 | 0.20 | 0.25 | 0.12 | 0.47 | 2.01 | 1.79 |
| EPS (Rs) | 0.18 | 0.12 | 0.20 | −0.67 | 0.23 | 0.44 | 0.20 | 0.27 | 0.13 | 0.52 | 2.21 | 1.97 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| 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 | 9.09 | 9.08 | 9.08 | 9.08 | 9.07 | 9.08 | 9.08 | 9.07 | 9.07 | 9.07 | 9.08 | 9.09 |
| Reserves | 7.77 | 7.91 | 8.02 | 8.21 | 7.59 | 7.81 | 7.72 | 7.95 | 8.23 | 8.27 | 8.73 | 10.78 |
| Borrowings | 2.81 | 3.95 | 3.72 | 5.29 | 20.28 | 22.91 | 24.20 | 29.19 | 26.21 | 28.39 | 32.30 | 35.85 |
| Other Liabilities | 3.98 | 4.29 | 4.37 | 8.38 | 10.16 | 13.29 | 14.46 | 18.74 | 22.78 | 22.52 | 20.10 | 16.45 |
| Total Liabilities | 23.65 | 25.23 | 25.19 | 30.96 | 47.10 | 53.09 | 55.46 | 64.95 | 66.29 | 68.25 | 70.21 | 72.17 |
| Fixed Assets | 5.96 | 6.55 | 6.00 | 5.83 | 16.45 | 17.15 | 17.77 | 17.22 | 15.37 | 14.05 | 12.64 | 10.29 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.37 | 1.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 17.69 | 18.68 | 19.19 | 24.76 | 29.23 | 35.94 | 37.69 | 47.73 | 50.92 | 54.20 | 57.57 | 61.88 |
| Inventories | 6.71 | 6.24 | 7.58 | 8.16 | 8.28 | 9.21 | 12.09 | 18.51 | 18.59 | 18.69 | 17.80 | 16.15 |
| Trade receivables | 5.87 | 8.07 | 8.18 | 12.35 | 13.93 | 20.37 | 20.53 | 26.43 | 25.60 | 30.50 | 36.25 | 43.46 |
| Cash & equivalents | 0.31 | 0.17 | 0.16 | 0.28 | 0.20 | 0.24 | 0.06 | 0.24 | 0.15 | 0.65 | 0.17 | 0.21 |
| Total Assets | 23.65 | 25.23 | 25.19 | 30.96 | 47.10 | 53.09 | 55.46 | 64.95 | 66.29 | 68.25 | 70.21 | 72.17 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 1.39 | 0.69 | −0.27 | −1.46 | −1.10 | 3.71 | −4.78 | 3.18 | −1.03 | −3.82 | −12.21 |
| Cash from investing activity | −1.52 | −0.50 | −1.06 | −13.04 | −1.00 | −2.55 | −1.56 | −0.28 | −0.70 | −0.56 | 8.72 |
| Cash from financing activity | −0.02 | −0.20 | 1.44 | 14.38 | 2.04 | −1.33 | 6.50 | −2.97 | 2.22 | 3.86 | 3.51 |
| Net cash flow | −0.15 | 0.00 | 0.13 | −0.10 | −0.05 | −0.19 | 0.19 | −0.09 | 0.51 | −0.49 | 0.06 |
| Capex | 0.00 | 0.50 | 1.06 | 13.05 | 1.00 | 2.55 | 1.58 | 0.29 | 0.77 | 1.10 | 0.83 |
| Free cash flow | 1.41 | 0.20 | −1.32 | −14.52 | −2.09 | 1.17 | −6.33 | 2.91 | −1.73 | −4.46 | −3.51 |
| CFO / OP % | −405.0% | 51.1% | −6.0% | −70.9% | −28.9% | 92.1% | −104.0% | 74.1% | −20.0% | −78.0% | 508.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 91 | 102 | 99 | 100 | 106 | 122 | 131 | 151 | 139 | 188 | 228 | 217 |
| Inventory days | 140 | 125 | 152 | 103 | 99 | 88 | 131 | 130 | 111 | 142 | 138 | 83 |
| Days payable | 35 | 41 | 40 | 75 | 76 | 91 | 106 | 100 | 113 | 142 | 66 | 73 |
| Cash conversion cycle | 198 | 188 | 213 | 130 | 132 | 121 | 158 | 183 | 139 | 190 | 301 | 229 |
| Working capital days | 169 | 135 | 122 | 84 | 77 | 64 | 66 | 81 | 80 | 107 | 113 | 118 |
| ROCE % | 3.9% | 3.7% | 3.5% | 3.9% | 3.4% | 5.3% | 5.6% | 5.8% | 5.3% | 6.7% | 6.5% | 8.9% |
For the Mar 2026 quarter, Kuwer Industries reported sales of ₹29.64 Cr, up 118.9% year on year and net profit of ₹1.61 Cr. The operating margin was −18.2%.
Kuwer Industries' sales for the year to Mar 2026 were ₹72.71 Cr; over the last twelve months they were ₹72.69 Cr.
Net profit for the year to Mar 2026 was ₹2.01 Cr, and ₹1.79 Cr over the last twelve months. Earnings per share over the same trailing period were ₹1.97.
Kuwer Industries reported borrowings of ₹35.85 Cr at Mar 2026, against cash and equivalents of ₹0.21 Cr.
Cash from operations was −₹12.21 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹3.51 Cr.