Organic Coatings quarterly results and financials

Organic Coatings (BSE 531157)₹23.55+4.67%(9 Nov 2026 close)Specialty Chemicals

Key facts

In the Mar 2026 quarter (standalone), Organic Coatings reported sales of ₹9.63 Cr, up 51.9% from Mar 2025, and net profit of −₹0.86 Cr. For the year to Mar 2026, sales were ₹28.11 Cr and net profit −₹3.27 Cr.

Sales (Mar 2026): ₹9.63 Cr
Net profit (Mar 2026): −₹0.86 Cr
Sales (FY Mar 2026): ₹28.11 Cr
Net profit (FY Mar 2026): −₹3.27 Cr
EPS (Mar 2026): ₹−0.86
Borrowings (Mar 2026): ₹10.17 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Organic Coatings quarterly results

₹ crore unless stated; each column is a quarter.

Organic Coatings 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	6.49	5.18	6.10	9.03	13.07	6.15	3.40	6.34	7.08	5.54	5.86	9.63
Expenses	6.08	4.84	5.78	8.26	12.24	6.31	3.78	6.71	7.52	5.74	6.44	10.08
Operating Profit	0.40	0.33	0.31	0.76	0.78	−0.15	−0.39	−0.36	−0.45	−0.21	−0.58	−0.47
OPM %	6.3%	6.5%	5.2%	8.5%	6.0%	−2.6%	−11.8%	−5.8%	−6.5%	−4.0%	−10.1%	−5.0%
Other Income	0.00	0.02	0.05	0.02	0.03	0.02	0.03	0.00	0.03	0.04	0.04	0.04
Interest	0.42	0.35	0.37	0.35	0.34	0.34	0.31	0.21	0.21	0.19	0.18	0.17
Depreciation	0.24	0.22	0.22	0.21	0.22	0.21	0.20	0.20	0.20	0.22	0.22	0.23
Profit before tax	−0.24	−0.21	−0.22	0.21	0.24	−0.69	−0.88	−0.79	−0.84	−0.61	−0.95	−0.86
Tax %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net Profit	−0.26	−0.23	−0.24	0.23	0.27	−0.71	−0.90	−0.79	−0.86	−0.61	−0.97	−0.86
EPS (Rs)	−0.34	−0.30	−0.31	0.30	0.35	−0.92	−0.90	−0.79	−0.86	−0.61	−0.97	−0.86

Organic Coatings profit and loss

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

Organic Coatings 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	40.70	29.96	37.07	35.58	27.56	14.06	22.08	22.91	26.81	28.95	28.11	28.11
Expenses	39.26	27.61	35.11	34.34	25.94	13.53	21.58	21.52	24.95	29.05	29.78	29.78
Operating Profit	1.33	2.28	1.89	1.18	1.54	0.48	0.45	1.35	1.83	−0.12	−1.74	−1.71
OPM %	3.3%	7.6%	5.1%	3.3%	5.6%	3.5%	2.1%	5.9%	6.8%	−0.5%	−6.2%	−6.1%
Other Income	0.28	0.33	0.56	0.25	0.41	0.06	0.12	0.17	0.08	0.06	0.12	0.15
Interest	1.43	1.18	1.07	1.13	1.19	1.40	1.48	1.50	1.46	1.17	0.72	0.75
Depreciation	1.39	1.30	1.34	1.33	1.28	1.29	1.06	0.97	0.92	0.85	0.90	0.87
Profit before tax	−1.20	0.12	0.03	−1.02	−0.51	−2.14	−1.96	−0.94	−0.46	−2.11	−3.27	−3.26
Tax %	0.0%	0.0%	24.9%	0.0%	0.0%	0.0%	1.5%	0.0%	0.0%	0.0%	0.0%	—
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	−1.22	0.14	0.04	−1.04	−0.52	−2.16	−2.01	−0.96	−0.48	−2.11	−3.27	−3.30
EPS (Rs)	−1.59	0.18	0.05	−1.35	−0.67	−2.81	−2.62	−1.25	−0.62	−2.12	−3.28	−3.30
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Organic Coatings balance sheet

₹ crore, at each year end.

Organic Coatings 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	7.68	7.66	7.67	7.68	7.66	7.65	7.67	7.66	7.68	7.66	9.97	9.98
Reserves	−0.20	−1.41	0.57	0.61	−0.42	−0.93	−3.07	−5.05	−6.00	−6.47	−6.68	−9.94
Borrowings	10.79	9.20	8.49	7.48	8.31	9.31	12.51	12.19	11.97	10.84	7.73	10.17
Other Liabilities	17.99	13.00	11.83	13.37	15.55	5.76	5.18	7.51	6.04	7.03	6.72	14.02
Total Liabilities	36.26	28.45	28.56	29.14	31.10	21.79	22.29	22.31	19.69	19.06	17.74	24.23
Fixed Assets	15.03	13.76	16.34	15.21	14.02	12.74	11.44	10.40	9.47	8.68	8.66	9.03
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	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	21.23	14.69	12.22	13.93	17.08	9.05	10.85	11.91	10.22	10.38	9.08	15.20
Inventories	5.93	4.57	3.54	4.25	4.91	3.40	3.36	3.37	3.02	3.12	3.37	5.33
Trade receivables	11.80	6.86	5.40	6.77	8.45	4.13	5.48	6.98	6.21	6.39	4.86	8.08
Cash & equivalents	0.89	0.90	0.60	0.71	0.83	0.00	0.58	0.18	0.00	0.00	0.05	0.96
Total Assets	36.26	28.45	28.56	29.14	31.10	21.79	22.29	22.31	19.69	19.06	17.74	24.23

Organic Coatings cash flow

₹ crore, for each year.

Organic Coatings Cash flow
	Mar 2015	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	7.39	3.49	3.65	2.26	0.44	−0.74	−1.26	1.38	1.54	2.69	0.88	0.43
Cash from investing activity	−0.27	−0.13	−1.95	−0.10	−0.03	0.05	0.00	0.02	−0.03	−0.13	−0.80	−1.26
Cash from financing activity	−6.60	−3.36	−1.86	−2.06	−0.31	−0.13	1.85	−1.78	−1.71	−2.57	−0.02	1.71
Net cash flow	0.52	0.02	−0.16	0.12	0.13	−0.85	0.59	−0.40	−0.19	−0.02	0.06	0.92
Capex	0.31	0.23	3.82	0.33	0.15	0.00	0.01	0.03	0.03	0.13	0.84	1.27
Free cash flow	7.10	3.35	1.63	2.10	0.32	−0.76	−1.28	1.36	1.52	2.57	0.05	−0.85
CFO / OP %	926.0%	261.0%	160.0%	119.0%	38.0%	−48.0%	−259.0%	302.0%	114.0%	147.0%	−685.0%	−25.0%

Organic Coatings ratios

Working-capital days and returns, by year.

Organic Coatings Ratios
	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	94	61	66	67	86	55	142	115	99	87	61	105
Inventory days	64	57	67	60	72	68	141	81	73	71	63	96
Days payable	138	99	117	119	155	103	194	162	123	140	109	215
Cash conversion cycle	20	18	14	7	3	19	88	33	48	17	14	−15
Working capital days	−27	−52	−58	−26	−16	−27	0	−21	−19	−26	−13	−77
ROCE %	3.7%	1.5%	7.9%	6.7%	0.5%	4.2%	−4.6%	−3.2%	3.8%	7.6%	−8.2%	−24.1%

Organic Coatings: frequently asked questions

What are the latest quarterly results of Organic Coatings?

For the Mar 2026 quarter, Organic Coatings reported sales of ₹9.63 Cr, up 51.9% year on year and net profit of −₹0.86 Cr. The operating margin was −5.0%.

What is the annual revenue of Organic Coatings?

Organic Coatings' sales for the year to Mar 2026 were ₹28.11 Cr; over the last twelve months they were ₹28.11 Cr.

What is the net profit of Organic Coatings?

Net profit for the year to Mar 2026 was −₹3.27 Cr, and −₹3.30 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−3.30.

How much debt does Organic Coatings have?

Organic Coatings reported borrowings of ₹10.17 Cr at Mar 2026, against cash and equivalents of ₹0.96 Cr.

What is the free cash flow of Organic Coatings?

Cash from operations was ₹0.43 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹0.85 Cr.

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