Step Two Corporation (BSE 531509)₹26.55+0.15%Other Financial Services
In the Mar 2026 quarter (standalone), Step Two Corporation reported sales of ₹3.17 Cr, up 22.9% from Mar 2025, and net profit of −₹1.35 Cr, down 162.8% year on year. For the year to Mar 2026, sales were ₹4.61 Cr and net profit −₹1.91 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 | 0.37 | 0.78 | 0.67 | 0.00 | 2.27 | 0.00 | 0.08 | 2.58 | 0.91 | 0.00 | 0.53 | 3.17 |
| Expenses | 0.16 | 0.08 | 0.16 | 2.44 | 0.18 | 3.63 | 2.14 | 0.12 | 0.25 | 1.52 | 0.12 | 4.31 |
| Operating Profit | 0.20 | 0.67 | 0.48 | −2.44 | 2.10 | −3.63 | −2.05 | 2.43 | 0.63 | −1.52 | 0.40 | −1.15 |
| OPM % | 55.2% | 88.2% | 74.2% | — | 92.5% | — | −2,942.9% | 94.9% | 71.1% | — | 75.9% | −36.8% |
| Other Income | 0.00 | 0.00 | 0.09 | 0.49 | 0.00 | 0.72 | 0.00 | 0.41 | −0.24 | 0.01 | 0.03 | −0.65 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.02 | −0.02 |
| Profit before tax | 0.19 | 0.66 | 0.58 | −1.94 | 2.10 | −2.92 | −2.08 | 2.83 | 0.38 | −1.54 | 0.40 | −1.78 |
| Tax % | 25.0% | 19.4% | −1.7% | −19.0% | 17.1% | −17.7% | −27.3% | 23.9% | 35.9% | −27.4% | 24.4% | −23.5% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.14 | 0.53 | 0.59 | −1.57 | 1.74 | −2.40 | −1.51 | 2.15 | 0.24 | −1.10 | 0.30 | −1.35 |
| EPS (Rs) | 0.34 | 1.26 | 1.40 | −3.71 | 4.11 | −5.65 | −3.57 | 5.08 | 0.33 | −1.49 | 0.41 | −1.83 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.57 | 0.51 | 0.59 | 0.34 | 0.52 | 0.47 | 0.40 | 0.91 | 0.85 | 1.31 | 4.61 | 4.61 |
| Expenses | 0.52 | 0.31 | 0.03 | 0.47 | 0.35 | 0.26 | 0.26 | 0.22 | 1.29 | 1.32 | 6.15 | 6.20 |
| Operating Profit | 0.04 | 0.19 | 0.55 | −0.12 | 0.16 | 0.20 | 0.11 | 0.66 | −0.45 | −0.02 | −1.55 | −1.64 |
| OPM % | 8.6% | 38.4% | 93.3% | −37.2% | 33.3% | 43.7% | 30.8% | 74.4% | −54.8% | −2.3% | −34.0% | −35.6% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 | −0.94 | −0.85 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.04 | 0.00 | 0.00 |
| Depreciation | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 |
| Profit before tax | 0.02 | 0.19 | 0.55 | −0.12 | 0.16 | 0.20 | 0.19 | 0.63 | −0.48 | −0.07 | −2.51 | −2.54 |
| Tax % | 33.3% | 20.0% | 19.6% | 0.0% | 17.6% | 14.3% | 25.0% | 21.9% | −40.8% | −75.0% | −23.8% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.01 | 0.15 | 0.44 | −0.13 | 0.13 | 0.17 | 0.13 | 0.49 | −0.29 | −0.01 | −1.91 | −1.91 |
| EPS (Rs) | 0.03 | 0.37 | 1.05 | −0.32 | 0.32 | 0.41 | 0.32 | 1.17 | −0.70 | −0.04 | −2.59 | −2.58 |
| 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 | 4.62 | 4.62 | 4.62 | 4.62 | 4.62 | 4.62 | 4.61 | 4.61 | 4.62 | 4.62 | 4.61 | 7.76 |
| Reserves | −0.11 | −0.10 | 0.07 | 0.51 | 0.38 | 0.52 | 0.70 | 0.84 | 1.36 | 1.06 | 1.04 | 0.69 |
| Borrowings | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.02 | 0.04 | 0.05 | 0.16 | 0.03 | 0.06 | 0.11 | 0.09 | 0.14 | 0.02 | 0.06 | 0.06 |
| Total Liabilities | 4.64 | 4.56 | 4.74 | 5.29 | 5.03 | 5.20 | 5.42 | 5.54 | 6.12 | 5.70 | 5.71 | 8.51 |
| Fixed Assets | 0.07 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.13 |
| 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 | 0.65 | 0.59 | 1.16 | 0.40 | 0.40 | 0.31 | 0.00 | 0.00 | 0.00 | 5.00 | 4.04 | 0.85 |
| Other Assets | 3.92 | 3.94 | 3.56 | 4.87 | 4.61 | 4.87 | 5.40 | 5.52 | 6.10 | 0.68 | 1.67 | 7.53 |
| Inventories | 0.61 | 0.13 | 0.06 | 0.23 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.41 |
| Trade receivables | 0.00 | 0.09 | 0.09 | 0.09 | 0.00 | 0.11 | 0.40 | 0.00 | 0.83 | 0.05 | 0.09 | 0.00 |
| Cash & equivalents | 0.31 | 0.37 | 0.45 | 0.40 | 0.31 | 0.30 | 0.32 | 0.74 | 0.26 | 0.28 | 1.19 | 0.01 |
| Total Assets | 4.64 | 4.56 | 4.74 | 5.29 | 5.03 | 5.20 | 5.42 | 5.54 | 6.12 | 5.70 | 5.71 | 8.51 |
| 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 | −0.13 | −0.36 | 0.56 | −1.11 | −0.10 | −0.10 | −0.38 | 0.43 | −0.53 | 3.39 | −0.43 | −8.60 |
| Cash from investing activity | −0.05 | 0.42 | −0.48 | 1.04 | 0.00 | 0.11 | 0.40 | −0.44 | 0.48 | −3.37 | 1.34 | 2.68 |
| Cash from financing activity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.73 |
| Net cash flow | −0.17 | 0.07 | 0.09 | −0.08 | −0.10 | 0.02 | 0.03 | −0.02 | −0.06 | 0.02 | 0.92 | −1.19 |
| Capex | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 |
| Free cash flow | −0.11 | −0.32 | 0.54 | −1.09 | −0.08 | −0.08 | −0.36 | 0.41 | −0.51 | 3.37 | −0.41 | −8.69 |
| CFO / OP % | −450.0% | −680.0% | 280.0% | −196.0% | −15.0% | −41.0% | −176.0% | 383.0% | −63.0% | −763.0% | 1,400.0% | 549.0% |
| 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 | 0 | 50 | 56 | 49 | 0 | 72 | 297 | 0 | 333 | 17 | 22 | 0 |
| Inventory days | 579 | 141 | 364 | — | 182 | 0 | — | — | — | — | — | — |
| Days payable | 0 | 0 | 0 | — | 0 | — | — | — | — | — | — | — |
| Cash conversion cycle | 580 | 192 | 421 | 49 | 182 | 72 | 297 | 0 | 333 | 17 | 22 | 0 |
| Working capital days | 1,657 | 2,209 | 1,979 | 2,488 | 302 | 222 | 502 | −28 | 1,951 | 48 | 8 | 113 |
| ROCE % | 0.2% | 0.9% | 4.4% | 11.5% | −2.6% | 3.4% | 4.1% | 3.7% | 11.8% | −7.9% | −0.5% | −32.1% |
For the Mar 2026 quarter, Step Two Corporation reported sales of ₹3.17 Cr, up 22.9% year on year and net profit of −₹1.35 Cr, down 162.8% year on year. The operating margin was −36.8%.
Step Two Corporation's sales for the year to Mar 2026 were ₹4.61 Cr; over the last twelve months they were ₹4.61 Cr.
Net profit for the year to Mar 2026 was −₹1.91 Cr, and −₹1.91 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−2.58.
Step Two Corporation reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹0.01 Cr.
Cash from operations was −₹8.60 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹8.69 Cr.