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Metal Coatings (India) (BSE 531810)₹51.05−2.02%Iron & Steel Products
In the Mar 2026 quarter (standalone), Metal Coatings (India) reported sales of ₹36.62 Cr, down 10.0% from Mar 2025, and net profit of ₹0.12 Cr, down 91.0% year on year. For the year to Mar 2026, sales were ₹147 Cr and net profit ₹1.99 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 | 39.11 | 42.96 | 41.98 | 43.86 | 39.52 | 40.74 | 38.91 | 40.67 | 34.91 | 38.88 | 38.13 | 36.62 |
| Expenses | 38.57 | 42.40 | 41.44 | 42.72 | 38.63 | 39.82 | 37.52 | 38.99 | 34.57 | 38.08 | 37.12 | 36.25 |
| Operating Profit | 0.65 | 0.69 | 0.67 | 1.26 | 0.99 | 1.01 | 1.53 | 1.81 | 0.48 | 0.90 | 1.09 | 0.50 |
| OPM % | 1.6% | 1.6% | 1.6% | 2.9% | 2.5% | 2.5% | 3.9% | 4.5% | 1.4% | 2.3% | 2.9% | 1.3% |
| Other Income | 0.12 | 0.14 | 0.08 | 0.14 | 0.18 | 0.23 | 0.20 | 0.11 | 0.39 | 0.22 | 0.27 | −0.06 |
| Interest | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 2.35 | 0.04 | 0.02 | 0.02 | 0.02 | −0.03 |
| Depreciation | 0.12 | 0.12 | 0.12 | 0.13 | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.13 | 0.13 |
| Profit before tax | 0.63 | 0.69 | 0.61 | 1.24 | 1.01 | 1.08 | −0.75 | 1.73 | 0.71 | 0.96 | 1.20 | 0.29 |
| Tax % | 20.4% | 22.9% | 19.4% | 23.3% | 25.6% | 25.8% | −30.2% | 23.6% | 15.4% | 26.9% | 20.7% | 56.7% |
| Net Profit | 0.50 | 0.53 | 0.49 | 0.94 | 0.75 | 0.82 | −0.52 | 1.34 | 0.60 | 0.69 | 0.95 | 0.12 |
| EPS (Rs) | 0.69 | 0.73 | 0.67 | 1.29 | 1.03 | 1.10 | −0.71 | 1.81 | 0.82 | 0.95 | 1.30 | 0.17 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 91.72 | 97.68 | 110 | 154 | 120 | 93.71 | 141 | 169 | 168 | 159 | 147 | 149 |
| Expenses | 88.04 | 93.05 | 107 | 150 | 116 | 91.03 | 139 | 166 | 164 | 154 | 145 | 146 |
| Operating Profit | 4.02 | 4.02 | 4.02 | 4.02 | 4.02 | 3.01 | 3.01 | 4.01 | 3.01 | 5.02 | 3.01 | 2.97 |
| OPM % | 4.3% | 4.6% | 3.6% | 2.8% | 3.1% | 3.4% | 2.2% | 2.2% | 1.9% | 3.3% | 2.0% | 2.0% |
| Other Income | 0.00 | 0.99 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 0.99 | 0.99 | 0.99 | 0.82 |
| Interest | 1.01 | 1.01 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 | 0.03 |
| Depreciation | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.52 |
| Profit before tax | 1.99 | 2.99 | 2.99 | 3.99 | 3.99 | 2.99 | 3.99 | 3.99 | 2.99 | 2.99 | 2.99 | 3.16 |
| Tax % | 35.1% | 34.1% | 37.1% | 25.1% | 26.1% | 25.1% | 25.1% | 24.1% | 22.1% | 23.1% | 24.1% | — |
| Exceptional items | 0.00 | 0.00 | −0.02 | −0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 1.99 | 1.99 | 2.01 | 2.99 | 3.01 | 3.01 | 2.99 | 3.01 | 1.99 | 2.01 | 1.99 | 2.36 |
| EPS (Rs) | 2.05 | 2.65 | 2.71 | 4.17 | 3.88 | 3.50 | 3.83 | 3.76 | 3.40 | 3.22 | 3.27 | 3.24 |
| Dividend payout % | 49.0% | 38.0% | 37.1% | 12.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 31.1% | 31.1% | — |
| 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 | 7.00 | 7.02 | 7.01 | 7.01 | 7.02 | 7.00 | 7.02 | 7.00 | 7.02 | 7.01 | 7.00 | 6.99 |
| Reserves | 14.04 | 15.06 | 17.06 | 18.05 | 19.07 | 22.07 | 24.10 | 27.08 | 30.12 | 32.09 | 35.08 | 37.10 |
| Borrowings | 13.04 | 17.06 | 11.03 | 10.03 | 8.03 | 4.01 | 10.04 | 10.03 | 0.00 | 2.01 | 2.01 | 4.01 |
| Other Liabilities | 5.03 | 5.03 | 5.02 | 5.03 | 6.02 | 5.02 | 5.02 | 6.03 | 6.03 | 6.03 | 9.04 | 9.03 |
| Total Liabilities | 40.11 | 45.17 | 40.12 | 39.12 | 40.14 | 38.10 | 46.18 | 49.14 | 43.17 | 48.14 | 53.13 | 56.13 |
| Fixed Assets | 8.02 | 8.03 | 7.02 | 6.02 | 5.02 | 5.02 | 5.01 | 5.01 | 6.02 | 6.02 | 6.02 | 5.01 |
| 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 | 2.99 | 2.99 | 0.00 | 0.00 | 0.00 | 0.99 | 0.00 | 0.00 | 0.00 | 4.99 | 7.98 | 8.99 |
| Other Assets | 28.10 | 34.15 | 32.10 | 33.10 | 35.12 | 31.09 | 41.17 | 45.13 | 38.15 | 37.13 | 39.13 | 42.13 |
| Inventories | 6.71 | 9.26 | 8.21 | 7.66 | 5.96 | 3.09 | 7.90 | 11.39 | 6.62 | 6.40 | 8.38 | 10.51 |
| Trade receivables | 19.56 | 19.88 | 22.66 | 24.28 | 27.37 | 24.24 | 25.38 | 27.63 | 28.01 | 28.62 | 22.33 | 29.12 |
| Cash & equivalents | 1.36 | 3.32 | 0.46 | 0.47 | 0.64 | 2.90 | 5.61 | 0.31 | 0.77 | 0.27 | 0.28 | 0.27 |
| Total Assets | 40.11 | 45.17 | 40.12 | 39.12 | 40.14 | 38.10 | 46.18 | 49.14 | 43.17 | 48.14 | 53.13 | 56.13 |
| 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 | 3.99 | −0.99 | 3.99 | 0.99 | 2.99 | 7.98 | −4.98 | −5.98 | 10.97 | 2.99 | 5.98 | −0.99 |
| Cash from investing activity | 0.00 | 0.00 | 3.01 | 0.00 | 0.00 | −2.01 | 2.01 | 0.00 | −1.01 | −5.02 | −3.01 | 0.00 |
| Cash from financing activity | −2.99 | 2.99 | −6.98 | −1.99 | −2.99 | −3.98 | 5.97 | 0.00 | −9.97 | 1.99 | −2.99 | 0.99 |
| Net cash flow | 0.00 | 1.99 | 0.00 | 0.00 | 0.00 | 1.99 | 2.99 | −4.98 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capex | 0.50 | 0.51 | 0.13 | 0.00 | 0.02 | 0.35 | 0.51 | 0.02 | 1.49 | 0.52 | 0.69 | 0.03 |
| Free cash flow | 3.01 | −1.01 | 4.01 | 2.01 | 3.01 | 8.02 | −5.01 | −6.01 | 10.01 | 2.01 | 5.01 | −1.01 |
| CFO / OP % | 99.9% | 5.0% | 110.9% | 66.9% | 83.9% | 250.9% | −109.1% | −150.1% | 331.9% | 113.0% | 126.9% | −8.1% |
| 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 | 63 | 80 | 85 | 81 | 66 | 75 | 99 | 72 | 61 | 63 | 52 | 73 |
| Inventory days | 27 | 48 | 39 | 32 | 17 | 12 | 38 | 34 | 17 | 17 | 25 | 33 |
| Days payable | 0 | 3 | 2 | 0 | 2 | 1 | 1 | 1 | 1 | 1 | 4 | 3 |
| Cash conversion cycle | 89 | 125 | 121 | 112 | 80 | 85 | 136 | 104 | 77 | 79 | 71 | 101 |
| Working capital days | 33 | 37 | 65 | 63 | 51 | 63 | 85 | 78 | 68 | 61 | 63 | 71 |
| ROCE % | 11.1% | 10.1% | 12.1% | 10.0% | 13.0% | 12.1% | 9.0% | 9.0% | 9.1% | 8.0% | 13.1% | 7.0% |
For the Mar 2026 quarter, Metal Coatings (India) reported sales of ₹36.62 Cr, down 10.0% year on year and net profit of ₹0.12 Cr, down 91.0% year on year. The operating margin was 1.3%.
Metal Coatings (India)'s sales for the year to Mar 2026 were ₹147 Cr; over the last twelve months they were ₹149 Cr.
Net profit for the year to Mar 2026 was ₹1.99 Cr, and ₹2.36 Cr over the last twelve months. Earnings per share over the same trailing period were ₹3.24.
Metal Coatings (India) reported borrowings of ₹4.01 Cr at Mar 2026, against cash and equivalents of ₹0.27 Cr.
Cash from operations was −₹0.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹1.01 Cr.