Sprayking (BSE 540079)₹1.11−2.63%Other Industrial Products
In the Sep 2026 quarter (consolidated), Sprayking reported sales of ₹21.93 Cr, up 11.5% from Sep 2025, and net profit of ₹0.26 Cr, down 93.6% year on year. For the year to Mar 2026, sales were ₹132 Cr and net profit ₹3.99 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32.68 | 20.18 | 35.85 | 28.26 | 35.60 | 28.17 | 22.27 | 19.67 | 42.49 | 44.77 | 16.95 | 21.93 |
| Expenses | 26.82 | 16.93 | 31.35 | 25.64 | 34.43 | 25.95 | 20.62 | 14.01 | 41.37 | 44.47 | 15.64 | 20.08 |
| Operating Profit | 5.77 | 3.22 | 4.40 | 2.56 | 1.07 | 2.16 | 1.61 | 5.64 | 1.00 | 0.14 | 1.27 | 1.81 |
| OPM % | 17.7% | 15.9% | 12.3% | 9.1% | 3.0% | 7.7% | 7.2% | 28.7% | 2.3% | 0.3% | 7.5% | 8.3% |
| Other Income | 0.07 | 0.17 | 0.04 | 0.12 | 2.86 | 1.22 | 0.12 | 0.97 | 0.65 | 0.70 | 0.10 | 0.09 |
| Interest | 0.29 | 0.65 | 0.44 | 0.68 | 0.49 | 0.63 | 0.69 | 0.86 | 0.74 | 0.76 | 0.64 | 0.69 |
| Depreciation | 0.45 | 0.71 | 0.70 | 0.69 | 0.82 | 0.35 | 0.75 | 0.73 | 0.73 | 0.99 | 0.77 | 0.80 |
| Profit before tax | 5.11 | 2.02 | 3.29 | 1.30 | 2.63 | 2.39 | 0.30 | 5.03 | 0.19 | −0.92 | −0.05 | 0.42 |
| Tax % | 34.0% | 12.9% | 28.8% | 30.5% | 26.0% | 13.3% | −127.5% | 18.4% | 333.4% | −57.1% | 200.1% | 34.2% |
| Net Profit | 3.36 | 1.76 | 2.34 | 0.90 | 1.93 | 2.07 | 0.64 | 4.09 | −0.42 | −0.39 | −0.12 | 0.26 |
| EPS (Rs) | 0.17 | 0.06 | 0.08 | 0.04 | 0.10 | 0.07 | 0.04 | 0.20 | −0.03 | −0.12 | 0.00 | 0.02 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 18.99 | 102 | 131 | 132 | 126 |
| Expenses | 16.97 | 85.82 | 118 | 121 | 122 |
| Operating Profit | 3.01 | 15.02 | 14.01 | 11.02 | 4.22 |
| OPM % | 13.0% | 15.0% | 10.0% | 8.0% | 3.4% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 1.54 |
| Interest | 0.00 | 1.01 | 2.01 | 3.01 | 2.83 |
| Depreciation | 0.00 | 1.99 | 1.99 | 2.99 | 3.29 |
| Profit before tax | 1.99 | 11.99 | 9.99 | 5.01 | −0.36 |
| Tax % | 27.1% | 28.0% | 25.0% | 14.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 1.99 | 8.98 | 6.99 | 3.99 | −0.67 |
| EPS (Rs) | 0.09 | 0.43 | 0.35 | 0.10 | −0.13 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 11.02 | 21.03 | 21.04 |
| Reserves | 19.04 | 11.01 | 37.01 |
| Borrowings | 34.02 | 47.02 | 24.00 |
| Other Liabilities | 33.16 | 27.13 | 37.18 |
| Total Liabilities | 97.24 | 105 | 119 |
| Fixed Assets | 16.97 | 25.97 | 28.97 |
| CWIP | 0.00 | 0.00 | 0.00 |
| Investments | 1.01 | 1.01 | 1.01 |
| Other Assets | 79.26 | 78.21 | 89.25 |
| Inventories | 26.84 | 28.08 | 42.93 |
| Trade receivables | 9.68 | 20.78 | 16.29 |
| Cash & equivalents | 3.42 | 0.03 | 0.09 |
| Total Assets | 97.24 | 105 | 119 |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from operating activity | −20.02 | −11.01 | −9.01 |
| Cash from investing activity | −8.01 | −13.01 | −4.01 |
| Cash from financing activity | 32.08 | 21.03 | 13.02 |
| Net cash flow | 3.01 | −3.01 | 0.00 |
| Capex | 6.71 | 11.35 | 5.86 |
| Free cash flow | −27.03 | −22.05 | −14.03 |
| CFO / OP % | −110.0% | −67.0% | −73.0% |
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor days | 35 | 58 | 45 |
| Inventory days | 123 | 94 | 140 |
| Days payable | 71 | 40 | 25 |
| Cash conversion cycle | 86 | 111 | 159 |
| Working capital days | 58 | 49 | 166 |
| ROCE % | — | 16.0% | 8.1% |
For the Sep 2026 quarter, Sprayking reported sales of ₹21.93 Cr, up 11.5% year on year and net profit of ₹0.26 Cr, down 93.6% year on year. The operating margin was 8.3%.
Sprayking's sales for the year to Mar 2026 were ₹132 Cr; over the last twelve months they were ₹126 Cr.
Net profit for the year to Mar 2026 was ₹3.99 Cr, and −₹0.67 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−0.13.
Sprayking reported borrowings of ₹24 Cr at Mar 2026, against cash and equivalents of ₹0.09 Cr.
Cash from operations was −₹9.01 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹14.03 Cr.