Bindal Exports (BSE 540148)₹27.800.00%Gems, Jewellery And Watches
In the Mar 2026 quarter (standalone), Bindal Exports reported sales of ₹9.72 Cr, down 23.0% from Mar 2025, and net profit of ₹0.03 Cr. For the year to Mar 2026, sales were ₹22.44 Cr and net profit ₹0.27 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 18.65 | 17.27 | 12.91 | 14.33 | 12.63 | 12.73 | 9.72 |
| Expenses | 18.09 | 16.82 | 12.47 | 13.90 | 12.22 | 12.34 | 9.56 |
| Operating Profit | 0.53 | 0.45 | 0.43 | 0.43 | 0.39 | 0.38 | 0.15 |
| OPM % | 2.8% | 2.5% | 3.2% | 2.9% | 3.0% | 2.9% | 1.4% |
| Other Income | 0.00 | 0.00 | 0.18 | 0.06 | −1.36 | 0.00 | 0.00 |
| Interest | 0.24 | 0.25 | 0.32 | 0.16 | 0.09 | 0.00 | 0.00 |
| Depreciation | 0.01 | 0.01 | 0.03 | 0.04 | 0.04 | 0.07 | 0.07 |
| Profit before tax | 0.24 | 0.15 | 0.21 | 0.24 | −1.11 | 0.27 | 0.04 |
| Tax % | 0.0% | 25.1% | 9.2% | 12.1% | 7.2% | 10.8% | 40.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | −1.26 | 0.00 | 0.00 |
| Net Profit | 0.23 | 0.12 | 0.19 | 0.21 | −1.19 | 0.23 | 0.03 |
| EPS (Rs) | 0.51 | 0.27 | 0.42 | 0.47 | −2.60 | 0.51 | 0.08 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 27.62 | 24.62 | 27.22 | 35.19 | 32.18 | 34.53 | 23.25 | 37.38 | 40.59 | 30.19 | 26.98 | 22.44 |
| Expenses | 26.33 | 23.40 | 26.06 | 34.10 | 31.17 | 33.49 | 22.37 | 36.41 | 39.55 | 29.28 | 26.12 | 21.90 |
| Operating Profit | 1.28 | 1.21 | 1.14 | 1.04 | 0.99 | 0.97 | 0.84 | 0.91 | 0.96 | 0.88 | 0.81 | 0.52 |
| OPM % | 4.6% | 4.8% | 4.1% | 2.9% | 3.0% | 2.8% | 3.6% | 2.4% | 2.3% | 2.9% | 3.0% | 2.3% |
| Other Income | 0.25 | 0.00 | 0.00 | 0.08 | 0.11 | 0.08 | 0.02 | 0.00 | 0.00 | 0.18 | −1.31 | 0.00 |
| Interest | 1.21 | 0.91 | 0.78 | 0.79 | 0.82 | 0.82 | 0.52 | 0.44 | 0.45 | 0.58 | 0.26 | 0.01 |
| Depreciation | 0.28 | 0.15 | 0.09 | 0.05 | 0.05 | 0.02 | 0.02 | 0.02 | 0.03 | 0.05 | 0.09 | 0.15 |
| Profit before tax | 0.00 | 0.11 | 0.23 | 0.23 | 0.18 | 0.16 | 0.27 | 0.41 | 0.44 | 0.38 | −0.86 | 0.32 |
| Tax % | — | 50.1% | 41.7% | 37.5% | 52.7% | −11.7% | 25.1% | 19.1% | 9.0% | 15.5% | 12.7% | 15.2% |
| Exceptional items | −0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.02 | −1.34 | 0.00 |
| Net Profit | 0.00 | 0.04 | 0.13 | 0.13 | 0.08 | 0.18 | 0.20 | 0.33 | 0.41 | 0.31 | −0.98 | 0.27 |
| EPS (Rs) | 0.04 | 0.24 | 0.29 | 0.29 | 0.19 | 0.40 | 0.45 | 0.73 | 0.90 | 0.69 | −2.14 | 0.60 |
| Dividend payout % | 0.0% | 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 | 1.97 | 1.98 | 4.61 | 4.61 | 4.61 | 4.61 | 4.60 | 4.61 | 4.61 | 4.61 | 4.60 | 4.60 |
| Reserves | 4.26 | 4.35 | 3.46 | 3.60 | 3.91 | 4.07 | 4.28 | 4.64 | 5.04 | 5.35 | 4.35 | 4.63 |
| Borrowings | 9.55 | 8.87 | 7.96 | 8.77 | 8.27 | 7.66 | 1.35 | 6.07 | 4.94 | 4.07 | 0.00 | 0.00 |
| Other Liabilities | 3.85 | 2.47 | 5.18 | 6.01 | 4.11 | 4.55 | 3.10 | 6.00 | 5.31 | 2.81 | 1.84 | 2.64 |
| Total Liabilities | 19.63 | 17.67 | 21.21 | 22.99 | 20.90 | 20.89 | 13.33 | 21.32 | 19.90 | 16.84 | 10.79 | 11.87 |
| Fixed Assets | 1.64 | 1.51 | 1.41 | 1.37 | 1.46 | 1.43 | 1.64 | 1.61 | 1.74 | 3.94 | 0.66 | 0.63 |
| 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 | 0.05 | 0.07 | 0.09 | 0.11 | 0.14 | 0.00 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 0.79 |
| Other Assets | 17.94 | 16.09 | 19.71 | 21.51 | 19.30 | 19.46 | 11.67 | 19.69 | 18.14 | 12.90 | 10.13 | 10.45 |
| Inventories | 6.72 | 7.47 | 7.65 | 5.02 | 4.45 | 5.64 | 3.55 | 4.65 | 3.84 | 5.11 | 2.02 | 3.76 |
| Trade receivables | 9.00 | 4.84 | 10.69 | 15.53 | 14.15 | 11.81 | 6.61 | 13.20 | 12.28 | 4.90 | 5.18 | 3.63 |
| Cash & equivalents | 0.28 | 0.10 | 0.12 | 0.30 | 0.10 | 0.26 | 0.84 | 0.11 | 0.05 | 0.04 | 0.60 | 1.35 |
| Total Assets | 19.63 | 17.67 | 21.21 | 22.99 | 20.90 | 20.89 | 13.33 | 21.32 | 19.90 | 16.84 | 10.79 | 11.87 |
| 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 | 3.52 | 1.11 | −0.29 | 0.08 | 1.09 | 1.36 | 7.67 | −5.63 | 2.18 | 3.77 | 3.10 | 1.71 |
| Cash from investing activity | −0.11 | −0.06 | −0.03 | −0.04 | −0.19 | 0.15 | −0.25 | 0.57 | −0.21 | −2.21 | 1.83 | −0.93 |
| Cash from financing activity | −3.22 | −1.24 | 0.33 | 0.14 | −1.10 | −1.35 | −6.81 | 4.32 | −2.02 | −1.58 | −4.37 | −0.03 |
| Net cash flow | 0.20 | −0.19 | 0.03 | 0.18 | −0.20 | 0.16 | 0.60 | −0.74 | −0.05 | −0.03 | 0.57 | 0.76 |
| Capex | 0.07 | 0.02 | 0.00 | 0.01 | 0.15 | 0.00 | 0.25 | 0.00 | 0.16 | 2.25 | 0.77 | 0.16 |
| Free cash flow | 3.41 | 1.06 | −0.27 | 0.06 | 0.91 | 1.34 | 7.39 | −5.60 | 2.00 | 1.48 | 4.90 | 1.57 |
| CFO / OP % | 281.0% | 97.0% | −16.0% | 16.0% | 116.0% | 144.0% | 928.0% | −614.0% | 228.0% | 438.0% | 400.0% | 345.0% |
| 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 | 118 | 70 | 142 | 160 | 159 | 124 | 102 | 127 | 109 | 58 | 69 | 58 |
| Inventory days | 124 | 174 | 146 | 69 | 72 | 88 | 84 | 68 | 53 | 98 | 52 | 149 |
| Days payable | 59 | 41 | 88 | 78 | 62 | 62 | 65 | 60 | 56 | 38 | 31 | 83 |
| Cash conversion cycle | 185 | 206 | 203 | 152 | 172 | 151 | 123 | 137 | 108 | 120 | 92 | 126 |
| Working capital days | 71 | 73 | 78 | 64 | 75 | 64 | 96 | 75 | 68 | 56 | 93 | 101 |
| ROCE % | 7.4% | 6.7% | 6.6% | 6.2% | 6.0% | 5.6% | 6.0% | 6.8% | 6.1% | 6.6% | 6.5% | 3.8% |
For the Mar 2026 quarter, Bindal Exports reported sales of ₹9.72 Cr, down 23.0% year on year and net profit of ₹0.03 Cr. The operating margin was 1.4%.
Bindal Exports' sales for the year to Mar 2026 were ₹22.44 Cr.
Net profit for the year to Mar 2026 was ₹0.27 Cr. Earnings per share over the same trailing period were ₹0.60.
Bindal Exports reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹1.35 Cr.
Cash from operations was ₹1.71 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹1.57 Cr.