Retina Paints (BSE 543902)₹26.00+0.89%Paints
In the Mar 2026 quarter (standalone), Retina Paints reported sales of ₹15.70 Cr, up 6.4% from Mar 2025, and net profit of ₹0.45 Cr, down 53.1% year on year. For the year to Mar 2026, sales were ₹23.68 Cr and net profit ₹0.65 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 | 5.91 | 5.15 | 6.49 | 5.82 | 14.76 | 7.99 | 15.70 |
| Expenses | 5.76 | 6.90 | 8.46 | 4.83 | 13.05 | 6.92 | 14.08 |
| Operating Profit | 0.18 | −1.73 | −1.94 | 1.03 | 1.80 | 1.11 | 1.72 |
| OPM % | 2.9% | −33.4% | −29.8% | 17.5% | 12.0% | 13.7% | 10.8% |
| Other Income | 0.28 | 0.10 | 5.54 | 0.12 | 0.24 | 0.00 | 0.09 |
| Interest | 0.03 | 0.30 | 0.41 | 0.48 | 0.47 | 0.57 | 0.84 |
| Depreciation | 0.27 | 0.38 | −0.08 | 0.20 | 0.23 | 0.28 | 0.32 |
| Profit before tax | 0.17 | −2.26 | 3.29 | 0.48 | 1.35 | 0.27 | 0.66 |
| Tax % | 27.7% | −5.3% | 12.7% | 26.5% | 30.1% | 32.1% | 35.8% |
| Net Profit | 0.14 | −2.16 | 2.90 | 0.36 | 0.96 | 0.21 | 0.45 |
| EPS (Rs) | 0.12 | −1.53 | 2.06 | 0.24 | 0.61 | 0.12 | 0.28 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 6.03 | 6.12 | 6.55 | 10.02 | 11.64 | 20.56 | 23.68 |
| Expenses | 5.71 | 5.64 | 6.00 | 9.24 | 15.30 | 17.72 | 21.00 |
| Operating Profit | 0.36 | 0.52 | 0.59 | 0.83 | −3.59 | 2.97 | 2.82 |
| OPM % | 5.8% | 8.3% | 8.8% | 8.1% | −30.8% | 14.3% | 11.7% |
| Other Income | −0.01 | 0.00 | 0.08 | 0.29 | 5.65 | 0.38 | 0.11 |
| Interest | 0.19 | 0.37 | 0.35 | 0.41 | 0.77 | 1.10 | 1.40 |
| Depreciation | 0.08 | 0.07 | 0.11 | 0.32 | 0.31 | 0.42 | 0.59 |
| Profit before tax | 0.07 | 0.08 | 0.22 | 0.40 | 1.02 | 1.84 | 0.95 |
| Tax % | 37.5% | 44.5% | 34.8% | 26.8% | 29.1% | 29.7% | 34.4% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.06 | 0.06 | 0.17 | 0.31 | 0.75 | 1.31 | 0.65 |
| EPS (Rs) | 0.68 | 0.68 | 0.85 | 0.28 | 0.52 | 0.84 | 0.41 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.71 | 0.71 | 1.84 | 10.22 | 13.90 | 15.29 | 15.30 |
| Reserves | 0.20 | 0.24 | 0.53 | 2.25 | 8.18 | 18.81 | 19.46 |
| Borrowings | 3.20 | 6.15 | 5.89 | 4.30 | 6.90 | 9.85 | 18.40 |
| Other Liabilities | 2.59 | 2.76 | 3.35 | 3.30 | 5.44 | 10.04 | 9.82 |
| Total Liabilities | 6.70 | 9.86 | 11.61 | 20.07 | 34.42 | 53.99 | 62.98 |
| Fixed Assets | 0.28 | 0.51 | 1.86 | 9.61 | 11.57 | 12.63 | 15.32 |
| CWIP | 0.23 | 2.55 | 1.89 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.19 | 0.19 |
| Other Assets | 6.19 | 6.80 | 7.86 | 10.46 | 22.85 | 41.17 | 47.47 |
| Inventories | 2.27 | 2.58 | 3.30 | 3.84 | 6.89 | 5.73 | 11.63 |
| Trade receivables | 2.85 | 3.68 | 3.68 | 4.16 | 11.38 | 23.61 | 23.01 |
| Cash & equivalents | 0.13 | 0.07 | 0.23 | 0.35 | 0.35 | 0.31 | 0.88 |
| Total Assets | 6.70 | 9.86 | 11.61 | 20.07 | 34.42 | 53.99 | 62.98 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | −1.46 | −2.50 | −0.26 | −1.25 | −8.56 | −10.78 | −4.25 |
| Cash from investing activity | −0.21 | −0.28 | −0.12 | −6.17 | −2.08 | −1.51 | −3.27 |
| Cash from financing activity | 1.61 | 2.73 | 0.53 | 7.55 | 10.66 | 12.25 | 8.07 |
| Net cash flow | −0.03 | −0.07 | 0.16 | 0.14 | −0.02 | −0.04 | 0.58 |
| Capex | 0.20 | 0.31 | 0.12 | 6.15 | 2.24 | 1.45 | 3.25 |
| Free cash flow | −1.65 | −2.80 | −0.37 | −7.40 | −10.77 | −12.21 | −7.49 |
| CFO / OP % | −406.0% | −484.0% | −29.0% | −143.0% | 237.0% | −357.0% | −136.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 174 | 221 | 206 | 153 | 358 | 420 | 355 |
| Inventory days | 244 | 249 | 294 | 226 | 464 | 232 | 440 |
| Days payable | 208 | 201 | 211 | 150 | 230 | 202 | 143 |
| Cash conversion cycle | 206 | 266 | 286 | 226 | 588 | 446 | 649 |
| Working capital days | 124 | 136 | 133 | 170 | 399 | 418 | 410 |
| ROCE % | — | 8.0% | 7.4% | 6.5% | 7.8% | 8.0% | 4.9% |
For the Mar 2026 quarter, Retina Paints reported sales of ₹15.70 Cr, up 6.4% year on year and net profit of ₹0.45 Cr, down 53.1% year on year. The operating margin was 10.8%.
Retina Paints' sales for the year to Mar 2026 were ₹23.68 Cr.
Net profit for the year to Mar 2026 was ₹0.65 Cr. Earnings per share over the same trailing period were ₹0.41.
Retina Paints reported borrowings of ₹18.40 Cr at Mar 2026, against cash and equivalents of ₹0.88 Cr.
Cash from operations was −₹4.25 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹7.49 Cr.