Comrade Appliances (BSE 543921)₹40.52+1.99%Consumer Electronics
In the Mar 2026 quarter (standalone), Comrade Appliances reported sales of ₹15.28 Cr, down 62.3% from Mar 2025, and net profit of −₹2.50 Cr, down 206.4% year on year. For the year to Mar 2026, sales were ₹30.15 Cr and net profit −₹9.49 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 9.96 | 19.06 | 16.84 | 40.55 | 14.87 | 15.28 |
| Expenses | 12.36 | 13.25 | 18.08 | 34.25 | 18.02 | 15.27 |
| Operating Profit | −2.41 | 5.84 | −1.26 | 6.30 | −3.16 | 0.02 |
| OPM % | −24.2% | 30.5% | −7.5% | 15.5% | −21.3% | 0.1% |
| Other Income | 0.02 | 0.07 | 0.06 | 0.02 | 0.03 | 0.02 |
| Interest | 0.60 | 0.97 | 0.85 | 1.07 | 1.51 | 0.00 |
| Depreciation | 0.43 | 0.64 | 0.85 | 1.73 | 2.24 | 2.29 |
| Profit before tax | −3.43 | 4.28 | −2.91 | 3.50 | −6.90 | −2.27 |
| Tax % | −25.2% | 27.8% | −37.7% | 32.9% | 1.2% | 10.1% |
| Net Profit | −2.57 | 3.09 | −1.82 | 2.35 | −6.99 | −2.50 |
| EPS (Rs) | −3.41 | 4.11 | −2.35 | 3.02 | −9.00 | −3.21 |
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 0.59 | 21.65 | 26.01 | 29.56 | 26.89 | 28.93 | 57.38 | 30.15 |
| Expenses | 0.50 | 20.38 | 24.10 | 26.65 | 22.42 | 25.46 | 52.12 | 34.83 |
| Operating Profit | 0.10 | 1.30 | 1.92 | 2.93 | 4.51 | 3.51 | 5.25 | −4.69 |
| OPM % | 15.5% | 6.0% | 7.4% | 9.9% | 16.7% | 12.1% | 9.1% | −15.6% |
| Other Income | 0.00 | 0.00 | 0.02 | 0.06 | 0.02 | 0.10 | 0.10 | 0.07 |
| Interest | 0.01 | 0.35 | 1.12 | 1.41 | 1.42 | 1.66 | 2.15 | 0.00 |
| Depreciation | 0.05 | 0.41 | 0.52 | 1.24 | 0.87 | 1.07 | 2.59 | 4.53 |
| Profit before tax | 0.03 | 0.52 | 0.29 | 0.33 | 2.23 | 0.87 | 0.60 | −9.17 |
| Tax % | 0.0% | 17.6% | 32.1% | 46.8% | 26.5% | 38.3% | 10.1% | 3.4% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.03 | 0.43 | 0.21 | 0.17 | 1.65 | 0.54 | 0.54 | −9.49 |
| EPS (Rs) | 0.12 | 1.27 | 0.61 | 0.32 | 3.13 | 0.71 | 0.69 | −12.21 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.84 | 3.31 | 3.31 | 5.16 | 5.23 | 7.51 | 7.76 | 7.77 |
| Reserves | 0.02 | −0.40 | 1.32 | 1.20 | 1.64 | 9.39 | 14.88 | 5.42 |
| Borrowings | 1.46 | 4.02 | 14.14 | 11.15 | 13.51 | 13.93 | 26.86 | 16.29 |
| Other Liabilities | 0.53 | 9.83 | 12.59 | 8.97 | 7.11 | 9.02 | 23.85 | 35.11 |
| Total Liabilities | 3.85 | 16.76 | 31.36 | 26.48 | 27.49 | 39.85 | 73.35 | 64.59 |
| Fixed Assets | 1.88 | 2.69 | 4.94 | 5.58 | 4.41 | 6.01 | 23.69 | 23.77 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 1.97 | 14.07 | 26.42 | 20.90 | 23.08 | 33.84 | 49.66 | 40.82 |
| Inventories | 0.75 | 6.70 | 14.14 | 12.43 | 15.87 | 19.04 | 28.79 | 23.56 |
| Trade receivables | 0.24 | 5.24 | 8.88 | 6.80 | 5.34 | 8.28 | 11.88 | 0.00 |
| Cash & equivalents | 0.02 | 0.05 | 0.36 | 0.24 | 0.59 | 0.67 | 1.11 | 1.21 |
| Total Assets | 3.85 | 16.76 | 31.36 | 26.48 | 27.49 | 39.85 | 73.35 | 64.59 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −0.52 | — | 1.44 | −1.70 | 4.89 | −0.15 | −5.98 | 4.55 | −5.23 |
| Cash from investing activity | −1.99 | — | −1.15 | −3.46 | −0.37 | −0.93 | −2.62 | −20.23 | −4.51 |
| Cash from financing activity | 2.56 | — | −0.23 | 5.48 | −4.27 | 1.43 | 8.68 | 13.70 | 9.85 |
| Net cash flow | 0.04 | — | 0.06 | 0.32 | 0.25 | 0.35 | 0.09 | −2.03 | 0.11 |
| Capex | 1.95 | 1.07 | 1.17 | 3.55 | 0.39 | 0.97 | 2.71 | 20.41 | 4.61 |
| Free cash flow | −2.46 | — | 0.28 | −5.16 | 4.50 | −1.11 | −8.66 | −15.72 | −9.80 |
| CFO / OP % | −589.1% | — | 118.0% | −85.1% | 173.0% | 9.0% | −171.1% | 91.0% | 112.0% |
| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor days | 145 | 88 | 124 | 84 | 72 | 104 | 75 | 0 |
| Inventory days | 678 | 140 | 244 | 212 | 338 | 353 | 232 | 397 |
| Days payable | 444 | 126 | 147 | 107 | 109 | 139 | 175 | 196 |
| Cash conversion cycle | 376 | 100 | 219 | 187 | 300 | 316 | 131 | 200 |
| Working capital days | 404 | 39 | 71 | 46 | 48 | 149 | 57 | −75 |
| ROCE % | — | — | 10.8% | 9.6% | 19.2% | 9.8% | 6.8% | −23.3% |
For the Mar 2026 quarter, Comrade Appliances reported sales of ₹15.28 Cr, down 62.3% year on year and net profit of −₹2.50 Cr, down 206.4% year on year. The operating margin was 0.1%.
Comrade Appliances' sales for the year to Mar 2026 were ₹30.15 Cr.
Net profit for the year to Mar 2026 was −₹9.49 Cr. Earnings per share over the same trailing period were ₹−12.21.
Comrade Appliances reported borrowings of ₹16.29 Cr at Mar 2026, against cash and equivalents of ₹1.21 Cr.
Cash from operations was −₹5.23 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹9.80 Cr.