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Associated Coaters (BSE 544183)₹84.05−1.13%Other Industrial Products
In the Mar 2026 quarter (standalone), Associated Coaters reported sales of ₹5.15 Cr, up 38.1% from Mar 2025, and net profit of ₹0.62 Cr, down 11.4% year on year. For the year to Mar 2026, sales were ₹8.25 Cr and net profit ₹1.16 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 2.20 | 3.73 | 3.09 | 5.15 |
| Expenses | 1.61 | 2.63 | 2.38 | 4.24 |
| Operating Profit | 0.60 | 1.11 | 0.72 | 0.92 |
| OPM % | 26.6% | 29.4% | 22.9% | 17.6% |
| Other Income | 0.02 | 0.02 | 0.06 | 0.07 |
| Interest | 0.02 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.08 | 0.20 | 0.12 | 0.13 |
| Profit before tax | 0.51 | 0.91 | 0.64 | 0.84 |
| Tax % | 21.1% | 23.9% | 26.1% | 28.2% |
| Net Profit | 0.41 | 0.70 | 0.49 | 0.62 |
| EPS (Rs) | 2.95 | 5.09 | 3.54 | 4.50 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 1.38 | 3.58 | 5.37 | 5.95 | 8.25 |
| Expenses | 1.16 | 2.75 | 3.86 | 4.24 | 6.62 |
| Operating Profit | 0.23 | 0.84 | 1.52 | 1.72 | 1.64 |
| OPM % | 15.8% | 23.1% | 28.0% | 28.6% | 19.7% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 |
| Interest | 0.00 | 0.02 | 0.02 | 0.02 | 0.00 |
| Depreciation | 0.05 | 0.09 | 0.16 | 0.27 | 0.24 |
| Profit before tax | 0.17 | 0.73 | 1.34 | 1.43 | 1.49 |
| Tax % | 27.7% | 25.6% | 25.1% | 25.7% | 22.6% |
| Net Profit | 0.15 | 0.56 | 1.02 | 1.07 | 1.16 |
| EPS (Rs) | 46.51 | 182.82 | 10.83 | 7.82 | 8.48 |
| Dividend payout % | 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 | 0.03 | 0.02 | 0.02 | 0.02 | 0.92 | 1.34 | 1.34 |
| Reserves | 0.00 | 0.00 | 0.12 | 0.67 | 0.72 | 5.43 | 6.46 |
| Borrowings | 0.00 | 0.00 | 0.09 | 0.65 | 0.34 | 0.09 | 0.09 |
| Other Liabilities | 0.01 | 0.02 | 1.77 | 1.60 | 2.52 | 2.48 | 2.50 |
| Total Liabilities | 0.04 | 0.04 | 2.00 | 2.94 | 4.50 | 9.34 | 10.39 |
| Fixed Assets | 0.00 | 0.00 | 0.51 | 0.47 | 0.84 | 2.14 | 2.62 |
| CWIP | 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 | 1.63 |
| Other Assets | 0.04 | 0.04 | 1.49 | 2.47 | 3.66 | 7.20 | 6.14 |
| Inventories | 0.00 | 0.00 | 0.04 | 0.05 | 0.21 | 0.39 | 0.41 |
| Trade receivables | 0.00 | 0.00 | 1.37 | 1.52 | 2.54 | 3.68 | 3.81 |
| Cash & equivalents | 0.02 | 0.02 | 0.07 | 0.66 | 0.55 | 2.69 | 1.52 |
| Total Assets | 0.04 | 0.04 | 2.00 | 2.94 | 4.50 | 9.34 | 10.39 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | 0.51 | 0.62 | 0.79 | −0.08 | 1.67 |
| Cash from investing activity | −0.55 | −0.02 | −0.53 | −1.55 | −0.71 |
| Cash from financing activity | 0.11 | −0.02 | −0.38 | 3.81 | 0.00 |
| Net cash flow | 0.04 | 0.58 | −0.10 | 2.13 | 0.95 |
| Capex | 0.55 | 0.02 | 0.51 | 1.55 | 0.71 |
| Free cash flow | −0.03 | 0.59 | 0.27 | −1.64 | 0.95 |
| CFO / OP % | 236.1% | 82.1% | 66.0% | 18.1% | 101.1% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | — | 356 | 153 | 171 | 224 | 167 |
| Inventory days | — | 11 | 8 | 27 | 53 | 31 |
| Days payable | — | 345 | 209 | 215 | 211 | 130 |
| Cash conversion cycle | — | 25 | −45 | −14 | 69 | 71 |
| Working capital days | — | −87 | 22 | 40 | 122 | 91 |
| ROCE % | 0.0% | 128.5% | 91.9% | 80.4% | 32.5% | 20.2% |
For the Mar 2026 quarter, Associated Coaters reported sales of ₹5.15 Cr, up 38.1% year on year and net profit of ₹0.62 Cr, down 11.4% year on year. The operating margin was 17.6%.
Associated Coaters' sales for the year to Mar 2026 were ₹8.25 Cr.
Net profit for the year to Mar 2026 was ₹1.16 Cr. Earnings per share over the same trailing period were ₹8.48.
Associated Coaters reported borrowings of ₹0.09 Cr at Mar 2026, against cash and equivalents of ₹1.52 Cr.
Cash from operations was ₹1.67 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹0.95 Cr.