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Mehul Colours (BSE 544472)₹45.10−6.02%Specialty Chemicals
In the Mar 2026 quarter (standalone), Mehul Colours reported sales of ₹16.12 Cr, up 34.7% from Mar 2025, and net profit of ₹1.94 Cr, down 34.0% year on year. For the year to Mar 2026, sales were ₹30.28 Cr and net profit ₹5.23 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 10.76 | 11.97 | 14.15 | 16.12 |
| Expenses | 7.63 | 8.24 | 9.94 | 14.34 |
| Operating Profit | 3.17 | 3.75 | 4.24 | 1.81 |
| OPM % | 29.3% | 31.1% | 29.8% | 11.1% |
| Other Income | 0.43 | 0.44 | 0.37 | 1.02 |
| Interest | 0.01 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.18 | 0.19 | 0.17 | 0.24 |
| Profit before tax | 3.40 | 3.99 | 4.43 | 2.58 |
| Tax % | 24.9% | 26.3% | 25.9% | 25.4% |
| Net Profit | 2.57 | 2.94 | 3.30 | 1.94 |
| EPS (Rs) | — | 3.90 | 3.11 | 1.82 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 20.19 | 21.10 | 21.87 | 22.74 | 30.28 |
| Expenses | 18.06 | 16.88 | 17.81 | 15.77 | 24.29 |
| Operating Profit | 2.14 | 4.24 | 4.08 | 7.00 | 6.04 |
| OPM % | 10.5% | 20.0% | 18.5% | 30.6% | 19.8% |
| Other Income | 0.10 | 0.15 | 0.65 | 0.80 | 1.40 |
| Interest | 0.07 | 0.05 | 0.07 | 0.04 | 0.01 |
| Depreciation | 0.25 | 0.24 | 0.33 | 0.36 | 0.39 |
| Profit before tax | 1.93 | 4.09 | 4.34 | 7.38 | 7.02 |
| Tax % | 25.3% | 28.3% | 26.0% | 25.7% | 25.7% |
| Exceptional items | 0.00 | −0.01 | 0.04 | 0.01 | 0.00 |
| Net Profit | 1.46 | 2.95 | 3.23 | 5.49 | 5.23 |
| EPS (Rs) | — | — | — | 7.27 | 4.93 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.28 | 0.28 | 0.28 | 7.52 | 10.52 |
| Reserves | 5.12 | 8.04 | 11.25 | 9.49 | 30.64 |
| Borrowings | 0.36 | 0.00 | 0.35 | 0.00 | 1.96 |
| Other Liabilities | 3.73 | 2.77 | 1.94 | 1.89 | 1.96 |
| Total Liabilities | 9.49 | 11.09 | 13.82 | 18.90 | 45.08 |
| Fixed Assets | 0.81 | 0.92 | 1.30 | 2.02 | 3.94 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 3.08 | 4.42 | 6.38 | 12.46 |
| Other Assets | 8.68 | 7.09 | 8.10 | 10.50 | 28.68 |
| Inventories | 1.06 | 1.47 | 1.85 | 2.09 | 2.35 |
| Trade receivables | 6.81 | 3.90 | 3.40 | 5.57 | 7.99 |
| Cash & equivalents | 0.08 | 1.07 | 2.08 | 1.30 | 14.37 |
| Total Assets | 9.49 | 11.09 | 13.82 | 18.90 | 45.08 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | 0.08 | 4.70 | 2.10 | 1.92 | −0.18 |
| Cash from investing activity | −0.08 | −3.30 | −1.43 | −2.31 | −7.74 |
| Cash from financing activity | 0.03 | −0.42 | 0.34 | −0.40 | 20.96 |
| Net cash flow | 0.01 | 0.98 | 1.00 | −0.77 | 12.99 |
| Capex | 0.10 | 0.34 | 0.70 | 0.98 | 2.21 |
| Free cash flow | −0.01 | 4.33 | 1.51 | 0.91 | −2.36 |
| CFO / OP % | 31.0% | 134.9% | 81.9% | 53.9% | 20.9% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor days | 121 | 66 | 55 | 88 | 95 |
| Inventory days | 28 | 47 | 55 | 77 | 49 |
| Days payable | 59 | 43 | 25 | 10 | 11 |
| Cash conversion cycle | 89 | 69 | 84 | 153 | 131 |
| Working capital days | 78 | 52 | 59 | 105 | 159 |
| ROCE % | — | 59.2% | 42.8% | 51.3% | 23.5% |
For the Mar 2026 quarter, Mehul Colours reported sales of ₹16.12 Cr, up 34.7% year on year and net profit of ₹1.94 Cr, down 34.0% year on year. The operating margin was 11.1%.
Mehul Colours' sales for the year to Mar 2026 were ₹30.28 Cr.
Net profit for the year to Mar 2026 was ₹5.23 Cr. Earnings per share over the same trailing period were ₹4.93.
Mehul Colours reported borrowings of ₹1.96 Cr at Mar 2026, against cash and equivalents of ₹14.37 Cr.
Cash from operations was −₹0.18 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹2.36 Cr.