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Mahickra Chemicals (MAHICKRA)₹304.00−1.78%Dyes And Pigments
In the Mar 2026 quarter (consolidated), Mahickra Chemicals reported sales of ₹57.08 Cr, up 32.7% from Mar 2025, and net profit of ₹4.01 Cr, up 305.1% year on year. For the year to Mar 2026, sales were ₹106 Cr and net profit ₹5.01 Cr.
Company filings, consolidated accounts; latest reported quarter Mar 2026
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 49.05 | 37.03 | 35.02 | 45.02 | 43.01 | 49.05 | 57.08 |
| Expenses | 47.17 | 36.11 | 36.15 | 42.18 | 43.18 | 48.20 | 51.18 |
| Operating Profit | 1.99 | 1.99 | 0.00 | 1.99 | 0.00 | 0.99 | 5.98 |
| OPM % | 3.7% | 4.1% | −0.3% | 5.0% | 0.4% | 3.0% | 11.1% |
| Other Income | 1.01 | 0.00 | 2.01 | 0.00 | 2.01 | 1.01 | 0.00 |
| Interest | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1.99 | 0.99 | 0.99 | 1.99 | 1.99 | 0.99 | 5.97 |
| Tax % | 27.1% | 29.1% | 27.0% | 25.1% | 31.0% | 32.1% | 24.0% |
| Net Profit | 1.99 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 4.01 |
| EPS (Rs) | 2.08 | 0.59 | 0.72 | 1.67 | 1.46 | 1.13 | 4.34 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales | 102 | 103 | 72.05 | 88.01 | 106 |
| Expenses | 101 | 101 | 71.29 | 86.36 | 99.34 |
| Operating Profit | 1.99 | 1.99 | 0.99 | 1.99 | 7.98 |
| OPM % | 1.7% | 2.3% | 0.9% | 2.8% | 7.0% |
| Other Income | 4.01 | 4.01 | 2.01 | 3.01 | 1.01 |
| Interest | 1.01 | 1.01 | 1.01 | 1.01 | 2.01 |
| Depreciation | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 4.98 | 4.98 | 1.99 | 3.98 | 6.97 |
| Tax % | 28.1% | 28.1% | 29.0% | 28.0% | 25.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 2.99 | 2.99 | 0.99 | 2.99 | 5.01 |
| EPS (Rs) | 4.11 | 4.04 | 1.31 | 3.10 | 5.26 |
| Dividend payout % | 5.0% | 16.0% | 23.0% | 6.0% | 3.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 7.98 | 7.97 | 7.98 | 7.97 | 9.96 |
| Reserves | 22.03 | 24.00 | 25.02 | 27.98 | 56.92 |
| Borrowings | 9.97 | 9.97 | 12.97 | 14.96 | 15.96 |
| Other Liabilities | 24.88 | 20.90 | 13.93 | 16.92 | 13.93 |
| Total Liabilities | 64.86 | 62.84 | 60.90 | 67.83 | 96.77 |
| Fixed Assets | 1.99 | 3.99 | 4.99 | 4.99 | 4.99 |
| CWIP | 2.99 | 0.00 | 0.99 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 60.88 | 58.85 | 54.92 | 62.84 | 91.78 |
| Inventories | 17.49 | 19.01 | 23.23 | 31.61 | 36.69 |
| Trade receivables | 37.93 | 36.65 | 23.40 | 25.44 | 33.51 |
| Cash & equivalents | 0.03 | 0.04 | 0.01 | 0.06 | 16.44 |
| Total Assets | 64.86 | 62.84 | 60.90 | 67.83 | 96.77 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from operating activity | 3.01 | 2.01 | −1.01 | — | −8.01 |
| Cash from investing activity | −0.99 | −0.99 | −0.99 | — | −6.98 |
| Cash from financing activity | −2.01 | −1.01 | 2.01 | — | 25.05 |
| Net cash flow | 0.00 | 0.00 | 0.00 | — | 8.99 |
| Capex | 1.34 | 0.85 | 0.65 | 0.15 | 0.16 |
| Free cash flow | 1.99 | 0.99 | −1.99 | — | −7.98 |
| CFO / OP % | 259.0% | 149.9% | −75.1% | — | −84.1% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor days | 136 | 130 | 119 | 106 | 115 |
| Inventory days | 71 | 77 | 142 | 149 | 144 |
| Days payable | 98 | 77 | 72 | 73 | 51 |
| Cash conversion cycle | 111 | 133 | 191 | 183 | 211 |
| Working capital days | 92 | 99 | 139 | 120 | 151 |
| ROCE % | — | 14.0% | 6.0% | 10.0% | 13.0% |
For the Mar 2026 quarter, Mahickra Chemicals reported sales of ₹57.08 Cr, up 32.7% year on year and net profit of ₹4.01 Cr, up 305.1% year on year. The operating margin was 11.1%.
Mahickra Chemicals' sales for the year to Mar 2026 were ₹106 Cr.
Net profit for the year to Mar 2026 was ₹5.01 Cr. Earnings per share over the same trailing period were ₹5.26.
Mahickra Chemicals reported borrowings of ₹15.96 Cr at Mar 2026, against cash and equivalents of ₹16.44 Cr.
Cash from operations was −₹8.01 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹7.98 Cr.