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Smarten Power Systems (SMARTEN)₹77.90−4.18%Other Electrical Equipment
In the Mar 2026 quarter (consolidated), Smarten Power Systems reported sales of ₹127 Cr, up 35.0% from Mar 2025, and net profit of ₹2.99 Cr, down 57.2% year on year. For the year to Mar 2026, sales were ₹243 Cr and net profit ₹8.99 Cr.
Company filings, consolidated accounts; latest reported quarter Mar 2026
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 108 | 94.26 | 115 | 127 |
| Expenses | 101 | 84.27 | 108 | 122 |
| Operating Profit | 6.98 | 8.98 | 6.98 | 4.99 |
| OPM % | 7.0% | 10.0% | 6.0% | 4.0% |
| Other Income | 1.01 | 1.01 | 1.01 | 0.00 |
| Interest | 0.00 | 0.99 | 0.99 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 1.01 |
| Profit before tax | 7.98 | 8.97 | 6.98 | 3.99 |
| Tax % | 24.0% | 27.0% | 21.0% | 32.0% |
| Net Profit | 5.99 | 6.99 | 5.99 | 2.99 |
| EPS (Rs) | 59.67 | 4.50 | 3.08 | 1.53 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales | 96.29 | 160 | 177 | 193 | 202 | 243 |
| Expenses | 95.25 | 158 | 175 | 178 | 185 | 232 |
| Operating Profit | 1.99 | 1.99 | 1.99 | 13.95 | 16.95 | 11.97 |
| OPM % | 1.6% | 1.0% | 1.1% | 7.0% | 8.0% | 4.9% |
| Other Income | 2.01 | 5.01 | 6.01 | 4.01 | 1.01 | 2.01 |
| Interest | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 |
| Profit before tax | 2.99 | 5.98 | 6.98 | 15.97 | 16.95 | 11.97 |
| Tax % | 25.0% | 28.0% | 29.0% | 30.0% | 26.0% | 25.0% |
| Net Profit | 1.99 | 3.99 | 4.99 | 10.99 | 12.99 | 8.99 |
| EPS (Rs) | 96.09 | 165.19 | 51.38 | 112.50 | 8.48 | 4.61 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 1.01 | 1.01 | 15.02 | 19.01 |
| Reserves | 3.99 | 7.97 | 12.97 | 24.93 | 23.94 | 64.83 |
| Borrowings | 2.01 | 1.99 | 3.99 | 6.99 | 17.00 | 4.99 |
| Other Liabilities | 34.03 | 51.15 | 57.14 | 47.17 | 42.20 | 50.25 |
| Total Liabilities | 40.04 | 62.12 | 76.11 | 79.10 | 97.16 | 139 |
| Fixed Assets | 0.99 | 4.99 | 4.99 | 4.99 | 4.99 | 19.98 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.99 | 4.99 | 6.99 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 39.05 | 57.13 | 71.12 | 74.12 | 88.18 | 112 |
| Inventories | 13.99 | 20.99 | 30.01 | 23.02 | 33.98 | 38.97 |
| Trade receivables | 12.99 | 26.99 | 31.99 | 42.94 | 37.98 | 51.93 |
| Cash & equivalents | 2.01 | 3.01 | 2.01 | 3.01 | 3.01 | 3.01 |
| Total Assets | 40.04 | 62.12 | 76.11 | 79.10 | 97.16 | 139 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from operating activity | 2.01 | 3.01 | −3.01 | 0.00 | −3.01 | −8.02 |
| Cash from investing activity | −1.99 | −1.99 | 0.00 | −1.99 | −5.99 | −16.97 |
| Cash from financing activity | 0.99 | 0.99 | 1.99 | 1.99 | 8.97 | 23.93 |
| Net cash flow | 1.01 | 1.01 | −1.01 | 1.01 | 1.01 | −1.01 |
| Capex | 0.63 | 4.00 | 0.36 | 1.37 | 3.84 | 18.85 |
| Free cash flow | 0.99 | −0.99 | −2.99 | −0.99 | −5.97 | −26.89 |
| CFO / OP % | 167.0% | 249.0% | −26.0% | 37.0% | 11.0% | −43.0% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor days | 49 | 62 | 67 | 81 | 70 | 78 |
| Inventory days | 66 | 55 | 77 | 56 | 81 | 74 |
| Days payable | 126 | 115 | 110 | 76 | 63 | 75 |
| Cash conversion cycle | −13 | 1 | 32 | 59 | 85 | 75 |
| Working capital days | 0 | 4 | 17 | 35 | 48 | 82 |
| ROCE % | — | 68.0% | 51.0% | 65.0% | 41.0% | 17.9% |
For the Mar 2026 quarter, Smarten Power Systems reported sales of ₹127 Cr, up 35.0% year on year and net profit of ₹2.99 Cr, down 57.2% year on year. The operating margin was 4.0%.
Smarten Power Systems' sales for the year to Mar 2026 were ₹243 Cr.
Net profit for the year to Mar 2026 was ₹8.99 Cr. Earnings per share over the same trailing period were ₹4.61.
Smarten Power Systems reported borrowings of ₹4.99 Cr at Mar 2026, against cash and equivalents of ₹3.01 Cr.
Cash from operations was −₹8.02 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹26.89 Cr.