Axel Polymers Reports Audited Financial Results for Q4 and Fiscal Year 2026
Axel Polymers Ltd. announced its audited financial results for the fourth quarter and the full year ended March 31, 2026, following approval by the Board of Directors on June 2, 2026. The company released the annual audited financial results, along with related statements, including the Balance Sheet and Cash Flow Statement.The statutory auditors for Axel Polymers Ltd. are Mukund & Rohit, Chartered Accountants. The company noted that the audit report issued for the results for the quarter and year ended March 31, 2026, carries an unmodified opinion.
Financial Performance Summary
The financial results for the quarter and year ended March 31, 2026, indicate the following key performance metrics (figures in Rs. in Lacs):| Metric | Quarter Ended 31.03.2026 (Audited) | Full Year Ended 31.03.2026 (Audited) |
|---|---|---|
| Revenue from Operations | 885.69 | 7808.52 |
| Total Revenue (Net) | 888.72 | 7822.42 |
| Profit/Loss for the Period | -62.05 | 17.35 |
| Total Comprehensive Income | -63.17 | 14.83 |
Balance Sheet Snapshot
The company’s balance sheet shows significant movement in total assets and equity.| Financial Metric (Rs. in Lacs) | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| Total Assets | 7025.04 | 6741.57 |
| Total Equity | 2524.40 | 1513.84 |
| Total Liabilities | 4500.64 | 5227.73 |
In terms of current assets, Total Current Assets stood at 5505.81 Rs. in Lacs as of March 31, 2026, compared to 5409.41 Rs. in Lacs the previous year. Total current liabilities decreased to 3776.45 Rs. in Lacs, down from 4551.76 Rs. in Lacs.
Cash Flow Highlights
According to the Cash Flow Statement, the company reported substantial increases in operating and financing cash flows compared to the previous fiscal year.| Cash Flow Activity (Rs. in Lacs) | 31.03.2026 (Audited) | 31.03.2025 (Audited) |
|---|---|---|
| Net Cash From Operating Activities | 26153 | 366.44 |
| Net Cash From Financing Activities | 112.54 | 56921 |
| Closing Balance of Cash and Cash Equivalents | 330.84 | 218.30 |
Material Uncertainties Noted by Auditors
The Independent Auditor's Report highlighted several material uncertainties pertaining to the company's going concern status.- GST Proceedings: The auditors pointed out a Show Cause Notice No. V/CGST/AXEL/PREV/GRP5/JC/245/2025-26, dated 19.01.2026, issued by the Commissioner GST, Central Vadodara. This notice relates to the financial years 2021-22 to 2024-25 and alleges wrongful availment of Input Tax Credit (ITC) amounting to Rs. 31.57 crores, along with applicable interest and penalties.
- Other Litigation: The report also noted two other matters: an ongoing investigation by the Income Tax Department stemming from the GST proceedings, and legal proceedings initiated by a vendor under Section 138 of the Negotiable Instruments Act regarding nine post-dated cheques totaling Rs. 18 crore.
Management assessed these matters as contingent liabilities, and consequently, no provision has been made in the financial statements for these claims.
The company's overall performance was supported by significant cash generated from operating activities, recorded at 26153 Rs. in Lacs for the year ended March 31, 2026.
Stock Price Movement
Axel Polymers Ltd shares finished the day at ₹47.13, recording a strong gain of 7.06% at the close of trade today. The stock demonstrated considerable intraday movement, fluctuating between a low of ₹45.00 and a high of ₹48.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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