Bodal Chemicals Approves FY2026 Financial Results; Unit Sales and Incentive Income Highlighted

Bodal Chemicals Approves FY2026 Financial Results; Unit Sales and Incentive Income Highlighted​

Bodal Chemicals Limited announced the approval of its standalone and consolidated audited financial results for the financial year ended March 31, 2026. The Board of Directors also approved the sale of certain non-core assets, including Unit-I and Unit II.

Financial Performance Overview​

The company released comprehensive financial statements detailing performance across the period. Key financial results for the year ended March 31, 2026, are presented below:

Consolidated Financial Results Summary (Rs. in Million)​

Standalone Financial Results Summary (Rs. in Million)​

Statement of Assets and Liabilities​

The consolidated statement of assets and liabilities as of March 31, 2026, showed total assets of 23,557.74 Rs. million, up from 23,529.04 Rs. million a year prior.

The company's current assets, including trade receivables, totaled 9,343.94 Rs. million. Total equity and liabilities remained stable at 23,557.74 Rs. million.

Cash Flow Statement Highlights (Rs. in Million)​

The Cash Flow Statement reports the following net cash generated from operating activities:

Operational and Asset Disposal Updates​

The Board of Directors approved the sale of Unit-I, located at Plot No.110, 132 and 215 to 219, Phase-II, VATVA, GIDC, Ahmedabad -382445. The company noted that this unit was previously inoperative and was already closed on May 24, 2024.

The company also noted the ongoing rationalization and monetization of non-core assets, which includes the disposal of Unit II, located at Plot 123-124 and Plot No 111-114, Phase-I, Vatva, G.I.D.C., Ahmedabad-382445, and Unit-111, located at Plot No: 2102, Phase-Ill, Vatva, G.I.D.C., Ahmedabad-382445.

Accounting and Statutory Notes​

Incentive Income Recognition:
For the year ended March 31, 2026, the consolidated financial results include SGST incentive income amounting to 269.80 Rs. million. This incentive income pertains to the Punjab Industrial Incentive Scheme and covers the period from FY 2023-24 to FY 2025-26.

Labour Law Implications:
The financial results reflect the assessment of financial implications arising from the Government of India consolidating multiple existing labour legislations into the 'New Labour Codes'. This change resulted in an increase in gratuity liability arising out of past service cost by 17.97 Rs. million, which was presented under "Employee Benefits Expense" for the year ended March 31, 2026.

Fire Loss:
The company reported an insurance claim related to a fire incident that occurred in December 2024 at the blending operations area of the Dyes Plant at Unit 7. The remaining balance of 0.30 Rs. million was booked under Exceptional Items in the year ended March 31, 2026, following the full settlement of the insurance claim.

BODALCHEM Stock Price Movement​

Today, Bodal Chemicals Limited shares edged higher, rallying by 13.13% to settle at ₹77.7. The stock saw significant investor interest, trading 4.72 million shares and posting a strong close that kept it near its 52-week high of ₹81.9.