Hindustan Composites Board Approves FY26 Financial Results, Recommends Dividend and Capacity Expansion
Hindustan Composites Ltd. announced key decisions following its Board of Directors meeting held on April 23, 2026. The board approved the audited standalone and consolidated financial results for the quarter and financial year ending March 31, 2026, and recommended the payment of a dividend.The company also detailed its approved capacity expansion plan for the financial year 2026-27 and re-appointed its cost auditors for the coming fiscal year.
Financial Highlights and Dividend Recommendation
At the board meeting, the company approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.The board recommended the payment of a dividend of Rs. 5/- each, translating to Rs. 2/- (Rupees two only) per share for the financial year ending March 31, 2026. This dividend payment is subject to approval by the members at the ensuing Annual General Meeting (AGM).
The audited standalone and consolidated financial results, along with the standalone and consolidated cash flow statements, and the statements of assets and liabilities as of March 31, 2026, were also approved.
Statement of Audited Standalone Financial Results (in Rs. Lakhs)
| Metric | Three Months Ended 31-Mar-26 (Audited) | Year Ended 31-Mar-26 (Audited) |
|---|---|---|
| Total Income | 10,525 | 37,542 |
| Total Expenses | 9,173 | 33,182 |
| Net Profit for the Period | 1,170 | 3,111 |
| Earnings per Share | 7.92 | 21.06 |
Statement of Audited Consolidated Financial Results (in Rs. Lakhs)
| Metric | Three Months Ended 31-Mar-26 (Audited) | Year Ended 31-Mar-26 (Audited) |
|---|---|---|
| Total Income | 10,525 | 37,542 |
| Net Profit for the Period | 1,170 | 3,111 |
| Total Assets | 126,443 | 119,607 |
Operational and Governance Updates
Capacity Expansion:The board approved the Capacity expansion Plan for the financial year 2026-27 for the Product Railway Brake Block/Pad. Key details of the plan include:
| Particulars | Value | Unit |
|---|---|---|
| Existing Capacity (Monthly) | 425,000 | Nos |
| Existing Capacity Utilization (%) | 84 | % |
| Proposed Capacity Addition (Monthly) | 85,000 | Nos |
| Period for Addition | 6 | Months |
| Investment Required | 350 | Rs. (in Lakh) |
| Mode of Financing | Internal resources |
Auditor Re-appointment:
The company recommended the re-appointment of M/s. Suresh Pimple & Associates, Cost Accountants, Chhatrapati Sambhajinagar (Firm Registration No. 100780), as Cost Auditors for the financial year 2026-27.
Regulatory Compliance Note:
Regarding a fine of Rs. 1,55,000/- (excluding GST) for delayed submission of unaudited financial results for the quarter ended June 30, 2019, the board stated that the company is not in default, citing clarifications from the BSE. The board noted that the company has paid the aforementioned fine on April 9, 2026, and has filed a waiver application with BSE Ltd.
Cash Flow Summary (in Rs. Lakhs):
| Category | Year Ended 31-Mar-26 (Audited) | Year Ended 31-Mar-25 (Audited) |
|---|---|---|
| Net cash generated from operating activities | 2,113 | 2,986 |
| Net cash generated from investing activities | (2,951) | (1,791) |
| Net cash generated from financing activities | (410) | (3,121) |
| Net Increase/Decrease in Cash | (1,248) | 883 |
***
Hindustan Composites Ltd. is located at Peninsula Business Park, Tower A, 8th Floor, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013.
HINDCOMPOS Stock Price Movement
Today, Hindustan Composites Limited shares shed 3.46%, settling at ₹459.6. The equity saw a total traded volume of 6,907 shares during the session.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: