Hisar Metal Industries Approves FY 2026 Results and Recommends 10% Dividend
Hisar Metal Industries Limited announced key corporate outcomes following its Board Meeting held on May 30, 2026. The board approved the audited financial results for the quarter and year ended on March 31, 2026, and recommended a dividend of Rs. 1/- per Equity share of Rs. 10/- each (10%) for the financial year ended March 31, 2026.During the board meeting, the company also approved the Directors' Report for the financial year ended March 31, 2026. Furthermore, the company informed that its 36th Annual General Meeting (AGM) is scheduled to be held on Friday, August 28, 2026, at the Registered Office.
Board Appointments and Changes
The board approved several appointments to bolster its governance structure. Mr. Manish Jain (DIN: 00300805) was approved as an Additional Director designated as Non-Executive Independent Director, holding office for a term of five consecutive years from May 30, 2026, until May 29, 2031, subject to shareholder approval. Similarly, Mr. Shreyaskar Chaudhary (DIN: 00059059) was approved as an Additional Director and Non-Executive Independent Director for a five-year term, commencing on May 30, 2026, and ending May 29, 2031, subject to shareholder approval.The board also accepted the resignations of Mr. Rajender Kumar Leekha and Mr. Sanjay Kumar Jain from their roles as Independent Directors, effective from the close of business on May 30, 2026.
Audit and Committee Appointments
The company approved key appointments related to its statutory oversight. Ms. Ritu Agarwal (M No 515626), a Practicing Chartered Accountant, was appointed as the Internal Auditor for the Financial Year 2026-27. Additionally, M/s. Naveen Gupta & Co., Cost Accountants (Firm Registration No. 100920), were approved as the Cost Auditors for the financial year 2026-27.The board also approved the reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee.
- Audit Committee: Includes Mr. Ritesh Mohan Jindal (Chairperson), Mr. Manish Jain, and Mrs. Anubha Tayal.
- Nomination and Remuneration Committee: Includes Mr. Sandeep Garg (Chairperson), Mr. Manish Jain, and Mr. Ritesh Mohan Jindal.
- Corporate Social Responsibility Committee: Includes Mr. Sandeep Garg (Chairperson), Mr. Manish Jain, and Mrs. Anubha Tayal.
Financial Performance Snapshot
The company released its financial results for the quarter and year ended on March 31, 2026. The statutory auditors issued an unmodified report on the financial statements.The company's audited financial results are presented below:
| Particulars | 31.03.2026 (Lakhs) | 31.03.2025 (Lakhs) |
|---|---|---|
| Total Income | 726 | 24483 |
| Cost of materials consumed | 5761 | 18711 |
| Total Expenses | 7162 | 25872 |
| Profit from ordinary activities before tax | 106 | 421 |
| Current tax | - | 10 |
| Net Profit for the period | 7 | 318 |
| Total Comprehensive Income | 64 | 316 |
| Earnings per share (Basic/Diluted) | 1.56 | 5.81 |
The company's assets and liabilities as of March 31, 2026, compared to March 31, 2025, are detailed in the following statement (amounts in Lakhs):
| Particulars | As at 31.03.2026 | As at 31.03.2025 |
|---|---|---|
| Cash and cash equivalents | - | - |
| Other non-current financial assets | ||
| Total Outstanding due other than Micro and small | ||
| Total Current liabilities | ||
| Total Equity and Liabilities |
The Cash Flow Statement for the year ended March 31, 2026 (amounts in Rs.):
| Particulars | For the Year Ended March 31, 2025 | For the Year Ended March 31, 2026 |
|---|---|---|
| Cashflow from operating activities | ||
| Profit before taxation | 456.77 | 427.26 |
| Depreciation | 287.35 | 273.24 |
| Interest Income from Investment | (43.79) | (88.52) |
| Finance Costs (Net) | 688.32 | 866.45 |
| Operating profit before working capital changes | 1373.33 | 1468.59 |
| Cash used in operations | 1220.78 | 1480.55 |
| Net cash from operating activities (A) | 1057.96 | 1321.19 |
| Cash flow from investing activities (B) | ||
| Capital Expenditure | (451.87) | (665.92) |
| Other financial assets | (7.83) | |
| Interest from Investment | 43.79 | 88.52 |
| Proceeds from Sale of Fixed Assets | 32.67 | 13.07 |
| Net cash from investing activities (B) | 175.47 | 156.73 |
| Cash flow from financing activities (C) | ||
| Long term borrowing taken | 139.80 | 210.67 |
| Payment of dividend | (54.00) | - |
| Interest paid | 148.22 | 1866.45 |
| Net cash from financing activities (C) | 605.88 | 1805.76 |
| Net change in cash and cash equivalents (A+B+C) | 721.31 | 3343.68 |
| Cash and cash equivalents - opening balance | 386.05 | 433.78 |
| Cash and cash equivalents - closing balance | 707.36 | 768.06 |
HISARMETAL Stock Price Movement
On Friday, Hisar Metal Industries Limited shares slipped by 1.95% to close at ₹147.6. The stock shed ₹2.95 during the session, which saw a total traded volume of 694 shares.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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