Rite Zone Chemcon India Limited Approves Audited Financial Results for Half Year Ended March 31, 2026
Rite Zone Chemcon India Limited announced that its Board of Directors held a meeting on May 20, 2026. During the session, the Board considered and approved the standalone Audited Financial Results, along with the Auditor Reports, for the half year and year ended March 31, 2026. The Board also decided that the appointment of the Internal Auditor would be considered and finalized in a subsequent meeting.The company released its audited financial statements covering the half-year period ended March 31, 2026, and the year-to-date results for the period from April 01, 2025, to March 31, 2026. The statutory auditors expressed an unqualified opinion on the financial results.
Key Financial Performance Highlights
The financial results for the half year ended March 31, 2026, showed the following key figures (in Rupees in Lakhs):| Particulars | Half Year Ended March 31, 2026 (Audited) | Half Year Ended March 31, 2025 (Audited) | Year Ended March 31, 2026 (Audited) | Year Ended March 31, 2025 (Audited) |
|---|---|---|---|---|
| Revenue from Operations | 1379.34 | 1193.97 | 2554.43 | 2619.97 |
| Other Income | 19.30 | 18.88 | 27.41 | 22.22 |
| Total Revenue | 1398.64 | 1212.85 | 2581.84 | 2642.19 |
| Profit before Tax | 29.99 | 38.67 | 56.69 | 113.25 |
| Profit for the Period | 16.38 | 27.64 | 34.13 | 89.32 |
| Basic Earnings Per Share | 0.39 | 0.65 | 0.81 | 2.11 |
Balance Sheet and Cash Flow Status
The company’s financial position as of March 31, 2026, was reported against the previous year's figures.Statement of Assets and Liabilities (in Rupees in Lakhs)
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| Shareholders' Funds | ||
| Share Capital | 423.03 | 423.03 |
| Reserves and Surplus | 1119.44 | 1085.31 |
| Total Shareholders' Funds | 1542.47 | 1508.34 |
| Long term borrowings | 78.70 | 85.92 |
| Other long term liabilities | 12.12 | 9.58 |
| Total Non-Current Liabilities | 90.82 | 95.50 |
| Short term borrowings | 80.70 | 9.86 |
| Trade payables | 503.82 | 485.07 |
| Other current liabilities | 22.39 | 24.67 |
| Short term provisions | 23.77 | 28.76 |
| Total Current Liabilities | 630.69 | 548.36 |
| Total Equity and Liabilities | 2263.97 | 2152.20 |
| Current Assets | ||
| Trade receivables | 1319.38 | 1267.88 |
| Cash and cash equivalents | 44.89 | 9.09 |
| Short term loans and advances | 38.23 | 44.80 |
| Other Current Assets | 417.82 | 378.40 |
| Total Current Assets | 1829.35 | 1707.40 |
| Total Assets | 2263.97 | 2152.20 |
Cash Flow from Operations
According to the Cash Flow Statement, the net cash from operating activities (A) for the year ended March 31, 2026, was 65.95 Lakhs, compared to a net cash from operating activities of -5.57 Lakhs for the same period in the previous year.Fund Utilization of IPO Proceeds
The company provided a statement detailing the utilization of the Initial Public Offer (IPO) proceeds from its prospectus dated October 21, 2022.| Object of IPO Proceeds | Projected Utilization | Actual Utilization up to 31/03/2026 | Pending for Utilization up to 31/03/2026 |
|---|---|---|---|
| Working Capital requirements | 675.00 | 675.00 | Nil |
| General Corporate Purpose | 50.00 | 50.00 | Nil |
| Issue Expenses | 171.40 | 171.40 | Nil |
| Total | 896.40 | 896.40 | Nil |
The reported utilization shows that the full amount of the initial IPO proceeds (Total: 896.40 Lakhs) has been fully utilized as of March 31, 2026.
RITEZONE Stock Price Movement
Shares of Rite Zone Chemcon India Limited slipped by 4.93% on Wednesday, settling at ₹21.2. The stock dropped ₹1.10 from its previous close and traded on a volume of 8,000 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.
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: