S D Retail Limited Approves Annual Audited Results for Fiscal Year Ended March 31, 2026
S D Retail Limited, formerly known as S D Retail Private Limited, announced on May 19, 2026, that its Board of Directors approved the Annual Audited Financial Results for the Half-Year and Year Ended March 31, 2026. The company's Statutory Auditors, KKC & associates LLP, confirmed that the audited financial results for both the half-year and the full financial year ended March 31, 2026, carry an unmodified opinion.The company’s operations are primarily focused on manufacturing and trading of garments.
Financial Performance and Annual Results
The audited financial statements provide a comprehensive overview of the company's financial health, detailing results for the year ended March 31, 2026, compared to the year ended March 31, 2025.A comparison of key financial metrics (amounts in Lakhs) is provided below:
Statement of Assets and Liabilities as at March 31, 2026 vs. March 31, 2025
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| SHAREHOLDERS' FUNDS | ||
| Share capital | 1,872.24 | 1,872.24 |
| Reserves and surplus | 10,148.92 | 9,171.00 |
| TOTAL SHAREHOLDERS' FUNDS | 12,021.16 | 11,043.24 |
| Long-term borrowings | 21.25 | 9.65 |
| Long-term provisions | 106.22 | 3,453 |
| CURRENT LIABILITIES | ||
| Short-term borrowings | 1,604.79 | 3,296.02 |
| Due to Micro and Small enterprises | 1,399.97 | 1,068.65 |
| Other current liabilities | 1,639.89 | 1,608.73 |
| Short-term provisions | 96.58 | 122.17 |
| TOTAL LIABILITIES | 5,202.41 | 6,481.48 |
| ASSETS | ||
| Property, Plant and Equipment | 1,095.71 | 715.04 |
| Intangible assets | 7.09 | 371 |
| Deferred tax assets (net) | 154.50 | 126.91 |
| Long-term loans and advances | 48.96 | 17.84 |
| Other non-current assets | 2,716.49 | 61,535 |
| TOTAL NON-CURRENT ASSETS | 4,022.75 | 1,478.85 |
| Inventories | 4,406.18 | 3,015.53 |
| Trade receivables | 8,153.00 | 7,971.02 |
| Cash and bank balances | 242.63 | 4,958.09 |
| Short-term loans and advances | 473.03 | 99.11 |
| Other current assets | 53.45 | 4,630 |
| TOTAL CURRENT ASSETS | 13,328.29 | 16,090.05 |
| TOTAL ASSETS | 17,351.04 | 17,568.90 |
Cash Flow Summary (March 31, 2026 vs. March 31, 2025)
The cash flow statement highlights the company’s cash movements over the financial year.| Particulars | For the year ended March 31, 2026 (Audited) | For the year ended March 31, 2025 (Audited) |
|---|---|---|
| Net cash flow from operating activities | (587.15) | 155.07 |
| Net cash flow from investing activities | 2,412.96 | (3,878.65) |
| Net cash flow from financing activities | (1,943.46) | 4,674.33 |
| Net (decrease) in cash and cash equivalents | (117.65) | (49.25) |
| Cash and cash equivalents at the end of the year | 204.73 | 322.38 |
Capital Structure and IPO Proceeds Utilization
The company, which previously completed an initial public offer (IPO), confirmed the utilization of its IPO proceeds. The IPO involved 9,60,000 equity shares at an issue price of 131 per equity share.The total proceeds raised amounted to 6,041.86 Lakhs (net of IPO expenses of 455.74 Lakhs). Management reported that these funds were utilized as follows:
| Object of Issue | Amount Disclosed in Offer Document (Rs. In Lakhs) | Actual Utilized Amount (Rs. In Lakhs) | Unutilized Amount (Rs. In Lakhs) |
|---|---|---|---|
| Capital expenditure for setting up new exclusive brand outlets | 1,648.85 | 583.22 | 1,065.63 |
| Funding Working Capital Requirement | 3,500.00 | 3,010.00 | 490.00 |
| General Corporate Expenses | 893.01 | 648.64 | 244.37 |
| Total (Net of IPO related expenses) | 6,041.86 | 4,241.86 | 1,800.00 |
The Board of Directors approved the utilization of the balance IPO proceeds beyond the originally envisaged timeline of March 31, 2026, and stated that the company will utilize the remaining balance within a revised timeline. Currently, 1,800.00 Lakhs of the unutilized amount is parked in a deposit with a scheduled bank.
Operational and Accounting Updates
The Board meeting on May 19, 2026, also provided key operational updates:- Depreciation Method Change: The company changed its method of depreciation for Property, Plant and Equipment, including Exclusive Brand Outlets, from Written Down Value (WDV) to Straight Line Method (SLM), based on a technical assessment of future economic benefits. This change was effective from April 1, 2025, and was accounted for as a change in accounting estimate.
- Trading Window: The trading window for the company's securities was closed from April 1, 2026, and will remain closed until 48 hours after the announcement of the financial results for all Designated Persons and immediate relatives.
- Tax Status: The company confirmed the statutory auditor issued an unmodified report on the Annual Standalone Audited Financial Results for the financial year ended March 31, 2026.
SDREAMS Stock Price Movement
Shares of S D Retail Limited today slipped by 1.48% to close at ₹90. The stock traded on a volume of 1,000 shares, falling significantly from its previous closing price of ₹91.35.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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