SEL Manufacturing Reports Audited Financial Results for the Quarter and Year Ended March 31, 2026
SEL Manufacturing Company Limited announced the approval of its audited standalone financial results for the quarter and year ended March 31, 2026, following a Board meeting held on May 28, 2026. The company released a comprehensive statement detailing its financial performance, including the Balance Sheet, Cash Flow Statement, and Income Statement.The audited financial statements provide key metrics comparing the results for the year ending March 31, 2026, against the previous year.
Key Financial Highlights
The company’s total income from operations reached 1,564.65 lakh for the quarter and year ended March 31, 2026. Total expenses were reported at 18,351.88 lakh.The audited financial results for the quarter and year to date are summarized below (figures in Lakhs):
| Particulars | Audited Quarter Ended 31/03/2026 | Audited Year to date 31/03/2026 | Audited Year Ended 31/03/2025 |
|---|---|---|---|
| Total Income from Operations | 245.51 | 1,564.65 | 3,324.75 |
| Total Expenses | 4,667.51 | 12,907.78 | 20,617.00 |
| Profit before Tax/Loss before Tax | 4,186.00 | 16,787.23 | 13,071.99 |
| Net Profit/(Loss) for the period | 4,186.00 | 16,787.23 | 13,074.99 |
| Earnings Per Share (Basic, for continuing operations) | 32.63 | 50.66 | 24.22 |
Balance Sheet and Financial Position
As of March 31, 2026, the company reported total assets of 85,943.07 lakh, compared to 93,063.73 lakh as of March 31, 2025.The company's financial structure details are presented in the tables below:
| Particulars | As at 31.03.2026 (Rs. in lakhs) | As at 31.03.2025 (Rs. in lakhs) |
|---|---|---|
| ASSETS | ||
| Property, Plant and Equipment | 79,537.54 | 88,326.13 |
| Capital Work in Progress | 4,246.00 | 4,246.00 |
| Cash & Cash Equivalents | 218.97 | 256.36 |
| Inventories | 854.96 | 482.23 |
| TOTAL ASSETS | 85,943.07 | 93,063.73 |
| EQUITY & LIABILITIES | ||
| Borrowings | 1,777.76 | 30,871.76 |
| Trade Payables | 5,019.67 | 5,144.24 |
| Other Financial Liabilities | 22,134.13 | 14,148.57 |
| Other Current Liabilities | 231.64 | 218.62 |
| TOTAL EQUITY & LIABILITIES | 85,543.07 | 4,845.81 |
Audit Qualification and Financial Distress
The company's audited financial results include a Qualified Opinion from the independent auditors. The auditors noted that the company management had not carried out impairment testing for Property, Plant & Equipment and Capital Work in Progress as mandated by Indian Accounting Standard 36. Consequently, the impact of any potential impairment loss on the financial statements could not be ascertained.The auditors also highlighted several significant financial concerns regarding the company's operational stability:
- Liquidity and Solvency: The report noted that the current liabilities exceed the current assets, reflecting an erosion of working capital funds.
- Cash Flow: The company reported a net cash flow from operating activities of 7,789.12 lakh, compared to 6,760.25 lakh in the previous reporting period.
- Default Status: The company's performance was cited as sub-optimal and deficient, with instances noted of the company defaulting on a quarterly installment due from September 30, 2023, to March 31, 2026, amounting to Rs. 30,872 lakhs, and not paying interest and other charges due for the period July 2023 to March 2026, totaling Rs. 19,343 lakhs.
- Working Capital Shortfall: The results also referenced that the company failed to bring the stipulated 6,500 lakhs for working capital and operational needs within the first year of operation, having only brought 2,500 lakhs.
The financial results were prepared by SEL Manufacturing Company Limited, with the Board of Directors approving the results on May 28, 2026.
SELMC Stock Price Movement
On Wednesday, SEL Manufacturing Company Limited shares slipped by 1.30% to settle at ₹29.81. The stock shed ₹0.39 during the session, completing its trading on a volume of 5,419 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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