Solve Plastic Products Reports Financial Results for the Year Ended March 31, 2026
Solve Plastic Products Limited (BALCO) announced key updates following its Board Meeting held on May 29, 2026, alongside the release of its audited financial results for the year ended March 31, 2026.At the Board meeting, the company took several key operational and compliance notes. The Board noted the half-year statutory audit report for the financial year and the financial year ended March 31, 2026, from the company's statutory auditors. Additionally, the Board reviewed the Related Party Transaction (RPT) and confirmed that the RPT was conducted at Arm's Length Price. The Board also approved the creation of a charge for the Rs 2.5 cr term loan availed. Furthermore, the Internal Audit Report was taken on record, noting no major deviations.
Financial Performance and Standalone Results
The company presented standalone financial results for the half year ended March 31, 2026, and the year-to-date results for the year from April 1, 2025, to March 31, 2026.The consolidated financial results show the following trends:
| Particulars | 31.03.2026 (Half Year Ended) | 30-09-2025 (Half Year Ended) | 31-03-25 (Half Year Ended) | 31-03-26 (Year Ended) | 31-03-15 (Year Ended) |
|---|---|---|---|---|---|
| Revenue From Operations | 2,375.55 | 2,182.59 | 2,137.82 | 4,558.15 | 4,146.03 |
| Other Income Total Income (I + II) | 11,48 | 2,397.04 | 2,224.71 | 53,60 | 37.67 |
| Expenses | |||||
| Cost of materials consumed | 1,626.87 | 1,31,1.67 | 1,489.57 | 2,38.56 | 2,004.12 |
| Changes in inventories | 23.41 | 16.84 | 47.54 | 40.25 | 45.27 |
| Employee benefits expense | 250.46 | 227.72 | 285.31 | 548.11 | 547.77 |
| Finance Costs | 5'i.48 | 53.25 | 34.89 | 144.72 | 98.64 |
| Depreciation and amortization expense | 48.80 | 46.81 | 50.46 | 25.61 | 95.05 |
| Other expenses | 438.63 | 466.56 | 624.04 | 90s.19 | 1,025.56 |
| Total Expense | 2,372.85 | 2,155.16 | 2,531.88 | 4,552.02 | 4,735.11 |
| Profit/(Loss) before exceptional, extraordinary items and tax | 15.87 | 65.55 | -376.67 | 59.74 | -551.40 |
| Profit/(Loss) before tax | (551) | 55.55 | -376.67 | 59.74 | (551.40) |
| Tax expense | |||||
| Tax Expense related to Earlier Years | 17.00 | 17.00 | |||
| Deferred tax | (7.5e) | 23.73 | (r 0?.46) | 16.03 | (8?.5e) |
| Net Profit/(Loss) before extraordinary items | 1.85 | 41.81 | (-84"20) | 43.70 | (-478.8r) |
| Extraordinary items (Net of taxes) | |||||
| Net Profit/(Loss) for the period (year) | 1.88 | 41.82 | -284.20 | 43.70 | (478.8r) |
Balance Sheet and Cash Flow Highlights
The company's statement of assets and liabilities shows the following financial positions:| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| EQUITY AND LIABILITIES | ||
| Shareholders' fund | ||
| Share capital | 436.83 | 436.93 |
| Reserves and surplus | 604.68 | 560.85 |
| Total Shareholders' Funds | 1,041.51 | 977.90 |
| Non-current liabilities | ||
| Long-term borrowings | 197.03 | 285.70 |
| Long-term provisions | 79.09 | 86.12 |
| Total Non-Current Liabilities | 276.12 | 371.82 |
| Current liabilities | ||
| Short-term borrowings | 236.01 | 700.24 |
| Trade payables: | ||
| Statutory outstanding dues (Micro & small enterprises) | 74.56 | 48.91 |
| Non-micro and small enterprises | 42.21 | 102.54 |
| Other current liabilities | 1,13.55 | 1,53.67 |
| Short-term provisions | 41 aa 1+ I ,LL | 48.07 |
| Total Current Liabilities | 1,163.45 | 1,063.45 |
| TOTAL (A + B) | 2,433.07 | 2,433.07 |
| ASSETS | ||
| Non-current assets | ||
| Property, Plant and Equipment | 553.96 | 577.00 |
| Intangible assets | 19.33 | 18.84 |
| Capital Work in progress | 307.56 | 10.97 |
| Total Non-Current Assets | 851.35 | 1,109.50 |
| Current assets | ||
| Inventories | 850.82 | 542.86 |
| Trade receivables | 434.54 | 442.43 |
| Cash and cash equivalents | 298.57 | 29,5"86 |
| Short-term loans and advances | 229.80 | 2 r ?.03 |
| Other current assets | 22.94 | 22.53 |
| Total Current Assets | 1,936.67 | - |
| TOTAL (A + B) | 2,433.07 | 2,433.07 |
The Statement of Cash Flow for the year ended March 31, 2026, reported:
| Particulars | Financial Year Ended on 31-03-2026 | Financial Year Ended on 31.03.2025 |
|---|---|---|
| Cash Flows from Operating Activities | ||
| Net (Loss) Profit before tax | 59.74 | -551.40 |
| Adjustments for: | ||
| Depreciation | 25.51 | 25.05 |
| Operating profit before working capital changes | 256.53 | -251.50 |
| Cash generated from operating activities | 322.91 | -307.35 |
| Cash Flows from Investing Activities | ||
| Acquisition of Fixed Assets | (366.65) | -87.r0 |
| Interest Received | 0.0-7 J.L.l | 173 |
| Net Cash Flows from Investing Activities | (366.28) | (-84.47) |
| Cash Flows from Financing Activities | ||
| Increase in Share Capital | 1,437.82 | -254.87 |
| Finance Cost on Borrowings | (r 0r .?2) | (-44.63) |
| Net Cash Flows from Financing Activities | 45.'!8 | 688.32 |
| Net increase/(decrease) in cash and cash equivalents (I + II + III) | 1.70 | 225.90 |
| Cash & Cash Equivalents at the end of the year | 228.57 | 276.86 |
Initial Public Offer Funds Utilization
The statutory auditor provided a certificate regarding the utilization of funds raised through the Initial Public Offer (IPO).The objects for which the funds were raised, compared to actual utilization as of March 31, 2026, are detailed below:
| Sr. No. | Object as disclosed in the Offer Document | Amount disclosed in the Offer Document (Lakhs) | Actual Utilised Amount (Lakhs) | Unutilised Amount (Lakhs) |
|---|---|---|---|---|
| 1 | Funding Expenditure purchase of additional plant and machinery | 552.64 | 256.23 | 296.41 |
| 2 | Working Requirements capital | 382.55 | 382.55 | - |
| 3 | General Expenses | 88.00 | 88.00 | - |
| 4 | Issue Related Expenses | 161.63 | 161.63 | - |
| Total | 1,184.82 | 888.41 | 296.41 |
BALCO Stock Price Movement
Today, Solve Plastic Products Limited shares edged higher to close at ₹20.40, gaining 4.88% for the day. The stock traded a total volume of 2,400 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.
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