The global economy demonstrated resilience as of March 2026 despite persistent geopolitical tensions, trade uncertainties and inflationary pressures across major economies. Economic activity remained supported by improving supply chain conditions, easing commodity prices, and sustained investments in technology and infrastructure. However, growth continued to remain below long-term historical averages due to ongoing macroeconomic and geopolitical challenges.
Advanced economies witnessed moderate growth during the period, with economic activity impacted by relatively tight monetary conditions, elevated borrowing costs, and cautious consumer spending. The United States maintained stable growth supported by resilient domestic demand, a strong labour market and continued investments in digital and artificial intelligence-driven sectors. In contrast, the Eurozone experienced slower growth owing to subdued industrial output, weak manufacturing activity, and energy-related uncertainties.
Emerging market and developing economies continued to outperform advanced economies, driven by stronger domestic demand, infrastructure development, and manufacturing expansion. China recorded moderate economic growth supported by policy stimulus and infrastructure investments, although challenges in the real estate sector and weaker external demand continued to weigh on its outlook.
Global inflation showed signs of moderation during the year as supply-side pressures eased and commodity prices stabilized. Nevertheless, inflation remained above central bank target levels in several economies, prompting monetary authorities to maintain a cautious policy stance. While some central banks signalled a gradual shift toward monetary easing, interest rates largely remained elevated to ensure sustained price stability.
Global trade witnessed gradual improvement with easing logistics disruptions; however, trade flows remained influenced by geopolitical realignments, tariff-related uncertainties, and regional conflicts. Commodity markets, particularly energy markets, remained volatile due to supply-side concerns and geopolitical developments.
Overall, the global economic environment as of March 2026 remained stable yet cautious, characterized by moderate growth, easing inflation, and persistent external risks. The outlook continues to depend on monetary policy normalization, geopolitical stability, and sustained global demand recovery.
| Regional Growth (%) | 2026 | 2025 |
| World output | 3.3 | 3.3 |
| Advanced economies | 1.8 | 1.9 |
| Emerging and developing economies | 4.2 | 4.2 |
(Source: International Monetary Fund (IMF), World Economic Outlook, 2026.)
The Indian economy continued to demonstrate strong resilience and sustained growth during the financial year ended March 2026, supported by robust domestic demand, increased infrastructure spending and stable macroeconomic fundamentals. India remained one of the fastest-growing major economies globally, driven by strong government policy support, rising private consumption, and expanding manufacturing and services sectors.
Indias Gross Domestic Product (GDP) recorded healthy growth during the year, supported by continued public capital expenditure, digital transformation, and improved business sentiment. Government initiatives such as infrastructure development, production-linked incentive (PLI) schemes and policy reforms further strengthened industrial and economic activity.
The manufacturing sector witnessed steady expansion, aided by improving capacity utilization, supply chain normalization, and rising investments in key industries. The services sector continued to remain a major growth driver, supported by strong performance in financial services, information technology, telecommunications, logistics, and retail sectors.
Inflation moderated during the year due to easing commodity prices and improved supply-side management, although food inflation remained subject to seasonal volatility. The Reserve Bank of India maintained a balanced monetary policy approach, focusing on inflation control while supporting economic growth and financial stability.
Indias banking and financial sector remained stable with improved asset quality, healthy credit growth, and adequate liquidity. Credit demand from retail, infrastructure, and industrial sectors remained strong, supporting investment activity across the economy.
External sector performance remained stable despite global uncertainties. Merchandise exports faced pressure from weaker global demand; however, services exports remained robust, supported by strong global demand for IT and business services. Foreign exchange reserves remained comfortable, providing resilience against external shocks and currency volatility.
Overall, the Indian economic outlook as of March 2026 remained positive, supported by strong domestic fundamentals, policy continuity, infrastructure-led growth, and rising private sector investments. While global uncertainties and geopolitical risks continue to pose challenges, India remains well-positioned to sustain its growth momentum over the medium to long term.
| Regional growth (%) | FY 23 | FY 24 | FY 25 | FY 26 |
| Real GDP growth (%) | 7.2 | 8.2 | 6.5 | 6.7 |
(Source: Ministry of Statistics and Programme Implementation (MOSPI), Reserve Bank of India (RBI))
Growth of the Indian Economy Quarter by Quarter, FY 2025-26
| Particular | Q1 FY 26 | Q2 FY 26 | Q3 FY 26 | Q4 FY 26 |
| Real GDP growth (%) | 6.7 | 5.6 | 6.2 | 7.4 |
Source: Ministry of Statistics and Programme Implementation (MOSPI))
The manufacturing sector recorded steady growth supported by policy incentives, infrastructure development, and improved domestic demand conditions. Capacity utilisation improved across key industries, reflecting stronger investment sentiment.
The services sector remained the dominant contributor to economic growth, driven by strong performance in IT services, financial services, logistics, telecommunications, and retail.
Infrastructure activity remained robust, supported by sustained government capital expenditure in roads, railways, ports, and urban development projects.
The medium-term outlook for the Indian economy remains positive, supported by strong domestic fundamentals, rising investment activity, and ongoing structural reforms. Growth is expected to be driven by infrastructure expansion, manufacturing competitiveness, digital transformation, and a growing consumption base.
India continues to benefit from favourable demographics, increasing formalisation of the economy, and integration into global supply chains.
Key risks to the outlook include global geopolitical tensions, volatility in commodity prices, tightening financial conditions in advanced economies, and potential disruptions in global trade. Domestic risks include inflationary pressures, uneven monsoon patterns affecting food prices, and cyclical fluctuations in consumption demand.
Union Budget FY 2025-26- Economic Policy Review
The Union Budget FY 2025-26, presented by the Government of India, laid strong emphasis on sustaining high economic growth, strengthening macroeconomic stability, and advancing inclusive development. The Budget focused on four key growth engines—agriculture, micro, small and medium enterprises (MSMEs), investment, and exports—supported by continued fiscal consolidation and capital expenditure-led growth strategy.
The Budget estimated a nominal GDP growth of around 10% for FY 2025-26, reflecting continued expansion in economic activity. Total expenditure was budgeted at approximately 50.65 lakh crore, representing a steady increase over the previous year, with a strong focus on capital expenditure to drive infrastructure development and long-term productive capacity.
Total receipts (excluding borrowings) were projected at around 34.96 lakh crore, indicating robust revenue buoyancy supported by direct and indirect tax collections. The fiscal deficit was targeted at 4.4% of GDP, demonstrating the Governments continued commitment to fiscal consolidation while supporting growth momentum.
The Budget placed significant emphasis on infrastructure development, rural prosperity, and manufacturing competitiveness. Large-scale investments were directed towards roads, railways, logistics, urban infrastructure, and energy transition projects, aimed at improving efficiency and enhancing connectivity across regions.
MSMEs and startups received enhanced support through expanded credit guarantee schemes and improved access to institutional finance. Export competitiveness was strengthened through policy support and sector-specific incentives, particularly in manufacturing and value-added sectors.
The Budget introduced rationalisation measures in direct taxation aimed at improving compliance and increasing disposable income for the middle class. Revisions in tax slabs and compliance procedures were expected to enhance consumption demand and ease of doing business.
On the indirect tax front, rationalisation of customs duties on key inputs was undertaken to promote domestic manufacturing, particularly in sectors such as electronics, renewable energy, and pharmaceuticals.
Manufacturing of Wires-Market Overview
The global and domestic wires manufacturing industry continued to demonstrate steady growth during the financial year ended March 2026, supported by rising demand from infrastructure development, power transmission and distribution, construction activity, automotive electrification, and industrial automation.
The wires manufacturing sector forms a critical part of the electrical and energy value chain, catering to applications across residential, commercial, industrial, and infrastructure segments. Demand for wires is closely linked to investments in real estate, renewable energy projects, telecommunications, railways, and urban infrastructure development.
Globally, the industry has benefited from increased electrification, expansion of renewable energy capacity, and rapid urbanisation. Emerging economies continue to drive demand, while developed markets are witnessing replacement-led demand and upgrades to energy-efficient and high-performance wiring systems.
In India, the wires industry has witnessed sustained growth supported by strong infrastructure spending, housing demand, and government-led initiatives in power distribution and rural electrification. The expansion of smart cities, metro rail projects, and industrial corridors has further strengthened demand for electrical wiring solutions.
The manufacturing sector also benefits from rising demand in consumer electronics, automobiles (including electric vehicles) and data centres, which require advanced and high-quality wiring systems. Increasing formalisation and shift towards branded and organised players have further improved industry structure and margins.
Continued investment in infrastructure development, including roads, railways, and urban infrastructure
Strong growth in residential and commercial construction activities
Expansion of renewable energy projects such as solar and wind power
Rising adoption of electric vehicles and charging infrastructure
Increasing digitalisation and growth in data centres and telecom networks
Government initiatives supporting Make in India and domestic manufacturing
The industry remains exposed to volatility in raw material prices, particularly copper and aluminium, which significantly impact cost structures and margins. Global supply chain disruptions, fluctuations in energy prices, and currency volatility also pose operational challenges.
Intensifying competition, especially from unorganised players in certain segments, may exert pressure on pricing. Additionally, changes in regulatory standards and environmental compliance requirements may increase compliance costs.
The outlook for the wires manufacturing industry remains positive, supported by strong structural demand drivers in infrastructure, housing, renewable energy, and electrification. Continued government focus on capital expenditure and energy transition is expected to sustain demand momentum.
The industry is likely to benefit from increasing shift towards organised and branded products, technological advancements in cable design, and growing emphasis on safety and quality standards. Overall, the sector is expected to maintain steady growth over the medium to long term.
Price volatility risk: The wires manufacturing industry is significantly exposed to fluctuations in raw material prices, particularly copper, aluminium, and polyvinyl chloride (PVC) compounds, which constitute a major portion of production costs. These commodities are globally traded and are subject to volatility arising from changes in international demand-supply dynamics, geopolitical developments, currency fluctuations, and energy price movements. As a result, input cost instability can directly impact operating margins, pricing strategies, and overall profitability of industry participants.
In addition to raw material volatility, the industry is also exposed to foreign exchange risk, as a substantial portion of key inputs is imported or linked to international benchmark prices
Mitigation: Procurement strategies such as long-term supplier contracts, bulk purchasing arrangements and diversified vendor sourcing are used to stabilise input costs and ensure supply continuity. Alternative sourcing and localization strategies are under evaluation.
Supply chain risk: Global shipping delays, container shortages, or geopolitical tensions may result in longer lead times or increased transportation costs, especially for imported goods.
Mitigation: Supplier base has been diversified, regional warehousing capacity developed, and real-time logistics tracking adopted to minimize delivery disruptions.
Quality control risk: Inconsistent quality across lots or batches, especially with overseas suppliers, can result in high reject rates and unhappy customers.
Mitigation: Institute rigorous quality assurance at sampling, in process, and pre shipment stages, combined with supplier evaluations, audits, and possible third party inspections.
Strengths
-Integrated Manufacturing Facility
- Large and diverse product portfolio
- Cordial customer relationships
- Well-developed distribution network
Fluctuations in prices of steel, billets, and other alloy inputs significantly impact production costs and profit margins.
Presence of large integrated steel producers as well as numerous small and unorganised players leads to pricing pressure and margin erosion.
Demand Cyclicality
The industry is highly dependent on end-user sectors such as construction, infrastructure, and automotive, which are cyclical in nature and sensitive to economic slowdowns.
Global Economic UncertaintySlowdowns in global economic growth, trade restrictions, and geopolitical tensions can adversely affect export demand and commodity pricing.
Availability of low-cost imported steel wire products from international markets can create pricing pressure for domestic manufacturers.
Energy and Input Cost InflationRising costs of electricity, fuel, and logistics directly increase manufacturing and transportation costs.
Regulatory and Environmental ComplianceIncreasing environmental regulations, emission norms, and compliance requirements may increase operational costs and capital expenditure.
Foreign Exchange FluctuationsCurrency volatility impacts import costs of raw materials and export competitiveness.
Logistics and Supply Chain RisksDisruptions in transportation, availability of raw materials, or port delays can affect production schedules and delivery timelines.
Company Overview
Incorporated in year 2000, we are an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified company operating in the steel wire industry and engaged in the business of manufacturing and supplying of various steel wires and cables, catering to the needs of power transmission, infrastructure, telecommunications, agro-based and allied industries. Our product portfolio includes Steel wires such as Carbon steel wire (MS Wire), High carbon wire (HC Wire), Mild Steel (MS) Wire, Galvanized Iron (GI) Wire, Cable Armour Wire, Aluminium conductor steel-reinforced cable (ACSR Core wire), Aluminium Clad Steel (ACS) Wire etc. along with Optical Ground Wires (OPGW) and Optical Fibre Cable (OFC), which has electrical and mechanical properties that are suitable for applications in power generation, data transmission and distribution, thus, ensuring efficiency and reliability across various aforementioned industries.
Our company started its operations with a factory situated at Village Sayli, Silvassa in Dadra & Nagar Haveli and Daman & Diu, whereby we manufactured and supplied Steel Wires. Gradually, our company expanded its verticals by venturing into manufacturing of various other Steel wire products such as Mild Steel (MS) Wire, Galvanized Iron (GI) Wire, Aluminium Clad Steel (ACS) Wire etc. Currently we operate from four of our factories which are situated at:
a. Survey No. 269, Village Sayli, Silvassa, Dadra & Nagar Haveli - 396230, UT of Dadra & Nagar Haveli and Daman & Diu, India, measuring 2415 Sq. mtr.
b. Survey No. 172/P, Near Kanadi Phatak, Village Naroli, Silvassa, Dadra & Nagar Haveli - 396235, UT of Dadra & Nagar Haveli and Daman & Diu, India, measuring 4000 Sq. mtr.
c. 174/1/2, Village Umerqui, Silvassa, Dadra & Nagar Haveli - 396230, UT of Dadra & Nagar Haveli and Daman & Diu, India, measuring 2300 Sq. mtr.
d. Plot No. 1717 to 1734, G.I.D.C., Village Sarigam, Tal. Umbergaon, Valsad - 396155, Gujarat, India, measuring 11988 Sq. mtr.
Our factories have a combined installed capacity of 1,00,000 MTPA for producing various steel wires such as galvanized wire, wires for power industries, high and low carbon steel wires etc. and are equipped with various machines such as Wire Drawing Machine, GI Plant, Flattering Machine, Fiber coloring Machine, Buffering Machine, SZ standing Machine, Sheathing Machine, Wire Drawing Machine, ACS Rewinding Machine, Lath Machine, Drilling Machine, High carbon machine, Torsion machine etc.
We have our own quality control and Research & Development department that adheres to safety and quality standards as required by the customers. Our emphasis on R&D enables us to constantly develop quality products, offering technological & economical solutions to customers. Our factories are staffed with a workforce of approximately 421 employees as on March 31, 2026, of which 20 employees are there in Quality control and Research & Development Department.
We sell our products in approx. 25 states & Union Territories in India and also export our products to more than 30 countries such as Sri Lanka, Japan, Bhutan, Canada, Brazil etc. The Geographical breakup of our revenue from operations for the financial year ended March 31, 2026 and last 3 financial years is tabulated below:
(Amount in Lakhs)
| Activity | For the Financial year ending | |||||||
| March 31, 2026 | Percentage (%) of Total Sales | March 31, 2025 | Percentage (%) of Total Sales | March 31, 2024 | Percentage (%) of Total Sales | March 31, 2023 | Percentage (%) of Total Sales | |
| Domestic Sales | 50897.43 | 92% | 41208.56 | 92% | 33497.81 | 91% | 29505.45 | 92% |
| Export Sales | 4353.78 | 8% | 3442.58 | 8% | 3498.27 | 9% | 2499.56 | 8% |
| Total | 55251.22 | 100% | 44651.14 | 100% | 36996.08 | 100% | 32005.01 | 100% |
Our Company is managed by our Promoter Siddharth Rajendra Agarwal who has been on the Board of Directors of the Company since incorporation and has an overall experience of 24 years in steel wire and cable industry. He is playing vital role in formulating business strategies and effective implementation of the same. He is currently involved in managing the overall business operations of the Company including business planning & development, Production & Operations, Quality Control, Accounts & Finance, Secretarial, Legal operations & Compliance of our Company. He is supported by our Whole Time Director, Vikas Navin Hegde and Chief Financial Officer, Dwarika Prasad Agrawal who has approx. 14 years & 13 years of experience, respectively, in same industry. Vikas Navin Hegde is responsible for Production & Operations, Quality Control, Design & development and Dwarika Prasad Agrawal is responsible for financial aspects of the company along with statutory compliance. The experience, knowledge and insight of our promoters and senior management along with the support of our employees have helped in the growth and development of our Company.
1. Indian Achievers Award, in year 2021-22, for Promising Company.
2. Top 10 Steel Wire & Wire Rope manufacturers in year 2022 by Industry outlook.
3. Accored with the status of One Star Export House in accordance with the provisions of the Foreign Trade Policy, 2015-2020- a recognition awarded by Ministry of Commerce & Industry, Government of India
4. Accored with ISO 9001:2015 for Quality Management System.
5. Accored with ISO 14001:2015 for Environmental Management System.
6. Accored with ISO 45001:2018 for Occupational Health & Safety Management System.
7. Accored with Bureau of Indian Standards licence for IS 280: 2006 vide license number CM/L-7700005111
8. Accored with Bureau of Indian Standards licence for IS 3975: 1999 vide license number CM/L-7100039637
9. Accored with Bureau of Indian Standards licence for IS 398: PART 2: 1996 vide license number CM/L-7800023314
1. Indian Electrical and Electronic Manufacturer Association (IEEMA)
2. Steel Wire Manufacturers Association of India (SWMAI)
3. Engineering Exports Promotion Council (EEPC)
4. Weldmesh Manufacturers Association (WMA)
5. Sarigam Industries Association (SIA)
6. Silvassa Industries and Manufacturers Association (SIMA)
We have a strong track record of revenue growth and profitability. The following table sets forth certain key performance indicators for the financial years indicated
Key Performance Indicators of our Company
(Amount in Lakhs, except percentages and ratios)
| Key Financial Performance | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
| Revenue from operations | 55,251.22 | 44,651.15 | 37,030.69 | 32,047.72 |
| EBITDA | 3,996.99 | 3,634.14 | 2,650.00 | 1,441.04 |
| EBITDA Margin | 7.23 | 8.14 | 7.16 | 4.50 |
| PAT | 2,101.51 | 1,806.03 | 1,239.18 | 650.02 |
| Interest Coverage Ratio | 6.09 | 4.28 | 3.42 | 3.11 |
| Current Ratio | 6.48 | 1.50 | 1.50 | 1.66 |
| Debt-equity ratio | 0.05 | 1.22 | 1.25 | 1.24 |
| PAT Margin % | 3.80 | 4.04 | 3.35 | 2.03 |
| Networth | 20,139.66 | 8,105.96 | 6,299.93 | 5,027.80 |
| RoE % | 14.88 | 25.07 | 21.88 | 13.82 |
| Net profit margin (%) | 3.80 | 4.04 | 3.35 | 2.03 |
| Operating Profit Margin (%) | 6.09 | 7.16 | 6.38 | 3.91 |
| Inventory turnover ratio | 9.38 | 9.60 | 9.92 | 12.84 |
| Return on Net Worth % | 10.43 | 22.28 | 19.67 | 12.93 |
| Debtors turnover ratio | 7.08 | 6.81 | 6.73 | 6.55 |
| RoCE% | 21.16 | 17.32 | 31.29 | 21.16 |
Notes:
Revenue from operation means revenue from sale of services and other operating revenues.
EBITDA is calculated as Profit before tax +Depreciation + Interest Expense - Other Income.
EBITDA Margin is calculated as EBITDA divided by Revenue from Operations.
PAT is calculated as Profit Before Tax - Tax Expenses.
PAT Margin is calculated as PAT for the period /year divided by revenue from operations.
Interest Coverage Ratio is calculated by dividing Earnings Before Interest and Taxes (EBIT) by the Interest Expense.
Operating Profit Margin is calculated by dividing the Operating Profit by the Revenue and multiplying the result by 100.
Inventory Turnover Ratio is calculated by dividing the Cost of Goods Sold (COGS) by the Average Inventory, indicating how many times a companys inventory is sold and replaced over a specific period.
Return on Net Worth (RoNW) is calculated by dividing the Net Profit by the Average Shareholders Equity and multiplying the result by 100.
Debtors Turnover Ratio is calculated by dividing the Revenue by the Average Trade Receivables, indicating how efficiently a company collects payments from its customers over a given period.
Current Ratio is calculated by dividing a companys Current Assets by its Current Liabilities, indicating its ability to meet short-term obligations.
Debt-Equity Ratio is calculated by dividing the Companys Total Debt by its Shareholders Equity, reflecting the proportion of debt used to finance the business relative to owners funds.
Net Profit Margin is calculated by dividing the Net Profit by the Revenue and multiplying the result by 100, which indicates the percentage of revenue that remains as profit after all expenses are deducted.
Return on Equity is ratio of Profit after Tax and Average Shareholder Equity.
Return on Capital Employed is calculated as EBIT divided by capital employed, where capital employed is defined as shareholders equity plus total borrowings (current & non-current) and EBIT is defined as profits before taxes and interest expenses less other income.
Net Worth = Equity Share Capital + Reserve and Surplus (including surplus in the Statement of Profit & Loss) - Preliminary Expenses to the extent not written-off.
a) General economic and business conditions in the markets in which we operate and in the local, regional, national and international economies;
b) Any change in government policies resulting in increases in taxes payable by us;
c) Our manufacturing activity is subject to availability of raw material and the costs of the raw materials. Any shortage in availability or fluctuations in raw material prices, may have a material adverse effect on our business, financial condition, results of operations and cash flows
d) Changes in laws and regulations that apply to the industries in which we operate.
e) Our ability to retain our key managements persons and other employees;
f) Our failure to keep pace with rapid changes in technology;
g) Our ability to grow our business;
h) Our ability to make interest and principal payments on our existing debt obligations and satisfy the other covenants contained in our existing debt agreements;
i) Our ability to comply with changes in safety, health, environmental and labour laws and other applicable regulations;
j) General economic, political and other risks that are out of our control;
The following discussion on results of operations should be read in conjunction with the Financial Statements for the year ended March 31, 2026, March 31, 2025, March 31, 2024 and March 31, 2023:
(Amount in Lakhs)
| Particular | For the financial year ended | |||||||
| FY 25-26 | Percentage (%) of Total Income | FY 24-25 | Percentage (%) of Total Income | FY 23-24 | Percentage (%) of Total Income | FY 22-23 | Percentage (%) of Total Income | |
| Income | 55634.97 | 100.00% | 44920.61 | 100.00% | 37,260.37 | 100.00% | 32,190.05 | 100.00% |
| Revenue from Operation | 55251.22 | 99.31% | 44651.15 | 99.40% | 37,030.69 | 99.38% | 32,047.72 | 99.56% |
| Other Income | 383.75 | 0.69% | 269.46 | 0.60% | 229.68 | 0.62% | 142.33 | 0.44% |
| Expenditure | 52823.11 | 94.95% | 42472.10 | 94.55% | 35,589.06 | 95.51% | 31,340.02 | 97.36% |
| Cost of Material Consumed | 45200.55 | 81.24% | 36,465.68 | 81.18% | 29,851.93 | 80.12% | 26,593.35 | 82.61% |
| Change in inventories of finished goods, work in progress and stock in trade | 123.13 | 0.22% | (715.55) | -1.59% | (103.01) | -0.28% | (59.47) | -0.18% |
| Employee Benefit Expenses | 1,860.25 | 3.34% | 1,541.04 | 3.43% | 1,387.73 | 3.72% | 1,096.91 | 3.41% |
| Finance Cost | 602.46 | 1.08% | 802.10 | 1.79% | 731.19 | 1.96% | 440.00 | 1.37% |
| Depreciation and Amortization Expenses | 632.31 | 1.14% | 438.97 | 0.98% | 287.69 | 0.77% | 187.25 | 0.58% |
| Other Expenses | 4,404.41 | 7.92% | 3,399.86 | 8.77% | 3,433.53 | 9.21% | 3,081.97 | 9.57% |
| Total Expenditure | 52,823.11 | 94.95% | 42,472.10 | 94.55% | 35,589.06 | 95.51% | 31,340.02 | 97.36% |
| Profit/(Loss) Before Exceptional & extraordinary items & Tax | 2,811.86 | 5.05% | 2,448.50 | 5.45% | 1,671.31 | 4.49% | 850.03 | 2.64% |
| Exceptional and Extra-ordinary items | - | - | ||||||
| Profit/(Loss) Before Tax | 2,811.86 | 5.05% | 2,448.50 | 5.45% | 1,671.31 | 4.49% | 850.03 | 2.64% |
| Tax Expense: | ||||||||
| Tax Expense for Current Year | 720.00 | 1.29% | 579.00 | 1.29% | 413.00 | 1.11% | 187.00 | 0.58% |
| Deferred Tax | (9.65) | -0.02% | 41.28 | 0.09% | 10.88 | 0.03% | 13.00 | 0.04% |
| Previous Year Tax | - | 22.19 | 0.05% | 8.26 | 0.02% | - | ||
| Net Current Tax Expenses | 710.35 | 1.28% | 642.47 | 1.43% | 432 | 1.16% | 200 | 0.62% |
| Profit/(Loss) for the year | 2,101.5 | 3.78% | 1,806.03 | 4.02% | 1,239.18 | 3.33% | 650.02 | 2.02% |
Revenue from operations Revenue from operations mainly consists of income from the business of manufacturing and supplying of various steel wires and cables such as Mild Steel (MS) Wire, Carbon steel wire, Galvanized Iron (GI) Wire, Cable Armour Wire, Galvasys Wire, ACSR Core wire, Aluminium Clad Steel (ACS) Wire etc. along with Optical Ground Wires (OPGW) and Optical Fibre Cable (OFC), catering to the needs of power transmission, infrastructure, telecommunications, agro-based and allied industries.
Other Income Our other income primarily comprises of Currency rate difference, Interest Income, commission income, rent income, bad-debts recovered etc.
Companys expenses consist of cost of material consumed, Purchase of stock-in-trade, changes in inventory, employee benefit expenses, finance cost, depreciation and amortization expenses and other expenses
Cost of Goods Sold Our cost of goods sold comprises of purchase Raw Material, stock-in-trade and change in inventories of raw material, WIP and finished goods.
Employee benefits expense Our employee benefits expense primarily comprises of Salaries, wages & bonus, Director Remuneration, Contribution to provident and other funds, Leave encashment expenses and staff welfare expenses.
Finance Costs Our finance cost includes Interest on loan paid to Bank and other borrowing costs.
Depreciation and Amortization Expenses: Depreciation includes depreciation on Building, Plant & Equipments, furniture & fixtures, Vehicles, office equipments, computers etc.
Other Expenses:
Our other expenses include Power, Fuel & Water charges, Job-work charges, Factory rent, loading and unloading charges, freight inward expenses, legal & professional charges, repair and maintenance expenses, travelling expenses, Advertisement & promotional expenses, Freight outward etc.
Total income for the financial year ending March 31, 2026 stood at INR 55,634.97 Lakhs.
Revenue from Operations during the financial year ending March 31, 2026 stood at INR 55,251.22 Lakhs.
Other Income during the financial year ending March 31, 2026 stood at INR 383.75 Lakhs.
Total Expenses during the financial year ending March 31, 2026 stood at INR 52,823.11 Lakhs.
Cost of Material Consumed during the financial year ending March 31, 2026 stood at INR 45,200.55 Lakhs.
Changes in inventories of WIP & Finished Goods during the financial year ending March 31, 2026 stood at INR 123.13 Lakhs
Employee benefits expense during the financial year ending March 31, 2026 stood at INR 1,860.25
Finance costs during the financial year ending March 31, 2026 stood at INR 602.46 Lakhs.
Depreciation and Amortization Expenses during the financial year ending March 31, 2026 stood at INR 632.31 Lakhs.
Other Expenses during the financial year ending March 31, 2026 stood at INR 4,401.41 Lakhs.
Profit Before tax: The Company reported Profit Before Tax for the financial year ending March 31, 2026 of INR 2,811.86 Lakhs.
Profit After Tax:
The Company reported Profit After Tax for the financial year ending March 31, 2026 of INR 2,101.51 Lakhs.
Our human capital is central to driving our growth strategy and ensuring smooth daily operations. At Systematic Industries Limited, we are committed to attracting and retaining top talent. Our workforce comprises experienced professionals with deep industry expertise, contributing significantly to the Companys overall performance. As of March 31, 2026, we employed 421 (Four Hundred and Twenty One) permanent staff members. Our head office, located in Mulund West, Mumbai, serves as the central hub for administration and reporting. We maintain a healthy and collaborative relationship with our employees. There have been no significant instances of labour disputes, work stoppages, strikes, or other disruptions. Our team members consistently demonstrate integrity and dedication within their respective roles, ensuring smooth operations and the achievement of our corporate objectives.
The Companys internal financial controls related to its financial statements are appropriate and aligned with the size and nature of its business operations. An independent team of chartered accountants conducts internal audits across various locations and their findings are summarized and presented to the audit committee for review and feedback. The audit committee holds discussions with the Companys statutory auditors to gain insights into the financial statements, reporting systems, internal controls, and adherence to established accounting policies and procedures.
The Management Discussion and Analysis Report contains certain statements relating to the Companys objectives, projections, estimates, and expectations, which may be considered forward-looking statements within the meaning of applicable laws and regulations. Such statements are based on current assumptions and expectations of the management and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied herein.
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