(1) The Standalone Audited Financial Statements for Quarter and Year ended 31st March 2026 (2) Appointment of Internal Auditor for FY 2026-27
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Bombay Super Hybrid Seeds reported strong revenue growth with net sales of Rs 344.08 crore for FY26, up 34% from Rs 256.76 crore in FY25. However, profit after tax remained flat at Rs 26.40 crore (vs Rs 26.41 crore), indicating margin pressure. EBITDA margin contracted from 11.44% to 8.74% due to higher input costs. The company has significant working capital concerns with negative operating cash flow of Rs 15.80 crore, driven by a Rs 37.51 crore inventory buildup. Total borrowings increased to Rs 108.27 crore, and there are pending income tax disputes of Rs 1,915.44 lakh. Statutory auditors issued an unmodified opinion with an emphasis of matter on trade receivables, trade payables, employees, and loans and advances. The internal auditor was reappointed for FY27.
While revenue growth of 34% is positive, the flat PAT and margin compression raise concerns. The negative operating cash flow and high working capital requirements could impact liquidity. The clean audit with unmodified opinion is reassuring, though the internal audit system needs strengthening as noted by auditors.