Hindcon Chemicals Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Hindcon Chemicals Limited reported audited standalone revenue of Rs 15,509 lakhs and consolidated revenue of Rs 15,390 lakhs for FY 2026. Standalone profit before tax was Rs 455 lakhs while consolidated profit before tax was Rs 440 lakhs, both down from prior year levels. The company posted negative operating cash flows of Rs 337 lakhs (standalone) and Rs 390 lakhs (consolidated), a significant deterioration from positive Rs 287 lakhs in the prior year. Inventories nearly tripled year-over-year (up Rs 474 lakhs) and trade receivables increased by Rs 266 lakhs. Short-term borrowings surged from Rs 77 lakhs to Rs 1,072 lakhs. The Board did not recommend any dividend for FY 2025-26 citing conservation of cash for working capital requirements of new and existing projects. Statutory auditors issued an unmodified opinion on both standalone and consolidated results. Subsidiaries Hindcon Solutions and Vision Speed Works posted losses, while the LLP Hindcon Speciality Chemicals also incurred losses.
The company shows deteriorating cash generation despite stable revenues, with significant working capital stress evident from inventory buildup and rising receivables. The sharp increase in borrowings and negative operating cashflow are concerning for shareholders, indicating tighter liquidity position despite the auditors giving clean opinion.