Submission of Audited Financial results for the quarter and year ended 31.03.206
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Shangar Decor Ltd reported FY2026 total income of Rs. 2,326.64 Lakhs, up 25.2% from Rs. 1,858.95 Lakhs in FY2025. Net profit after tax grew to Rs. 147.46 Lakhs from Rs. 80.91 Lakhs, an 82% increase. EBITDA margin expanded significantly to approximately 22.9% from 16.3% in the prior year. Cash flow from operations turned positive at Rs. 1,971.52 Lakhs (vs negative Rs. 1,044.17 Lakhs). However, the auditors flagged material concerns: lack of confirmation letters and reconciliations for trade receivables/payables, missing inventory valuation documents, undisclosed MSME creditor bifurcation, unconfirmed loans, and investments lacking supporting documentation. Despite these concerns, the auditor issued an unmodified opinion.
The company delivered strong top-line and bottom-line growth with improved profitability and cash generation. However, the auditor's emphasis of matter highlighting multiple unsupported balances raises questions about the reliability of reported figures, and investors should monitor for regulatory compliance implications.