Chrome Silicon advances rise Rs 5.42 crore; borrowing up Rs 5.14 crore

Chrome Silicon Limited recorded a Rs 5.42 crore increase in loans and advances during the half year ended 30 September 2026, while non-current borrowings rose Rs 5.14 crore to Rs 35.1961 crore. The cash-flow statement shows a Rs 5.4216 crore land-advance outflow, and cash and cash equivalents closed at Rs 11.26 lakh.

How did Chrome Silicon’s loans and advances change?

Chrome Silicon’s loans and advances rose Rs 5.4217 crore to Rs 12.0714 crore at 30 September 2026 from Rs 6.6497 crore at 31 March 2026. The balance is classified as a non-current financial asset, while the half-year cash-flow statement records a Rs 5.4216 crore increase in land advance within investing activities.

The land-advance movement was the only investing cash-flow item reported for the half year ended 30 September 2026. Chrome Silicon reported no movement in property, plant and equipment purchases or sales, investments, or capital work-in-progress, resulting in net cash used in investing activities of Rs 5.4216 crore, against net investing cash generated of Rs 48.54 lakh in the year ended 31 March 2026.

How was Chrome Silicon’s land advance financed?

Chrome Silicon reported Rs 4.4115 crore of net cash from financing activities in the half year ended 30 September 2026, partly offsetting the Rs 5.4216 crore land-advance outflow. Financing cash flow comprised Rs 4.4191 crore of borrowing proceeds less Rs 76,000 of interest paid; the repayment-of-borrowings row is shown as “N” without a numerical amount.

The Rs 4.4115 crore financing inflow was lower than the Rs 18.5934 crore inflow reported for the year ended 31 March 2026. In that earlier year, Chrome Silicon reported Rs 18.6225 crore of borrowing proceeds and Rs 2.91 lakh of interest paid.

Non-current borrowings increased Rs 5.1360 crore over the six months, whereas current borrowings declined Rs 91.71 lakh. Chrome Silicon’s cash and cash equivalents increased by Rs 19,000, from Rs 11.07 lakh at 31 March 2026 to Rs 11.26 lakh at 30 September 2026; bank balances other than cash equivalents rose to Rs 2.7607 crore from Rs 2.7095 crore.

What drove Chrome Silicon’s operating cash flow?

Chrome Silicon generated Rs 1.0120 crore of net cash from operating activities in the half year ended 30 September 2026, compared with Rs 19.1026 crore of cash used in operations in the year ended 31 March 2026. The half-year cash flow began with a pre-tax loss of Rs 4.0791 crore and included a Rs 3.4844 crore depreciation and amortisation adjustment.

The resulting operating loss before working-capital changes was Rs 58.71 lakh. A Rs 5.8173 crore decrease in inventories and an Rs 85.84 lakh increase in trade and other payables were offset by a Rs 5.0766 crore increase in trade and other receivables and prepayments, leaving cash generated from operations of Rs 1.0120 crore.

The balance sheet shows inventories at Rs 33.7499 crore at 30 September 2026, down from Rs 39.5672 crore at 31 March 2026. Trade receivables were Rs 3.6044 crore compared with Rs 3.5962 crore, while trade payables increased to Rs 83.8211 crore from Rs 82.9626 crore, broadly aligning with the reported working-capital cash movements.

What else changed on Chrome Silicon’s balance sheet?

Chrome Silicon’s total assets increased Rs 1.1986 crore to Rs 231.1462 crore at 30 September 2026 from Rs 229.9476 crore at 31 March 2026. The Rs 5.4217 crore increase in loans and advances and Rs 5.0115 crore rise in other current assets were partly offset by a Rs 5.8173 crore inventory reduction and a Rs 3.4844 crore decline in property, plant and equipment.

Property, plant and equipment stood at Rs 112.1308 crore at 30 September 2026, against Rs 115.6152 crore at the preceding year-end. Capital work-in-progress was unchanged at Rs 10.4916 crore, and investments were also unchanged at Rs 22.5189 crore across the two balance-sheet dates.

Other equity moved to negative Rs 5.2880 crore from negative Rs 1.2089 crore, a decline of Rs 4.0791 crore, while equity share capital remained Rs 16.3950 crore. Other non-current financial liabilities remained Rs 74.5463 crore, deferred-tax liabilities stayed Rs 3.2180 crore, and other current liabilities rose to Rs 19.5400 crore from Rs 19.3397 crore.

What do operations and audit disclosures mean for Chrome Silicon?

Chrome Silicon said its ferro-alloys manufacturing activities have been suspended since 30 May 2025 because of significant market fluctuations. Sales or income from operations was Rs 1.9889 crore for the half year ended 30 September 2026, compared with Rs 52.70 lakh in the corresponding 2025 half-year.

Other income was Rs 4.0655 crore, compared with Rs 4.2553 crore a year earlier, taking total income to Rs 6.0544 crore from Rs 4.7823 crore. Chrome Silicon reported a half-year loss of Rs 4.0791 crore, narrower than the Rs 5.1458 crore loss in the corresponding prior-year period, and said other income comprises interest income and sales of surplus stores and spares.

Chrome Silicon stated that segment reporting under Indian Accounting Standard 108 was not applicable because it is engaged in a single product line. Its 12 November 2026 filing also said auditors had issued qualifications for the period ended 30 June 2026, with management replies attached to the audit report; the annexure for the September 2026 period showed the same Rs 6.0544 crore total income and Rs 4.0791 crore loss before and after adjustments for qualifications.

Conclusion

Chrome Silicon’s half-year statements link a Rs 5.4216 crore land-advance investing outflow with a Rs 5.4217 crore increase in loans and advances and a Rs 5.1360 crore rise in non-current borrowings. Operating cash generation of Rs 1.0120 crore and financing inflows of Rs 4.4115 crore left cash and cash equivalents at Rs 11.26 lakh at 30 September 2026.

The next operational development disclosed by Chrome Silicon is its plan to monitor market conditions and take appropriate steps to resume ferro-alloys manufacturing at a suitable time. Future filings can show whether the land advance changes, whether borrowing proceeds are followed by repayments, and whether the matters behind the June 2026 audit qualifications are addressed.