DJML assets triple as FY26 receivables reach Rs 51.0862 crore

DJ Mediaprint & Logistics Limited reported total assets of Rs 122.8583 crore in FY26, more than three times Rs 40.1722 crore in FY22, led by trade receivables of Rs 51.0862 crore and inventories of Rs 26.7346 crore. Current assets supplied Rs 60.9944 crore of the Rs 82.6861 crore increase over the period.

What drove DJML’s asset growth through FY26?

DJML’s asset growth was driven primarily by current assets, which rose from Rs 31.5425 crore in FY22 to Rs 92.5369 crore in FY26. Non-current assets increased from Rs 8.6297 crore to Rs 30.3216 crore over the same period, making current assets responsible for about three-quarters of the Rs 82.6861 crore total asset increase.

The largest annual change came in FY25, when total assets rose to Rs 101.0368 crore from Rs 60.0478 crore in FY24. Assets then increased by a further Rs 21.8215 crore in FY26, reaching Rs 122.8583 crore, while current assets increased by Rs 20.8736 crore during that year.

Property, plant and equipment, or PPE, expanded from Rs 5.2972 crore in FY22 to Rs 19.6297 crore in FY24 before declining to Rs 17.0534 crore in FY26. Financial investments within non-current assets moved from Rs 0.0545 crore in FY22 to Rs 7.8995 crore in FY26, having first reached Rs 7.7970 crore in FY25.

How did DJML’s trade receivables change in FY26?

DJML’s trade receivables rose to Rs 51.0862 crore in FY26 from Rs 16.2751 crore in FY22, an increase of Rs 34.8111 crore. The FY26 balance was Rs 25.4296 crore higher than the Rs 25.6566 crore reported in FY25 and was the largest individual component of current assets.

The rise was not uniform across the five reported years. Receivables fell to Rs 11.8274 crore in FY23, then increased to Rs 17.9729 crore in FY24 and Rs 25.6566 crore in FY25 before the FY26 step-up to Rs 51.0862 crore.

Revenue from operations grew from Rs 47.3447 crore in FY22 to Rs 116.3649 crore in FY26, while total income increased from Rs 47.4901 crore to Rs 116.6539 crore. The presentation does not disclose receivable ageing, customer concentration, collection days, credit terms or post-balance-sheet collections, so it does not explain the timing or recoverability of the FY26 receivable balance.

What happened to DJML’s inventory and other current assets?

DJML’s inventories increased from Rs 10.2153 crore in FY22 to Rs 26.7346 crore in FY26, a rise of Rs 16.5193 crore. The inventory balance declined to Rs 6.3590 crore in FY24, then increased to Rs 19.7878 crore in FY25 and rose again by Rs 6.9468 crore in FY26.

Other current assets followed a different path, reaching Rs 21.3709 crore in FY25 from Rs 3.2003 crore in FY22 before declining to Rs 10.9995 crore in FY26. Current tax assets were Rs 2.5181 crore in FY26, compared with Rs 4.3338 crore in FY25, while cash and cash equivalents increased to Rs 1.1985 crore from Rs 0.5142 crore.

Receivables and inventories together amounted to Rs 77.8208 crore in FY26, compared with Rs 26.4904 crore in FY22. That Rs 51.3304 crore increase exceeded the Rs 34.8111 crore rise in receivables alone and shows that both customer balances and stock were central to the increase in current assets.

How was DJML’s larger balance sheet funded?

DJML’s balance-sheet expansion was funded mainly through equity-related balances, with total equity rising from Rs 25.2748 crore in FY22 to Rs 89.2587 crore in FY26. Equity share capital increased from Rs 10.8278 crore in FY22 to Rs 34.3779 crore in FY26, while other equity rose from Rs 14.4470 crore to Rs 36.8146 crore.

Share application money pending allotment was nil from FY22 through FY24, then appeared at Rs 23.7151 crore in FY25 and stood at Rs 18.0662 crore in FY26. This balance is included in the total equity figures in the FY26 balance-sheet table, alongside share capital and other equity.

Total borrowings, combining current and non-current borrowings, rose from Rs 5.2317 crore in FY22 to Rs 26.4331 crore in FY26. The FY26 amount comprised Rs 15.9891 crore of non-current borrowings and Rs 10.4440 crore of current borrowings, compared with Rs 3.4673 crore and Rs 12.9257 crore respectively in FY25.

Why did DJML’s current liabilities fall in FY26?

DJML’s total current liabilities fell to Rs 15.8410 crore in FY26 from Rs 32.3423 crore in FY25, a reduction of Rs 16.5013 crore. Trade payables accounted for most of that movement, declining to Rs 0.7168 crore from Rs 15.9817 crore, while current borrowings fell by Rs 2.4817 crore.

Non-current liabilities moved in the opposite direction, rising to Rs 17.7586 crore in FY26 from Rs 5.1019 crore in FY25. The change reflected non-current borrowings of Rs 15.9891 crore in FY26, up from Rs 3.4673 crore, while lease liabilities were Rs 1.7695 crore.

DJML’s presentation contains two FY25 equity figures that differ by Rs 2.0000 crore. The financial-highlights page reports net worth of Rs 65.5926 crore for FY25, while the historical liabilities table reports total equity of Rs 63.5926 crore; the presentation does not explain this difference.

Conclusion

DJML’s FY22-to-FY26 balance-sheet growth was concentrated in current assets, especially the Rs 34.8111 crore increase in trade receivables and the Rs 16.5193 crore increase in inventories. Equity-related balances rose by Rs 63.9839 crore over the period, while total borrowings increased by Rs 21.2014 crore as total assets reached Rs 122.8583 crore.

The next disclosed financial update will show whether FY26 receivables of Rs 51.0862 crore, inventories of Rs 26.7346 crore and borrowings of Rs 26.4331 crore change with operations after FY26. It should also clarify, if management addresses it, the Rs 2.0000 crore difference between the FY25 net-worth figure in the financial highlights and total equity in the balance-sheet table.