Dynamic Microsteppers Limited cash falls to Rs 11,043

Dynamic Microsteppers Limited ended the half year to September 30, 2026 with cash and cash equivalents of Rs 11,043, after a Rs 12.75 lakh net operating cash outflow exceeded an Rs 11.85 lakh increase in borrowings. Cash declined by Rs 90,744 from the Rs 1.02 lakh balance at the start of the financial year.

How did Dynamic Microsteppers’ cash change by September 2026?

Dynamic Microsteppers’ cash and cash equivalents fell by Rs 90,744 in the half year ended September 30, 2026, to Rs 11,043 from Rs 1.02 lakh at the beginning of the year. The opening balance matched the cash and cash equivalents reported at March 31, 2026, linking the half-year cash-flow statement to the March balance sheet.

The reported cash movement consisted of a Rs 12.75 lakh operating outflow and an Rs 11.85 lakh borrowing-related financing inflow. The investing-activities section contained no reported amount, so the difference between those two reported flows was the Rs 90,744 reduction in cash. The financing section describes the positive amount as an increase in borrowings, although its subtotal is labelled net cash used in financing activities.

Cash and cash equivalents in the September balance sheet were also Rs 11,043, compared with Rs 1.02 lakh at March 31, 2026. Total current assets fell to Rs 12,246 from Rs 1.04 lakh over the same period, with other current assets reported at Rs 1,203 at September 30.

What drove Dynamic Microsteppers’ operating cash outflow?

Dynamic Microsteppers’ Rs 14.01 lakh loss before tax was the starting point for the Rs 12.75 lakh net cash used in operating activities during the half year. The cash-flow statement reports no amount for depreciation, interest received or financial expenses, leaving operative profit before working-capital changes at a negative Rs 14.01 lakh. It also reports no direct-tax payment.

Working-capital changes partly offset the loss. Other current assets decreased by Rs 1,479, while other current liabilities increased by Rs 1.24 lakh, reducing the cash deficit to Rs 12.75 lakh. The filing does not report cash-flow amounts for trade receivables, inventory, short-term loans and advances, trade creditors or short-term provisions.

The half-year loss before tax of Rs 14.01 lakh was lower than the Rs 15.90 lakh loss reported for the half year ended September 30, 2025. However, the cash-flow comparative is the full year ended March 31, 2026, rather than the corresponding prior half year; net cash used in operating activities for that full year was Rs 16.41 lakh.

How much did borrowings increase at Dynamic Microsteppers?

Dynamic Microsteppers reported an Rs 11.85 lakh increase in borrowings in the half-year cash-flow statement, which supplied cash during the period ended September 30, 2026. That inflow covered most of the Rs 12.75 lakh operating cash outflow but left a Rs 90,744 shortfall, resulting in the lower closing cash balance.

The increase was smaller than the Rs 17.08 lakh rise in borrowings reported for the year ended March 31, 2026. In that earlier full year, the Rs 17.08 lakh financing inflow exceeded the Rs 16.41 lakh operating outflow, producing a Rs 66,600 net increase in cash. The September 2026 half year instead recorded a net decline.

Non-current borrowings rose to Rs 1.92 crore at September 30, 2026 from Rs 1.80 crore at March 31, 2026. The Rs 11.85 lakh change in the balance-sheet borrowing figure matches the borrowing increase shown in the cash-flow statement. No short-term borrowing balance or financial-expense amount was reported in the September half-year statements.

What did Dynamic Microsteppers’ balance sheet show at September 2026?

Dynamic Microsteppers reported total assets of Rs 37.28 lakh at September 30, 2026, down from Rs 38.21 lakh at March 31, 2026. Property, plant and equipment remained unchanged at Rs 37.16 lakh at both dates. The asset decline was therefore reflected in current assets, including the lower cash balance.

Total equity was negative Rs 1.73 crore at September 30, compared with negative Rs 1.59 crore at March 31. Paid-up equity share capital was unchanged at Rs 3.45 crore, while other equity moved to negative Rs 5.18 crore from negative Rs 5.04 crore. The Rs 14.01 lakh movement corresponds with the reported half-year loss.

Current liabilities increased to Rs 18.71 lakh from Rs 17.47 lakh between March 31 and September 30, 2026. The Rs 1.24 lakh rise in other current liabilities shown in the cash-flow statement was one component of the working-capital movement. Dynamic Microsteppers said it operates in a single business segment, so the filing provides no segment-level split of revenue, assets or cash flows.

What were Dynamic Microsteppers’ September-quarter results?

Dynamic Microsteppers reported a Rs 5.34 lakh loss for the quarter ended September 30, 2026, following a Rs 8.67 lakh loss in the June 2026 quarter. The September-quarter loss was also higher than the Rs 3.42 lakh loss reported for the quarter ended September 30, 2025. The company reported no income from operations or other income in the presented results.

Other expenses were Rs 5.34 lakh in the September quarter, compared with Rs 8.67 lakh in the preceding quarter and Rs 3.42 lakh a year earlier. For the half year, other expenses and the loss for the period were each Rs 14.01 lakh, versus Rs 15.90 lakh in the corresponding prior-year half year.

Basic and diluted earnings per share were negative Rs 0.41 for the half year ended September 30, 2026, compared with negative Rs 0.46 a year earlier. The unaudited standalone results were reviewed by SSRV & Associates, Chartered Accountants, which stated on November 14, 2026 that nothing had come to its attention suggesting a material misstatement.

Conclusion

Dynamic Microsteppers’ September cash balance reflected an operating cash requirement that additional borrowings did not fully cover. The Rs 12.75 lakh operating outflow, against an Rs 11.85 lakh increase in borrowings, reduced cash to Rs 11,043 and coincided with non-current borrowings of Rs 1.92 crore and negative total equity of Rs 1.73 crore.

The filing does not disclose a cash target, financing plan or capital-expenditure programme. The unresolved matter for subsequent disclosures is whether operating losses and working-capital movements continue to require additional borrowing after the Rs 14.01 lakh half-year loss and the September 30 cash balance.