G.S. Auto International equity rises to Rs 43.66 crore

G.S. Auto International Limited reported total equity of Rs 43.66 crore at September 30, 2026, up from Rs 26.98 crore at March 31, 2026, as equity share capital doubled to Rs 14.51 crore and other equity increased to Rs 29.15 crore in the standalone unaudited half-year balance sheet.

How did G.S. Auto International's equity change by September 2026?

G.S. Auto International's total equity increased by Rs 16.68 crore, from Rs 26.98 crore on March 31, 2026 to Rs 43.66 crore on September 30, 2026. Equity share capital rose from Rs 7.26 crore to Rs 14.51 crore, while other equity rose from Rs 19.73 crore to Rs 29.15 crore. The company reported the balances in its standalone unaudited results for the half year ended September 30, 2026.

G.S. Auto International's reported equity share capital doubled over the six-month comparison period. The quarterly results state that the face value is Rs 5 per equity share and identify 2,90,29,160 equity shares as partly paid at Rs 2.50 each. Separately, the cash-flow statement records a Rs 1.26 crore increase in share capital and a Rs 6.94 crore increase in securities premium during the period ended September 30, 2026.

What changed in G.S. Auto International's assets by September?

G.S. Auto International's total assets increased by Rs 11.00 crore to Rs 105.72 crore at September 30, 2026, from Rs 94.72 crore at March 31, 2026. Current assets rose by Rs 12.46 crore to Rs 63.49 crore, while non-current assets declined by Rs 1.39 crore to Rs 42.23 crore. Miscellaneous expenditure to be written off fell to nil from Rs 7.20 lakh.

G.S. Auto International reported higher inventory, trade receivables and other current assets at the September reporting date. Inventories rose to Rs 33.40 crore from Rs 29.97 crore, trade receivables increased to Rs 19.83 crore from Rs 17.30 crore, and other current assets rose to Rs 5.73 crore from Rs 2.69 crore. Other bank balances increased to Rs 4.28 crore from Rs 87.74 lakh, while cash and cash equivalents increased to Rs 17.53 lakh from Rs 11.55 lakh.

The expansion in current assets was concentrated in operating balances rather than cash alone. Inventory increased by Rs 3.43 crore and receivables by Rs 2.53 crore, while the cash-flow statement records corresponding working-capital outflows of Rs 3.43 crore for inventories and Rs 2.53 crore for trade receivables in the half year. These movements occurred as G.S. Auto International reported revenue from operations of Rs 75.09 crore for the half year.

How did G.S. Auto International's borrowing and liabilities move?

G.S. Auto International's total liabilities declined by Rs 5.68 crore to Rs 62.06 crore at September 30, 2026, from Rs 67.74 crore at March 31, 2026, although long-term borrowings increased. Long-term borrowings rose by Rs 3.08 crore to Rs 9.36 crore, while short-term borrowings declined by Rs 32.47 lakh to Rs 18.03 crore. Combined reported borrowings increased by Rs 2.75 crore to Rs 27.40 crore.

G.S. Auto International's lower total liabilities reflected changes in current payables and other financial liabilities. Amounts due to creditors other than micro and small enterprises fell to Rs 15.21 crore from Rs 19.67 crore, other financial liabilities declined to Rs 4.04 crore from Rs 8.03 crore, and amounts due to micro and small enterprises declined to Rs 2.65 crore from Rs 3.26 crore. Other current liabilities also decreased to Rs 4.61 crore from Rs 5.05 crore.

G.S. Auto International's non-current liabilities moved differently from its current liabilities. Other non-current liabilities declined to Rs 6.01 crore from Rs 8.66 crore, while long-term provisions fell to Rs 1.61 crore from Rs 1.79 crore. Non-current lease liabilities were unchanged at Rs 15.06 lakh and current lease liabilities were unchanged at Rs 6.42 lakh. These reported movements accompanied the increase in long-term borrowings.

What do G.S. Auto International's profit and cash flows show?

G.S. Auto International reported net profit of Rs 2.48 crore for the half year ended September 30, 2026, compared with Rs 1.28 crore for the half year ended September 30, 2025. Profit before tax was Rs 3.05 crore, compared with Rs 1.52 crore a year earlier, while revenue from operations increased to Rs 75.09 crore from Rs 68.81 crore. The company reports one operating segment, Auto Components.

G.S. Auto International recorded net cash used in operating activities of Rs 14.14 crore for the period ended September 30, 2026, compared with net cash generated from operating activities of Rs 7.64 crore for the year ended March 31, 2026. The half-year operating cash movement included increases in inventories, trade receivables, other financial assets and other assets. Operating profit before working-capital changes was Rs 6.75 crore.

G.S. Auto International financed the half-year cash requirement through Rs 15.09 crore of net cash raised from financing activities. Alongside the Rs 1.26 crore increase in share capital and Rs 6.94 crore increase in securities premium, the cash-flow statement records Rs 2.75 crore of net proceeds from borrowings. Investing activities used Rs 89.44 lakh, including Rs 97.44 lakh spent on property, plant and equipment and capital work in progress, leaving cash and cash equivalents at Rs 17.52 lakh.

Conclusion

G.S. Auto International's September 2026 balance sheet shows a Rs 16.68 crore increase in total equity and a Rs 5.68 crore reduction in total liabilities, taking total assets to Rs 105.72 crore. The reported shift combined doubled equity share capital, higher other equity and a Rs 12.46 crore increase in current assets, particularly inventory and trade receivables.

The disclosed cash-flow statement leaves working-capital conversion as the principal matter to watch in subsequent financial disclosures. Inventory of Rs 33.40 crore and trade receivables of Rs 19.83 crore at September 30, 2026 coincided with Rs 14.14 crore of net cash used in operating activities during the half year, despite Rs 2.48 crore of net profit.