Acme India FY26 Vibhata revenue reached Rs 67.28 crore

Acme India Industries Limited recorded Rs 67.28 crore of revenue from operations from Vibhata Solutions LLP in FY26 and showed Rs 79.39 crore receivable from that entity at March 31, 2026. Acme India classifies Vibhata Solutions LLP as an enterprise over which key management personnel and their relatives can exercise significant control.

How much FY26 revenue did Acme India record from Vibhata Solutions LLP?

Acme India recorded Rs 67.28 crore of revenue from operations from Vibhata Solutions LLP for the year ended March 31, 2026. The amount appears in Acme India’s related-party transaction schedule, which separately presents the transaction value during the year and the receivable or payable balance at the reporting date.

The supplied schedule does not show a Vibhata Solutions LLP transaction amount or receivable balance in its FY25 and FY24 columns, which are marked with dashes. The FY26 disclosure therefore introduces Vibhata Solutions LLP as a reported related-party revenue counterparty after no such amount was presented for the years ended March 31, 2025 and March 31, 2024.

The Rs 67.28 crore figure is revenue recorded during FY26, while Rs 79.39 crore is the balance shown as receivable at year-end. The related-party table does not state the product or service supplied, contract value, billing dates, credit period, payment terms, invoices collected or the composition of the reported receivable.

Why is Vibhata Solutions LLP a related party of Acme India?

Vibhata Solutions LLP is a related party because Acme India identifies it as an enterprise over which key management personnel, or KMP, and relatives of KMP can exercise significant control. KMP are the personnel identified in the company’s related-party schedule as having key management roles, including Managing Director Suraj Pandey and Whole-Time Director Sadhvi Pandey.

Acme India’s schedule places Vibhata Solutions LLP in a group of enterprises connected to KMP and their relatives, alongside Acme Mobility Solutions Private Limited, Tashvika India Private Limited and Vibgyor Services. The disclosure does not provide a shareholding percentage in Vibhata Solutions LLP, identify the particular KMP or relative involved, or set out the governance rights underlying the stated significant-control classification.

The classification means the Rs 67.28 crore FY26 revenue entry is disclosed as a transaction with an entity linked to Acme India’s KMP and their relatives, rather than solely as revenue from an unrelated customer. The supplied material does not provide an arm’s-length assessment, pricing benchmark, board-approval record, margin comparison or conclusion on the commercial terms of the Vibhata Solutions LLP arrangement.

What does the Rs 79.39 crore Vibhata Solutions LLP receivable show?

Acme India reported Rs 79.39 crore receivable from Vibhata Solutions LLP at March 31, 2026, exceeding the Rs 67.28 crore FY26 revenue transaction by Rs 12.11 crore. A receivable is an amount due to the company, and the schedule reports it separately from the value of transactions recognised during the year.

The difference does not establish that Rs 12.11 crore was overdue or that it arose solely before FY26. Acme India does not disclose Vibhata Solutions LLP’s opening balance, invoice ageing, collections, credit terms, impairment allowance, or whether the reported balance includes items other than trade receivables.

Acme India’s consolidated cash-flow statement records a Rs 94.11 crore increase in trade receivables in FY26, compared with a Rs 4.45 crore increase in FY25. The Rs 79.39 crore Vibhata Solutions LLP balance is a separately reported related-party receivable, but the supplied statements do not reconcile it to the consolidated trade-receivables movement or identify it as the cause of that movement.

How large was Vibhata Solutions LLP within disclosed related-party revenue?

Vibhata Solutions LLP was the largest disclosed FY26 related-party revenue counterparty in the supplied schedule, with Rs 67.28 crore of revenue from operations. The next-largest disclosed entry was Vibgyor Innovations Pvt. Ltd. at Rs 30.64 crore, followed by ACVI Joint Venture Private Limited at Rs 6.29 crore and Acme & Vibgyor JV Private Limited at Rs 1.36 crore.

The listed FY26 related-party revenue entries, including smaller Rs 0.13 crore and Rs 0.02 crore entries for ACME AND VIBGYOR MLR IV PRIVATE LIMITED and Sarril Solutions Private Limited, total about Rs 105.72 crore. On that basis, Vibhata Solutions LLP represented about 64% of the related-party revenue-from-operations entries disclosed for FY26; the supplied pages do not provide Acme India’s total FY26 revenue from operations, so its share of company-wide revenue cannot be calculated from this material.

The comparison is limited to transaction lines explicitly labelled “Revenue from operations.” It excludes Rs 38.40 crore of FY26 purchases of goods and services from Vibgyor Innovations Pvt. Ltd., as well as loans, advances, interest income, investments and remuneration, because those categories are not operating revenue.

What would need to happen for Acme India revenue from Vibhata Solutions LLP to continue?

Continued revenue from Vibhata Solutions LLP would require further transactions between Acme India and the related entity, but the supplied disclosure provides no future order book, contract renewal, delivery plan or projected sales amount. The only Vibhata Solutions LLP transaction identified for FY26 is Rs 67.28 crore of revenue from operations, alongside the Rs 79.39 crore receivable at March 31, 2026.

Collection performance would also affect cash conversion, although Acme India does not provide a Vibhata Solutions LLP-specific collection plan. Acme India reported Rs 11.50 crore of net cash used in operating activities in FY26, compared with Rs 23.97 crore of net cash generated from operating activities in FY25, while trade receivables increased by Rs 94.11 crore in FY26.

Acme India recorded FY26 provisions of Rs 0.12 crore for doubtful debts and Rs 0.50 crore for other advances and receivables, as well as Rs 0.03 crore of bad debts and Rs 0.41 crore of other advances and receivables written off. None of these charges is identified as relating to Vibhata Solutions LLP, so the supplied disclosure does not support assigning any provision or write-off to the Rs 79.39 crore balance.

Conclusion

Acme India’s FY26 related-party schedule identifies Vibhata Solutions LLP as a significant disclosed revenue counterparty, with Rs 67.28 crore of revenue from operations and Rs 79.39 crore receivable at March 31, 2026. The entity accounted for about 64% of the schedule’s disclosed related-party revenue-from-operations entries, while no Vibhata Solutions LLP amount was shown for FY25 or FY24.

The next disclosure to watch is whether Acme India provides collection, ageing, contract or subsequent-transaction information for the Rs 79.39 crore Vibhata Solutions LLP receivable. The supplied material contains no Vibhata Solutions LLP-specific recovery plan or future sales plan, and it does not reconcile the balance to the Rs 94.11 crore FY26 increase in consolidated trade receivables.