Lords Chloro Alkali spent Rs 57.05 crore on H1 assets

Lords Chloro Alkali Limited spent Rs 57.05 crore on procuring property, plant and equipment, including capital advances and capital work-in-progress, in the half year ended September 30, 2026. Lords Chloro Alkali’s property, plant and equipment balance rose Rs 54.52 crore from March 31, while capital work-in-progress fell Rs 19.72 crore.

How much did Lords Chloro Alkali spend on capital assets in H1?

Lords Chloro Alkali spent Rs 57.05 crore on procurement of property, plant and equipment, including capital advances and capital work-in-progress, during the half year ended September 30, 2026. This was the largest disclosed investing cash-flow item and exceeded the Rs 49.07 crore of net cash generated from operating activities in the same six-month period by Rs 7.98 crore.

The reported outlay was close to the Rs 57.37 crore spent on the same category for the year ended March 31, 2026, but the periods are not directly comparable because the latest figure covers six months whereas the earlier figure covers a full year. Cash received from property, plant and equipment disposals was Rs 4.75 lakh in H1, leaving this item a net user of cash before the smaller investing inflows and investment movement.

Lords Chloro Alkali reported net cash used in investing activities of Rs 56.72 crore for H1. The cash-flow statement also recorded Rs 23.47 lakh of interest received, Rs 3.94 lakh of insurance-claim receipts and Rs 24,000 of dividend income, while change in investments used Rs 38,000.

How did Lords Chloro Alkali’s asset balances change?

Lords Chloro Alkali’s property, plant and equipment balance increased to Rs 304.60 crore at September 30, 2026, from Rs 250.08 crore at March 31, 2026. The Rs 54.52 crore increase is broadly similar to the Rs 57.05 crore cash deployment disclosed for property, plant, equipment, capital advances and work-in-progress, but the two measures have different accounting bases and should not be treated as identical.

Capital work-in-progress, or CWIP, decreased to Rs 24.13 crore at September 30 from Rs 43.85 crore at March 31. The Rs 19.72 crore reduction alongside the increase in property, plant and equipment indicates that a portion of previously unfinished project spending was transferred into completed operating assets during the half year; the filing does not identify the individual projects or commissioning dates.

Lords Chloro Alkali also reported right-of-use assets of Rs 13.32 crore, up Rs 1.36 crore from Rs 11.96 crore at March 31. Total non-current assets rose Rs 51.15 crore to Rs 386.90 crore, while total assets increased Rs 41.78 crore to Rs 520.49 crore, reflecting that some current-asset categories moved in the opposite direction.

How was Lords Chloro Alkali’s asset spending funded?

Lords Chloro Alkali generated Rs 49.07 crore of operating cash flow after tax payments in H1, compared with Rs 56.72 crore of net investing cash outflow. Operating profit before working-capital changes was Rs 41.90 crore, and cash generated from operations was Rs 49.52 crore after the reported working-capital movements, before Rs 44.40 lakh of net income-tax payments.

Inventories released Rs 6.77 crore of cash and trade payables contributed Rs 7.89 crore in the period, according to the cash-flow statement. Other current and non-current assets used Rs 2.22 crore, while provisions contributed Rs 1.07 crore; these movements form part of the reported cash generation and do not specify the operating causes behind each change.

Financing activities provided net cash of Rs 1.98 crore in H1. Lords Chloro Alkali received Rs 26.50 crore from long-term borrowings and repaid Rs 7.11 lakh of such borrowings, while repayment of short-term borrowings used Rs 11.68 crore and finance costs paid used Rs 5.16 crore.

The resulting net reduction in cash and cash equivalents was Rs 5.68 crore during H1, taking the closing balance to Rs 23.75 crore from Rs 29.43 crore at March 31. The prior full year had ended with a Rs 17.49 crore increase in cash, including Rs 32.03 crore of proceeds from share warrants, which was not listed as an H1 2026 financing inflow.

What happened to Lords Chloro Alkali’s borrowings and liabilities?

Lords Chloro Alkali’s non-current borrowings rose to Rs 112.13 crore at September 30, 2026, from Rs 96.37 crore at March 31, while current borrowings fell to Rs 57.57 crore from Rs 65.56 crore. Total borrowings therefore increased Rs 7.77 crore to Rs 169.70 crore, even as the cash-flow statement shows a net reduction in short-term borrowings during the half year.

The rise in non-current borrowings and fall in current borrowings are consistent with a shift in the maturity mix, although the filing does not state whether any debt was refinanced or link individual borrowings to particular capital projects. Non-current lease liabilities rose from Rs 11.07 crore to Rs 12.64 crore, and current lease liabilities increased from Rs 89.74 lakh to Rs 97.90 lakh.

Total liabilities increased to Rs 262.83 crore at September 30 from Rs 236.19 crore at March 31, a rise of Rs 26.64 crore. Total equity rose Rs 24.14 crore to Rs 266.66 crore over the same interval, while the equity share-capital balance remained Rs 28.65 crore.

Conclusion

Lords Chloro Alkali’s H1 cash flow shows Rs 57.05 crore of capital deployment, primarily alongside a Rs 54.52 crore increase in property, plant and equipment and a Rs 19.72 crore fall in capital work-in-progress. Operating cash flow of Rs 49.07 crore covered much, but not all, of the Rs 56.72 crore net investing outflow, contributing to a Rs 5.68 crore decline in cash.

The disclosed Rs 24.13 crore capital work-in-progress balance is the principal unresolved item to monitor in subsequent financial disclosures, as the filing does not identify the underlying projects or their commissioning dates. Readers can also track the Rs 169.70 crore total borrowing balance after H1, given that long-term borrowings increased while short-term borrowings declined during the period.