Robokidz FY26 receivables reach Rs 71.28 crore as revenue rises

Robokidz Edventures Limited reported trade receivables of Rs 71.28 crore in FY26, up from Rs 14.30 crore in FY25, while revenue increased to Rs 93.22 crore from Rs 58.75 crore. Total current liabilities also rose to Rs 69.94 crore from Rs 22.26 crore over the same period.

Why did Robokidz's receivables rise to Rs 71.28 crore in FY26?

Robokidz's trade receivables increased by Rs 56.98 crore year on year to Rs 71.28 crore in FY26 from Rs 14.30 crore in FY25. The FY26 balance was also Rs 49.86 crore above the Rs 21.42 crore reported in FY24. Receivables were the largest current-asset line in FY26, exceeding inventories of Rs 12.26 crore and cash and bank balances of Rs 86.93 lakh.

The presentation shows that the receivables increase coincided with higher reported revenue, but it does not provide customer-level balances, receivable ageing, collection terms, overdue amounts or post-year-end collections. Revenue rose to Rs 93.22 crore in FY26 from Rs 58.75 crore in FY25 and Rs 38.17 crore in FY24. The disclosed figures therefore show concurrent growth in revenue and amounts due from customers without identifying the cause of the FY26 receivables increase.

How did Robokidz's current liabilities change in FY26?

Robokidz's total current liabilities rose by Rs 47.68 crore to Rs 69.94 crore in FY26 from Rs 22.26 crore in FY25. Short-term borrowings increased to Rs 29.44 crore from Rs 14.16 crore, while trade payables rose to Rs 21.94 crore from Rs 3.03 crore. Short-term provisions increased to Rs 7.18 crore from Rs 1.55 crore, and other current liabilities rose to Rs 11.08 crore from Rs 3.51 crore.

Trade payables recorded the largest increase among the current-liability categories, rising by Rs 18.91 crore between FY25 and FY26. Short-term borrowings rose by Rs 15.28 crore over the same period. In contrast, non-current liabilities declined to Rs 56.58 lakh in FY26 from Rs 1.29 crore in FY25, as long-term borrowings fell to Rs 36.51 lakh from Rs 1.18 crore.

Did Robokidz's revenue and profits increase alongside working capital?

Robokidz reported higher revenue, earnings before interest, tax, depreciation and amortisation (EBITDA), and profit after tax (PAT) in FY26. Revenue increased by Rs 34.47 crore from FY25, EBITDA rose by Rs 7.66 crore to Rs 16.66 crore, and PAT increased by Rs 5.08 crore to Rs 10.06 crore. EBITDA margin rose to 17.77% from 15.22%, while PAT margin increased to 10.79% from 8.47%.

Total operating expenditure increased to Rs 77.06 crore in FY26 from Rs 50.16 crore in FY25, an increase of Rs 26.90 crore. Finance cost rose to Rs 2.95 crore from Rs 2.46 crore, while depreciation increased to Rs 44.25 lakh from Rs 36.75 lakh. Profit before tax was Rs 13.64 crore in FY26 compared with Rs 6.72 crore in FY25, and tax expense was Rs 3.58 crore compared with Rs 1.74 crore.

The FY24 comparison shows that the FY26 increase covered both income-statement and working-capital lines. Revenue increased from Rs 38.17 crore in FY24 to Rs 93.22 crore in FY26, EBITDA rose from Rs 4.89 crore to Rs 16.66 crore, and PAT increased from Rs 2.42 crore to Rs 10.06 crore. Over the same two-year period, trade receivables rose from Rs 21.42 crore to Rs 71.28 crore and total current liabilities increased from Rs 24.75 crore to Rs 69.94 crore.

What do Robokidz's FY26 liquidity and financing figures show?

Robokidz reported total current assets of Rs 87.68 crore and total current liabilities of Rs 69.94 crore in FY26, with a reported current ratio of 1.26 times. The current ratio was 1.25 times in FY25 and 1.03 times in FY24. Current assets increased by Rs 59.89 crore from FY25, principally alongside the Rs 56.98 crore increase in trade receivables.

Inventories were Rs 12.26 crore in FY26, compared with Rs 12.06 crore in FY25 and Rs 2.08 crore in FY24. Short-term loans and advances increased to Rs 3.13 crore from Rs 1.20 crore in FY25. Cash and bank balances rose to Rs 86.93 lakh from Rs 20.59 lakh, but remained below the Rs 1.63 crore balance reported in FY24.

Net worth increased to Rs 25.02 crore in FY26 from Rs 10.61 crore in FY25, comprising equity of Rs 7 crore and reserves of Rs 18.02 crore. The reported debt-to-equity ratio declined to 1.19 times from 1.45 times in FY25 and 3.26 times in FY24. Return on equity was 56.46% in FY26, compared with 66.42% in FY25, while return on capital employed was 29.64%, compared with 33.46%.

Conclusion

Robokidz's FY26 statements show that revenue and reported profit grew alongside a substantially larger working-capital balance sheet. Revenue reached Rs 93.22 crore and PAT reached Rs 10.06 crore, while trade receivables rose to Rs 71.28 crore and total current liabilities reached Rs 69.94 crore. The current ratio moved only marginally to 1.26 times from 1.25 times in FY25 despite expansion in both current assets and liabilities.

The timing and quality of collections remain unresolved because the presentation gives a Rs 71.28 crore receivables balance but no ageing schedule, collection record or customer concentration data. A subsequent financial disclosure would show whether receivables convert into cash, how trade payables and short-term borrowings change from their FY26 levels of Rs 21.94 crore and Rs 29.44 crore, and whether the current ratio remains near 1.26 times.