Rushabh Precision Bearings Ltd debt rises to Rs 10.41 crore

Rushabh Precision Bearings Limited reported Rs 10.41 crore of non-current borrowings at 30 September 2026, up Rs 27.91 lakh from 31 March 2026, while total equity fell Rs 22.00 lakh to Rs 2.98 crore during the first half of 2026-27. The company also recorded a Rs 22.00 lakh standalone net loss for the half year.

What changed in Rushabh Precision Bearings Ltd’s balance sheet?

Rushabh Precision Bearings Ltd’s non-current borrowings rose to Rs 10.41 crore at 30 September 2026 from Rs 10.13 crore at 31 March 2026. Total equity declined to Rs 2.98 crore from Rs 3.20 crore over the same six-month period, while total liabilities increased to Rs 12.04 crore from Rs 11.76 crore.

Total assets were Rs 15.02 crore at 30 September 2026, compared with Rs 14.96 crore at the preceding 31 March year-end. The Rs 5.74 lakh asset increase was smaller than the Rs 27.74 lakh rise in total liabilities, while no current borrowings were reported at either balance-sheet date.

The balance-sheet movement was concentrated in non-current liabilities, which reached Rs 12.03 crore from Rs 11.75 crore. This category comprised Rs 10.41 crore of borrowings and Rs 1.62 crore of deferred tax liabilities at 30 September 2026; the deferred-tax balance was unchanged from 31 March 2026.

How did equity change at Rushabh Precision Bearings Ltd?

Rushabh Precision Bearings Ltd’s equity decreased because other equity moved to negative Rs 6.02 crore at 30 September 2026 from negative Rs 5.80 crore at 31 March 2026. Equity share capital remained unchanged at Rs 9.00 crore, so the Rs 22.00 lakh reduction in total equity came from the movement in other equity.

The Rs 22.00 lakh change in other equity matched the company’s net loss for the half year ended 30 September 2026. In the corresponding half year ended 30 September 2025, Rushabh Precision Bearings Ltd reported a Rs 12.36 lakh loss, making the latest half-year loss Rs 9.64 lakh higher.

Non-current borrowings were about 3.49 times total equity at 30 September 2026, calculated from the reported Rs 10.41 crore borrowing balance and Rs 2.98 crore equity balance. At 31 March 2026, the equivalent calculation was about 3.17 times, using Rs 10.13 crore of borrowings and Rs 3.20 crore of equity.

Which assets and working-capital items moved in the first half?

Rushabh Precision Bearings Ltd’s current assets increased to Rs 7.15 crore at 30 September 2026 from Rs 7.05 crore at 31 March 2026, while non-current assets declined to Rs 7.87 crore from Rs 7.91 crore. Property, plant and equipment was unchanged at Rs 7.10 crore and remained the largest disclosed non-current asset.

Inventories remained Rs 4.32 crore at both reporting dates. Trade receivables rose Rs 3.90 lakh to Rs 2.11 crore, cash and cash equivalents increased Rs 2.69 lakh to Rs 6.27 lakh, and other current assets rose Rs 3.05 lakh to Rs 65.18 lakh.

Other non-current assets fell Rs 3.89 lakh to Rs 50.65 lakh, while loans and advances stayed at Rs 6.14 lakh and other financial assets remained Rs 20.28 lakh. The balance sheet reported no right-of-use assets, investment property or non-current investments at 30 September 2026.

Current liabilities declined to Rs 1.16 lakh from Rs 1.32 lakh. Dues to micro enterprises and small enterprises increased to Rs 1.16 lakh from Rs 81,000, but other current liabilities fell to Rs 1,000 from Rs 51,000; no trade payables to other enterprises were reported.

What do Rushabh Precision Bearings Ltd’s loss and cash flows show?

Rushabh Precision Bearings Ltd reported no revenue from operations, no other income and a Rs 22.00 lakh net loss for the half year ended 30 September 2026. Total expenses were also Rs 22.00 lakh, compared with Rs 12.36 lakh in the prior-year half, when the company likewise reported no revenue from operations or other income.

Employee benefit expenses were unchanged at Rs 1.20 lakh across both half-year periods. Other expenses increased to Rs 20.80 lakh in the 2026 half year from Rs 11.16 lakh a year earlier, accounting for the Rs 9.64 lakh increase in total expenses and reported loss.

Net cash used in operating activities was Rs 25.21 lakh for the half year ended 30 September 2026, compared with Rs 15.27 lakh used in the corresponding 2025 half year. The cash-flow statement included a Rs 3.90 lakh increase in trade receivables and a Rs 3.05 lakh increase in other assets, partly offset by a Rs 3.89 lakh movement in financial assets.

Net cash flow from financing activities was Rs 27.90 lakh in the latest half year, compared with Rs 15.27 lakh in the previous-year period. The statement recorded Rs 27.90 lakh under increase or decrease in long-term loans and advances within financing activities, and cash closed at Rs 6.27 lakh versus an opening balance of Rs 3.58 lakh.

How were Rushabh Precision Bearings Ltd’s results reviewed?

Rushabh Precision Bearings Ltd’s unaudited standalone results for the quarter and half year ended 30 September 2026 were approved by its board on 3 November 2026. The company said its audit committee reviewed the results, which were prepared under Indian Accounting Standards, including Indian Accounting Standard 34 for interim financial reporting.

Rajesh Laxmi & Associates issued an unmodified limited-review conclusion dated 3 November 2026. The auditor stated that nothing had come to its attention indicating the statement did not provide the required disclosures or contained a material misstatement, while also stating that a limited review is not an audit.

Rushabh Precision Bearings Ltd identified its operations as a single operating segment under Indian Accounting Standard 108, Operating Segments. As a result, the filing provides no separate segment-level revenue, profit, assets or borrowings figures for the half year ended 30 September 2026.

Conclusion

Rushabh Precision Bearings Ltd ended 30 September 2026 with Rs 10.41 crore of non-current borrowings and Rs 2.98 crore of total equity. The borrowing balance increased Rs 27.91 lakh since 31 March, while the Rs 22.00 lakh half-year loss reduced other equity by the same amount, alongside Rs 25.21 lakh of operating cash outflow.

The filing does not disclose the terms, maturity profile or interest rate of the Rs 10.41 crore non-current borrowing balance. Subsequent disclosures will show whether borrowings, the absence of reported revenue, and operating cash use of Rs 25.21 lakh change after the 30 September 2026 half-year results.