Shankar Lal Rampal Dye-Chem Limited profit rises to Rs 16.23 crore

Shankar Lal Rampal Dye-Chem Limited reported standalone profit after tax of Rs 16.23 crore for the half year ended September 30, 2026, up from Rs 6.60 crore a year earlier, as revenue from operations reached Rs 301.70 crore. The Board approved the unaudited standalone results on November 11, 2026.

What did Shankar Lal Rampal Dye-Chem report for the half year?

Shankar Lal Rampal Dye-Chem reported revenue from operations of Rs 301.70 crore for the half year ended September 30, 2026, compared with Rs 234.97 crore in the corresponding half year ended September 30, 2025. Other income was Rs 0.40 lakh, against Rs 1.70 lakh a year earlier, while the results statement recorded total expenses of Rs 280.02 crore.

Profit before tax rose to Rs 21.69 crore from Rs 9.26 crore, and profit after tax increased to Rs 16.23 crore from Rs 6.60 crore. Basic earnings per share were Rs 2.54 for the September 2026 half year, compared with Rs 1.03 in the September 2025 half year. The company reported no exceptional item in either half-year period.

The September 2026 quarter accounted for Rs 166.15 crore of revenue from operations, compared with Rs 112.70 crore in the September 2025 quarter. Quarterly profit after tax was Rs 7.04 crore, below Rs 9.19 crore in the preceding June 2026 quarter but above Rs 2.37 crore in the September 2025 quarter. This means the half-year year-on-year increase included a lower profit in the second quarter than in the first quarter.

Why did Shankar Lal Rampal Dye-Chem’s half-year profit rise?

Shankar Lal Rampal Dye-Chem’s profit before tax increased by Rs 12.43 crore because the Rs 66.74 crore rise in revenue from operations exceeded the Rs 54.30 crore increase in total expenses. Revenue rose to Rs 301.70 crore in the September 2026 half year, while expenses increased to Rs 280.02 crore from Rs 225.73 crore in the corresponding 2025 period.

Purchases of stock in trade were Rs 277.68 crore in the half year ended September 30, 2026, compared with Rs 224.83 crore a year earlier. The change in inventories was an expense of Rs 0.79 crore, compared with an expense of Rs 4.03 crore in the prior-year period, while employee-benefit expense declined to Rs 1.35 crore from Rs 2.87 crore.

Finance cost was Rs 0.51 crore for the September 2026 half year, down from Rs 0.68 crore in September 2025, while depreciation and amortisation expense increased to Rs 0.07 crore from Rs 0.06 crore. Current tax expense was Rs 5.42 crore, compared with Rs 2.63 crore a year earlier, and deferred tax expense was Rs 0.03 crore against Rs 0.25 crore.

How did Shankar Lal Rampal Dye-Chem’s balance sheet change?

Shankar Lal Rampal Dye-Chem’s total assets increased to Rs 169.75 crore at September 30, 2026, from Rs 156.56 crore at March 31, 2026. Trade receivables were the largest disclosed movement, rising by Rs 16.23 crore over six months to Rs 118.00 crore from Rs 101.77 crore.

Inventories rose to Rs 15.38 crore at September 30, 2026 from Rs 14.59 crore at March 31, 2026. Cash and cash equivalents increased to Rs 3.89 crore from Rs 0.13 crore, while property, plant and equipment stood at Rs 2.82 crore against Rs 1.34 crore, and capital work-in-progress was Rs 0.24 crore.

Equity rose to Rs 139.01 crore from Rs 122.78 crore, comprising unchanged share capital of Rs 63.97 crore and other equity of Rs 75.04 crore. Current borrowings declined to Rs 24.61 crore from Rs 25.37 crore, while total liabilities decreased to Rs 30.73 crore from Rs 33.78 crore.

Did Shankar Lal Rampal Dye-Chem convert profit into operating cash?

Shankar Lal Rampal Dye-Chem generated net cash from operating activities of Rs 6.79 crore in the six months ended September 30, 2026. The comparative cash-flow column reports a net operating cash outflow of Rs 7.05 crore for the year ended March 31, 2026, so the filing does not provide a corresponding six-month prior-year cash-flow comparison.

Operating profit before working-capital changes was Rs 22.09 crore for the September 2026 period. The increase in trade receivables used Rs 16.23 crore of cash, inventory growth used Rs 0.79 crore, and changes in current liabilities used Rs 2.39 crore; these movements reduced cash generated from operations to Rs 11.97 crore before tax payments.

Income tax paid was Rs 5.18 crore during the six months ended September 30, 2026. Shankar Lal Rampal Dye-Chem spent Rs 1.80 crore on property, plant and equipment, recorded financing cash outflow of Rs 1.23 crore, and reported a Rs 3.76 crore net increase in cash and cash equivalents after a Rs 0.04 crore exchange-rate effect.

What did Shankar Lal Rampal Dye-Chem disclose about review and related parties?

Shankar Lal Rampal Dye-Chem said its Audit Committee and Board approved the standalone unaudited results on November 11, 2026. Laxman Kumar & Associates conducted a limited review under Regulation 33 of the Securities and Exchange Board of India listing regulations and stated that nothing had come to its attention indicating a material misstatement.

The related-party filing for the half year ended September 30, 2026 showed total transactions of Rs 1.67 crore. It included remuneration of Rs 21.00 lakh each for Rampal Inani, Jagdish Chander Inani, Dinesh Chandra Inani, Vinod Kumar Inani and Susheel Kumar Inani, as listed in the filing.

Other disclosed transactions included Rs 7.80 lakh of salary to Rahul Inani, Rs 4.80 lakh of rent paid to Ganga Devi Inani and Rs 7.81 lakh of purchases of goods or services from Inani Chemicals Pvt Ltd. Interest paid to five directors totalled Rs 2.95 lakh, and the listed related-party transactions were marked as approved.

Conclusion

Shankar Lal Rampal Dye-Chem’s September 2026 half-year results show higher revenue and profit, with profit after tax reaching Rs 16.23 crore on Rs 301.70 crore of revenue from operations. Equity increased to Rs 139.01 crore and current borrowings declined to Rs 24.61 crore, while receivables rose to Rs 118.00 crore.

The unresolved item to watch is whether the Rs 16.23 crore six-month increase in trade receivables, which absorbed cash in the September 2026 period, moderates in subsequent disclosures. Cash from operating activities was Rs 6.79 crore despite that working-capital movement, while the filing disclosed no financial target or operating plan beyond the September 30, 2026 results.