Shiv Aum Steels receivables rise Rs 19.70 crore by September

Shiv Aum Steels Limited reported consolidated trade receivables of Rs 89.67 crore at September 30, 2026, an increase of Rs 19.70 crore from Rs 69.97 crore at March 31, 2026. Over the same six months, non-current borrowings rose to Rs 31.93 crore from Rs 12.54 crore, while operating activities used Rs 17.05 crore of cash.

How much did Shiv Aum Steels’ trade receivables increase?

Shiv Aum Steels’ trade receivables increased by Rs 19.70 crore to Rs 89.67 crore at September 30, 2026 from Rs 69.97 crore at March 31, 2026. Other current assets rose by Rs 6.71 crore to Rs 34.57 crore, while inventories declined by Rs 0.97 crore to Rs 94.76 crore over the same balance-sheet dates.

The half-year cash-flow statement records the Rs 19.70 crore receivables increase as a working-capital outflow for the six months ended September 30, 2026. In the corresponding six months ended September 30, 2025, trade receivables decreased by Rs 10.47 crore, creating the opposite cash-flow effect. The filing does not identify customers, receivables ageing, collection dates or reasons for the September 2026 movement.

What changed in Shiv Aum Steels’ borrowings?

Shiv Aum Steels’ non-current borrowings rose by Rs 19.39 crore to Rs 31.93 crore at September 30, 2026 from Rs 12.54 crore at March 31, 2026. Non-current liabilities in total increased to Rs 32.02 crore from Rs 12.64 crore, while non-current provisions remained Rs 0.09 crore at both reporting dates.

Current borrowings declined by Rs 7.72 crore to Rs 76.83 crore from Rs 84.55 crore. Combining current and non-current categories, total reported borrowings increased by Rs 11.67 crore to Rs 108.76 crore at September 30, 2026 from Rs 97.10 crore at March 31, 2026. The statement does not disclose lenders, maturities, interest rates or the use of the additional non-current borrowing.

How did receivables affect Shiv Aum Steels’ operating cash flow?

Shiv Aum Steels reported net cash used in operating activities of Rs 17.05 crore for the six months ended September 30, 2026, compared with Rs 7.53 crore generated in the corresponding six months ended September 30, 2025. The Rs 19.70 crore receivables movement was the largest listed working-capital adjustment after operating profit before working-capital changes of Rs 12.29 crore.

Inventories provided a Rs 0.97 crore cash-flow offset in the September 2026 half year, compared with a Rs 14.53 crore offset in the prior-year period. Other assets increased by Rs 7.46 crore and trade payables increased by Rs 5.58 crore in the 2026 period. After Rs 2.40 crore of income taxes paid and a Rs 0.02 crore prior-year tax adjustment, the operating cash outflow was Rs 17.05 crore.

Shiv Aum Steels generated Rs 1.36 crore from investing activities, compared with a Rs 1.80 crore outflow a year earlier. The filing records Rs 3.07 crore of proceeds from sale of current investments, Rs 2.34 crore spent on current investments and Rs 0.14 crore spent on property, plant and equipment and intangible assets. Closing cash and cash equivalents were Rs 10.63 crore, compared with Rs 10.41 crore at March 31, 2026.

How did Shiv Aum Steels’ assets and equity move?

Shiv Aum Steels’ total assets increased by Rs 27.79 crore to Rs 251.83 crore at September 30, 2026 from Rs 224.04 crore at March 31, 2026. Current assets rose by Rs 27.81 crore to Rs 244.65 crore, whereas non-current assets were broadly unchanged at Rs 7.18 crore compared with Rs 7.20 crore.

Total liabilities increased by Rs 18.61 crore to Rs 121.82 crore, while total equity rose by Rs 9.18 crore to Rs 130.01 crore. Other equity increased to Rs 116.40 crore from Rs 107.23 crore, and equity share capital rose to Rs 13.61 crore from Rs 13.60 crore. The balance sheet shows the Rs 27.79 crore asset increase matched by higher liabilities and equity.

How did Shiv Aum Steels’ half-year earnings compare?

Shiv Aum Steels reported revenue from operations of Rs 310.55 crore for the six months ended September 30, 2026, compared with Rs 229.49 crore in the corresponding 2025 period. Profit after tax increased to Rs 7.24 crore from Rs 2.19 crore, while finance cost declined to Rs 3.49 crore from Rs 3.90 crore.

Shiv Aum Steels states that it is primarily engaged in steel trading and that Indian Accounting Standard 108 on operating segments does not apply because it operates in a single business segment. The September 30, 2026 consolidated results were unaudited, approved by the Audit Committee and Board on November 13, 2026, and subject to a limited review by statutory auditors under Regulation 33.

Conclusion

Shiv Aum Steels ended September 2026 with Rs 89.67 crore of trade receivables, Rs 19.70 crore above the March balance, alongside Rs 108.76 crore of total borrowings. The receivables increase, other-asset growth and lower inventory contributed to an operating cash outflow of Rs 17.05 crore, despite six-month revenue of Rs 310.55 crore and profit after tax of Rs 7.24 crore.

The disclosed next event is the proposed 1:5 subdivision of equity shares, under which each Rs 10 face-value share would be split into five Rs 2 shares. Shiv Aum Steels said the record date would be intimated to the stock exchange in due course and that completion would follow the prescribed timeline; the filing does not provide a receivables-collection target or borrowing repayment schedule.