Wires & Fabriks reduces borrowings by Rs 20.8054 crore

Wires and Fabriks (S.A.) Limited reduced total borrowings by Rs 20.8054 crore to Rs 84.6258 crore at September 30, 2026, from Rs 105.4312 crore at March 31, 2026, while generating Rs 23.9378 crore of net cash from operating activities in the six months ended September 30, 2026.

How much did Wires & Fabriks reduce borrowings?

Wires & Fabriks reduced aggregate current and non-current borrowings by Rs 20.8054 crore over the six months to September 30, 2026. Non-current borrowings stood at Rs 65.3085 crore and current borrowings at Rs 19.3173 crore at the half-year date, compared with Rs 70.3638 crore and Rs 35.0674 crore, respectively, at March 31, 2026.

Current borrowings accounted for Rs 15.7501 crore of the total reduction, while non-current borrowings declined by Rs 5.0553 crore. The balance-sheet data form part of Wires & Fabriks’ standalone unaudited financial results for the quarter and six months ended September 30, 2026, which its board approved on November 5, 2026.

How much operating cash did Wires & Fabriks generate?

Wires & Fabriks generated Rs 23.9378 crore of net cash from operating activities in the six months ended September 30, 2026. Cash generated from operations was Rs 24.0149 crore before direct taxes paid of Rs 7.71 lakh, leaving operating cash flow greater than the Rs 20.8054 crore reduction in aggregate borrowings during the same balance-sheet period.

The cash-flow statement begins with profit before tax and extraordinary items of Rs 45.30 lakh. It includes depreciation and amortisation expenses of Rs 6.7971 crore, amortisation of deferred endowment of Rs 33.41 lakh and interest expenses of Rs 2.1587 crore, resulting in operating profit before changes in current and non-current assets and liabilities of Rs 9.6788 crore.

Changes in operating assets and liabilities added Rs 14.3361 crore to cash flow during the half year. The statement records Rs 3.8570 crore from non-current and current financial and other assets, Rs 2.4352 crore from inventories, and Rs 8.3439 crore from current and non-current financial and other liabilities and provisions, taking cash generated from operations to Rs 24.0149 crore.

What working-capital changes supported Wires & Fabriks’ cash flow?

Wires & Fabriks reported lower inventory and trade-receivable balances at September 30, 2026, alongside the working-capital movements in its cash-flow statement. Inventories fell by Rs 2.4352 crore to Rs 26.5441 crore from Rs 28.9793 crore at March 31, while trade receivables decreased by Rs 5.6215 crore to Rs 28.0296 crore from Rs 33.6511 crore.

Cash and cash equivalents increased by Rs 43.64 lakh to Rs 66.57 lakh at September 30, 2026, from Rs 22.93 lakh at March 31, matching the cash-flow statement’s reported net increase. Other current assets increased by Rs 1.5443 crore to Rs 7.6240 crore, while other financial assets increased by Rs 52.18 lakh to Rs 71.86 lakh over the six months.

Total current assets were Rs 63.6891 crore at September 30, compared with Rs 69.2297 crore at March 31. Total non-current assets declined by Rs 6.6133 crore to Rs 109.6668 crore, including a Rs 6.7109 crore decrease in property, plant and equipment to Rs 108.8086 crore, and total assets declined to Rs 173.3559 crore from Rs 185.5098 crore.

How did financing cash flows relate to the borrowing reduction?

Wires & Fabriks used Rs 23.0358 crore in financing activities in the six months ended September 30, 2026. The financing cash-flow section includes Rs 5.2370 crore of proceeds from long-term borrowings, Rs 8.2909 crore of repayments of long-term borrowings, Rs 2.1999 crore of interest paid and Rs 3.06 lakh of dividend paid.

The Rs 23.0358 crore financing outflow was close to the Rs 23.9378 crore operating cash inflow. After net cash used in investing activities of Rs 46.56 lakh, Wires & Fabriks reported a Rs 43.64 lakh increase in cash and cash equivalents, from Rs 22.93 lakh at March 31, 2026, to Rs 66.57 lakh at September 30, 2026.

Investing activities included Rs 53.18 lakh spent on fixed-asset purchases, partly offset by Rs 5.04 lakh of rent received, Rs 1.42 lakh of interest received and Rs 16,000 from the sale of fixed assets. For the full year ended March 31, 2026, Wires & Fabriks had reported Rs 29.8139 crore of operating cash flow, Rs 28.9746 crore of financing cash used and a Rs 5.95 lakh decrease in cash and cash equivalents.

What else changed in Wires & Fabriks’ liabilities and equity?

Wires & Fabriks’ total current liabilities declined by Rs 7.1165 crore to Rs 47.7205 crore at September 30, 2026, from Rs 54.8370 crore at March 31. The decline in current borrowings was partly offset by trade payables rising by Rs 8.0246 crore to Rs 11.0134 crore and other current liabilities increasing by Rs 32.53 lakh to Rs 7.7132 crore.

Total non-current liabilities fell by Rs 5.1507 crore to Rs 74.8675 crore at September 30, 2026. Deferred tax liabilities increased by Rs 23.88 lakh to Rs 1.8295 crore, while other non-current liabilities declined by Rs 33.42 lakh to Rs 4.7339 crore.

Equity increased by Rs 11.33 lakh to Rs 50.7679 crore at September 30, 2026, from Rs 50.6546 crore at March 31. Equity share capital remained Rs 3.0563 crore, while other equity rose to Rs 47.7116 crore from Rs 47.5983 crore over the six-month period.

Conclusion

Wires & Fabriks’ September 2026 half-year filing shows a Rs 20.8054 crore decline in aggregate borrowings, led by a Rs 15.7501 crore reduction in current borrowings, alongside Rs 23.9378 crore of net operating cash flow. Inventory and receivable reductions, together with other asset and liability movements, contributed to cash generated from operations of Rs 24.0149 crore.

The filing does not disclose a borrowing target, refinancing plan or capital-expenditure target beyond the Rs 53.18 lakh spent on fixed-asset purchases in the half year. Subsequent disclosures will therefore be relevant for any detail on the maturity, composition or planned level of the Rs 84.6258 crore borrowing balance after September 30, 2026.