Gujarat Hy-Spin Ltd

Meeting Details

Key Agenda Items

Other Notes

Dematerialisation status

• No dematerialisation/rematerialisation requests were received during the reporting period.

Results

• 📊 Standalone audited results cover half year and year ended 31 March 2026.
• 📊 Net sales rose to ₹82.72 crore from ₹92.56 crore, down 10.6% year-on-year.
• 📊 Total income fell to ₹83.87 crore from ₹94.96 crore, down 11.7% year-on-year.
• 📊 PBT was ₹6.40 lakh versus ₹13.36 lakh last year.
• 📊 PAT was ₹4.70 lakh versus ₹9.72 lakh last year.
• 📊 EPS was ₹0.03 versus ₹0.06 last year; face value ₹10.
• 📊 Material cost was ₹64.37 crore, about 77.8% of net sales.
• 📊 Other expenses were ₹12.13 crore; employee cost ₹3.35 crore; finance cost ₹1.37 crore.

Balance sheet and cash flow

• 📊 Equity and liabilities rose to ₹39.90 crore from ₹33.09 crore.
• 📊 Inventories increased to ₹13.36 crore from ₹10.85 crore.
• 📊 Trade receivables declined to ₹5.10 crore from ₹6.49 crore.
• 📊 Cash and equivalents increased to ₹1.25 crore from ₹0.18 crore.
• 📊 Long-term borrowings were ₹2.45 crore; short-term borrowings were ₹11.35 crore.
• 📊 Net cash from operations was ₹3.63 crore for FY26.
• 🧱 Capex on fixed assets, capital WIP and advances was ₹1.32 crore.
• 🧱 Long-term loans and advances increased by ₹4.96 crore during the year.

KPIs

• 📊 Debt-equity ratio was 1.08 versus 0.73 last year.
• 📊 Interest coverage ratio was 1.05 versus 1.13 last year.
• 📊 Debt service coverage ratio was 1.05 versus 1.13 last year.
• 📊 Working capital improved through lower receivables and higher trade payables.

Audit and governance

• 📍 Statutory auditor issued an unmodified opinion on the audited financial results.
• 🗒️ Auditor noted inventory verification and debtor-creditor confirmations were not independently verified.
• 📍 Board approved appointment of Monika V. Tyagi & Associates as secretarial auditor for FY26.

Business

• 🗒️ Company manufactures cotton yarn and other yarn.
• 🗒️ Textile is reported as a single business segment.