Sterling Powergensys Ltd

Financial performance

• Revenue from operations rose to ₹2,380.05 Lakhs, up 88.8% YoY.
• Total income ₹2,441.07 Lakhs; PAT ₹98.55 Lakhs.
• EPS Basic ₹1.87; no dividend proposed for 2025-26.
• Debt-Equity 1.62x; net debt to equity 1.61x.
• Current ratio 1.22; ROE 71.20%.

Business & strategy

• Core business: sale of solar systems, EPC projects, and trading.
• R&D on Green Hydrogen viability; exploring government collaboration.
• Green Hydrogen and other clean energy tech form long-term opportunities.

Governance & board

• Nishant Rao Tamapa appointed Executive Director on 14 Aug 2025.
• Rajesh Rama Swamy appointed Independent Director on 4 Sep 2025.
• MD Subramanian re-appointed for 2026-2031.
• Five board meetings conducted in 2025-26.

Audits & compliance

• Statutory auditors: DGMS & Co; Secretarial auditors: Deepak Chheta.
• Auditors’ report: unmodified; secretarial audit notes promoter dematerialisation 20.81%.
• Delays in governance filings noted; actions taken to strengthen compliance.

Capital structure & liquidity

• Equity share capital: ₹5.26 Crore; total equity: ₹1.38 Crore.
• Total borrowings (non-current): ₹22.47 Crore; net debt to equity 1.61x.
• Cash and cash equivalents: ₹0.50 Lakh.

Operations & product mix

• Revenue mix: Solar systems, EPC services, electrolyser components, bearings.
• Erection & commissioning charges: ₹52.77 Lakhs.
• Blue-sky opportunities in Green Hydrogen and related tech.

Regulatory disclosures & depositories

• Shares dematerialised via NSDL and CDSL; ISIN INE067E01013.
• CSR not applicable; listed on BSE.

Outlook & risks

• Outlook positive for renewable energy; Green Hydrogen opportunities.
• Risks from competition, policy changes, and supply chain disruptions.
• Management focuses on cost control and robust project execution.

Book closure details

• Book closure from 05 September 2026 to 12 September 2026 (inclusive) for AGM.
• AGM date scheduled for 12 September 2026.
• Determines voting eligibility at the AGM.

AGM Details

• Date and time: 12 September 2026 at 03:00 PM.
• Venue: Sundaram, 2nd Floor, Patidar Wadi, Ghatkopar, Mumbai.
• Mode: physical meeting.
• Record/book closure: 5 Sep to 12 Sep 2026.

Key Resolutions

• Item 1: Ordinary—Adoption of audited financial statements for the year ended March 31, 2026.
• Item 2: Ordinary—Re-appointment of Mrs. Rajlaxmi Iyar, Non-Executive Director, retiring by rotation.
• Item 3: Ordinary—Regularisation of Mr. Periasamy Mathialagan as Non-Executive Director.
• Item 4: Special—Re-appointment of Sankaran Venkata Subramanian as MD for five years.
• Remuneration: Rs 72,000 per month; no sitting fees.

Dematerialisation update

• Securities received for dematerialisation up to 30 June 2026 were processed and confirmed to depositories.
• Dematerialised securities have been listed on the stock exchange where the earlier securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depositories’ names substituted within 15 days.

Financials FY2026

• Revenue from operations: INR 2,380.05 lakhs for year ended 31 Mar 2026.
• Total income from operations: INR 2,441.07 lakhs for year ended 31 Mar 2026.
• Total expenditure: INR 2,307.52 lakhs for year ended 31 Mar 2026.
• PBT: INR 133.55 lakhs for year ended 31 Mar 2026.
• Tax expense: INR 35.00 lakhs for year ended 31 Mar 2026.
• Net profit after tax: INR 98.55 lakhs for year ended 31 Mar 2026.
• EPS (basic/diluted): INR 1.87 for year ended 31 Mar 2026.
• Net cash from operating activities: INR -5.11 lakhs for year ended 31 Mar 2026.
• Total assets: INR 1,668.62 lakhs; Total liabilities: INR 1,530.22 lakhs.
• Total equity: INR 138.40 lakhs; Other equity: INR -387.86 lakhs.
• Main business: solar systems sales; trading in industrial goods; no reportable IND AS 108 segments.
• Ending cash balance: INR 0.50 lakhs as at 31 Mar 2026.

Q4 FY2026 snapshot

• Q4 FY2026 revenue from operations: INR 1,705.50 lakhs.
• Q4 FY2026 total income: INR 1,761.35 lakhs.
• Q4 FY2026 PAT: INR 162.19 lakhs; EPS: INR 3.08.
• Q4 FY2026 PBT: INR 197.19 lakhs; Tax: INR 35.00 lakhs.
• Year FY2026 cash flow: Operating -5.11, Investing +45.92, Financing -41.39 lakhs.
• Net decrease in cash: INR 0.57 lakhs; Ending cash: INR 0.50 lakhs.

Audit & resubmission

• Resubmission of Audited Standalone Results for Q4 FY2026 and FY2026.
• Auditor's report issued with Unmodified Opinion.
• Declaration of Unmodified Opinion under Regulation 33(3)(d).
• Results approved by Audit Committee and Board on 29 May 2026.
• There is no change in audited results or auditor's report.

Balance sheet snapshot

• Current assets: INR 1,559.75 lakhs; Current liabilities: INR 1,280.70 lakhs.
• Non-current liabilities: INR 249.52 lakhs.
• Equity: INR 138.40 lakhs; Other equity: INR -387.86 lakhs.

Business model

• Main business: sale of solar systems and related activities.
• No reportable segments per IND AS 108.

Financial results

• Approved audited standalone results for Q4 and year ended 31 March 2026.
• Revenue from operations was ₹2,380.05 lakh; net profit was ₹98.55 lakh for FY26.
• Q4 FY26 standalone net profit was ₹162.19 lakh versus loss of ₹27.99 lakh last year.

Other statements

• Approved audited standalone balance sheet as at 31 March 2026.
• Approved audited standalone cash flow statement for FY26.
• Company reported no reportable segments under Ind AS 108.

Appointments

• Appointed M/s. J.D. Gupta & Co. as internal auditor for FY2026-27.
• Appointed Mr. Periasamy Mathialagan as Additional Non-Executive Director effective 13 June 2026.
• His directorship is liable to retire by rotation.