Shri Dinesh Mills Ltd (503804)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Shri Dinesh's revenue was ₹18.9 Cr (-9.1% year on year, +21.1% on the previous quarter), and net profit ₹-0.6 Cr (against a profit a year earlier); the operating margin was -3.8%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹18.9 | -9.1% | +21.1% |
| Operating profit | ₹-0.7 | to loss | to loss |
| Net profit | ₹-0.6 | to loss | to loss |
| EPS (₹) | -1.02 | to loss | to loss |
| Operating margin | -3.8% | — | — |
📢 Recent Corporate Announcements
Shri Dinesh Mills Ltd has scheduled a Board of Directors meeting on September 3, 2026, to consider altering its Object Clause and adopting a new Memorandum of Association (MoA). In compliance with insider trading regulations, the trading window for designated persons is closed from August 27, 2026, to September 5, 2026. The alteration in the object clause may signal a strategic shift or expansion into new business lines beyond its core textile and investment portfolio.
- Board meeting scheduled for Thursday, September 3, 2026, at 5:00 PM
- Agenda includes considering alteration of the Object Clause and adoption of a new MoA
- Trading window closed from August 27, 2026, through September 5, 2026 (both days inclusive)
Shri Dinesh Mills reported a standalone net profit of Rs 3.72 Cr for Q1 FY27, a significant recovery from the Rs 0.57 Cr loss in the preceding quarter (Mar 2026). Total income for the quarter stood at Rs 16.06 Cr, which is identical to the income reported in the corresponding quarter of the previous year (Jun 2025). The company's profitability remains heavily supported by 'Other Income', which contributed Rs 2.26 Cr this quarter. With a market cap of Rs 195 Cr, the quarterly profit represents a substantial portion of its TTM PAT of Rs 7 Cr.
- Net Profit for Q1 FY27 reached Rs 3.72 Cr, recovering from a loss of Rs 0.57 Cr in Q4 FY26.
- Total Income for the quarter was Rs 16.06 Cr, showing 0% growth compared to Q1 FY25.
- Other Income contributed Rs 2.26 Cr, accounting for 14% of the total income for the quarter.
- Earnings Per Share (EPS) improved to Rs 7.09 from a negative Rs 1.02 in the previous quarter.
- Total expenses for the quarter were Rs 12.08 Cr, down from Rs 19.56 Cr in the sequential March quarter.
Shri Dinesh Mills reported a flat performance for Q1 FY27, with total income at ₹16.06 Cr and net profit at ₹3.72 Cr, identical to the figures reported in the same quarter of the previous year. Revenue from operations contributed ₹11.52 Cr, while 'Other Income' of ₹4.54 Cr remains a significant driver of profitability. The company's EPS for the quarter stood at ₹7.09. Additionally, the board constituted a new 4-member Committee of Independent Directors to oversee regulatory functions.
- Total income for Q1 FY27 stood at ₹16.06 Cr, showing no growth compared to Q1 FY26.
- Net profit for the quarter was ₹3.72 Cr, resulting in an EPS of ₹7.09.
- Other Income of ₹4.54 Cr accounted for approximately 28% of the total income.
- Revenue from operations was reported at ₹11.52 Cr for the quarter ended June 30, 2026.
- A new Committee of Independent Directors was formed, including Mr. Strivinder Singh Chawla and three others.
Shri Dinesh Mills Ltd has scheduled a board meeting on August 12, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026. This follows a challenging March 2026 quarter where the company reported a net loss of ₹0.57 crore on revenue of ₹18.85 crore. Investors will be monitoring for a recovery toward the June 2025 profit levels of ₹3.72 crore. Given the company's substantial investment portfolio of ₹158.09 crore, 'Other Income' will likely remain a significant driver of the bottom line.
- Board meeting scheduled for August 12, 2026, at 5:00 p.m. at the Registered Office in Vadodara
- Trading window for insiders closed from July 1, 2026, until August 14, 2026
- Results to be considered for the quarter ended June 30, 2026 (Q1 FY2027)
- Company manages a significant investment portfolio of ₹158.09 crore, representing ~83% of its current market cap
Shri Dinesh Mills has released its Annual Report for FY 2025-26 and scheduled its 91st AGM for August 14, 2026. The Board has recommended a final dividend of ₹1.50 per equity share on 56,00,582 shares. A significant corporate change noted is that Dinesh Remedies Limited ceased to be a subsidiary as of September 3, 2025. Additionally, the company is proposing the appointment of M/s. Dhirubhai Shah & Co. LLP as new statutory auditors for a five-year term.
- Recommended a final dividend of ₹1.50 per equity share for FY 2025-26
- 91st Annual General Meeting scheduled for August 14, 2026, at 12:00 noon
- Dinesh Remedies Limited ceased to be a subsidiary effective September 3, 2025
- Proposed new statutory auditor remuneration of ₹7,30,560 plus GST for FY 2026-27
- Subsidiary Fernway Technologies Limited reported a Profit After Tax of ₹15.65 lakhs for FY26
Shri Dinesh Mills Ltd has scheduled its 91st Annual General Meeting (AGM) for August 14, 2026. The Board has recommended a final dividend of Rs. 1.50 per equity share for the financial year ended March 31, 2026, on 56,00,582 equity shares. Key agenda items include the adoption of FY2025-26 financial statements and the appointment of M/s. Dhirubhai Shah & Co., LLP as statutory auditors for a five-year term starting FY2026-27. The record date for dividend entitlement is fixed as August 7, 2026.
- Proposed final dividend of Rs. 1.50 per equity share of Rs. 10 face value
- Record date for dividend entitlement and voting cut-off set for August 7, 2026
- Appointment of M/s. Dhirubhai Shah & Co., LLP as Statutory Auditors for 5 years with FY27 remuneration of Rs. 7,30,560
- Total equity share base for dividend distribution stands at 56,00,582 shares
- Unclaimed dividend for FY2018-19 (Dividend No. 84) to be transferred to IEPF on November 1, 2026
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. The Profit and Loss statement was not provided in the source text.
Profitability Margins
The company reported no cash losses for the financial year ended March 31, 2025, and the immediately preceding financial year. Specific Gross, Operating, and Net margins are not disclosed.
EBITDA Margin
Not disclosed in available documents; however, the company maintained a positive cash position with no cash losses reported for FY2025.
Capital Expenditure
Property, Plant and Equipment (PPE) increased to INR 24.04 Cr in FY2025 from INR 22.79 Cr in FY2024, representing a capital outlay of approximately INR 1.25 Cr (5.46% increase) for the year.
Credit Rating & Borrowing
The company has non-current borrowings of INR 6.12 Cr as of March 31, 2025, up 16.9% from INR 5.23 Cr in FY2024. Working capital limits are confirmed to be below INR 5 Cr.
Operational Drivers
Raw Materials
Not specifically named in the documents, though the company name 'Shri Dinesh Mills' implies textile-related inputs such as wool or synthetic fibers.
Capacity Expansion
Current PPE stands at INR 24.04 Cr. Specific manufacturing capacity in units or MT is not disclosed.
Strategic Growth
Growth Strategy
The company is managing a significant investment portfolio of INR 158.09 Cr (70.1% of total assets) to generate returns. It has also identified 'Assets Held for Sale' valued at INR 6.19 Cr in FY2025, suggesting a strategy of divesting non-core assets to improve liquidity or reallocate capital.
Products & Services
Textiles and fabrics (implied by 'Mills' in company name).
Brand Portfolio
Shri Dinesh Mills.
External Factors
Industry Trends
The company is transitioning its asset base, evidenced by the introduction of INR 6.19 Cr in 'Assets Held for Sale' in FY2025, which may indicate a shift away from traditional manufacturing toward asset monetization or restructuring.
Competitive Moat
The company's primary strength is its strong balance sheet, with Other Equity of INR 184.30 Cr and a very low debt-to-equity ratio, providing a financial cushion against industry downturns.
Macro Economic Sensitivity
The company is highly sensitive to financial market performance due to current and non-current investments totaling INR 158.09 Cr, which constitutes the majority of its asset base.
Regulatory & Governance
Industry Regulations
The company complies with the Companies Act 2013 and Indian Accounting Standards (Ind AS). It has maintained an audit trail feature in its accounting software as required by Rule 3(1) of the Companies (Accounts) Rules, 2014.
Environmental Compliance
The company reported no unspent amounts for Corporate Social Responsibility (CSR) ongoing projects that required transfer to a special account.
Taxation Policy Impact
Deferred tax assets (net) stood at INR 0.58 Cr as of March 31, 2025, down from INR 0.65 Cr in FY2024.
Legal Contingencies
The company has disclosed the impact of pending litigations in its standalone financial statements, though specific case values are not provided in the summary snippets.
Risk Analysis
Key Uncertainties
The primary uncertainty is the realization of 'Assets Held for Sale' (INR 6.19 Cr) and the performance of the current investment portfolio (INR 146.63 Cr), which represents 65% of total assets.
Third Party Dependencies
The company has not provided any guarantees or security for third parties, reducing counterparty risk.
Technology Obsolescence Risk
The company has implemented audit trail features in its software to ensure data integrity, showing a commitment to digital compliance.
Credit & Counterparty Risk
Trade receivables are stable at INR 5.27 Cr in FY2025 vs INR 5.22 Cr in FY2024, indicating consistent collection cycles and low immediate credit risk.
