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Metal Coatings India Ltd (531810)

📊 BSE: 531810 🏢 Iron & Steel Products 📢 Latest filing: 20 Aug 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Metal Coatings' revenue was ₹38.2 Cr (+9.2% year on year, +4.1% on the previous quarter), and net profit ₹0.8 Cr (+26.5% year on year); the operating margin was 1.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹38.2	+9.2%	+4.1%
Operating profit	₹0.7	+58.4%	+52.0%
Net profit	₹0.8	+26.5%	+493.4%
EPS (₹)	1.05	+26.5%	+483.3%
Operating margin	1.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Metal Coatings India Concludes 32nd AGM; Puts 6 Resolutions to Vote Including RPT Approval

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Aug 2026, 05:17 PM

Metal Coatings (India) Limited held its 32nd Annual General Meeting on August 20, 2026, via video conferencing. A total of 6 resolutions were transacted, including the adoption of FY26 financial statements, final dividend declaration, auditor re-appointments, and approval of material related party transactions with M/s Khandelwal Busar Industries Private Limited. Remote e-voting concluded on August 19, 2026, and a total of 12 registered shareholder speakers raised queries during the meeting. Scrutinizer voting results will be submitted to the stock exchange separately.

32nd Annual General Meeting conducted on August 20, 2026, from 12:30 PM to 1:51 PM IST
6 resolutions presented to shareholders covering financial adoption, dividend, auditor re-appointment, and related party transactions
Re-appointment of M/s Mehra Goel & Co LLP as Statutory Auditors for a 5-year term from 32nd to 37th AGM
12 registered shareholder speakers raised queries regarding company operations and financials

💡 Track the upcoming formal submission of scrutinizer voting results to verify voting outcomes on the material related party transaction resolution.

Rs 0.77 Cr Net Profit: Metal Coatings India Reports 26% YoY Profit Growth in Q1 FY27

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 04:35 PM

Metal Coatings India reported a positive start to FY27 with revenue growing 9.2% YoY to Rs 38.25 Cr. Net profit increased by 26.2% YoY to Rs 0.77 Cr, representing a significant recovery from the Rs 0.13 Cr reported in the preceding March quarter. The company maintains a lean balance sheet with minimal finance costs of just Rs 0.89 lakhs for the quarter. While margins remain thin in the steel products segment, the Q1 profit already accounts for approximately 38.5% of the total profit generated in the entire previous fiscal year (FY26).

Revenue from operations increased 9.2% YoY to Rs 38.25 Cr from Rs 35.03 Cr.
Net profit rose 26.2% YoY to Rs 0.77 Cr compared to Rs 0.61 Cr in the same period last year.
Earnings Per Share (EPS) improved to Rs 1.05 from Rs 0.83 YoY.
Raw material costs remained the largest expense at Rs 31.37 Cr, representing 82% of revenue.
Finance costs were reduced to Rs 0.89 lakhs from Rs 1.02 lakhs YoY.

💡 Investors should monitor raw material price trends as they constitute over 80% of the company's cost structure, directly impacting the thin 2% operating margins. Watch for consistency in quarterly PAT to see if the company can exceed its FY26 performance of Rs 2.0 Cr.

Rs 0.77 Cr PAT: Metal Coatings India Q1 FY27 Profit Grows 26% YoY

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 04:24 PM

Metal Coatings India reported a steady Q1 FY27 with revenue from operations rising 9.2% YoY to Rs 38.25 Cr. Net profit for the quarter stood at Rs 0.77 Cr, a 26.2% increase compared to Rs 0.61 Cr in the same period last year. Sequentially, the performance is a significant recovery from the previous quarter (Q4 FY26), where profit was just Rs 0.13 Cr. Despite the growth, operating margins remain thin at approximately 2.7%, consistent with the company's historical low-margin profile in the iron and steel products segment.

Revenue from operations grew 9.2% YoY to Rs 38.25 Cr from Rs 35.03 Cr.
Net Profit increased to Rs 0.77 Cr, up from Rs 0.61 Cr in the year-ago quarter.
Basic and Diluted EPS improved to Rs 1.05 from Rs 0.83 YoY.
Cost of materials consumed stood at Rs 31.37 Cr, representing 82% of total revenue.
Total Comprehensive Income for the period reached Rs 0.80 Cr after accounting for other items.

💡 Investors should monitor the sustainability of the sequential margin recovery and track raw material price trends, which significantly impact this low-margin business.

Aug 13 Board Meeting to approve Q1 FY27 financial results

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 07 Aug 2026, 06:01 PM

Metal Coatings India Ltd has scheduled a board meeting on August 13, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company currently operates with a thin TTM operating margin of 2.0% and reported a TTM revenue of Rs 149 Cr. Investors will be monitoring if the company can improve its profitability, which stood at just Rs 0.13 Cr in the most recent March 2026 quarter. The trading window for insiders remains closed until 48 hours after the results are announced.

Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results.
Trading window closed from July 1, 2026, until 48 hours post-announcement.
Company reported TTM revenue of Rs 149 Cr against a market cap of Rs 39 Cr.
Operating profit margins remain low at 2.0% as per TTM data.
Promoter holding has seen a marginal increase from 70.52% in June 2025 to 70.94% in March 2026.

💡 Monitor the financial results on August 13, 2026, specifically focusing on whether operating margins can recover from the 2.0% level to improve net profitability.

Metal Coatings India Ltd Schedules 32nd AGM for Aug 20, 2026; Record Date Aug 13

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jul 2026, 01:38 PM

Metal Coatings India Ltd has announced its 32nd Annual General Meeting (AGM) to be held on August 20, 2026, via video conferencing. The company has established August 13, 2026, as the record date for determining shareholder eligibility for the final dividend and e-voting. This filing is a procedural update providing the web link for the FY2025-26 Annual Report and reminding shareholders to update KYC details. With a small market cap of ₹38 Cr and TTM revenue of ₹149 Cr, the company maintains a low operating margin of 2.0%.

32nd Annual General Meeting scheduled for August 20, 2026, at 12:30 P.M. IST
Record date for final dividend and e-voting set for August 13, 2026
Remote e-voting period spans from August 16, 2026, to August 19, 2026
Book closure period fixed from August 14, 2026, to August 20, 2026
Company reported TTM PAT of ₹2 Cr on a revenue base of ₹149 Cr

💡 Investors should access the Annual Report via the provided link to review the full financial statements and management discussion before the AGM on August 20.

Metal Coatings India FY26: Rs 1 Dividend Declared; Revenue Declines 7% to Rs 148.98 Cr

🟡 NEUTRAL ⭐ 6/10

DIVIDEND 📅 24 Jul 2026, 01:25 PM

Metal Coatings India Ltd reported a 7% year-on-year decline in revenue to Rs 148.98 Cr for FY26, attributed to steel industry volatility and geopolitical disruptions in the Middle East. Despite the revenue drop, Net Profit (PAT) remained stable at Rs 2.40 Cr compared to Rs 2.37 Cr in FY25, aided by cost-optimization measures. The Board has recommended a final dividend of Rs 1 per share (10% of face value), representing a 30.53% payout ratio. A significant observation in the report is the Chairman's remuneration of Rs 2.70 Cr, which exceeds the company's total annual profit.

Revenue from operations decreased by 7% to Rs 148.98 Cr in FY26 from Rs 160.25 Cr in FY25.
Proposed final dividend of Rs 1 per share with a total payout of Rs 73.27 Lakhs.
Chairman Ramesh Chander Khandelwal's remuneration for FY26 was Rs 2.70 Cr, surpassing the company's PAT of Rs 2.40 Cr.
Record date for dividend eligibility is fixed for August 13, 2026, with the AGM on August 20, 2026.
Finance costs significantly reduced to Rs 1.41 Lakhs in FY26 from Rs 237.41 Lakhs in FY25.

💡 Investors should monitor the 32nd AGM on August 20, 2026, specifically regarding the ratification of director remuneration which currently exceeds net earnings. Watch for management commentary on how they plan to improve the thin 2% operating margins.

Metal Coatings India Proposes Rs 1 Dividend; AGM Set for Aug 20, 2026

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 24 Jul 2026, 12:51 PM

Metal Coatings India has convened its 32nd Annual General Meeting (AGM) for August 20, 2026. The board has recommended a final dividend of 10% (Rs 1 per share) for FY26, totaling approximately Rs 0.73 Cr. Key agenda items include the re-appointment of Statutory Auditors for a five-year term and approval for material related party transactions with Khandelwal Busar Industries Private Limited. Notably, Director Ramesh Chander Khandelwal's FY26 remuneration of Rs 2.70 Cr is significantly high compared to the company's TTM PAT of Rs 2 Cr.

Proposed final dividend of 10% (Rs 1 per share) on 73,26,800 equity shares for FY26.
Approval sought for material related party transactions with Khandelwal Busar Industries Private Limited for the period until the 33rd AGM.
Director Ramesh Chander Khandelwal drew a remuneration of Rs 270.18 Lakh (Rs 2.70 Cr) in FY26.
Re-appointment of M/s. Mehra Goel & Co LLP as Statutory Auditors for a second 5-year term until the 37th AGM.
Cost Auditor remuneration for FY27 fixed at Rs 60,000 plus taxes.

💡 Investors should monitor the voting results, particularly regarding the material related party transactions and the high executive remuneration relative to the company's net profit.

Rs 1 Dividend: Metal Coatings India Sets August 13 as Record Date for FY26 Final Dividend

🟢 POSITIVE ⭐ 5/10

DIVIDEND 📅 15 Jul 2026, 03:24 PM

Metal Coatings (India) Ltd has announced a final dividend of Rs 1 per equity share for the financial year 2025-26, which is a 10% payout on its face value of Rs 10. The company has fixed August 13, 2026, as the record date to determine shareholder eligibility for both the dividend and e-voting. The 32nd Annual General Meeting (AGM) is scheduled for August 20, 2026, where the dividend will be formally approved. At the current share price of Rs 51.5, this represents a dividend yield of approximately 1.94%.

Final dividend of Rs 1 per equity share recommended for FY 2025-26
Record date for dividend eligibility and AGM voting fixed as August 13, 2026
Book closure period scheduled from August 14, 2026, to August 20, 2026
32nd Annual General Meeting to be held on August 20, 2026, via video conferencing
Remote e-voting window open from August 16, 2026, to August 19, 2026

💡 Investors interested in the dividend should monitor the ex-dividend date (typically one trading day prior to the August 13 record date) to ensure eligibility for the Rs 1 per share payout.

Metal Coatings India Ltd Sets Aug 13 Record Date for Rs 1 Dividend and Re-appoints Auditors

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 15 Jul 2026, 03:01 PM

Metal Coatings India Ltd has scheduled its 32nd Annual General Meeting (AGM) for August 20, 2026. The Board has fixed August 13, 2026, as the record date for a recommended final dividend of Rs 1 per equity share (10% of face value). Additionally, the company has approved the re-appointment of M/s. Mehra Goel & Co LLP as Statutory Auditors for a second five-year term, alongside the re-appointment of Cost and Internal Auditors for FY 2026-27. These moves ensure continuity in the company's financial auditing and governance framework.

Recommended final dividend of Rs 1 per equity share for the financial year ended March 31, 2026.
Record date for dividend eligibility and e-voting set for August 13, 2026.
Statutory Auditor M/s. Mehra Goel & Co LLP re-appointed for a second 5-year term until the 37th AGM.
32nd Annual General Meeting scheduled for August 20, 2026, via video conferencing.
Internal and Cost Auditors re-appointed for the upcoming financial year 2026-27.

💡 Investors should ensure their shareholding is reflected in the records by August 13, 2026, to be eligible for the Rs 1 dividend, and monitor the AGM results for formal approval of these proposals.

Metal Coatings India Ltd sets Aug 13 as Record Date for Rs 1 Dividend; 32nd AGM on Aug 20

🟡 NEUTRAL ⭐ 5/10

BOARD_MEETING 📅 15 Jul 2026, 02:54 PM

Metal Coatings India Ltd has finalized the schedule for its 32nd Annual General Meeting (AGM) to be held on August 20, 2026. The Board has fixed August 13, 2026, as the record date for a final dividend of Rs 1 per equity share (10% of face value), which was previously recommended in May 2026. Additionally, the company has approved the re-appointment of Mehra Goel & Co LLP as statutory auditors for a second five-year term. Re-appointments for cost and internal auditors for the financial year 2026-27 were also confirmed.

Final dividend of Rs 1 per equity share (Face Value Rs 10) recommended for FY 2025-26
Record date for dividend eligibility and e-voting fixed as August 13, 2026
32nd Annual General Meeting scheduled for August 20, 2026, at 12:30 P.M. IST
Statutory Auditor re-appointed for a 5-year term from the 32nd AGM until the 37th AGM
Remote e-voting period to run from August 16, 2026 (9 A.M.) to August 19, 2026 (5 P.M.)

💡 Investors seeking the Rs 1 dividend should ensure they hold shares by the August 13 record date. Review the upcoming Annual Report for FY 2025-26 to assess the company's operational performance given the 29.4% share price decline over the last 12 months.

Rs 1.00 Final Dividend: Metal Coatings India Sets Record Date for August 13, 2026

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 15 Jul 2026, 02:45 PM

Metal Coatings India Ltd has finalized the schedule for its 32nd Annual General Meeting (AGM) to be held on August 20, 2026. The company has fixed August 13, 2026, as the record date for a final dividend of Rs 1 per equity share (10% of face value), which was previously recommended in May 2026. Additionally, the board has recommended the re-appointment of Mehra Goel & Co LLP as statutory auditors for a second five-year term. Re-appointments for cost and internal auditors for FY 2026-27 were also confirmed.

Final dividend of Rs 1 per equity share of face value Rs 10 approved for recommendation.
Record date for dividend eligibility and e-voting fixed as August 13, 2026.
Statutory auditor re-appointed for a second term of 5 consecutive years until the 37th AGM.
32nd Annual General Meeting scheduled for August 20, 2026, at 12:30 P.M.
Remote e-voting period set from August 16, 2026, to August 19, 2026.

💡 Investors should ensure their shareholding is recorded by August 13, 2026, to be eligible for the Rs 1 dividend, and monitor the AGM results on August 20 for formal approval.

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