Shlokka Dyes Ltd (544582)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Shlokka Dyes' revenue was ₹50.6 Cr (-16.8% year on year, +61.4% on the previous half-year), and net profit ₹3.5 Cr (-32.7% year on year); the operating margin was 14.0%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹50.6 | -16.8% | +61.4% |
| Operating profit | ₹7.1 | -25.4% | +62.3% |
| Net profit | ₹3.5 | -32.7% | +135.1% |
| EPS (₹) | 1.63 | -52.5% | +66.3% |
| Operating margin | 14.0% | — | — |
📢 Recent Corporate Announcements
Shlokka Dyes has approved the acquisition of Equinox Impex (EI), a promoter-owned entity, for ₹3.67 crore in cash. The acquisition is significant as EI's FY26 turnover of ₹47.01 crore represents approximately 57% of Shlokka's FY26 standalone revenue of ₹81.94 crore. While the deal consolidates the promoter's export business into the listed entity and eliminates conflicts of interest, the target entity operates on very thin margins, reporting a PAT of only ₹0.28 crore on ₹47 crore revenue (0.6% margin).
- Acquisition of Equinox Impex for a total cash consideration of ₹3.67 crore on a slump sale basis.
- Target entity turnover of ₹47.01 crore in FY26, which is ~57% of Shlokka Dyes' FY26 revenue of ₹81.94 crore.
- The deal includes ₹1.44 crore specifically for the acquisition of the 'EQUINOX' trademark.
- Target entity's revenue has shown volatility, declining from ₹75.69 crore in FY25 to ₹47.01 crore in FY26.
- The transaction is a Related Party Transaction as the target is a sole proprietorship of the company's Managing Director.
Financial Performance
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Operational Drivers
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Strategic Growth
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External Factors
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Regulatory & Governance
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Risk Analysis
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