Mehul Colours Limited has released its annual financial report for the fiscal year ended March 31, 2026. The company announced a significant 33.22% increase in revenue from operations, reaching ₹3,040.32 lakhs. Total income for the year stood at ₹3,181.16 lakhs. The reported net profit after tax for FY 2025-26 was ₹522.29 lakhs.
Mehul Colours Reports Strong FY26 Financials
Mehul Colours Limited (formerly known as Mehul Colours and Masterbatches Limited) has announced its financial results for the fiscal year ended March 31, 2026. The company reported a substantial 33.22% growth in revenue from operations, which increased to ₹3,040.32 lakhs from ₹2,282.20 lakhs in the previous year. Total income for the fiscal year reached ₹3,181.16 lakhs, up from ₹2,371.29 lakhs in FY 2024-25.
Profitability and Earnings Per Share
Profit before tax for the year stood at ₹703.48 lakhs, compared to ₹740.37 lakhs in the prior year. The net profit after tax for FY 2025-26 was ₹522.29 lakhs, a decrease from ₹550.30 lakhs in FY 2024-25. Basic and diluted earnings per share (EPS) for the year were ₹5.49, down from ₹7.30 in the previous year. This moderation in profit margins was attributed to input-cost movements in petrochemical and pigment-linked feedstocks.
Initial Public Offer and Share Capital
During FY 2025-26, the Company completed its Initial Public Offer (IPO) and its equity shares were listed on the SME Platform of BSE Limited on August 6, 2025. This move raised fresh capital, strengthening the company’s net-worth and liquidity position. The net worth increased to ₹4,126.79 lakhs as of March 31, 2026, compared to ₹1,706.06 lakhs in the previous year. The company also issued and allotted 30,08,000 equity shares as part of the IPO.
Corporate Governance and Board Appointments
The report details the composition of the Board of Directors and key managerial personnel. Mrs. Bhakti Mehul Joshi is set to retire by rotation at the upcoming 31st Annual General Meeting (AGM) and is eligible for re-appointment. The Board also recommended the appointment of Mr. Tejas Harish Joshi as an Additional Director, effective September 5, 2026, subject to member approval. The company conducted several Board and Committee meetings throughout the financial year.
CSR Spending
Mehul Colours Limited reported spending ₹10.84 lakhs on Corporate Social Responsibility (CSR) activities during FY 2025-26, which aligns with its obligation under Section 135 of the Companies Act, 2013. The spending was focused on healthcare initiatives in Madhya Pradesh.
Source: BSE
