Oil India Q4 Profit Rises 12% To ₹1,790 Crore, Revenue Climb...
Source: Free Press Journal
Mayank Cattle Food Limited , formerly known as Mayank Cattle Food Private Limited, held its Board of Directors meeting on May 11, 2026, commencing at 10:00 AM and concluding at 10:45 AM at its registered office in Rajkot. Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board considered and approved the audited standalone financial results for the half year and full financial year ended March 31, 2026, along with the Audit Report issued by statutory auditors J C Ranpura & Co., Chartered Accountants. The auditors issued an unmodified opinion on the financial results, as confirmed by CFO and Director Ankit Bharatbhai Vachhani.
Financial Performance: FY26 Full Year
The company posted a strong improvement in profitability for the full financial year. The following table presents the key financial highlights from the Statement of Profit and Loss (Rs. in Lakhs):
Metric: FY26 (Audited) FY25 (Audited) Revenue from Operations: ₹40,316.70 ₹39,085.79 Other Income: ₹50.94 ₹37.03 Total Income: ₹40,367.64 ₹39,122.82 Total Expenses: ₹39,539.98 ₹38,411.77 Profit Before Tax: ₹827.66 ₹711.05 Net Profit (Continuing Operations): ₹601.81 ₹497.25 Basic EPS (Rs.): 11.14 9.21 Diluted EPS (Rs.): 11.14 9.21
The company's net profit from continuing operations grew to ₹601.81 lakhs in FY26 from ₹497.25 lakhs in FY25, reflecting a meaningful improvement in operational performance. Revenue from operations also rose to ₹40,316.70 lakhs from ₹39,085.79 lakhs in the prior year. Cost of material consumed stood at ₹37,113.03 lakhs, while finance costs declined to ₹326.46 lakhs from ₹364.99 lakhs, indicating improved debt management.
Half-Year Performance Comparison
The second half of FY26 (ended March 31, 2026) demonstrated stronger performance compared to both the first half of FY26 and the corresponding period of FY25. Key metrics are presented below (Rs. in Lakhs):
Metric: H2 FY26 (Audited) H1 FY26 (Unaudited) H2 FY25 (Audited) Revenue from Operations: ₹21,778.12 ₹18,538.58 ₹21,162.61 Total Income: ₹21,811.10 ₹18,556.54 ₹21,188.03 Profit Before Tax: ₹477.67 ₹349.99 ₹433.90 Net Profit: ₹349.43 ₹252.38 ₹295.21
Balance Sheet Highlights
The company's total assets expanded to ₹8,478.88 lakhs as at March 31, 2026, compared to ₹7,242.95 lakhs in the prior year. Key balance sheet figures are as follows (Rs. in Lakhs):
Parameter: 31-March-2026 31-March-2025 Share Capital: ₹540.00 ₹540.00 Reserves and Surplus: ₹3,268.08 ₹2,666.26 Total Shareholders' Funds: ₹3,808.08 ₹3,206.26 Long-term Borrowings: ₹405.63 ₹530.99 Short-term Borrowings: ₹3,579.14 ₹3,098.37 Total Assets: ₹8,478.88 ₹7,242.95 Inventories: ₹4,059.35 ₹3,107.90 Trade Receivables: ₹1,845.75 ₹1,659.10 Cash and Cash Equivalents: ₹9.47 ₹86.12
Reserves and surplus improved to ₹3,268.08 lakhs from ₹2,666.26 lakhs, reflecting the accretion of profits during the year. Long-term borrowings declined to ₹405.63 lakhs from ₹530.99 lakhs, while short-term borrowings increased to ₹3,579.14 lakhs from ₹3,098.37 lakhs.
Cash Flow Summary
For the year ended March 31, 2026, the company generated net cash from operating activities of ₹32.53 lakhs, compared to ₹1,126.30 lakhs in the prior year, primarily due to increased working capital requirements. Net cash used in investing activities stood at ₹63.16 lakhs, a significant improvement from ₹872.95 lakhs used in the prior year, as capital expenditure moderated to ₹179.50 lakhs from ₹795.47 lakhs. Net cash from financing activities was ₹31.06 lakhs, with the closing balance of cash and cash equivalents at ₹9.47 lakhs.
IPO Fund Utilisation and Deviation
The company also disclosed a statement on deviation in utilisation of funds raised through its Initial Public Offer conducted from January 29, 2024 to January 31, 2024, which raised ₹1,944.00 lakhs. A deviation was reported and approved by shareholders at the Annual General Meeting held on September 25, 2025, wherein unutilised issue proceeds of ₹74.17 lakhs — originally earmarked for capital expenditure towards purchase of additional plant and machinery and issue-related expenses — were reallocated towards working capital requirements. Total funds utilised stood at ₹1,943.83 lakhs, with an unutilised balance of ₹0.17 lakh retained in the Escrow IPO account. The company operates solely in the manufacturing of Maize Oil and Maize Cake, and segment reporting under AS-17 is not applicable. No investor complaints were pending at the start or end of the year, and none were received or disposed of during the period from April 1, 2025 to March 31, 2026.
Trading Window and Compliance
In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct, the trading window closure period will conclude 48 hours after the financial results are made public. The results have been posted on the company's website and on the BSE website at www.bseindia.com , in compliance with Regulation 33 of the SEBI Listing Regulations. The communication was signed by Whole-Time Director Ajay Popatlal Vachhani (DIN: 00585290) from Rajkot on May 11, 2026.
Mayank Cattle Food Limited has officially commenced production of groundnut oil on April 28, 2026, marking a significant expansion into the edible oils segment. The company disclosed this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Product Launch Details
The regulatory filing provides comprehensive information about the new product launch:
Parameter: Details Product Name: Groundnut Oil Production Start Date: April 28, 2026 Product Category: Edible Oil Target Market: Domestic International Markets: Not Applicable
Strategic Forward Integration
This groundnut oil launch represents a forward integration strategy for Mayank Cattle Food Limited, expanding beyond its traditional cattle feed manufacturing business. The company has positioned this as a significant step in its growth strategy, aimed at strengthening its presence in the fast-moving consumer goods (FMCG) sector.
The premium groundnut oil is manufactured using carefully selected, high-grade groundnuts processed under stringent quality control measures. The product targets the growing demand for healthy, natural, and chemical-free cooking oils in the domestic market.
Product Variants and Applications
The company has developed multiple product offerings to cater to different market segments:
Household Edition
Specially crafted for daily cooking needs of modern families
Processed under strict hygienic conditions
Preserves natural aroma, rich taste, and essential nutrients
Heart-friendly cooking oil with high-oleic variant for heart health support
Commercial Applications
Bulk HoReCa Pack: Designed for hotels, restaurants, cafes, and catering services
Cost-efficient solution for high-volume requirements
Convenient handling and storage for large-scale users
Economical option for professional kitchens demanding consistency
Quality Standards and Features
The groundnut oil production incorporates several quality assurance measures:
Multiple quality checks conducted at various production stages
Testing for purity, safety, and compliance with food safety regulations
High smoke point making it ideal for deep frying and sautéing
Neutral, slightly buttery flavor suitable for versatile cooking applications
Management Commentary
Managing Director Bharat Vachhani expressed satisfaction with the product launch, stating his delight in announcing the introduction of groundnut oil. He emphasized the company's continued commitment to innovation and excellence in the oil manufacturing sector, describing the product as a testament to their dedication to providing highest quality products.
Vachhani highlighted that the groundnut oil launch is expected to boost revenue, diversify income sources, and enhance market penetration by catering to health-conscious consumers. He noted that this move strengthens the company's brand image, provides a competitive edge, and establishes groundwork for long-term growth through further product development and market expansion.
Company Background
Mayank Cattle Food Limited operates in the manufacturing of maize oil (non-edible) and maize cake (cattle feed). The company has established itself as a comprehensive provider of premium products, encompassing edible oil, extracting corn oil, cattle food, animal food, and cattle food cake. With an extensive network of dealers across India, the company has built a reputation for top-quality cattle food products and substantial market influence in the cattle food industry.
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Source: scanx.trade
Source: Free Press Journal