Ravelcare Limited FY26 Financials

Revenue from operations for Ravelcare Limited rose by 7.9% to ₹26.95 crore in the financial year ended March 31, 2026, compared to ₹24.98 crore in FY25. Net profit saw a marginal increase to ₹5.15 crore from ₹5.09 crore.

Reader Takeaway: Revenue growth is stable, but negative cash flow and EPS dilution are key concerns.

What just happened

Ravelcare Limited announced its financial results for the fiscal year 2025-26. The company reported a revenue of ₹26.95 crore, marking a 7.9% increase from the previous year's ₹24.98 crore. Net profit edged up to ₹5.15 crore from ₹5.09 crore.

Why this matters

While revenue and net profit show modest growth, a significant deterioration in operating cash flow to ₹-17.47 crore from ₹-3.18 crore is a critical concern for investors. This negative cash flow, mainly due to 'Other Current Assets', indicates potential liquidity pressures or aggressive working capital management.

The backstory

The company's paid-up equity share capital increased from ₹5.01 crore in FY25 to ₹6.86 crore in FY26. This capital expansion, while boosting the equity base, led to a dilution in Basic Earnings Per Share (EPS), which fell from ₹10.16 to ₹9.20.

What changes now

Investors will closely monitor the management's explanation for the substantial negative operating cash flow and the accumulation in 'Other Current Assets'. The unchanged unmodified audit opinion from Ratan Chandak & Co LLP provides assurance on the reported figures.

Risks to watch

The primary risk is the sustainability of operations with a large negative operating cash flow. The dilution in EPS due to increased share capital also needs to be assessed against future earnings growth potential.

Peer comparison

(No peer comparison data available in the filing.)

Context metrics (time-bound)

• Revenue (FY26): ₹26.95 crore (up 7.9% from FY25)
• Net Profit (FY26): ₹5.15 crore (up 1.2% from FY25)
• Basic EPS (FY26): ₹9.20 (down from ₹10.16 in FY25)
• Operating Cash Flow (FY26): ₹-17.47 crore (vs. ₹-3.18 crore in FY25)
• Paid-up Equity Capital (FY26): ₹6.86 crore (up from ₹5.01 crore in FY25)

What to track next

Investors should look for management commentary on the significant increase in 'Other Current Assets' and the plans to improve operating cash flow in the upcoming quarters. The performance of the newly issued shares will also be a key watch point.