Why did revenue fall even as profit grew?

The filing shows a 7% revenue drop to ₹148.97 crore, but net profit still rose slightly to ₹2.40 crore. This suggests the company managed its costs effectively to protect its bottom line despite a challenging sales environment.

What is the dividend payout?

The board recommended a final dividend of ₹1 per equity share, which is 10% of the face value. At the current market cap, this represents a yield of approximately 1.6%.

How does the result compare to the previous year?

Revenue is down from ₹160.25 crore in the prior fiscal year, while net profit is up from ₹2.37 crore. The company delivered a similar profit on a smaller revenue base.

Earnings · Steel & Iron Products · Micro cap

Metal Coatings' revenue slips 7%, but profit holds steady

Annual sales fell to ₹148.97 cr, yet net profit inched up to ₹2.40 cr. The company is paying a ₹1 dividend.

— 1 earlier story on Metal Coatings (India) Ltd. →

METALCO By Tipsheet Editorial 27 May 2026 · 5:29 PM IST Verify on BSE · NSE

Mkt cap₹39.88 cr

P/E16.62×

ROE5.62%

Debt / eq.0.04

Div yld1.84%

₹148.97 cr FY26 revenue, down from ₹160.25 cr in the prior year.

What's new

FY26 revenue fell 7% to ₹148.97 crore from ₹160.25 crore the prior year.
Net profit rose marginally to ₹2.40 crore from ₹2.37 crore.
The board recommended a final dividend of ₹1 per share (10% of face value).

Why this matters

The top-line contraction is the first thing the numbers show. That profit still grew, even by a sliver, signals tight cost control or a better product mix. The dividend is a small but steady return to shareholders.

What we're watching

Whether the revenue decline is a one-year blip or the start of a trend.
How the company balances cost discipline with the need to invest for growth.
The final dividend yield, at about 1.6% of market cap, sets a modest bar for future payouts.

The full read

Metal Coatings' sales shrank 7% to ₹148.97 crore in FY26, down from ₹160.25 crore the year before. But the company's profit didn't follow revenue downhill. Net profit edged up to ₹2.40 crore from ₹2.37 crore, a sign that tighter spending or a better product mix offset the weaker top line. The board is passing along a ₹1 per share final dividend, a yield of about 1.6% against the current market cap. For a company posting a revenue decline, maintaining profit and paying a dividend is the minimum requirement. The result is routine, but the stability is the headline.

Questions answered

Why did revenue fall even as profit grew?: The filing shows a 7% revenue drop to ₹148.97 crore, but net profit still rose slightly to ₹2.40 crore. This suggests the company managed its costs effectively to protect its bottom line despite a challenging sales environment.
What is the dividend payout?: The board recommended a final dividend of ₹1 per equity share, which is 10% of the face value. At the current market cap, this represents a yield of approximately 1.6%.
How does the result compare to the previous year?: Revenue is down from ₹160.25 crore in the prior fiscal year, while net profit is up from ₹2.37 crore. The company delivered a similar profit on a smaller revenue base.

Mentioned: Metal Coatings (India) Ltd. · FY26 · ₹1 dividend

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Metal Coatings (India) Ltd.

Steel

₹38 cr

P/E 16.01×

Latest quarter · Mar 2026

Sales₹37 cr

Net profit₹0 cr

Op. margin+1.3%

EPS₹0.18

Strength & growth

Debt / equity0.04×

Current ratio4.73×

Sales CAGR+4.7%

EPS CAGR+4.5%

Story so far

All notes on METALCO →

27 May 2026 · 5:29 PM IST Metal Coatings' revenue slips 7%, but profit holds steady
48d ago Metal Coatings revenue slips 7% as profit holds steady at ₹2.40 cr