Solitaire Machine Tools Ltd — Quarter and year ended 31st March, 2026
SOLITAIRE MACHINE TOOLS LTD
May 9, 2026
To
The Manager
BSE Limited
Corporate Relationship Department
Phiroze Jeejeebhoy Towers
Dalal Street, Mumbai – 400 001
Sub: Statement of Standalone Audited Financial Results for the Quarter and Year ended 31st March, 2026 and Independent Auditor’s Report of Statutory Auditor thereon.
Ref: Scrip Code: 522152 | Scrip Name: SOLIMAC
Dear Sir/Madam,
In terms of the provisions of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors at their meeting held on 9th May, 2026 have considered and approved the Standalone Audited Financial Statements for the Year Ended 31st March, 2026 and Audited Financial Results for the Quarter and Year ended 31st March, 2026 along with the statement of Assets & Liabilities as on 31st March, 2026 and for the year ended 31st March, 2026. Accordingly, we are pleased to enclose herewith the following:
- Standalone Audited Financial Statements for the Year Ended 31st March, 2026 and Audited Financial Results for the Quarter and Year ended 31st March, 2026 along with the statement of Assets & Liabilities as on 31st March, 2026 and Statement of Cashflows for the year ended 31st March, 2026; and
- Independent Auditor’s Report on Audited Financial Statements for the Year ended 31st March, 2026.
- Declaration with respect to Audit Report with Unmodified Opinion to the Audited Financial Results for the Financial Year ended 31st March, 2026.
Kindly take the same on your record and oblige.
Yours Faithfully
For Solitaire Machine Tools Limited
RESHMA
SHAHIL
KIRI
Reshma Kiri
Company Secretary &
Compliance Officer
ACS – 54902
Encl: As Above
SOLITAIRE MACHINE TOOLS LIMITED – CIN No. L28932GJ1967PLC143293
Regd. Office & Plant II: A-24/25, Krishna Industrial Estate, Near B.I.D.C., Gorwa, Vadodara – 390 016, Gujarat, India.
Plant I : 292, Dharamsinh Desai Marg, Chhani Road, Vadodara-390 024, Gujarat, India.
Mob. : 99044 08538, 9099440114 • E-mail : sales@smtgrinders.com • Website : www.smtgrinders.com
Statement of Audited Financial Results for the Quarter and Year ended 31st March, 2026
(Rs. In Lakhs)
| Sr.No. | Particulars | Quarter Ended | Year Ended |
|---|---|---|---|
| 31-Mar-26 (Audited) | 31-Dec-25 (Unaudited) | ||
| I. Income | |||
| I | Revenue from Operations | 838.59 | 359.35 |
| II | Other Income | 4.32 | 5.34 |
| III | Total Income (I+II) | 842.91 | 364.70 |
| IV. Expenses | |||
| a) | Cost of materials consumed | 371.18 | 128.73 |
| b) | Changes in Inventories of finished goods and work-in-progress | 104.69 | (16.90) |
| c) | Employee benefits expense | 102.49 | 109.57 |
| d) | Finance Costs | 8.25 | 0.04 |
| e) | Depreciation and amortization expenses | 25.95 | 14.23 |
| f) | Other Expenses | 128.02 | 82.82 |
| Total Expenses (IV) | 740.57 | 318.50 | |
| V. Profit before tax for the period (III-IV) | 102.33 | 46.20 | |
| VI. Tax Expenses | |||
| a) | Current Tax | 30.89 | 11.96 |
| b) | Taxation pertaining to earlier years | 8.07 | (0.01) |
| c) | Deferred Tax | (4.46) | 0.89 |
| VII. Profit for the period (V-VI) | 67.84 | 33.36 | |
| VIII. Other Comprehensive Income | |||
| A. Items that will not be reclassified to profit & loss | |||
| (i) | Re-measurement of the defined benefit plan | 2.52 | 4.28 |
| (ii) | Tax on above | (0.63) | (1.08) |
| Re-measurement of the defined benefit plan( net of tax ) | 1.88 | 3.20 | |
| IX. Total Comprehensive Income for the period (VII+VIII) | 69.72 | 36.56 | |
| X. Paid-up Equity Share Capital | |||
| (Face Value of Rs. 10 per share) | 454.22 | 454.22 | |
| XI. Other Equity | |||
| XII. Earnings per equity share (₹) | |||
| Basic Earning per equity share (₹) | 1.49 | 0.73 | |
| Diluted Earning per equity share (₹) | 1.49 | 0.73 |
Statement of Assets and Liabilities as on 31st March, 2026
(Rs. in Lakhs)
| Particulars | As at 31st March, 2026 | As at 31st March, 2025 |
|---|---|---|
| ASSETS | ||
| (1) Non-Current Assets | ||
| (a) Property, Plant and Equipment and Intangible Assets | ||
| (i) Property, Plant and Equipment | 1,729.79 | 618.46 |
| (ii) Intangible assets | 0.19 | 2.76 |
| (b) Capital work-in-progress | – | 1,034.77 |
| (c) Financial Assets | ||
| (i) Investments | 0.21 | 0.21 |
| (ii) Other Financial Assets | 5.56 | 15.42 |
| (d) Other non-current assets | 0.74 | 60.21 |
| Total Non-Current Assets | 1,736.51 | 1,731.83 |
| (2) Current Assets | ||
| (a) Inventories | 543.23 | 430.69 |
| (b) Financial Assets | ||
| (i) Investments | 183.82 | 109.53 |
| (ii) Trade receivables | 108.33 | 414.95 |
| (iii) Cash and cash equivalents | 131.79 | 65.54 |
| (iv) Other bank balances | 146.64 | 152.00 |
| (v) Loans | 0.26 | 0.87 |
| (vi) Other Financial Assets | 17.71 | 15.43 |
| (c) Other current assets | 8.76 | 1.67 |
| Total current assets | 1,140.55 | 1,190.67 |
| Total assets | 2,877.05 | 2,922.51 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| (a) Equity Share Capital | 454.22 | 454.22 |
| (b) Other Equity | 1,556.69 | 1,507.04 |
| Total equity | 2,010.91 | 1,961.26 |
| Liabilities | ||
| (1) Non-Current Liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings | 272.13 | 413.94 |
| (b) Provisions | 1.34 | 4.74 |
| (c) Deferred tax liabilities (net) | 36.79 | 40.98 |
| Total non-current liabilities | 310.27 | 459.66 |
| (2) Current Liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings | 141.80 | 141.80 |
| (ii) Trade payables | ||
| (A) due to micro enterprises and small enterprises | 89.96 | 31.71 |
| (B) due to other than micro enterprises and small enterprises | 79.53 | 111.79 |
| (iii) Other Financial liabilities | 92.04 | 123.32 |
| (b) Other Current Liabilities | 134.19 | 70.69 |
| (c) Provisions | 15.02 | 16.20 |
| (d) Current Tax Liabilities (Net) | 3.34 | 6.08 |
| Total Current liabilities | 555.88 | 501.59 |
| Total Equity and Liabilities | 2,877.05 | 2,922.51 |
Statement of Cash Flows for the Year Ended 31st March, 2026
(Rs. in Lakhs)
| Particulars | For the year ended 31st March, 2026 | For the year ended 31st March, 2025 |
|---|---|---|
| [A] CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit/(Loss) before tax | 191.89 | 314.22 |
| Adjustments for: | ||
| Depreciation & Amortization of Property, Plant and Equipments and Intangible Assets | 68.64 | 59.30 |
| Fair value Gain on FVTPL investments | 2.71 | (7.07) |
| Interest on Deposits with Bank | (4.21) | (7.20) |
| Finance Costs | 8.31 | 0.10 |
| Provision for Doubtful Receivables/Advances/Sundry balances written off | 10.63 | 14.88 |
| Provision/Advances/Sundry Balances written back | (0.11) | (0.26) |
| (Profit)/Loss on sale of Property, Plant and Equipments (Net) | – | (42.56) |
| (Profit)/Loss on sale of Investments (Net) | (0.59) | – |
| Unrealised foreign exchange (gain)/loss (Net) | (0.33) | 1.42 |
| Operating Profit/(Loss) before changes in working capital | 276.95 | 332.84 |
| Adjustment for (Increase)/Decrease in Operating Assets | ||
| Inventories | (112.54) | 117.09 |
| Trade Receivables | 306.20 | 175.05 |
| Loans and Advances | 0.61 | 0.39 |
| Other Assets | 14.02 | (8.17) |
| Adjustment for Increase/(Decrease) in Operating Liabilities | ||
| Trade Payables | 26.10 | (14.07) |
| Provisions | 3.43 | (17.99) |
| Other Liabilities | 64.19 | (296.36) |
| Cash flow from operations after changes in working capital | 578.95 | 288.78 |
| Net Direct Taxes (Paid)/Refunded | (67.49) | (66.26) |
| Net Cash Flow from/(used in) Operating Activities | 511.46 | 222.52 |
| [B] CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of Property, Plant and Equipments including Capital Advances & CWIP | (145.85) | (501.82) |
| Sale of Property, Plant and Equipments | – | 45.10 |
| Purchase of Investment | (102.00) | (25.00) |
| Sale of Investment | 25.59 | – |
| Interest on Deposits with Bank | 8.86 | 16.98 |
| FD Maturity Receipt | 0.00 | 100.00 |
| Bank Balance not considered as Cash and Cash Equivalents | 5.36 | (104.71) |
| Net Cash Flow from/(used in) Investing Activities | (208.05) | (469.46) |
| [C] CASH FLOW FROM FINANCING ACTIVITIES | ||
| Proceeds from Borrowings | – | 442.43 |
| Repayment of Borrowings | (141.80) | (90.17) |
| Finance Costs | (8.31) | (0.10) |
| Dividend Paid including Dividend Distribution tax | (87.04) | (81.13) |
| Net Cash Flow from/(used in) Financing Activities | (237.16) | 271.03 |
| Net Increase/ (Decrease) in Cash and Cash Equivalents | 66.25 | 24.09 |
| Cash & Cash Equivalents at beginning of period (see Note 1) | 65.54 | 41.45 |
| Cash and Cash Equivalents at end of period (see Note 1) | 131.79 | 65.54 |
Notes (Cash and Cash equivalents)
| Description | Value 1 | Value 2 |
|---|---|---|
| 1 Cash and Cash equivalents comprise of: | ||
| Cash on Hands | 0.01 | 0.00 |
| Balance with Banks | 131.78 | 25.54 |
| Bank Deposit | – | 40.00 |
| Cash and Cash equivalents | 131.79 | 65.54 |
| Cash and Cash equivalents as restated | 131.79 | 65.54 |
| 2. Figures of the previous year have been regrouped / reclassified wherever necessary. |