Integrated Filing — IndAS



General information about company

Scrip Code 500404
NSE Symbol SUNFLAG
MSEI Symbol NOTLISTED
ISIN INE947A01014
Name of company SUNFLAG IRON AND STEEL COMPANY LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 29-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment ROLLED PRODUCTS
Start date and time of board meeting 29-05-2026   12:00:00
End date and time of board meeting 29-05-2026   17:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,00,069.00 3,93,938.00
Other income 299.00 1,644.00
Total income 1,00,368.00 3,95,582.00
2 Expenses
(a) Cost of materials consumed 59,923.00 2,35,181.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 189.00 12,911.00
(d) Employee benefit expense 3,803.00 15,105.00
(e) Finance costs 1,766.00 7,222.00
(f) Depreciation, depletion and amortisation expense 2,837.00 11,317.00
(f) Other Expenses
1 Other Expenses 23,747.00 83,059.00
Total other expenses 23,747.00 83,059.00
Total expenses 92,265.00 3,64,795.00
3 Total profit before exceptional items and tax 8,103.00 30,787.00
4 Exceptional items 0.00 (870.00)
5 Total profit before tax 8,103.00 29,917.00
6 Tax expense
7 Current tax 2,176.00 8,002.00
8 Deferred tax 2,530.00 1,843.00
9 Total tax expenses 4,706.00 9,845.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 3,397.00 20,072.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 31.00 165.00
16 Total profit (loss) for period 3,428.00 20,237.00
17 Other comprehensive income net of taxes (24,531.00) (7,215.00)
18 Total Comprehensive Income for the period (21,103.00) 13,022.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 3,427.00 20,235.00
Total profit or loss, attributable to non-controlling interests 1.00 2.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (21,104.00) 13,020.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 1.00 2.00
21 Details of equity share capital
Paid-up equity share capital 18,022.00 18,022.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 8,36,335.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.9 11.23
Diluted earnings (loss) per share from continuing operations 1.9 11.23
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.9 11.23
Diluted earnings (loss) per share from continuing and discontinued operations 1.9 11.23
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes:- 1. The above audited consolidated financial results for the quarter and year ended March 31, 2026 have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors (Board) of Sunflag Iron and Steel Company Limited (“the Company” or “Holding Company”) at their respective meetings held on May 29, 2026. 2.These results have been prepared in accordance with the recognition and measurement principles of the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013, other accounting principles generally accepted in India and are in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). 3.The management of the Holding Company has identified that, the Group has only one operating segment i.e. ‘Iron & Steel Business’ and operations are mainly within India. Hence, it is the only reportable segment under IND AS- 108 ‘Operating Segments’. 4.The Board of Directors have recommended a dividend of Rs.1/- per fully paid up equity share of Rs. 10 each for the year ended March 31, 2026, subject to approval by the shareholders. 5. Other Comprehensive income for the quarter and year ended March 31, 2026 consists of; a. The Holding Company values its Property, Plant and Equipment as per Replacement cost method of the cost approach method and in view thereof, the Holding Company has revalued certain classes of its Property, Plant and Equipment based on the report by an independent registered valuer as on March 31, 2026. Accordingly, the net carrying values of Buildings and Plant & Machinery as on March 31, 2026 have been increased by Rs. 581 lakhs and Rs. 496 lakhs respectively with corresponding effect in Other Comprehensive Income of Rs 806 lakhs (net of tax impact of Rs. 271 lakhs). b. MTM (loss) of ( Rs 29,760 lakhs) & ( Rs 9,330 lakhs) for the quarter and year ended March 31, 2026 respectively, on equity shares held by the Holding Company in Lloyds Metal & Energy Limited (LMEL), recognised at its fair value as at March 31, 2026. 6. Government of India notified the four Labour Codes on November 21, 2025 consolidating 29 existing labours laws. The Ministry of Labour and Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulation. The Holding Company has assessed its implication through actuarial valuation, which has resulted in increase in gratuity and leave liability by Rs. 870 Lakhs. Considering the impact arising out of an enactment of the new legislation, the Holding Company have recognised the same under “Exceptional Items” for the quarter ended December 31, 2025. 7. The figures of previous periods have been re-grouped/re-classified wherever necessary to make them comparable. 8.The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures upto the third quarter of the financial years.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,53,876.00
Capital work-in-progress 21,387.00
Investment property
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 7,69,230.00
Trade receivables, non-current
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 4,923.00
Total of other non-current financial assets 4,923.00
Total non-current financial assets 7,74,153.00
Deferred tax assets (net)
Other non-current assets
1 Other non-current assets 2,595.00
2 Right of use assets 3,825.00
Total of other non-current assets 6,420.00
Total non-current assets 9,55,836.00
2 Current assets
Inventories 97,626.00
Current financial asset
Current investments 0.00
Trade receivables, current 33,933.00
Cash and cash equivalents 18,189.00
Bank balance other than cash and cash equivalents 4,786.00
Loans, current 0.00
Other current financial assets
Total of other current financial assets 1,193.00
Total current financial assets 58,101.00
Current tax assets (net)
Other current assets
1 Other current assets 17,683.00
Total of other current assets 17,683.00
Total current assets 1,73,410.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 11,29,246.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 18,022.00
Other equity 8,69,230.00
Total equity attributable to owners of parent 8,87,252.00
Non controlling interest 162.00
Total equity 8,87,414.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 6,110.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Other non-current financial liabilities 65.00
2 Lease Liabilities 4,476.00
Total of other non-current financial liabilities 4,541.00
Total non-current financial liabilities 10,651.00
Provisions, non-current 2,658.00
Deferred tax liabilities (net) 1,10,812.00
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 1,24,121.00
Current liabilities
Current financial liabilities
Borrowings, current 41,345.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,938.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 52,722.00
Total Trade payable 54,660.00
Other current financial liabilities
1 Other current financial liabilities 17,465.00
2 Lease Liabilities 467.00
Total of other current financial liabilities 17,932.00
Total current financial liabilities 1,13,937.00
Other current liabilities 3,354.00
1 Other current liabilities 3,354.00
Total of other current liabilities 3,354.00
Provisions, current 308.00
Current tax liabilities (Net) 112.00
Deferred government grants, Current
Total current liabilities 1,17,711.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 2,41,832.00
Total equity and liabilites 11,29,246.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss (28,563.00) (8,307.00)
Total Amount of items that will not be reclassified to profit and loss (28,563.00) (8,307.00)
2 Income tax relating to items that will not be reclassified to profit or loss (4,032.00) (1,092.00)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (24,531.00) (7,215.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 29,917.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 7,222.00
Adjustments for decrease (increase) in inventories (4,507.00)
Adjustments for decrease (increase) in trade receivables, current 1,647.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (6,464.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current (918.00)
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 6,805.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (623.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 11,317.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 587.00
Adjustments for provisions, non-current 663.00
Adjustments for other financial liabilities, current 2,735.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (7.00)
Adjustments for dividend income 600.00
Adjustments for interest income 992.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 63.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 16,928.00
Net cash flows from (used in) operations 46,845.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 7,835.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 39,010.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 487.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 12,772.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 548.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 600.00
Interest received 1,041.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (12,166.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 5,300.00
Repayments of borrowings 14,901.00
Payments of lease liabilities 928.00
Dividends paid 1,345.00
Interest paid 6,902.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (18,776.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 8,068.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 8,068.00
Cash and cash equivalents cash flow statement at beginning of period 10,121.00
Cash and cash equivalents cash flow statement at end of period 18,189.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s. Lodha & Co LLP Yes 31-03-2027