In Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that the Board of Directors of M/s Aayush ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aayush Art and Bullion Limited reported strong top-line and bottom-line growth for FY26. Revenue from operations surged to Rs 21,635.17 lakh from Rs 7,373 lakh in FY25 — a near 3x increase driven by the bullion/trading business. PAT grew to Rs 789.17 lakh from Rs 180.67 lakh, up over 337%. The auditor issued an unmodified (clean) opinion. However, the balance sheet reveals a critical concern: trade receivables nearly tripled to Rs 9,299.77 lakh, significantly outpacing revenue growth, raising questions about the quality of earnings. Operating cash flow turned deeply negative at Rs 7.04 lakh (improved from Rs -4,042.50 lakh in the prior year, largely due to a large payables increase). The company assigned loans and advances worth Rs 9.18 crore at a loss of Rs 92 lakh during the year. EBITDA margin remained flat at ~5% vs ~5.2% prior year.
The company shows strong reported profitability, but the sharp rise in receivables and negative operating cash flow raise red flags about cash conversion of profits. Shareholders should monitor collection efficiency and working capital management closely.