Annual Report of Dekson Castings Limited for FY 2024-25
Awaiting price reaction for this filing.
Dekson Castings, an aluminium castings maker based in Aurangabad, filed its FY25 Annual Report showing revenue of Rs. 3,611.42 lakhs, up about 13% from Rs. 3,200.03 lakhs last year. Despite the top-line growth, the company posted a loss after tax of Rs. 330.53 lakhs, marginally better than the Rs. 342.22 lakhs loss in FY24, marking the third straight year of losses. The auditors flagged going concern concerns, noting that accumulated losses have wiped out shareholder funds and net worth is now negative, though management plans to convert promoter unsecured loans into equity to address this. The stock is currently suspended on BSE's SME ITP platform, and the 20th AGM is set for September 30, 2025.
Negative for shareholders — three years of continuous losses have eroded net worth, the stock is suspended from trading, and no dividend has been declared. However, management's debt restructuring with Saraswat Bank (24-month moratorium), promoter loan-to-equity conversion plan, and new product initiatives (alloy wheel via centrifugal casting, powder coating) provide some path to recovery if executed.