Outcome of Board Meeting_Audited Financial Results_31.03.2026

Revenue Growth 20pctNegative Operating CashflowResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-4.6%Reaction day

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-4.0% vs market

Trading & Distributors peers, median of 127sector+0.0%-4.6% vs sector

On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 4.6 pts less than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Ashnisha Industries reported standalone revenue of Rs. 843.86 Lakh for FY26, up 198% from Rs. 283.16 Lakh in FY25, driven by steel trading growth. Standalone PAT grew 28% to Rs. 15.66 Lakh vs Rs. 12.23 Lakh. Consolidated revenue was Rs. 1,284.86 Lakh (vs Rs. 483.15 Lakh). Despite profit growth, the company posted deeply negative operating cash flow of Rs. -3,548 Lakh (standalone) and Rs. -4,273 Lakh (consolidated), primarily due to large increases in trade receivables (Rs. 474.52 Lakh), short-term loans (Rs. 1,074.30 Lakh), and other current assets (Rs. 2,098.07 Lakh). The company completed a Rs. 4,923.75 Lakh rights issue in November 2025, increasing paid-up capital to Rs. 2,651.25 Lakh. Auditors issued an unmodified opinion with no qualifications.

Likely market impact

Revenue surged nearly 3x year-on-year, but the massive cash burn from working capital expansion raises concerns about cash conversion quality. The rights issue provides a cash buffer, but sustained negative operating cash flow warrants monitoring.