audited finanancial results for the year ended on 31.3.2026
Awaiting price reaction for this filing.
Andhra Pradesh Tanneries Ltd reported a net loss of Rs. 14.50 lakhs for FY2026, significantly improved from Rs. 27.29 lakhs loss in FY2025. Total income was only Rs. 1.50 lakhs (down from Rs. 5.52 lakhs). The company's balance sheet is critically distressed with negative net worth of Rs. 1,299.33 lakhs and total borrowings of Rs. 1,500.38 lakhs (including Rs. 1,100.38 lakhs non-current borrowings). The plant is NOT in operation and the company has ceased business operations with no certainty of resuming. The auditors issued an unmodified opinion but included an emphasis of matter paragraph highlighting material uncertainty about the company's ability to continue as a going concern. Cash flow from operations was negative at Rs. 14.90 lakhs.
This is a high-risk investment with extreme financial distress — negative equity, no operational revenue, ongoing losses, and auditors explicitly flagging going concern doubts. The stock carries extreme credit risk and shareholders face potential total loss of investment.