Audited Financial Results for the Quarter and Year ended on 31st March 2026
Awaiting price reaction for this filing.
Arur Footwear Limited (formerly S R Industries) reported total revenue of Rs 9.96 lakh for FY26, a significant increase from Rs 0.84 lakh in FY25, as operations resumed after CIRP rehabilitation. However, the company continues to incur losses with net loss of Rs 58.83 lakh (improved from Rs 86.64 lakh prior year). Operating cash flow remained deeply negative at Rs -89.78 lakh. Borrowings more than doubled to Rs 304.03 lakh from Rs 152.38 lakh. Shareholders' equity turned negative at Rs -818.95 lakh (vs Rs -760.11 lakh), indicating accumulated losses exceed share capital. The company appointed Mr. Mayank Ahuja as Executive Director and Mr. Narender Singh as Internal Auditor, and reconstituted board committees. Statutory auditors issued an unmodified opinion. The company operates in a single segment (manufacturing/trading of footwear).
The company shows operational revival with revenue growth from near-zero base, but continues to burn cash with negative PAT and operating cashflows. The doubling of debt combined with negative equity signals financial stress, though auditor's unmodified opinion provides some comfort.