Financial results - 31st March, 2026
Price
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Binny Mills Ltd reported revenue from operations of Rs 8.56 crore for FY2026, up from Rs 6.32 crore in the previous year. Despite higher revenue, the company reported a net loss of Rs 11.27 crore, though this improved from the prior year's loss of Rs 12.71 crore. The balance sheet shows severe erosion of net worth with negative other equity of Rs 231.17 crore. The auditors noted emphasis of matter items including a loan of Rs 9.73 crore to parent Binny Limited (with no repayment schedule, fully provided for), pending litigation for rent and damages of Rs 28.05 lakh, and an additional labour court award of Rs 36.52 lakh. The company is a resulting company from the demerger of erstwhile Binny Limited.
The stock remains under pressure due to continued losses and severely negative net worth. Shareholders face significant risk as accumulated losses far exceed share capital. The company relies on parent company support for loan recovery.