This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Auditor flags going-concern risk as net worth is fully eroded
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.7 pts less than its Tyres & Rubber Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Half-year net loss was Rs 24.83 lakh and revenue declined year on year. Net worth was fully eroded at negative Rs 235.32 lakh; current liabilities exceeded current assets. The auditor highlighted going-concern uncertainty but did not modify the review conclusion. Management plans to develop Goa land and restart operations. Operating cash flow was negative Rs 15.59 lakh, and cash ended at Rs 2.28 lakh versus Rs 33.82 lakh.
Negative cash flow, a fully eroded net worth and dependence on land development create severe going-concern risk and heavy stock-price pressure.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹0.00 Cr | ₹0.00 Cr | unchanged |
| Operating profit | −₹0.17 Cr | −₹0.13 Cr | loss widened |
| Profit after tax | −₹0.13 Cr | −₹0.09 Cr | loss widened |
| EBITDA margin | — | — | — |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.