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Awaiting price reaction for this filing.
Deccan Polypacks has shut down its manufacturing operations, sold off its land, buildings and factory, and has no active business left. Total income for FY25 was Rs. 111.97 lakhs, but this came entirely from writing back old liabilities — not from any operating activity. The company swung from a Rs. 4.58 lakh loss last year to a Rs. 90.52 lakh profit, purely due to this one-time accounting entry. Earnings per share was Rs. 4.28 vs a loss of Rs. 0.22 previously. Total assets stand at just Rs. 14.41 lakhs, and the company survived on Rs. 1.33 crore of loans treated as equity from directors and related corporates. Cash from operations was negative at Rs. -21.44 lakhs, with closing cash of Rs. 11 lakhs.
This is essentially a non-operating shell company. The 'profit' is misleading — it reflects accounting cleanup, not business performance. There is no clarity on the company's future direction, and shareholders should treat this stock as extremely high risk with very low liquidity.