Financial results for the year ended 31.03.2026
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Deccan Polypacks Limited reported a net loss of Rs 35.81 lakhs for FY2026, a sharp decline from a profit of Rs 90.52 lakhs in FY2025. The company's equity has turned significantly negative at Rs 1,364.16 lakhs compared to positive equity of Rs 5.52 lakhs last year, indicating severe erosion of net worth. Long-term borrowings surged to Rs 1,367.87 lakhs from just Rs 8 lakhs. The auditors issued an unmodified opinion but included an Emphasis of Matter highlighting that financial statements were prepared on a realizable value basis (not going concern basis) and noted absence of balance confirmations. Operating cash flow remained negative at Rs 35.52 lakhs.
The company is in serious financial distress with negative net worth and mounting losses. Shareholders face extreme risk as the balance sheet shows assets of only Rs 4.88 lakhs against liabilities exceeding Rs 1,369 lakhs. The auditor's going concern comments raise significant doubts about the company's ability to continue operations.