Financial Results for year ended 31/03/2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.8 pts less than Nifty Microcap 250 and 2.1 pts less than its Plywood Boards/ Laminates peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ecoboard Industries reported deeply negative results for FY25, with revenue from operations plunging to Rs 1,271.78 lakh from Rs 2,975.59 lakh in FY24 — a sharp ~57% decline. The company swung to a much wider loss after tax of Rs (3,828.22) lakh versus Rs (726.52) lakh in the prior year, translating into a basic EPS of Rs (10.25). The loss includes exceptional items of Rs 855.79 lakh, primarily from selling off remaining finished goods and work-in-progress stock of its old 13.5'x6' particle board line at discounted prices as the company transitions to new 8'x4' and 9'x6' production lines (expected to commission from June 2025). Other equity has turned sharply negative at Rs (2,288.37) lakh, pushing total equity into the red at Rs (505.17) lakh. Operating cash flow was also negative at Rs (122.25) lakh. On the positive side, the company raised funds through preferential allotment of warrants and equity shares worth Rs ~3,324 lakh, and received an interest-free inter-corporate deposit of Rs 774.85 lakh from an associate.
Shareholders should be concerned — revenue has more than halved, losses have multiplied roughly 5x, equity is now negative, and the company is relying on related-party funding and equity dilution to stay afloat. The auditor issued an unmodified opinion but flagged large pending tax demands (over Rs 18 crore) as an Emphasis of Matter, which remains a significant contingent risk if appeals go against the company.