शुभ दीपावलीDiwali offer: 3 months free on yearly plans · ends 11 NovSee plans
BSENicco Uco Alliance Credit LtdHighNeutral
Announced Thu, 8 May, 2025 · 20:00 IST

INTEGRATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2025

Going ConcernQualified OpinionRevenue DeclinePat NegativeDebt Equity ThresholdNegative Operating CashflowResults View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

Nicco Uco Alliance Credit Ltd, a Kolkata-based NBFC whose licence was cancelled by RBI in 2005 (appeal pending), reported zero revenue from operations for FY25 and a net loss of Rs 1,383.18 lakhs, wider than Rs 1,150.39 lakhs in FY24. Total income fell to Rs 18.71 lakhs from Rs 65.81 lakhs. The company has a deeply negative net worth of Rs 67,116.50 lakhs against total assets of just Rs 496.16 lakhs. The auditor (Basu Chanchani & Deb) issued a qualified opinion, flagging NBFC licence cancellation, non-confirmation of bank balances (NPAs), non-provision of interest of Rs 2,044 crores on bank dues since April 2015, and pending SFIO proceedings. Operating cash flow turned negative at Rs -76 lakhs versus Rs +57 lakhs last year.

Likely market impact

This is a deeply distressed company with negative net worth, no operating revenue, ongoing NBFC licence dispute, and qualified audit opinion — extremely high risk for shareholders with no clear path to recovery. Stock is likely illiquid and speculative; existing shareholders face severe dilution or wipeout risk if one-time settlement with lenders fails.