Audited Financial Results along with the Auditor''s Report for the quarter and Year ended 31.03.2026
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Midland Polymers Ltd reported a net loss of Rs 14.07 lakhs for FY26 (vs Rs 14.77 lakhs loss in FY25), with Q4 loss of Rs 6.66 lakhs. The loss has narrowed slightly year-on-year. However, the company's balance sheet reveals serious concerns: total equity stands at negative Rs 211.77 lakhs (negative net worth), while total assets are only Rs 41.15 lakhs against current liabilities of Rs 252.92 lakhs. Borrowings stand at Rs 252.57 lakhs. Operating cash flow remained negative at Rs 14.65 lakhs. The company appears to be a trading entity with minimal operations. Statutory auditors issued an unmodified (clean) opinion.
The stock shows a financially distressed company with negative net worth and consistent losses. Despite the clean audit opinion, the negative equity position and ongoing cash burn indicate high risk for shareholders. The company may face going concern issues if losses continue.