Annual Financial Results for the Quarter and Financial Year ended March 31, 2026
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Morgan Ventures reported total income of Rs. 3,065.28 Lakhs for FY2026, down 34% from Rs. 4,670.28 Lakhs in FY2025. Net profit declined sharply to Rs. 414.44 Lakhs from Rs. 2,561.83 Lakhs, representing an 84% drop in profitability. EPS fell to Rs. 4.19 from Rs. 25.88. The auditor's report includes an Emphasis of Matter on a land dispute with MIDC regarding leasehold rights on 76,483 sq.mtrs. in Aurangabad (book value Rs. 20.02 crore), with the matter pending in Bombay High Court. Significant related party loans were disclosed: Rs. 10.04 crore to Morgan Securities and Rs. 20.29 crore to Peacock Chemicals, together exceeding 10% of annual turnover. The company also reported negative operating cash flow of Rs. -2,190.48 Lakhs for the year.
The sharp revenue decline and negative operating cash flow raise concerns about financial health, while the related party transactions and land dispute create additional risk. The high debt-to-equity ratio of 2.09 and growing borrowings (Rs. 19,657 Lakhs) add to the risk profile. Shareholders should monitor the litigation outcome and related party exposures carefully.