NK Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
NKIND · price
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NK Industries reported FY2026 standalone revenue of Rs 288.47 lakhs (down 5.3% YoY) with net loss of Rs 273.90 lakhs. Consolidated revenue fell 22.8% to Rs 1,296.96 lakhs with net loss of Rs 358.86 lakhs. The auditors issued a QUALIFIED OPINION citing unresolved NSEL transactions from FY2012-13 (with alleged claims of ~Rs 937 crores), ongoing PMLA proceedings by Enforcement Directorate, and MPID Act charges by Maharashtra government. The company also faces Income Tax and Sales Tax demands totaling ~Rs 3,400+ lakhs shown as contingent liabilities. Auditors flagged material uncertainty about going concern—accumulated losses stand at Rs 35,492.13 lakhs with negative net worth—though management claims revival plans. New internal auditor (Ashok P Patel & Co) appointed for FY2026-27.
High-risk stock with qualified audit opinion, regulatory probes, negative net worth, and declining revenues. Shareholders face significant uncertainty given ongoing criminal/regulatory proceedings and contingent liabilities exceeding Rs 3,400 lakhs.