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BSEOlympic Oil Industries Ltd· Agricultural Food & other ProductsHighNeutral
Announced Fri, 30 May, 2025 · 18:56 IST

Please find attached financial results along with audit report and statement of impact of audit qualifications.

Going-concern doubtQualified audit opinionNet loss reportedRelated-party transactionsContingent liabilities increasedNegative operating cash flowResults View source PDFExplain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+4.1%Reaction day
₹42.79
prior close
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announcement price
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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+4.0% vs market
Other Agricultural Products peers, median of 53sector-0.3%+4.4% vs sector

On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 4.4 pts more than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Olympic Oil Industries has reported audited results for FY25 showing zero revenue from operations, with only Rs 0.63 lakh of other income (down from Rs 1.08 lakh in FY24). The company posted a loss before tax of Rs 24.94 lakh in FY25, slightly narrower than the Rs 46.28 lakh loss in FY24, but the auditor has issued a qualified opinion flagging massive issues. Bank borrowings of Rs 68.75 crore are classified as Non-Performing Assets (NPA) with about Rs 69.73 crore of unpaid interest not provisioned. Trade receivables of Rs 316.52 crore and unsecured loans to related parties of Rs 38.47 crore are considered doubtful and unconfirmed. The company's networth is fully eroded at negative Rs 22.79 crore (against equity capital of Rs 2.85 crore), and the auditor has highlighted a material going concern uncertainty as there have been no business operations during the year.

Likely market impact

Shareholders face a deeply distressed company with negative networth, NPA-tagged bank loans, regulatory investigations by SFIO and CBI, and a qualified audit opinion pointing to substantial hidden losses. The stock is effectively a non-operating shell with serious solvency and governance concerns, making it a very high-risk holding with limited near-term recovery prospects.