Annual Report for F.Y. 2024-25 and details of 60th Annual General Meeting
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Organic Coatings Limited, a Mumbai-based printing inks manufacturer (BSE Code: 531157), has filed its 60th Annual Report for FY 2024-25 and notice for the 60th AGM to be held on Tuesday, September 30, 2025 at 3:00 PM via Video Conferencing. Revenue from operations rose 7.83% to Rs. 2,900.45 Lacs from Rs. 2,689.91 Lacs in FY24. However, the company swung to a pre-tax loss of Rs. 210.23 Lacs versus Rs. 47.35 Lacs loss in FY24, with total comprehensive loss widening to Rs. 215.51 Lacs. PBDIT collapsed by 104% to negative Rs. 8.43 Lacs, driven by elevated finance costs of Rs. 115.56 Lacs and depreciation of Rs. 86.25 Lacs. No dividend has been recommended due to losses, and reserves remain deeply negative at Rs. (668.24) Lacs, though net worth recovered to Rs. 142.31 Lacs.
Losses have deepened sharply despite modest revenue growth, signalling continued profitability challenges and persistent pressure on margins. Shareholders face another year without dividends, and while equity infusion seems to have restored positive net worth, the negative reserves highlight structural concerns that could weigh on stock sentiment.