Integrated filing for the quarter ended on 31st March,2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pratiksha Chemicals has submitted its audited financial results for FY25. The company has completely shut down its manufacturing operations during the year - machinery and building structures were dismantled and sold as scrap, and a board resolution has been passed to sell the factory land. The company now plans to continue only as a small trading business for plastic-related items. Total income from continuing operations was about ₹610.82 lakhs, but the company reported a net loss of ₹766.47 lakhs for the year. Net worth has turned deeply negative at minus ₹403.42 lakhs, with total liabilities of ₹738.47 lakhs against total assets of ₹335.04 lakhs. Operating cash flow was also negative at minus ₹30.07 lakhs. The statutory auditor has issued a qualified opinion, flagging non-compliance with Ind AS on employee benefits and inventory valuation, and has raised a material uncertainty about the company's ability to continue as a going concern given the absence of a viable business plan.
This is a deeply negative filing for shareholders. The company has effectively wound down its manufacturing business, is reporting large losses, has negative net worth, and the auditor itself has flagged going concern uncertainty. Existing shareholders are likely to face significant risk of value erosion, and the stock is unlikely to find investor support until a credible business plan emerges.