The Board of Directors in their meeting held on Thursday, 28th May, 2026 has considered and approved the Audited Standalone Financial Results of the Company for the quarter and year ended ....
SELMC · price
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SEL Manufacturing Company Ltd reported severely deteriorating financials for FY2025-26. Total income dropped to Rs. 1,564.65 lakhs from Rs. 3,324.75 lakhs in the previous year, representing a revenue decline of approximately 53%. The company posted a massive net loss of Rs. 16,787.23 lakhs compared to a loss of Rs. 13,071.99 lakhs in FY2024-25, with loss per share at Rs. -50.66. The auditor issued a Qualified Opinion citing failure to conduct impairment testing for Property, Plant & Equipment and Capital Work in Progress under Ind AS 36, with unquantifiable impact on the financial statements. The company has incurred cumulative losses of Rs. 80,878 lakhs over five years since the resolution plan implementation. Plants remained largely non-operational, and the company has defaulted on quarterly installments of Rs. 30,872 lakhs and unpaid interest of Rs. 19,343 lakhs. The auditor raised a material uncertainty regarding the company's ability to continue as a going concern.
The stock faces extreme risk as the company is in severe financial distress with negative net worth of Rs. 39,957.98 lakhs, a current ratio of just 0.02:1, and has passed a resolution to initiate another Corporate Insolvency Resolution Process under IBC. Shareholders face significant potential dilution or total loss of investment value.