FY26 audited results with qualified auditor opinion on four counts

Qualified audit opinionNet loss reportedRevenue growth above 20%Results View source PDF Explain this filing

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

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-5.0%Next day

₹12.50

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Nifty Microcap 250market · in no size index; the smallest one is used-0.0%-4.9% vs market

Other Construction Materials peers, median of 15sector+2.1%-7.1% vs sector

By the next day the stock moved 4.9 pts less than Nifty Microcap 250 and 7.1 pts less than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Other Construction Materials peers, median of 15Pending

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

AI summary

Shiva Granito Export reported FY26 revenue of Rs 1,173 lakhs, up about 36 percent from Rs 860 lakhs in FY25. However, it slipped into a loss with net loss of Rs 5.80 lakhs against a profit of Rs 2.48 lakhs in FY25. The auditor issued a qualified opinion with four qualifications, the key one being non-provision of expected credit loss of Rs 7.74 crores on trade receivables. Other issues include no inventory valuation due to missing stock records, no MSME interest provision, and no gratuity provision. These qualifications are repetitive since FY24.

Likely market impact

Qualified opinion flags weak receivables, inventory, and provisioning. Loss despite revenue growth signals thin margins and governance concerns for shareholders.