Shivam Autotech Limited has informed the Exchange regarding Board meeting held on May 12, 2025.
SHIVAMAUTO · price
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The board approved audited financial results for Q4 and FY ended March 31, 2025. Full-year revenue from operations fell about 3% to Rs. 45,398 lakhs, while net loss narrowed slightly to Rs. 4,804 lakhs from Rs. 5,019 lakhs a year ago (loss per share Rs. 3.89 vs Rs. 4.11). Q4 was weaker, with revenue down nearly 13% year-on-year to Rs. 10,784 lakhs and a net loss of Rs. 1,476 lakhs versus Rs. 782 lakhs in Q4 FY24. The company also re-appointed JHS & Associates LLP as Internal Auditors and Yogesh K & Associates as Secretarial Auditors for FY26. Statutory auditor NSBP & Co. issued an unmodified opinion, though it flagged judgments around deferred tax assets (Rs. 1,989 lakhs) and MAT credit (Rs. 881 lakhs), and noted variances between physical and book stock. Cash from operations improved sharply to Rs. 7,739 lakhs, but cash balance at year-end was only Rs. 22 lakhs and total equity shrank to Rs. 3,148 lakhs as borrowings stayed heavy.
Continued losses, a weak Q4 and depleting equity are negative for shareholders, though lower debt, better operating cash flow and an unmodified audit opinion offer some comfort. Watch for any signs of further equity erosion given the very low cash balance and ongoing interest burden.