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Shlokka Dyes Ltd reported audited standalone financial results for FY2026 with revenue declining 21% to ₹8,194.13 Lakhs from ₹10,342.62 Lakhs in FY2025. Profit after tax fell significantly by 51% to ₹495.96 Lakhs from ₹1,004.20 Lakhs, while EPS dropped to ₹2.32 from ₹6.67. The auditors issued an unmodified (clean) opinion but included an Emphasis of Matter note regarding material deviations in IPO fund utilization—₹1,256.83 Lakhs was used in excess towards working capital beyond the prospectus allocation, and ₹55.75 Lakhs was spent on unspecified vendor/civil work expenses without shareholder approval. The company raised ₹5,316.38 Lakhs via IPO (included in share capital). Operating cash flow turned sharply negative at ₹-4,666.94 Lakhs versus positive ₹468.65 Lakhs in FY2025, driven by large increases in receivables and other assets.
The sharp revenue and profit decline, combined with negative operating cash flow and IPO fund utilization irregularities, signals significant financial stress and potential regulatory non-compliance. Investors should be cautious as these issues may attract scrutiny from stock exchanges or SEBI.