Financial Results for the fourth quarter and year ended 31st March, 2026 alongwith Independent Auditors'' Report and Statement of Deviation and Variation is enclosed.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Steelco Gujarat reported revenue from operations of Rs 5,852.92 lakhs for FY26, up significantly from Rs 4,177.30 lakhs in FY25 (approx 40% growth). However, the company incurred a net loss of Rs 3,727.19 lakhs, nearly doubling from Rs 2,053.78 lakhs loss in the previous year. The EPS stood at Rs (75.16) per share. Net worth has turned negative at Rs (7,797.02) crore, indicating complete erosion of shareholder equity. The company raised Rs 140 crore through NCD issuance and has proposed a Rights Issue of up to Rs 1,489.66 lakhs. Operating cash flow was severely negative at Rs (9,987.80) lakhs. The auditor issued an unmodified (clean) opinion despite the company's distressed financial position.
The stock faces extreme risk as the company has negative net worth, mounting losses, negative operating cash flow, and a debt-to-equity ratio of 83.47. While the rights issue may provide some liquidity relief, the fundamental financial position remains critically weak with no near-term path to profitability visible.