Submission of Results
Awaiting price reaction for this filing.
Ramasigns Industries reported FY25 revenue of ₹250.68 crores, a sharp decline of about 76% from ₹1,033.65 crores in FY24. The company posted a net loss of ₹37.59 crores, narrower than the ₹51.88 crore loss last year. Q4 FY25 saw revenue of just ₹27.04 crores against ₹274.20 crores in Q4 FY24, with a quarterly loss of ₹9.18 crores. The balance sheet shows negative other equity of ₹54.74 crores, indicating eroded net worth, while long-term borrowings stand at ₹63.49 crores and cash is just ₹5.20 lakhs. The statutory auditor (R Mehta & Associates) issued a qualified opinion due to inability to confirm debtor and creditor balances, a sealed Bhiwandi inventory that couldn't be physically verified, and absence of a proper fixed asset register. The auditor also flagged non-payment of statutory dues (Income Tax ₹28.59L, GST ₹71.97L, PF ₹4.09L) and possible non-compliance with deposit rules.
Shareholders should note severe revenue collapse, persistent losses, a qualified audit report (not the unmodified opinion the company initially declared), negative net worth, and a very high debt-to-equity ratio of 8.80 — all raising serious going-concern and solvency concerns. This filing is a significant negative signal for the stock.