Refer Enclosed Document
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sunraj Diamond Exports Ltd reported FY2026 standalone revenue of Rs. 233.70 Lakhs, up 26.5% from Rs. 184.74 Lakhs in FY2025. However, net profit declined to Rs. 5.11 Lakhs from Rs. 8.70 Lakhs (down 41%). On consolidated basis, the company posted a net loss of Rs. 2.40 Lakhs versus profit of Rs. 5.98 Lakhs previously. The auditor issued a QUALIFIED opinion because the company failed to make provisions for employee retirement benefits as per IND AS 19 (actuarial valuation not done), and the financial impact could not be ascertained. The company has high borrowings of Rs. 1,468 Lakhs against a consolidated net worth of only Rs. 96 Lakhs.
The qualified audit opinion and failure to comply with accounting standards for employee benefits is a concern. The company is heavily leveraged with borrowings far exceeding net worth, though positive operating cash flow of Rs. 9.14 Lakhs provides some comfort.