Tijaria Polypipes Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
TIJARIA · price
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Tijaria Polypipes reported zero revenue from operations for Q1 FY26, with only Rs 2.14 lacs of other income versus Rs 13.37 lacs in the same quarter last year. The company posted a net loss of Rs 26.62 lacs (EPS of -Rs 0.09), narrower than the Rs 61.61 lacs loss a year ago but still deep in the red. The full-year FY25 loss stood at Rs 543.01 lacs and retained earnings are a negative Rs 12,016.51 lacs, leaving total equity at negative Rs 3,276.86 lacs. The auditor issued a Disclaimer of Opinion, flagging that Bank of India declared the company an NPA on Rs 71.73 crores of dues, promoter shares were forfeited, no production took place, and trade receivables of Rs 2,552 lacs lack confirmation. The company is pursuing a One-Time Settlement (OTS) with the bank, funded partly by a Rs 5 crore loan from directors.
This is a deeply distressed micro-cap with negative net worth, an NPA-tagged bank account, no operating revenue, and a disclaimer of opinion from auditors — signals serious going-concern risk for shareholders, with stock price likely to remain under pressure until the OTS with Bank of India is resolved and operations restart.