Tijaria Polypipes Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
TIJARIA · price
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Tijaria Polypipes reported zero revenue from operations for the third straight period, with only Rs. 3.49 lakh of other income in Q3 FY26 versus Rs. 5.79 lakh a year ago. The company posted a loss before tax of Rs. 32.58 lakh in Q3 and Rs. 98.81 lakh for the nine months, with EPS at negative Rs. 0.35. No production activity took place during the quarter, and both the pipe and textile segments remain shut. The auditor issued a disclaimer of conclusion, citing the company's Bank of India NPA status (Rs. 71.73 crore outstanding), an ongoing NCLT insolvency case (next hearing March 9, 2026), unrecovered receivables of Rs. 25.17 crore, and non-provisioning of interest on NPA loans. Shareholders' equity is deeply negative at Rs. -33.49 crore against accumulated losses of Rs. 120.89 crore, and directors are making payments from personal accounts, flagged as a violation of the Income Tax Act.
The stock is in severe financial distress with zero operations, negative net worth, an active NCLT insolvency proceeding, and a disclaimer of audit conclusion — all of which are serious red flags for shareholders and suggest significant risk to equity value. Investors should treat this as a high-risk, potentially going-concern situation.