Visagar Polytex Limited has submitted to the Exchange, the Audited financial results for the quarter and year ended March 31, 2026.
VIVIDHA · price
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Visagar Polytex Limited reported a net loss for FY2026 with EPS of Rs. (0.06) per share, compared to a loss in the prior year. The company posted a loss before tax of Rs. 161.69 lakhs in FY2026 versus Rs. 178.13 lakhs in FY2025, showing a marginal improvement in operating performance. The balance sheet reveals a critical concern: total equity has turned negative at Rs. (40.72) lakhs, with Reserves & Surplus at Rs. (3,089.53) lakhs, indicating balance sheet insolvency. Borrowings stand at Rs. 629.14 lakhs. Operating cash flow turned positive at Rs. 17.47 lakhs. The statutory auditor Bhatter & Associates issued an unmodified (clean) opinion on the financial statements.
The company is in financial distress with negative equity and accumulated losses. Despite the auditor issuing a clean report, shareholders should be cautious as the company is technically balance-sheet insolvent. The marginally reduced loss and positive operating cash flow are minor positives.