BSE: 543453
ALKOSIGN LIMITED
Makes boards and benches from a registered office in Bhiwandi, Thane, with this segment serving as the core business and generating Rs 199.81 lakhs of profit in FY26. Until 2 February 2026, the company also ran a polycarbonate luggage unit, which had contributed 42.78% of consolidated turnover in FY25 but was shut down after sustained losses caused by competition from low-cost polypropylene luggage and OEMs setting up their own facilities. The discontinued Luggage Division racked up a loss of Rs 602.12 lakhs in FY26, dragging the company to a net loss of Rs 475.93 lakhs for the year on revenue from operations of Rs 2,669.82 lakhs, down from Rs 2,938.58 lakhs in FY25. Materials are the dominant input at 66.8% of revenue, with employee costs at 9.1% and other operating expenses at 18.5%, leaving a heavy cost-of-goods structure. The business is listed on the BSE SME platform under Scrip Code 543453 and is now effectively a single-segment stationery manufacturer following the recent restructuring. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Board Division, Luggage Division (discontinued) (43%). Small-cap stationery/household-products manufacturer, recently restructured to a single core segment after closing a loss-making luggage unit
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 52 | 27 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 5.24 | 4.87 |
| ROE % · ROCE % | — · 15.1 | — · 6.5 |
| Debt / equity (x) | — | — |
| Cash from operations | 1 | 2 |
| Capex | (2) | (2) |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 28 | 24 | 26 | 11 |
| Profit before tax | 3 | 1 | 0 | (0) |
| Net profit | — | — | — | — |
| EPS (₹) | 4.60 | 0.63 | 0.45 | 5.32 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DOMS INDUSTRIES LIMITED | 11,233 | 51.7 | 8.63 | 26.8 | 18.4 | 22.7 | — | 12.9 |
| NAVNEET EDUCATION LTD | 2,772 | 7.4 | 132.06 | 501.2 | 17.6 | 20.2 | (54.0) | 27.5 |
| FLAIR WRITING INDUST LTD | 2,462 | 17.6 | 2.15 | 10.1 | 12.4 | 15.4 | — | 17.1 |
| KOKUYO CAMLIN LIMITED | 713 | — | 2.87 | 16.8 | 6.1 | 8.0 | — | — |
| LINC LIMITED | 555 | 17.6 | 2.14 | 8.1 | 12.7 | 17.4 | — | 9.0 |
| ALKOSIGN LIMITED ◆ | 69 | 5.8 | — | — | — | 4.9 | — | — |
| KSHITIJ POLYLINE LIMITED | 53 | 14.1 | 0.85 | 8.8 | 6.1 | 6.1 | — | 12.4 |
| SUNDARAM MULTI PAP LTD | 49 | — | 0.52 | 5.1 | (0.1) | (0.1) | — | 21.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 5.8 | 15.8 | 1 of 6 | 100% |
| ROCE | 4.9 | 8.0 | 7 of 9 | 25% |
| Market cap | 69 | 555 | 6 of 9 | 38% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Routine Compliance: No Physical Share Certificates for Dematerialization in Q2 FY27 | compliance | minimal | — | — |
| 1 Oct 2026 · AGM Results: All 9 Resolutions Passed at Alkosign Limited | board shareholder meetings | medium | — | — |
| 29 Sept 2026 · Closure of Trading Window Ahead of H2 Results | compliance | minimal | — | — |
| 29 Sept 2026 · Alkosign 6th AGM: accounts adopted, directors re-appointed | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Notice of 6th AGM on 29 Sept 2026 with director reappointments and related party transactions | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Alkosign FY26 Annual Report and 6th AGM Notice on Sep 29, 2026 | results | medium | — | — |
| 4 Sept 2026 · ALKOSIGN board approves director reappointments and annual meeting plans | board shareholder meetings | low | — | — |
| 11 Jul 2026 · Compliance certificate for share dematerialization filed with BSE | compliance | minimal | — | — |
| 29 May 2026 · Audited Standalone and Consolidated Financial Result of the Company for year ended March 31, 2026 | results | high | — | — |
| 29 May 2026 · Approval Of Audited Standalone and Consolidated Financial Result Of The Company For The Year Ended March 31, 2026 | results | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.