NSE: CEREBRAINT · BSE: 532413
CEREBRA INT TECH LTD
Trades refurbished computer hardware and accessories, and runs an e-waste powdering and refining operation. In the latest disclosed segment period, refurbished hardware trading made up 70.9% of segment revenue with a 31.3% segment EBIT margin, while e-waste powdering and refining contributed 29.1% with a -0.1% segment EBIT margin. FY26 revenue collapsed to Rs. 5.95 crore from Rs. 35.62 crore, with a net loss of Rs. 71.64 crore. Materials cost 53.1% of revenue and employees 21.8%, while other operating expenses were at 1176.3% of revenue. Recent filings indicate refurbishment operations have ceased, and the board has approved initiation of Corporate Insolvency Resolution Process under Section 10 of the IBC over a Rs. 27.68 crore default to Canara Bank, with total outstanding debt of approximately Rs. 90 crore. Trade receivables stood at Rs. 143.07 crore (Rs. 142.99 crore over one year overdue) and Rs. 100.28 crore was recoverable from an overseas party overdue 2+ years. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Hardware including trading of refurbished computer accessories (71%), Ewaste Powdering and Refining Division (29%). Asset-light refurbished hardware trading and e-waste recycling in severe financial distress with insolvency proceedings initiated
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 231 | 86 | 52 | 36 | 6 |
| EBITDA (ex other income) | 42 | 10 | (51) | (50) | (78) |
| margin % | 18.3 | 11.1 | (97.3) | (140.2) | (1315.1) |
| Owners' profit | 28 | 3 | (48) | 0 | (72) |
| EPS, as reported (₹) | (0.32) | 2.45 | (4.32) | (4.22) | (6.40) |
| ROE % · ROCE % | 10.7 · 18.2 | 1.0 · 3.7 | (23.0) · (23.6) | (29.0) · (24.8) | (78.7) · (86.4) |
| Debt / equity (x) | 0.13 | 0.16 | 0.19 | 0.25 | 0.48 |
| Cash from operations | (24) | (2) | 2 | 4 | 4 |
| Capex | 0 | (0) | (0) | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 11 | 3 | 2 | 2 | 1 | 1 | 0 |
| Profit before tax | (21) | (18) | (7) | (16) | (13) | (23) | (35) | (8) |
| Net profit | (21) | (8) | (8) | (14) | (10) | (17) | (31) | (6) |
| EPS (₹) | (1.84) | (0.74) | (0.69) | (1.26) | (0.86) | (1.50) | (2.78) | (0.58) |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · 32nd AGM notice: Cerebra filed for insolvency, losses widen to INR 71.6 cr | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Cerebra AGM notice; firm files insolvency, loss Rs 71.6 Cr | board shareholder meetings | medium | — | — |
| 1 Sept 2026 · NSE seeks clarification from Cerebra on June 2026 quarter results | regulatory legal | high | — | — |
| 13 Aug 2026 · Q1 FY27 results: auditor disclaims opinion; company filed for insolvency at NCLT | results | high | — | — |
| 13 Aug 2026 · Q1 FY27: massive loss, auditor flags going concern doubt, insolvency filing at NCLT | results | high | — | — |
| 6 Aug 2026 · Board meeting on Aug 13 to consider Q1 FY27 results | results | low | — | — |
| 6 Aug 2026 · Board meeting on 13 Aug 2026 to consider Q1 FY27 results | results | low | — | — |
| 17 Jul 2026 · Routine quarterly compliance certificate submitted to exchanges | compliance | minimal | — | — |
| 24 Jun 2026 · Trading window closed from July 1 ahead of Q1 FY27 results | compliance | minimal | — | — |
| 24 Jun 2026 · Trading window closed from July 1, 2026 till Q1 results declaration | compliance | minimal | — | — |
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.