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Dossier · KAJAL SYNTHETICS & SILK MILLS · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Classified under Financial Services / Other Financial Services, the entity is described in its FY26 results as "primarily engaged in Finance & Investment activities," with virtually no operating revenue despite a name that suggests textile manufacturing. In FY26, total income was just Rs. 6.90 lakhs (up 25.5% from Rs. 5.50 lakhs in FY25) and was driven entirely by other income — there was no material revenue from operations. Total expenses of Rs. 246.91 lakhs were dominated by finance costs of Rs. 198.70 lakhs, which alone exceeded total income by more than 28 times. The standalone net loss widened to Rs. 240.01 lakhs (vs. Rs. 214.97 lakhs in FY25), and consolidated net loss was Rs. 240.49 lakhs. Borrowings stood at Rs. 2,105 lakhs, equity share capital was Rs. 199.20 lakhs, and net worth was negative at Rs. 791.70 lakhs as of 31 March 2025. Operating cash flow remained negative at Rs. 35.03 lakhs in FY26, and the statutory auditor flagged that one associate (Park Avenue Engineering) had accumulated losses exceeding the purchase cost, so further share of losses was no longer recognised. The company has claimed exemption from several SEBI LODR requirements — including the Annual Secretarial Compliance Report and half-yearly related party transaction disclosure — citing its sub-threshold paid-up capital and net worth. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Finance and investment activities. Non-operating finance and investment entity; loss-making and reliant on debt servicing costs far exceeding income.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY22
FY23
FY24
FY25
FY26
Revenue
1
0
0
0
0
EBITDA (ex other income)
0
(0)
(0)
(0)
(0)
margin %
45.9
(378.4)
(459.6)
(5040.5)
—
Owners' profit
(4)
0
3
0
(2)
EPS, as reported (₹)
(18.65)
(16.96)
(17.09)
(15.40)
(12.07)
ROE % · ROCE %
(13.7) · —
(15.9) · —
(16.5) · —
(15.9) · —
(12.8) · —
Debt / equity (x)
—
—
—
—
—
Cash from operations
19
(3)
(3)
(4)
(0)
Capex
0
0
0
0
0
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · KAJAL SYNTHETICS & SILK MILLS · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Revenue
0
0
0
(0)
0
0
0
0
Profit before tax
(1)
(1)
(1)
(0)
(1)
(1)
(1)
(1)
Net profit
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
EPS (₹)
(3.67)
(4.24)
(3.87)
(3.61)
(2.85)
(3.37)
(2.90)
(2.95)
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
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. %
CRISIL LTD
33,999
38.5
10.39
—
13.7
16.1
—
30.6
ONEMI TECHNOLOGY SOL LTD
5,509
19.5
4.10
9.4
21.0
18.8
—
32.0
GYFTR LIMITED
1,234
—
2.54
37.9
4.5
5.3
32.8
4.3
CENTRUM CAPITAL LIMITED
969
—
0.74
9.7
(21.4)
(2.5)
49.7
29.7
PRIME SECURITIES LIMITED
968
172.9
3.78
—
5.1
—
25.7
19.0
WEALTH FRST PORT. MG. LTD
881
26.7
5.18
16.9
22.5
30.3
—
97.5
REGENCY FINCORP LIMITED
571
52.3
3.56
—
8.4
—
—
84.3
STELLANT SECURITIES (INDIA) LT
529
—
1687.57
—
18.2
18.2
—
56.7
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
ROE
(12.8)
1.3
98 of 111
12%
Profit growth
18.2
(0.2)
50 of 109
55%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · KAJAL SYNTHETICS & SILK MILLS · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
27 Oct 2026 · Board to review half-year and second-quarter results on November 5, 2026
compliance
minimal
—
—
23 Oct 2026 · Board to approve September 2026 unaudited results
results
low
—
—
9 Oct 2026 · Non-applicability of related party disclosure norm
compliance
minimal
—
—
9 Oct 2026 · RTA confirmation certificate for Q2 FY27 filed with BSE
compliance
minimal
—
—
6 Oct 2026 · No interest or dividend payments due in Q2 FY26
compliance
minimal
—
—
29 Sept 2026 · Trading Window closed from Oct 1, 2026 till Q2 results release
compliance
minimal
—
—
26 Sept 2026 · Scrutinizer Report on 38th AGM All Resolutions Passed
board shareholder meetings
low
—
—
26 Sept 2026 · 38th AGM voting results: both resolutions passed with 100% approval
board shareholder meetings
low
—
—
26 Sept 2026 · 38th AGM held on Sept 26, 2026; financials adopted and director re-appointed
board shareholder meetings
medium
—
—
23 Sept 2026 · No interest payment due in Oct-Dec 2026 quarter
compliance
minimal
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
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More audited years; no estimates
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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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
