NSE: NEUEON · BSE: 532887
NEUEON CORPORATION LTD
Supplies tactical communication equipment and solutions to domestic customers under a procurement partnership with Elcom Innovations that covers raw material supply. Deliveries from this partnership are spread over 12 months, to be completed by July 2027. FY26 revenue stood at Rs 15.97 crore against total assets of Rs 266.24 crore, with capex at 0% of revenue. The FY26 cost structure shows other operating expenses at 1246.7% of revenue and depreciation at 376.8% of revenue, while materials and employee costs came in at 3.4% and 4.4% of revenue respectively. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Tactical communication equipment and solutions. Tactical communications equipment and solutions supplier with high fixed cost base relative to revenue
Exhibit 1: Financial summary, FY19–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY19 | FY20 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 42 | 3 | 0 | 5 | 16 |
| EBITDA (ex other income) | (428) | (105) | (1) | (2) | (266) |
| margin % | (1022.2) | (3573.8) | (1281.1) | (38.3) | (1666.1) |
| Owners' profit | 0 | (222) | (94) | (91) | 0 |
| EPS, as reported (₹) | 0.00 | (78.62) | (16.57) | (16.05) | 5.77 |
| ROE % · ROCE % | 66.8 · 89.5 | 19.9 · 25.4 | 6.5 · 8.2 | (9.6) · (8.2) | (148.1) · (148.1) |
| Debt / equity (x) | (1.44) | (1.17) | (0.91) | 0.06 | 0.19 |
| Cash from operations | — | — | (21) | (1,227) | (38) |
| Capex | — | — | 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 | 0 | 0 | 5 | 4 | 4 | 1 | 6 | 0 |
| Profit before tax | (24) | (24) | (43) | (22) | (89) | (9) | (206) | (1) |
| Net profit | (24) | (24) | (43) | (22) | (89) | (9) | (206) | (1) |
| EPS (₹) | (4.24) | (4.24) | (7.61) | (3.91) | (15.75) | (0.16) | 36.50 | (0.02) |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 6 Oct 2026 · Routine filing: SEBI Reg 74(5) certificate for Q2 FY27 | compliance | minimal | — | — |
| 6 Oct 2026 · Compliance certificate for SDD under PIT rules for Sep 2026 quarter | compliance | minimal | — | — |
| 30 Sept 2026 · Neueon Corporation gets Rs 25 crore work order for campus renovation | business updates | medium | — | — |
| 30 Sept 2026 · Newspaper ad for postal ballot notice filed with BSE and NSE | compliance | minimal | — | — |
| 29 Sept 2026 · Postal Ballot: 300 crore capital raise, related party deals, AoA changes | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading window closure from Oct 1 for Q2 results | compliance | minimal | — | — |
| 23 Sept 2026 · Board approves Rs 300 crore fund raise plan, seeks shareholder nod via postal ballot | fund raising | high | — | — |
| 23 Sept 2026 · Board approves proposal to raise up to Rs 300 crore; AOA amendment and postal ballot | fund raising | high | — | — |
| 18 Sept 2026 · Board meeting on Sep 23 to consider fund raising plans | fund raising | high | — | — |
| 9 Sept 2026 · Withdrawal of Rights Issue proposal of up to Rs 150.79 Crores | corporate actions | 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.