OLYMPIC CARDS LTD.

Manufactures wedding cards, greeting cards, stationery and printing materials from a base in Chennai. FY26 total income from operations came in at Rs 1,276.42 lakhs (per audited results), up 32.5% from Rs 963.27 lakhs in FY25, though the year closed with a net loss of Rs 25.94 lakhs against a Rs 439.06 lakhs loss a year earlier. The cost structure is dominated by other operating expenses (22.3% of revenue) and employee costs (11.9%), with materials at 7.4% and depreciation at 9.2%, leaving an EBITDA margin of 1.0091% and capex of 0.5% of revenue. Operations are narrowly focused on paper-based celebratory and stationery products, with no disclosed manufacturing capacity, unit volume or retail footprint. The business carries stressed financial markers: total financial indebtedness of Rs 8.74 crore as on 31 March 2026, including a defaulted HDFC Bank term loan (original facility Rs 15.5 crore, 120-month tenure at 11.05%), negative reserves of Rs 1,525.51 lakh, and pending GST dues for FY18-19 of Rs 2.92 crore under appeal.