RESTILE CERAMICS LTD.

Makes and sells ceramic tiles under brands including Granamite, Mirrorstone, PearlRock, MarboGranit, Impacta and Gripmax. FY26 revenue was Rs 562.91 lakhs, up from Rs 143 lakhs the prior year, though the company remained marginally loss-making at Rs 5.64 lakhs. The auditor flagged material uncertainty about going-concern status citing negative operating cash flows, sustained operating losses and asset value erosion, with other equity deeply negative at Rs (12,995.04) lakhs from accumulated prior losses and net worth at Rs (3,172.46) lakhs against borrowings of Rs 3,687.45 lakhs. Management has cited proposed operational restructuring and a pending merger with another company as the response to these concerns. The FY26 cost base was dominated by depreciation at 6.8% of revenue and employee costs at 6.3%, with raw materials at just 0.7% of revenue and capex at 0%. Q1 FY27 revenue reached Rs 166.77 lakhs versus Rs 75.30 lakhs a year ago, but the net loss widened to Rs 16.10 lakhs.