BSE: 530251
RISA INTERNATIONAL LTD.
Classified within the Trading & Distributors industry, the BSE-listed entity operates two reported business segments — Trading and Real Estate — both of which have recorded zero revenue across recent reporting periods, with FY26 showing only Rs 5 lakhs of revenue from operations. It is loss-making at the bottom line, with the prior year's loss materially larger than the current year. Finance costs are the dominant expense line, well above any revenue the business generates. The balance sheet is stressed: total equity is negative, accumulated losses run into several thousand lakhs, and short-term borrowings have risen sharply year-on-year. Operating cash flow has also turned sharply negative. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading, Real Estate. Small-cap BSE-listed entity with minimal operating revenue, persistent losses and negative equity
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (15) | (9) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | (0) | (0) | (15) | (9) | (1) |
| EPS, as reported (₹) | (0.03) | (0.02) | (0.93) | (0.56) | (0.09) |
| ROE % · ROCE % | (2.0) · (1.8) | (1.6) · (1.4) | (275.8) · (192.4) | 246.9 · 648.4 | 28.5 · 11.1 |
| Debt / equity (x) | 0.03 | 0.06 | 0.29 | (0.57) | (1.99) |
| Cash from operations | (1) | (1) | 0 | 0 | 1 |
| Capex | 0 | 0 | 0 | 0 | 0 |
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 | (0) | (0) | (0) | (9) | (0) | (0) | (0) | (0) |
| Net profit | (0) | (0) | (0) | (9) | (0) | (0) | (1) | (0) |
| EPS (₹) | (0.01) | (0.01) | (0.01) | (0.54) | (0.01) | 0.01 | (0.05) | (0.03) |
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | 31.3 | 2.1 | 7 of 177 | 97% |
| Profit growth | 94.6 | 0.6 | 52 of 157 | 67% |
| Market cap | 7 | 21 | 147 of 179 | 18% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · Compliance filing for Q2 FY2027 share dematerialization certificate | compliance | minimal | — | — |
| 28 Sept 2026 · Trading Window Closure from Oct 1 for Q2 Results | compliance | minimal | — | — |
| 28 Sept 2026 · Outcome of 32nd AGM FY 2025-2026 | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · 32nd AGM: All 3 resolutions passed including WTD reappointment | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Swati Agarwal appointed as Company Secretary | management changes | medium | — | — |
| 1 Sept 2026 · Newspaper publication for 32nd AGM of Risa International Limited | compliance | minimal | — | — |
| 31 Aug 2026 · 32nd Annual Report FY26 - Zero Revenue, Loss Narrows to Rs 145 Lacs | compliance | minimal | — | — |
| 31 Aug 2026 · RISA International - Book Closure for 32nd AGM from Sept 18 to 24, 2026 | board shareholder meetings | low | — | — |
| 31 Aug 2026 · Notice for 32nd AGM scheduled on 24 September 2026 | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Q1 FY27 unaudited results published in newspapers | 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.