NSE: SEYAIND · BSE: 524324
SEYA INDUSTRIES LIMITED
Manufactures specialty chemical intermediates, with its registered office in Tarapur, Maharashtra. Operations have been suspended, with the company under Corporate Insolvency Resolution Process since November 2, 2023, and powers of the Board of Directors vested in an Interim Resolution Professional. Revenue from operations was nil in FY26 and nil in FY25, down from ₹805.84 lakhs in FY24, with no manufacturing activity reported in the recent periods. Total income of Rs 1,664.75 lakhs in FY26 was derived entirely from other income. The net loss stood at Rs 287.41 lakhs in FY26, narrowed from a Rs 630.69 lakhs loss in FY25, with total debt of approximately Rs 7,730 lakhs against equity of Rs 8,184 lakhs. SEBI passed a final order on May 2, 2025 against four of the company's officials for alleged violations of fraudulent trade practices and listing regulations. The only business segment reported is Speciality Chemical Intermediates. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Speciality Chemical Intermediates. Specialty chemicals manufacturer whose operations are currently suspended under insolvency.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 66 | 37 | 8 | 0 | 0 |
| EBITDA (ex other income) | 3 | (17) | 4 | (5) | (3) |
| margin % | 4.6 | (46.3) | 46.4 | — | — |
| Owners' profit | (6) | (25) | (3) | (6) | (3) |
| EPS, as reported (₹) | (2.36) | (9.29) | (1.31) | (2.37) | (1.08) |
| ROE % · ROCE % | (0.7) · (0.5) | (3.0) · (1.7) | (0.4) · (0.3) | (0.8) · (0.5) | (0.4) · (0.3) |
| Debt / equity (x) | 0.90 | 0.93 | 0.93 | 0.94 | 0.94 |
| Cash from operations | 12 | 1 | (10) | (17) | (17) |
| Capex | (1) | (0) | 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 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (1) | (2) | (5) | (1) | (3) | (1) | (2) | (1) |
| Net profit | (0) | (1) | (4) | (1) | (2) | (1) | (1) | (1) |
| EPS (₹) | (0.12) | (0.55) | (1.66) | (0.23) | (0.58) | (0.23) | (0.50) | (0.27) |
Exhibit 3: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 29 Oct 2026 · Company Secretary and Compliance Officer resigns | management changes | medium | — | — |
| 14 Oct 2026 · Quarterly RTA compliance certificate under SEBI DP Regulation 74(5) for Q2 FY26 | compliance | minimal | — | — |
| 2 Oct 2026 · Seya Industries - Company Secretary Manisha Solanki resigns | management changes | high | — | — |
| 30 Sept 2026 · Seya Industries 36th AGM held under CIRP; audited FY26 results adopted | board shareholder meetings | medium | — | — |
| 18 Sept 2026 · Seya Industries FY26 Annual Report and 36th AGM Notice | board shareholder meetings | medium | — | — |
| 30 Jul 2026 · Routine compliance filing on share dematerialisation for Q1 FY27 | compliance | minimal | — | — |
| 27 Jun 2026 · NSE seeks clarification from Seya Industries on quarterly results | regulatory legal | high | — | — |
| 5 Jun 2026 · Promoter confirms no new share encumbrance at Seya Industries | compliance | minimal | — | — |
| 29 May 2026 · Seya Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026. | results | high | — | — |
| 29 May 2026 · Stand alone audited financial results for the quarter and year ended March 31, 2026 | results | 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.