BSE: 538667
Sirohia & Sons Limited
A BSE SME-listed entity (Scrip Code 538667) classified under Services – Trading & Distributors shows no regular business activity. Filings state the company "did not carry out regular business activity during the year and is searching for new opportunities." For H1 FY26 (half year ended 30 September 2025), revenue from operations was zero and total income of ₹20.70 lakhs came entirely from other income; for the full FY26, total income fell to ₹10.42 lakhs (a decline of approximately 72% from ₹37.25 lakhs) and the company posted a net loss of ₹12.90 lakhs versus a prior-year profit of ₹7.21 lakhs. The business reports under a single segment, and no dividend has been declared. Cash and cash equivalents stood at ₹1.21 lakhs in FY26 against reserves of ₹1,808.38 lakhs and total equity of ₹2,837.12 lakhs. Promoters hold 50.11% of equity, paid-up share capital is Rs. 10.26 crores, and directors have voluntarily foregone their remuneration. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Other income (interest / non-operating). Dormant single-segment BSE SME-listed entity with no operating revenue, holding reserves while searching for new business.
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) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | 0.00 | (0.14) | (0.05) | 0.04 | 0.03 |
| ROE % · ROCE % | — · 0.0 | — · (0.5) | — · (0.3) | — · 0.2 | — · 0.3 |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (0) | 0 | 0 | 0 | (0) |
| Capex | — | — | — | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | 0 | (0) | (0) | (0) | 0 | 0 | (0) |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | (0.06) | (0.08) | (0.02) | (0.03) | 0.00 | 0.07 | 0.16 | 0.13 |
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 |
|---|---|---|---|---|
| P/E (TTM) | 18.1 | 13.9 | 76 of 130 | 42% |
| ROCE | 0.3 | 2.1 | 124 of 177 | 30% |
| Market cap | 7 | 21 | 149 of 179 | 17% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Quarterly dematerialisation compliance confirmed for September 2026 | compliance | minimal | — | — |
| 30 Sept 2026 · Trading window closed from Oct 1, 2026 for Q2 results | compliance | minimal | — | — |
| 26 Sept 2026 · AGM resolutions approved by shareholders | board shareholder meetings | low | — | — |
| 2 Sept 2026 · AGM on Sep 26; no dividend declared for the year | corporate actions | low | — | — |
| 2 Sept 2026 · Sirohia & Sons submits Annual Report for FY 2025-26 | compliance | medium | — | — |
| 2 Sept 2026 · 36th AGM on 26 Sep 2026 at 11 am in Kolkata | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board approves 36th AGM notice for 26 Sep 2026 | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Board meeting on 2 Sep 2026 to approve AGM notice | board shareholder meetings | low | — | — |
| 15 Jul 2026 · Quarterly compliance filing under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 27 May 2026 · Approved and taken on record the Audited Standalone Financial Results of the Company for the half year and year ended 31st March, 2026, pursuant to Regulation 33 read with Regulation 30 .... | 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.