A small BSE SME-listed entity classified under Trading & Distributors in Commercial Services & Supplies. Revenue comes from trading operations — Rs. 7.136 crore in FY26, against Rs. 4,001.77 lakhs in FY25 — and from grant income tied to skill development projects under the DDU-GKY scheme, where Rs. 247.78 lakhs was booked in FY26. Total income for FY26 was Rs. 966.17 lakhs versus Rs. 4,377.08 lakhs in FY25, an audited ~78% decline, and revenue from operations fell about 82% year-on-year. The FY26 auditor (DDS & Associates) issued a qualified opinion citing six recurring issues: failure to classify MSME creditors, TDS discrepancies totalling Rs. 30.12 lakhs, unsecured loans and advances of Rs. 1,883.20 lakhs given and received without formal agreements, unverified DDU-GKY grant income, missing documentation for trading transactions with unusual fluctuations, and non-compliance with audit trail requirements for accounting software. The cost base is dominated by other operating expenses at 37.6% of revenue (Rs. 2.6811 crore in FY26), with employee cost at 0.4% and no materials cost recorded. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Trading operations, DDU-GKY skill development grants. Small, asset-light trading entity with grant-income exposure, declining revenues, and recurring audit qualifications.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 13 | 97 | 40 | 7 |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | — | — | — | — | — |
| EPS, as reported (₹) | (0.01) | (0.08) | 0.07 | 0.01 | 0.01 |
| ROE % · ROCE % | — · (0.4) | — · (5.7) | — · 6.0 | — · 0.9 | — · (0.9) |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | 7 | (1) | 8 | (0) | 2 |
| Capex | — | — | — | 0 | 0 |
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 10 | 15 | 82 | 38 | 2 | 1 | 6 |
| Profit before tax | (0) | (1) | (2) | 3 | 0 | (0) | (0) | (0) |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | (0.03) | (0.05) | (0.10) | 0.17 | 0.02 | 0.01 | 0.00 | 0.01 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 30,817 | 18.1 | 2.96 | 14.3 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 9,347 | 20.9 | 4.41 | 19.9 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 5,178 | 22.1 | 5.73 | 15.5 | 24.2 | 31.8 | (13.9) | 86.5 |
| SHANKARA BUILDPRO LIMITED | 3,050 | 23.2 | 5.59 | 13.5 | 23.4 | 31.8 | — | 3.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · FY2025-26 annual report sets AGM and proposed Rs 46.98 crore warrant issue | results | medium | — | — |
| 8 Sept 2026 · Sun Retail 19th AGM on Sept 30 to approve 46.98 crore warrant issue | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Board approves 46.98 crore warrants issue, appoints new CS, fixes AGM on 30 Sep | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Company Secretary and Compliance Officer resigns | management changes | medium | — | — |
| 7 Sept 2026 · CFO and Director resign from Sun Retail on Sept 7 2026 | management changes | high | — | — |
| 7 Sept 2026 · CFO and Director resign from Sun Retail Limited | management changes | medium | — | — |
| 3 Sept 2026 · Board meeting on Sep 8 to consider fundraising via preferential issue | fund raising | low | — | — |
| 27 Aug 2026 · Board appoints Sanjay Patil as Managing Director of Sun Retail | board shareholder meetings | low | — | — |
| 28 Jul 2026 · Routine compliance certificate for Q1 FY27 under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 21 May 2026 · Audited Standalone Financial Results for the Half Year and Year ended on March 31, 2026 | results | high | — | — |
| 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 |
| CREATIVE NEWTECH LIMITED |
| 1,682 |
| 25.8 |
| 4.34 |
| 19.2 |
| 18.1 |
| 21.0 |
| — |
| 5.2 |
| Pervasive Commodities Limited | 865 | 0.1 | 9.61 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 810 | 8.9 | 0.63 | 203.9 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 680 | 1.0 | — | 52.5 | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 12.3 | 14.7 | 69 of 161 | 58% |
| ROCE | (0.9) | 2.0 | 146 of 184 | 21% |
| Revenue growth | (92.1) | (8.6) | 121 of 135 | 10% |
| Market cap | 8 | 25 | 144 of 174 | 17% |
| 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 |
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.
