BSE: 509046
TRILIANCE POLYMERS LIMITED
Reports no revenue from operations across recent quarters and full-year periods, with all reported income classified as 'other income'. For FY26, total income was Rs. 53.57 lakhs — unchanged from FY25 — translating to a profit after tax of Rs. 23.18 lakhs and EPS of Rs. 0.45. Quarterly other income has stayed flat at Rs. 13.39 lakhs through Q1, Q2 and Q3 of FY26. The balance sheet is small: total assets of Rs. 613.38 lakhs, equity share capital of Rs. 511 lakhs across 5,110,000 shares, and net worth of Rs. 513.34 lakhs as of 31 March 2026. Borrowings rose to Rs. 86.46 lakhs from Rs. 7.17 lakhs in the prior year, and operating cash flow was negative Rs. 79.04 lakhs versus negative Rs. 18.17 lakhs. Classified under Services / Diversified Commercial Services and listed on BSE (Scrip Code 509046), the entity was formerly named Leena Consultancy Limited and is registered in Bandra (East), Mumbai. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Other income. Small BSE-listed entity with no operating business; income entirely from non-operating 'other income'
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) | (0) | (0) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | (0) | (0) | (0) | 0 | 0 |
| EPS, as reported (₹) | (2.38) | (0.39) | (0.35) | 0.65 | 0.45 |
| ROE % · ROCE % | (79.2) · (48.1) | (4.1) · (4.1) | (4.0) · (4.0) | 6.8 · 6.5 | 4.5 · 6.7 |
| Debt / equity (x) | 0.35 | 0.01 | 0.03 | 0.01 | 0.17 |
| Cash from operations | (0) | (5) | 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 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.00 | 0.10 | 0.17 | 0.03 | 0.04 | 0.17 | 0.17 | 0.01 |
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. % |
|---|---|---|---|---|---|---|---|---|
| INTL GEMOLOGICAL INST LTD | 17,213 | 28.2 | 11.57 | 16.5 | 47.8 | 58.1 | — | 64.6 |
| WEWORK INDIA MANAGEMENT L | 8,821 | 101.2 | 29.48 | 5.6 | 25.0 | 1.0 | — | 66.5 |
| NESCO LTD. | 7,059 | 16.9 | 2.36 | 11.9 | 13.8 | 14.8 | 26.2 | 68.9 |
| NIRLON LTD | 5,677 | 16.4 | 12.12 | — | 73.8 | 18.1 | — | 79.4 |
| SMARTWORKS COWORKING SP L | 5,439 | 195.1 | 10.25 | 4.6 | 2.0 | 0.3 | — | 65.8 |
| QUESS CORP LIMITED | 4,838 | 19.1 | 4.14 | 14.5 | 19.0 | 14.4 | 7.1 | 2.6 |
| INOX GREEN ENERGY SER LTD | 4,250 | 34.0 | 2.48 | 25.3 | 6.0 | 9.0 | — | 131.6 |
| INDIQUBE SPACES LIMITED | 3,731 | — | 7.25 | — | (20.7) | (2.5) | — | 67.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 89.7 | 13.0 | 70 of 79 | 12% |
| P/B | 3.5 | 1.3 | 74 of 95 | 22% |
| ROCE | 6.7 | 3.4 | 37 of 103 | 65% |
| ROE | 4.5 | 2.9 | 48 of 113 | 58% |
| Debt / Equity | 0.2 | 0.1 | 57 of 91 | 38% |
| Profit growth | (72.1) | 5.2 | 89 of 110 | 19% |
| Market cap | 18 | 47 | 74 of 108 | 32% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 14 Oct 2026 · RTA certificate under SEBI Reg 74(5) filed for Q2 FY26 | compliance | minimal | — | — |
| 1 Oct 2026 · Triliance Polymers 43rd AGM voting results: all 5 resolutions passed | board shareholder meetings | medium | — | — |
| 30 Sept 2026 · AGM held; 3 additional directors regularized at Triliance Polymers | management changes | medium | — | — |
| 30 Sept 2026 · Triliance Polymers 43rd AGM held 30 Sep 2026 - Summary of proceedings filed | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Trading Window Closure for Q2 and H1 FY26-27 Results | compliance | minimal | — | — |
| 9 Sept 2026 · Newspaper publication of 43rd AGM notice and e-voting details | compliance | minimal | — | — |
| 7 Sept 2026 · Triliance Polymers files FY25-26 annual report; 43rd AGM on Sep 30 | results | high | — | — |
| 5 Sept 2026 · Book closure for 43rd AGM from 24 September to 30 September 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 43rd AGM on 30 September 2026, Book Closure from 24 September | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Board approves FY26 reports, sets 43rd AGM on September 30, 2026 | board shareholder meetings | low | — | — |
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.