UNIROYAL MARINE EXPORTS LTD.

Processes and exports seafood products from its base in Kerala, generating ₹28.70 crore in FY26 revenue. Materials are the dominant cost at 60.5% of revenue, followed by other operating expenses at 17.5% and employee costs at 9.5%. Revenue contracted sharply during the year, with Q3 FY26 down about 64% year-on-year to ₹426.45 lakhs, which the company attributes to raw material shortages that have also forced workforce restructuring. The company's ability to continue as a going concern depends on the outcome of an open-bid sale of 180 cents of land at Vengalam, Calicut. Other equity is deeply negative at ₹565.28 lakhs due to accumulated losses, and the board has flagged the need to realign operations around its raw material supply. Profitability remained thin, with an EBITDA margin of 5.88% and net profit margin of 0.93% in FY26.