What was Ashoka Refineries' revenue for FY26?

The company reported full-year revenue of ₹3.64 lakhs for the year ended March 31, 2026, an 88% decline from ₹31.34 lakhs in the previous fiscal year.

Is the company profitable?

No. Ashoka Refineries recorded a net loss of ₹15.50 lakhs for FY26, continuing a pattern of operational underperformance.

How large is the company?

It has a market capitalisation of just ₹5 crores, classifying it as a nano-cap entity with minimal business activity.

Do the results reveal any strategic shift?

No. The filing is a standard results announcement with no commentary on strategy, new contracts, or plans to change its operational status.

Earnings · Solvent Extraction · Micro cap

Ashoka Refineries made ₹3.64 lakhs all year. That's an 88% drop.

The nano-cap's full-year revenue is negligible. It continues to post losses.

— 1 earlier story on Ashoka Refineries Ltd. →

ASHOKRE By Tipsheet Editorial 29 May 2026 · 6:25 PM IST Verify on BSE · NSE

Mkt cap₹4.78 cr

ROE0.00%

Debt / eq.0.06

₹3.64 lakhs Full-year revenue for FY26, down from ₹31.34 lakhs in FY25.

What's new

FY26 revenue fell to ₹3.64 lakhs from ₹31.34 lakhs in FY25, an 88% decline.
The company recorded a net loss of ₹15.50 lakhs for the year.
Results confirm the company's status as a largely inactive entity.

Why this matters

Ashoka Refineries is a listed company whose entire annual revenue wouldn't cover a single employee's salary. The persistent losses and negligible business activity leave the listing itself as the only meaningful asset.

What we're watching

Any future board decisions on delisting or liquidation.
Auditor qualifications on the going-concern assumption.
Whether the company discloses a plan to revive operations.

The full read

Ashoka Refineries is a ₹5 crore market-cap company. Its entire annual revenue for FY26 was ₹3.64 lakhs. That's an 88% drop from the ₹31.34 lakhs it managed in FY25. The company posted a net loss of ₹15.50 lakhs.

The results are routine. But the trajectory is stark: revenue is now negligible, and the loss persists. At this scale, the filing describes a dormant entity. The listing itself is the only active asset.

Hardly a business.

Questions answered

What was Ashoka Refineries' revenue for FY26?: The company reported full-year revenue of ₹3.64 lakhs for the year ended March 31, 2026, an 88% decline from ₹31.34 lakhs in the previous fiscal year.
Is the company profitable?: No. Ashoka Refineries recorded a net loss of ₹15.50 lakhs for FY26, continuing a pattern of operational underperformance.
How large is the company?: It has a market capitalisation of just ₹5 crores, classifying it as a nano-cap entity with minimal business activity.
Do the results reveal any strategic shift?: No. The filing is a standard results announcement with no commentary on strategy, new contracts, or plans to change its operational status.

Mentioned: ₹3.64 lakhs FY26 revenue · ₹15.50 lakhs net loss · ₹5 crore market cap

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

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29 May 2026 · 6:25 PM IST Ashoka Refineries made ₹3.64 lakhs all year. That's an 88% drop.
9d ago GMD Corporate Advisors buys 5.6% of Ashoka Refineries in off-market deal