What’s new

• Net profit fell 78% to ₹173.38 lakhs from ₹773.95 lakhs.
• Other income collapsed to ₹102.95 lakhs from ₹800.07 lakhs.
• Board recommended a final dividend of ₹3.50 per share (35%).

Why it matters

The earnings of NG Industries are heavily dependent on volatile investment income. A near-total evaporation of that income slashed profits, while operating revenue barely moved. The dividend offers thin yield support but does not mask the underlying risk: the core business is not generating growth.

What we’re watching

• Whether the company addresses its reliance on non-operating income.
• Impact of fair-value losses on future investment portfolio.
• Any management commentary on revenue growth initiatives.

The full read

NG Industries' net profit plunged 78% to ₹173.38 lakhs in FY26, the victim of a near-total evaporation of other income—₹800.07 lakhs in FY25 to just ₹102.95 lakhs. Operating revenue barely moved, slipping to ₹1,639.48 lakhs. The board recommended a ₹3.50 per share dividend, but that does little to soften the blow. The total income flipped to a loss of ₹378.35 lakhs, thanks to fair-value hits on the same volatile investment portfolio. For a ₹40 crore nano-cap, earnings that depend on investment income rather than operations are a clear risk. The dividend is a token; the real story is the fragile earnings base.

Primary source: BSE · NSE