What’s new

• Q4 net loss widened to ₹36.88 lakh from ₹7.14 lakh in Q3, a fivefold jump.
• Revenue rose sequentially to ₹1.20 crore in Q4, but not enough to cover higher costs.
• Trade receivables ballooned to ₹2.43 crore from ₹17.98 lakh a year ago, tying up cash.

Why it matters

For a company with full-year revenue of ₹4.98 crore, a receivables book of ₹2.43 crore means nearly half of annual sales are outstanding. This is a working-capital red flag for a nano-cap. The widening loss despite growing sales suggests costs or provisions are rising faster than the top line.

What we’re watching

• The collection cycle on that ₹2.43 crore receivables pile.
• Whether the full-year loss of ₹13.38 lakh continues into FY27.
• Cash equivalents fell to ₹1.82 crore; watch for any liquidity crunch.

The full read

Sinnar Bidi's Q4 loss of ₹36.88 lakh is over five times the ₹7.14 lakh loss in Q3. Revenue did climb to ₹1.20 crore from ₹89.05 lakh, but that growth was swallowed whole by rising costs. For the full year, the company is in the red to the tune of ₹13.38 lakh on ₹4.98 crore of revenue. The bigger issue sits on the balance sheet: trade receivables surged to ₹2.43 crore from ₹17.98 lakh a year ago, meaning nearly half of annual sales are tied up in unpaid bills. Cash fell to ₹1.82 crore. For a nano-cap, that receivables build-up is a material working-capital risk.

Primary source: BSE · NSE