Eureka Industries reports ₹126.57 cr revenue but only ₹19.53 lakh profit.
The company remains under the pre-packaged insolvency process with a negative net worth, as it awaits NCLT approval for a merger with Onix Renewable.
— 1 earlier story on Eureka Industries Ltd. →What's new
- Eureka Industries posted FY26 revenue of ₹126.57 crore.
- Net profit sits at just ₹19.53 lakh after large inventory and asset write-offs.
- The company maintains a negative net worth while under the pre-packaged insolvency process.
Why this matters
The gap between revenue and profit shows a balance sheet under extreme pressure. With a market capitalization of only ₹8 crore, the company's survival depends on the pending NCLT-approved merger.
What we're watching
- NCLT approval status for the merger with Onix Renewable Limited.
- Further asset write-offs in upcoming quarters.
- Any changes to the pre-packaged insolvency resolution process status.
The full read
Eureka Industries closed FY26 with ₹126.57 crore in revenue, yet managed a net profit of only ₹19.53 lakh. The thin margin reflects a company in distress, burdened by large-scale write-offs of inventory and assets. While the company also recorded write-backs of long-standing liabilities, its financial position remains precarious. Eureka Industries is currently operating under the Pre-packaged Insolvency Resolution Process and carries a negative net worth. With a market capitalization of just ₹8 crore, the company is effectively a shell awaiting the outcome of its proposed merger with Onix Renewable Limited. That merger is still pending NCLT approval. These results reflect a company in the final stages of a restructuring process rather than a standard operating performance.
Questions answered
- Why is the company's profit so low relative to its revenue?
- The company recorded large-scale write-offs of inventory and assets during the fiscal year. These charges eroded the bottom line despite the ₹126.57 crore revenue figure.
- What is the current financial status of Eureka Industries?
- The company is a distressed entity currently undergoing the Pre-packaged Insolvency Resolution Process. It reports a negative net worth.
- Is there a plan to exit this distressed state?
- Yes, the company plans to merge with Onix Renewable Limited. The deal is currently awaiting approval from the NCLT.
- What is the market value of the company?
- Eureka Industries has a market capitalization of approximately ₹8 crore.
Story so far
All notes on EUREKAI →- 28 May 2026 · 9:26 PM IST Eureka Industries reports ₹126.57 cr revenue but only ₹19.53 lakh profit.
- today Eureka Industries profit slips to ₹19.53 lakhs despite revenue surge