Notes archive.
Prince Pipes lifts FY27 margin guidance to 11-13% after record quarter
Volume hit 62,167 MT, up 23% YoY, and management is targeting 12-15% growth for the full year.
Black Box's order backlog swells 57% to $792m on US hyperscaler win
Q4 revenue grew 9% but the company's order book is the story. Full-year bookings crossed $1 billion for the first time.
Venus Pipes grew revenue 21.7% last year. Profit didn't keep up.
A solid top line for the pipes maker. The bottom line isn't keeping up, a gap the audited results confirm.
Liberty Shoes' Q4 profit jumps 8x, but full-year profit still fell 18%
A sharp Q4 recovery to ₹5.30 crore from ₹59 lakh couldn't offset a weaker first nine months. Full-year profit dropped to ₹11.19 crore as the auditor flagged a related-party arrangement.
AIA Engineering's FY26 audit adds nothing the market didn't already know
The ₹16 dividend and MD reappointment are routine. The core financials were disclosed in quarterly updates months ago.
Dhunseri swings to profit, but signs a €32M guarantee for a subsidiary
A ₹24.4 crore profit replaces an ₹87.4 crore loss, but the board's guarantee for a subsidiary's expansion is the bigger move.
Surat Trade keeps family control, reappoints Shah for five years
The MD's brother gets another term as whole-time director at the ₹99 crore nano-cap. A routine move, but it locks in the existing power structure.
Northern Spirits posts 19% revenue jump. Cash balance swells 21-fold.
FY26 revenue hit ₹2,309 crore. The cash position, not the topline, is the story — moving from near-zero to ₹14.4 crore.
Venus Pipes wins ₹185-cr data-centre order, invests ₹70 cr in new plant
A non-binding letter of intent from a top operator gives Venus its first big spooling order and backs a ₹70-cr plant.
MFS Intercorp posts a Q4 profit, but full-year loss widens
A **₹19.15 lakh** Q4 profit couldn't erase the **₹2.36 lakh** full-year net loss. Receivables ballooned to **₹571 lakhs**.
Jasch is adding 33% more PU fabric capacity and has almost finished paying for it
The nano-cap is spending ₹1.41 crore to lift capacity to 40 lakh metres, with most of the money already out the door.
ACE hikes prices 9-12% to fight 22% steel cost jump
Three rounds of price increases are absorbing a 20-22% surge in steel, which makes up 65% of inputs. The company also finalised its Kato Works JV.
Adinath Textiles reports zero revenue, profit halves on shrinking other income
The nano-cap's sole income is ₹134.14 lakhs in other income. Its only operational line remains blank.
AIA Engineering's FY26 profit jumps 25%, declares ₹16 dividend
A routine annual update, but the numbers are strong. Standalone profit crossed ₹1,276 crore, and the board approved a hefty payout.
Sunrise Industrial profit falls 31% in FY26
Net profit dropped to ₹224.93 lakhs from ₹325.99 lakhs. No dividend, no explanation.
Jubilant Ingrevia posts highest profit in 14 quarters on volume recovery
Q4 revenue rose 12% as the company navigated Middle East disruptions and commissioned a new agro CDMO plant. Management guides for sequential growth to start FY27.
Emmforce's consolidated profit flat at ₹825 lakhs despite 28.7% revenue surge
Standalone revenue grew 19.5% to ₹10,447 lakhs, but subsidiary losses ate the group gain.
Emmforce's standalone profit grows 13.8%, but subsidiary losses keep the group flat
Standalone revenue grew 19.5% in FY26, but a loss-making subsidiary erased the progress at the group level. The auditors' report was clean.
Jubilant Ingrevia hits 14-quarter revenue high, guides for more
Q4 sales reached ₹1,179 cr, the highest in three and a half years. Volume drove the growth, not price.
Black Box posts ~6% profit growth for FY26, lifts board limit for fresh fundraising
Audited results for Q4 and FY2026 show steady but unspectacular growth. The board has cleared a ₹2,500 crore fundraise envelope, with no terms yet set.
RR Financial swaps CFO with no explanation
The ₹77 cr nano-cap has reallocated the finance chief role internally. The filing gives no reason for the change.
Bloom Industries has zero sales and a cancelled GST registration.
Its auditor found the company stopped filing tax returns last May and did not deposit any TDS for the year. Profit came entirely from other income.
AIA Engineering's FY26 audit locks in a 20% profit jump
Consolidated PAT reached ₹1,268.93 crore on revenue of ₹4,419.86 crore. The numbers are already in the price.
Shyam Telecom has zero revenue, a going-concern flag, and negative net worth.
The auditor flagged material uncertainty over the company's ability to continue. Current liabilities of ₹4,549.50 lakhs exceed current assets of ₹74.36 lakhs.
Jasch Industries posts 77% profit jump, but the numbers were already out.
Full-year revenue grew 24.4% to ₹22,868.40 lakh and net profit rose 77% to ₹1,325.37 lakh. The results were previously disclosed and are priced in.