How did Polycon International's revenue and profit change in FY26?

Revenue shrank 20% to ₹17.63 crore from ₹22.06 crore. Net profit of ₹14.25 lakh turned into a loss of ₹2.87 crore.

What does the loss mean for the company's market value?

The loss is ₹2.87 crore against a market cap of about ₹10 crore, wiping out nearly 29% of the company's equity value in one year.

How did the fourth quarter perform?

Q4 net loss widened to ₹92.03 lakh from ₹32.99 lakh a year ago, indicating deepening stress.

Who audited the results?

S.R. Goyal & Co audited the financials. No qualification is mentioned, but the scale of losses itself is a red flag for a nano-cap.

Earnings · Plastic Products · Micro cap

Polycon swings to ₹2.87 cr loss as revenue slides 20%

The nano-cap's annual loss equals 29% of its ₹10 crore market cap. Q4 losses widened sharply.

— 1 earlier story on Polycon International Ltd. →

POLYCON By Tipsheet Editorial 29 May 2026 · 9:52 PM IST Verify on BSE · NSE

Mkt cap₹10.24 cr

ROE3.58%

Debt / eq.8.53

₹2.87 cr Net loss for FY26, against a ₹14.25 lakh profit last year

What's new

Revenue fell 20% to ₹17.63 crore for FY26.
Net profit of ₹14.25 lakh turned into a ₹2.87 crore loss.
Q4 net loss widened to ₹92.03 lakh from ₹32.99 lakh a year ago.

Why this matters

For a ₹10 crore market-cap stock, a ₹2.87 crore annual loss erodes 29% of equity value in one year. That is deep financial distress. The widening Q4 loss suggests the operational slide is accelerating, not stabilising.

What we're watching

Whether the auditor flags any going-concern uncertainty.
Any disclosure on debt covenants or credit facilities.
If promoters pledge or sell shares to raise capital.

The full read

Polycon International reported an annual loss of ₹2.87 crore. That's a reversal from last year's ₹14.25 lakh profit. Revenue fell 20% to ₹17.63 crore. For a company with a market cap of just ₹10 crore, the loss represents 29% of its entire equity value. The fourth quarter was worse, with losses widening to ₹92.03 lakh from ₹32.99 lakh. This is a company burning through its capital base at an accelerating rate. The buffer is gone.

Questions answered

How did Polycon International's revenue and profit change in FY26?: Revenue shrank 20% to ₹17.63 crore from ₹22.06 crore. Net profit of ₹14.25 lakh turned into a loss of ₹2.87 crore.
What does the loss mean for the company's market value?: The loss is ₹2.87 crore against a market cap of about ₹10 crore, wiping out nearly 29% of the company's equity value in one year.
How did the fourth quarter perform?: Q4 net loss widened to ₹92.03 lakh from ₹32.99 lakh a year ago, indicating deepening stress.
Who audited the results?: S.R. Goyal & Co audited the financials. No qualification is mentioned, but the scale of losses itself is a red flag for a nano-cap.

Mentioned: ₹2.87 cr loss · 20% revenue decline · 29% of 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

All notes on POLYCON →

29 May 2026 · 9:52 PM IST Polycon swings to ₹2.87 cr loss as revenue slides 20%
1d ago Polycon swung to ₹2.88 cr loss as revenue shrank 20% and equity collapsed