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RSC International reports zero revenue for FY26

With net worth now negative and just ₹4,990 in cash left, the statutory auditor has again flagged the firm's going-concern status.

4 earlier stories on RSC International Ltd.
Mkt cap₹17.39 cr
ROE0.00%
Debt / eq.0.43
₹4,990 Total cash reserves remaining on the balance sheet.

What's new

  • Annual revenue dropped to zero for FY26, down from ₹99 lakhs in the previous fiscal year.
  • The company posted a ₹31.61 lakh net loss, pushing net worth into negative territory at ₹13.27 lakhs.
  • Auditors issued a qualified opinion for the third year, citing material uncertainty about business continuity.

Why this matters

The company has run out of runway. A listed entity reporting zero revenue with only ₹4,990 in cash is essentially a shell.

What we're watching

  • Whether the board moves toward liquidation or delisting.
  • Any potential corporate restructuring plans from promoters.
  • Regulatory scrutiny given the three-year history of qualified auditor opinions.

The full read

RSC International has hit a financial dead end. After generating ₹99 lakhs in revenue in the previous fiscal year, the company reported zero sales for FY26. This stagnation coincided with a net loss of ₹31.61 lakhs, which wiped out the remaining equity and left the company with a negative net worth of ₹13.27 lakhs. Perhaps more telling is the liquidity profile: RSC now holds just ₹4,990 in cash. For the third consecutive year, the statutory auditor refused a clean report. The firm's qualified opinion centers on the persistent cash losses and the erosion of net worth, leaving auditors unable to confirm that the business can survive. With a market capitalization of roughly ₹15 crores, this nano-cap is now grappling with terminal financial distress.

Mentioned: RSC International Ltd.
Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

RSC International Ltd.

Miscellaneous
₹22 cr

Latest quarter · Mar 2026

Sales₹0 cr
Net profit−₹0 cr
Op. margin+0.0%
EPS−₹0.12

Strength & growth

Debt / equity0.43×
Current ratio1.27×
Sales CAGR+2.7%
Financials via Tijori — a research aid, not investment advice.RSCINT on Tijori
  1. 22 May 2026 · 9:23 PM IST RSC International reports zero revenue for FY26
  2. today RSC International buys 51% of fintech FA Wizard for ₹20.69 cr via share swap
  3. today RSC International buys 51% of ₹155 cr fintech; shell to pivot into lending
  4. 3d ago RSC International plans preferential issue as revenue stays at zero
  5. 55d ago RSC International reports zero revenue and negative net worth