Shikhar Consultants reports ₹0 revenue and a ₹10.85 lakh loss
The nano-cap NBFC's annual results show a company with no operational income, negative reserves of ₹2.8 crore, and a cash balance of just ₹31,851.
— 1 earlier story on Shikhar Consultants Ltd. →What's new
- Shikhar Consultants posted zero operational revenue and a net loss of ₹10.85 lakhs for FY26.
- The company's net worth is negative at ₹2.8 crore, with a cash balance of ₹31,851.
- The board re-appointed its internal auditor, a routine administrative step.
Why this matters
A company with a ₹6 crore market cap is running with zero income and negative reserves. The filing is routine, but the numbers describe a business that isn't operating. The re-appointment of an auditor is procedural housekeeping for a ship that isn't moving.
What we're watching
- Any move by the board to address the net-debt position or operational inactivity.
- Whether SEBI or exchanges question the continued listing of a non-operating entity.
- The fate of the ₹6 crore market cap given the fundamentals.
The full read
Shikhar Consultants is a nano-cap NBFC with a ₹6 crore market capitalization. Its latest annual results confirm it has no operations: ₹0 revenue, a ₹10.85 lakh net loss, negative reserves of ₹2.8 crore, and a cash balance of ₹31,851. The numbers aren't new; they track with prior quarters. The board also re-appointed its internal auditor, a routine step. The filing scores a 5 because it's standard. But standard filings for a company that isn't generating income are the point. The audited accounts are a clear snapshot of a business that exists on paper, not in the market.
Questions answered
- What were Shikhar Consultants' revenue and profit for FY26?
- The company reported zero operational revenue and a net loss of ₹10.85 lakhs for the year ended March 31, 2026.
- What does the balance sheet look like?
- The company has negative reserves exceeding ₹2.8 crore and a cash balance of only ₹31,851. Its total market capitalization is ₹6 crore.
- Did the board approve anything else besides the financials?
- The board also approved the re-appointment of the company's internal auditor for the upcoming fiscal year, a standard governance procedure.
- Is this a new problem for the company?
- No. The rationale states these results are consistent with previous quarterly trends, indicating persistent operational stagnation.
Shikhar Consultants Ltd.
Latest quarter · Mar 2026
Leverage & growth
Story so far
All notes on SHIKHAR →- 29 May 2026 · 9:51 PM IST Shikhar Consultants reports ₹0 revenue and a ₹10.85 lakh loss
- 45d ago Shikhar Consultants ends FY26 with zero revenue and a ₹10.85 lakh loss