Sinnar Bidi's Q4 loss widens to ₹37 lakh as receivables jump 12x
A revenue uptick couldn't stop the loss from expanding. For the year, trade receivables ballooned to ₹2.43 crore, a massive buildup from ₹18 lakh.
What's new
- Sinnar Bidi's Q4 net loss widened five-fold to ₹36.88 lakh, even as quarterly revenue rose to ₹1.20 crore.
- Full-year FY26 loss stood at ₹13.38 lakh on revenue of ₹4.98 crore.
- Trade receivables on the balance sheet jumped to ₹2.43 crore from ₹17.98 lakh a year ago.
Why this matters
The widening loss despite higher revenue suggests pressure on costs or pricing. The real red flag is the receivables surge, which signals customers aren't paying. That's a cash flow risk for a company this small.
What we're watching
- Cash conversion: receivables ballooned while cash equivalents fell.
- Whether the Q4 loss is a one-off or the new baseline.
- The quality of the receivables, given the 12x jump in a single year.
The full read
Sinnar Bidi Udyog is a nano-cap company where small swings matter. The March quarter posted a net loss of ₹36.88 lakh, five times worse than the prior quarter, even as revenue climbed to ₹1.20 crore. For the full year, the loss was ₹13.38 lakh on ₹4.98 crore in revenue. The balance sheet carries the bigger risk: trade receivables jumped to ₹2.43 crore from ₹17.98 lakh a year earlier. That's a 12x increase, and it means nearly half the year's revenue is still owed by customers. Meanwhile, cash equivalents fell to ₹1.82 crore. The company is selling more but collecting less. For a business this size, the receivables spike is the headline, not the loss.
Questions answered
- How much did the quarterly loss widen?
- The net loss for the March 2026 quarter was ₹36.88 lakh, up from a ₹7.14 lakh loss in the prior quarter, despite revenue rising from ₹89.05 lakh to ₹1.20 crore.
- What does the balance sheet reveal about the business?
- The standout item is a surge in trade receivables to ₹2.43 crore from ₹17.98 lakh a year earlier. This means ₹2.43 crore is now owed to the company by customers.
- How did the full-year numbers look?
- For FY26, Sinnar Bidi posted a net loss of ₹13.38 lakh on total revenue of ₹4.98 crore. The full-year loss is smaller than the Q4 loss because earlier quarters were profitable.
- Is the receivables buildup a concern?
- Yes. Trade receivables are about 49% of full-year revenue, a sharp increase from the prior year. This ties up cash and raises questions about the quality of sales and the ability to collect.