Does Triliance generate any revenue from its core business?

No. For both FY25 and FY26, the company reported ₹0 in revenue from operations. Its entire income of ₹53.57 lakh comes from other sources.

How did profitability change in FY26?

Net profit fell to ₹23.23 lakh from ₹33.54 lakh in the prior year. The decline was driven by marginal fluctuations in tax expenses and other costs, not operational performance.

What is the company's valuation relative to its earnings?

Triliance has a market capitalisation of ₹24 crore. This valuation is against annual net profit of ₹23.23 lakh and zero operating revenue.

What does the filing say about future plans?

Nothing. The filing contains no new business activity, no strategy, and no explanation for the prolonged inactivity.

Earnings · Miscellaneous · Micro cap

Triliance Polymers: two years of zero revenue, no plan to change that

The nano-cap's entire income of ₹53.57 lakh comes from non-operating sources. Net profit fell to ₹23.23 lakh.

TRILIANCE By Tipsheet Editorial 29 May 2026 · 8:14 PM IST Verify on BSE · NSE

Mkt cap₹24.73 cr

P/E106.61×

ROE6.84%

Debt / eq.0.01

₹0 Revenue from operations for two consecutive years.

What's new

Audited FY26 results show zero revenue from operations for the second year in a row.
Total income was flat at ₹53.57 lakh, all from other sources.
Net profit declined to ₹23.23 lakh from ₹33.54 lakh in FY25.

Why this matters

Triliance is a public company with no operating business. Its ₹24-crore market valuation rests on ₹53.57 lakh of miscellaneous income. The filing offers no strategy to change this.

What we're watching

Any sign of operational activity, which has been absent for two years.
Whether management addresses the prolonged inactivity in future filings.
How the market prices a ₹24-crore valuation on ₹23 lakh of profit.

The full read

Triliance Polymers is a ₹24-crore company that makes nothing. Its audited FY26 results confirm ₹0 in revenue from operations for a second straight year. Total income was ₹53.57 lakh, all from other sources. Net profit slipped to ₹23.23 lakh from ₹33.54 lakh in FY25. The filing contains no strategy. No explanation. For a nano-cap trading at a massive price-to-earnings multiple, the silence is the loudest part.

Questions answered

Does Triliance generate any revenue from its core business?: No. For both FY25 and FY26, the company reported ₹0 in revenue from operations. Its entire income of ₹53.57 lakh comes from other sources.
How did profitability change in FY26?: Net profit fell to ₹23.23 lakh from ₹33.54 lakh in the prior year. The decline was driven by marginal fluctuations in tax expenses and other costs, not operational performance.
What is the company's valuation relative to its earnings?: Triliance has a market capitalisation of ₹24 crore. This valuation is against annual net profit of ₹23.23 lakh and zero operating revenue.
What does the filing say about future plans?: Nothing. The filing contains no new business activity, no strategy, and no explanation for the prolonged inactivity.

Mentioned: Triliance Polymers Ltd. · ₹24 cr market cap · ₹53.57 lakh total income

Primary source BSE · NSE · Tijori

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

Company snapshot

Triliance Polymers Ltd.

Miscellaneous

₹23 cr

P/E 99.12×

Latest quarter · Mar 2026

Sales₹0 cr

Net profit₹0 cr

Op. margin+0.0%

EPS₹0.08

Strength & growth

Debt / equity0.01×

Current ratio40.87×

EPS CAGR+70.9%