What does the 41x revenue jump actually represent?

It's the move from ₹5.80 lakh in FY25 to ₹243.02 lakh in FY26. The percentage is extreme because the starting point was near zero.

Is the profit margin meaningful?

Net profit was ₹3.37 lakh on revenue of ₹243.02 lakh. The absolute profit for the full year is negligible for a listed company.

What does the clean audit opinion confirm?

The statutory auditor issued an unmodified opinion, meaning it found no material misstatements in the financials. It validates the reported numbers.

Why were new auditors appointed?

The board appointed Gajab Maheshwari and Associates as secretarial auditor and Ritik Agrawal & Company as internal auditor for FY27. The filing treats this as a routine procedural step.

Earnings · Finance - Investment · Micro cap

Wagend Infra's revenue jumps 41x, but from a ₹5.80 lakh base

FY26 audited revenue hit ₹243.02 lakh, a massive percentage surge on negligible prior-year earnings. The company's market cap is ₹5 crore.

— 2 earlier stories on Wagend Infra Venture Ltd. →

WAGEND By Tipsheet Editorial 30 May 2026 · 10:02 PM IST Verify on BSE · NSE

Mkt cap₹5.28 cr

P/E155.56×

ROE0.25%

Debt / eq.0.00

41x Revenue multiplier from a near-zero FY25 base.

What's new

FY26 revenue was ₹243.02 lakh, up from ₹5.80 lakh in FY25.
Net profit grew to ₹3.37 lakh from ₹2.29 lakh.
Auditor gave a clean opinion; new auditors appointed for FY27.

Why this matters

The percentage growth is eye-catching. The business started from nothing. At ₹243.02 lakh in revenue, the company remains tiny, and a ₹5 crore market cap prices in future promise, not current cash flow.

What we're watching

The source of the new revenue, which the filing does not disclose.
Whether the new clients or projects continue into FY27.
If profit margins can expand from the current negligible level.

The full read

Wagend Infra's audited FY26 revenue jumped to ₹243.02 lakh from ₹5.80 lakh. The percentage is huge. The starting point was nothing. Net profit was ₹3.37 lakh, up from ₹2.29 lakh. For a company with a ₹5 crore market cap, annual revenue of ₹243 lakh is minuscule. A clean audit opinion confirms the figures are valid. The filing gives no explanation for the surge. It provides no forward guidance. The growth is extreme. The scale is not.

Questions answered

What does the 41x revenue jump actually represent?: It's the move from ₹5.80 lakh in FY25 to ₹243.02 lakh in FY26. The percentage is extreme because the starting point was near zero.
Is the profit margin meaningful?: Net profit was ₹3.37 lakh on revenue of ₹243.02 lakh. The absolute profit for the full year is negligible for a listed company.
What does the clean audit opinion confirm?: The statutory auditor issued an unmodified opinion, meaning it found no material misstatements in the financials. It validates the reported numbers.
Why were new auditors appointed?: The board appointed Gajab Maheshwari and Associates as secretarial auditor and Ritik Agrawal & Company as internal auditor for FY27. The filing treats this as a routine procedural step.

Mentioned: Wagend Infra Venture Ltd · Gajab Maheshwari and Associates · Ritik Agrawal & Company

Primary source BSE · NSE · Tijori

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

Company snapshot

Wagend Infra Venture Ltd.

Asset Management

₹6 cr

P/E 162.17×

Latest quarter · Mar 2026

Total income₹1 cr

Net profit₹0 cr

Net margin+2.5%

EPS₹0.00

Leverage & growth

Debt / equity0.00×

Sales CAGR+51.2%

EPS CAGR−9.9%

Story so far

All notes on WAGEND →

30 May 2026 · 10:02 PM IST Wagend Infra's revenue jumps 41x, but from a ₹5.80 lakh base
today Wagend Infra sees non-promoter group cross 7% stake via open market buying
25d ago Wagend Infra's audited FY26 results are out, but the numbers were already known.