National Oxygen Ltd (507813)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, National Oxygen's revenue was ₹3.0 Cr (-59.8% year on year, -23.3% on the previous quarter), and net profit ₹-2.0 Cr (a bigger loss than a year earlier); the operating margin was -40.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹3.0 | -59.8% | -23.3% |
| Operating profit | ₹-1.2 | loss widened | loss widened |
| Net profit | ₹-2.0 | loss widened | loss widened |
| EPS (₹) | -3.98 | loss widened | loss widened |
| Operating margin | -40.8% | — | — |
📢 Recent Corporate Announcements
National Oxygen reported a weak Q1 FY27 with revenue falling 59.8% YoY to ₹3.04 Cr, primarily driven by the closure of its Pondicherry LOX plant in April 2026. Net loss widened to ₹2.22 Cr from a loss of ₹1.87 Cr in the same period last year. The company is facing severe financial stress with a negative net worth of ₹-6 Cr and debt of ₹29 Cr, which equals its entire market capitalization. Management cited severe competition and high operating costs, particularly power and maintenance, as reasons for the plant shutdown.
- Revenue from operations declined 59.8% YoY to ₹3.04 Cr from ₹7.58 Cr in June 2025.
- Net loss for the quarter widened to ₹2.22 Cr compared to a loss of ₹1.87 Cr in the previous year's corresponding quarter.
- The Pondicherry LOX plant operations were officially stopped effective April 6, 2026, due to high costs and competition.
- Finance costs stood at ₹0.45 Cr, representing nearly 15% of the total quarterly revenue.
- Earnings Per Share (EPS) for the quarter was negative ₹4.38, worsening from negative ₹3.71 YoY.
National Oxygen Limited reported a weak performance for the quarter ended June 30, 2026, with revenue from operations falling 59.8% YoY to ₹3.05 Cr. The company posted a net loss of ₹2.22 Cr, widening from a loss of ₹1.87 Cr in the same period last year. A major operational shift occurred as the company halted its Pondicherry LOX plant operations on April 6, 2026, due to high power costs and competition. The company continues to operate with a negative net worth of ₹-6 Cr and high debt levels relative to its ₹29 Cr market capitalization.
- Revenue from operations declined sharply to ₹3.05 Cr from ₹7.58 Cr in the year-ago quarter.
- Net loss for the quarter widened to ₹2.22 Cr, resulting in a negative EPS of ₹4.38.
- Pondicherry LOX plant operations were permanently stopped effective April 6, 2026, to curb operating losses.
- Total expenses of ₹5.29 Cr significantly exceeded total income of ₹3.08 Cr for the quarter.
- Power and fuel costs remained a major burden at ₹0.91 Cr, despite the plant closure.
National Oxygen Ltd has scheduled a board meeting for August 12, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The company is currently in a precarious financial position with a negative net worth of ₹-6 Cr and a debt of ₹29 Cr, which nearly equals its market capitalization of ₹30 Cr. Recent performance has been weak, with revenue declining from ₹7.58 Cr in June 2025 to ₹3.97 Cr in March 2026. Investors will be looking for any signs of operational recovery as the company has posted operating losses for the last four consecutive quarters.
- Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
- Company reported a negative net worth of ₹-6 Cr as per latest financial context.
- Debt stands at ₹29 Cr, which is approximately 96% of the current market capitalization.
- Operating profit margin (TTM) remains negative at -14.4%.
- Promoter holding has seen a slight decline from 71.24% in Sep 2025 to 65.55% in Jun 2026.
National Oxygen Ltd has scheduled its 51st Annual General Meeting (AGM) for August 28, 2026, via video conferencing. The company will close its Register of Members from August 22 to August 28, 2026, to facilitate the meeting. The cut-off date for determining shareholder eligibility for e-voting is August 21, 2026. This filing is procedural and does not announce any dividend or material business change.
- 51st AGM scheduled for August 28, 2026, at 11:30 AM IST
- Book closure period set from August 22, 2026, to August 28, 2026
- Cut-off date for e-voting eligibility is August 21, 2026
- E-voting window opens on August 25, 2026, and closes on August 28, 2026
National Oxygen Ltd has issued its FY2025-26 Annual Report, scheduling its 51st AGM for August 28, 2026. The key agenda item is a special resolution to sell, transfer, or dispose of assets at the SIPCOT-Perundurai unit under Section 180(1)(a). This comes as the company faces significant financial stress, including a negative net worth of Rs -6 Cr and a total debt of Rs 29 Cr. Revenue for FY26 stood at Rs 22.96 Cr, a sharp decline from Rs 40.58 Cr in FY25.
- Proposed sale or disposal of assets at the SIPCOT - Perundurai unit as a whole undertaking.
- FY26 revenue declined significantly to Rs 22.96 Cr from Rs 40.58 Cr in the previous year.
- Company reports a negative net worth of Rs -6 Cr against a total debt of Rs 29 Cr.
- Promoter holding has decreased from 71.24% in September 2025 to 65.55% in June 2026.
- AGM scheduled for August 28, 2026, with e-voting starting from August 25, 2026.
National Oxygen's board has approved the sale or disposal of assets at its Perundurai unit and plant/machinery at its Pondicherry unit, pending shareholder approval at the August 28, 2026 AGM. This move is critical as the company faces severe financial stress, including a negative net worth of Rs -6 Cr and debt of Rs 29 Cr, which equals its entire market capitalization. The board also approved adopting a new MOA and AOA to align with the Companies Act, 2013. Investors should monitor the sale proceeds as they will be vital for addressing the company's leverage.
- Board approved the sale/transfer/disposal of assets at the SIPCOT - Perundurai unit.
- Board approved the sale of Plant and Machinery (Liquid Unit) at the Pondicherry unit.
- 51st Annual General Meeting (AGM) scheduled for August 28, 2026, via video conference.
- Book closure period for the AGM set from August 22 to August 28, 2026.
- Company currently operates with a negative net worth of Rs -6 Cr and TTM revenue of Rs 23 Cr.
National Oxygen's board has approved the sale, transfer, or disposal of assets at its SIPCOT-Perundurai unit and the plant and machinery at its Pondicherry unit. These disposals are subject to shareholder approval at the upcoming 51st AGM on August 28, 2026. The move comes as the company faces significant financial stress, including a negative net worth of ₹6 Cr and a debt of ₹29 Cr against a market cap of ₹29 Cr. Specific transaction values for the asset sales were not disclosed in this preliminary filing.
- Board approved the sale/disposal of assets as a whole at the SIPCOT - Perundurai unit.
- Board approved the sale/disposal of Plant and Machinery (Liquid Unit) at the Pondicherry unit.
- 51st Annual General Meeting (AGM) scheduled for August 28, 2026, via video conference.
- Book closure period for the AGM set from August 22 to August 28, 2026.
- Company reported a negative net worth of ₹-6 Cr and total debt of ₹29 Cr in recent financials.
National Oxygen Limited has scheduled a board meeting for August 4, 2026, to finalize the administrative requirements for its upcoming Annual General Meeting (AGM) for FY 2025-26. The board will approve the annual report, secretarial audit report, and fix book closure dates. A significant agenda item includes the adoption of a new Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013. This is a routine procedural filing following the conclusion of the financial year.
- Board meeting scheduled for August 4, 2026, to approve the FY 2025-26 Board's Report.
- Proposal to adopt a new set of MOA and AOA as per the provisions of the Companies Act, 2013.
- Fixing of book closure dates and appointment of CDSL/NSDL for e-voting services.
- Company reported a negative net worth of Rs -6 Cr as per latest financial context.
- TTM revenue stands at Rs 23 Cr against a debt of Rs 29 Cr.
National Oxygen Ltd has officially withdrawn its proposal to raise capital through a preferential issue of 9,50,000 equity shares to a promoter group entity, Saraf Housing Development Private Limited. The issue was originally priced at Rs 93.80 per share, but the company's stock has since declined significantly to approximately Rs 58.1. The promoter expressed reservations about the previously approved price, leading the Board to cancel the fundraise and withdraw its application from BSE.
- Cancellation of 9,50,000 equity shares proposed for allotment to the promoter group.
- Original issue price of Rs 93.80 is significantly higher than the current market price of Rs 58.1.
- Total planned fundraise of Rs 8,91,10,000 (as per share count and price) has been scrapped.
- The proposal was previously approved by shareholders in an EGM held on May 28, 2026.
- Company cited 'prevailing market conditions' and 'significant decline in market price' as the primary reasons for withdrawal.
National Oxygen Ltd has officially withdrawn its proposed preferential issue of 9,50,000 equity shares to a promoter group entity, Saraf Housing Development Private Limited. The issue was originally approved at a price of Rs 93.80 per share in May 2026, but the company's market price has since fallen significantly to approximately Rs 58.1. Due to this price gap, the promoter-investor expressed reservations, leading the Board to cancel the fundraise. The company stated it may consider a fresh fund-raising exercise at a later date depending on market conditions.
- Cancellation of 9,50,000 equity shares intended for issuance to the promoter group.
- Proposed issue price of Rs 93.80 was at a significant premium to the current market price of Rs 58.1.
- Total planned fundraise of Rs 8,91,10,000 (Rs 8.91 cr) has been scrapped.
- The withdrawal follows a 58.4% decline in share price over the last 12 months.
- Application for in-principle approval previously submitted to BSE is being withdrawn.
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