Shricon Industries Ltd (508961)

Shricon Industries reported a significant year-on-year turnaround for Q1 FY27, with revenue from operations reaching ₹83.41 Lacs compared to a negligible ₹2.37 Lacs in Q1 FY26. However, on a sequential basis, revenue declined by 26.5% from ₹113.44 Lacs in the March 2026 quarter. Net profit followed a similar pattern, standing at ₹7.16 Lacs, an improvement from a loss of ₹4.74 Lacs YoY but a 68.7% drop from ₹22.92 Lacs QoQ. The company maintains a debt-free balance sheet with a small market capitalization of ₹26 Cr.

• Revenue from operations jumped to ₹83.41 Lacs from ₹2.37 Lacs in the year-ago quarter.
• Net profit for the quarter stood at ₹7.16 Lacs, recovering from a loss of ₹4.74 Lacs in Q1 FY26.
• Total expenses rose significantly to ₹83.08 Lacs, driven largely by material costs of ₹48.60 Lacs.
• Other Comprehensive Income of ₹10.91 Lacs boosted the Total Comprehensive Income to ₹18.07 Lacs.
• Earnings Per Share (EPS) for the quarter was ₹0.58, down from ₹1.85 in the preceding quarter.

Shricon Industries reported a significant YoY revenue increase to ‹ 83.41 Lacs in Q1 FY27, up from just ‹ 2.37 Lacs in the same quarter last year. However, on a sequential basis, revenue declined by 26.5% from ‹ 113.44 Lacs in Q4 FY26. Net profit followed a similar trend, turning positive YoY at ‹ 7.16 Lacs (from a loss of ‹ 4.74 Lacs) but dropping 68.7% sequentially. The company remains a micro-cap with a ‹ 25 Cr market capitalization and maintains a zero-debt balance sheet.

• Revenue from operations surged to ‹ 83.41 Lacs from ‹ 2.37 Lacs in the year-ago period.
• Net Profit for the quarter stood at ‹ 7.16 Lacs against a net loss of ‹ 4.74 Lacs in Q1 FY26.
• Total Comprehensive Income reached ‹ 18.07 Lacs, supported by ‹ 10.91 Lacs in other comprehensive income items.
• Cost of materials consumed was the largest expense head at ‹ 48.60 Lacs, representing 58% of revenue.
• Earnings Per Share (EPS) for the quarter was ‹ 0.58, down from ‹ 1.85 in the preceding quarter.

Shricon Industries Limited has appointed M/s. Birla and Associates, Chartered Accountants, as its Statutory Auditors for a five-year term. The appointment was approved during the 40th Annual General Meeting (AGM) held on August 4, 2026, and will last until the conclusion of the 45th AGM in 2031. The lead auditor, CA Dipesh Birla, brings over 6 years of experience in finance and auditing, including a stint at Fortis Group. This is a standard regulatory appointment for a micro-cap company with a market capitalization of Rs 24 Cr.

• Appointment of M/s. Birla and Associates for a 5-year consecutive term starting August 4, 2026.
• The term extends from the conclusion of the 40th AGM until the 45th AGM in 2031.
• Lead auditor CA Dipesh Birla has over 6 years of post-qualification experience in statutory and internal audits.
• The company reported a TTM revenue of Rs 4 Cr and a PAT of Rs 2 Cr as of the latest financial context.

Shricon Industries held its 40th Annual General Meeting on August 4, 2026, with 13 members attending virtually. The company proposed seven resolutions, including the approval of Related Party Transactions (RPTs) with Career Point Edutech Limited and Career Point University, Hamirpur. A special resolution was also tabled for the approval of loans, investments, and guarantees under Section 185 of the Companies Act. With a small market cap of Rs 25 Cr and TTM revenue of Rs 4 Cr, these governance and capital allocation decisions are central to its operational framework.

• 40th Annual General Meeting concluded on August 4, 2026, within a 17-minute session.
• 7 total resolutions proposed, including 1 special resolution for Section 185 loan/investment approvals.
• Proposed appointment of M/s Birla and Associates as Statutory Auditors for a 5-year term until 2031.
• Related party transactions (RPTs) sought for Career Point Edutech Limited and Career Point University, Hamirpur.
• Quorum of 13 members attended, exceeding the minimum requirement of 5 members.

Shricon Industries has scheduled its board meeting for August 7, 2026, to approve un-audited financial results for the quarter ended June 30, 2026. The company is coming off a strong FY26 where revenue grew to ₹4.33 Cr from ₹0.62 Cr in FY25. With a small market cap of ₹24 Cr and high TTM operating margins of 48.6%, these results are key to assessing growth sustainability. The trading window for insiders has been closed since July 1, 2026.

• Board meeting date set for August 7, 2026, to consider Q1 FY27 results.
• Trading window for insiders has been closed since July 1, 2026.
• Company reported a significant turnaround in FY26 with revenue of ₹4.33 Cr vs ₹0.62 Cr in FY25.
• TTM EPS stands at ₹15.65 as of the last reported annual cycle.
• Promoter holding remains stable at 70.84% as of June 2026.