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Hexa Tradex Limited (HEXATRADEX)

₹156.57 -0.92% last close, 16 Oct

📊 NSE: HEXATRADEX 🏢 Investment Company 📢 Latest filing: 25 Aug 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Hexa Tradex's revenue was ₹1.4 Cr (-3.3% year on year), and net profit ₹-3.3 Cr (a smaller loss than a year earlier); the operating margin was -191.7%.

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹1.4	-3.3%	—
Operating profit	₹-2.8	loss narrowed	loss narrowed
Net profit	₹-3.3	loss narrowed	loss narrowed
EPS (₹)	-0.60	loss narrowed	loss narrowed
Operating margin	-191.7%	—	—

Full quarterly financials → Results calendar →

HEXATRADEX delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 96.04% of the HEXATRADEX shares traded on NSE were taken to delivery, against the stock's own 20-session average of 78.07%. That is higher than usual for this stock. Turnover was only ₹3 lakh, so a handful of trades can move this figure.

96.04%Delivery, 16 Oct

78.07%Own 20-session average

0.8×Volume vs its average

₹156.57NSE close · -0.92%

Delivery in the last 5 sessions: 78.8% · 95.7% · 68.2% · 96.8% · 96.0%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Hexa Tradex Reports Q1 Net Loss of ₹0.58 Cr; Delisting Approvals Pending at BSE and NSE

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 25 Aug 2026, 10:27 AM

Hexa Tradex reported zero revenue from operations and a standalone net loss of ₹57.71 lakhs for the quarter ended June 30, 2026, compared to a net loss of ₹79.70 lakhs in Q1 FY26. Total comprehensive income surged to ₹29,840.22 lakhs, primarily driven by ₹34,885.55 lakhs in fair valuation gains on non-current investments recorded in other comprehensive income. Standalone net worth expanded to ₹4,03,090.96 lakhs (approx. ₹4,031 Cr). The company confirmed that its delisting process is substantially complete, with final approval pending from BSE and NSE.

Revenue from operations was ₹ Nil for the quarter ended June 30, 2026, compared to ₹ Nil in Q1 FY26.
Standalone net loss stood at ₹57.71 lakhs versus a net loss of ₹79.70 lakhs in the corresponding prior-year quarter.
Other Comprehensive Income reflected fair valuation gains of ₹34,885.55 lakhs on non-current investments.
Standalone net worth increased to ₹4,03,090.96 lakhs as of June 30, 2026.
Final delisting application has been filed and remains pending approval with BSE and NSE.

💡 Track final regulatory approvals and formal delisting notifications from BSE and NSE regarding the equity shares of Hexa Tradex.

Hexa Tradex Approves Q1 FY27 Unaudited Financial Results

🟡 NEUTRAL ⭐ 5/10

EARNINGS 📅 11 Aug 2026, 03:49 PM

Hexa Tradex Limited has approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company operates with a significant net worth of ‑3,733 Cr, which is disproportionately large compared to its TTM revenue of just ‑5 Cr. The board meeting was brief, lasting 70 minutes, and the results are accompanied by a limited review report. Investors should focus on the company's ongoing delisting process and the valuation of its underlying investments rather than operational trading revenue.

Board meeting conducted on August 11, 2026, lasting 70 minutes (02:30 PM to 03:40 PM)
Financial results approved for the quarter ended June 30, 2026
Company maintains a high promoter holding of 92.13% as of June 2026
Net worth stands at ‑3,733 Cr against a market cap of ‑874 Cr
TTM revenue remains low at ‑5 Cr with an operating profit margin of -141.0%

💡 Monitor the status of the delisting application with BSE and NSE, as the company's value is primarily tied to its investment holdings rather than its trading operations.

Hexa Tradex Submits Minutes of 15th AGM Held on June 24, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Jul 2026, 02:53 PM

Hexa Tradex Limited has filed the certified minutes of its 15th Annual General Meeting (AGM) held on June 24, 2026. This is a procedural regulatory filing under SEBI (LODR) Regulations. The company continues to operate with a very high promoter holding of 92.13% and is primarily focused on its delisting process. Financially, the company remains small in operations with TTM revenue of just Rs 5 Cr, though it holds a substantial net worth of Rs 3733 Cr, largely due to investment valuations.

15th Annual General Meeting successfully conducted on June 24, 2026
Promoter holding remains concentrated at 92.13% as of March 2026
TTM revenue stands at Rs 5 Cr against a significant net worth of Rs 3733 Cr
Primary corporate activity remains the delisting process initiated by the acquirers

💡 Investors should monitor the status of the delisting application with BSE and NSE, as the company's operational revenue is minimal relative to its investment-heavy balance sheet.

Hexa Tradex Submits Routine SEBI Regulation 74(5) Compliance Certificate for June 2026 Quarter

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Jul 2026, 01:16 PM

Hexa Tradex Limited has filed its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018, for the period ending June 30, 2026. The document, issued by RCMC Share Registry Private Limited, confirms that share certificates received for dematerialization were processed and the depository's name was updated in the records. This is a standard procedural filing for listed entities and does not impact business operations. Investors should note the company's high promoter holding of 92.13% and its ongoing delisting efforts.

Compliance certificate submitted for the quarter ended June 30, 2026
Certificate issued by the Registrar and Share Transfer Agent (RTA) on July 1, 2026
Filing confirms adherence to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Company maintains a high promoter holding of 92.13% as of the March 2026 quarter
Net worth remains substantial at Rs 3,733 Cr despite low TTM revenue of Rs 5 Cr

💡 This is a routine administrative filing; investors should focus on the company's delisting progress and the valuation of its significant investment book.

Hexa Tradex Shareholders Approve FY26 Financials and ₹60 Cr Related Party Transactions

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 26 Jun 2026, 11:47 AM

Hexa Tradex Limited held its Annual General Meeting on June 24, 2026, where shareholders approved all six resolutions with a requisite majority. Key approvals include the adoption of FY26 financial statements and the re-appointment of statutory auditors for a five-year term. Notably, shareholders sanctioned two material related party transactions with Siddeshwari Tradex and Jindal Saw Limited, each capped at ₹30 Crores for FY 2027-28. The overall voting turnout was high at 92.14%, ensuring a strong mandate for the management's proposals.

Shareholders approved the adoption of Standalone and Consolidated Audited Financial Statements for FY 2025-26.
Two material related party transactions totaling ₹60 Crores (₹30 Cr each) were approved for FY 2027-28.
M/s Lodha & Co LLP was re-appointed as Statutory Auditors for a second consecutive five-year term.
Re-appointment of Dr. Vinita Jha as Independent Director and Mr. Naresh Kumar Agarwal as Director was confirmed.
Total votes polled represented 92.14% of the company's share capital, with over 99.99% in favor for general resolutions.

💡 Investors should monitor the execution of the approved related party transactions to ensure they are conducted at arm's length. No immediate portfolio action is required as the AGM outcomes were standard and expected.

Hexa Tradex to Close Trading Window from July 1, 2026, for Q1 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Jun 2026, 03:13 PM

Hexa Tradex Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q1 financial results. The window will remain closed until 48 hours after the declaration of the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. This is a standard regulatory procedure to prevent insider trading during the sensitive period before earnings are made public.

Trading window closure begins on July 1, 2026, for the quarter ending June 30, 2026.
The restriction applies to all designated persons and their immediate relatives as per the company's code of conduct.
The window will reopen 48 hours after the announcement of the unaudited standalone and consolidated financial results.
The notice was issued on June 25, 2026, in compliance with SEBI insider trading regulations.

💡 No action is required as this is a routine regulatory filing. Investors should await the announcement of the Q1 results date to assess the company's financial performance.

Hexa Tradex 15th AGM: Approves Rs 60 Cr Related Party Transactions & Auditor Re-appointment

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 24 Jun 2026, 01:34 PM

Hexa Tradex Limited concluded its 15th Annual General Meeting on June 24, 2026, transacting both ordinary and special business. Key approvals included the adoption of FY26 financial statements and the re-appointment of M/s Lodha & Co LLP as statutory auditors for a second 5-year term. Notably, the company sought approval for material related party transactions with Siddeshwari Tradex and Jindal Saw Limited, each capped at Rs 30 Crores for FY 2027-28. The re-appointment of Dr. Vinita Jha as an Independent Director for five years was also proposed.

Approval of material related party transactions with Siddeshwari Tradex and Jindal Saw Ltd totaling Rs 60 Crores for FY 2027-28
Re-appointment of M/s Lodha & Co LLP as Statutory Auditors for a second consecutive 5-year term
Re-appointment of Dr. Vinita Jha as Independent Director for a 5-year term effective June 25, 2026
Adoption of Audited Standalone and Consolidated Financial Statements for the fiscal year ended March 31, 2026

💡 Investors should review the upcoming voting results to confirm shareholder support for the related party transactions. These proceedings are part of standard annual corporate governance and do not necessitate immediate portfolio changes.

Hexa Tradex Schedules 15th AGM for June 24, 2026; Sets June 17 as E-voting Cutoff

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 May 2026, 07:00 PM

Hexa Tradex Limited has announced that its 15th Annual General Meeting (AGM) will be held on June 24, 2026, at 12:30 PM. The company has fixed June 17, 2026, as the cutoff date to determine the eligibility of shareholders for e-voting. The remote e-voting facility will be available from June 21 to June 23, 2026. The specific agenda and the Annual Report for the financial year 2025-26 will be dispatched to shareholders in due course.

15th Annual General Meeting scheduled for June 24, 2026, at 12:30 PM.
Cutoff date for e-voting eligibility is set for June 17, 2026.
E-voting period starts on June 21, 2026 (9:00 AM) and ends on June 23, 2026 (5:00 PM).
Annual Report for FY 2025-26 and AGM notice to be issued separately.

💡 This is a routine regulatory announcement; investors should wait for the release of the Annual Report to review the company's financial performance and proposed resolutions.

Hexa Tradex Re-appoints Dr. Vinita Jha as Independent Director and Lodha & Co. as Auditors

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 11 May 2026, 06:54 PM

Hexa Tradex Limited has announced the re-appointment of Dr. Vinita Jha as an Independent Director for a second five-year term starting June 25, 2026. Additionally, the board has approved the re-appointment of M/s Lodha & Co., Chartered Accountants, as statutory auditors for another five-year period until the conclusion of the 20th AGM in 2031. These decisions were made during the board meeting held on May 11, 2026, and are subject to shareholder approval at the upcoming Annual General Meeting. The move ensures continuity in both independent oversight and financial auditing for the company.

Dr. Vinita Jha re-appointed as Independent Director for a 2nd consecutive 5-year term starting June 25, 2026.
M/s Lodha & Co. re-appointed as Statutory Auditors for a 2nd term of 5 years until the 20th AGM in 2031.
Both appointments are subject to shareholder approval at the ensuing Annual General Meeting.
The board meeting for these decisions was held on May 11, 2026, concluding at 06:40 P.M.

💡 These are routine governance matters ensuring continuity in leadership and auditing; investors should monitor the AGM voting results for formal confirmation.

Hexa Tradex Reports FY26 Net Loss of ₹18.70 Cr; Total Comprehensive Loss Widens to ₹15.75 Cr

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 11 May 2026, 06:48 PM

Hexa Tradex Limited reported a significant widening of its net loss to ₹18.70 crore for the full year ended March 31, 2026, compared to a loss of just ₹0.06 crore in FY25. Total income for the year plummeted by approximately 69% to ₹38.24 lakhs from ₹1.25 crore in the previous fiscal. Despite the operational losses, the company maintains a massive asset base with non-current investments valued at ₹4,330.34 crore, which dictates its overall net worth of ₹3,740.16 crore. The quarterly performance for Q4 FY26 also slipped into a net loss of ₹39.99 lakhs compared to a marginal profit in Q4 FY25.

Net Loss for FY26 widened to ₹18.70 crore from ₹0.06 crore in FY25.
Total Income for the full year dropped 69% YoY to ₹38.24 lakhs.
Total Comprehensive Loss for the year stood at ₹15.75 crore after accounting for investment valuations.
Non-current investments remain the primary asset, valued at ₹4,330.34 crore as of March 31, 2026.
Annual Earnings Per Share (EPS) declined to -₹0.53 from -₹0.11 in the previous year.

💡 As Hexa Tradex is primarily an investment holding company, investors should focus on the valuation of its underlying portfolio companies rather than standalone operational revenue. The widening losses are a negative signal, but the stock's value remains tied to its substantial ₹3,740 crore net worth.

Hexa Tradex to Close Trading Window from April 1, 2026, for Annual Financial Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 27 Mar 2026, 04:01 PM

Hexa Tradex Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI's Prohibition of Insider Trading Regulations. This closure is ahead of the declaration of the audited financial results for the quarter and year ending March 31, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are made public. This is a standard regulatory procedure for listed companies to ensure market integrity during the financial reporting period.

Trading window closure commences on April 1, 2026.
Closure pertains to the audited standalone and consolidated financial results for FY 2025-26.
Trading restriction applies to all designated persons and their immediate relatives.
Window will reopen 48 hours after the official announcement of the financial results.

💡 No immediate action is required as this is a routine regulatory compliance filing. Investors should await the announcement of the board meeting date for the release of the annual financial results.

Hexa Tradex Appoints New CEO, CFO, and Internal Auditor

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 05 Feb 2026, 04:26 PM

Hexa Tradex Limited has announced a significant leadership restructuring effective February 5, 2026. Mr. Pravesh Srivastava, the current Company Secretary, has been elevated to the position of Chief Executive Officer (CEO & CS). Mr. Pooran Singh, who has 15-20 years of experience and previously served as the Internal Auditor, has been appointed as the new Chief Financial Officer (CFO). Furthermore, M/s KUG & Associates, a firm with over 30 years of experience, has been appointed as the Internal Auditor for the 2026-2027 fiscal year.

Mr. Pravesh Srivastava appointed as CEO and Company Secretary effective February 5, 2026
Mr. Pooran Singh transitioned from Internal Auditor to CFO with 15-20 years of financial experience
M/s KUG & Associates appointed as Internal Auditor for FY 2026-2027, bringing 30+ years of expertise
The leadership changes were approved in a Board meeting held on February 5, 2026, between 3:30 PM and 4:15 PM

💡 Investors should monitor the company's performance under the new leadership team to ensure strategic continuity. As these are internal promotions, the transition is expected to be stable with minimal disruption to operations.

Hexa Tradex Reports Q3 Net Loss of ₹69.82 Lakhs; Delisting Process Nears Completion

🔵 WATCH ⭐ 7/10

EARNINGS 📅 05 Feb 2026, 04:24 PM

Hexa Tradex reported a standalone net loss of ₹69.82 lakhs for the quarter ended December 31, 2025, a sharp decline from a profit of ₹442.41 lakhs in the year-ago period. Total income fell significantly to ₹2.01 lakhs from ₹675.09 lakhs YoY, largely due to the absence of high 'Other Income' seen in the previous year. However, the company recorded a massive Total Comprehensive Income of ₹16,118.54 lakhs, driven by a ₹18,771.17 lakh gain in the fair valuation of non-current investments. Investors should note that the company's delisting process is substantially complete and awaiting final exchange approvals.

Standalone revenue from operations for Q3 FY26 was ₹2.01 lakhs compared to nil in Q3 FY25.
Net loss for the quarter stood at ₹69.82 lakhs versus a profit of ₹442.41 lakhs in the same quarter last year.
Total Comprehensive Income reached ₹16,118.54 lakhs due to significant fair value gains on investments.
Delisting application has been filed with BSE and NSE and is currently pending approval.
A SEBI Show Cause Notice from March 2024 remains pending for disposal following settlement applications.

💡 Existing shareholders should focus on the progress of the delisting application as the company moves toward private status. The operational losses are currently overshadowed by the significant fair value gains in the company's investment portfolio.

Hexa Tradex CEO and CFO Neeraj Kanagat Resigns for PR Jindal Group Role

🟡 NEUTRAL ⭐ 7/10

MANAGEMENT 📅 08 Jan 2026, 04:44 PM

Mr. Neeraj Kanagat has resigned from his dual roles as Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of Hexa Tradex Limited, effective January 9, 2026. He is also stepping down from these positions at the company's material subsidiary, Hexa Securities and Finance Company Limited. This transition is described as part of a restructuring and growth realignment within the PR Jindal Group to foster operational synergies. The company has not yet named a successor for these critical leadership positions.

Mr. Neeraj Kanagat to step down as CEO and CFO effective January 9, 2026
Resignation covers both Hexa Tradex and its material subsidiary, Hexa Securities and Finance Company Limited
Transition is part of a PR Jindal Group-wide restructuring for operational synergies
The move is intended to drive focused execution across various group businesses

💡 Investors should monitor for the announcement of a successor to ensure management continuity. While the transition is internal to the group, the simultaneous vacancy of the CEO and CFO roles warrants close observation.

Hexa Tradex Submits SEBI Compliance Certificate for Q3 FY2025-26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Jan 2026, 03:48 PM

Hexa Tradex Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by RCMC Share Registry Private Limited, confirms that share certificates received for dematerialization during the quarter ended December 31, 2025, were processed correctly. This filing, dated January 06, 2026, confirms that the company has substituted the names of depositories in its records within the stipulated timeframe. This is a standard regulatory requirement for all listed companies in India.

Submission of compliance certificate for the quarter ending December 31, 2025
Verification conducted by RCMC Share Registry Private Limited (RTA)
Confirms compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018

💡 This is a routine administrative update; investors do not need to take any specific action based on this news.

View All HEXATRADEX Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total income from operations grew by 29,734% YoY, reaching INR 677.25 lakhs compared to INR 2.27 lakhs in the previous year. Primary segments include Trading & Other Activities and Investment & Finance.

Geographic Revenue Split

Revenue is derived from national and international trading of goods and services. Specific percentage split by region is not disclosed in available documents.

Profitability Margins

The company achieved a Net Profit Margin of 27.7% for the year under review, with a profit after tax of INR 187.87 lakhs compared to a loss of INR 259.29 lakhs in the previous year.

EBITDA Margin

Core profitability improved significantly as the company moved from a loss of INR 259.29 lakhs to a profit of INR 187.87 lakhs. Standalone EPS for the half-year ended September 30, 2025, was (0.29).

Capital Expenditure

The company maintains a low-asset model with Property, Plant, and Equipment valued at only INR 0.24 lakhs as of September 30, 2025, down from INR 0.27 lakhs in March 2025.

Credit Rating & Borrowing

Total consolidated borrowings stood at INR 1,984.38 lakhs as of September 30, 2025, comprising INR 634.28 lakhs in non-current and INR 1,350.10 lakhs in current borrowings.

⚙️ Operational Drivers

Raw Materials

Wide variety of wholesale products for cash and carry trading; specific commodity names are not disclosed.

Import Sources

Cross-border trading involves global markets; specific countries are not disclosed in available documents.

Capacity Expansion

Not applicable as the company operates in trading and finance rather than manufacturing.

Raw Material Costs

Not disclosed as a percentage of revenue; however, the company faces potential risks from vendor or customer failures impacting procurement costs.

📈 Strategic Growth

Growth Strategy

Growth is driven by the delisting process initiated by acquirers, which is substantially complete. The company also focuses on fair valuation of investments, which contributed INR 83,686.83 lakhs to Other Comprehensive Income.

Products & Services

National and international trading services, acting as import/export agents, brokers, and wholesale traders of various goods.

Market Expansion

Focuses on national and international trading; specific target regions for expansion are not disclosed.

Market Share & Ranking

Operates in an intensely competitive trading industry; specific ranking is not disclosed.

🌍 External Factors

Industry Trends

The industry is shifting toward higher protectionism and tariff barriers, requiring advanced risk management and scenario planning to navigate global trade disruptions.

Competitive Landscape

The trading industry is described as intensely competitive by nature, with risks from both established players and new entrants.

Competitive Moat

Competitive advantage is derived from its association with the Jindal Group and its robust risk management framework, though sustainability is challenged by intense industry competition.

Macro Economic Sensitivity

Highly sensitive to global economic fluctuations; IMF projects global growth at 2.80% for 2025 and 3.00% for 2026.

Geopolitical Risks

Significant exposure to trade tensions and policy uncertainty, particularly regarding unilateral tariffs announced by major trading partners like the United States.

⚖️ Regulatory & Governance

Industry Regulations

Subject to SEBI Listing Obligations and Disclosure Requirements (LODR). Received a warning letter from NSE and BSE on October 14, 2025, regarding Corporate Governance Regulation 18(1)(d) and 20(3).

Taxation Policy Impact

Deferred tax liabilities (net) stood at INR 72,842.39 lakhs as of September 30, 2025. Recognition of profit in OCI was net of taxes.

Legal Contingencies

SEBI issued a Show Cause Notice (SCN) on March 18, 2024, alleging violations of the SEBI Act; the company has filed settlement applications which are currently pending disposal.

⚠️ Risk Analysis

Key Uncertainties

Primary risks include strategic competition, commercial vendor/customer failures, and financial non-payment risks which threaten profitability and margins.