NK Industries Limited (NKIND)
₹60.02 -0.69% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, NK Industries' revenue was ₹2.3 Cr (-42.1% year on year, -18.1% on the previous quarter), and net profit ₹-0.7 Cr (a smaller loss than a year earlier); the operating margin was -4.9%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹2.3 | -42.1% | -18.1% |
| Operating profit | ₹-0.1 | loss narrowed | to loss |
| Net profit | ₹-0.7 | loss narrowed | loss widened |
| EPS (₹) | -1.09 | loss narrowed | loss widened |
| Operating margin | -4.9% | — | — |
NKIND delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 54.9% of the NKIND shares traded on NSE were taken to delivery, against the stock's own 20-session average of 72.94%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 14.3% · 97.9% · 63.8% · 67.5% · 54.9%
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
NK Industries Limited has submitted its confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 3, 2026. It confirms that share certificates received for dematerialisation during the quarter were duly processed, confirmed to depositories, and listed on stock exchanges. This is a routine quarterly compliance submission with no material operational or financial impact.
- Regulation 74(5) compliance submitted for the quarter ended September 30, 2026
- RTA confirmation certificate dated October 3, 2026
- Issued by MUFG Intime India Private Limited (SEBI Reg No. INR000004058)
- Filing submitted to exchanges on October 8, 2026
NK Industries Limited announced that its 38th Annual General Meeting (AGM) will be held via Video Conferencing on September 23, 2026, at 11:30 AM IST. The company has fixed September 16, 2026, as the cut-off date to determine member eligibility for voting. The share transfer books and register of members will remain closed from September 17, 2026, to September 23, 2026. Remote e-voting is scheduled to take place from September 20, 2026, to September 22, 2026.
- 38th Annual General Meeting scheduled for September 23, 2026
- Cut-off date for e-voting eligibility set as September 16, 2026
- Book closure period runs from September 17, 2026, to September 23, 2026
- Remote e-voting window open between September 20, 2026, and September 22, 2026
NK Industries Limited has issued the notice for its 38th Annual General Meeting (AGM) scheduled for September 23, 2026, via video conferencing, with the e-voting cut-off date fixed for September 16, 2026. Key agenda items include adopting the FY26 audited standalone and consolidated financial statements and re-appointing director Mr. Hasmukhbhai Patel. The company is also seeking shareholder approval for related party transactions with NK Proteins Private Limited up to Rs 200 crore per annum and approving CMD Nimish Patel's remuneration of up to Rs 50 lakh per annum through March 31, 2028.
- 38th Annual General Meeting scheduled for September 23, 2026, at 11:30 AM via Video Conferencing.
- Cut-off date for e-voting entitlement fixed as September 16, 2026.
- Proposed approval for related party transactions with NK Proteins Private Limited up to Rs 200 crore per annum.
- Proposed approval for Chairman & MD Nimish Patel's remuneration up to Rs 50,00,000 per annum until March 31, 2028.
NK Industries reported a standalone net loss of ₹64.45 Lakhs for Q1 FY27, a significant increase from the ₹30.37 Lakhs loss in the year-ago period. The company's financial position remains critical with consolidated accumulated losses reaching ₹358.28 Cr, resulting in a deeply negative net worth. Auditors continue to qualify the results due to unconfirmed NSEL-related trade balances and the attachment of the company's land, building, and machinery by the Maharashtra Home Department under the MPID Act. The company's survival as a 'going concern' is currently based on management's revival efforts despite these severe legal and financial constraints.
- Standalone net loss for Q1 FY27 widened to ₹64.45 Lakhs compared to ₹30.37 Lakhs in Q1 FY26.
- Consolidated accumulated losses reached ₹35,828.19 Lakhs (₹358.28 Cr) as of June 30, 2026.
- Total standalone income for the quarter was ₹75.68 Lakhs, which is approximately 5.8% of the TTM revenue of ₹13 Cr.
- Core assets including land, building, and plant & machinery remain attached under the MPID Act, with the next legal hearing set for September 10, 2026.
- Subsidiary operations (Banpal Oilchem and NK Oil Mills) contributed a combined revenue of ₹150.55 Lakhs for the quarter.
NK Industries has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by the Registrar and Share Transfer Agent (RTA), MUFG Intime India Pvt. Ltd., confirms that all dematerialization requests for the quarter ended June 30, 2026, were processed within prescribed timelines. This filing confirms that physical share certificates received were mutilated and cancelled, and the names of depositories were updated in the register of members. This is a standard administrative procedure for listed companies in India.
- Compliance certificate covers the quarter ended June 30, 2026
- Confirmation received from RTA MUFG Intime India Pvt. Ltd. dated July 1, 2026
- Verification that security certificates were mutilated and cancelled after dematerialization
- Confirmation that securities are listed on the stock exchanges where earlier securities were listed
NK Industries Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Prohibition of Insider Trading Regulations. This closure is in anticipation of the financial results for the quarter ending June 30, 2026. The window will remain shut for all designated persons, including directors and KMPs, until 48 hours after the results are officially declared. This is a standard regulatory procedure followed by listed companies in India.
- Trading window closure begins on July 1, 2026
- Closure pertains to the financial results for the quarter ended June 30, 2026
- Window to reopen 48 hours after the declaration of financial results
- Restriction applies to Directors, KMPs, Designated Employees, and Auditors
Promoters of NK Industries Limited have filed their annual disclosure under SEBI Takeover Regulations for the financial year ended March 31, 2026. The promoter group, including Nimish Keshavlal Patel and associated entities, confirmed a total holding of 4,403,754 equity shares. Significantly, the declaration states that no shares were encumbered or pledged, directly or indirectly, during the reporting period. This filing provides assurance to shareholders regarding the stability of the promoter's equity position.
- Promoter and Promoter Group hold a total of 4,403,754 equity shares as of March 31, 2026.
- Declaration confirms zero encumbrance (pledging) of shares during the financial year 2025-26.
- Compliance submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The promoter group comprises 11 individuals and 2 entities, including N. K. Proteins Private Limited and Nkpl Realty LLP.
Nimish Keshavlal Patel, representing the promoter group of NK Industries Limited, has submitted a formal declaration under SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoter group collectively holds 4,403,754 equity shares in the company. The disclosure confirms that no shares were encumbered, directly or indirectly, during the entire financial year. This annual compliance filing provides transparency regarding the status of promoter holdings and debt-related risks.
- Promoter group holds a total of 4,403,754 equity shares as of March 31, 2026.
- Declaration confirms zero encumbrances or pledges were created during the 2025-26 financial year.
- Compliance submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The filing was submitted to both the National Stock Exchange (NSE) and BSE Limited.
NK Industries reported a standalone net loss of ₹277.35 lakhs for the fiscal year ended March 31, 2026, compared to a loss of ₹314.63 lakhs in the previous year. Annual revenue remained stagnant at ₹240 lakhs, while the company continues to struggle with a massive negative net worth of over ₹513 crore. The auditors have issued a modified opinion due to ongoing legal disputes involving the NSEL scam, asset attachments under the MPID Act, and PMLA investigations. The company's financial health remains critical with significant legal and regulatory overhangs.
- Standalone annual revenue for FY26 remained flat at ₹240.00 lakhs compared to the previous year.
- Net loss for the full year narrowed slightly to ₹277.35 lakhs from ₹314.63 lakhs in FY25.
- The company's Other Equity is deeply negative at ₹51,377.79 lakhs, indicating total erosion of net worth.
- Auditors issued a modified opinion citing pending litigations and attachment of plant and machinery by the Government of Maharashtra.
- Q4 FY26 revenue saw a 32% year-on-year decline to ₹60.00 lakhs from ₹88.28 lakhs in Q4 FY25.
NK Industries Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Pvt. Ltd., confirms that share certificates received for dematerialization during the quarter ended March 31, 2026, were processed within mandated timelines. It verifies that physical security certificates were mutilated and cancelled after verification, and depository names were updated in the register of members. This is a standard procedural filing required by all listed companies in India.
- Compliance certificate submitted for the quarter and year ended March 31, 2026.
- Registrar MUFG Intime India Pvt. Ltd. confirmed processing of all dematerialization requests.
- Physical certificates were mutilated and cancelled after due verification per SEBI norms.
- The filing ensures the integrity of the company's shareholding records in electronic format.
NK Industries Limited has announced that its trading window will be closed starting April 1, 2026, in preparation for the financial results for the year ending March 31, 2026. This closure is a standard regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the financial results are officially declared. This is a routine procedure to ensure no insider trading occurs before sensitive financial information is public.
- Trading window closure effective from April 1, 2026.
- Closure pertains to the financial results for the year ending March 31, 2026.
- Restriction applies to Directors, KMPs, Designated Employees, and Auditors.
- Trading window will reopen 48 hours after the declaration of financial results.
NK Industries Limited has officially appointed Ms. Ashna Harishkumar Pahwa as the Company Secretary and Compliance Officer, effective March 13, 2026. This appointment is intended to fill a casual vacancy created by the resignation of the previous officer. The company issued a corrigendum on March 16, 2026, to correct clerical errors in the initial filing regarding the designation and reason for appointment. Ms. Pahwa is a qualified Company Secretary with B.Com and LLB credentials.
- Appointment of Ms. Ashna Harishkumar Pahwa (Membership No. A56002) as CS and Compliance Officer.
- The appointment became effective on March 13, 2026, to fill a casual vacancy.
- Corrigendum issued to correct administrative errors in the initial disclosure dated March 13, 2026.
- Ms. Pahwa holds professional qualifications including CS, B.Com, and LLB.
NK Industries Limited has appointed Ms. Ashna Harishkumar Pahwa as the Company Secretary and Compliance Officer effective March 13, 2026. The appointment was approved during a Board Meeting held from 3:30 P.M. to 5:00 P.M. following recommendations from the Nomination & Remuneration Committee. Ms. Pahwa is a qualified member of the Institute of Company Secretaries of India (M.no. A56002) with expertise in corporate governance and regulatory matters. This move ensures the company maintains its regulatory compliance under SEBI (LODR) Regulations.
- Ms. Ashna Harishkumar Pahwa (M.no. A56002) appointed as Company Secretary and Compliance Officer.
- The appointment is effective from March 13, 2026, following a Board Meeting on the same day.
- The appointee is a member of the Institute of Company Secretaries of India with experience in corporate laws.
- The Board Meeting for the approval process lasted 90 minutes, concluding at 5:00 P.M.
NK Industries reported a net loss of ₹69.55 lakhs for the quarter ended December 31, 2025, compared to a loss of ₹14.56 lakhs in the same period last year. Total income remained stagnant at ₹73.38 lakhs, while the company continues to struggle with a severely eroded net worth and accumulated losses of ₹51,103.89 lakhs. The company remains embroiled in significant legal battles, including a ₹937 crore claim related to the NSEL scam and asset attachments under the MPID and PMLA acts. Auditors have issued a qualified opinion, stating they cannot quantify the final financial impact of these sub-judice matters.
- Net Loss widened to ₹69.55 lakhs in Q3 FY26 from ₹14.56 lakhs in Q3 FY25.
- Total Income for the quarter was nearly flat at ₹73.38 lakhs compared to ₹71.17 lakhs YoY.
- Company faces a massive legal claim of approximately ₹937 crores plus interest related to NSEL recovery proceedings.
- Accumulated reserves stand at a deeply negative ₹51,103.89 lakhs, indicating severe financial distress.
- Key operational assets including land and machinery remain attached by the ED and Maharashtra Government under PMLA and MPID acts.
NK Industries Limited has approved its unaudited standalone and consolidated financial results for the quarter and nine-month period ended December 31, 2025. The board meeting, held on February 4, 2026, also reviewed and accepted the Limited Review Report provided by the auditors. This announcement is a standard regulatory requirement under SEBI (LODR) Regulations. Investors should now examine the specific financial tables to assess the company's revenue and profit performance for the quarter.
- Board approved unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
- The Limited Review Report for the nine-month period was formally taken on record.
- The board meeting commenced at 3:30 P.M. and concluded at 5:00 P.M. on February 4, 2026.
- Compliance maintained with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
Revenue Growth by Segment
Consolidated revenue for the quarter and half-year ended September 30, 2025, was reported at INR 317.87 lakhs, primarily driven by subsidiary operations. Specific segment-wise growth percentages are not disclosed in the provided interim results.
Geographic Revenue Split
Not disclosed in available documents; however, operations are centered in Ahmedabad, Gujarat, with subsidiaries like Banpal Oilchem and NK Oil Mills.
Profitability Margins
The company is experiencing severe margin pressure, reporting a consolidated net loss after tax of INR 48.61 lakhs for the half-year ended September 30, 2025. Profitability is hindered by massive accumulated losses of INR 35,403.93 lakhs, representing a 0.53% increase in accumulated losses from the INR 35,218.23 lakhs reported on March 31, 2025.
EBITDA Margin
Not explicitly disclosed, but core profitability is negative as evidenced by the net loss of INR 48.61 lakhs against a revenue of INR 317.87 lakhs, suggesting an operating loss environment.
Capital Expenditure
Historical and planned CAPEX is not specified; however, the company is focused on business revival rather than expansion, with a negative net worth limiting investment capacity.
Credit Rating & Borrowing
The company faces significant financial distress with non-current trade payables (other than MSME) amounting to INR 2,23,264.70 lakhs as of September 30, 2025. Credit ratings are not provided, but the 'Going Concern' uncertainty suggests high borrowing risk.
Operational Drivers
Raw Materials
Vegetable oils and oilseeds (implied by subsidiary names Banpal Oilchem and NK Oil Mills). Specific percentage of total cost is not disclosed.
Key Suppliers
Not disclosed; however, historical transactions were heavily linked to N.K. Proteins Private Limited (a group company).
Capacity Expansion
Current installed capacity is not disclosed. No expansion plans are mentioned as the management is currently focused on the 'revival of the business' and recovering from a negative net worth position.
Raw Material Costs
Not disclosed as a specific line item, but the company is struggling with the fair value of investments in subsidiaries, only making impairment provisions for Tirupati Retail India Pvt Ltd.
Manufacturing Efficiency
Not disclosed; however, the loss-making status of subsidiaries Banpal Oilchem and NK Oil Mills suggests low operational efficiency or underutilization.
Strategic Growth
Growth Strategy
The strategy focuses on the revival of loss-making subsidiaries (Banpal Oilchem and NK Oil Mills) through improved profitability and sincere efforts in business restructuring. The management aims to recover accumulated losses of INR 35,403.93 lakhs through future cash flow projections and avoiding further impairment of subsidiary investments.
Products & Services
Edible oils, industrial oils, and castor oil derivatives (implied by 'Oil Mills' and 'Oilchem' subsidiaries).
New Products/Services
No new product launches mentioned; focus is on stabilizing existing oil-related operations.
Market Expansion
Not disclosed; current focus is on internal financial restructuring and legal compliance.
Strategic Alliances
Joint Venture with AWN Agro Private Limited, though the company claims no current control over it.
External Factors
Industry Trends
The edible oil and oilchem industry is evolving with stricter regulatory oversight. NKIND is currently positioned poorly due to historical legal entanglements (NSEL) and is struggling to maintain its 'going concern' status while the industry moves toward consolidation.
Competitive Landscape
Competes with other edible oil and castor oil processors; however, financial distress places it at a significant disadvantage compared to solvent peers.
Competitive Moat
The company currently lacks a visible moat due to its negative net worth and significant legal liabilities. Its survival depends entirely on the successful execution of its revival plan and favorable legal outcomes.
Macro Economic Sensitivity
Highly sensitive to regulatory actions and legal rulings regarding the NSEL scam and income tax disputes.
Regulatory & Governance
Industry Regulations
Operations are subject to the Companies Act 2013, SEBI Listing Regulations, and Ministry of Consumer Affairs directions (which led to the NSEL suspension).
Taxation Policy Impact
The company faces a specific Income Tax demand of INR 86.00 lakhs following a survey u/s 133 and special audit u/s 142(2A) for AY 2011-12 and 2012-13.
Legal Contingencies
Significant pending litigations include cases with Income Tax and Sales Tax authorities. A major contingency involves the NSEL financial arrangement through N.K. Proteins Private Ltd, with trade payables/receivables subject to confirmation and reconciliation following the 2013 trading suspension.
Risk Analysis
Key Uncertainties
The primary risk is the 'Material Uncertainty Related to Going Concern' due to accumulated losses of INR 35,403.93 lakhs and negative net worth. Potential impact is 100% of equity value if revival fails.
Geographic Concentration Risk
Operations and subsidiaries are primarily based in Gujarat, India.
Third Party Dependencies
Heavy dependency on NSEL for settlement of historical trades and on the management of N.K. Proteins Private Ltd (Group Company).
Technology Obsolescence Risk
Not a primary risk compared to financial and legal risks, but lack of CAPEX may lead to aging manufacturing facilities in subsidiaries.
Credit & Counterparty Risk
High risk associated with trade receivables from NSEL-related concerns which are subject to confirmation and have been pending since 2013.
