Seya Industries Limited (SEYAIND)
₹12.29 +1.99% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Seya Industries' revenue was ₹0.0 Cr, and net profit ₹-0.7 Cr (a smaller loss than a year earlier).
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | loss narrowed | — |
| Operating profit | ₹-0.7 | loss narrowed | loss widened |
| Net profit | ₹-0.7 | loss narrowed | loss widened |
| EPS (₹) | -0.27 | loss narrowed | loss widened |
SEYAIND exchange data
NSE end-of-day data for
It closed at its upper price band (circuit) on 16 Oct, one of 14 band closes in about the last 20 sessions.
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
Seya Industries Limited has submitted the quarterly certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The confirmation was issued by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited. The filing is signed by the Interim Resolution Professional, reflecting the ongoing Corporate Insolvency Resolution Process (CIRP). This is a purely statutory compliance filing with no impact on operations or financial performance.
- Regulation 74(5) compliance confirmed for the quarter ended September 30, 2026
- Issued by RTA MUFG Intime India Private Limited on October 3, 2026
- Filing signed by Interim Resolution Professional Bhavesh Mansukhbhai Rathod under CIRP
Seya Industries reported zero revenue from operations for the quarter ended June 30, 2026, reflecting continued operational shutdown. Total income stood at ₹3.84 crore (₹383.72 lakhs), entirely derived from other income. Total expenses reached ₹5.09 crore (₹509.36 lakhs), primarily led by depreciation of ₹4.40 crore. The standalone net loss for Q1 FY27 was ₹0.71 crore (₹71.49 lakhs) compared to a loss of ₹1.99 crore in Q1 FY26. The company remains under the Corporate Insolvency Resolution Process (CIRP) initiated by NCLT on November 2, 2023.
- Revenue from operations remained nil (₹0.00) for Q1 FY27.
- Standalone net loss came in at ₹71.49 lakhs compared to ₹198.75 lakhs in Q1 FY26.
- Total income consisted entirely of other income at ₹383.72 lakhs.
- Depreciation and amortisation accounted for ₹440.07 lakhs out of ₹509.36 lakhs total expenses.
- Operations remain under the control of the Interim Resolution Professional (IRP) following NCLT order dated November 2, 2023.
Seya Industries has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (DP) Regulations for the period ended June 30, 2026. The document, issued by MUFG Intime India Private Limited, confirms that share certificates received for dematerialization were processed and updated in the register of members. This is a standard administrative filing and does not impact the company's ongoing financial distress. The company remains under the Corporate Insolvency Resolution Process (CIRP) with zero revenue reported for FY26.
- Compliance certificate issued for the quarter ended June 30, 2026
- RTA confirmed processing of dematerialization requests within prescribed timelines
- Company reported Rs 0 revenue for the TTM period ending March 2026
- Total debt stands at Rs 773 Cr against a market capitalization of only Rs 33 Cr
Ashok G Rajani, on behalf of the promoter group and Persons Acting in Concert (PAC), has submitted a mandatory disclosure under Regulation 31(4) of SEBI (SAST) Regulations. The filing confirms that no additional encumbrances or pledges were created on the shares of Seya Industries Limited during the financial year ending March 31, 2026, beyond what was previously disclosed. This is a routine annual compliance filing; however, the document also notes that the company is currently undergoing a Corporate Insolvency Resolution Process (CIRP).
- Compliance filed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Promoters and PAC confirm no new direct or indirect encumbrances were made during the FY 2025-26 period.
- The disclosure is made on behalf of all promoters and Persons Acting in Concert (PAC).
- The company remains under the Corporate Insolvency Resolution Process (CIRP) as per the communication to the Interim Resolution Professional.
Seya Industries, currently undergoing Corporate Insolvency Resolution Process (CIRP), reported zero revenue from operations for the full year ended March 31, 2026. The company's total income of ₹16.65 crore was derived entirely from other income sources, while it incurred a net loss of ₹2.87 crore, an improvement from the ₹6.31 crore loss in FY25. The balance sheet remains stressed with total borrowings exceeding ₹770 crore and significant stalled projects represented by ₹796.21 crore in Capital Work in Progress. As the powers of the Board are vested with the Interim Resolution Professional (IRP), the company's future depends entirely on the insolvency resolution outcome.
- Revenue from operations stood at zero for both Q4 FY26 and the full fiscal year 2026.
- Net loss for FY26 narrowed to ₹287.41 lakhs compared to a loss of ₹630.69 lakhs in the previous year.
- Total borrowings remain high at approximately ₹772.99 crore (₹696.02 crore non-current and ₹76.97 crore current).
- Capital Work in Progress (CWIP) is recorded at ₹796.21 crore, suggesting significant non-productive assets.
- The company is currently under Corporate Insolvency Resolution Process (CIRP) as per NCLT orders.
Seya Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the Registrar and Transfer Agent (RTA) MUFG Intime India Private Limited, pertains to the quarter ended March 31, 2026. It confirms that securities received for dematerialization were processed and the register of members was updated within the prescribed timelines. This is a standard procedural filing required for all listed companies to ensure the integrity of electronic shareholding.
- Compliance certificate submitted for the quarter ended March 31, 2026
- Issued by RTA MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
- Confirms that physical share certificates were mutilated and cancelled after dematerialization
- Confirms the name of depositories substituted in the register of members within prescribed timelines
Seya Industries Limited has submitted its standalone financial results for the quarter and nine months ended December 31, 2025. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) as per the NCLT order dated November 2, 2023. Due to the CIRP, the Board of Directors' powers are suspended, and the Interim Resolution Professional (IRP) is overseeing the company's affairs. The statutory auditors have completed a limited review of the results without expressing a full audit opinion.
- Standalone financial results submitted for the quarter and nine months ended December 31, 2025.
- Company remains under Corporate Insolvency Resolution Process (CIRP) initiated on November 2, 2023.
- Management and Board powers are currently exercised by the Interim Resolution Professional (IRP).
- Auditors provided a limited review report with no immediate material misstatements noted for the period.
Seya Industries Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited (formerly Link Intime), confirms that share certificates received for dematerialization during the quarter ended December 31, 2025, were processed correctly. The RTA verified that physical certificates were mutilated and cancelled, and the depository's name was updated in the register of members. This filing is a standard procedural requirement for all listed companies in India.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Confirmation provided by Registrar and Transfer Agent (RTA) MUFG Intime India Private Limited.
- Securities received for dematerialization were processed and listed on stock exchanges within prescribed timelines.
- Physical security certificates were mutilated and cancelled after due verification by the depository participant.
Financial Performance
Revenue Growth by Segment
Revenue from operations declined by 100% YoY, falling from INR 805.84 Lakhs in FY 2023-24 to INR 0.00 in FY 2024-25 due to the company being under the Corporate Insolvency Resolution Process (CIRP).
Geographic Revenue Split
Not disclosed in available documents; however, the company is domiciled in India with shares traded on BSE and NSE.
Profitability Margins
Net Profit Margin is not calculable for FY 2024-25 due to zero operational revenue. Net Loss widened by 81.65%, moving from a loss of INR 347.20 Lakhs in FY 2023-24 to a loss of INR 630.69 Lakhs in FY 2024-25.
EBITDA Margin
Operating Profit before Working Capital changes stood at a negative INR 341.52 Lakhs in FY 2024-25, compared to a positive INR 543.05 Lakhs in FY 2023-24, representing a significant deterioration in core operational viability.
Capital Expenditure
Capital expenditure for R&D was INR 0.00 in both FY 2024-25 and FY 2023-24. The Gross Block for Property, Plant, and Equipment included Leasehold Land valued at INR 53,467.26 Lakhs as of April 1, 2023.
Credit Rating & Borrowing
Total borrowings as of March 31, 2025, were INR 77,298.33 Lakhs (approximately INR 773 Cr), up slightly from INR 77,097.84 Lakhs in FY 2023-24. The company has not provided for interest accrued on borrowings from lenders, which is a significant audit concern.
Operational Drivers
Raw Materials
Speciality chemical intermediates (specific chemical names not listed); cost of materials consumed was INR 0.00 in FY 2024-25 due to suspended operations.
Capacity Expansion
No planned expansion disclosed; current focus is on sustaining operations under CIRP and exploring strategic investors for a turnaround.
Raw Material Costs
Raw material costs were 0% of revenue in FY 2024-25 as manufacturing was halted. In FY 2023-24, cost of material consumed was also reported as INR 0.00, suggesting a reliance on existing inventory or toll manufacturing.
Manufacturing Efficiency
Capacity utilization is effectively 0% as revenue from operations was nil for the full year 2024-25.
Strategic Growth
Expected Growth Rate
0%
Growth Strategy
The company is pursuing a turnaround strategy involving the exploration of new opportunities with strategic investors to introduce new product lines and revive operations. Management is focused on cost-cutting, including workforce reduction and deferring all non-essential CapEx.
Products & Services
Speciality Chemicals intermediates used in various industrial applications.
Brand Portfolio
Seya Industries (SEYAIND).
New Products/Services
The company is exploring the introduction of new product lines through strategic investors, though no specific revenue contribution percentages are currently projected.
Strategic Alliances
The company is currently under the management of an Interim Resolution Professional (IRP) and is seeking strategic investors for a turnaround.
External Factors
Industry Trends
The speciality chemicals industry is evolving toward higher-value intermediates, but Seya's positioning is currently compromised by its insolvency status and lack of operational funding.
Competitive Landscape
The company is currently unable to compete in the market due to its CIRP status and zero operational output.
Competitive Moat
The company's moat in speciality chemicals is currently non-functional due to the cessation of manufacturing and the suspension of the Board of Directors.
Macro Economic Sensitivity
Highly sensitive to liquidity and credit availability; the company attributes its current crisis to pandemic-induced factors.
Regulatory & Governance
Industry Regulations
Operations are subject to the Companies Act 2013 and SEBI regulations; however, the Board is currently suspended under the Insolvency and Bankruptcy Code (IBC).
Taxation Policy Impact
The company reported a tax credit/adjustment resulting in a lower Net Loss compared to Profit Before Tax, but specific fiscal policy impacts are not detailed.
Legal Contingencies
The company faces significant legal uncertainties regarding claims and provisions. A major contingency is the non-provision of interest on borrowings from banks and financial institutions, which remains an unquantified liability in the summary snippets.
Risk Analysis
Key Uncertainties
The primary uncertainty is the successful outcome of the CIRP and the ability to find a strategic investor to restart operations, with a 100% impact on business continuity.
Geographic Concentration Risk
Operations are concentrated in MIDC, Tarapur, Palghar, Maharashtra.
Third Party Dependencies
High dependency on the resolution process and potential strategic investors for survival.
Technology Obsolescence Risk
Risk of technology and plant obsolescence increases as the facility remains under-utilized or closed during the CIRP.
Credit & Counterparty Risk
The company itself is a credit risk, currently undergoing insolvency proceedings due to its inability to service debt.
