Alexander Stamps FY26 loss widens, auditors issue disclaimer
Alexander Stamps and Coin Limited reported a net loss of ₹1.62 lakh for FY26 as revenue fell to ₹27.23 lakh. Auditors issued a disclaimer of opinion citing missing investment documents and inventory valuation issues.
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Alexander Stamps and Coin Limited reported a net loss of ₹1.62 lakh for the financial year ended March 31, 2026, as revenue from operations declined to ₹27.23 lakh from ₹44.47 lakh in the previous year. The company's board approved the standalone audited financial results for the fourth quarter and financial year ended March 31, 2026, at a meeting held on May 27, 2026. The financial performance reflects a continued contraction in business operations, with total expenses for the year recorded at ₹28.85 lakh.
Financial Performance
For the quarter ended March 31, 2026, the company reported a net loss of ₹1.11 lakh on revenue of ₹6.10 lakh. In comparison, the corresponding quarter in the previous year saw a loss of ₹3.70 lakh on revenue of ₹11.62 lakh. Total assets stood at ₹1,769.36 lakh as of March 31, 2026, slightly lower than ₹1,770.94 lakh a year ago. The company's cash and cash equivalents decreased to ₹4.05 lakh from ₹10.73 lakh at the end of FY25.
| Metric | FY26 (₹ in Lakhs) | FY25 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 27.23 | 44.47 |
| Total expenses | 28.85 | 48.30 |
| Net profit/(loss) | (1.62) | (3.82) |
| Earnings per share (Basic) | (0.002) | (0.004) |
Auditor's Disclaimer and Material Uncertainties
M Sahu & Co., Chartered Accountants, issued a disclaimer of opinion on the financial results, citing an inability to obtain sufficient appropriate audit evidence. The auditors highlighted three key areas of concern: non-current investments of ₹113.67 lakh for which requisite documents are unavailable, an outstanding income tax demand of ₹357.63 lakh for the assessment year 2017-2018 for which no provision has been made, and inventories valued at ₹1,649.89 lakh based on a valuation report dated May 8, 2023. The auditors noted they could not ascertain the impact of deviations in inventory valuation as per Ind AS 2.
Going Concern Risks
The financial statements indicate significant material uncertainty regarding the company's ability to continue as a going concern. Non-moving inventories amounting to ₹1,641.62 lakh represent 92.74% of the company's total assets. Management stated it has revised its business strategy to adopt an "assets light" model to mitigate these risks. The board also appointed M/s. Lookman Mansuri & Associates, Chartered Accountants, as the internal auditor for the financial year 2026-27.
Historical Stock Returns for Alexander Stamps & Coin
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.23% | +6.09% | -6.43% | -9.30% | -37.82% | -44.50% |
What specific measures will the company implement to transition to an 'assets light' model given that non-moving inventories comprise over 92% of total assets?
How does the company plan to address the outstanding income tax demand of ₹357.63 lakh for assessment year 2017-18, and what potential legal liabilities could arise?
Will the company be able to liquidate the ₹1,649.89 lakh of inventory currently flagged by auditors, or will it require significant write-downs in the coming year?
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