BKM Industries FY26 Net Loss ₹1,308.36 Lakhs; Assets Surge
BKM Industries Limited reported a standalone net loss of ₹1,308.36 lakhs for FY26 against a loss of ₹556.69 lakhs in FY25. Total income rose to ₹69.04 lakhs, while total assets surged to ₹5,535.28 lakhs driven by PPE revaluation. Total equity turned positive at ₹2,717.82 lakhs.
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BKM Industries Limited held its Board of Directors meeting on May 18, 2026, wherein the board considered and approved the Standalone Audited Financial Statements for the financial year ended March 31, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company, formerly known as Manaksia Industries Ltd., is engaged in the manufacture of Packaging and Engineering Products and is registered at Commerce House, 2A, G. C. Avenue, Room No. 11, 2nd Floor, Kolkata-700013. The financial results were reviewed by the Audit Committee and approved by the Board, with statutory auditors Prabhat & Co., Chartered Accountants (FRN: 010458C), expressing an unqualified audit opinion.
Financial Performance Overview
BKM Industries reported a standalone net loss of ₹1,308.36 lakhs for the full financial year ended March 31, 2026, compared to a net loss of ₹556.69 lakhs in the previous year. Total income from operations for FY26 stood at ₹69.04 lakhs, against ₹20.61 lakhs in FY25, driven by revenue from operations of ₹67.19 lakhs and other income of ₹1.84 lakhs. Total expenses for the year amounted to ₹485.61 lakhs, resulting in a loss before tax of ₹416.57 lakhs. A significant deferred tax expense of ₹891.79 lakhs was recorded during the year, contributing to the widened net loss. However, Other Comprehensive Income (OCI) of ₹4,498.75 lakhs — primarily on account of remeasurement of net defined benefit liability/asset — resulted in a total comprehensive income of ₹3,190.39 lakhs for FY26, compared to a total comprehensive loss of ₹556.69 lakhs in FY25.
The following table summarises the standalone financial performance for the quarter and full year:
| Metric: | Q4 FY26 (Audited) | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | FY26 (Audited) | FY25 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations (₹ lakhs): | 66.44 | 0.76 | - | 67.19 | 6.10 |
| Other Income (₹ lakhs): | 1.05 | 0.30 | 224.20 | 1.84 | 14.51 |
| Total Income (₹ lakhs): | 67.49 | 1.06 | 224.20 | 69.04 | 20.61 |
| Total Expenses (₹ lakhs): | 239.61 | 87.63 | 116.29 | 485.61 | 535.62 |
| Loss Before Tax (₹ lakhs): | (172.12) | (86.57) | 107.91 | (416.57) | (515.01) |
| Total Tax Expenses (₹ lakhs): | 891.79 | - | 41.68 | 891.79 | 41.68 |
| Net Profit/(Loss) (₹ lakhs): | (1,063.91) | (86.57) | 66.23 | (1,308.36) | (556.69) |
| Other Comprehensive Income (₹ lakhs): | 4,498.75 | - | - | 4,498.75 | - |
| Total Comprehensive Income/(Loss) (₹ lakhs): | 3,434.84 | (86.57) | 66.23 | 3,190.39 | (556.69) |
| Basic & Diluted EPS (₹): | (10.19) | (7.01) | 5.36 | (38.80) | (45.07) |
Balance Sheet Highlights
The company's total assets expanded significantly to ₹5,535.28 lakhs as at March 31, 2026, from ₹1,129.93 lakhs in the previous year. This sharp increase was primarily driven by a rise in Property, Plant and Equipment (PPE) to ₹5,244.49 lakhs from ₹693.83 lakhs, following the revaluation of PPE at its Silvassa and Bankura units on March 27, 2026, conducted through a Registered Valuer in accordance with Ind AS 16, with the revaluation surplus credited to the Revaluation Reserve. Total equity turned positive at ₹2,717.82 lakhs, compared to a negative equity of ₹(172.57) lakhs in FY25, supported by an increase in paid-up equity share capital to ₹212.35 lakhs and other equity of ₹2,505.47 lakhs. The improvement in equity was also aided by the issuance of 2,00,00,000 equity shares of ₹1 each to the promoter company on February 21, 2026, pursuant to the order of the National Company Law Tribunal (NCLT) dated September 19, 2023, under the approved restructuring plan.
| Balance Sheet Item: | FY26 (₹ lakhs) | FY25 (₹ lakhs) |
|---|---|---|
| Property, Plant & Equipment: | 5,244.49 | 693.83 |
| Total Non-Current Assets: | 5,252.71 | 695.82 |
| Total Current Assets: | 282.56 | 434.11 |
| Total Assets: | 5,535.28 | 1,129.93 |
| Equity Share Capital: | 212.35 | 12.35 |
| Other Equity: | 2,505.47 | (184.92) |
| Total Equity: | 2,717.82 | (172.57) |
| Deferred Tax Liabilities (Net): | 889.97 | - |
| Current Borrowings: | 1,845.82 | 1,280.30 |
| Total Equity and Liabilities: | 5,535.28 | 1,129.93 |
Cash Flow and Key Ratios
On the cash flow front, net cash flows from operating activities stood at ₹1.31 lakhs for FY26, a significant improvement from a net cash outflow of ₹(961.21) lakhs in FY25. Net cash used in investing activities was ₹(111.08) lakhs, while net cash from financing activities was ₹97.38 lakhs. Closing cash and cash equivalents stood at ₹1.73 lakhs, compared to ₹14.13 lakhs at the start of the year. Key financial ratios for FY26 reflect the company's ongoing financial stress, with a debt-equity ratio of 1.45, a current ratio of 0.15, and a net worth of ₹2,717.82 lakhs. The operating EBITDA margin stood at -265.59% and the net profit margin at -1,947.11% for FY26. The debt service coverage ratio and interest service coverage ratio were both at -1.48 for the full year, reflecting negative EBIT due to operating losses.
| Key Ratio: | FY26 | FY25 |
|---|---|---|
| Debt Equity Ratio: | 1.45 | -7.34 |
| Debt Service Coverage Ratio: | -1.48 | -24.40 |
| Interest Service Coverage Ratio: | -1.48 | -24.40 |
| Current Ratio: | 0.15 | 0.33 |
| Total Debts to Total Assets: | 0.33 | 1.13 |
| Operating EBITDA Margin (%): | -265.59 | -6826.78 |
| Net Profit Margin (%): | -1947.11 | -9131.96 |
| Net Worth (₹ lakhs): | 2,717.82 | -172.57 |
Corporate and Regulatory Notes
The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. As the company operates in only one business segment, segment reporting under Ind AS 108 is not applicable. The results are available on the BSE Limited, National Stock Exchange of India Limited, Calcutta Stock Exchange Limited, and the company's website. The intimation was signed by Amit Singh, Whole-Time Director (DIN: 11003471), and Dayaan Habib Farooqui, Whole-Time Director (DIN: 10489051), on behalf of BKM Industries Limited.
Will BKM Industries be able to generate sufficient revenue from its Silvassa and Bankura manufacturing units to reduce its operating losses, given that FY26 revenue from operations was only ₹67.19 lakhs against total expenses of ₹485.61 lakhs?
How will the company address its critically low current ratio of 0.15 and current borrowings of ₹1,845.82 lakhs, and what refinancing or debt restructuring measures are being considered to prevent a liquidity crisis?
Following the NCLT-approved restructuring plan and the issuance of 2 crore equity shares to the promoter, what are the promoter's strategic plans to revive BKM Industries' core packaging and engineering products business?
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