Shreyas Intermediates Ltd (526335)
🎯 Key Takeaways
- Shreyas Intermediates Ltd appears to be in a distressed phase, marked by persistent losses, negative ROE and ROCE, and near-zero revenue generation in recent quarters. The company has transitioned from limited operations to near-total revenue collapse, with financial performance deteriorating sharply over the past year.
- ⚠️ Persistent operational shutdown with revenue nearly vanished and no signs of revival.
- Market Cap
- ₹45
- P/B Ratio
- 4.08
- ROE
- -9.6%
- ROCE
- -5.7%
- Debt/Equity
- 0.70
- Promoter
- 57.2%
📖 The Story
Shreyas Intermediates Ltd appears to be in a distressed phase, marked by persistent losses, negative ROE and ROCE, and near-zero revenue generation in recent quarters. The company has transitioned from limited operations to near-total revenue collapse, with financial performance deteriorating sharply over the past year. Its current trajectory reflects operational stagnation and mounting financial stress, with no visible signs of recovery in the near term.
📰 What's Happening
Management has not announced any new strategic initiatives or operational expansions in recent filings. The company continues to operate with minimal revenue, reporting ₹10 lakh in September 2025 and ₹6 lakh in June 2025, down from negligible figures in subsequent quarters. There are no indications of new product launches, capacity additions, or customer acquisitions. The absence of operational updates suggests stagnation in core business activities, with no visible catalysts for revival.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 6 | 10 | 0 | 0 | 0 |
| Operating Profit | -0 | -0 | -1 | -0 | -0 |
| OPM % | -7.3% | -3.5% | — | — | — |
| Net Profit | -0 | -0 | -0 | -0 | -0 |
| EPS | ₹-0.05 | ₹-0.03 | ₹-0.05 | ₹-0.04 | ₹-0.02 |
The company's financial trajectory shows a steep decline in revenue and profitability, with revenue collapsing from ₹10 lakh in September 2025 to ₹0 in the following quarters. Operating losses persist despite minimal revenue, indicating high fixed costs or structural inefficiencies. The consistent negative EPS and deteriorating margins suggest no near-term path to profitability, with financial performance increasingly disconnected from operational reality.
🔮 Management Outlook & What's Next
There is no available forward guidance or explicit outlook from management in the latest filings. Previous disclosures have focused on routine financial reporting without strategic commentary or future projections. The lack of guidance reflects uncertainty in the company's trajectory and suggests management may be operating in a reactive, rather than proactive, mode amid ongoing operational challenges.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 75 | 75 | 71 | 75 |
| Reserves | -58 | -58 | -60 | -59 |
| Borrowings | 8 | 8 | 8 | 8 |
| Total Liabilities | 27 | 27 | 25 | 26 |
| Fixed Assets | 15 | 15 | 13 | 14 |
| Investments | 1 | 1 | 1 | 1 |
| Total Assets | 27 | 27 | 25 | 26 |
The balance sheet reveals a stable but minimal capital structure with negligible debt (₹8 lakh borrowings) and shrinking equity base adjusted by reserves. Total assets have declined slightly, indicating asset erosion or devaluation, while equity remains marginally positive due to retained reserves. There is no evidence of capital expenditure or strategic investment, suggesting conservative capital allocation with no aggressive reinvestment or deleveraging efforts underway.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating | +1 | +1 |
| Investing | -1 | -1 |
| Financing | 0 | 0 |
| Net Cash Flow | 0 | +0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 57.2% | 57.2% | 57.2% | 57.2% |
| FII | 8.4% | 8.4% | 8.4% | 8.4% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 7.8% | 7.8% | 7.8% | 7.8% |
| # Shareholders | 6,544 | 6,761 | 6,693 | 6,694 |
Promoter holding remains stable at 57.21%, indicating no immediate exit plans. However, Foreign Institutional Investors (FII) have maintained a minimal stake of 8.39% with no signs of accumulation, while Domestic Institutional Investors (DII) hold 0%. The shrinking shareholder base and stagnant institutional interest signal declining confidence. The lack of DII participation and flat promoter stake raise concerns about liquidity and long-term governance stability.
⚖️ Peer Comparison — Chemicals
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| PIDILITIND | 1.50 L Cr | 56.5 | 33.4% | — | 0.01 |
| SRF | 72,171 | 33.4 | 15.6% | — | 0.36 |
| LINDEINDIA | 52,799 | 96.6 | 17.5% | — | 0.00 |
| FLUOROCHEM | 48,503 | 79.3 | 9.6% | — | 0.34 |
| NAVINFLUOR | 42,232 | 53.4 | 22.2% | — | 0.31 |
| GODREJIND | 35,513 | 30.2 | 9.2% | — | 4.57 |
| HSCL | 33,663 | 41.8 | 20.7% | — | 0.16 |
| AETHER | 23,246 | 98.6 | 13.8% | — | 0.08 |
| DEEPAKNTR | 20,783 | 26.5 | 15.3% | — | 0.26 |
| CASTROLIND | 19,792 | 18.6 | 76.2% | — | 0.00 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Persistent operational shutdown with revenue nearly vanished and no signs of revival. 2. Negative profitability metrics (ROE: -8.6%, ROCE: -5.3%) reflecting deep financial distress. 3. Absence of institutional investor interest beyond passive promoter holding, signaling lack of market confidence. 4. No disclosed restructuring, fundraising, or turnaround strategy despite clear signs of business deterioration.
📋 Recent Filings
- 🔴 Insider Trading2026-09-30Aegis Investment Fund PCC sold 15.62 lakh shares of Shreyas Intermediates Ltd on the BSE, reducing its stake from 8.39% to 6.19% of total voting capit…
- 🔴 Insider Trading2026-09-30Aegis Investment Fund PCC sold 15.62 lakh shares of Shreyas Intermediates Ltd on the BSE, reducing its stake from 8.39% to 6.19% of total voting capit…
- 🟡 Board Meeting2026-09-29Shreyas Intermediates Limited announced voting results for its 37th Annual General Meeting held on 28 September 2026 via video conferencing. Sharehold…
- 🟡 voting results2026-09-29At the 28 September 2026 AGM, shareholders approved the annual financial statements and reappointed a director with 107 votes in favour and 573,00783 …
- 🟡 Board Meeting2026-09-28Shreyas Intermediates held its 37th AGM on 28 September 2026 via video conference, adopting standalone financial statements for FY2026 and appointing …
- Announcement2026-09-28Shreyas Intermediates Ltd announced the closure of its insider trading window effective 1 October 2026, lasting until 48 hours after the un-audited Q3…
- 🔴 annual report2026-09-05Shreyas Intermediates Limited filed its 37th Annual Report for FY 2025-26 on 05/09/2026, confirming the 37th AGM will be held on 28/09/2026 via VC/OAV…
🧠 Analyst's Read
The company is in a critical phase of operational and financial decline with no visible path to recovery. Investors should monitor for any strategic shifts, asset sales, or management changes that might signal a turnaround, but current indicators suggest continued stagnation. The lack of institutional interest and deteriorating fundamentals warrant extreme caution.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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