Sanwaria Consumer Ltd (SANWARIA)
🎯 Key Takeaways
- Sanwaria Consumer Ltd is in a terminal distress phase, with no operational revival underway and liquidation proceedings actively progressing. The company continues to operate without revenue generation, posting consistent losses and negative cash flows, while insolvency resolution remains unresolved.
- Revenue grew 0% QoQ to ₹0 in Q1FY27.
- ⚠️ The company is under formal insolvency resolution with liquidation proceedings underway and no approved revival plan, making continuation as a going c
- Market Cap
- ₹36
- P/B Ratio
- -0.06
- ROE
- 0.7%
- ROCE
- -1.6%
- Debt/Equity
- -1.50
- Promoter
- 12.4%
📖 The Story
Sanwaria Consumer Ltd is in a terminal distress phase, with no operational revival underway and liquidation proceedings actively progressing. The company continues to operate without revenue generation, posting consistent losses and negative cash flows, while insolvency resolution remains unresolved. Management has not presented a credible restructuring or restructuring plan with creditor approval.
📰 What's Happening
The most recent development was the board's approval of unaudited standalone and consolidated financial results for Q1 FY2026 on August 13, 2026, following a limited review by auditors that found no material misstatements. These results, filed on August 13, 2026, confirm ongoing losses and zero revenue. Earlier, on April 21, 2026, the company submitted a compliance certificate regarding share transfers under SEBI regulations, referencing the 2020 NCLT insolvency resolution order, indicating prolonged legal and administrative oversight. There has been no announcement of new orders, expansion, or operational restart.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| Operating Profit | -1 | -1 | -1 | -2 | -1 |
| OPM % | -500.0% | -411.1% | -348.1% | -707.4% | -329.6% |
| Net Profit | -1 | -1 | -1 | -1 | -1 |
| EPS | ₹-0.02 | ₹0.02 | ₹-0.01 | ₹-0.02 | ₹0.01 |
The company has reported zero revenue for the last six quarters, with operating losses widening in absolute terms and margins remaining deeply negative, reflecting complete operational shutdown. Net losses persist quarter-on-quarter, and earnings per share remains near zero or slightly negative, indicating no path to profitability. Despite minor fluctuations in reserve balances, the financial trajectory shows no improvement in fundamentals, consistent with the company being under liquidation with no active business operations.
🔮 Management Outlook & What's Next
Management has not provided any forward-looking guidance or strategic outlook in the recent filings. There is no indication of revival plans, new business initiatives, or timelines for resolution of insolvency proceedings. The absence of any commentary on future operations or recovery suggests a lack of confidence in returning to profitability.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|---|
| Equity Capital | 74 | 74 | 74 | 74 | 74 |
| Reserves | -670 | -669 | -668 | -674 | -672 |
| Borrowings | 899 | 899 | 899 | 899 | 899 |
| Total Liabilities | 335 | 336 | 337 | 330 | 311 |
| Fixed Assets | 65 | 66 | 68 | 60 | 63 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 335 | 336 | 337 | 330 | 311 |
The balance sheet shows stable but highly leveraged capital structure, with total assets declining slightly over time and equity remaining minimal at ₹74 lakhs, while borrowings remain fixed at ₹899 lakhs. Reserves are deeply negative, indicating cumulative losses have eroded capital. There is no evidence of capital reduction, debt repayment, or asset sales, suggesting little active capital allocation strategy beyond maintaining legal and compliance obligations.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2025 |
|---|---|
| Operating | -0 |
| Investing | +0 |
| Financing | 0 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 12.4% | 12.4% | 12.4% | 12.4% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 79.1% | 79.0% | 79.0% | 79.1% |
| # Shareholders | 1,43,225 | 1,40,382 | 1,39,953 | 1,40,112 |
Promoter holding remains unchanged at 12.42% over the last five quarters, with no FII or DII holdings reported. Public shareholding has slightly declined, but the number of shareholders has marginally decreased, indicating limited retail interest. No insider trading activity or significant changes in shareholding patterns suggest no market confidence or speculative accumulation.
⚖️ Peer Comparison — FMCG
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| HINDUNILVR | 4.45 L Cr | 29.8 | 29.8% | — | 0.00 |
| ITC | 3.32 L Cr | 16.7 | 36.0% | — | 0.03 |
| NESTLEIND | 2.60 L Cr | 68.1 | 99.2% | — | 0.00 |
| VBL | 1.45 L Cr | 43.0 | 21.5% | — | 0.10 |
| BRITANNIA | 1.18 L Cr | 45.5 | 54.1% | — | 0.27 |
| LENSKART | 1.14 L Cr | 171.2 | 11.9% | — | 0.03 |
| MARICO | 1.05 L Cr | 55.3 | 54.2% | — | 0.08 |
| TATACONSUM | 94,808 | 58.0 | 10.2% | — | 0.10 |
| GODREJCP | 89,022 | 46.5 | 17.8% | — | 0.33 |
| DABUR | 68,475 | 34.7 | 21.3% | — | 0.09 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. The company is under formal insolvency resolution with liquidation proceedings underway and no approved revival plan, making continuation as a going concern highly unlikely. 2. Persistent zero revenue and deepening operational losses indicate complete business shutdown with no signs of restart. 3. Negative equity and accumulated losses have eroded financial resilience, leaving little room for operational recovery or creditor negotiations. 4. No credible management-led turnaround strategy or stakeholder engagement has been disclosed despite prolonged insolvency.
📋 Recent Filings
- 🟡 Board Meeting2026-09-23Sanwaria Consumer Ltd held its 35th AGM on September 23, 2026 at Bhopal, conducted via video conferencing under NCLT-approved insolvency proceedings. …
- 🔴 annual report2026-09-17Sanwaria Consumer Limited (SANWARIA) is under Corporate Insolvency Resolution Process (CIRP) since May 29, 2020, with its board powers suspended and c…
- 🟡 Board Meeting2026-09-02Sanwaria Consumer Ltd announced its 35th AGM on September 23, 2026, via video conference with e-voting, featuring book closure from September 19-23 an…
- 🔴 Financial Results2026-08-13Sanwaria Consumer Limited announced un-audited standalone and consolidated financial results for the quarter ended June 30, 2026, prepared under Ind A…
- 🟡 Board Meeting2026-08-13The board of Sanwaria Consumer Limited approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along wit…
- Announcement2026-07-11Sanwaria Consumer Limited received a SEBI-mandated confirmation certificate for dematerialization of physical shares for the quarter ended June 30, 20…
- 🔴 Financial Results2026-06-29No summary available
- 🔴 Insider Trading2026-04-21Sanwaria Consumer Limited received a compliance certificate from its compliance officer confirming adherence to SEBI's share transfer regulations for …
🧠 Analyst's Read
Sanwaria Consumer Ltd remains in a terminal phase with no visible path to recovery. Investors should monitor for any official announcement regarding final resolution of insolvency proceedings or asset sale, but current fundamentals and regulatory status suggest delisting or dissolution is increasingly probable.
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 2026-09-29.
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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