Williamson Magor & Company Ltd (WILLAMAGOR)

📊 Quarterly Results (₹ Cr)

The company's financial trajectory has been consistently negative over the past four quarters, transitioning from profitability in FY2025 (e.g., ₹23 crore net profit in December 2025) to sustained losses. Revenue has collapsed to zero in the last two quarters, while operating losses have widened significantly — from ₹-150 crore in September 2025 to ₹-1 crore in June 2026. Despite the sharp decline in performance, the company has not provided any corrective action plan or operational restructuring details. The recurring losses and zero revenue suggest a complete erosion of core business activity, likely tied to its non-compliant NBFC status and regulatory suspension.

🔮 Management Outlook & What's Next

Management has not provided any formal forward-looking guidance or strategic outlook in the reviewed filings. The board approved the Q1 2026 results on a going concern basis but did not outline any recovery plan, capital infusion, or path to profitability. The only notable update was the appointment of two new non-executive directors with finance and commercial experience, which may signal an effort to stabilize governance. However, without disclosed recovery initiatives or operational revival strategies, the management outlook remains silent on resolution of the current distress.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

The balance sheet reflects a highly leveraged and distressed capital structure. As of March 2026, total borrowings remain elevated at ₹554 crore, while equity is effectively negative at ₹-232 crore due to accumulated reserves and losses. Total assets have declined slightly to ₹397 crore, indicating asset erosion rather than growth. The company is not deleveraging; instead, liabilities persist while equity continues to deteriorate. There is no evidence of capital raising or asset sales, suggesting limited financial flexibility and ongoing reliance on external financing amid regulatory constraints.

💰 Cash Flow Statement (₹ Cr)

👥 Shareholding Pattern

Shareholding patterns show stability in promoter ownership at 62.01% over the last five quarters, with a slight increase in public float from 34.2% to 34.43% as DII holdings remain negligible at 0.06%. There is no evidence of institutional accumulation or significant exit by FIIs or DIIs. The lack of change in promoter stake suggests no urgent dilution or takeover activity. However, the near-zero institutional interest and minimal public trading activity (8,100+ shareholders but low float engagement) reflect limited investor confidence and liquidity challenges.

⚖️ Peer Comparison — Finance

🔗 Peer Stock Analyses

⚠️ Risk Factors

1. Persistent financial distress with four consecutive quarters of losses and zero revenue in the last two periods, raising serious doubts about operational sustainability. 2. Non-compliance with NBFC regulations and revocation of license, coupled with ongoing litigation and arbitration disputes, pose existential threats to the business model. 3. Going concern doubts are explicitly highlighted in audit reports, with material uncertainties surrounding debt repayment and deferred tax asset recognition. 4. High leverage (₹554 crore borrowings against negative equity) limits financial resilience and increases default risk in a stagnant revenue environment.

📋 Recent Filings

• 🟡 voting results2026-09-29Williamson Magor & Company held its 75th AGM on 28 September 2026 via video conferencing, with 55 shareholders attending including 3 promoters and 52 …
• 🟡 Board Meeting2026-09-28Williamson Magor & Company held its 75th AGM on 28 September 2026 via video conference, approving the 2025-26 audited standalone and consolidated fina…
• 🟡 Board Meeting2026-09-28At the 75th AGM on 28th September 2026, shareholders appointed Mr. Arup Pal and Mr. Subhajit Majumdar as non-executive, non-independent directors effe…
• Announcement2026-09-18Williamson Magor & Company Ltd announced that its trading window will close on 1 October 2026, remaining shut for 48 hours after the release of unaudi…
• 🔴 annual report2026-09-07Williamson Magor & Company disclosed that the 2025-26 Annual Report is available on its website and stock exchange portals, and sent a sample letter t…
• 🔴 annual report2026-09-05Williamson Magor & Co. Limited held its 75th Annual General Meeting on 28 September 2026 via Video Conferencing, appointing Mr Arup Pal and Mr Subhaji…
• 🟡 Board Meeting2026-09-05Williamson Magor & Co. Limited announced its 75th Annual General Meeting (AGM) will be held via video conferencing on 28 September 2026 at 3:00 p.m., …
• 🟡 Board Meeting2026-08-12The Board of Williamson Magor & Company Limited approved unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, p…
• 🔴 Announcement2026-07-22No summary available
• 🟡 Board Meeting2026-07-21Williamson Magor & Company Limited announced the appointment of Mr. Arup Pal and Mr. Subhajit Majumdar as Additional Directors (Non-Executive & Non-In…

🧠 Analyst's Read

The company is effectively in a state of operational and financial collapse, with no visible path to recovery or regulatory resolution. Investors should monitor for any developments in regulatory reinstatement, debt restructuring, or capital infusion, but until such signals emerge, the business remains a high-risk, low-liquidity proposition with minimal upside potential.

Based on filing content and financial data. Not a recommendation.