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Stock Analysis

Description

Risa International Limited is primarily engaged in Trading and Realty, but has reported zero revenue from operations and sustained net losses, raising significant concerns about its operational continuity.

Key Growth Triggers

Currently no data available for Key Growth Triggers.

Order Book

Currently no data available for Order Book.

Key Red Flags

Zero revenue from operations reported consistently across multiple quarters and annual reports.
Sustained net losses with significant erosion of shareholder reserves.
Auditor's report raises material uncertainty about the company's ability to continue as a going concern due to sustained losses and lack of business operations.
Sharply deteriorating operating cash flow.

Key Dates To Watch

September 22, 2025: 31st Annual General Meeting (AGM) held, adoption of FY25 audited financials and re-appointment of auditors.
November 12, 2025: Board meeting held to approve Q2 FY26 unaudited financial results.

Corporate Announcements

7th Apr 26

Impact Rating: 3

Acting on regulatory requirements, Risa International Ltd has forwarded a confirmation from its Registrar and Share Transfer Agent, Purva Sharegistry, to the Bombay Stock Exchange.

31st Mar 26

Impact Rating: 6

Risa International Ltd. announced a trading window closure effective April 1, 2026, to review its audited financial results for the fiscal year ending March 31, 2026.

13th Feb 26

Impact Rating: -

No description available.

12th Feb 26

Impact Rating: -

No description available.

11th Feb 26

Impact Rating: 3

Risa International Ltd. disclosed its Q3 FY26 results, reporting zero revenue from operations and a net loss of ₹72.99 Lakhs, indicating severe financial challenges.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Redington	273.65	15.66	21393.26	2.48	350.20	32.42	29075.61	16.79	18.90	108183.36	2.02	1366.24	387.83	2.37	5.11	0.29
2.	MMTC	71.58	152.73	10737.00	0.00	170.81	-2.38	1.10	-29.49	7.70	2.94	-3501.70	70.30	20.50	5.58	2.72	0.02
3.	MSTC	484.30	15.43	3409.47	8.36	47.50	10.77	85.01	18.20	29.26	332.43	58.23	220.97	47.50	4.10	9.98	0.17
4.	BN Agrochem	345.00	50.09	3373.17	0.00	17.92	414.94	216.49	–	27.44	719.21	-1.06	67.34	17.92	7.60	16.40	0.20
5.	Vintage Coffee	157.95	37.92	2281.40	0.06	17.83	137.42	135.61	89.51	15.42	430.51	17.61	60.16	17.83	4.34	11.48	0.17
6.	TCC Concept	444.10	44.65	2110.72	0.00	10.43	12.73	26.93	60.01	11.83	103.63	74.77	47.27	10.45	2.15	8.35	0.05
7.	RRP Defense	890.55	488.69	1221.73	0.00	1.59	15800.00	5.30	7471.43	82.72	14.12	20.61	2.50	1.59	80.48	14.46	0.00
8.	Risa Internatio.	0.58	–	9.25	0.00	-0.10	0.00	0.00	–	-331.09	0.00	–	-9.03	-0.10	–	-78.26	–
–	Median: 51 Co.	129.85	36.93	276.06	0.0	1.84	16.57	45.84	11.15	9.39	147.63	2.84	8.29	1.77	3.35	3.52	0.17

Quarterly Results

Standalone figures in ₹ crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	0.09	0.05	0.12	0.07	14.50	0.07	0.06	0.08	0.06	0.05	8.65	0.10	0.03
Operating Profit	-0.09	-0.05	-0.12	-0.07	-14.50	-0.07	-0.06	-0.08	-0.06	-0.05	-8.65	-0.10	-0.03
Other Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-0.09	-0.05	-0.12	-0.07	-14.51	-0.10	-0.09	-0.12	-0.10	-0.09	-8.69	-0.15	-0.10
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	-0.09	-0.05	-0.12	-0.07	-14.51	-0.10	-0.09	-0.12	-0.10	-0.09	-8.69	-0.15	-0.10
EPS in Rs	-0.01	-0.00	-0.01	-0.00	-0.91	-0.01	-0.01	-0.01	-0.01	-0.01	-0.54	-0.01	-0.01

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	148.38	176.23	133.17	63.43	14.72	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	143.48	173.02	131.42	62.32	15.08	2.00	10.36	3.33	0.40	0.32	14.70	8.84	8.83
Operating Profit	4.90	3.21	1.75	1.11	-0.36	-2.00	-10.36	-3.33	-0.40	-0.32	-14.70	-8.84	-8.83
Other Income	1.22	1.08	0.17	0.12	0.01	0.02	0.06	0.02	0.00	0.00	0.00	0.00	0.00
Interest	0.63	0.15	0.23	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.07	0.16	0.20
Depreciation	0.00	0.01	0.03	0.02	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	5.49	4.13	1.66	1.17	-0.37	-1.99	-10.31	-3.31	-0.40	-0.32	-14.77	-9.00	-9.03
Net Profit	3.67	2.72	0.79	0.78	-0.36	-1.99	-10.31	-3.31	-0.40	-0.32	-14.77	-9.00	-9.03
EPS in Rs	0.23	0.17	0.05	0.05	-0.02	-0.12	-0.65	-0.21	-0.03	-0.02	-0.93	-0.56	-0.57
Dividend Payout %	43.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	31.90	31.90	31.90	31.90	31.90	31.90	31.90	31.90	31.90	31.90	31.90	31.90	31.90
Reserves	0.64	3.36	4.15	4.93	4.57	2.58	-7.73	-11.05	-11.45	-11.77	-26.54	-35.55	-35.80
Borrowings	0.82	0.95	0.05	0.24	0.01	0.05	0.01	0.00	0.67	1.18	1.55	2.08	6.94
Other Liabilities	26.00	66.00	24.33	38.69	31.80	25.83	25.81	19.76	9.10	8.88	8.88	8.78	4.18
Total Liabilities	59.36	102.21	60.43	75.76	68.28	60.36	49.99	40.61	30.22	30.19	15.79	7.21	7.22
Fixed Assets	0.00	0.10	0.07	0.05	0.04	0.02	0.02	0.00	0.00	0.00	0.00	0.00	0.00
Gross Block	0.01	0.11	0.12	0.12	0.12	0.12	0.12	0.03	0.03	0.03	0.03	0.03	–
Accumulated Depreciation	0.00	0.01	0.05	0.07	0.09	0.10	0.11	0.03	0.03	0.03	0.03	0.03	–
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	59.36	102.11	60.36	75.71	68.24	60.34	49.97	40.61	30.22	30.19	15.79	7.21	7.22
Total Assets	59.36	102.21	60.43	75.76	68.28	60.36	49.99	40.61	30.22	30.19	15.79	7.21	7.22

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2024	Mar 2025
Cash from Operating Activity	-7.34	-11.10	0.89	-0.02	-1.05	-0.92	0.03	0.01	-0.80	0.08	0.16
Cash from Investing Activity	7.63	11.68	0.12	-0.18	0.01	0.81	0.00	0.02	0.11	0.00	0.00
Cash from Financing Activity	0.15	0.00	-1.01	0.19	-0.23	0.04	-0.03	-0.01	0.67	-0.07	-0.16
Net Cash Flow	0.44	0.58	0.00	-0.01	-1.28	-0.06	-0.01	0.02	-0.02	0.00	0.00

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	77.29	176.26	125.75	362.18	1,394.04	–	–	–	–	–	–	–
Inventory Days	4.73	0.00	4.30	0.00	0.00	–	–	–	–	–	–	–
Days Payable	59.65	–	61.65	–	–	–	–	–	–	–	–	–
Cash Conversion Cycle	22.36	176.26	68.40	362.18	1,394.04	–	–	–	–	–	–	–
Working Capital Days	21.25	46.39	73.56	157.38	727.77	–	–	–	–	–	–	–
ROCE %	26.52%	12.33%	5.23%	3.31%	-1.01%	-5.60%	-35.12%	-14.79%	-1.91%	-1.51%	-104.18%	-331.09%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	13.10%	13.10%	13.10%	13.10%	13.10%	13.10%	13.10%	13.10%	13.10%	13.10%	13.10%	13.10%
FIIs	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%
DIIs	0.31%	0.31%	0.31%	0.31%	0.31%	0.31%	0.31%	0.31%	0.31%	0.31%	0.31%	0.31%
Public	86.35%	86.35%	86.35%	86.36%	86.36%	86.35%	86.35%	86.35%	86.35%	86.35%	86.36%	86.36%