Standard Shoe Sole and Mould (India) Ltd. reported a net loss of ₹0.1161 crore for FY26 on zero revenue from operations. The company faces significant financial strain with a negative net worth and liabilities exceeding assets, raising going-concern risks for investors.
Standard Shoe Sole and Mould (India) Ltd. Reports FY26 Audited Results
Net Loss (FY26): ₹0.1161 crore (₹11.61 lakh) Net Worth: ₹-0.9098 crore (₹-90.98 lakh) Reader Takeaway: Zero revenue and negative net worth indicate critical financial distress and going-concern risks. ## What just happened Standard Shoe Sole and Mould (India) Ltd. has released its audited financial results for the fiscal year ended March 31, 2026. The company reported zero revenue from operations, signalling a complete absence of business activity. Consequently, it posted a net loss of ₹0.1161 crore (₹11.61 lakh) for the year. ## Why this matters These results highlight a severe financial crisis for the company. A negative net worth of ₹-0.9098 crore (₹-90.98 lakh) indicates that the company's liabilities exceed its assets, pointing towards a significant erosion of shareholder capital. The lack of revenue and the substantial capital erosion raise serious questions about the company's ability to continue as a going concern. ## The backstory For the fiscal year ended March 31, 2025, the company had already reported a net loss of ₹0.1856 crore (₹18.56 lakh). However, the current year's figures show no revenue generation, a significant deterioration from any prior operational state. The balance sheet as of March 31, 2026, shows total liabilities of ₹1.0719 crore (₹107.19 lakh) against total assets of only ₹0.1621 crore (₹16.21 lakh). ## What changes now The company's audited financials with an unmodified opinion from its auditor, S. Daga & Co., confirm the precarious financial state. The zero revenue and negative net worth are critical indicators of the business not being operational. The company is also reliant on short-term loans, including ₹0.1405 crore from directors, for its liquidity. ## Risks to watch The primary risk is the company's going concern status, given its lack of operational revenue and negative net worth. Investors need to watch for any concrete plans for business revival or significant financial restructuring. The reliance on director funding also signifies a dependency on promoter support for survival. ## Peer comparison No direct peer comparison is feasible given the company's non-operational status and lack of revenue. The focus remains on its individual financial health rather than market performance relative to peers. ## Context metrics (time-bound) For the year ended March 31, 2026, total assets stood at ₹0.1621 crore, while total liabilities were ₹1.0719 crore. Equity share capital was ₹5.1815 crore, but the net worth was negative at ₹-0.9098 crore. ## What to track next Investors should closely monitor any future announcements regarding potential new business ventures, debt restructuring, or equity infusion that could address the severe financial challenges. The management's strategy to restart operations and generate revenue will be crucial.
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