Super Crop Safe Reports FY26 Financials Amid Auditor Warning

Revenue: Rs 53.13 crore; Profit After Tax: Rs 2.00 crore.

Reader Takeaway: Revenue grew by 17% but persistent statutory dues and auditor going concern warnings demand immediate investor caution.

What just happened

Super Crop Safe Limited released its financial results for the year ended March 31, 2026. While the company recorded a revenue increase of 17.05% to Rs 53.13 crore, profitability metrics declined. EBITDA dropped by 9.53% to Rs 3.96 crore, and Profit After Tax (PAT) dipped by 7.47% to Rs 2.00 crore compared to the previous fiscal year.

Why this matters

The statutory auditor has issued an adverse remark casting doubt on the company's ability to continue as a going concern. This is driven by an increase in unpaid statutory dues, which rose to Rs 4.12 crore from Rs 3.60 crore in the previous year. Furthermore, the company faces allegations of deposit contraventions involving RBI directives and the Companies Act, 2013.

Governance and Compliance Risks

The Secretarial Audit Report highlights widespread compliance failures. The company lacks a functional website required under SEBI regulations, has faced penalties from the BSE for defaults, and failed to meet requirements for IEPF and ROC filings. Additionally, the company only partially maintained the Securities Dealing Database (SDD) software throughout the year.

Risks to watch

Investors should monitor the company's ability to settle Rs 4.12 crore in statutory dues, including GST, Provident Fund, and Income Tax. The ongoing financial stress is further evidenced by delayed salary payments and overdue trade receivables, signaling liquidity constraints that threaten operational stability.

What to track next

The company has not recommended a dividend for FY26 to conserve capital. The primary focus for stakeholders will be whether management can resolve the regulatory non-compliances and provide a clear plan to address the 'going concern' qualification raised by the statutory auditor.