CRP Risk Management Ltd: FY26 Net Loss Widens to ₹1.24 Crore, Auditor Flags Concerns

CRP Risk Management Ltd has reported a net loss of ₹1.24 crore for the financial year ended March 31, 2026. This marks a significant increase from the marginal loss of ₹0.0027 crore in the previous fiscal year.

Reader Takeaway: Significant losses and auditor concerns highlight financial distress; governance mismatch raises transparency questions.

What just happened

The company's audited financial results for FY2026 reveal a widening net loss of ₹1.24 crore, compared to a negligible loss in FY2025. Total income rose to ₹4.85 crore from ₹2.16 crore. The auditor, RAK Champs & Co. LLP, issued a qualified opinion on the financial statements.

Why this matters

Investors need to be aware of the company's deteriorating financial health. The qualified opinion from the auditor, citing Non-Performing Asset (NPA) status with banks, significant outstanding statutory dues (₹0.44 crore in TDS), and issues with supplier advances (₹8.47 crore) and obsolete inventory (₹2.44 crore), points to substantial operational and financial challenges. A major governance red flag is the contradiction between the CFO's declaration of an 'unmodified opinion' and the auditor's actual 'Basis for Qualified Opinion'.

The backstory

CRP Risk Management Ltd has been declared a Non-Performing Asset (NPA) by State Bank of India since December 28, 2021, and The Wai Urban Co-Operative Bank Ltd since November 30, 2021. The company's share capital stands at ₹17.48 crore, with trade receivables at ₹50.19 crore.

What changes now

Shareholders should approach the stock with extreme caution. The financial results and auditor's report suggest a company facing considerable headwinds. The governance issue, in particular, could lead to increased scrutiny from regulatory bodies and investors.

Risks to watch

Key risks include the company's NPA status, potential write-downs on outstanding advances and inventory, and the ongoing financial strain indicated by the increasing net loss. The contradictory declarations also pose a governance risk.

Context metrics (time-bound)

As of March 31, 2026, CRP Risk Management reported total income of ₹4.85 crore and a net loss of ₹1.24 crore. The company's basic EPS for FY2026 was ₹-0.71.