Whalesbook
Toofan se pehle ki shaanti? Olympic Cards Ltd ne March 31, 2026 ko khatam hue fiscal year ke liye apne numbers share kiye hain. Saal bhar ka revenue ₹12.76 Crore pahunch gaya, jo pichhle saal ke ₹9.63 Crore se 32.51% zyada hai. Aur sabse badi baat, saal bhar ka net loss bhi kaafi kam ho kar ₹0.26 Crore (yaani ₹25.94 Lakhs) reh gaya, jabki pichhle saal yeh ₹4.39 Crore tha.
Ab aao asal drama par, jo Q4 FY26 mein hua. Is quarter mein company ka revenue 35.09% gir gaya, ₹1.94 Crore (yaani ₹194.22 Lakhs) par aa gaya, pichhle saal ke ₹2.99 Crore se. Aur is quarter mein company ko ₹1.55 Crore (yaani ₹154.99 Lakhs) ka net loss hua.
Sabse serious cheez toh auditors ki report mein hai. Unhone company ke numbers par 'Qualified Audit Opinion' diya hai. Iska matlab hai ki auditors kuch financial figures ko confirm nahi kar paaye, jisse report ki accuracy par sawal uthta hai. Ye sab isliye kyunki unko trade receivables aur payables jaise bade balances ke liye direct confirmation nahi mili, jo record keeping mein gadbadi dikhata hai.
Aur bhi problems hain - company par ₹2.92 Crore ka GST dues baki hai jo 2018-19 se pending hai. EPF aur ESI payments bhi late chal rahe hain, jo cash flow aur compliance ki dikkat batate hain.
Company ki financial health bhi kaafi shaky hai. March 31, 2026 tak, company par total borrowings ₹13.82 Crore thi, jabki unki net worth sirf ₹1.05 Crore thi. Itna zyada debt matlab company kabhi bhi gir sakti hai agar market mein koi bhi dikkat aaye.
Auditors ne yeh bhi pointed out kiya hai ki company ke paas accounting software nahi hai jismein audit trail ho. Yani hisaab-kitaab mein asli problem hai.
Olympic Cards basically paper and packaging sector mein kaam karti hai, paper boards aur corrugated boxes banati hai. Pichhle saalon mein bhi company loss mein rahi hai. Jabki JK Paper aur West Coast Paper Mills jaise bade players expansion kar rahe hain, Olympic Cards apne basic solvency aur compliance issues se hi lad rahi hai.
Ab dekho bhai, investors ko ye dekhna hoga ki management kaise auditors ki concerns ko handle karti hai, pending GST, EPF, ESI dues ko kaise clear karti hai, aur debt kam karke company ko stable kaise banati hai. Unki accounting systems mein sudhaar aur aage ke results bhi important honge.