Nahar Spinning Mills Ltd., a Ludhiana-based textile manufacturer with a market capitalisation of ₹655.00 crores, reported a disappointing performance in Q2 FY26, swinging to a net loss of ₹4.64 crores from a profit of ₹15.96 crores in the previous quarter. The sharp reversal in profitability, despite marginal revenue growth, highlights severe margin compression and operational challenges facing the micro-cap garment and apparel company.

Ishita Drugs & Industries Ltd., a micro-cap pharmaceutical manufacturer with a market capitalisation of ₹21.00 crores, reported disappointing results for Q2 FY26, with net profit declining 26.32% quarter-on-quarter to ₹0.14 crores from ₹0.30 crores in Q1 FY26. The sharp contraction in profitability came despite the company maintaining a relatively stable operating margin profile, raising concerns about the sustainability of earnings amidst persistent revenue volatility.

Tinna Rubber & Infrastructure Ltd. reported a consolidated net profit of ₹11.77 crores for Q3 FY26 (October-December 2025), representing a marginal sequential growth of 0.26% from ₹11.74 crores in Q2 FY26, but declining 2.97% year-on-year from ₹12.13 crores in Q3 FY25. The small-cap industrial products manufacturer, commanding a market capitalisation of ₹1,293 crores, has witnessed its stock price decline 42.44% over the past year, currently trading at ₹696.50 as of February 6, 2026—down 45.59% from its 52-week high of ₹1,280.00.

SEL Manufacturing Company Ltd., a micro-cap garments and apparel manufacturer with a market capitalisation of ₹94.00 crores, continues to grapple with severe operational challenges as its financial performance remains deeply concerning. The Ludhiana-based company, currently trading at ₹30.15, has witnessed its stock decline 15.19% over the past year, significantly underperforming the Sensex's 7.07% gain during the same period. The company's negative book value of ₹-17.02 per share and persistent quarterly losses underscore fundamental structural issues that have plagued operations for multiple years.

Riddhi Siddhi Gluco Biols Ltd., a micro-cap trading and distribution company with a market capitalisation of ₹377.00 crores, reported deeply concerning Q3 FY26 results that highlight persistent operational challenges. The company posted a consolidated net loss of ₹1.59 crores for the quarter ended December 2025, representing a sharp 111.74% decline quarter-on-quarter and a 95.59% plunge year-on-year. The stock, trading at ₹530.00 as of February 06, 2026, has declined 8.67% over the past year, significantly underperforming the Sensex's 7.07% gain during the same period.

Somi Conveyor Beltings Ltd., a micro-cap manufacturer of customised conveyor belts, reported a disappointing Q2 FY26 performance with net profit plunging 63.56% quarter-on-quarter to ₹0.86 crores from ₹1.20 crores in Q1 FY26. On a year-on-year basis, the decline was even steeper at 63.56% compared to ₹2.36 crores in Q2 FY25. With a market capitalisation of just ₹107.00 crores, the company's shares have been under severe pressure, trading at ₹98.10 as of February 6, 2026, down 45.98% over the past year.

C J Gelatine Products Ltd., a micro-cap speciality chemicals manufacturer with a market capitalisation of ₹8.00 crores, reported a modest return to profitability in Q2 FY26 with net profit of ₹0.04 crores, reversing a loss of ₹0.14 crores in Q1 FY26. However, the quarter-on-quarter improvement masks significant structural challenges facing the Mumbai-based gelatine producer, including razor-thin margins, elevated debt levels, and persistent underperformance against both peers and broader market indices.

Sportking India Ltd., one of India's leading textile yarn manufacturers, reported a challenging second quarter for FY2026, with net profit declining 5.49% sequentially to ₹28.27 crores from ₹34.10 crores in Q1 FY26. Year-on-year performance showed marginal improvement, with profits declining 5.49% from ₹29.91 crores in Q2 FY25. The company, with a market capitalisation of ₹1,300 crores, saw its stock decline 3.31% to ₹101.22 following the results announcement, reflecting investor concerns about sustained margin pressures despite modest revenue growth.

Kuantum Papers Ltd., a micro-cap manufacturer of agro and wood-based writing and printing papers, continues to face profitability headwinds in Q2 FY26, despite achieving modest revenue growth. The company reported net profit of ₹5.77 crores for the quarter ended September 2025, marking a sharp decline of 52.17% quarter-on-quarter and 80.69% year-on-year, even as net sales rebounded 25.46% sequentially to ₹278.42 crores.

Sanrhea Technical Textile Ltd., an ISO 9001:14001 certified Gujarat-based manufacturer of RFL dipped fabrics and heavy industrial fabrics for India's tyre and conveyor-belt industries, reported a disappointing second quarter for FY2026, with net profit declining 20.20% quarter-on-quarter to ₹0.79 crores from ₹0.99 crores in Q1 FY26. On a year-on-year basis, profit fell 34.17% from ₹1.20 crores in Q2 FY25. The results triggered continued weakness in the stock, which has been trading in a mildly bearish technical trend and closed at ₹136.90 on February 6, 2026, down 8.09% over the past year.