Are IndiaNivesh Ltd latest results good or bad?

IndiaNivesh Ltd's latest financial results indicate a significant operational decline, characterized by a drastic reduction in revenue and persistent financial distress. For the quarter ended September 2025, the company reported net sales of just ₹0.02 crores, reflecting a year-over-year decline of 98.67%. This sharp drop highlights a near cessation of business operations, as revenue has plummeted from ₹1.50 crores in the same quarter last year. The company's net profit for the quarter was reported at ₹0.97 crores, but this figure is misleading as it was primarily driven by a tax credit, masking an underlying pre-tax loss of ₹0.14 crores. The operating margin was deeply negative at -2550%, indicating severe operational challenges. Additionally, the company's half-yearly performance for H1 FY26 showed combined revenue of only ₹0.04 crores, down 98.80% from ₹3.33 crores in H1 FY25, further underscoring the operational collapse. IndiaNivesh's balance sheet reveals a negative net worth of ₹-40.50 crores, with liabilities significantly exceeding assets. The company’s current liabilities of ₹133.51 crores far surpass its current assets of ₹63.70 crores, raising serious concerns about its short-term solvency. Cash flow from operations has also turned negative, with an outflow of ₹10.00 crores for FY25, indicating an inability to generate cash from core business activities. In terms of evaluation, the company saw an adjustment in its evaluation, reflecting the deteriorating financial situation. The overall performance metrics indicate that IndiaNivesh Ltd is facing critical challenges, with a business model that appears unsustainable in its current form. The absence of institutional support, coupled with a complete erosion of shareholder value, positions the company in a precarious state, warranting caution for any stakeholders involved.