Tulsyan NEC Reports Financial Results Amid Rising Debt and Liquidity Concerns in August 2025

Tulsyan NEC, a microcap player in the Iron & Steel Products industry, has released its financial results for the quarter ending June 2025, with the announcement made on August 13, 2025. The company has experienced notable shifts in its financial metrics during this period.
The evaluation changes indicate a movement in the score, which has adjusted to -11 from -27 over the past three months. This revision reflects the underlying challenges faced by the company. Notably, interest expenses have surged to Rs 56.18 crore, marking a significant growth of 209.53% compared to the previous half-year period. This increase in interest costs suggests a reliance on higher borrowings.

Additionally, the cash and cash equivalents have reached a low of Rs 0.34 crore, the lowest recorded in the last six half-yearly periods, indicating a concerning trend in short-term liquidity. Furthermore, the debt-equity ratio has risen to 1.49 times, the highest in the last five half-yearly periods, pointing to an increased reliance on debt to support operations, which may further stress the company's liquidity situation.

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