Result Analysis

Tarai Foods Ltd., a micro-cap agricultural products company, reported another quarter of complete operational standstill in Q2 FY26, with zero revenue generation and mounting losses that have pushed the company deeper into negative shareholder equity territory. The stock, currently trading at ₹7.99 with a market capitalisation of just ₹14.00 crores, has declined 13.25% over the past year, reflecting investor concerns about the company's viability as it continues to burn cash without any visible path to revenue generation.

Onix Solar Energy Ltd., a micro-cap non-ferrous metals trading company with a market capitalisation of ₹565.12 crores, delivered extraordinary revenue expansion in Q2 FY26, though the euphoria was tempered by deteriorating profitability metrics and a sharp stock price correction. The company reported net profit of ₹1.01 crores for the quarter ended June 2025, representing a sequential increase of 57.81% from Q1 FY26's ₹0.64 crores, whilst year-on-year comparisons reveal staggering growth of 2,425.00% from the ₹0.04 crores posted in Q2 FY25.

Thinkink Picturez Limited, a micro-cap media and entertainment company with a market capitalisation of ₹36.00 crores, reported deeply concerning results for Q2 FY26 ended September 2025, with net sales plummeting 85.85% quarter-on-quarter to just ₹0.15 crores. The dramatic revenue collapse, coupled with a year-on-year decline of 87.18%, has intensified concerns about the company's operational viability and business sustainability. The stock, trading at ₹0.25, has declined 3.85% following the results announcement, extending its brutal 62.12% decline over the past year.

Parsvnath Developers Ltd., one of India's established real estate developers with presence across 37 cities, reported deeply concerning Q2 FY26 results that underscore the company's ongoing financial distress. The company posted a consolidated net loss of ₹153.75 crores for the quarter ended September 2025, representing a staggering deterioration of 160.68% quarter-on-quarter and marking the worst quarterly performance in recent history. With a market capitalisation of just ₹610.00 crores and negative book value per share of ₹-38.98, the stock closed at ₹13.53 on November 28, down 3.50% as investors reacted to the dismal results.

Supreme Infrastructure India Limited has reported catastrophic financial results for Q2 FY26, posting a consolidated net profit of ₹6,305.93 crores—a figure that masks severe underlying operational distress. The micro-cap construction company, with a market capitalisation of just ₹244.00 crores, continues to grapple with persistent losses, negative operating margins, and a balance sheet deeply in distress with shareholder funds at negative ₹4,870.54 crores as of March 2024. The stock has declined 22.38% over the past year, significantly underperforming both the Sensex (+8.43%) and the construction sector (-6.50%).

Sattva Sukun Lifecare Ltd. reported a dramatic revenue surge in Q2 FY26, with net sales skyrocketing to ₹16.84 crores—a staggering 1,280.33% quarter-on-quarter increase and 979.49% year-on-year growth. However, the micro-cap retailing company's consolidated net profit of ₹0.66 crores, whilst posting modest growth of 1.54% QoQ and 6.45% YoY, reveals concerning margin compression and raises questions about the sustainability of this revenue explosion. Trading at ₹0.69 with a market capitalisation of just ₹26.00 crores, the stock remains trapped in a bearish technical trend despite the headline-grabbing topline numbers.

Kesar Enterprises Ltd., a micro-cap sugar manufacturer operating out of Baheri, Uttar Pradesh, has reported catastrophic second-quarter results for FY2026, with net losses widening to ₹19.47 crores—a deterioration that underscores the company's mounting operational distress. The stock, currently trading at ₹8.30 with a market capitalisation of just ₹84.00 crores, has plunged 33.15% over the past year, significantly underperforming both the Sensex and its sugar sector peers. With negative operating margins, collapsing revenues, and a deeply negative book value per share of ₹-136.18, the company's financial position has reached critical levels.

Sugal & Damani Share Brokers Ltd., a Chennai-based micro-cap NBFC specialising in share broking and portfolio management services, reported a sharp 35.78% sequential decline in net profit to ₹1.31 crores in Q2 FY26, despite posting modest revenue growth. The stock has tumbled 49.89% from its 52-week high of ₹139.00, currently trading at ₹69.65 with a market capitalisation of ₹44.00 crores.