🧾 Ex-Indiabulls Unit Yaari Digital Posts ₹68 Cr FY25 Loss – At ₹15, Is This Penny Stock Worth the Risk?

✅ At a Glance

Metric	FY25 (Consolidated)	FY24 (Est.)
🧾 Revenue from Ops	₹0 Cr	Minimal
💸 Other Income	₹5.1 Cr	NA
💥 Net Loss	₹(68.2) Cr	₹(19.4) Cr est.
📉 EPS	₹-6.79	₹-1.94 est.
💰 CMP (May 20, 2025)	₹15	—
🧮 FV Estimate	NA (EPS negative)	—

The only thing growing here is the loss. And maybe the investor patience.

---

🧾 About the Company

Yaari Digital Integrated Services Ltd. (formerly part of Indiabulls) claims to operate in:

• 💬 Digital platforms (social + e-commerce)
• 🏢 Real estate–related services (historically)
• 📉 Whatever’s left after demergers

But in FY25, there’s no operating revenue, no products sold, and only other income (likely from investments, cash interest, or asset sales).

---

📊 FY25 Financial Breakdown

Line Item	Amount (₹ Cr)
📊 Revenue (Operations)	0.00
💸 Other Income	5.1
🧍‍♂️ Employee Cost	1.16
💣 Finance Costs	60.4
🧾 Other Expenses	7.05
📉 Total Expenses	68.7
🔻 Net Loss	(68.2)
🧮 EPS	₹-6.79

Finance costs of ₹60 Cr with ₹0 revenue = business model in reverse gear.

---

🏦 Balance Sheet Snapshot

Metric	Value (₹ Cr)
💰 Cash & Equivalents	₹188 Cr
📉 Net Worth	₹-2,764 Cr
📉 Reserves	₹-2,961 Cr
📊 Equity Capital	₹197.4 Cr
📉 Total Liabilities	₹3,002 Cr
⚖️ D/E Ratio	NA (net negative equity)

Technically bankrupt — except for the ₹188 Cr cash. Aka: “Bhookhe hain, lekin wallet bhara hai.”

---

🔧 Cash Flow Summary

Flow Type	FY25 (₹ Cr)
🔁 Operating	₹51.7
💸 Investing	₹542.1
🔻 Financing	₹(407.5)
📈 Net Change	₹186.3

They raised cash (likely asset sales) and reduced some borrowings. But operations are still bleeding.

---

📉 Why The Stock Is Down?

• No revenue. Literally ₹0.
• ₹60 Cr annual interest burn
• Negative reserves = accumulated losses
• No business model shown this year
• “Digital” in name, but no digital product

Even penny stock buyers are asking “aur kya gir sakta hai?”

---

🧮 FV & Valuation

With EPS = ₹-6.79, we can’t do a P/E valuation.
Let’s do a rough SoTP (sum-of-the-parts):

• 💰 ₹188 Cr cash
• 🧍 ₹197 Cr equity
• 🔻 ₹2,764 Cr negative net worth
  = You’re buying hope at ₹15 — not earnings.

Fair value (realistic) = ₹7–9 unless FY26 changes dramatically

---

🧠 EduInvesting Take

“Yaari ka dard toh samajh aata hai, but investors are the ones getting dumped.”

This isn’t a turnaround story — yet. There’s no revenue. Only burn.

The only reason this trades at ₹15?

• People are punting on:
  ✅ Asset sale?
  ✅ Reverse merger?
  ✅ NBFC license play?

Otherwise, there’s no operational substance left.

---

🏁 Final Verdict

✔️ ₹188 Cr cash
✔️ Share price just ₹15
❌ ₹68 Cr annual loss
❌ ₹0 in operations
❌ -₹2,700+ Cr in reserves

“You’re not buying a business. You’re buying a balance sheet and a vague hope.”

If FY26 shows even ₹100 Cr topline, stock could double.
If not? It’s a slow-motion delisting candidate.

---

Tags: Yaari Digital FY25 results, YAARI share price ₹15, penny stock watchlist, EPS -6.79, loss-making digital companies India, BSE 533520, EduInvesting analysis