1. At a Glance
Q1 FY26 was yet another chapter in Adarsh Plant’s long-running saga of “How to Lose Money and Alienate Shareholders.” Revenue crashed 35% YoY to ₹2.65 Cr, and the company posted a ₹0.04 Cr loss. ROE is an eye-watering -124%, proving it’s still stuck in reverse gear.
2. Introduction with Hook
Imagine a company juggling barrels, farm tools, and smokeless chulhas — and still managing to set its own finances on fire. That’s Adarsh Plant. The only thing growing here is the list of quarterly losses, while the stock trades at 79x its microscopic book value. Ouch.
3. Business Model (WTF Do They Even Do?)
- Industrial Packaging: Makes barrels for chemicals, oil, pharma.
- Agri Equipment: Sprayers, seed cleaners – stuff farmers need.
- Eco-friendly Chulhas: A noble cause, but financial returns? Still missing.
Basically, they sell barrels and hope profits roll in (spoiler: they don’t).
4. Financials Overview
- Q1 FY26 Revenue: ₹2.65 Cr
