🧨 Clenon Enterprises Ltd – From G.R. Cables to… Whatever This Is
Date of Publishing -
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🧠 At a Glance
Clenon Enterprises Ltd (formerly G.R. Cables) is a ₹40 Cr microcap company that has zero revenue, negative profits, no real business, and a stock that’s up 235% from 52-week lows. After surviving insolvency, it’s now “exploring” businesses from crude oil to agro products — but nothing generates revenue. Still, it trades at 5.5x book value because why not?
1. 🥁 Introduction: From Cables to Chaos
Clenon Enterprises is the business equivalent of a midlife crisis.
Once a cable company.
Went bankrupt.
Emerged from insolvency.
Now wants to do everything — from crude oil to water processing to agro to equipment trading — but is doing nothing.
Yet the stock has rallied from ₹14 to ₹47 (a 235% jump) in 1 year — without a rupee of sales.
👀 Yes, this is one of those BSE smallcaps where price moves faster than logic.
2. 🤷 WTF Do They Even Do?
Here’s what the company claims to be into now (post-insolvency):
✅ Crude oil trading
✅ Water processing equipment
✅ Agro products
✅ Industrial products
✅ Multiple other buzzwords
But here’s their revenue for the last 5 years:
Year
Revenue (₹ Cr)
FY21
0.00
FY22
0.00
FY23
0.00
FY24
0.00
FY25
0.00
Yep, zero. Not even accidental revenue from a side hustle.
