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Essen Speciality Films Ltd

| Audited Standalone Financial Results for Quarter, Half Year, and Year Ended March 31, 2026

Report Source

⬤25th Apr 26

Summary : Essen Speciality Films reported a net loss for FY26 with an unmodified audit opinion, while navigating new accounting standards and pending Labour Code impacts.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Cost of materials consumed: 9,758.66 Lakhs for FY26.
  2. Employee benefits expense: 2,972.01 Lakhs for FY26.
  3. Other expenses: 3,325.32 Lakhs for FY26.
  4. Revenue from Operations: 16,305.16 Lakhs for FY26.
  5. Other Income: 148.06 Lakhs for FY26.
  6. Net cash generated by operating activities: 51.74 Lakhs for FY26.
  7. Net cash used in investing activities: (2,535.45) Lakhs for FY26.
  8. Net cash used in financing activities: 2,481.72 Lakhs for FY26.
  9. Total Assets: 20,709.02 Lakhs as of March 31, 2026.
  10. Total Equity: 14,656.26 Lakhs as of March 31, 2026.
  11. Total Liabilities: 6,052.76 Lakhs as of March 31, 2026.
  12. Standalone financial results presented.
  13. Consolidated financial statements not applicable due to no subsidiaries/JVs/associates.

Corporate Overview

  1. Manufacturing of plastic and home décor products.
  2. Plastic products
  3. Home décor products

Risk Factors

  1. Company reported a net loss.
  2. Uncertainty of new Labour Codes.
  3. Financial impact of Labour Codes unascertainable.
  4. Potential going concern risk mentioned.

Key Drivers

  1. Unmodified audit opinion received.
  2. Re-appointment of Cost Auditors.
  3. Re-appointment of Internal Auditors.
  4. Voluntary adoption of Indian Accounting Standards.

Auditor’s Report

  1. Unmodified opinion on Standalone Financial Results for the year ended March 31, 2026.
  2. Voluntary adoption of Indian Accounting Standards (Ind AS) from April 1, 2025, with restatement of comparative figures.
  3. Non-application of Labour Codes due to unnotified rules, financial impact unascertainable.

Board Commentary

  1. Re-appointment of M/s. Sagar M. Kapadiya & Co. as Cost Auditors for FY 2026-27.
  2. Re-appointment of M/s. Savjani & Associates as Internal Auditors for FY 2026-27.
  3. Uncertainty regarding the financial impact of new Labour Codes.
  4. Non-application of new Labour Codes due to unnotified rules and unascertainable financial impact.

Corporate Governance

  1. Audit Committee recommended auditor re-appointments.

Management Discussion & Analysis

Risk Control Measures

  1. Management has disclosed the Labour Codes matter and will monitor developments.

Critical Risks

  1. Uncertainty regarding the financial impact of new Labour Codes due to unnotified rules.