Don’t Trade in the Dark—Get Your Pre-Market Report Every Day.Join Now
Lykis Ltd
| Audited Standalone Financial Results for Year Ended March 31, 2026
Summary : Lykis Limited reported an unmodified audit opinion for FY26, but faces significant ownership change, asset disposals, and negative cash flows from operations and investing, with an ongoing open offer.
Quarterly Report Analysis & Insights
Financial Disclosures
- Standalone Total Expenses: 26,176.27 Lakhs (FY26)
- Consolidated Total Expenses: 38,839.68 Lakhs (FY26)
- Significant expenses include purchase of stock-in-trade, employee benefits, finance costs
- Standalone Revenue from Operations: 26,289.31 Lakhs (FY26)
- Consolidated Revenue from Operations: 39,274.60 Lakhs (FY26)
- Standalone Other Income: 433.20 Lakhs (FY26)
- Consolidated Other Income: 387.16 Lakhs (FY26)
- Standalone Net Cash Flow from Operating Activities: (1,256.89) Lakhs (FY26)
- Consolidated Net Cash Flow from Operating Activities: (3,216.57) Lakhs (FY26)
- Standalone Net Cash Flow from Investing Activities: (2,945.91) Lakhs (FY26)
- Consolidated Net Cash Flow from Investing Activities: (2,944.72) Lakhs (FY26)
- Standalone Net Cash Flow from Financing Activities: 3,838.65 Lakhs (FY26)
- Consolidated Net Cash Flow from Financing Activities: 6,154.73 Lakhs (FY26)
- Standalone Total Assets: 13,986.42 Lakhs (FY26)
- Consolidated Total Assets: 18,965.27 Lakhs (FY26)
- Standalone Total Equity: 3,639.15 Lakhs (FY26)
- Consolidated Total Equity: 4,079.59 Lakhs (FY26)
- Standalone Current Borrowings: 7,515.84 Lakhs (FY26)
- Consolidated Current Borrowings: 10,505.65 Lakhs (FY26)
- Consolidated results include Lykis Export LLC (UAE) and Goldspan exports Private Limited as subsidiaries
- Consolidated results include Lykis Biscuit Private Limited and Lykis Packaging Private Limited as associates (until disposal)
Corporate Overview
- India
- UAE (through subsidiary Lykis Exports LLC)
- Regulatory approvals for share transfer and open offer
- Re-assessment of Gratuity liability due to new Labour Codes
- Export of FMCG, Cosmetics and other products
- Formal and compliant, focused on financial reporting
Risk Factors
- Completion of open offer and regulatory approvals.
- Negative cash flow from operations and investing.
- Impact of new Labour Codes on gratuity.
- Uncertainty regarding future business strategy.
Key Drivers
- Promoter selling 67% stake in company.
- Open offer for 26% additional equity shares.
- Disposal of investments in associate companies.
- Sale of company's trademark completed.
Auditor’s Report
- Unmodified audit opinion for standalone financial results
- Unmodified audit opinion for consolidated financial results
- Audit of standalone and consolidated financial results
- Reliance on other auditors for subsidiaries/associates
Board Commentary
- Promoter selling 67.17% share capital, leading to change in control
- Uncertainty regarding completion of open offer and regulatory approvals
- Open offer subject to SEBI regulations and other regulatory approvals
- Impact of new Labour Codes on gratuity valuation
Corporate Governance
- Audit Committee reviewed and approved financial results
Management Discussion & Analysis
Performance Drivers
- Revenue from operations
- Other income
Critical Risks
- Completion of open offer and regulatory approvals
- Potential impact of new Labour Codes on gratuity