Audited financial results for the quarter and year ended on 31st march, 2026
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 17 Apr 2026, 05:56 PM IST · BSE ID: 1b889abe-ad49-488e-946f-0ebdde01eede
View Original BSE Filing (PDF)
💡
In Simple Terms
Bridge Securities reported profits up 22% this fiscal year, but is owed 14 times more money by customers than last year.
🤖 AI Summary
- Net profit Rs. 155.08 Lakhs for FY26, up 21.6% YoY from Rs. 127.43 Lakhs
- Revenue from operations Rs. 215.10 Lakhs in FY26, up from Rs. 191.04 Lakhs in FY25
- Trade receivables exploded to Rs. 171.00 Lakhs from Rs. 11.75 Lakhs — 14.6x increase YoY
- Cash and equivalents at Rs. 0.04 Lakhs; bank balances declined to Rs. 5.19 Lakhs from Rs. 14.04 Lakhs
- Board appointed M/s. Jitendra Parmar & Associates as Secretarial Auditor effective 17th April 2026
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net profit FY26
Rs. 155.08 Lakhs
21.6%
Revenue from operations FY26
Rs. 215.10 Lakhs
12.6%
Trade receivables as on 31.03.2026
Rs. 171.00 Lakhs
1456.8%
Cash and cash equivalents
Rs. 0.04 Lakhs
Bank balances other than cash
Rs. 5.19 Lakhs
-63.0%
Employee benefits expense FY26
Rs. 17.40 Lakhs
866.7%
Total assets
Rs. 753.44 Lakhs
Other equity reserves
Rs. 278.44 Lakhs
EPS (Basic & Diluted) FY26
Rs. 0.40
5.3%
🏢 How This Affects the Company
Revenue grew to Rs. 215.10 Lakhs from Rs. 191.04 Lakhs. Company operates in commission from agriculture activities with single reportable segment.
Net profit Rs. 155.08 Lakhs (up from Rs. 127.43 Lakhs). Trade receivables spiked to Rs. 171.00 Lakhs from Rs. 11.75 Lakhs, creating acute working capital pressure. Cash balance minimal at Rs. 0.04 Lakhs.
Single segment business. Employee benefits expense Rs. 17.40 Lakhs for FY26 vs Rs. 1.80 Lakhs in FY25 — 866% increase signals workforce expansion or cost pressure.
Severe cash liquidity stress: receivables Rs. 171.00 Lakhs against cash Rs. 0.04 Lakhs. Credit risk concentrated with few customers. Bank balances depleted 63% YoY to Rs. 5.19 Lakhs.
👥 What This Means For Shareholders
✅
Action Required
Monitor next quarter's cash position and receivables aging disclosure. Request quarterly update on receivables collection status.
👤
Who Is Affected
All equity shareholders. Company holds Rs. 388.76 Lakhs paid-up capital. Dividend sustainability at risk if receivables remain uncollected.
🔍
Management Signal
Expansion in workforce (employee costs 866% higher) suggests confidence in growth, but without cash conversion discipline creates financial instability.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results: confirm if receivables Rs. 171.00 Lakhs collected and cash position improved
Receivables aging schedule in next annual report: identify if concentration among 1-2 customers
Board disclosure on credit policy tightening: assess management response to liquidity crisis
HIGH RISK
Receivables Rs. 171.00 Lakhs against cash Rs. 0.04 Lakhs creates insolvency risk. Mandatory collection within 60 days or liquidity crisis deepens.
💡 Investor Takeaway
FY26 net profit grew 21.6% to Rs. 155.08 Lakhs; however trade receivables exploded to Rs. 171.00 Lakhs against negligible cash of Rs. 0.04 Lakhs. Working capital crisis requires urgent customer collections or credit restructuring.
⚖️ Strengths & Concerns
✅ Positives
- Net profit growth 21.6% YoY to Rs. 155.08 Lakhs demonstrates operational profitability and margin improvement
- Equity strengthened: other equity reserves moved from negative Rs. 113.99 Lakhs to positive Rs. 278.44 Lakhs
⚠️ Concerns
- Trade receivables Rs. 171.00 Lakhs vs cash Rs. 0.04 Lakhs — 4,275x mismatch signals severe collection risk
- Employee benefits expense surged 866% to Rs. 17.40 Lakhs in FY26, indicating uncontrolled cost escalation
📅 Company Track Record
Bridge Securities incorporated 1994 (CIN L46101GJ1994PLC023772). FY25 net profit was Rs. 127.43 Lakhs. FY26 marks 21.6% growth but coincides with sharp receivables buildup from Rs. 11.75 Lakhs to Rs. 171.00 Lakhs, suggesting aggressive credit extension without proportional cash recovery.
Based on publicly available historical data. For context only.