Aksh Optifibre financials: balance sheet, profit and loss, cash flow

NSE: AKSHOPTFBRBSE: 532351Telecom - Equipment & AccessoriesSmall Cap

Aksh Optifibre Limited · Face value ₹5 · Listed Aug 2000

₹7.41₹0.30 (4.22%)BSE ₹7.41

Share price at the NSE close on 28 Oct 2026. Previous close ₹7.11.

28 Oct: open ₹7.42, high ₹7.46, low ₹7.30

52-week range of traded prices to 28 Oct 2026

₹3.82Low, 30 Mar 2026₹9.01High, 10 Sep 2026

Delivery only: shares bought must be paid for in full, with no selling on the same day.

Market cap: ₹121 Cr2,957th largest listed
P/E: Lossover the last 12 months
P/B: Net worth zero or below
Dividend yield: Nonein the last 12 months
ROE: Assets held for saleon the latest balance sheet
ROCE: Assets held for saleon the latest balance sheet
Debt to equity: Assets held for saleon the latest balance sheet
Volume, NSE: 3,32,751

Aksh Optifibre's financial statements for the 10 years to Mar 2026, consolidated: the company and its subsidiaries together, with the twelve months to Jun 2026 after them.

10 years at a glance

₹ crore, years to March.Aksh Optifibre annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

A loss in 7 of the 10 years shown

Operating and net margin, per cent

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 1.1% of operating profit in the first full year.

The years either side of a change of basis do not compare. From the year to Mar 2026, the company's revenue for that year, ₹127 Cr, differs from its quarters added, ₹125 Cr.

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue127
Materials and goods−87
Employee costs−18
Other expenses−19
Operating profit2.7
Depreciation−11
Other income+2.0
One-off items+2.2
Finance costs−11
Profit before tax−16
Tax+2.5
Net profit−13

What the company owns

Plant, investments and other assets₹221 Cr
Receivables₹33 Cr
Cash and bank₹24 Cr
Inventory₹17 Cr

What pays for it: net worth and liabilities

Other liabilities₹153 Cr
Borrowings₹84 Cr
Owed to suppliers₹58 Cr

Aksh Optifibre business segments, year to Mar 2026

A reportable segment is a line of business the company must report on its own. Consolidated, ₹ crore, as the company reports them. A segment at a loss has no share of profit.Aksh Optifibre segment results by quarter

Revenue by segment

₹127 CrTotal

Manufacturing₹64.0 Cr50.3% of total
Services₹63.2 Cr49.7% of total

Profit by segment

Services₹4.38 Cr100.0% of total

Segment results by year

Consolidated from the year to Mar 2020, standalone before, ₹ crore, years to March.

Manufacturing
Revenue, ₹ crore
227
143
78
64
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
22
−10
−18
−9
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Services
Revenue, ₹ crore
29
24
39
47
59
77
52
63
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26
Profit, ₹ crore
−1
−1
6
7
9
10
4
4
Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue of all businesses	529	300	272	316	287	220	130	127
Company revenue, as in its results	529	300	272	316	287	220	130	127
Revenue	–	–	–	–	227	143	78	64
Revenue growth	–	–	–	–	–	−37.1%	−45.4%	–
Profit	–	–	–	–	22	−10	−18	−9
Margin	–	–	–	–	9.5%	−7.2%	−23.4%	−14.7%
Return on capital	–	–	–	–	55.5%	–	–	–
Assets	–	–	–	–	325	269	223	214
Liabilities	–	–	–	–	286	274	238	267
Capital employed	–	–	–	–	39	−5	−15	−52
Revenue	29	24	39	47	59	77	52	63
Revenue growth	–	–	59.9%	20.7%	26.6%	30.3%	−32.8%	–
Profit	−1	−1	6	7	9	10	4	4
Profit growth	–	–	–	22.5%	20.8%	15.2%	−61.0%	–
Margin	−2.8%	−5.0%	15.2%	15.4%	14.7%	13.0%	7.5%	6.9%
Return on capital	−0.5%	−8.8%	36.4%	29.1%	28.7%	27.0%	15.7%	14.0%
Assets	194	38	30	42	43	52	54	70
Liabilities	23	24	14	18	13	15	29	39
Capital employed	171	14	16	25	30	37	25	31
Revenue	475	268	232	259	–	–	–	–
Revenue growth	–	–	−13.4%	12.0%	–	–	–	–
Profit	66	−13	2	25	–	–	–	–
Profit growth	–	–	–	1,381.1%	–	–	–	–
Margin	14.0%	−5.0%	0.7%	9.6%	–	–	–	–
Return on capital	36.6%	–	2.4%	41.8%	–	–	–	–
Assets	504	348	450	412	–	–	–	–
Liabilities	322	424	378	352	–	–	–	–
Capital employed	181	−76	71	60	–	–	–	–
Revenue	24	9	2	10	–	–	–	–
Revenue growth	–	–	−80.1%	–	–	–	–	–
Profit	5	1	0	3	–	–	–	–
Profit growth	–	–	−77.6%	–	–	–	–	–
Margin	19.2%	12.9%	14.5%	29.5%	–	–	–	–
Return on capital	49.3%	2.4%	3.5%	34.8%	–	–	–	–
Assets	13	56	16	11	–	–	–	–
Liabilities	4	10	9	3	–	–	–	–
Capital employed	10	46	7	9	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Profit and loss

Consolidated, ₹ crore, years to March. The last column is the twelve months to Jun 2026, the latest four quarters added.Aksh Optifibre quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 28 May	Jun 2026Twelve monthsFiled 14 Aug
Revenue from operations	490	625	530	300	272	316	287	220	130	127	148
	443	551	446	294	247	266	239	204	135	125	136
Materials and goods bought	323	16	−25	182	146	165	144	150	92	87	97
Employee costs	34	–	–	42	33	23	23	22	19	18	19
Other expenses	86	–	–	70	68	78	72	32	24	19	20
Operating profit before depreciation	47	74	84	7	26	51	48	16	−5	3	12
Operating margin	9.6%	11.9%	15.8%	2.3%	9.4%	16.0%	16.6%	7.2%	−3.9%	2.1%	8.1%
Materials, % of revenue	65.9%	–	–	60.6%	53.7%	52.1%	50.4%	68.1%	70.7%	68.3%	65.3%
Employee costs, % of revenue	7.0%	–	–	13.9%	12.0%	7.4%	7.9%	10.1%	14.5%	14.3%	12.9%
Other expenses, % of revenue	17.5%	–	–	23.3%	24.9%	24.5%	25.1%	14.6%	18.7%	15.3%	13.7%
Depreciation and amortisation	22	24	30	25	25	24	25	21	14	11	11
Operating profit after depreciation	25	51	53	−18	1	27	23	−5	−19	−9	1
Other income	4	2	2	2	4	5	3	2	2	2	2
Finance costs	10	19	32	31	29	26	18	16	14	11	11
Profit before one-off items and tax	20	33	24	−47	−24	6	7	−19	−31	−18	−8
One-off items	0	−1	4	−319	−1	0	−14	−56	3	2	6
Profit before tax	20	33	27	−366	−25	6	−7	−75	−27	−16	−1
	9	12	17	−7	0	6	7	−4	−1	−2	1
Current tax	–	–	13	0	0	7	6	0	2	0	0
Deferred tax	–	–	3	−7	0	0	1	−4	−3	−2	1
Net profit	11	21	11	−359	−25	0	−14	−71	−26	−13	−2
Other comprehensive income	–	–	–	−4	1	1	−15	36	−3	−11	−13
Total comprehensive income	–	–	–	−363	−24	0	−28	−35	−29	−25	−15
Net margin	2.3%	3.3%	2.0%	−119.6%	−9.3%	−0.1%	−4.7%	−32.4%	−20.0%	−10.3%	−1.3%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2018 and Mar 2019 they do not, so they are left blank.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 28 May
	127	103	104	75	40	12	−13
Share capital	81	81	81	81	81	81	81
Reserves	46	22	22	−6	−41	−70	−94
	231	131	182	159	85	80	84
Repayable after a year	115	22	11	0	0	0	0
Repayable within a year	116	108	171	159	85	80	84
	320	360	335	270	192	175	213
Trade payables	95	91	86	45	62	43	58
Other financial liabilities	86	144	64	59	36	42	57
Other liabilities	7	11	11	6	9	9	13
Provisions	6	5	3	0	0	0	0
Tax owed	9	1	–	1	–	0	1
	150	50	41	35	23	21	23
Other financial liabilities	25	24	23	22	16	17	17
Other liabilities	–	–	–	–	–	–	2
Provisions	2	3	4	4	3	4	4
Deferred tax	–	–	3	4	2	–	–
Trade payables	9	0	–	6	2	0	0
Liabilities going with businesses held for sale	–	–	–	–	76	74	72
	597	513	480	380	332	282	294
Held for sale or for a demerger	–	–	–	–	119	98	98
	379	344	318	296	128	118	113
Plant in use, after depreciation	259	237	215	191	121	110	101
Plant being built	94	92	92	92	0	0	0
Intangible assets	1	1	0	0	0	0	0
Loans given	3	2	0	0	0	0	0
Other financial assets	6	1	4	10	6	5	7
Deferred tax	8	7	5	3	1	2	4
Other assets	8	3	3	0	0	0	0
	218	169	161	84	85	65	83
Inventories	67	49	42	24	22	16	17
Trade receivables	100	77	79	39	24	21	33
Cash and cash equivalents	6	3	6	5	4	2	0
Other bank balances	16	19	13	2	17	18	24
Loans given	5	6	4	4	4	0	3
Other financial assets	1	2	3	3	4	2	1
Tax paid in advance	1	1	0	0	3	0	1
Other assets	22	13	15	8	7	6	4
Net debt	210	110	163	152	65	61	60

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 28 May
	71.6	56.9	46.3	46.0	−19.2	0.2
	78.7	58.8	49.3	50.1	−19.7	−0.1
	50.7	3.2	32.5	17.8	−13.6	11.2
Receivables	22.4	−1.4	49.9	17.2	1.3	−12.6
Inventories	18.5	6.3	18.2	1.8	6.3	−0.8
Payables	−12.5	−5.1	−35.6	6.0	−20.7	14.8
Other working capital	22.2	3.3	−0.1	−7.1	−0.5	9.7
Tax paid	−7.1	−1.9	−2.9	−4.1	0.5	0.4
Capital spending	0.7	1.8	4.4	20.9	2.8	1.8
Free cash flow	70.9	55.1	41.9	25.1	−22.0	−1.6
	5.0	1.3	−3.0	−19.4	11.4	4.2
Plant and property sold	0.0	0.1	0.2	0.8	13.2	0.1
Interest received	2.1	2.0	1.2	0.8	1.0	5.2
	−79.6	−54.5	−44.8	−27.7	5.5	−5.8
Borrowings repaid	−50.2	−42.8	−25.2	2.8	10.5	1.0
Interest paid	−29.4	−11.1	−18.4	−22.8	−6.7	−6.8
Lease payments	0.0	−0.6	−1.2	−7.6	1.7	0.0
Dividends paid	0.0	0.0	0.0	0.0	0.0	0.0
Shares bought back	0.0	0.0	0.0	0.0	0.0	0.0
Shares issued	0.0	0.0	0.0	0.0	0.0	0.0
Net change in cash	−3.0	3.7	−1.5	−1.0	−2.3	−1.3

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.Aksh Optifibre dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 28 May
Earnings per share	₹0.68	₹1.28	₹0.66	−₹22.08	−₹1.56	−₹0.03	−₹0.83	−₹4.38	−₹1.60	−₹0.80
Diluted earnings per share	₹0.68	₹1.28	₹0.66	−₹22.08	−₹1.56	−₹0.03	−₹0.83	−₹4.38	−₹1.60	−₹0.80
Dividend per share	–	₹0.30	–	–	–	–	–	–	–	–
Book value per share	–	–	–	₹7.83	₹6.34	₹6.37	₹4.64	₹2.49	₹0.71	−₹0.79
Dividend payout	–	23.4%	–	–	–	–	–	–	–	–
Shareholder yield	–	–	–	–	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Market cap at the year end (₹ crore)	346	510	307	49	87	163	137	131	128	65

Ratios

Consolidated, years to March.Aksh Optifibre PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026Filed 28 May
Revenue growth	9.2%	27.5%	−15.2%	−43.3%	−9.4%	16.2%	−9.4%	−23.1%	−41.0%	–
Operating profit growth	−28.9%	58.2%	12.7%	−91.9%	275.5%	98.7%	−6.0%	−66.7%	–	–
Net profit growth	−56.6%	87.6%	−48.3%	–	–	–	–	–	–	–
Earnings per share growth	−58.3%	88.2%	−48.4%	–	–	–	–	–	–	–
	–	–	–	−281.9%	−22.0%	−0.4%	−15.2%	–	–	–
	–	–	–	–	259.9 pts	21.6 pts	−14.8 pts	–	–	–
From the net margin	–	–	–	–	259.9 pts	21.7 pts	−14.1 pts	–	–	–
From asset turnover	–	–	–	–	0.6 pts	−0.1 pts	−0.7 pts	–	–	–
From borrowing	–	–	–	–	−0.6 pts	0.0 pts	0.0 pts	–	–	–
Return on capital employed	–	–	–	−5.1%	0.4%	9.4%	9.9%	–	–	–
Interest cover	2.5	2.6	1.7	–	0.0	1.1	1.3	–	–	–
Debt to equity	–	–	–	1.81	1.27	1.75	2.11	–	–	–
Receivable days	–	–	–	121	103	91	49	–	–	–
Inventory days	–	–	–	135	122	94	61	–	–	–
Payable days	–	–	–	191	228	191	114	–	–	–
Cash conversion cycle, days	–	–	–	65	−3	−6	−3	–	–	–
Working capital days	–	–	–	−8	−140	−26	−43	–	–	–
Asset turnover	–	–	–	0.50	0.49	0.64	0.67	–	–	–
Assets per rupee of net worth	–	–	–	4.68	4.81	4.80	4.80	–	–	–
Sales per rupee of plant	–	–	–	1.16	1.15	1.47	1.50	1.82	1.18	1.26
Capital spending to depreciation	–	–	–	–	0.03	0.08	0.18	0.99	0.21	0.16
Plant being built, % of plant in use	–	–	–	36.3%	38.8%	42.7%	48.1%	0.1%	0.2%	0.2%

Interest cover is left blank for the years to Mar 2020, Mar 2024, Mar 2025 and Mar 2026: operating profit after depreciation is a loss, and a loss covers no interest bill. Return on equity, asset turnover and assets per rupee of net worth are left blank for the years to Mar 2024, Mar 2025 and Mar 2026: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Change in return on equity, from the net margin, from asset turnover and from borrowing are left blank for the years to Mar 2024, Mar 2025 and Mar 2026: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Debt to equity, receivable days, inventory days, payable days, cash conversion cycle, days, return on capital employed and working capital days are left blank for the years to Mar 2024, Mar 2025 and Mar 2026: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Revenue growth is left blank for the year to Mar 2026: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2017, Mar 2018 and Mar 2019, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year: −4.5%
Cash from operations against operating profit: 8.3%

Measure	10 years	5 years	3 years
Operating margin, average	8.7%	7.6%	1.8%
Net margin, average	−18.9%	−13.5%	−20.9%

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	130	27	0
Cash from investing	−5	−4	4
Cash from financing	−127	−28	−6
Capital spending	32	26	2
Dividends paid	0	0	0
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	0	0	0
Borrowings repaid	82	14	1

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	–	8	5	4	3	7
Altman Z-scorePublished threshold 1.1	–	–	–	−4.35	−1.98	−1.50	−2.80	−3.57	−3.64	−4.08
Beneish M-scorePublished threshold −1.78	–	–	–	–	−3.66	−3.04	−3.66	−3.97	−2.51	−2.25
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−18.38	−11.81	−13.24	−27.53	−5.94	−6.08
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	–	−13.12	−14.46	−41.08	−14.47	29.02	54.70
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	–	−7.82	−25.64	−30.61	−11.46	10.46	10.66
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	–	−3.07	0.46	−2.47	1.57	−4.53	−0.78
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	31.73	76.86	199.25	–	0.08	0.14
Effective tax ratePublished threshold 17.16 per cent	43.63	36.01	60.51	–	–	107.06	–	–	–	–
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	75.02	–	–	–	–

A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

Date	Agency	Borrowing rated	Rating	Amount, ₹ Cr
26 Aug 2026	CARE Ratings Limited	Fund-based - LT-Term Loan	CARE D; ISSUER NOT COOPERATING*Review, Re-affirm	66
26 Aug 2026	CARE Ratings Limited	Non-fund-based - ST-BG/LC	CARE D; ISSUER NOT COOPERATING*Review, Re-affirm	114
26 Aug 2026	CARE Ratings Limited	Fund-based - LT-Cash Credit	CARE D; ISSUER NOT COOPERATING*Review, Re-affirm	70

The latest rating on each borrowing. The agency's name opens its reasoning for the rating.