Aditya Infotech Finance Limited Stock Analysis

Name: Aditya Infotech Finance Limited (AIFL) Stock Analysis
Brand: NSE India
Rating: 1 (1 reviews)

AIFL NSE India

Aditya Infotech Finance Limited (AIFL) is a India-based company listed on NSE. This AI-powered analysis provides investment insights based on quarterly earnings reports and financial performance metrics.

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Ashapura Intimates Fashion Ltd. is effectively a defunct operating company emerging from liquidation proceedings with zero revenue for Q3 FY26 and the entire nine-month period. The auditor issued a disclaimer of opinion citing pervasive lack of documentation, unverifiable opening balances, suspected fraudulent transactions from FY18, and material uncertainties casting significant doubt on going concern status. The Q2 FY26 exceptional gain of Rs. 30,220.57 lakhs from write-off of past liabilities (loans, statutory dues, creditor balances) pursuant to NCLT relief under Section 32A artificially inflated nine-month net profit to Rs. 30,145.61 lakhs, masking operational losses of Rs. 8.59 lakhs in Q3 and Rs. 74.96 lakhs for nine months before exceptional items. The company has not filed GST returns (GSTR-1, GSTR-3B) or TDS returns for Oct-Dec 2025, operations remain suspended since Q3 FY19, and the new board appointed post-auction (December 2024) by Grow House Agro Limited has yet to restart business or demonstrate any operational revival strategy.

Based on: AIFL - Financial Results (16/2/2026) (Feb 16, 2026)

+ Key Strengths

NCLT order dated June 10, 2025 granted relief from all past statutory liabilities, penalties, loans, and creditor dues under Section 32A of IBC, resulting in exceptional gain of Rs. 30,220.57 lakhs in Q2 FY26 and converting liquidation status to active

Successful e-auction completion on December 21, 2024 with Grow House Agro Limited as winning bidder, followed by sale certificate issuance on March 1, 2025, providing capital infusion and new management to potentially restart operations

Zero debt on balance sheet post write-off of all borrowings (finance costs of Rs. 414.70 lakhs for FY25 eliminated), creating a clean slate for the new promoters

Listing status retained on NSE (symbol: AIFL) and BSE (scrip: 535467) despite liquidation, offering liquidity and regulatory framework for potential turnaround under new ownership

- Key Risks

Complete operational shutdown with zero revenue from operations for Q3 FY26, Q2 FY26, Q1 FY26, and Q3 FY25, with no indication of business restart timeline or commercial activity resumption

Auditor disclaimer of opinion citing inability to verify opening balances from April 1, 2025, suspected fraudulent transactions from FY18, missing documentation for liabilities, revenue, expenses, and bank records, rendering financial statements unreliable

Non-compliance with statutory obligations including unfiled GST returns (GSTR-1, GSTR-3B) and TDS returns for October-December 2025, exposing the company to penalties and regulatory action despite NCLT relief for past dues

Negative cash generation with operating losses of Rs. 74.96 lakhs for nine months FY26 before exceptional items, recurring depreciation charge of Rs. 25.77 lakhs, and other expenses of Rs. 51.50 lakhs with no revenue to cover costs

NCLT order requires cancellation of existing promoter and public shareholder equity (paid-up capital Rs. 2,521.14 lakhs) and fresh issuance to new owners, creating massive dilution risk and uncertainty for current minority shareholders

Plant and machinery impairment not assessed since operations suspended in Q3 FY19, with auditor noting uncertainty on asset operability and realizable value, indicating potential further write-downs of Rs. 47.88 lakhs annual depreciation base

Forward Outlook

The company remains in a pre-operational limbo with no forward guidance, revenue projections, or strategic roadmap disclosed by the new board appointed March 2025. The NCLT order mandates share cancellation and reissuance to Grow House Agro Limited, but this corporate action has not been executed as of February 14, 2026, leaving ownership structure unresolved. No new projects, capacity additions, product launches, or business restart initiatives were announced during Q3 FY26. Given nine consecutive quarters of zero revenue since Q3 FY19, absence of working capital deployment, unfiled statutory returns, and auditor's inability to verify even basic financial records, there are no identifiable catalysts for operational revival in the next 2-4 quarters. Until the new management demonstrates concrete business plans, obtains necessary statutory clearances, and restarts commercial operations with verifiable revenue generation, the stock remains purely speculative with extreme execution risk.

All Scores

Date	Report	Score	Sentiment	AI
Feb 16, 2026	AIFL - Financial Results (16/2/2026)	1.0	Strong Sell	Claude
Ashapura Intimates Fashion Ltd. is effectively a defunct operating company emerging from liquidation proceedings with zero revenue for Q3 FY26 and the entire nine-month period. The auditor issued a disclaimer of opinion citing pervasive lack of documentation, unverifiable opening balances, suspected fraudulent transactions from FY18, and material uncertainties casting significant doubt on going concern status. The Q2 FY26 exceptional gain of Rs. 30,220.57 lakhs from write-off of past liabilities (loans, statutory dues, creditor balances) pursuant to NCLT relief under Section 32A artificially inflated nine-month net profit to Rs. 30,145.61 lakhs, masking operational losses of Rs. 8.59 lakhs in Q3 and Rs. 74.96 lakhs for nine months before exceptional items. The company has not filed GST returns (GSTR-1, GSTR-3B) or TDS returns for Oct-Dec 2025, operations remain suspended since Q3 FY19, and the new board appointed post-auction (December 2024) by Grow House Agro Limited has yet to restart business or demonstrate any operational revival strategy. STRENGTHS: NCLT order dated June 10, 2025 granted relief from all past statutory liabilities, penalties, loans, and creditor dues under Section 32A of IBC, resulting in exceptional gain of Rs. 30,220.57 lakhs in Q2 FY26 and converting liquidation status to active / Successful e-auction completion on December 21, 2024 with Grow House Agro Limited as winning bidder, followed by sale certificate issuance on March 1, 2025, providing capital infusion and new management to potentially restart operations / Zero debt on balance sheet post write-off of all borrowings (finance costs of Rs. 414.70 lakhs for FY25 eliminated), creating a clean slate for the new promoters / Listing status retained on NSE (symbol: AIFL) and BSE (scrip: 535467) despite liquidation, offering liquidity and regulatory framework for potential turnaround under new ownership RISKS: Complete operational shutdown with zero revenue from operations for Q3 FY26, Q2 FY26, Q1 FY26, and Q3 FY25, with no indication of business restart timeline or commercial activity resumption / Auditor disclaimer of opinion citing inability to verify opening balances from April 1, 2025, suspected fraudulent transactions from FY18, missing documentation for liabilities, revenue, expenses, and bank records, rendering financial statements unreliable / Non-compliance with statutory obligations including unfiled GST returns (GSTR-1, GSTR-3B) and TDS returns for October-December 2025, exposing the company to penalties and regulatory action despite NCLT relief for past dues / Negative cash generation with operating losses of Rs. 74.96 lakhs for nine months FY26 before exceptional items, recurring depreciation charge of Rs. 25.77 lakhs, and other expenses of Rs. 51.50 lakhs with no revenue to cover costs / NCLT order requires cancellation of existing promoter and public shareholder equity (paid-up capital Rs. 2,521.14 lakhs) and fresh issuance to new owners, creating massive dilution risk and uncertainty for current minority shareholders / Plant and machinery impairment not assessed since operations suspended in Q3 FY19, with auditor noting uncertainty on asset operability and realizable value, indicating potential further write-downs of Rs. 47.88 lakhs annual depreciation base

What is the AI Stock Score?

The AI Stock Score is a composite rating from 0-10 generated by analyzing quarterly earnings reports using three leading AI models (Google Gemini, Anthropic Claude, and OpenAI ChatGPT). Each AI independently evaluates financial performance, growth prospects, risks, and market positioning to provide an objective investment perspective.

How should I interpret Buy/Hold/Sell ratings?

Buy (7.0-10.0): Strong fundamentals and positive outlook. Hold (4.0-6.9): Mixed signals, suitable for existing positions. Sell (0-3.9): Deteriorating fundamentals or significant risks. These are AI-generated opinions for informational purposes only, not investment advice.

How is the composite score calculated?

The composite score is the mathematical average of the latest scores from each AI provider. For example, if Gemini rates 7.5, Claude rates 4.5, and ChatGPT rates 6.0, the composite score would be (7.5+4.5+6.0)/3 = 6.0. This multi-AI approach reduces bias from any single model.

How often are scores updated?

Scores are automatically generated within hours of quarterly earnings results being published on NSE. The system monitors earnings announcements 4 times daily and processes new reports immediately. Check the "Last Updated" date at the top of this page for the most recent analysis timestamp.

Is this financial advice?

No. This is AI-generated analysis for informational and educational purposes only. MarketsHost is not a SEBI-registered Research Analyst or Investment Adviser. AI models can produce inaccurate results. Always consult a qualified financial advisor and conduct your own due diligence before making investment decisions.