The Supreme Court upheld the National Financial Reporting Authority’s 10-year audit ban and Rs 20 lakh penalty on Anil Chauhan for misconduct during the audit of Seya Industries. Chauhan’s appeal was dismissed as he was found to be non-compliant and non-cooperative in meeting the required accounting and auditing standards.

Supreme Court upholds NFRA’s 10-year ban and Rs 20 lakh fine for auditor Anil Chauhan over Seya Industries’ misconduct

Seya Industries reports standalone net loss of Rs 29.58 crore in the September 2020 quarter

Seya Industries reports standalone net loss of Rs 24.41 crore in the June 2020 quarter

Sakshi Batra does a 3-Point Analysis of the earnings fine print and shares an outlook on the company.

3-Point Analysis | Seya Industries Q1 FY20 review

Seya Industries Q1 -- Ability to sustain high margin profile a kicker

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Seya Industries is engaged in manufacturing and exporting of pigment, pharmaceuticals, agrochemicals and rubber chemicals intermediates