Dynamic Microsteppers reports Rs 1.73 crore negative net worth

Dynamic Microsteppers Limited reported negative total equity of Rs 1.73 crore at September 30, 2026, widening from negative Rs 1.59 crore at March 31, 2026, as its Rs 14 lakh half-year loss reduced other equity. Non-current borrowings increased by Rs 11.85 lakh to Rs 1.92 crore over the same period.

Why did Dynamic Microsteppers’ negative net worth increase?

Dynamic Microsteppers’ negative total equity increased by Rs 14 lakh because other equity fell by the same amount during the half year ended September 30, 2026, while paid-up share capital stayed at Rs 3.45 crore. Other equity was negative Rs 5.18 crore at September 30, compared with negative Rs 5.04 crore at March 31, 2026.

Total equity represents the combination of share capital and other equity in the statement of assets and liabilities. The unchanged Rs 3.45 crore share capital partly offset negative other equity of Rs 5.18 crore, resulting in negative total equity of Rs 1.73 crore at September 30, 2026; six months earlier, total equity stood at negative Rs 1.59 crore.

The Rs 14 lakh deterioration in other equity corresponds with Dynamic Microsteppers’ reported loss for the half year ended September 30, 2026. The company reported a Rs 14 lakh loss for that period, compared with a Rs 15.90 lakh loss in the half year ended September 30, 2025, meaning the year-on-year loss narrowed by Rs 1.89 lakh but remained a charge on equity.

How did Dynamic Microsteppers’ borrowings change by September 2026?

Dynamic Microsteppers’ non-current borrowings rose to Rs 1.92 crore at September 30, 2026, from Rs 1.80 crore at March 31, 2026. The Rs 11.85 lakh increase is also shown as an increase in borrowings under financing activities in the half-year cash-flow statement.

The September 30 statement lists the Rs 1.92 crore balance under non-current financial liabilities. It does not show an amount for short-term borrowings, while total current liabilities rose by Rs 1.24 lakh to Rs 18.71 lakh from Rs 17.47 lakh at March 31, 2026, reflecting other current liabilities in the filing.

Non-current borrowings of Rs 1.92 crore exceeded total assets of Rs 37.28 lakh at September 30, 2026. The statement nevertheless reconciled total equity and liabilities of Rs 37.28 lakh with total assets of Rs 37.28 lakh, with the negative equity balance offset by reported liabilities.

What happened to Dynamic Microsteppers’ cash and assets?

Dynamic Microsteppers’ cash and cash equivalents declined by Rs 90,744 in the half year ended September 30, 2026, closing at Rs 11,043. The company had opened the financial year with cash and cash equivalents of Rs 1.02 lakh, and the cash-flow statement records the same Rs 90,744 net decrease.

Net cash used in operating activities was Rs 12.75 lakh in the half year ended September 30, 2026. The Rs 11.85 lakh financing inflow from higher borrowings partly offset that operating outflow, leaving the stated decline in cash; the filing showed no investing cash flow for the period.

Total assets declined by Rs 92,224 over the six months to Rs 37.28 lakh at September 30, 2026. Property, plant and equipment was unchanged at Rs 37.16 lakh, while current assets closed at Rs 12,246 and other current assets were Rs 1,203, compared with Rs 2,682 at March 31, 2026.

What do the latest results show about Dynamic Microsteppers’ losses?

Dynamic Microsteppers reported a loss of Rs 5.34 lakh for the quarter ended September 30, 2026, after a Rs 8.67 lakh loss in the preceding June 2026 quarter. The sequential quarterly loss therefore decreased by Rs 3.33 lakh, although it was Rs 1.92 lakh higher than the Rs 3.42 lakh loss reported for the quarter ended September 30, 2025.

Other expenses were Rs 14 lakh for the half year ended September 30, 2026, matching the reported loss before tax and loss for the period. The statement did not show an amount for income from operations, other income, finance cost, depreciation, tax expense or exceptional items for that half year.

Basic and diluted earnings per share were both negative Rs 0.15 for the September 2026 quarter, versus negative Rs 0.25 in the June 2026 quarter and negative Rs 0.10 in the September 2025 quarter. Dynamic Microsteppers said it operates in a single business segment, so the results provide no segment-level revenue, asset or profit breakdown.

Were Dynamic Microsteppers’ September 2026 results reviewed?

Dynamic Microsteppers’ unaudited standalone results for the quarter and half year ended September 30, 2026 were reviewed by S S R V & Associates, Chartered Accountants. In its November 14, 2026 report, the reviewer said nothing had come to its attention that caused it to believe the statement failed to disclose information required under Regulation 33 of the Securities and Exchange Board of India listing regulations.

The review report states that a limited review provides moderate assurance and is narrower than an audit, and the reviewer did not express an audit opinion. Dynamic Microsteppers’ board approved the results on November 14, 2026, at a meeting that began at 7:00 p.m. and concluded at 7:20 p.m.

The figures are standalone rather than consolidated results and were prepared under Indian Accounting Standard 34, or Ind AS 34, for interim financial reporting. The September 30, 2026 filing therefore records negative total equity of Rs 1.73 crore, non-current borrowings of Rs 1.92 crore and cash of Rs 11,043 as the disclosed position at that date.

Conclusion

Dynamic Microsteppers’ September 30, 2026 balance sheet shows that a Rs 14 lakh half-year loss lowered other equity to negative Rs 5.18 crore and widened negative total equity to Rs 1.73 crore. At the same time, non-current borrowings increased by Rs 11.85 lakh, cash fell by Rs 90,744 and total assets declined by Rs 92,224.

The next results announcement will show whether losses, borrowing levels and cash change from the September 30, 2026 position. The November 14, 2026 filing does not disclose a capital-raising target, borrowing repayment plan or operating recovery plan, leaving the treatment of the negative equity position unresolved.