Over two dozens of them reported zero sales for last financial year. Rohit Ferro Tech reported combined losses of Rs 1,400 crore over FY14-17. The company’s sales fell from over Rs 2,500 crore in FY14 to Rs 658 crore in FY17. The company reported Rs 22 crore sales for FY17 against Rs 960.05 crore in FY16! Some may find themselves trading in companies with nil sales and with market-cap of Rs 300-500 crore.

Source: Economic Times August 10, 2017 07:01 UTC