BSEPajson Agro India LtdHighNeutral
Announced Wed, 6 May · 18:24 IST

Pajson Agro India Limited has submitted the financial results for the period ended March 31, 2026.

Revenue Growth 20pctEbitda Margin CompressionNegative Operating CashflowResults View source PDF

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AI summary

Pajson Agro India Limited has announced audited standalone financial results for FY26 ended March 31, 2026. Revenue from operations grew 36.5% to Rs 25,572.21 lakhs from Rs 18,726.83 lakhs in FY25. Net profit after tax increased 21.5% to Rs 2,478.38 lakhs from Rs 2,040.66 lakhs. EPS stands at Rs 12.82 (annualized). However, the company reported negative operating cash flow of Rs 1,391.33 lakhs, a significant decline from positive Rs 1,724.07 lakhs in the previous year, primarily due to substantial increases in inventories (Rs 2,354.87 lakhs) and trade receivables (Rs 1,472.19 lakhs). The statutory auditor issued an unmodified (clean) opinion on the financial statements. The company completed its IPO in December 2025 with proceeds of Rs 7,445.33 lakhs, of which Rs 5,030 lakhs remains unutilized.

Likely market impact

While revenue and profit growth are strong, the negative operating cash flow despite higher profits raises concerns about earnings quality and working capital management. Shareholders should monitor the company's ability to convert profits into cash, especially as the IPO funds are being deployed for capacity expansion.