BSE: 544422
Abram Food Limited
Manufactures and distributes packaged food products in the fast-moving consumer goods (FMCG) segment, operating out of New Delhi. Distribution in East Delhi and South Delhi is handled through carrying and forwarding (C&F) agents M/s. Shiv Shakti Trading and M/s. R R Enterprises, who manage storage, transportation, and branding. Revenue from operations stood at ₹11,211.78 lakhs in FY26, a 75% increase from ₹6,404.49 lakhs in FY25, while profit after tax reached ₹325.55 lakhs against ₹130.71 lakhs the previous year. The company listed on the BSE SME platform in July 2025 via a ₹1,399.44 lakh IPO, with proceeds funding working capital (₹670 lakhs fully deployed) and machinery purchase (₹308.83 lakhs deployed of a planned ₹385 lakhs by September 2025). Materials account for 15.7% of revenue. Trade receivables jumped to ₹1,632.15 lakhs in FY26, and operating cash flow was deeply negative at -₹1,608.87 lakhs, primarily due to the receivables and inventory build-up. Promoter and promoter group hold 67.33% of shares with no pledged holdings. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. FMCG food products. Small-cap, growth-stage FMCG food products company on the BSE SME platform with deeply negative operating cash flow
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 112 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 4.89 |
| ROE % · ROCE % | — · 15.2 |
| Debt / equity (x) | — |
| Cash from operations | (16) |
| Capex | (2) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 56 | 56 |
| Profit before tax | 2 | 0 |
| Net profit | — | — |
| EPS (₹) | 3.95 | 1.16 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| EID PARRY INDIA LTD | 11,045 | 23.8 | 0.74 | 3.8 | 9.3 | 13.1 | 15.7 | 8.7 |
| MANORAMA INDUSTRIES LTD | 10,957 | 42.7 | 16.06 | 30.4 | 33.0 | 42.4 | — | 30.3 |
| ORKLA INDIA LIMITED | 7,178 | 24.4 | 2.61 | 16.1 | 10.4 | 13.1 | — | 19.9 |
| KRISHIVAL FOODS LIMITED | 816 | 34.4 | 4.08 | 21.1 | 11.1 | 13.1 | — | 13.0 |
| APIS INDIA LTD. | 743 | 2.9 | 3.74 | 19.3 | 12.7 | 15.5 | 7.4 | 11.9 |
| Pajson Agro India Limited | 675 | 51.8 | — | — | — | 24.0 | — | — |
| Chemkart India Limited | 311 | 14.8 | — | — | — | 20.7 | — | — |
| MEGASTAR FOODS LIMITED | 288 | 29.1 | 2.80 | 11.6 | 9.0 | 7.5 | 26.4 | 5.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.3 | 24.1 | 5 of 26 | 84% |
| ROCE | 12.1 | 12.6 | 16 of 30 | 48% |
| Market cap | 19 | 107 | 28 of 29 | 4% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · BSE SME status makes standard governance rules inapplicable | compliance | minimal | — | — |
| 21 Oct 2026 · Integrated Governance Filing for quarter ended 30 Sep 2026 | compliance | minimal | — | — |
| 21 Oct 2026 · Shareholding pattern for H2 FY26 filed with BSE | ownership changes | low | — | — |
| 15 Oct 2026 · Routine Compliance: Share Demat Certificate Submitted | compliance | minimal | — | — |
| 30 Sept 2026 · Abram Food 18th AGM voting results - both resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 29 Sept 2026 · Abram Food 18th AGM proceedings held via video conference on Sep 29 | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · Abram Food refiles FY26 Annual Report with BSE | compliance | minimal | — | — |
| 21 Sept 2026 · Trading window closed for H2 FY26 results approval | compliance | minimal | — | — |
| 3 Sept 2026 · Abram Food 18th AGM on September 29 via video conferencing | compliance | minimal | — | — |
| 1 Sept 2026 · 18th AGM Notice Published in Newspapers - Sept 29, 2026 | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.