BSE: 531156
ALFAVISION OVERSEAS (INDIA) LT
Operates in organic farming and agricultural products, classified under Other Agricultural Products. In FY26, revenue stood at Rs 1.99 crore, reported through a single reportable segment. Materials and farm inputs account for 83.7% of revenue (Rs 1.67 crore), with employee costs at 3.9% (Rs 0.0768 crore), other operating expenses at 3.6% (Rs 0.0707 crore) and depreciation at 1.8% (Rs 0.0367 crore). Net profit margin was 7.08% on a profit of Rs 0.141 crore, with total assets of Rs 180.91 crore against a debt-to-equity ratio of 3.21. The board has approved amended lease agreements covering approximately 220 acres of land in Village Saras, Tehsil Icchawar, District Sehore, Madhya Pradesh, leased from promoter-related entities for a 5-year term with deposits of about Rs 111.35 crore, with profits to be shared 60:40 between the company and the lessors. A term sheet has been signed with Della Resorts and Adventure Private Limited to develop an integrated hospitality, adventure and lifestyle project on this land, covering luxury resorts, villas, wellness facilities, an adventure park and residences, with an indicative gross development value of over Rs 2,000 crore, to be executed via a Special Purpose Vehicle holding 74% with the company and promoter group and 26% with Della. The company has also acquired an additional 34% stake in Alfa Valley Resort and Wellness for about Rs 34,000, raising its holding to 74% and making it a subsidiary; that target had nil turnover over the last three years. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Organic farming / agricultural products (100%). Asset-heavy micro-cap agricultural producer with a small single-segment P&L and a recently announced strategic pivot into hospitality and real estate development on leased Madhya Pradesh land.
Exhibit 1: Financial summary, FY19–FY23 (all audited; no estimate years)
| ₹ crore · consolidated | FY19 | FY20 | FY21 | FY22 | FY23 |
|---|---|---|---|---|---|
| Revenue | 116 | 157 | 179 | 182 | 59 |
| EBITDA (ex other income) | 2 | 3 | 4 | 5 | 3 |
| margin % | 2.0 | 2.1 | 2.2 | 2.7 | 4.5 |
| Owners' profit | 0 | 0 | 1 | 0 | 0 |
| EPS, as reported (₹) | 0.49 | 0.53 | 4.55 | 6.54 | (6.87) |
| ROE % · ROCE % | 1.5 · 15.6 | 1.4 · 10.1 | 10.7 · 13.1 | 4.5 · 3.5 | (5.0) · 1.3 |
| Debt / equity (x) | 2.93 | 1.66 | 4.06 | 3.13 | 3.71 |
| Cash from operations | — | — | (3) | (3) | (6) |
| Capex | — | — | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY22 | Q2 FY22 | Q3 FY22 | Q4 FY22 | Q1 FY23 | Q2 FY23 | Q3 FY23 | Q4 FY23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 54 | 58 | 68 | 44 | 15 | 1 | (2) |
| Profit before tax | 0 | 0 | 0 | 1 | 0 | 1 | (0) | (3) |
| Net profit | 0 | 0 | 0 | 1 | 0 | 1 | (0) | (3) |
| EPS (₹) | 0.08 | 1.39 | 1.29 | 3.78 | 1.39 | 0.00 | (1.59) | (10.16) |
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. % |
|---|---|---|---|---|---|---|---|---|
| LT FOODS LIMITED | 14,064 | 22.0 | 3.11 | 12.0 | 13.8 | 16.0 | 18.7 | 11.5 |
| KRBL LIMITED | 8,814 | 11.6 | 1.52 | 9.1 | 11.2 | 14.7 | 8.8 | 24.9 |
| GUJARAT AMBUJA EXPORTS LT | 7,226 | 17.4 | 2.19 | 13.4 | 9.2 | 11.7 | 4.0 | 17.0 |
| TRUALT BIOENERGY LIMITED | 3,643 | 26.0 | 2.31 | 13.8 | 6.1 | 4.8 | — | 23.5 |
| KAVERI SEED CO. LTD. | 3,485 | 14.1 | 1.99 | 9.4 | 16.9 | 17.0 | 6.1 | 40.1 |
| INDRAYANI BIOTECH LTD. | 3,444 | 25.9 | 33.73 | 251.2 | 1.9 | 0.2 | 45.6 | 8.2 |
| AMIR CHAND JAG KUM (E) L | 2,206 | 21.1 | 2.39 | 12.9 | 11.2 | 14.8 | — | 9.5 |
| SANSTAR LIMITED | 1,948 | 57.9 | — | — | — | — | — | 8.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.9 | 1.6 | 14 of 51 | 74% |
| ROCE | (1.1) | 4.1 | 53 of 67 | 21% |
| ROE | (5.0) | 3.5 | 40 of 51 | 22% |
| Debt / Equity | 3.7 | 0.4 | 48 of 51 | 6% |
| EBITDA margin | 106.1 | 9.7 | 1 of 45 | 100% |
| Revenue growth | (102.5) | 10.3 | 51 of 51 | 0% |
| Profit growth | (368.7) | 16.6 | 48 of 51 | 6% |
| Market cap | 37 | 68 | 43 of 69 | 38% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Oct 2026 · Reg 74(5) compliance certificate filed for Q2 FY26 | compliance | minimal | — | — |
| 1 Oct 2026 · Alfavision Overseas appoints Satyam Chourasia as Independent Director | management changes | medium | — | — |
| 1 Oct 2026 · AGM results: All 8 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 1 Oct 2026 · Alfavision 32nd AGM: financials adopted, auditor and director reappointed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Alfavision Overseas 32nd AGM held on Sep 30, 2026; 8 resolutions tabled | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading window to close from October 1 ahead of Q2 results | compliance | minimal | — | — |
| 10 Sept 2026 · 32nd AGM notice and Annual Report 2025-26 sent to shareholders | compliance | minimal | — | — |
| 9 Sept 2026 · Newspaper advertisement for Annual General Meeting notice | compliance | minimal | — | — |
| 9 Sept 2026 · CIN changed by Ministry of Corporate Affairs after BSE listing | general | minimal | — | — |
| 8 Sept 2026 · Cut-off date fixed for e-voting at 32nd AGM | board shareholder meetings | low | — | — |
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.