Operates in the agricultural products space as a hybrid seeds business, per its registered name and industry classification. The operating model is inventory-heavy: closing inventory stood at Rs 232.07 crore in FY26, up Rs 37.51 crore year-on-year, consistent with seasonal seed procurement and stocking patterns. Materials and procurement flow into inventory rather than being expensed directly; employee costs ran at 1.1% of revenue and other operating expenses at 7.2% in FY26. The company is based in the Rajkot area of Gujarat and acquired 4,079.40 sq meters of adjacent industrial land for Rs 1.41 crore in June 2026 to support future expansion. Working capital is under strain, with negative operating cash flow of Rs 15.80 crore in FY26 and total borrowings of Rs 108.27 crore against an ICRA BBB+ (Stable) rating on Rs 145 crore of bank facilities. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Hybrid seeds. Seasonal, inventory-intensive hybrid seeds business with tight working capital
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 228 | 257 | 359 | 344 |
| EBITDA (ex other income) | 22 | 28 | 33 | 36 |
| margin % | 9.4 | 11.1 | 9.1 | 10.4 |
| Owners' profit | 17 | 22 | 26 | 27 |
| EPS, as reported (₹) | 1.61 | 2.10 | 2.52 | 2.54 |
| ROE % · ROCE % | 29.8 · 35.6 | 28.4 · 35.3 | 25.2 · 32.3 | 20.4 · 26.1 |
| Debt / equity (x) | 0.94 | 0.61 | 0.88 | 0.83 |
| Cash from operations | (8) | 12 | (31) | (16) |
| Capex | (3) | (0) | (3) | (3) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28 | 128 | 46 | 153 | 27 | 107 | 66 | 183 |
| Profit before tax | 2 | 9 | 5 | 13 | 2 | 9 | 4 | 15 |
| Net profit | 2 | 9 | 4 | 12 | 2 | 8 | 4 | 14 |
| EPS (₹) | 0.19 | 0.85 | 0.41 | 1.17 | 0.24 | 0.74 | 0.42 | 1.36 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LT FOODS LIMITED | 15,244 | 23.8 | 3.37 | 12.9 | 13.8 | 16.0 | 18.7 | 11.5 |
| KRBL LIMITED | 9,630 | 12.7 | 1.66 | 10.0 | 11.2 | 14.7 | 8.8 | 24.9 |
| GUJARAT AMBUJA EXPORTS LT | 7,486 | 18.0 | 2.27 | 13.9 | 9.2 | 11.7 | 4.0 | 17.0 |
| KAVERI SEED CO. LTD. | 3,703 | 15.0 | 2.11 | 10.0 | 16.9 | 17.0 | 6.1 | 40.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Bombay Super Hybrid Seeds - 12th AGM Notice Newspaper Publication | compliance | minimal | — | — |
| 9 Sept 2026 · Annual Report FY 2025-26 and 12th AGM Notice submitted; RPT approvals sought | results | medium | — | — |
| 9 Sept 2026 · Newspaper Publication of 12th AGM Notice, E-Voting and Book Closure Details | compliance | minimal | — | — |
| 9 Sept 2026 · Bombay Super Hybrid Seeds files BRSR for FY 2025-26 | compliance | low | — | — |
| 9 Sept 2026 · 12th AGM Notice on Sept 30, 2026 - RPT Approvals and Director Re-appointment | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Book closure fixed from Sep 23 to Sep 29, 2026 for AGM | compliance | minimal | — | — |
| 9 Sept 2026 · Board approves AGM notice, director re-appointments and book closure | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Bombay Super Hybrid Seeds buys land in Indore for Rs 3.69 crore for expansion | capex operations | medium | — | — |
| 9 Aug 2026 · Q1 FY26-27 results published in newspapers as per SEBI rule | compliance | minimal | — | — |
| 7 Aug 2026 · Q1 FY26-27 results: revenue and profit up YoY | results | high | — | — |
| 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 |
| TRUALT BIOENERGY LIMITED |
| 3,550 |
| 25.3 |
| 2.25 |
| 13.6 |
| 6.1 |
| 4.8 |
| — |
| 23.5 |
| SANSTAR LIMITED | 2,207 | 65.6 | — | — | — | — | — | 8.8 |
| AMIR CHAND JAG KUM (E) L | 2,131 | 20.4 | 2.31 | 12.6 | 11.2 | 14.8 | — | 9.5 |
| GRM OVERSEAS LIMITED | 1,747 | 13.3 | 2.88 | 16.4 | 12.3 | 16.5 | 17.2 | 8.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 31.3 | 12.0 | 58 of 65 | 11% |
| P/B | 6.9 | 1.7 | 46 of 51 | 10% |
| ROCE | 21.3 | 4.4 | 7 of 68 | 91% |
| ROE | 20.4 | 3.3 | 3 of 54 | 96% |
| Debt / Equity | 0.8 | 0.2 | 40 of 54 | 26% |
| EBITDA margin | 9.7 | 9.7 | 23 of 45 | 50% |
| Revenue growth | 19.4 | 10.3 | 20 of 51 | 62% |
| Profit growth | 16.6 | 16.6 | 26 of 51 | 50% |
| Market cap | 908 | 69 | 12 of 69 | 84% |
| 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 |
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