Runs a diversified group based in Nagpur with at least eight named divisions — Agro, Healthcare, Infrastructure, Power, Distillery, LPG, E10 (ethanol) and Bottling — plus a recently acquired hand-tools business. In the period ended 31 March 2026, Healthcare was the largest profit-generating named division with EBIT of ₹95.4581 crore on revenue of ₹341.2257 crore, followed by Bottling (EBIT ₹18.5218 crore on ₹52.0758 crore), LPG (₹10.751 crore on ₹47.2206 crore), Distillery (₹6.9501 crore on ₹28.0082 crore) and E10 (₹6.8547 crore on ₹29.49 crore); Agro (₹68.9726 crore revenue), Infrastructure (₹2.2622 crore) and Power (₹85.0959 crore) reported segment losses. In March 2026 the company acquired Shubhada Tool Industries through the IBC process, adding hand-tools manufacturing (spanners, pliers, pipe wrenches, angle handles) with a 300 MT per month plant capacity. The board has also approved a scheme to merge six subsidiaries including Varron Aluminium into the listed parent. Group revenue for FY26 stood at ₹2,234.3457 crore with EBITDA margin of 23.3%, and materials were the largest cost at 40.3% of revenue. The company is listed on BSE (Scrip Code 519477) and is seeking a direct listing on NSE. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Healthcare Division, Power Division, Agro Division, Bottling Division, LPG Division, E10 Division, Distillery Division, Infrastructure Division. Diversified conglomerate spanning agro, healthcare, power, ethanol, distillery, LPG and bottling
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 254 | 290 | 171 | 1,029 | 2,234 |
| EBITDA (ex other income) | 23 | 25 | 19 | 142 | 476 |
| margin % | 9.2 | 8.8 | 11.2 | 13.8 | 21.3 |
| Owners' profit | 1 | 0 | 5 | 41 | 223 |
| EPS, as reported (₹) | 0.22 | 0.12 | 1.75 | 14.71 | 79.57 |
| ROE % · ROCE % | 0.8 · 9.6 | 0.4 · 9.6 | 5.5 · 15.1 | 2.0 · 4.0 | 10.0 · 13.2 |
| Debt / equity (x) | 1.11 | 1.54 | 1.20 | 0.64 | 0.54 |
| Cash from operations | 4 | 37 | 65 | 281 | 375 |
| Capex | — | (10) | 0 | (55) | (35) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 125 | 396 | 490 | 511 | 421 | 646 | 656 | 687 |
| Profit before tax | (1) | 36 | 11 | 54 | 12 | 114 | 63 | 154 |
| Net profit | (0) | 33 | 8 | 52 | 19 | 90 | 64 | 150 |
| EPS (₹) | (0.01) | 11.70 | 2.99 | 18.66 | 6.79 | 31.99 | 22.84 | 53.49 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| AGRO DIVISION | 148 | 6.6 |
| HEALTHCARE DIVISION | 390 | 17.5 |
| INFRASTRUCTURE DIVISION | 10 | 0.5 |
| POWER DIVISION | 695 | 31.1 |
| DISTILLERY DIVISION | 97 | 4.4 |
| LPG DIVISION | 168 | 7.5 |
| E10 DIVISION | 106 | 4.7 |
| BOTTLING DIVISION | 163 | 7.3 |
| UNALLOCATED | 2 | 0.1 |
| Agro Division | 63 | 2.8 |
| Healthcare Division | 366 | 16.4 |
| Infrastructure Division |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 6 Sept 2026 · Public Notice on dispatch of 39th AGM Notice | compliance | minimal | — | — |
| 5 Sept 2026 · Letter to Shareholders - 39th AGM Notice and Annual Report FY 2025-26 | compliance | low | — | — |
| 5 Sept 2026 · 39th AGM: Strong FY26 Results, Healthcare/Logistics Expansion Move | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Annual Report FY2025-26: Revenue up 62%, stock doubles | investor communications | medium | — | — |
| 3 Sept 2026 · Board approves 39th AGM on Sept 30, new auditor and MD reappointment | management changes | high | — | — |
| 29 Aug 2026 · Board meeting on 03 Sep to consider auditor appointment and 39th annual report | management changes | medium | — | — |
| 17 Aug 2026 · CS Santosh Diwane appointed at subsidiary Varron Aluminiumm | management changes | low | — | — |
| 7 Aug 2026 · CS Madhubala Dave resigns due to maternity leave; stays as AGM | management changes | high | — | — |
| 7 Aug 2026 · Board meeting on 14 Aug 2026 to approve Q1 FY26 results | results | low | — | — |
| 29 Jul 2026 · BSE approves reclassification of 6 promoter group members to public category | ownership changes | 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 |
| 20 |
| 0.9 |
| Unallocated | 6 | 0.3 |
| Total, before eliminations | 2,234 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MARICO LIMITED | 1,04,273 | 55.0 | 23.20 | 41.2 | 40.3 | 38.1 | 11.1 | 21.9 |
| PATANJALI FOODS LIMITED | 37,097 | 18.8 | 2.83 | 22.7 | 13.9 | 10.3 | — | 4.8 |
| AWL AGRI BUSINESS LIMITED | 24,002 | 20.8 | 2.30 | 9.2 | 10.0 | 11.1 | — | 3.8 |
| GOKUL AGRO RESOURCES LTD | 6,696 | 12.8 | 4.71 | 9.9 | 26.0 | 26.9 | 23.5 | 4.1 |
| CIAN Agro Ind & Infra Ltd ◆ | 3,699 | 11.5 | 1.66 | 9.4 | 10.0 | 7.7 | 53.1 | 32.3 |
| SUNDROP BRANDS LIMITED | 2,492 | 89.3 | 1.69 | 39.8 | 1.4 | 1.7 | — | 6.1 |
| Shri Venkatesh Refineries Limi | 1,128 | 22.8 | — | — | — | 22.2 | — | — |
| KN AGRI RESOURCES LIMITED | 482 | 10.7 | 1.25 | 8.8 | 8.2 | 11.4 | — | 4.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 11.5 | 17.2 | 10 of 29 | 68% |
| P/B | 1.7 | 1.3 | 14 of 24 | 44% |
| ROCE | 7.7 | 7.1 | 15 of 31 | 53% |
| ROE | 10.0 | 6.8 | 10 of 26 | 64% |
| Debt / Equity | 0.5 | 0.2 | 19 of 26 | 28% |
| EBITDA margin | 32.3 | 4.4 | 1 of 26 | 100% |
| Revenue growth | 34.4 | 5.0 | 4 of 25 | 88% |
| Profit growth | 186.7 | 27.1 | 4 of 23 | 86% |
| Market cap | 3699 | 109 | 5 of 30 | 86% |
| 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 |
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.
