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Dossier · Flora Corporation Limited · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
Operates as a small trading and distribution business listed on BSE, classified under Commercial Services & Supplies. Generated Rs 84.52 crore in revenue in FY26, down from Rs 147.91 crore in FY25 — a decline of about 43%. The cost structure is dominated by purchased materials at 98% of revenue, reflecting a pass-through trading model with very thin margins (EBITDA margin of 0.379% in FY26). After posting losses through the first three quarters of FY26, the company reported a full-year profit after tax of Rs 31.42 lakhs (FY25: Rs 10.54 lakhs) with EPS of Rs 0.36. The business has its registered office in Secunderabad, Telangana, and qualifies as a small listed entity with paid-up capital of Rs 8.73 crore and net worth of Rs 5.13 crore as of March 2026; reserves stood at negative Rs 751.30 lakhs as of December 2025. The filings disclose related-party transaction limits with Think Big Enterprises Private Limited (up to Rs 100 crore per annum) and Surya Mitra Traders (up to Rs 50 crore per annum), both linked to Whole-time Director & CFO Rajesh Gandhi. The specific products traded and the customer base are not described in the available filings. AR · MarketPing reader · 2026-08-02
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ crore · standalone
FY22
FY23
FY24
FY25
FY26
Revenue
37
37
145
148
85
EBITDA (ex other income)
0
0
1
0
0
margin %
0.2
0.4
0.4
0.1
0.4
Owners' profit
0
0
0
0
0
EPS, as reported (₹)
0.04
0.10
0.44
0.12
0.36
ROE % · ROCE %
0.9 · 1.2
2.0 · 2.9
8.2 · 11.1
2.2 · 3.4
6.1 · 6.1
Debt / equity (x)
0.00
0.00
0.00
0.00
0.00
Cash from operations
5
0
0
0
1
Capex
(0)
0
0
0
(0)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Flora Corporation Limited · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Revenue
14
47
50
13
16
29
26
9
Profit before tax
(2)
(9)
11
(0)
(1)
(3)
4
(1)
Net profit
(2)
(9)
11
(0)
(1)
(3)
4
(1)
EPS (₹)
(1.96)
(10.68)
12.58
(0.11)
(0.82)
(3.52)
4.80
(0.73)
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
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. %
REDINGTON LIMITED
27,525
16.2
2.64
12.8
12.3
15.7
15.9
2.2
MMTC LIMITED
7,740
17.3
3.65
16.5
18.3
21.6
(83.7)
18426.5
MSTC LIMITED
3,896
16.6
4.31
11.3
24.2
31.8
(13.9)
86.5
CREATIVE NEWTECH LIMITED
1,653
25.4
4.27
19.0
18.1
21.0
—
5.2
Pervasive Commodities Limited
1,104
—
12.27
—
(0.0)
(0.0)
—
45.0
SHIV AUM STEELS LIMITED
736
64.8
6.09
47.0
6.0
6.9
—
4.9
The Yamuna Syndicate Ltd
736
8.1
0.57
185.3
4.0
0.3
4.8
6.2
THE STATE TRADING CORPN
602
0.9
—
51.0
—
—
—
—
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/B
1.1
0.9
81 of 150
46%
ROCE
6.1
2.1
60 of 177
67%
ROE
6.1
2.3
52 of 158
68%
Debt / Equity
0.0
0.1
1 of 154
73%
EBITDA margin
(7.5)
4.5
115 of 137
16%
Revenue growth
(35.6)
(8.6)
88 of 135
35%
Profit growth
(598.7)
0.6
147 of 157
6%
Market cap
5
21
157 of 179
12%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · Flora Corporation Limited · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
23 Oct 2026 · Board approves Rs 50 lakh preferential issue to promoter group
board shareholder meetings
low
—
—
19 Oct 2026 · Flora Corp Board to evaluate fund raising proposal on Oct 23
board shareholder meetings
low
—
—
9 Oct 2026 · Compliance certificate for share dematerialisation under SEBI Reg 74(5)
compliance
minimal
—
—
30 Sept 2026 · Trading window closed from Oct 1, 2026 till Q2 FY26 results declaration
compliance
minimal
—
—
28 Sept 2026 · Flora Corporation 38th AGM results: both resolutions passed with strong majority
board shareholder meetings
low
—
—
26 Sept 2026 · The 38th Annual General Meeting of Flora Corporation Limited was held on Saturday the 26th Day of September, 2026 through video conferencing
board shareholder meetings
low
—
—
3 Sept 2026 · Flora Corporation 38th AGM notice on September 26, 2026 via video conferencing
board shareholder meetings
low
—
—
2 Sept 2026 · Flora Corporation 38th AGM on 26 Sep 2026 via video conferencing
board shareholder meetings
low
—
—
10 Aug 2026 · Flora Corporation board to meet on Aug 14 to consider Q1 FY27 results
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
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A rating (BUY / ADD / REDUCE / SELL)
A state: the latest filed quarter and the measured reactions
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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
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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.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
