BSE: 540190
Franklin Industries Limited
Operates as a single-business entity described in its filings as "primarily engaged in agricultural activities," with no separately reportable business segments. Revenue from operations fell sharply across FY26 — quarterly net sales collapsed from Rs. 1,015.38 lakhs in Q3 FY25 to Rs. 51.60 lakhs in Q3 FY26, and full-year FY26 revenue was Rs. 25.25 crore. The filings do not specify what agricultural products or services are produced, the scale of operations, or end customers. The cost structure is dominated by other operating expenses (60% of revenue per F_COST_SHAPE), with negligible materials (0%) and employee (0.5%) costs in relative terms. The company completed a 1:48 stock split in August 2025 and a rights issue of 48.20 crore shares at Rs. 1 face value, raising Rs. 4,820 lakhs and lifting share capital from Rs. 2,892 lakhs to Rs. 7,712 lakhs. FY26 ended in a net loss of Rs. 1,862.09 lakhs, and the company carries multiple compliance flags including BSE fines of Rs. 4,10,640, non-constitution of an Audit Committee in Q2 FY26, and the Company Secretary's resignation in June 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Agricultural activities. Small, single-segment entity self-described as engaged in agricultural activities, with sharply declining revenue and ongoing losses
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 17 | 21 | 51 | 175 | 25 |
| EBITDA (ex other income) | (0) | 0 | 11 | 11 | (19) |
| margin % | (0.2) | 1.5 | 21.7 | 6.4 | (73.8) |
| Owners' profit | 0 | 0 | 10 | 11 | (19) |
| EPS, as reported (₹) | 0.02 | 0.59 | 2.89 | 0.39 | (0.24) |
| ROE % · ROCE % | 0.2 · 0.4 | 5.2 · 7.1 | 72.0 · 77.6 | 17.3 · 17.1 | (19.8) · (19.5) |
| Debt / equity (x) | 0.00 | 0.01 | 0.02 | 0.00 | 0.00 |
| Cash from operations | 2 | 2 | (1) | (39) | (48) |
| Capex | 0 | 0 | 0 | (0) | 0 |
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 | 27 | 30 | 91 | 12 | 7 | 1 | 6 | 6 |
| Profit before tax | 4 | 4 | (3) | 3 | 0 | (10) | (11) | 0 |
| Net profit | 4 | 3 | (3) | 2 | 0 | (8) | (11) | 0 |
| EPS (₹) | 0.28 | 0.11 | (0.12) | 0.07 | 0.00 | (0.10) | (0.14) | 0.00 |
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 | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.2 | 0.9 | 15 of 150 | 91% |
| ROCE | (19.5) | 2.1 | 170 of 177 | 4% |
| ROE | (19.8) | 2.3 | 149 of 158 | 6% |
| Debt / Equity | 0.0 | 0.1 | 1 of 154 | 73% |
| EBITDA margin | 1.9 | 4.5 | 97 of 137 | 29% |
| Revenue growth | (48.1) | (8.6) | 92 of 135 | 32% |
| Profit growth | (98.4) | 0.6 | 120 of 157 | 24% |
| Market cap | 22 | 21 | 89 of 179 | 51% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Board to review September quarter and half-year results | compliance | low | — | — |
| 16 Oct 2026 · RTA Certificate under SEBI Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · Trading window closed for Q2 and H1 FY27 results | compliance | minimal | — | — |
| 1 Sept 2026 · AGM voting results: both resolutions passed | compliance | minimal | — | — |
| 1 Sept 2026 · Scrutinizer's Report on 44th AGM held on 29 August 2026 | compliance | minimal | — | — |
| 29 Aug 2026 · Franklin Industries 44th AGM held; 2 ordinary resolutions considered | board shareholder meetings | low | — | — |
| 11 Aug 2026 · Book Closure for 44th AGM from Aug 22 to Aug 29, 2026 | corporate actions | low | — | — |
| 7 Aug 2026 · 44th Annual Report FY26, AGM on 29 August 2026 | compliance | medium | — | — |
| 7 Aug 2026 · 44th AGM on 29 Aug 2026; revenue drops 85 percent, net loss of Rs 18.6 cr | board shareholder meetings | low | — | — |
| 7 Aug 2026 · Franklin Industries Board approves 44th AGM notice; meeting on 29 Aug 2026 | 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.