Makes and sells packaged food products, with spices and a sattu portfolio among the named categories, running 7 manufacturing facilities with a combined capacity of 1,466 MT per day. Distribution reaches 3.5 lakh+ retail outlets through 1,000+ distributors, with e-commerce contributing 14% of B2C revenue. The portfolio spans 254 SKUs. In FY26, revenue was ₹871.4 crore, up 2.5% year-on-year, with EBITDA margin at 9.8% and net profit of ₹42.4 crore, up 19.6%. The spices category grew 19% year-on-year and e-commerce revenue grew 43% year-on-year. Raw materials are the dominant cost at 74.6% of revenue, consistent with a food processing model tied to agricultural commodity prices. The company carries negative net debt of ₹643 million, a 23-day cash conversion cycle, and pays out roughly 48% of profit as dividends. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Spices, Sattu portfolio, Other packaged foods. Distribution-heavy packaged foods FMCG with a multi-category, multi-SKU portfolio
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 871 |
| EBITDA (ex other income) | 86 |
| margin % | 9.8 |
| Owners' profit | 42 |
| EPS, as reported (₹) | 11.04 |
| ROE % · ROCE % | 11.4 · 17.1 |
| Debt / equity (x) | 0.02 |
| Cash from operations | 80 |
| Capex | (45) |
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 203 | 239 | 212 | 218 | 189 |
| Profit before tax | 13 | 15 | 16 | 13 | 17 |
| Net profit | 10 | 11 | 12 | 10 | 13 |
| EPS (₹) | 2.62 | 3.04 | 3.02 | 2.37 | 3.14 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NESTLE INDIA LIMITED | 2,66,742 | 70.0 | 51.72 | 48.5 | 67.9 | 54.7 | — | 24.4 |
| BRITANNIA INDUSTRIES LTD | 1,19,535 | 45.9 | 23.27 | 32.0 | 49.4 | 59.8 | 7.8 | 18.0 |
| ZYDUS WELLNESS LIMITED | 17,452 | 92.7 | 3.00 | 43.2 | 3.4 | 2.4 | 16.2 | 17.1 |
| BIKAJI FOODS INTERN LTD | 13,784 | 53.3 | 8.07 | 30.5 | 14.9 | 18.3 | — | 15.3 |
| BOMBAY BURMAH TRADING COR | 9,974 | 7.7 | 1.04 | 2.8 | 26.0 | 33.5 | 7.8 | 17.7 |
| MRS BECTORS FOOD SPE LTD | 7,452 | 25.3 | 5.86 | 26.1 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Board approves land purchase in Assam for expansion | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Promoter Manish Mimani buys 18,000 shares worth about Rs 30 lakh via open market | regulatory legal | medium | — | — |
| 3 Sept 2026 · Board meeting on Sep 9 to consider strategic expansion | strategic transactions | medium | — | — |
| 29 Aug 2026 · Annual Report FY 2025-26 link and 26th AGM notice sent to shareholders | general | minimal | — | — |
| 28 Aug 2026 · 38th AGM notice and e-voting details published | compliance | minimal | — | — |
| 28 Aug 2026 · Promoter Manish Mimani buys 30,200 shares via open market | ownership changes | medium | — | — |
| 27 Aug 2026 · Annual Report FY2025-26 submitted; AGM on Sept 21, 2026 | general | medium | — | — |
| 17 Aug 2026 · Ganesh Consumer withdraws revised record date, original Aug 14, 2026 stands | corporate actions | medium | — | — |
| 13 Aug 2026 · Record date revised for FY26 final dividend | corporate actions | medium | — | — |
| 10 Aug 2026 · Earnings call transcript for Q1 FY27 uploaded on website | investor communications | medium | — | — |
| 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 |
| 11.1 |
| 13.1 |
| 18.3 |
| 14.7 |
| GOPAL SNACKS LIMITED | 3,225 | 38.4 | 6.74 | — | 15.4 | 19.4 | — | 7.6 |
| ADF FOODS LIMITED | 2,968 | 32.3 | 5.19 | 20.2 | 15.7 | 18.8 | 13.1 | 18.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.3 | 31.1 | 10 of 40 | 77% |
| P/B | 1.8 | 3.0 | 12 of 34 | 67% |
| ROCE | 14.4 | 7.0 | 14 of 41 | 68% |
| ROE | 11.4 | 7.7 | 14 of 36 | 63% |
| Debt / Equity | 0.0 | 0.1 | 15 of 36 | 60% |
| EBITDA margin | 12.1 | 9.9 | 13 of 33 | 63% |
| Revenue growth | (7.1) | 14.1 | 28 of 36 | 23% |
| Profit growth | 31.4 | 14.1 | 14 of 33 | 59% |
| Market cap | 661 | 91 | 13 of 43 | 71% |
| 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.
