NSE: HALDER · BSE: 539854
HALDER VENTURE LIMITED
Manufactures and sells edible oil and rice, two commodity food categories that together generated Rs 646.20 crore of revenue in FY26. Materials made up 32.2% of revenue, making raw agricultural inputs the largest cost line, followed by other operating expenses at 9.6% and employee costs at 3.1%. Net profit for FY26 stood at Rs 31.90 crore on an EBITDA margin of 11.33%. Operations extend beyond India, with businesses in Singapore, Benin, Togo, Ghana and Bangladesh. During FY26 it acquired the Haldia Manufacturing Unit of K.S. Oil Limited, expanding its edible oil processing footprint. The business carried Rs 387.27 crore of bank facilities rated Crisil BBB-/Stable, drawn from SBI, PNB, Bank of India, Axis Bank, ICICI, Union Bank, Central Bank and Bank of Baroda. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Edible Oil (52%), Rice (48%). FMCG food processing in rice and edible oil, internationally spread operations
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 891 | 365 | 644 | 844 | 646 |
| EBITDA (ex other income) | 29 | 15 | 34 | 43 | 28 |
| margin % | 3.3 | 4.2 | 5.2 | 5.1 | 4.3 |
| Owners' profit | 0 | 6 | 12 | 21 | 29 |
| EPS, as reported (₹) | 71.38 | 18.75 | 36.91 | 66.35 | 25.65 |
| ROE % · ROCE % | 19.1 · 28.2 | 4.8 · 11.6 | 8.6 · 24.1 | 13.7 · 33.3 | 17.5 · 28.1 |
| Debt / equity (x) | 0.90 | 1.56 | 1.75 | 1.93 | 1.97 |
| Cash from operations | 115 | (71) | (2) | 25 | 15 |
| Capex | (5) | (26) | (10) | (68) | (42) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 356 | 147 | 103 | 98 | 145 | 300 | 187 | 427 |
| Profit before tax | 27 | 1 | 6 | (7) | 21 | 20 | 7 | 11 |
| Net profit | 21 | (8) | 3 | (11) | 21 | 19 | 3 | 7 |
| EPS (₹) | 51.31 | 26.51 | 7.39 | (8.94) | 16.71 | 15.38 | 2.78 | 6.01 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| RICE | 176 | 26.7 |
| Edible Oil | 189 | 28.7 |
| Rice | 138 | 21.0 |
| Edible Oil | 115 | 17.4 |
| OIL | 41 | 6.2 |
| Total, before eliminations | 659 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| MARICO LIMITED | 1,16,708 | 57.6 | 23.06 | 50.1 | 23.9 | 24.4 | 11.1 | 18.2 |
| PATANJALI FOODS LIMITED | 44,766 | 22.7 | 3.42 | 26.8 | 13.9 | 10.3 | — | 4.8 |
| AWL AGRI BUSINESS LIMITED | 21,625 | 18.8 | 1.98 | 9.8 | 5.4 | 6.1 | — | 2.8 |
| GOKUL AGRO RESOURCES LTD | 6,601 | 14.2 | 3.89 | 10.4 | 15.8 | 17.3 | 23.5 | 3.5 |
| CIAN Agro Ind & Infra Ltd | 3,347 | 10.4 | 1.50 | 9.5 | 10.0 | 7.7 | 53.1 | 29.4 |
| SUNDROP BRANDS LIMITED | 2,380 | 57.9 | 1.57 | 39.7 | 1.5 | 2.0 | — | 5.2 |
| Shri Venkatesh Refineries Limi | 1,637 | 33.1 | — | — | — | 22.2 | — | 5.2 |
| KN AGRI RESOURCES LIMITED | 496 | 11.0 | 1.29 | 10.3 | 8.2 | 11.4 | — | 4.1 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.3 | 14.9 | 5 of 30 | 86% |
| P/B | 1.9 | 1.3 | 16 of 25 | 38% |
| Debt / Equity | 2.1 | 0.2 | 25 of 25 | 0% |
| EBITDA margin | 6.6 | 4.3 | 9 of 30 | 72% |
| Revenue growth | 336.1 | 6.4 | 1 of 27 | 100% |
| Profit growth | 168.8 | 29.2 | 6 of 25 | 79% |
| Market cap | 371 | 114 | 9 of 31 | 73% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 5 Nov 2026 · Newspaper publication of September 2026 financial results | compliance | minimal | — | — |
| 3 Nov 2026 · No deviation in use of preferential issue proceeds | compliance | minimal | — | — |
| 3 Nov 2026 · Consolidated quarter ended 30 Sep 2026: revenue up 145% year on year; profit after tax Rs 402 lakh | results | high | — | — |
| 3 Nov 2026 · Board approves Sep 2026 results: revenue up 145%, PAT swings to profit | results | medium | — | — |
| 28 Oct 2026 · Board to approve September quarter and half-year results | results | low | — | — |
| 12 Oct 2026 · Routine Reg 74(5) compliance certificate filing for Q2 FY27 | compliance | minimal | — | — |
| 6 Oct 2026 · Promoter Mr. Prabhat Kumar Haldar passes away | ownership changes | high | — | — |
| 6 Oct 2026 · Promoter Mr. Prabhat Kumar Haldar Passes Away; Holds 13.625% Stake | ownership changes | high | — | — |
| 25 Sept 2026 · Trading window closed from Oct 1, 2026 till Q2 FY26 results announcement | compliance | minimal | — | — |
| 9 Sept 2026 · Company Secretary and Compliance Officer resigns from Halder Venture | management changes | medium | — | — |
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.