Operates two branded food platforms in India and Singapore: nuts and dry fruits under the Krishival brand sold through general trade retailers, and ice creams under the Melt N Mellow brand distributed to retailers via a company-placed deep freezer network. For FY26 (year ended 31 March 2026), the Nuts and Dry Fruits segment contributed Rs 202.452 crore of revenue (69.2% of segment revenue, Rs 25.8325 crore EBIT) and Ice Creams contributed Rs 90.2204 crore (30.8%, Rs 5.8244 crore EBIT), with consolidated revenue of Rs 292.6724 crore and an EBITDA margin of 13.35%. Operations span 189 ice cream SKUs and 67 nuts SKUs, with a geographic footprint covering 300+ Indian towns and 300+ outlets in Singapore. The ice cream business is run through subsidiary Melt N Mellow Foods Private Limited, whose turnover grew from Rs 37.28 crore in FY24 to Rs 90.22 crore in FY26. The cost base is dominated by raw materials at 71.1% of revenue, followed by other operating expenses at 17.0%, employees at 4.1% and depreciation at 2.5%, with capex at 9.7% of revenue funding nuts processing and cold-chain expansion. Customers are Indian general trade retailers reached via the company's deep freezer fleet for ice cream, Singapore retailers for the nuts brand, and a planned franchise-owned, company-operated Mellow & Co. ice cream parlour rollout in Mumbai and Pune from July-August FY27. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Nuts and Dry Fruits (69%), Ice Creams (31%). Branded, distribution-intensive FMCG food business combining a higher-margin nuts and dry fruits segment with a scaling, deep-freezer-dependent ice cream business.
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 202 | 293 |
| EBITDA (ex other income) | 21 | 27 |
| margin % | 10.5 | 9.3 |
| Owners' profit | 14 | 21 |
| EPS, as reported (₹) | 6.08 | 9.63 |
| ROE % · ROCE % | 9.6 · 13.6 | 11.1 · 14.5 |
| Debt / equity (x) | 0.09 | 0.18 |
| Cash from operations | 46 | (15) |
| Capex | (13) | (28) |
| ₹ crore | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 128 | 50 | 67 | 74 | 102 | 89 |
| Profit before tax | 9 | 6 | 7 | 8 | 7 | 7 |
| Net profit | 5 | 4 | 6 | 6 | 6 | 6 |
| EPS (₹) | 2.36 | 1.98 | 2.60 | 2.88 | 2.42 | 2.40 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Nuts and Dry Fruits | 114 | 38.9 |
| Ice Creams | 90 | 30.8 |
| Nuts and Dry fruits | 89 | 30.3 |
| Total, before eliminations | 293 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| EID PARRY INDIA LTD | 12,861 | 27.7 | 0.86 | 4.4 | 9.3 | 13.1 | 15.7 | 8.7 |
| MANORAMA INDUSTRIES LTD | 12,300 | 47.9 | 18.03 | 34.0 | 33.0 | 42.4 | — | 30.3 |
| ORKLA INDIA LIMITED | 8,048 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Newspaper publication of 12th AGM notice | compliance | minimal | — | — |
| 3 Sept 2026 · Krishival Foods met FYERS Asset Management on Sept 3, 2026 | investor communications | low | — | — |
| 3 Sept 2026 · Krishival Foods Annual Report FY26: Revenue up 21%, PAT up 54% | results | high | — | — |
| 3 Sept 2026 · Krishival Foods AGM on Sep 28, 2026; Rs 0.35 dividend and subsidiary funding | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board sets Sept 21, 2026 as record date for dividend; AGM on Sept 28 | corporate actions | high | — | — |
| 2 Sept 2026 · Board approves land lease, Rs.35Cr guarantee to ice cream subsidiary, sets dividend date | capex operations | medium | — | — |
| 2 Sept 2026 · Krishival Foods management meets three analysts on Sept 2 | investor communications | low | — | — |
| 2 Sept 2026 · Newspaper publication of 12th AGM notice submitted to exchanges | compliance | minimal | — | — |
| 31 Aug 2026 · Schedule of investor/analyst meeting on 3 September 2026 | board shareholder meetings | low | — | — |
| 28 Aug 2026 · Investor meetings scheduled for September 2, 2026 | board shareholder meetings | low | — | — |
| 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 |
| 27.3 |
| 2.93 |
| 18.1 |
| 10.4 |
| 13.1 |
| — |
| 19.9 |
| KRISHIVAL FOODS LIMITED ◆ | 963 | 40.6 | 4.82 | 24.9 | 11.1 | 13.1 | — | 13.0 |
| APIS INDIA LTD. | 716 | 2.8 | 3.60 | 18.7 | 12.7 | 15.5 | 7.4 | 11.9 |
| Pajson Agro India Limited | 502 | 38.6 | — | — | — | 24.0 | — | — |
| MEGASTAR FOODS LIMITED | 311 | 31.5 | 3.02 | 12.3 | 9.0 | 7.5 | 26.4 | 5.8 |
| Wardwizard Foods and Beverages | 237 | 40.1 | 2.91 | — | 1.6 | 0.6 | — | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 40.6 | 17.9 | 26 of 28 | 7% |
| P/B | 4.8 | 1.8 | 18 of 19 | 6% |
| ROCE | 13.1 | 12.1 | 15 of 31 | 53% |
| ROE | 11.1 | 5.1 | 5 of 23 | 82% |
| Debt / Equity | 0.2 | 0.4 | 8 of 23 | 68% |
| EBITDA margin | 13.0 | 8.7 | 6 of 21 | 75% |
| Revenue growth | 79.6 | 8.6 | 4 of 17 | 81% |
| Profit growth | 27.2 | 32.7 | 12 of 20 | 42% |
| Market cap | 963 | 118 | 4 of 29 | 89% |
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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 |
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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.
