BSE: 506543
M.P.AGRO INDUSTRIES LTD.
Classified in the Fertilizers & Agrochemicals space with a stated single segment of agriculture input products and by-products, but the company has not commenced any commercial activities during the year. Total income for FY26 of Rs. 39.69 lakhs came almost entirely from other income, specifically interest of Rs. 39.57 lakhs, with revenue from operations recorded as zero across all periods. Profit after tax for FY26 stood at Rs. 6.90 lakhs, up from Rs. 2.80 lakhs in FY25, against total expenses of Rs. 31.97 lakhs. The balance sheet shows total assets of Rs. 621.04 lakhs and equity of Rs. 600.93 lakhs, with NIL outstanding borrowing and cash and cash equivalents of Rs. 24.34 lakhs. Operating cash flow remained negative at Rs. (27.22) lakhs, and the statutory auditors issued an unmodified opinion on the FY26 results. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Agriculture input products and by-products, Interest income (other income). Non-operating entity classified under Fertilizers & Agrochemicals, currently earning only interest on surplus cash.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | — | — | (75.1) | — | — |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.05 | 0.04 | 0.08 | 0.08 | 0.00 |
| ROE % · ROCE % | 0.5 · 0.9 | 0.4 · 0.2 | 0.7 · 1.0 | 1.0 · 1.5 | 1.1 · 1.3 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (0) | (0) | (0) | (0) | (0) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.03 | 0.01 | 0.02 | 0.02 | 0.03 | 0.02 | 0.00 | 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. % |
|---|---|---|---|---|---|---|---|---|
| COROMANDEL INTERNTL. LTD | 50,253 | 27.4 | 3.83 | 14.5 | 14.5 | 18.6 | 17.2 | 9.9 |
| FACT LTD | 43,930 | 1578.8 | 31.95 | 135.4 | 1.8 | 1.8 | — | (0.2) |
| CHAMBAL FERTILIZERS LTD | 14,451 | 7.5 | 1.39 | 5.4 | 18.8 | 20.7 | 10.3 | 17.5 |
| PARADEEP PHOSPHATES LTD | 14,327 | 13.4 | 2.11 | 9.2 | 14.7 | 16.5 | — | 12.5 |
| MADHYA BHARAT AGRO P. LTD | 7,399 | 11.5 | 13.46 | — | 27.3 | 16.6 | — | 17.1 |
| KRISHANA PHOSCHEM LIMITED | 6,708 | 8.4 | 11.96 | — | 32.1 | 30.2 | — | 17.9 |
| GUJ STATE FERT & CHEM LTD | 5,459 | 7.9 | 0.44 | 5.0 | 5.5 | 6.5 | 7.5 | 7.4 |
| RASHTRIYA CHEMICALS & FER | 5,327 | 11.9 | 1.04 | 7.8 | 8.3 | 8.2 | 17.4 | 7.1 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 138.0 | 10.7 | 19 of 20 | 5% |
| P/B | 0.7 | 0.9 | 9 of 23 | 64% |
| ROCE | 1.3 | 8.8 | 21 of 23 | 9% |
| ROE | 1.1 | 8.3 | 21 of 23 | 9% |
| Debt / Equity | 0.0 | 0.3 | 1 of 23 | 100% |
| Profit growth | 94.5 | 6.4 | 3 of 23 | 91% |
| Market cap | 4 | 805 | 23 of 23 | 0% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Company updates website disclosures to meet SEBI LODR requirements | compliance | minimal | — | — |
| 26 Oct 2026 · Special window opened for physical share transfer re-lodgement | compliance | minimal | — | — |
| 21 Oct 2026 · Board meeting and trading window closure for September 2026 quarter | results | low | — | — |
| 21 Oct 2026 · Board to review September 2026 unaudited results on November 5 | results | low | — | — |
| 8 Oct 2026 · Routine compliance certificate for Q2 FY27 dematerialisation | compliance | minimal | — | — |
| 30 Sept 2026 · All 3 resolutions passed at 50th AGM with 100 percent votes in favour | compliance | minimal | — | — |
| 29 Sept 2026 · 50th AGM held; MD re-appointment, financial statements adopted | board shareholder meetings | low | — | — |
| 22 Sept 2026 · Trading window closure from October 1, 2026 for Q2 results | compliance | minimal | — | — |
| 7 Sept 2026 · Newspaper publication of 50th AGM notice | compliance | minimal | — | — |
| 2 Sept 2026 · Letters sent to shareholders for 50th AGM and FY26 Annual Report | compliance | minimal | — | — |
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.