Manufactures maize oil and maize cake (cattle feed) as a single operating segment, reporting Rs. 40,316.70 lakhs in revenue from operations for FY26, up 3.15% from Rs. 39,085.79 lakhs in FY25. Profit after tax rose to Rs. 601.81 lakhs from Rs. 497.25 lakhs, with basic EPS of Rs. 11.14 against Rs. 9.21. The product range is being extended: groundnut oil production commenced on April 28, 2026 in both household and HoReCa (hotel, restaurant, catering) packs, and three new cattle nutritional supplements — MAYANK VITA H LIQUID, MAYANK FAT and MAYANK CAL GOLD — were launched in May 2026 to support milk fat, calcium balance and overall livestock health. All output is targeted at the domestic market, with no exports planned initially. Cost structure is heavily raw-material driven, with materials accounting for 92.1% of revenue, employee costs at 1.2% and other operating expenses at 2.8%, while capex ran at 0.4% of revenue at Rs. 1.795 crore. The board remains controlled by the Vachhani family, with four of five directors (Managing Director and three Whole-time Directors) drawn from it. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Manufacturing of Maize Oil & Maize Cake (100%). Single-segment, family-controlled FMCG and animal-feed manufacturer; raw-material-heavy, low-capex
| ₹ crore · consolidated | FY25 |
|---|---|
| Revenue | 392 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 9.33 |
| ROE % · ROCE % | — · 28.9 |
| Debt / equity (x) | — |
| Cash from operations | 12 |
| Capex | (8) |
| ₹ crore | Q2 FY25 | Q4 FY25 | Q2 FY26 |
|---|---|---|---|
| Revenue | 179 | 213 | 187 |
| Profit before tax | 3 | 4 | 3 |
| Net profit | — | — | — |
| EPS (₹) | 3.79 | 5.54 | 4.66 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GODREJ AGROVET LIMITED | 12,984 | 29.1 | 6.00 | 15.1 | 20.6 | 17.6 | 10.3 | 8.9 |
| AVANTI FEEDS LIMITED | 10,900 | 20.5 | 2.94 | 11.5 | 17.7 | 23.5 | 8.1 | 9.0 |
| MUKKA PROTEINS LIMITED | 984 | 14.2 | 1.86 | 12.1 | 10.8 | 12.8 | — | 10.1 |
| KSE LTD. | 569 | 0.8 | 1.63 | — | 24.0 | 30.5 | — | (0.5) |
| SHIVAM CHEMICALS LIMITED | 203 | 24.4 | — | — | — | 17.8 | — | — |
| AJOONI BIOTECH LIMITED | 60 | 14.5 | 0.66 | — | 4.7 | 6.2 | — | 3.1 |
| Mayank Cattle Food Limited ◆ | 57 | 7.5 | — | — | — | — | — | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 25 Aug 2026 · Bonus Shares Allotted in 1:1 Ratio | corporate actions | high | — | — |
| 24 Aug 2026 · Mayank Cattle Food launches new udder health product MAYANK UDDERSAFE | business updates | low | — | — |
| 8 Aug 2026 · Mayank Cattle Food fixes record date for 1:1 bonus shares | corporate actions | high | — | — |
| 8 Aug 2026 · AGM voting results: All 15 resolutions passed, bonus issue approved | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Authorised share capital doubled from Rs 6 crore to Rs 12 crore | corporate actions | medium | — | — |
| 6 Aug 2026 · 28th AGM held; bonus shares and capital hike proposed | board shareholder meetings | low | — | — |
| 11 Jul 2026 · Routine compliance filing on dematerialisation of securities for Q1 FY27 | compliance | minimal | — | — |
| 10 Jul 2026 · Mayank Cattle Food sends Annual Report web link to shareholders for FY 2025-26 | compliance | minimal | — | — |
| 10 Jul 2026 · Notice of 28th AGM and e-voting details published in newspapers | compliance | minimal | — | — |
| 9 Jul 2026 · Mayank Cattle Food files 28th Annual Report for FY2025-26 | results | high | — | — |
| 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 |
| NARMADA AGROBASE LIMITED |
| 55 |
| 72.0 |
| — |
| — |
| — |
| — |
| — |
| 5.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 7.5 | 17.5 | 2 of 8 | 86% |
| Market cap | 57 | 386 | 7 of 8 | 14% |
| 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 |
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