MRC AGROTECH LIMITED

Operates as a low-margin agricultural trading and distribution business, classified by BSE under Trading & Distributors. FY26 revenue from operations was Rs. 85.46 crore, up about 163% from FY25's Rs. 32.45 crore, with a reported EBITDA margin of roughly 2.3% and profit after tax of Rs. 1.17 crore. The auditor (Choudhary Choudhary & Co) characterised the core business as back-to-back trading with thin margins and flagged that 44.62% of taxable sales were booked in March 2026, with two related parties accounting for 53% of purchases. Cost structure shows effectively no raw material cost (0%), with other operating expenses (~1.8% of revenue) and employee costs (~0.6%) forming the bulk of outlays, consistent with a trading rather than manufacturing model. In July 2026 the company signed a 5-year collaboration and licence agreement with Banaras Hindu University to produce, process, package and sell Foundation, Certified and Truthfully Labelled seeds of wheat variety HUW 838, marking a move into branded seed distribution. During FY26 it also acquired Marsapi Lifesciences Pvt Ltd as a 100% subsidiary through a Rs. 16.85 crore share-swap and is considering taking about 50 acres of land on long-term lease for business use.