BSE: 543262
MRP Agro Limited
Processes pulses (dal) and trades agro commodities including grains, coal, and flyash from a base in Tikamgarh, Madhya Pradesh. The business runs as a single segment — Manufacturing & Trading of Agro Commodities — and operates milling facilities for pulses, with a new pulse mill commenced at Jabalpur for FY27. A separate flour mill processing maida, atta, suji, and bran has seen investment of over ₹20 crore, with machinery ordered and civil construction substantially completed by March 2026. The sales strategy shifted in FY26 from direct trader sales to supplying through city-wise plant dealers, intended to build brands and volumes. FY26 revenue was ₹59.09 crore, with raw materials (purchased agro commodities) accounting for 69.4% of revenue at ₹41.01 crore. Capital expenditure in FY26 was ₹4.36 crore (7.4% of revenue). One subsidiary, PRM Tradelink Private Limited, was acquired in June 2025. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Manufacturing & Trading of Agro Commodities. Small-scale agro-processing and commodity trading, asset-light on employees, working-capital-heavy on inventory
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 59 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 3.67 |
| ROE % · ROCE % | — · 11.9 |
| Debt / equity (x) | — |
| Cash from operations | 2 |
| Capex | (4) |
Exhibit 2: Quarterly performance, last 4 quarters
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 21 | 10 | 14 | 28 |
| Profit before tax | 2 | 1 | 2 | 3 |
| Net profit | — | — | — | — |
| EPS (₹) | 1.36 | 0.34 | 0.00 | 1.91 |
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. % |
|---|---|---|---|---|---|---|---|---|
| Khemani Distributors & Marketi | 261 | 5.7 | — | — | — | (21.7) | — | — |
| M K EXIM (INDIA) LTD. | 233 | 28.6 | 0.00 | — | 0.0 | 0.0 | — | 14.1 |
| ACE MEN ENGG WORKS LIMITED | 152 | 560.7 | 2.28 | 420.9 | 0.2 | 0.3 | — | 3.2 |
| MRP Agro Limited ◆ | 101 | 24.4 | — | — | — | 11.8 | — | — |
| TAVEXIA LIFECARE LIMITED | 45 | 7.9 | 1.04 | 64.8 | 0.5 | 0.4 | — | (8.0) |
| Kotia Enterprises Limited | 18 | — | 0.63 | — | (8.7) | (10.9) | — | (240.9) |
| Radhagobind Commercial Limited | 2 | — | — | — | 8.7 | 8.7 | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.4 | 23.7 | 28 of 52 | 47% |
| ROCE | 11.8 | 5.1 | 20 of 63 | 69% |
| Market cap | 101 | 493 | 45 of 66 | 32% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 1 Oct 2026 · MRP Agro reappoints A.Y. & Company as statutory auditor for second term | management changes | medium | — | — |
| 1 Oct 2026 · MRP Agro 8th AGM Results: All 3 Resolutions Passed Unanimously | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Trading Window Closed for Insiders Ahead of Q2 Results | compliance | minimal | — | — |
| 29 Sept 2026 · MRP Agro 8th AGM concludes; three ordinary resolutions passed | board shareholder meetings | low | — | — |
| 9 Sept 2026 · MRP Agro sends Annual Report FY2025-26 weblink; 8th AGM on Sep 29, 2026 | compliance | minimal | — | — |
| 7 Sept 2026 · MRP Agro FY25-26 Annual Report and 8th AGM Notice | board shareholder meetings | medium | — | — |
| 7 Sept 2026 · MRP Agro announces 8th AGM on September 29, 2026 | compliance | minimal | — | — |
| 7 Sept 2026 · Notice of 8th AGM on September 29, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Board meeting outcome: Secretarial auditor change, 8th AGM on Sep 29 | management changes | high | — | — |
| 14 Aug 2026 · MRP Agro Q1 FY27 results: Revenue 2193L, PAT 167L | results | high | — | — |
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.