BSE: 542145
Roni Households Limited
Trades agricultural products and manufactures plastic goods through two reportable business segments, with most of its consolidated revenue historically coming from associate Roni Agro Limited, which contributed Rs. 937.26 lakhs or 54.63% of consolidated turnover and 31.25% of consolidated net worth (Rs. 512.73 lakhs). On a standalone basis in FY26, revenue from operations fell sharply to Rs. 237.14 lakhs from Rs. 778.12 lakhs in FY25, and the company swung from a Rs. 68.65 lakh profit to a net loss of Rs. 49.57 lakhs. The cost structure is dominated by materials at 75.1% of revenue, with employee costs at 6.2% and other operating expenses at 23.2%; capex was nil as a share of revenue. The company has been steadily trimming its stake in Roni Agro through small open-market sales at Rs. 12 per share, taking the holding from 50.95% down to 43.56% across April 2026, which caused Roni Agro to be reclassified from a subsidiary to an associate. Other income was heavily supported by government subsidies of Rs. 141.44 lakhs in FY26 and Rs. 58.53 lakhs in H1 FY26, without which standalone results would have been a loss. Operating cash flow was negative Rs. 63.00 lakhs standalone in H1 FY26, and the registered office is in Jalgaon, Maharashtra. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Trading in agricultural products, Manufacturing of plastic goods. Small, trading-and-distribution focused micro-cap with heavy associate exposure and subsidy dependence
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 14 | 17 | 17 | 2 |
| EBITDA (ex other income) | — | — | — | — |
| margin % | — | — | — | — |
| Owners' profit | — | — | — | — |
| EPS, as reported (₹) | 0.14 | 1.19 | 0.56 | 0.44 |
| ROE % · ROCE % | — · 4.1 | — · 4.9 | — · 4.5 | — · (2.4) |
| Debt / equity (x) | — | — | — | — |
| Cash from operations | (4) | (7) | 1 | 0 |
| Capex | — | — | (1) | 0 |
Exhibit 2: Quarterly performance, last 7 quarters
| ₹ crore | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 12 | 5 | 12 | 8 | 10 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | 0 | 1 | 0 | (1) |
| Net profit | — | — | — | — | — | — | — |
| EPS (₹) | (0.10) | 0.00 | (0.10) | 0.12 | 0.68 | 0.01 | 0.43 |
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. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 27,525 | 16.2 | 2.64 | 12.8 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 7,740 | 17.3 | 3.65 | 16.5 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 3,896 | 16.6 | 4.31 | 11.3 | 24.2 | 31.8 | (13.9) | 86.5 |
| CREATIVE NEWTECH LIMITED | 1,653 | 25.4 | 4.27 | 19.0 | 18.1 | 21.0 | — | 5.2 |
| Pervasive Commodities Limited | 1,104 | — | 12.27 | — | (0.0) | (0.0) | — | 45.0 |
| SHIV AUM STEELS LIMITED | 736 | 64.8 | 6.09 | 47.0 | 6.0 | 6.9 | — | 4.9 |
| The Yamuna Syndicate Ltd | 736 | 8.1 | 0.57 | 185.3 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 602 | 0.9 | — | 51.0 | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.4 | 13.9 | 96 of 130 | 26% |
| ROCE | (3.3) | 2.1 | 151 of 177 | 15% |
| Revenue growth | (87.9) | (8.6) | 116 of 135 | 14% |
| Market cap | 38 | 21 | 68 of 179 | 62% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Roni Households files routine RTA compliance certificate for Sep 2026 quarter | compliance | minimal | — | — |
| 5 Oct 2026 · AGM results: all 7 resolutions passed, including auditor re-appointment | management changes | medium | — | — |
| 5 Oct 2026 · 9th AGM voting results: all 7 resolutions passed with 100 percent support | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Roni Households 9th AGM held via VC; 7 resolutions tabled including MD remuneration | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed for insiders from October 1, 2026 | compliance | minimal | — | — |
| 9 Sept 2026 · Roni Households publishes newspaper ad for 9th AGM notice on Sept 30 | compliance | minimal | — | — |
| 8 Sept 2026 · Annual Report 2025-26 and AGM details shared with shareholders | compliance | minimal | — | — |
| 8 Sept 2026 · Annual Report and AGM Notice submitted for FY 2025-26 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · 9th AGM notice: Sept 30, 2026 via VC; auditor and RPT approvals | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Board approves auditor re-appointment and 9th AGM on Sep 30 | management changes | low | — | — |
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.