The company operates as a small trading entity in the animal food products segment, based in Rajkot, Gujarat and listed on BSE under code 543537. Its revenue comes from purchasing animal food products, recorded in its accounts as stock-in-trade, and reselling them, with no manufacturing activity disclosed in its filings. Purchase of stock-in-trade, at ₹791.88 lakhs in FY26, is the dominant cost item, while employee costs are 1.0% of revenue and other operating costs are 2.3% of revenue. A significant counterparty is Add Shop E-Retail Limited, a related party in which directors are interested, with purchases of ₹969.74 lakhs and sales of ₹26.20 lakhs disclosed for the year. Revenue from operations declined sharply in FY26 and the second half of the year turned loss-making on a pre-tax basis, pulling the full year to a loss after tax of ₹7.41 lakhs. The company carries no outstanding borrowings as of March 31, 2026 and has no subsidiaries. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Animal food products trading. Small, single-segment trading entity with no manufacturing and no debt.
| ₹ crore · consolidated | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | 41 | 14 | 12 | 10 |
| EBITDA (ex other income) | — | — | — | — |
| margin % | — | — | — | — |
| Owners' profit | — | — | — | — |
| EPS, as reported (₹) | 0.15 | 0.03 | 0.61 | 0.02 |
| ROE % · ROCE % | — · 0.7 | — · 0.2 | — · 2.6 | — · 0.1 |
| Debt / equity (x) | — | — | — | — |
| Cash from operations | (5) | (1) | 0 | (2) |
| Capex | — | — | 0 | 0 |
| ₹ crore | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 21 | 13 | 0 | 10 | 2 | 8 | 2 |
| Profit before tax | 0 | 0 | (0) | 0 | 0 | 0 | 0 | (0) |
| Net profit | — | — | — | — | — | — | — | — |
| EPS (₹) | 0.08 | 0.07 | (0.12) | 0.15 | 0.14 | 0.47 | 0.26 | 0.24 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,974 | 41.6 | 6.66 | 27.5 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 19,663 | 71.5 | 3.95 | 25.3 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,368 | 19.0 | 1.55 | 12.4 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,965 | 30.1 | 2.51 | 14.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 21 Aug 2026 · Newspaper notice published for 15th AGM, book closure and e-voting | compliance | minimal | — | — |
| 21 Aug 2026 · Book Closure for 15th AGM from Sept 9 to Sept 16, 2026 | compliance | minimal | — | — |
| 19 Aug 2026 · 15th AGM on Sep 16, 2026 via VC; seeks nod for related party deals worth up to Rs 50 Cr | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Scarnose International submits Annual Report FY26 and 15th AGM notice | board shareholder meetings | low | — | — |
| 19 Aug 2026 · Board recommends Material Related Party Transactions, fixes AGM date | compliance | medium | — | — |
| 19 Aug 2026 · Board approves related party deals, fixes 15th AGM on September 16, 2026 | board shareholder meetings | low | — | — |
| 29 Jul 2026 · Scarnose appoints Margi Dedaniya as Company Secretary | management changes | medium | — | — |
| 29 Jul 2026 · Board appoints new Company Secretary and Compliance Officer | management changes | medium | — | — |
| 15 Jul 2026 · Filing of Regulation 74(5) compliance certificate for Q1 FY27 | compliance | minimal | — | — |
| 21 May 2026 · Integrated Filing (Finance) for the Half Year ended on 31st March, 2026 | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| INDO COUNT INDUSTRIES LTD |
| 8,757 |
| 58.0 |
| 3.72 |
| 21.1 |
| 5.4 |
| 5.4 |
| 10.5 |
| 13.3 |
| GARWARE TECH FIBRES LTD | 7,675 | 37.1 | 5.67 | 24.0 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 5,314 | 63.1 | 6.17 | 40.6 | 8.1 | 9.0 | 6.1 | 8.7 |
| RAYMOND LIFESTYLE LIMITED | 4,213 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 32.3 | 14.8 | 151 of 205 | 27% |
| ROCE | 0.1 | 4.2 | 174 of 227 | 24% |
| Revenue growth | 399.3 | 6.9 | 13 of 192 | 94% |
| Market cap | 11 | 63 | 192 of 221 | 13% |
| 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 |
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.
