BSE: 507663
SIGNATURE GREEN CORPORATION LI
Classified under the edible oil and soybean-products industry, the company (formerly Sagar Soya Products Limited) reports nil revenue from operations across all recent quarters, with profits coming only from 'Other Income' (likely interest and investment income). Its newly acquired wholly-owned subsidiary, Arvind Foods Limited, also reported nil turnover for FY25, and a draft scheme of merger by absorption to consolidate the two entities was approved by the board in April 2026, requiring NCLT and SEBI approvals. Both companies are described as operating in similar food, soybean, edible oil, and animal feed businesses, but neither has active operations in the periods covered by the filings. The standalone profit after tax for FY26 was Rs. 19.84 lakhs versus Rs. 30.84 lakhs in FY25, with total expenses (other operating expenses, employee benefits, and depreciation) far exceeding revenue from operations. The company has been conserving cash through investments and is now working to revive or reorganize its food/oil business through the Arvind Foods merger. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Revenue from operations (0%), Other Income (100%). Non-operating FMCG/agri-food company with edible oil and soybean classification; earnings driven by Other Income, not operations
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 0 |
| EBITDA (ex other income) | (1) |
| margin % | (1940.5) |
| Owners' profit | 0 |
| EPS, as reported (₹) | 0.55 |
| ROE % · ROCE % | 1.5 · 2.0 |
| Debt / equity (x) | 0.00 |
| Cash from operations | 1 |
| Capex | (1) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q3 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 0 | 0 |
| Profit before tax | 0 | (0) |
| Net profit | 0 | (0) |
| EPS (₹) | 0.08 | (0.45) |
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. % |
|---|---|---|---|---|---|---|---|---|
| MARICO LIMITED | 1,00,900 | 53.2 | 22.45 | 39.8 | 40.3 | 38.1 | 11.1 | 21.9 |
| PATANJALI FOODS LIMITED | 37,853 | 19.2 | 2.89 | 23.1 | 13.9 | 10.3 | — | 4.8 |
| AWL AGRI BUSINESS LIMITED | 22,724 | 19.7 | 2.18 | 8.7 | 10.0 | 11.1 | — | 3.8 |
| GOKUL AGRO RESOURCES LTD | 6,138 | 11.8 | 4.31 | 9.2 | 26.0 | 26.9 | 23.5 | 4.1 |
| CIAN Agro Ind & Infra Ltd | 2,430 | 7.5 | 1.09 | 6.9 | 10.0 | 7.7 | 53.1 | 32.3 |
| SUNDROP BRANDS LIMITED | 2,413 | 86.5 | 1.63 | 38.5 | 1.4 | 1.7 | — | 6.1 |
| Shri Venkatesh Refineries Limi | 1,659 | 33.5 | — | — | — | 22.2 | — | — |
| KN AGRI RESOURCES LIMITED | 472 | 10.5 | 1.23 | 8.6 | 8.2 | 11.4 | — | 4.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 0.1 | 1.2 | 2 of 25 | 96% |
| ROCE | 2.0 | 7.4 | 27 of 30 | 10% |
| ROE | 1.5 | 8.2 | 22 of 25 | 13% |
| Debt / Equity | 0.0 | 0.2 | 1 of 25 | 79% |
| EBITDA margin | (251.6) | 4.4 | 25 of 26 | 4% |
| Market cap | 2 | 108 | 30 of 31 | 3% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 3 Oct 2026 · Compliance Certificate under Reg 74(5) for quarter ended Sep 30, 2026 | compliance | minimal | — | — |
| 28 Sept 2026 · 44th AGM results: all 3 resolutions passed, new Independent Director appointed | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · 44th AGM voting results: all 3 resolutions passed | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Shareholders approve Mrs. Renu Singh as Independent Director for 5-year term | management changes | medium | — | — |
| 28 Sept 2026 · 44th AGM proceedings of Signature Green Corporation held on 28 Sept 2026 | board shareholder meetings | low | — | — |
| 28 Sept 2026 · 44th AGM held on 28 Sep 2026; three resolutions moved for approval | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · 44th AGM held on Sept 28, 2026; financial statements adopted | board shareholder meetings | medium | — | — |
| 9 Sept 2026 · Newspaper publication for re-lodgement of physical share transfer deeds | compliance | minimal | — | — |
| 4 Sept 2026 · Newspaper advertisement for 44th AGM notice dispatch | compliance | minimal | — | — |
| 3 Sept 2026 · Book Closure for 44th AGM from Sep 22 to Sep 28, 2026 | board shareholder meetings | 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.