BSE: 544539
Solvex Edibles Limited
Operates in the edible oil segment of the FMCG sector, with consolidated FY26 revenue of Rs 154.26 crore against total assets of Rs 114.12 crore. The cost structure is dominated by materials at 74.7% of revenue, consistent with an edible oil business where crude oil or oilseeds form the bulk of input costs; employee costs are 1.2% and other operating expenses 8.9% of revenue. The company is based in Uttar Pradesh and listed on the BSE SME platform. It has a material unlisted subsidiary, Shree Oils And Fats (I) Private Limited, which is consolidated in the reported financials. Standalone revenue grew from Rs 242.06 lakh to Rs 686.48 lakh in FY26, while capex of 2.0% of revenue continues to be deployed. The company raised Rs 18.87 crore through a public issue in September 2025, of which Rs 8.31 crore was earmarked for plant and machinery (Rs 3.06 crore utilised as of 31 March 2026), Rs 5.90 crore for repayment of borrowings (fully utilised), Rs 2.79 crore for general corporate purposes (fully utilised), and Rs 1.87 crore for issue expenses. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Edible oil business. Asset-light FMCG edible oil processor with material subsidiary
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 154 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 0.09 |
| ROE % · ROCE % | — · 10.9 |
| Debt / equity (x) | — |
| Cash from operations | (2) |
| Capex | (3) |
Exhibit 2: Quarterly performance, last 2 quarters
| ₹ crore | Q2 FY26 | Q4 FY26 |
|---|---|---|
| Revenue | 42 | 112 |
| Profit before tax | 1 | 0 |
| Net profit | — | — |
| EPS (₹) | 0.09 | 0.94 |
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/E (TTM) | 13.9 | 17.8 | 11 of 28 | 63% |
| ROCE | 2.3 | 7.4 | 26 of 30 | 14% |
| Market cap | 13 | 108 | 28 of 31 | 10% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · Routine Compliance Filing For Quarter Ended September 2026 | compliance | minimal | — | — |
| 2 Oct 2026 · AGM results: All 7 resolutions passed with 100% approval | compliance | minimal | — | — |
| 30 Sept 2026 · Solvex Edibles appoints Secretarial Auditor at AGM | management changes | medium | — | — |
| 30 Sept 2026 · Solvex Edibles 13th AGM held via video conferencing on 30 Sep 2026 | board shareholder meetings | low | — | — |
| 20 Sept 2026 · Trading Window Closure from 1 Oct 2026 for H2 Results | compliance | minimal | — | — |
| 8 Sept 2026 · AGM Notice Published in Newspapers for Sept 30 Meeting | compliance | minimal | — | — |
| 3 Sept 2026 · Solvex Edibles: 13th AGM on Sep 30 via video conferencing; e-voting Sep 27-29 | compliance | minimal | — | — |
| 3 Sept 2026 · AGM notice and Annual Report for FY 2025-26 submitted to BSE | board shareholder meetings | medium | — | — |
| 2 Sept 2026 · 13th AGM Notice: financials, director reappointment, two related party deals | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board clears AGM plan, related-party limits and director remuneration | board shareholder meetings | medium | — | — |
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.