SOURCE NATURAL FOODS & HERBAL

Manufactures and sells herbal and ayurvedic supplements as its single reportable segment, with a growing diversification into renewable energy, EV charging, and waste management. The Ayurveda/herbal supplements business generated ₹55.5322 crore in FY26, supplemented by a new Energy vertical that contributed ₹21.7918 crore covering solar PV projects, EV charging stations, and wastewater and solid waste management. The company has set up two wholly owned subsidiaries — Source Natural Solar Private Limited and Source Natural Estates Private Limited — to house its renewable energy and waste management businesses. Material costs are the largest expense at 11.4% of revenue, followed by other operating expenses at 6.8% and employee costs at 6.4%, with EBITDA margin at 8.45% in FY26. Capital expenditure was 0.9% of revenue in FY26.