BSE: 544621
SSMD AGROTECH INDIA LIMITED
Manufactures and sells packaged food products including namkeen, roasted chana and popcorn under its 'House of Manohar' umbrella brand, and has begun importing and trading in agricultural commodities such as maize. FY26 revenue stood at ₹11,534.94 lakhs, up 16.3% from ₹9,917.95 lakhs, while net profit was ₹552.72 lakhs (up from ₹537.75 lakhs). Operations span a Namkeen manufacturing plant whose first phase was completed in March 2026, a D2C retail network with a second store opened on 15 January 2026, and new lines such as Roasted Chana and the 'Manohar Agro Popcorn' brand. The company is also moving into oil-sector trading through an MOU with Demeter Commodities SL, backed by an overdraft facility of up to ₹5 crore approved by the board. It raised ₹3,408.57 lakhs via an IPO on the BSE SME platform on 2 December 2025 (28.17 lakh equity shares at ₹121 each), of which ₹1,230.60 lakhs remained unutilised as of 31 March 2026. Operating cash flow was negative at ₹-1,020.06 lakhs in FY26 due to a ₹1,502.36 lakh surge in trade receivables, and the disclosed cost shape shows employee cost at 1.7% of revenue and other operating expenses at 3.9%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Packaged snacks manufacturing, Agri-commodity import and trading, D2C retail stores, Oil-sector trading (planned). Small, recently-listed packaged foods and agri-commodity trading company in early growth phase
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 115 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 6.38 |
| ROE % · ROCE % | — · 19.8 |
| Debt / equity (x) | — |
| Cash from operations | (10) |
| Capex | (0) |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 63 |
| Profit before tax | 2 |
| Net profit | — |
| EPS (₹) | 1.95 |
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. % |
|---|---|---|---|---|---|---|---|---|
| NESTLE INDIA LIMITED | 2,27,636 | 59.7 | 44.14 | 41.4 | 67.9 | 54.7 | — | 24.4 |
| BRITANNIA INDUSTRIES LTD | 1,09,850 | 42.2 | 21.39 | 29.4 | 49.4 | 59.8 | 7.8 | 18.0 |
| ZYDUS WELLNESS LIMITED | 15,003 | 79.7 | 2.58 | 38.0 | 3.4 | 2.4 | 16.2 | 17.1 |
| BIKAJI FOODS INTERN LTD | 11,647 | 45.0 | 6.82 | 25.8 | 14.9 | 18.3 | — | 15.3 |
| BOMBAY BURMAH TRADING COR | 8,182 | 6.3 | 0.85 | 2.3 | 26.0 | 33.5 | 7.8 | 17.7 |
| MRS BECTORS FOOD SPE LTD | 5,689 | 19.3 | 4.48 | 20.0 | 11.1 | 13.1 | 18.3 | 14.7 |
| GOPAL SNACKS LIMITED | 3,031 | 36.1 | 6.33 | — | 15.4 | 19.4 | — | 7.6 |
| ADF FOODS LIMITED | 2,626 | 28.6 | 4.59 | 17.9 | 15.7 | 18.8 | 13.1 | 18.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 26.9 | 29.2 | 17 of 38 | 57% |
| ROCE | 18.3 | 7.4 | 9 of 40 | 80% |
| Market cap | 31 | 100 | 29 of 43 | 33% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Compliance Certificate under SEBI Reg 74(5) for Q2 FY27 | compliance | minimal | — | — |
| 9 Oct 2026 · CFO resigns, new CFO appointed at SSMD Agrotech India | management changes | high | — | — |
| 18 Sept 2026 · Trading window closed from Oct 1 till Sept 30 half-year results declared | compliance | minimal | — | — |
| 15 Sept 2026 · CFO of SSMD Agrotech India resigns with immediate effect | management changes | high | — | — |
| 14 Jul 2026 · Compliance certificate for Q1 FY27 under SEBI Reg 74(5) | compliance | minimal | — | — |
| 6 Jul 2026 · AGM 2026: All 3 resolutions passed with 100 percent votes in favor | board shareholder meetings | low | — | — |
| 5 Jul 2026 · 3rd AGM held; three ordinary resolutions passed | board shareholder meetings | low | — | — |
| 5 Jul 2026 · SSMD Agrotech India 3rd AGM held; 3 resolutions transacted | board shareholder meetings | low | — | — |
| 23 Jun 2026 · SSMD Agrotech confirms not a Large Corporate under SEBI framework | compliance | minimal | — | — |
| 30 May 2026 · Outcome of Board Meeting | results | high | — | — |
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.