BSE: 544659
STANBIK AGRO LIMITED
A Gujarat-based agricultural products company in the FMCG segment recorded FY26 revenue of Rs. 85.8951 crore, up about 49% year-on-year, with profit after tax of Rs. 4.36 crore and an EBITDA margin of approximately 5.6% as per the audited results. It completed its BSE SME IPO in December 2025, raising Rs. 12.28 crore, with the bulk earmarked for working capital (Rs. 6.39 crore) and retail network expansion (Rs. 3.58 crore). As of March 31, 2026, only Rs. 4.63 crore (37.7%) of the IPO proceeds had been utilised, with the company stating that rent agreements for the planned retail outlets were still being finalised. The statutory auditors issued an unmodified opinion but included an emphasis of matter regarding missing balance confirmations and age-wise analysis for certain trade receivables and payables. Operating cash flow for FY26 was negative at Rs. -408.57 lakhs, though improved from the prior year. Cost structure data shows employee costs at 0.6% of revenue, other operating expenses at 1.7% and capex at 0.1%, leaving the bulk of revenue unaccounted for in the available cost breakdown. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Agricultural / FMCG products. Small, recently-listed agricultural / FMCG company with low single-digit EBITDA margin, negative operating cash flow, and most IPO proceeds still parked in bank accounts
Exhibit 1: Financial summary, FY26–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY26 |
|---|---|
| Revenue | 86 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 3.27 |
| ROE % · ROCE % | — · 14.3 |
| Debt / equity (x) | — |
| Cash from operations | (4) |
| Capex | (0) |
Exhibit 2: Quarterly performance, last 1 quarters
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 50 |
| Profit before tax | 2 |
| Net profit | — |
| EPS (₹) | 1.60 |
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. % |
|---|---|---|---|---|---|---|---|---|
| LT FOODS LIMITED | 13,579 | 21.2 | 3.00 | 11.6 | 13.8 | 16.0 | 18.7 | 11.5 |
| KRBL LIMITED | 8,108 | 10.7 | 1.40 | 8.4 | 11.2 | 14.7 | 8.8 | 24.9 |
| GUJARAT AMBUJA EXPORTS LT | 6,628 | 15.9 | 2.01 | 12.4 | 9.2 | 11.7 | 4.0 | 17.0 |
| KAVERI SEED CO. LTD. | 3,503 | 14.2 | 2.00 | 9.4 | 16.9 | 17.0 | 6.1 | 40.1 |
| TRUALT BIOENERGY LIMITED | 3,301 | 23.5 | 2.09 | 12.9 | 6.1 | 4.8 | — | 23.5 |
| INDRAYANI BIOTECH LTD. | 2,984 | 22.4 | 29.23 | 218.8 | 1.9 | 0.2 | 45.6 | 8.2 |
| AMIR CHAND JAG KUM (E) L | 2,249 | 21.5 | 2.43 | 13.1 | 11.2 | 14.8 | — | 9.5 |
| GRM OVERSEAS LIMITED | 1,823 | 13.9 | 3.01 | 17.1 | 12.3 | 16.5 | 17.2 | 8.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 15.4 | 12.3 | 34 of 53 | 37% |
| ROCE | 14.3 | 4.1 | 22 of 67 | 68% |
| Market cap | 33 | 66 | 43 of 69 | 38% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 7 Oct 2026 · RTA confirms no shares dematerialised in Q2 FY27 under SEBI Reg 74(5) | compliance | minimal | — | — |
| 1 Oct 2026 · Stanbik Agro clarifies on share price movement, no known reason | regulatory legal | low | — | — |
| 30 Sept 2026 · Exchange seeks clarification on price movement | regulatory legal | medium | — | — |
| 25 Sept 2026 · Trading window closed from 1 Oct 2026 till H1 FY26 results declared | compliance | minimal | — | — |
| 17 Sept 2026 · Stanbik Agro appoints Anil Kumar Vijayvargia as Independent Director for 5 years | management changes | medium | — | — |
| 17 Sept 2026 · Appointment of Secretarial Auditor for five year term | management changes | low | — | — |
| 17 Sept 2026 · 5th AGM results: all 4 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 15 Sept 2026 · Stanbik Agro 5th AGM held on Sep 15, 2026; 4 resolutions moved, voting results pending | board shareholder meetings | low | — | — |
| 24 Aug 2026 · Stanbik Agro sends AGM notice letters to shareholders without registered emails | compliance | minimal | — | — |
| 22 Aug 2026 · AGM on 15 Sep 2026 through video conferencing; e-voting cut-off 8 Sep | 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.