BSE: 530953
SUNIL AGRO FOODS LTD.
Processes and trades wheat and wheat products, operating from a single manufacturing facility in Hosakote, Karnataka, with the head office in Bengaluru. The entire business sits in one segment — manufacturing and trading of wheat and wheat products — which generated Rs. 19,513 lakh of revenue in FY26, down from Rs. 22,890 lakh in FY25. Raw materials account for 89.6% of revenue, consistent with a wheat-milling model, and EBITDA margins are thin at 3.16%. The company returned to a Rs. 0.3971 crore net profit in FY26 from a loss the prior year, but auditors qualified the opinion over an unprovided Rs. 97.57 lakh bad debt owed by Maiyas Beverage and Foods, which entered NCLT in 2019. Packing material inventory of Rs. 1,016.85 lakh sat well above annual consumption of Rs. 271.41 lakh, and operating cash flow was negative at Rs. 465 lakh for the year. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Wheat and wheat products. Single-segment, low-margin, raw-material-heavy wheat processing
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 176 | 210 | 229 | 230 | 197 |
| EBITDA (ex other income) | 5 | 5 | 6 | 3 | 6 |
| margin % | 3.0 | 2.6 | 2.5 | 1.2 | 2.8 |
| Owners' profit | 1 | 1 | 1 | (1) | 0 |
| EPS, as reported (₹) | 3.48 | 2.96 | 2.92 | (3.64) | 1.32 |
| ROE % · ROCE % | 6.9 · 13.9 | 5.6 · 19.0 | 5.2 · 21.8 | (6.9) · 9.7 | 2.4 · 26.0 |
| Debt / equity (x) | 2.21 | 2.34 | 2.28 | 2.03 | 2.50 |
| Cash from operations | (6) | 3 | 4 | 10 | (12) |
| Capex | (2) | (1) | (2) | (0) | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60 | 61 | 60 | 52 | 50 | 49 | 45 | 40 |
| Profit before tax | (1) | (0) | 0 | 0 | 0 | (0) | 0 | 0 |
| Net profit | (1) | (0) | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | (1.95) | 0.00 | 0.17 | 0.11 | 0.40 | 0.09 | 0.73 | 0.33 |
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) | 45.2 | 12.3 | 49 of 53 | 8% |
| P/B | 1.3 | 1.6 | 21 of 51 | 60% |
| ROCE | 2.9 | 4.1 | 38 of 67 | 44% |
| ROE | 2.4 | 3.5 | 29 of 51 | 44% |
| Debt / Equity | 2.5 | 0.4 | 46 of 51 | 10% |
| EBITDA margin | 3.7 | 9.7 | 37 of 45 | 18% |
| Revenue growth | (22.6) | 10.3 | 35 of 51 | 32% |
| Profit growth | 211.2 | 16.6 | 8 of 51 | 86% |
| Market cap | 21 | 66 | 51 of 69 | 27% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 15 Oct 2026 · RTA compliance certificate for Q2 ended Sep 2026 | compliance | minimal | — | — |
| 28 Sept 2026 · The Trading Window for dealing in securities of the Company shall remain closed from Thursday, 1st October, 2026 till the expiry of 48 hours after the declaration of the unaudited Financial .... | compliance | minimal | — | — |
| 23 Sept 2026 · 38th AGM held on Sep 23, 2026; 3 resolutions moved | board shareholder meetings | low | — | — |
| 29 Aug 2026 · Newspaper ad for 38th AGM notice and e-voting info | compliance | minimal | — | — |
| 27 Aug 2026 · 38th AGM notice and FY26 annual report filed | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Annual Report and 38th AGM Notice filed for FY2025-26 | board shareholder meetings | low | — | — |
| 26 Aug 2026 · 38th AGM of Sunil Agro Foods to be held on 23 September 2026 via video call | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Q1 FY26-27 results: PAT up sharply YoY, revenue declines | results | medium | — | — |
| 13 Aug 2026 · Q1 FY27 Results: Revenue down, but PAT rises sharply YoY | results | high | — | — |
| 6 Aug 2026 · Board meeting on 13 Aug 2026 to consider Q1 FY27 results | results | 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.