BSE: 530735
SUPER BAKERS (INDIA) LTD.
Originally ran a wheat grinding operation, but wheat grinding has been suspended since February 2015 and the company reports zero revenue from operations. Its entire FY26 income of Rs 91.56 lakh came from 'other income' (consistent with interest on bank deposits), against which it posted a profit after tax of Rs 47.30 lakh, up 11.1% from Rs 42.57 lakh the year before. Cash and cash equivalents grew to Rs 459.77 lakh, the company carries no debt, and operating cash flow for the year was Rs 54 lakh. The only activity in recent filings is corporate maintenance — board meetings, AGM scheduling, trading-window closures, secretarial and statutory auditor changes, and compliance submissions to BSE. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Other income. Dormant listed entity with no operating business, sustained by interest income on cash reserves.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (0) | (0) | (0) |
| margin % | — | — | — | — | — |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | 0.93 | 0.91 | 1.17 | 1.41 | 1.57 |
| ROE % · ROCE % | 7.0 · 9.4 | 6.4 · 8.7 | 7.6 · 10.3 | 8.3 · 9.9 | 8.5 · 10.1 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 0 | 0 | 0 | 0 | 1 |
| Capex | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (₹) | 0.34 | 0.34 | 0.44 | 0.33 | 0.42 | 0.39 | 0.42 | 0.32 |
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 | 2,25,418 | 59.2 | 43.71 | 41.0 | 67.9 | 54.7 | — | 24.4 |
| BRITANNIA INDUSTRIES LTD | 1,10,429 | 42.4 | 21.50 | 29.6 | 49.4 | 59.8 | 7.8 | 18.0 |
| ZYDUS WELLNESS LIMITED | 14,793 | 78.6 | 2.54 | 37.6 | 3.4 | 2.4 | 16.2 | 17.1 |
| BIKAJI FOODS INTERN LTD | 11,603 | 44.9 | 6.80 | 25.7 | 14.9 | 18.3 | — | 15.3 |
| BOMBAY BURMAH TRADING COR | 8,286 | 6.4 | 0.86 | 2.4 | 26.0 | 33.5 | 7.8 | 17.7 |
| MRS BECTORS FOOD SPE LTD | 5,577 | 18.9 | 4.39 | 19.6 | 11.1 | 13.1 | 18.3 | 14.7 |
| GOPAL SNACKS LIMITED | 3,057 | 36.4 | 6.38 | — | 15.4 | 19.4 | — | 7.6 |
| ADF FOODS LIMITED | 2,635 | 28.6 | 4.61 | 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) | 21.0 | 29.5 | 15 of 38 | 62% |
| P/B | 1.8 | 2.6 | 14 of 34 | 61% |
| ROCE | 10.1 | 7.4 | 17 of 40 | 59% |
| ROE | 8.5 | 7.7 | 17 of 34 | 52% |
| Debt / Equity | 0.0 | 0.1 | 1 of 33 | 81% |
| Profit growth | (3.9) | 14.1 | 24 of 33 | 28% |
| Market cap | 10 | 96 | 42 of 43 | 2% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 21 Oct 2026 · Board to approve September quarter unaudited results | results | low | — | — |
| 10 Oct 2026 · Routine RTA certificate for share dematerialisation for Q2 FY27 | compliance | minimal | — | — |
| 26 Sept 2026 · Trading Window Closed from Oct 1 Ahead of Q2 Results | compliance | minimal | — | — |
| 21 Sept 2026 · Two Independent Directors retire after completing 5-year term | management changes | medium | — | — |
| 21 Sept 2026 · Shareholders approve two Independent Directors and Secretarial Auditor at AGM | management changes | medium | — | — |
| 21 Sept 2026 · Shareholders approve new Independent Directors and Secretarial Auditor at 32nd AGM | management changes | medium | — | — |
| 21 Sept 2026 · All 5 resolutions passed at 32nd AGM with 100% approval | board shareholder meetings | low | — | — |
| 21 Sept 2026 · 32nd AGM: All 5 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 21 Sept 2026 · Super Bakers 32nd AGM: FY26 accounts adopted, two new independent directors appointed | board shareholder meetings | low | — | — |
| 21 Sept 2026 · Super Bakers 32nd AGM held on 21 Sept 2026; key resolutions passed | 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.