NSE: SIEL · BSE: 519234
SUPERIOR INDUSTRIAL ENT L
Operates in the edible oil space, formerly called Superior Vanaspati Limited, with hydrogenated vegetable oil (vanaspati) as the core product line. On a standalone basis FY26 revenue from operations was Rs 1,301.43 lakhs, with standalone profit after tax of Rs 108.26 lakhs. Consolidated revenue for FY26 was Rs 4,100.69 lakhs with consolidated PAT of Rs 176.98 lakhs, the gap coming from consolidated subsidiary Babri Polypet Pvt Ltd, which is fully consolidated. Other group entities referenced in related-party filings include Superior Industries Limited (from which raw materials worth Rs 53 lakhs were purchased in H2 FY26) and Jouperor Industries Limited. The Board declined participation in the Moon Beverages Limited rights issue in March 2026, citing a focus on expanding the core business. The auditor issued unmodified opinions on FY26 results, with an Emphasis of Matter that investments were marked using FY25 audited figures as FY26 figures were not available. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Edible oil / vanaspati (standalone), Subsidiary operations (Babri Polypet Pvt Ltd, consolidated). Small-cap, asset-light FMCG / edible-oil company with a consolidated subsidiary contributing the bulk of group revenue.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 37 | 47 | 42 | 44 | 40 |
| EBITDA (ex other income) | 2 | 4 | 3 | 3 | 3 |
| margin % | 5.9 | 7.9 | 6.3 | 6.3 | 7.4 |
| Owners' profit | 2 | 2 | 5 | 8 | 1 |
| EPS, as reported (₹) | 1.45 | 1.60 | 7.46 | 11.04 | 0.99 |
| ROE % · ROCE % | 4.7 · 2.2 | 4.2 · 3.9 | 5.4 · 3.2 | 5.6 · 1.8 | 2.5 · 3.8 |
| Debt / equity (x) | 0.16 | 0.18 | 0.11 | 0.06 | 0.18 |
| Cash from operations | 0 | 1 | 3 | 4 | (1) |
| Capex | (0) | (0) | 0 | 0 | (2) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19 | 5 | 4 | 464 | 18 | 7 | 6 | 10 |
| Profit before tax | 2 | (0) | (0) | 449 | 2 | 0 | 0 | 0 |
| Net profit | 2 | 0 | 0 | 454 | 2 | 0 | 0 | 0 |
| EPS (₹) | 0.91 | 0.00 | 0.28 | 8.02 | 0.76 | 0.13 | 0.18 | 0.09 |
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. % |
|---|---|---|---|---|---|---|---|---|
| MARICO LIMITED | 1,00,055 | 52.8 | 22.26 | 39.5 | 40.3 | 38.1 | 11.1 | 21.9 |
| PATANJALI FOODS LIMITED | 40,393 | 20.5 | 3.08 | 24.6 | 13.9 | 10.3 | — | 4.8 |
| AWL AGRI BUSINESS LIMITED | 21,415 | 18.5 | 2.05 | 8.2 | 10.0 | 11.1 | — | 3.8 |
| GOKUL AGRO RESOURCES LTD | 6,128 | 11.8 | 4.31 | 9.1 | 26.0 | 26.9 | 23.5 | 4.1 |
| CIAN Agro Ind & Infra Ltd | 2,551 | 7.9 | 1.15 | 7.2 | 10.0 | 7.7 | 53.1 | 32.3 |
| SUNDROP BRANDS LIMITED | 2,394 | 85.8 | 1.62 | 38.2 | 1.4 | 1.7 | — | 6.1 |
| Shri Venkatesh Refineries Limi | 1,659 | 33.5 | — | — | — | 22.2 | — | — |
| KN AGRI RESOURCES LIMITED | 472 | 10.5 | 1.23 | 8.6 | 8.2 | 11.4 | — | 4.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 23.0 | 17.6 | 21 of 28 | 26% |
| P/B | 0.5 | 1.2 | 4 of 25 | 88% |
| ROCE | 2.8 | 7.4 | 23 of 30 | 24% |
| ROE | 2.5 | 8.2 | 20 of 25 | 21% |
| Debt / Equity | 0.2 | 0.2 | 11 of 25 | 58% |
| EBITDA margin | 12.2 | 4.4 | 5 of 26 | 84% |
| Revenue growth | (97.9) | 5.0 | 25 of 25 | 0% |
| Profit growth | (100.0) | 27.1 | 20 of 23 | 14% |
| Market cap | 37 | 104 | 19 of 31 | 40% |
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 compliance certificate for Q2 FY26 demat requests submitted to BSE | compliance | minimal | — | — |
| 30 Sept 2026 · AGM voting results: all 4 resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Trading Window Closed from October 1 for Q2 Results | compliance | minimal | — | — |
| 30 Sept 2026 · AGM voting results - all 4 resolutions passed unanimously | compliance | minimal | — | — |
| 29 Sept 2026 · 35th AGM held on 29 Sep 2026; four ordinary resolutions tabled | board shareholder meetings | low | — | — |
| 6 Sept 2026 · Notice of 35th AGM dispatch and e-voting information | compliance | minimal | — | — |
| 5 Sept 2026 · Annual Report FY26 filed; standalone PAT up 35%, no dividend | results | high | — | — |
| 5 Sept 2026 · Superior Industrial 35th AGM on Sep 29, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 5 Sept 2026 · AGM intimation and weblink for FY2025-26 annual report | compliance | minimal | — | — |
| 5 Sept 2026 · Secretarial Audit Report for FY ending March 2026 - General Compliance Confirmed | compliance | minimal | — | — |
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.