SVARAJ TRADING & AGENCIES LTD.

Develops an automated roti-making machine called the 'Roti Master' through a small BSE-listed entity classified under Other Financial Services. As of FY26, the product is still in the R&D phase, with no commercial production having begun. The company's Rs 41.20 crore of total assets are largely tied up in this project — Rs 4.8 crore of plant machinery sits under capital work-in-progress, Rs 2 crore is recorded as capitalised intellectual property rights, and Rs 4.4 crore of inventory is held. FY26 revenue from operations was Rs 1.22 crore, up from a much smaller base the previous year, while net profit was Rs 0.56 crore. With materials at 0% of revenue, the cost base is dominated by employee expenses at 39.2% of revenue, followed by depreciation at 15.8% and other operating expenses at 14.3%.