BSE: 544368
Swasth Foodtech India Limited
The company operates in agricultural food products within the FMCG sector and listed on the BSE SME platform after a February 2025 IPO of 15,87,600 shares at Rs 94 each, raising Rs 1,492.34 lakhs. Its cost structure is dominated by raw materials at 94.9% of revenue, with employee costs at 0.2% and other operating expenses at 1.6%, pointing to a thin-margin processing or trading model. A portion of IPO proceeds (Rs 130.30 lakhs as of March 31, 2026) was allocated to setting up a packing line, while Rs 750 lakhs was deployed into working capital and Rs 220 lakhs into general corporate purposes, both fully utilised. Revenue for FY26 stood at Rs 210.74 crore against total assets of Rs 51.06 crore. Operating cash flow remained negative in FY26, and the company reported a net loss for the full year despite a profit in H2 FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Agricultural food products. Thin-margin agricultural food products processing/trading business
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 169 | 211 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 5.45 | 2.37 |
| ROE % · ROCE % | — · 19.2 | — · 0.5 |
| Debt / equity (x) | — | — |
| Cash from operations | (4) | 0 |
| Capex | (1) | (1) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 80 | 100 | 111 |
| Profit before tax | 1 | (3) | 1 |
| Net profit | — | — | — |
| EPS (₹) | 1.33 | 4.46 | 2.08 |
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) | 2.0 | 12.3 | 2 of 53 | 98% |
| ROCE | (7.4) | 4.1 | 56 of 67 | 17% |
| Market cap | 9 | 66 | 63 of 69 | 9% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 12 Oct 2026 · Compliance certificate for dematerialisation filed with BSE | compliance | minimal | — | — |
| 30 Sept 2026 · 5th AGM: Both resolutions passed with 100% approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Trading Window Closed from October 1 for Q2 FY26 Results | compliance | minimal | — | — |
| 30 Sept 2026 · Re-appointment of Mr. Shrey Jain as Executive Director at AGM | management changes | medium | — | — |
| 30 Sept 2026 · 5th AGM concluded on Sept 30, 2026; 2 ordinary resolutions transacted | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Newspaper publication of AGM book closure notice and e-voting intimation | compliance | minimal | — | — |
| 7 Sept 2026 · Annual Report FY 2025-26 filed with BSE; AGM on Sep 30 | compliance | low | — | — |
| 5 Sept 2026 · Notice of 5th AGM on September 30, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 5 Sept 2026 · E-voting facility announced for AGM on 30 September 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · Book Closure Notice and 5th AGM Intimation | 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.