BSE: 519285
TARAI FOODS LTD.
Operates in the agricultural food products sector, with a core line historically described as frozen foods and vegetables. Revenue from operations has been reported as nil across recent quarters in Q1, Q2, Q3 and H1 of FY 2025-26, and the filings describe the company as effectively dormant in its core frozen-food business while continuing to incur overheads. For FY 2025-26, total income stood at Rs. 11.2 lacs and the company posted a net loss of Rs. 44.7 lacs, versus a loss of Rs. 19.8 lacs in FY 2024-25. The balance sheet shows total assets of Rs. 258 lacs, long-term borrowings of Rs. 256 lacs, and negative net worth of Rs. 311 lacs (reserves of minus Rs. 1,848 lacs). Cash and equivalents were Rs. 54 lacs as of 30 September 2025, down from Rs. 99 lacs at the start of the fiscal year. Operations are registered at Sandhu Farms, Rudrapur. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Frozen foods and vegetables. Dormant agricultural food processing business with negative net worth and nil operating revenue.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (0) | (1) | (0) | (0) |
| margin % | (13.1) | (76.7) | — | — | — |
| Owners' profit | (0) | (0) | (0) | (0) | (0) |
| EPS, as reported (₹) | (0.29) | (0.29) | (0.20) | (0.13) | (0.29) |
| ROE % · ROCE % | 25.6 · (46.8) | 20.6 · (67.1) | 12.5 · (87.2) | 7.3 · (828.5) | 14.3 · 84.3 |
| Debt / equity (x) | (1.50) | (1.27) | (1.11) | (0.98) | (0.82) |
| Cash from operations | (0) | (0) | 1 | 0 | (0) |
| 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 (₹) | (0.05) | (0.07) | (0.08) | (0.09) | (11.10) | (0.07) | (0.03) | (0.08) |
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 | 13,296 | 20.8 | 2.94 | 11.3 | 13.8 | 16.0 | 18.7 | 11.5 |
| KRBL LIMITED | 8,012 | 10.6 | 1.38 | 8.3 | 11.2 | 14.7 | 8.8 | 24.9 |
| GUJARAT AMBUJA EXPORTS LT | 6,614 | 15.9 | 2.01 | 12.4 | 9.2 | 11.7 | 4.0 | 17.0 |
| KAVERI SEED CO. LTD. | 3,616 | 14.6 | 2.06 | 9.8 | 16.9 | 17.0 | 6.1 | 40.1 |
| TRUALT BIOENERGY LIMITED | 3,233 | 23.0 | 2.05 | 12.7 | 6.1 | 4.8 | — | 23.5 |
| INDRAYANI BIOTECH LTD. | 2,966 | 22.3 | 29.05 | 217.6 | 1.9 | 0.2 | 45.6 | 8.2 |
| AMIR CHAND JAG KUM (E) L | 2,165 | 20.7 | 2.34 | 12.7 | 11.2 | 14.8 | — | 9.5 |
| SANSTAR LIMITED | 1,839 | 54.6 | — | — | — | — | — | 8.8 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| Profit growth | 5.9 | 16.6 | 31 of 51 | 40% |
| Market cap | 7 | 62 | 66 of 69 | 4% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Sept 2026 · 36th AGM voting results: Both resolutions passed with 99.57% majority | board shareholder meetings | medium | — | — |
| 28 Sept 2026 · Tarai Foods 36th AGM held via video conferencing on Sep 28, 2026 | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · Tarai Foods: Book Closure Sep 22 to Sep 28 for 36th AGM | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · Tarai Foods sets 28 September 2026 AGM agenda | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 36th AGM Notice and Annual Report FY 2025-26 | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Board meeting on 14 Aug 2026 to consider Q1 FY26 results | results | low | — | — |
| 6 Jul 2026 · Tarai Foods Ltd files revised board meeting outcome on BSE | board shareholder meetings | low | — | — |
| 30 May 2026 · Dear Sir/ Madam, Please find attached the outcome of the board meeting held on 30.05.2026 | results | high | — | — |
| 28 May 2026 · Respected Sir/Madam, Please find attached the Annual Secretarial Compliance Report for the year ended 31.03.2026 for your kind perusal and consideration. Regards | compliance | minimal | — | — |
| 14 May 2026 · Tarai Foods Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve Dear Sir/Madam, This is to inform .... | 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.