BSE: 544175
TGIF AGRIBUSINESS LIMITED
Grows and sells fruits and vegetables as a single-segment farming business based in Ahmedabad. Revenue from operations for FY26 was Rs 331.75 lakhs, against Rs 334.37 lakhs in FY25, with total income of Rs 358.08 lakhs. Profit after tax grew about 16% to Rs 201.56 lakhs from Rs 173.82 lakhs, supported by a fall in total expenditure from Rs 176.26 lakhs to Rs 149.68 lakhs. The biggest cost line is employee costs at 18.2% of revenue, followed by other operating expenses at 12.4% and materials at 9.8%, with capex at 3.3% of revenue. The company is debt-free, listed on the BSE SME platform, and raised Rs 639.47 lakhs via an IPO in May 2024, of which Rs 318.52 lakhs had been deployed as of March 2026. Cash and cash equivalents stood at Rs 459.23 lakhs at the end of September 2025, with reserves and surplus of Rs 917.38 lakhs. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Fruits & vegetables farming (100%). Small, single-segment agricultural producer
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 2 | 3 | 3 |
| EBITDA (ex other income) | — | — | — |
| margin % | — | — | — |
| Owners' profit | — | — | — |
| EPS, as reported (₹) | 3.54 | 6.72 | 7.79 |
| ROE % · ROCE % | — · 26.2 | — · 17.1 | — · 16.5 |
| Debt / equity (x) | — | — | — |
| Cash from operations | 1 | 1 | 2 |
| Capex | — | (0) | (0) |
Exhibit 2: Quarterly performance, last 5 quarters
| ₹ crore | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|
| Revenue | 2 | 2 | 1 | 2 | 2 |
| Profit before tax | 1 | 1 | 1 | 1 | 1 |
| Net profit | — | — | — | — | — |
| EPS (₹) | 3.54 | 3.76 | 2.96 | 4.08 | 3.71 |
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) | 8.3 | 12.3 | 16 of 53 | 71% |
| ROCE | 16.4 | 4.1 | 14 of 67 | 80% |
| Revenue growth | 3.7 | 10.3 | 30 of 51 | 42% |
| Market cap | 31 | 66 | 46 of 69 | 34% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 26 Oct 2026 · Board meeting set to approve half-year results | results | low | — | — |
| 14 Oct 2026 · RTA certificate for Q2 FY27 filed under SEBI Regulation 74(5) | compliance | minimal | — | — |
| 25 Sept 2026 · TGIF Agribusiness 3rd AGM: All Resolutions Passed | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · TGIF Agribusiness holds 3rd AGM, approves financial statements and director re-appointment | board shareholder meetings | medium | — | — |
| 25 Sept 2026 · Trading Window Closure for H1 FY26-27 Results | compliance | minimal | — | — |
| 31 Aug 2026 · Letter to shareholders regarding 3rd AGM and FY26 Annual Report | compliance | low | — | — |
| 28 Aug 2026 · Newspaper ad for 3rd AGM and e-voting information | compliance | minimal | — | — |
| 27 Aug 2026 · TGIF Agribusiness FY2025-26 Annual Report and AGM Notice | results | medium | — | — |
| 27 Aug 2026 · TGIF Agribusiness 3rd AGM on September 25, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Third AGM set for September 25 via video conference | 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.