Purchases and resells goods as a trading and distribution business, formerly known as Asian Food Products Limited. Materials account for 52.4% of revenue in FY26, consistent with a trading model where stock-in-trade purchases are the main cost. Employee costs are 9.2% of revenue and depreciation 14.9%. Results have been volatile across FY26: Q3 swung to a loss of Rs 179.56 lakhs on total income of Rs 204.56 lakhs, while the full year produced a net profit of Rs 2.05 crore on revenue of Rs 14.42 crore. The company is registered in Nashik with the promoter family holding 56.09% of shares and outstanding borrowings of Rs 115.84 crore as of March 31, 2026. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Trading and distribution. Small-scale trading and distribution with highly volatile quarterly results
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 1 | 5 | 14 |
| EBITDA (ex other income) | (0) | (1) | (1) | 2 | 2 |
| margin % | — | — | (53.6) | 47.8 | 13.8 |
| Owners' profit | (0) | (0) | 4 | 8 | 2 |
| EPS, as reported (₹) | (0.60) | (1.07) | 24.65 | 49.46 | 12.97 |
| ROE % · ROCE % | (0.2) · (0.2) | (0.4) · (0.1) | 7.5 · 8.1 | 13.1 · 10.3 | 3.3 · 5.6 |
| Debt / equity (x) | 0.04 | 0.64 | 0.80 | 0.49 | 0.39 |
| Cash from operations | 7 | 18 | 51 | 4 | 7 |
| Capex | 0 | (5) | (17) | 0 | (2) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 3 | 2 | 1 | 3 | 1 | 2 | 9 |
| Profit before tax | 2 | 1 | 1 | 5 | 3 | 2 | (2) | (0) |
| Net profit | 2 | 1 | 1 | 3 | 3 | 2 | (2) | (1) |
| EPS (₹) | 9.82 | 8.96 | 8.72 | 21.96 | 16.50 | 13.30 | 11.34 | 5.48 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| REDINGTON LIMITED | 30,817 | 18.1 | 2.96 | 14.3 | 12.3 | 15.7 | 15.9 | 2.2 |
| MMTC LIMITED | 9,347 | 20.9 | 4.41 | 19.9 | 18.3 | 21.6 | (83.7) | 18426.5 |
| MSTC LIMITED | 5,178 | 22.1 | 5.73 | 15.5 | 24.2 | 31.8 | (13.9) | 86.5 |
| SHANKARA BUILDPRO LIMITED | 3,050 | 23.2 | 5.59 | 13.5 | 23.4 | 31.8 | — | 3.3 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Promoter gifts 16.58 percent stake to wife and son | ownership changes | medium | — | — |
| 10 Sept 2026 · Promoter gifting 16.58% stake to family members at Thakkers Group | ownership changes | medium | — | — |
| 8 Sept 2026 · Newspaper advertisement published for 58th AGM on September 30 | compliance | minimal | — | — |
| 7 Sept 2026 · Book Closure from Sep 24 to Sep 30, 2026 for 58th AGM | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Thakkers Group files FY26 Annual Report with BSE, AGM set for 30 Sep 2026 | compliance | minimal | — | — |
| 7 Sept 2026 · 58th AGM on 30 Sept 2026; book closure 24 to 30 Sept; auditor and director proposals | board shareholder meetings | low | — | — |
| 6 Aug 2026 · Board meeting on Aug 13, 2026 to consider Q1 FY27 financial results | board shareholder meetings | low | — | — |
| 6 Jul 2026 · Routine Reg 74(5) certificate filing for Q1 FY27, no demat activity | compliance | minimal | — | — |
| 25 Jun 2026 · Trading window closed from July 1 for Q1 FY27 results | compliance | minimal | — | — |
| 30 May 2026 · Attached herewith as per the captioned subject | compliance | minimal | — | — |
| 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 |
| CREATIVE NEWTECH LIMITED |
| 1,682 |
| 25.8 |
| 4.34 |
| 19.2 |
| 18.1 |
| 21.0 |
| — |
| 5.2 |
| Pervasive Commodities Limited | 865 | 0.1 | 9.61 | — | (0.0) | (0.0) | — | 45.0 |
| The Yamuna Syndicate Ltd | 810 | 8.9 | 0.63 | 203.9 | 4.0 | 0.3 | 4.8 | 6.2 |
| THE STATE TRADING CORPN | 680 | 1.0 | — | 52.5 | — | — | — | — |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 0.6 | 14.7 | 5 of 161 | 98% |
| P/B | 0.1 | 1.1 | 5 of 145 | 97% |
| ROCE | 1.3 | 2.0 | 101 of 184 | 45% |
| ROE | 3.3 | 2.3 | 79 of 174 | 55% |
| Debt / Equity | 0.4 | 0.0 | 132 of 175 | 25% |
| EBITDA margin | 26.5 | 4.5 | 24 of 137 | 83% |
| Revenue growth | 698.3 | (8.6) | 5 of 135 | 97% |
| Profit growth | (125.0) | 0.6 | 128 of 157 | 19% |
| Market cap | 5 | 25 | 165 of 174 | 5% |
| 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 |
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.
