BSE: 543531
Tierra Agrotech Limited
Operates an agricultural products business centred on seeds and agrotech, with a wholly-owned subsidiary that has begun trading green coffee and other coffee products in domestic and international markets. A composite scheme approved by the board would merge Nishpra Community Solutions, an unlisted food processing company that reported Rs 49.91 crore turnover in H1 FY26, into the listed entity to build a vertically integrated agri-to-food business spanning seeds, processing and consumer food products. For FY26, consolidated revenue stood at Rs 42,094 lakhs against Rs 34,279 lakhs in FY25, while the standalone entity posted a net loss of Rs 1,580.71 lakhs and consolidated loss of Rs 395.53 lakhs. The disclosed cost shape shows employee costs at 12.5% of revenue and other operating expenses at 13.9%, with depreciation at 1.3% and no materials cost separately reported. During FY26, the remaining 50% of subsidiary Tidas Agrotech was acquired in August 2025, borrowings rose from Rs 60.27 lakhs to Rs 1,860.33 lakhs, and cash and equivalents fell from Rs 354.35 lakhs to Rs 40.08 lakhs. The board also approved reducing share capital from Rs 10 to Rs 4 per share to write off accumulated losses of Rs 85.89 crore, followed by a 2:1 stock split to Rs 2 face value, and a share-swap with Nishpra shareholders at 84 new shares for every 10 Nishpra shares held. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Seeds and agrotech, Coffee trading, Food processing (pending merger). Loss-making small-cap agricultural products company expanding into coffee trading and food processing via subsidiary consolidation and a pending merger
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 57 | 60 | 67 | 66 | 98 |
| EBITDA (ex other income) | (9) | (26) | (13) | (15) | (8) |
| margin % | (16.3) | (43.8) | (19.9) | (23.3) | (7.6) |
| Owners' profit | 0 | 0 | (9) | 0 | (5) |
| EPS, as reported (₹) | 0.00 | (11.22) | (1.77) | 1.81 | (0.78) |
| ROE % · ROCE % | (31.3) · (8.9) | (186.9) · (43.3) | (9.4) · (8.2) | (11.2) · (14.5) | (5.1) · (6.9) |
| Debt / equity (x) | 1.87 | 6.76 | 0.21 | 0.01 | 0.19 |
| Cash from operations | (15) | (7) | (6) | (30) | (16) |
| Capex | (2) | 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 | 6 | 5 | 5 | 52 | 10 | 15 | 22 | 66 |
| Profit before tax | (7) | (9) | (7) | 7 | (5) | (8) | (4) | 5 |
| Net profit | (5) | (6) | (5) | 5 | (3) | (6) | (1) | 3 |
| EPS (₹) | (0.81) | (0.96) | 0.77 | 0.83 | (0.53) | (0.89) | (0.21) | 0.53 |
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/B | 2.1 | 1.6 | 32 of 51 | 36% |
| ROCE | (8.6) | 4.1 | 57 of 67 | 15% |
| ROE | (5.1) | 3.5 | 41 of 51 | 20% |
| Debt / Equity | 0.2 | 0.4 | 21 of 51 | 60% |
| EBITDA margin | 8.2 | 9.7 | 29 of 45 | 36% |
| Revenue growth | 26.9 | 10.3 | 14 of 51 | 74% |
| Profit growth | (37.1) | 16.6 | 37 of 51 | 28% |
| Market cap | 205 | 66 | 24 of 69 | 66% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 16 Oct 2026 · Compliance certificate under SEBI Regulation 74(5) for Q2 FY26 | compliance | minimal | — | — |
| 30 Sept 2026 · 13th AGM concluded - all 3 resolutions passed with 100 percent approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Tierra Agrotech 13th AGM concludes; all 3 resolutions passed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Tierra Agrotech withdraws merger scheme with Nishpra Community Solutions | strategic transactions | high | — | — |
| 30 Sept 2026 · Trading Window Closure from Oct 1, 2026 for Q2 Results | compliance | minimal | — | — |
| 7 Sept 2026 · 13th AGM notice on Sep 30, 2026 with FY26 annual report submission | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Submission Annual Report for FY 2025-26 | compliance | low | — | — |
| 1 Sept 2026 · Non-Executive Director Mr. Jayaram Prasad Munnangi resigns effective Sep 1, 2026 | management changes | medium | — | — |
| 1 Sept 2026 · Tierra Agrotech - Director Resignation and AGM Notice Approved | management changes | medium | — | — |
| 10 Aug 2026 · Board Meeting on 14 Aug 2026 to Consider Q1 FY27 Results | 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.