Operates a pure vegetarian cloud kitchen chain serving food through delivery, with FY26 revenue of Rs 140.87 crore. Around 93.8 percent of revenue comes from digital channels, reflecting a delivery-led model rather than dine-in. The chain runs outlets across NCR locations including Noida (Sector 4 and Sector 141) and Dwarka, and plans to add 10 new cloud kitchens in FY27 in NCR, followed by 10 more in FY28 across Chandigarh, Mohali and Jaipur, with a long-term target of over 50 kitchens. A separate fine-dine restaurant and celebration hall in Gurgaon is planned for FY27-28. Materials/raw ingredients form the largest cost at 47.9 percent of revenue, followed by other operating expenses at 32.8 percent and employee costs at 7.7 percent, while capex is light at 1.8 percent of revenue. The company got listed on the BSE SME platform on 27 May 2026. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Cloud kitchen food sales (94%), Fine-dine and celebration hall. Asset-light, delivery-led pure vegetarian cloud kitchen chain, recently listed SME
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 141 |
| EBITDA (ex other income) | — |
| margin % | — |
| Owners' profit | — |
| EPS, as reported (₹) | 9.54 |
| ROE % · ROCE % | — · 54.4 |
| Debt / equity (x) | — |
| Cash from operations | 1 |
| Capex | (3) |
| ₹ crore | Q4 FY26 |
|---|---|
| Revenue | 73 |
| Profit before tax | 8 |
| Net profit | — |
| EPS (₹) | 4.48 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JUBILANT FOODWORKS LTD | 31,029 | 71.6 | 13.00 | 16.9 | 18.6 | 8.8 | 23.5 | 20.3 |
| DEVYANI INTERNATIONAL LTD | 17,015 | — | 9.03 | 20.5 | (2.3) | (1.1) | — | 17.3 |
| TRAVEL FOOD SERVICES LTD | 16,486 | 34.6 | 11.26 | 22.1 | 30.9 | 33.5 | — | 46.0 |
| WESTLIFE FOODWORLD LTD | 8,878 | 279.1 | 14.34 | 21.5 | 5.2 | — | 21.6 | 13.5 |
| SAPPHIRE FOODS INDIA LTD | 7,198 | — | 5.18 | 14.9 | (2.3) | (1.4) | — | 16.3 |
| RESTAURANT BRAND ASIA LTD | 6,975 | — | 10.13 | 19.3 | (29.6) | (7.8) | — | 14.6 |
| UNITED FOODBRANDS LIMITED | 2,734 | — | 8.51 | 13.7 | (19.3) | (6.3) | 21.4 | 16.7 |
| SPICE LOUNGE FOOD WORKS LIMITE | 2,296 | 91.5 | 18.67 | 145.5 | 7.9 | 3.9 | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · AGM notice published in newspapers; 4th AGM on September 29, 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · E-voting facility for 4th AGM opens Sep 26, ends Sep 28 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Vegorama Punjabi Angithi submits 4th Annual Report for FY 2025-26 along with AGM notice | compliance | low | — | — |
| 5 Sept 2026 · Board approves 4th AGM notice and annual report for FY26 | board shareholder meetings | low | — | — |
| 20 Aug 2026 · Vegorama opens new cloud kitchen outlet in Gurugram | business updates | medium | — | — |
| 12 Aug 2026 · Non-Applicability of Escrow Payment Mechanism Disclosure | compliance | minimal | — | — |
| 22 Jul 2026 · RTA confirms non-applicability of SEBI Regulation 74(5) for Q1FY27 | compliance | minimal | — | — |
| 21 Jul 2026 · Finance Head change at Vegorama Punjabi Angithi | management changes | medium | — | — |
| 16 Jul 2026 · Investor Presentation: FY26 Results and Expansion Roadmap | investor communications | medium | — | — |
| 13 Jul 2026 · Disclosure as per regulation 30 of SEBI (LODR) Regulation 2016 regarding the change in KMP due to resignation of CS of the Company. | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 13.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 48.4 | 48.4 | 5 of 9 | 50% |
| ROCE | 53.2 | 2.4 | 1 of 12 | 100% |
| Market cap | 274 | 2734 | 10 of 13 | 25% |
| 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 |
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.
