Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY18
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 | Q3 FY19 | Q2 FY19 | Q1 FY19 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,855 | 2,333 | 2,718 | 2,567 | 2,614 | 2,134 | 2,450 | 2,449 | 2,351 | 2,134 | 2,345 | 2,571 | 2,510 | 2,095 | 2,324 | 2,445 | 2,510 | 2,081 | 2,078 | 2,154 | 1,993 | 1,462 | 1,526 | 1,724 | 1,554 | 1,628 | 1,783 | 1,851 | 1,703 | 1,344 | 1,454 | 1,588 | 1,484 | 1,195 |
| Other income | 14.8 | 67.8 | 18.3 | 7.8 | 11.9 | 13 | 8.7 | 12.6 | 9.2 | 10.2 | 8.4 | 11.2 | 11.5 | 12.6 | 78.4 | 8.8 | 7.7 | 53.2 | 10.4 | 5.6 | 10.4 | 9.9 | 13.1 | 8.3 | 8.3 | 15.9 | 9.3 | 11.3 | 10.2 | 10.7 | 4.9 | 33.8 | 3.9 | 10.8 |
| Total expenses | 2,701 | 2,280 | 2,567 | 2,451 | 2,438 | 2,072 | 2,321 | 2,323 | 2,209 | 2,067 | 2,264 | 2,450 | 2,400 | 2,095 | 2,259 | 2,367 | 2,415 | 1,975 | 2,003 | 2,022 | 1,877 | 1,407 | 1,459 | 1,599 | 1,438 | 1,548 | 1,730 | 1,781 | 1,606 | 1,302 | 1,389 | 1,480 | 1,376 | 1,150 |
| EBITDA | 240 | 139 | 242 | 213 | 270 | 147 | 220 | 223 | 226 | 148 | 159 | 201 | 193 | 74.6 | 136 | 150 | 162 | 169 | 136 | 190 | 170 | 112 | 112 | 173 | 166 | 126 | 101 | 120 | 142 | 74.9 | 101 | 141 | 139 | 74.2 |
| EBITDA margin | 8.4% | 6.0% | 8.9% | 8.3% | 10.3% | 6.9% | 9.0% | 9.1% | 9.6% | 6.9% | 6.8% | 7.8% | 7.7% | 3.6% | 5.9% | 6.1% | 6.4% | 8.1% | 6.6% | 8.8% | 8.5% | 7.7% | 7.4% | 10.0% | 10.7% | 7.8% | 5.6% | 6.5% | 8.3% | 5.6% | 6.9% | 8.9% | 9.4% | 6.2% |
| Finance costs | 29.8 | 28.6 | 34.7 | 39.6 | 35.5 | 28.9 | 34.5 | 39.8 | 30.2 | 25.4 | 25.1 | 27.9 | 29.5 | 27 | 24.9 | 25.7 | 21.6 | 18 | 16.5 | 15.6 | 13 | 17.8 | 6.3 | 9.6 | 12.8 | 8.2 | 10.8 | 12.5 | 10.2 | 7.5 | 9.8 | 8.5 | 8.1 | 7.8 |
| Depreciation | 56.7 | 58 | 55.9 | 57.1 | 57.9 | 56.5 | 56.7 | 58.3 | 54.6 | 55.6 | 53 | 52.9 | 52.8 | 47.6 | 46.9 | 46.1 | 44.9 | 45.7 | 44.5 | 42.4 | 40.8 | 39.3 | 39 | 39.1 | 36.6 | 38.4 | 37.1 | 37.5 | 35.1 | 25.7 | 26.4 | 23.7 | 22.4 | 21.7 |
| Profit before tax | 169 | 120 | 139 | 125 | 188 | 74.2 | 138 | 138 | 151 | 77.2 | 89.4 | 132 | 122 | 12.7 | 143 | 87.3 | 103 | 159 | 68.4 | 138 | 126 | 65.1 | 80.2 | 133 | 125 | 85.7 | 62.1 | 81.1 | 107 | 141 | 69.6 | 142 | 113 | 55.4 |
| Tax | 52.8 | 27.7 | 36.7 | 50.7 | 51.7 | 20.4 | 41.4 | 54.1 | 34.5 | 22 | 19.1 | 36.8 | 35.3 | −0.8 | 33.4 | 21.9 | 27.9 | 34.6 | 17.5 | 37.6 | 32.7 | 15.2 | 22 | 34.5 | 33.8 | 16.9 | 16.8 | −21.3 | 35.6 | 19.1 | 24.4 | 45.2 | 39.3 | 19.4 |
| Net profit | 128 | 102 | 110 | 84.3 | 149 | 66.1 | 110 | 95.8 | 132 | 65.5 | 83 | 104 | 107 | 23.5 | 115 | 69.6 | 87.7 | 140 | 62.4 | 112 | 105 | 63.4 | 68.1 | 116 | 101 | 69.2 | 51.2 | 103 | 77.6 | 121 | 48.6 | 99.1 | 81 | 32 |
| Net margin | 4.5% | 4.4% | 4.0% | 3.3% | 5.7% | 3.1% | 4.5% | 3.9% | 5.6% | 3.1% | 3.5% | 4.0% | 4.3% | 1.1% | 4.9% | 2.8% | 3.5% | 6.7% | 3.0% | 5.2% | 5.3% | 4.3% | 4.5% | 6.7% | 6.5% | 4.3% | 2.9% | 5.5% | 4.6% | 9.0% | 3.3% | 6.2% | 5.5% | 2.7% |
| EPS (₹) | 6.99 | 5.45 | 5.97 | 4.81 | 8.35 | 3.68 | 5.80 | 5.84 | 7.03 | 2.97 | 4.78 | 5.48 | 5.48 | 1.61 | 6.06 | 3.73 | 4.30 | 6.37 | 3.39 | 5.69 | 5.52 | 2.95 | 3.21 | 5.57 | 4.61 | 3.89 | 2.69 | 5.41 | 3.96 | 5.88 | 2.09 | 4.91 | 4.14 | 1.27 |
| Net profit YoY | −13.8% | +54.7% | −0.1% | −12.0% | +13.1% | +0.9% | +32.4% | −7.8% | +22.9% | +179.0% | −27.6% | +49.3% | +22.1% | −83.2% | +83.7% | −38.0% | −16.3% | +120.6% | −8.4% | −2.9% | +4.1% | −8.4% | +33.1% | +12.5% | +29.7% | −42.7% | +5.3% | +3.6% | −4.2% | +277.0% | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 10,233 | 9,383 | 9,561 | 9,374 | 8,306 | 6,267 | 6,964 | 5,871 | 5,206 |
| Other income | 106 | 43.5 | 41.3 | 108 | 79.7 | 39.6 | 46.8 | 53.1 | 31.8 |
| Total expenses | 9,736 | 8,926 | 9,181 | 9,135 | 7,877 | 5,903 | 6,665 | 5,547 | 4,894 |
| EBITDA | 864 | 816 | 701 | 523 | 665 | 564 | 488 | 456 | 443 |
| EBITDA margin | 8.4% | 8.7% | 7.3% | 5.6% | 8.0% | 9.0% | 7.0% | 7.8% | 8.5% |
| Finance costs | 138 | 133 | 108 | 99.1 | 63.1 | 46.5 | 41.6 | 33.9 | 45.3 |
| Depreciation | 229 | 226 | 214 | 185 | 173 | 154 | 148 | 98.2 | 85.9 |
| Profit before tax | 572 | 500 | 421 | 346 | 491 | 403 | 336 | 465 | 356 |
| Tax | 167 | 150 | 113 | 82.3 | 122 | 106 | 48.1 | 128 | 121 |
| Net profit | 445 | 403 | 359 | 295 | 419 | 348 | 301 | 349 | 251 |
| Net margin | 4.4% | 4.3% | 3.8% | 3.2% | 5.0% | 5.5% | 4.3% | 6.0% | 4.8% |
| EPS (₹) | 24.58 | 22.35 | 18.71 | 15.71 | 20.96 | 16.34 | 15.94 | 16.99 | 12.02 |
| Net profit YoY | +10.4% | +12.2% | +21.7% | −29.5% | +20.6% | +15.6% | −14.0% | +39.1% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 1,281 | 969 | 678 | 874 | −120 |
| Investing cash flow | −150 | −81.5 | −327 | −284 | −208 |
| Financing cash flow | −869 | −901 | −328 | −594 | 311 |
| Capital expenditure | 297 | 225 | 384 | 359 | 271 |
| Free cash flow (CFO − capex) | 984 | 745 | 294 | 515 | −391 |
Net profit trend
annual, ₹ croreFY21
₹348
FY22
₹419+21%
FY23
₹295−30%
FY24
₹359+22%
FY25
₹403+12%
FY26
₹445+10%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 5 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 5 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 30 Apr 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 3 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 3 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 5 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 5 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 6 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 6 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 28.0×29.8×
P/B5Y avg 5.02×6.23×
ROEFY26, on average equity20.2%
Net margin4.4%
Debt / equity0.72×
Revenue CAGR (3Y)3.0%
Profit CAGR (3Y)14.7%
EPS (TTM)₹22.08
Market cap₹12,651 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
6.23×
vs 8-point avg 5.02× (+24%)
3.40× low5.02× avg7.33× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹6,170 Cr+12%
Net worth₹2,032 Cr−15%
Total borrowings₹1,468 Cr+15%
Cash & bank balances₹299 Cr+713%
Investments₹23 Cr+41%
Inventories₹1,358 Cr+8%
Trade receivables₹673 Cr+18%
Trade payables₹1,651 Cr+86%
Change vs the same date a year earlier.
Revenue mix FY26
Animal Nutrition46.4%result ₹347 Cr
Vegetable Oil18.8%result ₹386 Cr
Dairy14.9%result ₹19.7 Cr
Crop Care Business11.2%result ₹179 Cr
Poultry and processed food7.2%result ₹32 Cr
Others1.5%result ₹−1.8 Cr
Segment revenue as reported, before inter-segment eliminations.