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 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q4 FY18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 0.3 | 0.1 | 10.2 | 25.4 | 13.6 | 13.9 | 12.9 | 15.7 | 6.5 | 9.5 | 8.9 | 14.4 | 8.1 | 10.7 | 19.4 | 10.7 | 9.9 | 17 | 18.4 | 8.6 | 18.3 | 17.2 | 17.6 | 5.4 | 13.1 | 0 |
| Other income | 0.1 | 0.1 | 24.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.1 | 0.2 | 0.5 | 0.1 | 1.5 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 |
| Total expenses | 0.2 | 0.5 | 11.7 | 26.7 | 16.7 | 23.7 | 16.8 | 16.6 | 9.9 | 14.4 | 12.3 | 14.6 | 14.4 | 16.8 | 18.7 | 14.9 | 16.1 | 20.7 | 20.6 | 11.8 | 27.5 | 19.5 | 17 | 7.5 | 14.8 | 0 |
| EBITDA | 0.1 | −0.4 | −1.2 | −0.3 | −2.3 | −9.2 | −3 | 0.2 | −2.5 | −4 | −2.6 | 0.6 | −5.4 | −5.1 | 1.7 | −3.4 | −5.4 | −2.8 | −1.4 | −2.4 | −8.6 | −1.9 | 1.1 | −1.8 | −1.4 | 0 |
| EBITDA margin | 25.3% | -300.8% | -11.6% | -1.0% | -16.7% | -66.4% | -23.2% | 1.1% | -38.2% | -42.2% | -29.5% | 4.3% | -67.1% | -47.6% | 8.6% | -31.6% | -54.3% | -16.7% | -7.4% | -28.4% | -47.0% | -11.0% | 6.1% | -32.7% | -10.7% | – |
| Finance costs | 0 | 0 | 0.3 | 0.8 | 0.7 | 0.5 | 0.8 | 1 | 0.8 | 0.7 | 0.7 | 0.6 | 0.6 | 0.8 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.4 | 0.3 | 0.4 | 0.3 | 0.2 | 0 |
| Depreciation | 0 | 0 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 |
| Profit before tax | 0.2 | −0.2 | 22.7 | −1 | −3 | −9.6 | −3.8 | −0.8 | −3.2 | −4.8 | −3.4 | −0 | −6.2 | −5.7 | 0.9 | −4 | −5.6 | −3.6 | −0.7 | −3 | −9 | −2.2 | 0.7 | −2 | −1.6 | 0 |
| Tax | 0 | −0.6 | 0.1 | 1.7 | 0 | −0.9 | −1.1 | 2.1 | 0.1 | 0 | 0.1 | 1.3 | 0 | 0.5 | 1.2 | 0 | −4.9 | −0 | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 |
| Net profit | −1.5 | −4.1 | 21.6 | −2.7 | −3 | −8.7 | −2.7 | −3 | −3.3 | −4.8 | −3.5 | −1.3 | −6.2 | −6.2 | −0.3 | −4 | −0.7 | −3.6 | −1.2 | −3.1 | −9.1 | −2.3 | 0.6 | −2.1 | −1.7 | 0 |
| Net margin | -470.9% | -3499.3% | 213.0% | -10.8% | -22.3% | -62.9% | -20.7% | -18.9% | -50.6% | -50.2% | -39.1% | -9.3% | -76.2% | -58.2% | -1.7% | -37.7% | -7.1% | -21.0% | -6.4% | -35.7% | -49.4% | -13.3% | 3.6% | -39.2% | -12.9% | – |
| EPS (₹) | -1.46 | -4.14 | 22.43 | -0.65 | -1.57 | -7.51 | -1.28 | -1.64 | 2.22 | -3.29 | -2.31 | 0.26 | -4.27 | 5.54 | -0.32 | -4.04 | -0.70 | -3.57 | -1.18 | -3.09 | -9.06 | -2.29 | 0.64 | -2.12 | -1.69 | 0.00 |
| Net profit YoY | +51.5% | +52.6% | +910.4% | +7.4% | +7.9% | −82.9% | +23.0% | −120.9% | +46.9% | +23.2% | – | −314.0% | −52.9% | −780.0% | +72.6% | −30.7% | +92.2% | −55.6% | −283.5% | −45.7% | −433.9% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY18 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 49.2 | 49.2 | 40.9 | 53.2 | 54 | 58.6 | 45.7 | 42.9 |
| Other income | 24.7 | 0.3 | 0.4 | 0.7 | 2.2 | 0.5 | 0.5 | 0.5 |
| Total expenses | 55.5 | 67 | 55.7 | 68.5 | 69.1 | 71.5 | 47.8 | 38.1 |
| EBITDA | −4.1 | −14.3 | −11.4 | −11.5 | −12 | −11.2 | −1.1 | 7.9 |
| EBITDA margin | -8.2% | -29.0% | -28.0% | -21.7% | -22.3% | -19.1% | -2.3% | 18.4% |
| Finance costs | 1.8 | 3 | 2.6 | 3 | 2.3 | 1.4 | 0.7 | 2.9 |
| Depreciation | 0.4 | 0.6 | 0.7 | 0.8 | 0.8 | 0.4 | 0.3 | 0.2 |
| Profit before tax | 18.4 | −17.5 | −14.3 | −14.5 | −13 | −12.5 | −1.6 | 5.3 |
| Tax | 1.2 | 0.1 | 1.4 | 1.7 | −4.4 | 0.3 | 0.3 | 0.1 |
| Net profit | 11.7 | −17.7 | −15.8 | −16.3 | −8.5 | −12.8 | −1.9 | 5.2 |
| Net margin | 23.8% | -35.9% | -38.5% | -30.6% | -15.8% | -21.9% | -4.2% | 12.1% |
| EPS (₹) | 16.06 | -12.66 | -9.62 | 15.57 | -8.54 | -12.83 | -1.93 | 5.05 |
| Net profit YoY | +166.4% | −12.0% | +3.1% | −90.2% | +33.4% | −562.9% | – | – |
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 | −18 | −4.9 | −12.1 | −13.4 | 1.3 |
| Investing cash flow | −3.6 | −3.1 | −3 | 0.3 | −0.3 |
| Financing cash flow | 14 | 16 | 5.6 | 18 | −2.5 |
| Capital expenditure | 1.9 | 0.5 | 0 | 0.1 | 0.3 |
| Free cash flow (CFO − capex) | −19.9 | −5.4 | −12.2 | −13.5 | 0.9 |
Net profit trend
annual, ₹ croreFY21
₹−12.8
FY22
₹−8.5+33%
FY23
₹−16.3−90%
FY24
₹−15.8+3%
FY25
₹−17.7−12%
FY26
₹11.7+166%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 14 Aug 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 14 Aug 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated · audited | 15 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone · audited | 15 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 13 Feb 2026 | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 13 Feb 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 13 Nov 2025 | PDF on NSE XBRL |
| Q2 FY26 | Standalone | 13 Nov 2025 | PDF on NSE XBRL |
| Q1 FY26 | Consolidated | 14 Aug 2025 | PDF on NSE XBRL |
| Q1 FY26 | Standalone | 14 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 6.8×6.7×
P/B5Y avg 0.21×0.18×
ROEFY26, on average equity2.2%
Net margin23.8%
Debt / equity0.00×
Revenue CAGR (3Y)-2.5%
Profit CAGR (3Y)–
EPS (TTM)₹13.27
Market cap₹89 Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
0.18×
vs 10-point avg 0.21× (−12%)
0.17× low0.21× avg0.25× high
History points are balance-sheet dates (2021 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹524 Cr−24%
Net worth₹484 Cr−18%
Total borrowings₹0 Cr−100%
Cash & bank balances₹1 Cr−92%
Investments₹511 Cr−16%
Inventories₹0 Cr−100%
Trade receivables₹0 Cr−100%
Change vs the same date a year earlier.
Revenue mix FY26
Food Processing Business92.0%result ₹−7.1 Cr
Investing Business8.0%result ₹21.9 Cr
Segment revenue as reported, before inter-segment eliminations.