Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 22.66 | 27.90 | 44.44 | 39.67 | 36.69 | 28.10 | 45.51 | 40.49 | 49.18 | 45.94 | 56.28 | 59.74 |
| Expenses | 24.47 | 38.23 | 37.95 | 37.87 | 45.43 | 28.51 | 42.28 | 46.67 | 50.33 | 45.39 | 49.46 | 50.86 |
| Operating Profit | -1.81 | -10.33 | 6.49 | 1.80 | -8.74 | -0.41 | 3.23 | -6.18 | -1.15 | 0.55 | 6.82 | 8.88 |
| OPM % | -7.99% | -37.03% | 14.60% | 4.54% | -23.82% | -1.46% | 7.10% | -15.26% | -2.34% | 1.20% | 12.12% | 14.86% |
| Other Income | 0.03 | 0.04 | 0.31 | 0.07 | 0.04 | 0.05 | 0.22 | 0.07 | 0.38 | 0.12 | 0.41 | 0.37 |
| Interest | 3.34 | 4.87 | 5.59 | 5.08 | 6.17 | 5.71 | 5.84 | 6.57 | 6.40 | 6.50 | 5.96 | 6.52 |
| Depreciation | 4.22 | 4.22 | 4.15 | 4.14 | 4.20 | 4.19 | 4.13 | 4.42 | 4.47 | 4.47 | 4.35 | 4.38 |
| Profit before tax | -9.34 | -19.38 | -2.94 | -7.35 | -19.07 | -10.26 | -6.52 | -17.10 | -11.64 | -10.30 | -3.08 | -1.65 |
| Tax % | -26.23% | -23.53% | -40.48% | -25.44% | -25.96% | -25.34% | -19.63% | -24.21% | -27.15% | -23.69% | -19.16% | -20.00% |
| Net Profit | -6.89 | -14.82 | -1.75 | -5.48 | -14.12 | -7.66 | -5.24 | -12.96 | -8.48 | -7.86 | -2.49 | -1.32 |
| EPS in Rs | -5.53 | -11.90 | -1.41 | -4.40 | -11.34 | -6.15 | -4.21 | -10.41 | -6.81 | -6.31 | -2.00 | -1.06 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 83 | 85 | 91 | 84 | 80 | 102 | 111 | 116 | 119 | 149 | 191 | 211 |
| Expenses | 64 | 66 | 74 | 67 | 69 | 82 | 92 | 105 | 122 | 153 | 191 | 196 |
| Operating Profit | 18 | 19 | 17 | 18 | 12 | 20 | 20 | 11 | -2 | -4 | -0 | 15 |
| OPM % | 22% | 22% | 19% | 21% | 15% | 20% | 18% | 10% | -1.9% | -2.8% | -0.0% | 7% |
| Other Income | 2 | 2 | 2 | 2 | 2 | 2 | 0 | 1 | 0 | 0 | 1 | 1 |
| Interest | 4 | 5 | 4 | 3 | 2 | 2 | 2 | 16 | 17 | 23 | 25 | 25 |
| Depreciation | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 10 | 16 | 17 | 18 | 18 |
| Profit before tax | 13 | 11 | 11 | 11 | 6 | 15 | 12 | -14 | -35 | -43 | -42 | -27 |
| Tax % | 37% | 30% | 36% | -0% | -19% | 22% | 26% | -24% | -26% | -25% | -25% | |
| Net Profit | 8 | 8 | 7 | 11 | 7 | 12 | 9 | -11 | -26 | -32 | -32 | -20 |
| EPS in Rs | 6.56 | 6.31 | 5.47 | 8.86 | 5.45 | 9.64 | 7.33 | -8.51 | -20.83 | -26.10 | -25.53 | -16.18 |
| Dividend Payout % | 38% | 40% | 0% | 11% | 14% | 10% | 14% | -6% | -2% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 9% | 13% | 18% | 40% | ||
| Compounded Profit Growth | % | % | % | 50% | ||
| Stock Price CAGR | -8% | -14% | -22% | 0% | ||
| Return on Equity | -6% | -23% | -52% | -124% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 51 | 60 | 64 | 66 | 77 | 82 | 93 | 101 | 90 | 63 | 29 | -3 |
| Borrowings | 25 | 40 | 36 | 31 | 27 | 18 | 15 | 149 | 236 | 263 | 280 | 308 |
| Other Liabilities | 24 | 27 | 28 | 29 | 24 | 27 | 27 | 38 | 41 | 55 | 66 | 91 |
| Total Liabilities | 113 | 139 | 141 | 139 | 141 | 139 | 149 | 300 | 379 | 392 | 388 | 408 |
| Fixed Assets | 55 | 76 | 75 | 81 | 83 | 80 | 76 | 78 | 234 | 268 | 259 | 246 |
| CWIP | 2 | 0 | 1 | 0 | 1 | 1 | 1 | 124 | 49 | 2 | 1 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 55 | 63 | 65 | 58 | 57 | 58 | 72 | 99 | 96 | 122 | 129 | 161 |
| Total Assets | 113 | 139 | 141 | 139 | 141 | 139 | 149 | 300 | 379 | 392 | 388 | 408 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 11 | 26 | 10 | 18 | 17 | 17 | 13 | 2 | 7 | -13 | 12 | 3 |
| Cash from Investing Activity | -7 | -21 | -4 | -11 | -7 | -2 | -1 | -129 | -88 | -3 | -6 | -4 |
| Cash from Financing Activity | -7 | 4 | -12 | -12 | -8 | -13 | -5 | 130 | 68 | 15 | -6 | 1 |
| Net Cash Flow | -4 | 9 | -6 | -5 | 2 | 1 | 7 | 3 | -13 | -1 | 0 | 0 |
| Free Cash Flow | 1 | 3 | 5 | 7 | 9 | 14 | 11 | -127 | -82 | -17 | 6 | -1 |
| CFO/OP | 80% | 154% | 66% | 125% | 100% | 140% | 80% | 30% | 69% | 601% | -281% | -10,967% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 62 | 82 | 87 | 82 | 73 | 48 | 92 | 89 | 94 | 116 | 96 | 100 |
| Inventory Days | 680 | 464 | 590 | 389 | 681 | 671 | 278 | 257 | 602 | 641 | 342 | 330 |
| Days Payable | 254 | 262 | 288 | 178 | 210 | 245 | 100 | 139 | 315 | 362 | 228 | 274 |
| Cash Conversion Cycle | 488 | 284 | 389 | 294 | 544 | 474 | 269 | 207 | 380 | 395 | 211 | 155 |
| Working Capital Days | 24 | 22 | 48 | 71 | 66 | 70 | 71 | -30 | 12 | -18 | -83 | -103 |
| ROCE % | 20% | 17% | 14% | 13% | 13% | 7% | 15% | 8% | 1% | -5% | -6% | -5% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 59.85% | 59.85% | 59.85% | 59.85% | 59.85% | 59.85% | 59.85% | 59.85% | 59.85% | 59.85% | 59.85% | 59.85% |
| Public | 40.14% | 40.15% | 40.15% | 40.15% | 40.15% | 40.15% | 40.14% | 40.15% | 40.15% | 40.15% | 40.14% | 40.15% |
| No. of Shareholders | 11,579 | 10,780 | 10,162 | 9,612 | 9,651 | 9,471 | 9,474 | 9,473 | 9,491 | 9,328 | 9,256 | 9,186 |
Fundamentals
Market Cap₹ 60.5 Cr.
Current Price₹ 48.6
Book Value₹ 7.41
ROCE-5.20 %
ROE-124 %
Dividend Yield1.02 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)40%
Compounded Profit Growth (TTM)50%
Standalone figures.
Valuation
Market capRs 63 Cr
Enterprise valueRs 368 Cr
Price to book6.81x
Price to sales0.30x
EV / EBITDA22.49x
EV / sales1.74x
Price to cash flow19.14x
Earnings yield-32.09%
P/B, 3-year average2.39x
P/E, 5-year average11.96x
P/B, 5-year average1.81x
Profitability
Operating margin (excl. other income)-0.02%
Operating margin (incl. other income)0.53%
EBITDA margin7.76%
Pre-tax margin-12.63%
Net profit margin-9.54%
Net margin, latest quarter-2.21%
ROE-124.62%
ROCE-5.22%
ROA-7.98%
ROE, 3-year average-69.80%
ROCE, 3-year average-5.58%
ROA, 3-year average-7.68%
ROE, 5-year average-42.19%
ROCE, 5-year average-1.66%
ROA, 5-year average-4.42%
ROIC (approx.)-0.31%
Tax rate24.53%
Other income / net worth11.39%
Growth
Sales growth (latest year)28.30%
Sales CAGR, 3 years17.98%
Sales CAGR, 5 years13.32%
Sales growth QoQ6.15%
Sales growth YoY (latest quarter)47.54%
Per share
EPS (TTM)Rs -16.18
EPS (latest year)Rs -25.53
EPS (latest quarter)Rs -1.06
EPS, 3-year averageRs -24.16
EPS, 5-year averageRs -14.73
Book value per shareRs 7.41
Sales per shareRs 169.59
Cash flow per shareRs 2.63
Free cash flow per shareRs -0.80
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.66
Dividends
Dividend payout, 5-year average13.60%
Efficiency
Asset turnover0.47x
Fixed asset turnover0.78x
Inventory turnover2.44x
Inventory days149 days
Debtor days100 days
Debtors turnover3.66x
Creditor days274 days
Cash conversion cycle155 days
Working capital days-103 days
Leverage
Total debtRs 308 Cr
Cash and bankRs 2 Cr
Net debtRs 306 Cr
Debt to equity33.36x
Net debt / EBITDA18.66x
Interest coverage-0.05x
Owners' fund to total sources2.26%
Debt to assets75.39%
Cash flow
Cash from Operating Activity (latest year)Rs 3 Cr
Cash from Investing Activity (latest year)Rs -4 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs 26 Cr
Sales to cash flow58.24x
Statement figures
Net sales (TTM)Rs 211 Cr
Net sales (latest year)Rs 191 Cr
Sales (latest quarter)Rs 60 Cr
Operating profit excl. other income (latest year)Rs -0 Cr
Operating profit (latest quarter)Rs 9 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 16 Cr
PBDT (TTM)Rs -9 Cr
Profit before tax (TTM)Rs -27 Cr
Tax (latest year)Rs -10 Cr
Net profit (TTM)Rs -20 Cr
Net profit (latest year)Rs -32 Cr
Net profit (latest quarter)Rs -1 Cr
Depreciation (TTM)Rs 18 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 25 Cr
Cost of goods sold (latest year)Rs 123 Cr
Total expenditure (latest year)Rs 191 Cr
Total income (latest year)Rs 192 Cr
Share capitalRs 12 Cr
ReservesRs -3 Cr
Shareholders' fundsRs 9 Cr
Total assetsRs 408 Cr
Net blockRs 246 Cr
Capital work in progressRs 1 Cr
ReceivablesRs 52 Cr
InventoryRs 50 Cr
Other liabilitiesRs 91 Cr
Shares outstanding (crore)1.25
Ownership
Promoter holding59.85% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 6.81 is at the 99th percentile (median 1.15).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 523672 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +6.0% | -2.8% | +8.8 pts |
| 1 month | +10.2% | -6.8% | +17.0 pts |
| 3 months | +9.2% | -7.6% | +16.8 pts |
| 3 years | -51.3% | +14.2% | -65.4 pts |
| 5 years | -51.5% | +27.9% | -79.4 pts |
Red flags
F-score 6 of 8| look | Repeated losses Net loss in each of the last two years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹60 Cr +47.5% vs Jun 2025.
Net loss ₹1 Cr.
Activity
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| Chamanlal Setia Exports Ltd | 1,401 | 11.2 | 18.2 % |
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| Regaal Resources Ltd | 909 | 14.0 | 12.0 % |
| Bombay Super Hybrid Seeds Ltd | 893 | 31.1 | 16.0 % |
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Flex Foods Ltd?
Flex Foods Ltd (523672) has a market capitalisation of Rs 60.5 Cr. at the 2026-10-01 close.
What were Flex Foods Ltd's latest quarterly results?
In the Jun 2026 quarter, Flex Foods Ltd sales was Rs 60 Cr (+47.5% vs Jun 2025) with a net loss of Rs 1 Cr.