MarketFriction

Euro India Fresh Foods Ltd

NSE EIFFL · Packaged Foods
₹267.75 -1.99%
NSE close2026-10-01
52 week range204.98 - 381.96
Market cap₹687 Cr.
P/E129
IPO 2017 · +243% since ESM Price band 2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales26.8930.1126.3628.2532.7247.7834.9831.1732.4728.3860.0236.06
Expenses24.6027.4024.0126.1530.1643.9830.0328.9531.6525.4650.7832.51
Operating Profit2.292.712.352.102.563.804.952.220.822.929.243.55
OPM %8.52%9.00%8.92%7.43%7.82%7.95%14.15%7.12%2.53%10.29%15.39%9.84%
Other Income0.140.03-0.040.020.11-0.020.170.060.020.300.300.25
Interest0.910.950.900.940.930.980.851.040.951.421.301.45
Depreciation0.700.710.700.690.700.700.680.780.790.900.931.14
Profit before tax0.821.080.710.491.042.103.590.46-0.900.907.311.21
Tax %0.00%0.00%121.13%0.00%25.00%16.67%28.13%28.26%0.00%0.00%36.39%38.84%
Net Profit0.821.08-0.150.490.781.752.580.33-0.900.904.650.74
EPS in Rs0.330.44-0.060.200.310.711.040.13-0.360.361.880.30
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales474855729398116143111144152157
Expenses424450678892109135102130137140
Operating Profit645556889131517
OPM %12%8%9%6%5%7%6%5%8%9%10%11%
Other Income011100000011
Interest322223334455
Depreciation222223333334
Profit before tax012112223789
Tax %94%-93%1%34%55%13%36%29%28%22%36%
Net Profit012101112655
EPS in Rs0.010.550.650.350.140.530.560.490.882.262.002.18
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth12%9%2%7%
Compounded Profit Growth73%29%58%-2%
Stock Price CAGR%20%25%22%
Return on Equity3%5%6%6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital102025252525252525252525
Reserves1-033343536373840424852
Borrowings474140161619333739394259
Other Liabilities141616121722171519141519
Total Liabilities72771148793102112116122120129155
Fixed Assets303030313033353333302844
CWIP111111100354
Investments000111000001
Other Assets4147835461677682898696106
Total Assets72771148793102112116122120129155
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-416-7546-3710910
Cash from Investing Activity-4-1-2-4-0-5-50-3-4-2-7
Cash from Financing Activity8033-26-41-13-5-5-6-3
Net Cash Flow0-037-370-00-0-0000
Free Cash Flow-8-14-104-21-35674
CFO/OP-84%15%149%-146%111%80%92%-35%93%109%66%77%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days12914312714410768594857564359
Inventory Days346360344336323309328302247339274280
Days Payable174122123498182583942382837
Cash Conversion Cycle301381349431349296329311262357288302
Working Capital Days112154135199152123120137115145123116
ROCE %7%7%5%4%4%4%5%5%5%6%10%10%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Aug 2026
Promoters73.50%73.50%73.50%73.50%73.50%73.50%73.50%73.50%73.50%73.50%73.50%72.15%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.05%0.00%0.00%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.03%2.06%1.94%
Public26.50%53.00%26.50%26.50%26.50%26.50%26.49%26.50%26.50%24.42%24.44%25.91%
No. of Shareholders1,4933,4131,7282,1321,8341,7771,6961,7651,6591,7912,2362,262

Fundamentals

Market Cap₹ 687 Cr.
Current Price₹ 277
Stock P/E129
Book Value₹ 31.1
ROCE9.83 %
ROE6.38 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)7%
Compounded Profit Growth (TTM)-2%
Standalone figures.
Valuation
Market capRs 664 Cr
Enterprise valueRs 722 Cr
P/E (TTM)123.19x
Price to book8.62x
Price to sales4.23x
EV / EBITDA41.52x
EV / EBIT52.96x
EV / sales4.60x
Price to cash flow64.53x
Earnings yield0.81%
P/E, 3-year average111.19x
P/B, 3-year average5.93x
P/E, 5-year average168.56x
P/B, 5-year average5.60x
Profitability
Operating margin (excl. other income)10.00%
Operating margin (incl. other income)10.44%
EBITDA margin11.09%
Pre-tax margin5.43%
Net profit margin3.43%
Net margin, latest quarter2.05%
ROE6.65%
ROCE9.95%
ROA3.50%
ROE, 3-year average6.01%
ROCE, 3-year average8.75%
ROA, 3-year average3.27%
ROE, 5-year average4.43%
ROCE, 5-year average7.29%
ROA, 5-year average2.41%
ROIC (approx.)6.45%
Tax rate35.95%
Other income / net worth0.88%
Growth
Sales growth (latest year)5.76%
Profit growth (latest year)-11.25%
Sales CAGR, 3 years2.07%
Sales CAGR, 5 years9.13%
Profit CAGR, 3 years60.15%
Profit CAGR, 5 years30.36%
Sales growth QoQ-39.92%
Profit growth QoQ-84.09%
Sales growth YoY (latest quarter)15.69%
Profit growth YoY (latest quarter)124.24%
Per share
EPS (TTM)Rs 2.17
EPS (latest year)Rs 2.00
EPS (latest quarter)Rs 0.30
EPS, 3-year averageRs 1.72
EPS, 5-year averageRs 1.24
Book value per shareRs 31.07
Sales per shareRs 63.28
Cash flow per shareRs 4.15
Free cash flow per shareRs 1.61
Efficiency
Asset turnover0.98x
Fixed asset turnover3.44x
Inventory turnover1.42x
Inventory days258 days
Debtor days59 days
Debtors turnover6.21x
Creditor days37 days
Cash conversion cycle302 days
Working capital days116 days
Leverage
Total debtRs 59 Cr
Cash and bankRs 1 Cr
Net debtRs 58 Cr
Debt to equity0.77x
Net debt / EBITDA3.36x
Interest coverage2.66x
Current ratio (filing 2026-03-31)1.88x
Quick ratio (filing 2026-03-31)0.48x
Trade payables (filing 2026-03-31)Rs 10 Cr
Owners' fund to total sources49.60%
Debt to assets38.12%
Cash flow
Cash from Operating Activity (latest year)Rs 10 Cr
Cash from Investing Activity (latest year)Rs -7 Cr
Cash from Financing Activity (latest year)Rs -3 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 4 Cr
FCFE (approx.: FCF + change in debt)Rs 21 Cr
Cash from ops / profit, 5 years2.20x
Sales to cash flow14.78x
Statement figures
Net sales (TTM)Rs 157 Cr
Net sales (latest year)Rs 152 Cr
Sales (latest quarter)Rs 36 Cr
Operating profit excl. other income (latest year)Rs 15 Cr
Operating profit (latest quarter)Rs 4 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 17 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 9 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 5 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs 1 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 5 Cr
Cost of goods sold (latest year)Rs 110 Cr
Total expenditure (latest year)Rs 137 Cr
Total income (latest year)Rs 153 Cr
Share capitalRs 25 Cr
ReservesRs 52 Cr
Shareholders' fundsRs 77 Cr
Total assetsRs 155 Cr
Net blockRs 44 Cr
Capital work in progressRs 4 Cr
InvestmentsRs 1 Cr
ReceivablesRs 24 Cr
InventoryRs 78 Cr
Other liabilitiesRs 19 Cr
Shares outstanding (crore)2.48
Ownership
Promoter holding72.15% (-1.35 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 123.2 is at the 7th percentile of its own 8.4-year range (median 222.7, low 97.3, high 332.0).
P/B 8.62 is at the 93th percentile (median 5.48).
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.
PeriodEIFFLNifty 50Difference
1 week+0.5%-2.8% +3.3 pts
1 month-7.7%-6.8% -0.9 pts
3 months-18.1%-7.6% -10.5 pts
6 months+26.0%+0.4% +25.6 pts
1 year+17.7%-9.9% +27.6 pts
2 years+31.3%-13.6% +44.8 pts
3 years+87.9%+14.2% +73.7 pts
5 years+127.1%+27.9% +99.2 pts

Red flags

F-score 5 of 8
explainReceivables outrunning sales Receivables grew 46% vs sales +6% in 2026
explainDebt up, profit down Borrowings up 41% while net profit fell in 2026
lookAuditor change Auditor change 2026-05-27: Euro India Fresh Foods Limited has informed the Exchange regarding Change in Auditors of the company.
lookOn NSE surveillance On NSE surveillance: ESM
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 2026
Sales ₹36 Cr +15.7% vs Jun 2025. Net profit ₹1 Cr +124.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-20Annual General Meeting
2024-04-16Extra Ordinary General Meeting
2023-09-22Annual General Meeting
2022-09-22Annual General Meeting
DateTypeWhat it says
2026-10-01Shareholder meetingVoting results.
2026-09-30Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026
2026-09-09CessationCessation of Mr Pareshkumar Bhupatbhai Lathiya as Non- Executive Independent Director of the company w.e.f. September 09, 2026.
2026-09-09CessationCessation of Mr Snehal Manjibhai Patel as Non- Executive Independent Director of the company w.e.f. September 09, 2026.
2026-09-08Shareholder meetingNotice of Annual General Meeting to be held on September 30, 2026
2026-09-05Board meeting outcomeOutcome of Board Meeting held on September 05, 2026.
2026-09-05AppointmentAppointment of Mr Dineshkumar Pragjibhai Monpara as Independent Director of the company w.e.f. September 05, 2026.
2026-09-05AppointmentAppointment of Mr Jayesh Jethalal Patel as Independent Director of the company w.e.f. September 05, 2026.
2026-08-27Board meeting outcomeOutcome of Board Meeting held on August 27, 2026.
2026-08-13AllotmentAllotment of 464410 securities pursuant to Preferential Issue at its meeting held on August 13, 2026
2026-08-12Board meeting outcomeEuro India Fresh Foods Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-07AllotmentAllotment of 1930000 securities pursuant to Preferential Issue at its meeting held on August 07, 2026
2026-07-22UpdatesClarification sought by NSE in connection with the Companys in-principle application for preferential issue of equity shares.
2026-07-20Shareholder meetingVoting results.
2026-07-17Shareholder meetingProceedings of Extraordinary General Meeting held on July 17, 2026
2026-07-09CorrigendumCorrigendum to Notice of Extra Ordinary General Meeting to be held on July 17, 2026
2026-07-09Board meeting outcomeOutcome of Board Meeting held on July 09, 2026.
2026-06-25Shareholder meetingNotice of Extraordinary General Meeting to be held on July 17, 2026
2026-06-19Board meeting outcomeOutcome of Board Meeting held on Jun 19, 2026.
2026-06-12Disclosure under SEBI TakeovMANHAR JIVANBHAI SANSPARA has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Sub...
2026-05-27Change in AuditorsChange in Auditors of the company.
2026-05-27Board meeting outcomeEuro India Fresh Foods Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-02-28UpdatesList of Key Managerial Personnel (KMPs) to determine materiality of an event or information and to make disclosures to the Stock Exchange..
2026-02-27UpdatesList of Key Managerial Personnel (KMPs) to determine materiality of an event or information and to make disclosures to the Stock Exchange..
2026-02-27AppointmentAppointment of Mr Aniket Ranpara as Company Secretary & Compliance Officer of the company w.e.f. February 27, 2026.
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.
ESM: stage 2Less than 100 unique PAN traded in previous 30 daysScrip PE is greater than 50 (4 trailing quarters)
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03