Price
Financials
Standalone, Rs crore| Sep 2022 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 12 | 31 | 47 | 53 | 59 | 76 | 96 |
| Expenses | 11 | 26 | 40 | 44 | 50 | 63 | 79 |
| Operating Profit | 1 | 5 | 7 | 9 | 10 | 13 | 16 |
| OPM % | 10% | 17% | 16% | 17% | 16% | 18% | 17% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 1 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Profit before tax | 1 | 4 | 6 | 7 | 7 | 10 | 13 |
| Tax % | 28% | 32% | 29% | 28% | 34% | 29% | 30% |
| Net Profit | 1 | 3 | 4 | 5 | 5 | 7 | 9 |
| EPS in Rs | 1.12 | 3.03 | 5.15 | 5.73 | 5.61 | 8.32 | 10.55 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 0 | 11 | 18 | 36 | 78 | 107 | 163 |
| Expenses | 0 | 11 | 16 | 30 | 65 | 88 | 134 |
| Operating Profit | -0 | 1 | 2 | 6 | 13 | 18 | 30 |
| OPM % | -11% | 7% | 9% | 16% | 16% | 17% | 18% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 1 | 2 | 2 | 4 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 2 | 4 |
| Profit before tax | -0 | 0 | 1 | 4 | 10 | 14 | 23 |
| Tax % | 0% | 28% | 28% | 27% | 30% | 31% | 30% |
| Net Profit | -0 | 0 | 1 | 3 | 7 | 10 | 16 |
| EPS in Rs | -0.35 | 0.73 | 1.52 | 5.15 | 8.17 | 11.34 | 18.87 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 4% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 70% | 66% | 53% | ||
| Compounded Profit Growth | % | 113% | 71% | 58% | ||
| Stock Price CAGR | % | % | 40% | 81% | ||
| Return on Equity | % | 26% | 26% | 23% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 4 | 4 | 5 | 7 | 9 | 9 |
| Reserves | -0 | 0 | 1 | 4 | 17 | 50 | 66 |
| Borrowings | 0 | 0 | 3 | 13 | 19 | 17 | 34 |
| Other Liabilities | 0 | 2 | 3 | 4 | 12 | 3 | 13 |
| Total Liabilities | 2 | 6 | 11 | 26 | 55 | 78 | 122 |
| Fixed Assets | 2 | 3 | 4 | 5 | 6 | 21 | 18 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1 | 3 | 6 | 21 | 49 | 57 | 104 |
| Total Assets | 2 | 6 | 11 | 26 | 55 | 78 | 122 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0 | -1 | -9 | -11 | -2 | -14 | |
| Cash from Investing Activity | -2 | -2 | -1 | -2 | -17 | 0 | |
| Cash from Financing Activity | 2 | 3 | 10 | 12 | 20 | 14 | |
| Net Cash Flow | 0 | -0 | -0 | 0 | -0 | 0 | |
| Free Cash Flow | -2 | -3 | -10 | -12 | -20 | -15 | |
| CFO/OP | -11% | -62% | -150% | -76% | 26% | -44% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 54 | 86 | 117 | 86 | 102 | 128 |
| Inventory Days | 146 | 41 | 49 | 121 | 186 | 122 | 138 |
| Days Payable | 1,022 | 78 | 57 | 36 | 51 | 11 | 19 |
| Cash Conversion Cycle | -876 | 17 | 78 | 202 | 221 | 213 | 247 |
| Working Capital Days | -154 | 24 | 27 | 83 | 106 | 154 | 138 |
| ROCE % | 15% | 19% | 34% | 37% | 28% | 29% |
| Mar 2024 | Sep 2024 | Oct 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Promoters | 69.94% | 69.94% | 58.28% | 58.28% | 58.28% | 58.28% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.20% |
| DIIs | 0.00% | 1.09% | 1.09% | 1.35% | 1.35% | 1.35% |
| Public | 30.06% | 28.97% | 40.63% | 40.37% | 40.37% | 40.16% |
| No. of Shareholders | 547 | 890 | 1,058 | 1,741 | 1,712 | 1,610 |
Fundamentals
Market Cap₹ 242 Cr.
Current Price₹ 282
Stock P/E15.7
Book Value₹ 86.9
ROCE28.6 %
ROE23.1 %
Dividend Yield0.18 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)53%
Compounded Profit Growth (TTM)58%
Standalone figures.
Valuation
Market capRs 142 Cr
Enterprise valueRs 155 Cr
P/E (TTM)46.11x
Price to book15.59x
Price to sales3.98x
EV / EBITDA26.68x
EV / EBIT30.33x
EV / sales4.34x
Earnings yield2.17%
Profitability
Operating margin (excl. other income)16.22%
Operating margin (incl. other income)16.25%
EBITDA margin16.25%
Pre-tax margin11.90%
Net profit margin8.63%
ROE43.74%
ROCE34.44%
ROA17.00%
ROE, 3-year average23.68%
ROCE, 3-year average22.85%
ROA, 3-year average11.29%
ROIC (approx.)16.91%
Tax rate27.46%
Other income / net worth0.11%
Growth
Sales growth (latest year)103.47%
Profit growth (latest year)323.29%
Sales CAGR, 3 years473.35%
Per share
EPS (TTM)Rs 6.18
EPS (latest year)Rs 6.18
EPS, 3-year averageRs 2.95
Book value per shareRs 18.28
Sales per shareRs 71.62
Cash flow per shareRs -18.24
Free cash flow per shareRs -30.00
Efficiency
Asset turnover1.39x
Fixed asset turnover7.37x
Inventory turnover3.07x
Inventory days119 days
Debtor days117 days
Debtors turnover3.11x
Creditor days19 days
Cash conversion cycle247 days
Working capital days138 days
Leverage
Total debtRs 13 Cr
Cash and bankRs 0 Cr
Net debtRs 13 Cr
Debt to equity1.40x
Net debt / EBITDA2.20x
Interest coverage5.95x
Owners' fund to total sources35.59%
Debt to assets49.96%
Cash flow
Cash from Operating Activity (latest year)Rs -9 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 10 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -15 Cr
FCFE (approx.: FCF + change in debt)Rs -5 Cr
Cash from ops / profit, 5 years-1.00x
Statement figures
Net sales (TTM)Rs 36 Cr
Net sales (latest year)Rs 36 Cr
Operating profit excl. other income (latest year)Rs 6 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 6 Cr
PBDT (TTM)Rs 5 Cr
Profit before tax (TTM)Rs 4 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 3 Cr
Net profit (latest year)Rs 3 Cr
Depreciation (TTM)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 26 Cr
Total expenditure (latest year)Rs 30 Cr
Total income (latest year)Rs 36 Cr
Share capitalRs 5 Cr
ReservesRs 4 Cr
Shareholders' fundsRs 9 Cr
Total assetsRs 26 Cr
Net blockRs 5 Cr
ReceivablesRs 12 Cr
InventoryRs 8 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)0.50
Ownership
Promoter holding58.28% (-11.66 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 46.1 is at the 14th percentile of its own 2.3-year range
(median 106.0, low 42.0, high 393.6).
P/B 15.59 is at the 33th percentile (median 22.50).
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 | SSFL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +3.8% | -2.8% | +6.6 pts |
| 1 month | +7.5% | -6.8% | +14.3 pts |
| 3 months | +4.0% | -7.6% | +11.6 pts |
| 6 months | +159.3% | +0.4% | +158.9 pts |
| 1 year | +76.2% | -9.9% | +86.1 pts |
| 2 years | +5.0% | -13.6% | +18.5 pts |
| 3 years | +157.9% | +14.2% | +143.7 pts |
Red flags
F-score 3 of 8| explain | Weak cash conversion Cash from operations was -249% of net profit over the last 3 years |
| explain | High accruals Profit exceeded operating cash by 48% of total assets in 2026 |
| explain | Receivables outrunning sales Receivables grew 179% vs sales +103% in 2026 |
| explain | Share dilution Share count up 25% in a year, 161% in three |
| look | Inventory outrunning sales Inventory grew 328% vs sales +103% in 2026 |
| look | On 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
Mar 2026Sales ₹96 Cr +104.3% vs Mar 2024.
Net profit ₹9 Cr +125.0%.
Activity
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|---|---|---|---|
| EID Parry (India) Ltd | 12,390 | 15.3 | 17.0 % |
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| Freshara Agro Exports Ltd | 975 | 26.3 | % |
| Apis India Ltd | 690 | 27.4 | 14.6 % |
| Proventus Agrocom Ltd | 673 | 48.5 | 11.5 % |
| Pajson Agro India Ltd | 512 | 20.6 | 31.4 % |
| Hoac Foods India Ltd | 388 | 68.3 | 32.1 % |
| Madhusudan Masala Ltd | 387 | 21.2 | 16.2 % |
| Nutricircle Ltd | 300 | 999 | 4.23 % |
| Chemkart India Ltd | 300 | 15.3 | 27.7 % |
| Megastar Foods Ltd | 290 | 29.5 | 11.6 % |
| Wardwizard Foods & Beverages Ltd | 224 | 51.8 | 4.40 % |
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.
ESM: stage 1Less than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded