Price
Financials
Standalone, Rs crore| Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33 | 42 | 30 | 53 | 73 | 60 | 51 | 86 | 47 | 64 |
| Expenses | 33 | 38 | 28 | 46 | 68 | 51 | 45 | 77 | 41 | 55 |
| Operating Profit | 1 | 5 | 1 | 7 | 5 | 9 | 6 | 9 | 6 | 8 |
| OPM % | 2.0% | 11% | 4.2% | 13% | 7% | 14% | 12% | 10% | 13% | 13% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 1 | 2 | 2 | 3 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 4 | 0 | 5 | 3 | 5 | 3 | 6 | 3 | 5 |
| Tax % | 58% | 4% | 46% | 6% | 6% | 0% | 8% | 3% | 8% | 4% |
| Net Profit | 0 | 4 | 0 | 5 | 3 | 5 | 3 | 6 | 3 | 5 |
| EPS in Rs | 0.14 | 5.22 | 0.14 | 4.57 | 2.65 | 4.89 | 2.56 | 5.85 | 2.51 | 4.90 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 8 | 18 | 63 | 76 | 83 | 133 | 137 | 110 |
| Expenses | 7 | 17 | 61 | 70 | 75 | 119 | 122 | 96 |
| Operating Profit | 0 | 1 | 2 | 6 | 8 | 13 | 15 | 14 |
| OPM % | 5% | 3.6% | 2.6% | 7% | 10% | 10% | 11% | 13% |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 1 | 2 | 4 | 4 | 4 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 0 | 0 | 1 | 4 | 5 | 8 | 9 | 8 |
| Tax % | 25% | 24% | 21% | 7% | 8% | 7% | 4% | 5% |
| Net Profit | 0 | 0 | 1 | 4 | 5 | 7 | 8 | 7 |
| EPS in Rs | 3.14 | 3.14 | 3.04 | 5.35 | 4.71 | 7.18 | 8.41 | 7.42 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 12% | 10% | -19% | ||
| Compounded Profit Growth | % | 58% | 16% | -12% | ||
| Stock Price CAGR | % | % | -30% | -53% | ||
| Return on Equity | % | 17% | 15% | 13% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 0.50 | 2 | 5 | 7 | 7 | 7 | 10 |
| Reserves | 0 | 0 | 1 | 6 | 32 | 39 | 47 | 52 |
| Borrowings | 2 | 4 | 5 | 15 | 49 | 48 | 54 | 54 |
| Other Liabilities | 0 | 3 | 10 | 15 | 15 | 12 | 9 | 4 |
| Total Liabilities | 3 | 8 | 18 | 41 | 102 | 106 | 118 | 120 |
| Fixed Assets | 1 | 2 | 5 | 6 | 11 | 18 | 17 | 16 |
| CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1 | 5 | 13 | 34 | 91 | 88 | 101 | 104 |
| Total Assets | 3 | 8 | 18 | 41 | 102 | 106 | 118 | 120 |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0 | 2 | -13 | -43 | 7 | -1 | 6 | |
| Cash from Investing Activity | -3 | -2 | -2 | -6 | -8 | -1 | -1 | |
| Cash from Financing Activity | 2 | 1 | 14 | 55 | -5 | 2 | -5 | |
| Net Cash Flow | 0 | 1 | -1 | 6 | -6 | -0 | 0 | |
| Free Cash Flow | -2 | -0 | -15 | -48 | -1 | -3 | 5 | |
| CFO/OP | 77% | 104% | -227% | -511% | 59% | -4% | 45% |
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 40 | 48 | 42 | 15 | 41 | 7 | 13 | 25 |
| Inventory Days | 29 | 41 | 27 | 189 | 506 | 285 | 409 | 413 |
| Days Payable | 7 | 65 | 71 | 82 | 80 | 17 | 26 | 1 |
| Cash Conversion Cycle | 62 | 24 | -2 | 121 | 468 | 275 | 396 | 437 |
| Working Capital Days | -13 | -17 | 1 | 32 | 112 | 112 | 140 | 192 |
| ROCE % | 14% | 20% | 29% | 13% | 13% | 13% | 11% |
| Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 70.82% | 70.82% | 71.15% | 71.15% | 71.15% | 71.15% | 71.15% | 71.15% | 71.15% | 71.15% | 71.15% |
| Public | 29.18% | 29.18% | 28.85% | 28.85% | 28.85% | 28.85% | 28.85% | 28.85% | 28.85% | 28.85% | 28.85% |
| No. of Shareholders | 670 | 653 | 598 | 786 | 854 | 854 | 912 | 897 | 870 | 878 | 891 |
Fundamentals
Market Cap₹ 89.8 Cr.
Current Price₹ 89.0
Stock P/E12.0
Book Value₹ 61.5
ROCE11.0 %
ROE12.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-19%
Compounded Profit Growth (TTM)-12%
Standalone figures.
Valuation
Market capRs 63 Cr
Enterprise valueRs 111 Cr
P/E (TTM)8.66x
Price to book1.37x
Price to sales0.47x
EV / EBITDA8.08x
EV / EBIT9.32x
EV / sales0.83x
Price to cash flow8.59x
Earnings yield11.55%
P/E, 3-year average35.05x
P/B, 3-year average4.66x
P/E, 5-year average35.05x
P/B, 5-year average4.66x
Profitability
Operating margin (excl. other income)10.10%
Operating margin (incl. other income)10.30%
EBITDA margin10.30%
Pre-tax margin5.85%
Net profit margin5.46%
ROE17.12%
ROCE13.07%
ROA6.97%
ROE, 3-year average30.36%
ROCE, 3-year average18.13%
ROA, 3-year average9.02%
ROE, 5-year average31.85%
ROCE, 5-year average18.02%
ROA, 5-year average7.49%
ROIC (approx.)11.79%
Tax rate6.81%
Other income / net worth0.59%
Growth
Sales growth (latest year)60.33%
Profit growth (latest year)52.31%
Sales CAGR, 3 years28.52%
Sales CAGR, 5 years77.41%
Profit CAGR, 3 years104.32%
Profit CAGR, 5 years101.18%
Per share
EPS (TTM)Rs 10.27
EPS (latest year)Rs 10.27
EPS, 3-year averageRs 8.23
EPS, 5-year averageRs 6.68
Book value per shareRs 65.06
Sales per shareRs 188.22
Cash flow per shareRs 10.35
Free cash flow per shareRs 7.08
Efficiency
Asset turnover1.26x
Fixed asset turnover7.58x
Inventory turnover1.48x
Inventory days246 days
Debtor days7 days
Debtors turnover54.24x
Creditor days1 days
Cash conversion cycle437 days
Working capital days192 days
Leverage
Total debtRs 48 Cr
Cash and bankRs 0 Cr
Net debtRs 48 Cr
Debt to equity1.04x
Net debt / EBITDA3.49x
Interest coverage2.91x
Owners' fund to total sources43.42%
Debt to assets45.30%
Cash flow
Cash from Operating Activity (latest year)Rs 7 Cr
Cash from Investing Activity (latest year)Rs -8 Cr
Cash from Financing Activity (latest year)Rs -5 Cr
Net Cash Flow (latest year)Rs -6 Cr
Free cash flow (latest year)Rs 5 Cr
FCFE (approx.: FCF + change in debt)Rs 4 Cr
Cash from ops / profit, 5 years-1.42x
Sales to cash flow18.18x
Statement figures
Net sales (TTM)Rs 133 Cr
Net sales (latest year)Rs 133 Cr
Operating profit excl. other income (latest year)Rs 13 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 14 Cr
PBDT (TTM)Rs 10 Cr
Profit before tax (TTM)Rs 8 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 7 Cr
Depreciation (TTM)Rs 2 Cr
Interest (TTM)Rs 4 Cr
Cost of goods sold (latest year)Rs 118 Cr
Total expenditure (latest year)Rs 119 Cr
Total income (latest year)Rs 133 Cr
Share capitalRs 7 Cr
ReservesRs 39 Cr
Shareholders' fundsRs 46 Cr
Total assetsRs 106 Cr
Net blockRs 18 Cr
ReceivablesRs 2 Cr
InventoryRs 79 Cr
Other liabilitiesRs 12 Cr
Shares outstanding (crore)0.71
Ownership
Promoter holding71.15% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 8.7 is at the 2th percentile of its own 3.4-year range
(median 37.8, low 8.4, high 336.4).
P/B 1.37 is at the 2th percentile (median 12.62).
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 | USASEEDS | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -1.2% | -2.8% | +1.6 pts |
| 1 month | -8.2% | -6.8% | -1.4 pts |
| 3 months | -18.4% | -7.6% | -10.8 pts |
| 6 months | -51.5% | +0.4% | -51.9 pts |
| 1 year | -41.5% | -9.9% | -31.6 pts |
| 2 years | -77.9% | -13.6% | -64.4 pts |
| 3 years | -75.2% | +14.2% | -89.3 pts |
Red flags
F-score 8 of 8| explain | Weak cash conversion Cash from operations was -302% of net profit over the last 3 years |
| explain | Share dilution Share count up 0% in a year, 261% in three |
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 ₹64 Cr +6.7% vs Mar 2024.
Net profit ₹5 Cr +0.0%.
Against our estimate for Mar 2026: sales -36.8%, profit -26.1% miss.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| L T Foods Ltd | 13,987 | 21.8 | 17.6 % |
| KRBL Ltd | 8,840 | 11.7 | 15.2 % |
| Gujarat Ambuja Exports Ltd | 7,419 | 17.7 | 12.5 % |
| TruAlt Bioenergy Ltd | 3,940 | 25.2 | 10.4 % |
| Kaveri Seed Company Ltd | 3,801 | 15.2 | 15.8 % |
| Sanstar Ltd | 2,122 | 48.2 | 5.69 % |
| Amir Chand Jagdish Kumar (Exports) Ltd | 2,091 | 16.9 | 15.7 % |
| GRM Overseas Ltd | 1,632 | 21.3 | 14.0 % |
| AVT Natural Products Ltd | 1,403 | 16.7 | 14.2 % |
| Chamanlal Setia Exports Ltd | 1,401 | 11.2 | 18.2 % |
| Gulshan Polyols Ltd | 1,027 | 6.96 | 18.6 % |
| Regaal Resources Ltd | 909 | 14.0 | 12.0 % |
| Bombay Super Hybrid Seeds Ltd | 893 | 31.1 | 16.0 % |
| True Green Bio Energy Ltd | 622 | 11.6 | 13.8 % |
| Mangalam Global Enterprise Ltd | 533 | 14.4 | 17.0 % |
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.
High low price variation greater than 150perc in previous 12 monthsLess than 100 unique PAN traded in previous 30 daysMandatory Market making period in SME scrip is overSME scrip is not regularly traded
Quick answers
What is the market cap of Upsurge Seeds of Agriculture Ltd?
Upsurge Seeds of Agriculture Ltd (USASEEDS) has a market capitalisation of Rs 89.8 Cr. at the 2026-10-01 close.
What is the P/E ratio of Upsurge Seeds of Agriculture Ltd?
Upsurge Seeds of Agriculture Ltd trades at a P/E of 12.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Upsurge Seeds of Agriculture Ltd's latest quarterly results?
In the Mar 2026 quarter, Upsurge Seeds of Agriculture Ltd sales was Rs 64 Cr (+6.7% vs Mar 2024) and net profit was Rs 5 Cr.
What is the 52-week high and low of Upsurge Seeds of Agriculture Ltd?
The 52-week high is Rs 194.60 and the 52-week low is Rs 76.50.