Baba Food Processing (India) Ltd.

•

₹ 22-1.12%

2026-08-21

babafood.inBSE: -NSE: BABAFP

Market Cap₹ 36 Cr.

Current Price₹ 22

High / Low₹ 42 / 18

Stock P/E—

Book Value₹ 37

Price to Book1.10

Dividend Yield0.00 %

ROCE6.9 %

ROE7.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.42x)
Working capital cycle has improved - days down from 52 to 29
Attractively priced for its growth - PEG of 0.5
Company converts assets efficiently - asset turnover of 1.9x

CONS

Receivables are growing faster than sales - a possible quality concern
Equity base is being diluted - shares outstanding up 240.1%
Total debt has risen sharply - up 106.2% year on year
Though reporting repeated profits, the company pays out little dividend (0.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Fast Moving Consumer GoodsFMCGConsumer Food

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	NESTLEIND	1469.90	74.37	283442.92	0.82	9586.80	1382.67	63781.80	1157.04	98.35	23.86
2.	VBL	432.75	43.23	146376.17	0.35	1525.36	15.08	8650.57	20.77	20.73	27.04
3.	BRITANNIA	5410.00	50.04	130309.75	1.67	593.38	14.08	4999.97	10.26	56.48	16.77
4.	JUBLFOOD	495.90	75.40	32721.72	0.24	100.03	6.03	2569.65	13.66	25.56	19.77
5.	HATSUN	931.75	59.58	20754.57	1.72	60.58	—	2363.72	17.61	14.60	10.81
6.	DEVYANI	142.85	0.00	17612.54	0.00	171.04	7576.84	15805.16	1064.74	8.98	16.09
7.	ZYDUSWELL	492.95	83.34	15683.73	0.24	118.90	-7.04	1437.00	67.54	4.42	16.82
8.	MILKYMIST	199.55	120.95	15362.23	0.00	—	—	—	—	13.79	—
9.	BIKAJI	609.25	59.09	15276.12	0.21	59.47	1.62	734.26	15.26	21.65	13.48
10.	LTFOODS	429.90	23.31	14928.40	0.70	183.45	8.87	3151.83	27.92	21.42	11.26
11.	MANORAMA	1924.70	49.26	12149.17	0.04	78.66	67.55	404.01	39.53	19.70	26.29
12.	BABAFP	22.10	0.00	36.08	0.00	—	—	—	—	6.90	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	107	97	190	184	206
	102	92	179	173	198
Operating Profit	6	5	11	12	9
OPM %	5	5	6	7	4
Other Income	1	0	0	1	1
Interest	1	1	2	2	1
Depreciation	1	1	2	2	2
	3	3	7	8	6
Tax %	36	28	28	27	22
Net Profit	2	2	5	6	4
EPS	4	4	4	4	3
Dividend Payout %	0	0	0	0	0
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	2	2	4	4	3
Minority Interest	0	0	0	0	0
Share of Associates	0	0	0	0	0
Adjusted EPS	2	2	4	4	3

Mar 2021

: 107
: 102
Operating Profit: 6
OPM %: 5
Other Income: 1
Interest: 1
Depreciation: 1
: 3
Tax %: 36
Net Profit: 2
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2022

: 97
: 92
Operating Profit: 5
OPM %: 5
Other Income: 0
Interest: 1
Depreciation: 1
: 3
Tax %: 28
Net Profit: 2
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

Mar 2023

: 190
: 179
Operating Profit: 11
OPM %: 6
Other Income: 0
Interest: 2
Depreciation: 2
: 7
Tax %: 28
Net Profit: 5
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2024

: 184
: 173
Operating Profit: 12
OPM %: 7
Other Income: 1
Interest: 2
Depreciation: 2
: 8
Tax %: 27
Net Profit: 6
EPS: 4
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2025

: 206
: 198
Operating Profit: 9
OPM %: 4
Other Income: 1
Interest: 1
Depreciation: 2
: 6
Tax %: 22
Net Profit: 4
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 28%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 29%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -41%

RETURN ON EQUITY

10 Years:: —
5 Years:: 13%
3 Years:: 15%
Last Year:: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-
Equity Capital	5	5	5	16	16
	12	15	20	43	47
	11	15	20	16	13
Trade Payables	4	4	6	2	6
	15	16	17	14	44
Total Liabilities	46	55	68	90	126
ASSETS	-	-	-	-	-
	21	20	21	32	33
Capital Work in Progress	0	0	1	9	52
	8	4	3	20	0
	5	17	24	14	15
	0	0	0	10	16
Cash & Bank	0	1	4	0	0
	12	12	15	5	11
Total Assets	46	55	68	90	126
Total Debt	23	28	33	26	53
Net Working Capital	1	9	14	26	16
Contingent Liabilities	1	1	1	0	0
Book Value per Share	34.35	41.59	52.08	35.62	36.88
Face Value	10.00	10.00	10.00	10.00	10.00
Total Debt	23	28	33	26	53
Net Working Capital	1	9	14	26	16
Contingent Liabilities	1	1	1	0	0
Book Value per Share	34.35	41.59	52.08	35.62	36.88
Face Value	10.00	10.00	10.00	10.00	10.00

Mar 2021

Equity Capital: 5
: 12
: 11
Trade Payables: 4
: 15
Total Liabilities: 46
: 21
Capital Work in Progress: 0
: 8
: 5
: 0
Cash & Bank: 0
: 12
Total Assets: 46
Total Debt: 23
Net Working Capital: 1
Contingent Liabilities: 1
Book Value per Share: 34.35
Face Value: 10.00
Total Debt: 23
Net Working Capital: 1
Contingent Liabilities: 1
Book Value per Share: 34.35
Face Value: 10.00

Mar 2022

Equity Capital: 5
: 15
: 15
Trade Payables: 4
: 16
Total Liabilities: 55
: 20
Capital Work in Progress: 0
: 4
: 17
: 0
Cash & Bank: 1
: 12
Total Assets: 55
Total Debt: 28
Net Working Capital: 9
Contingent Liabilities: 1
Book Value per Share: 41.59
Face Value: 10.00
Total Debt: 28
Net Working Capital: 9
Contingent Liabilities: 1
Book Value per Share: 41.59
Face Value: 10.00

Mar 2023

Equity Capital: 5
: 20
: 20
Trade Payables: 6
: 17
Total Liabilities: 68
: 21
Capital Work in Progress: 1
: 3
: 24
: 0
Cash & Bank: 4
: 15
Total Assets: 68
Total Debt: 33
Net Working Capital: 14
Contingent Liabilities: 1
Book Value per Share: 52.08
Face Value: 10.00
Total Debt: 33
Net Working Capital: 14
Contingent Liabilities: 1
Book Value per Share: 52.08
Face Value: 10.00

Mar 2024

Equity Capital: 16
: 43
: 16
Trade Payables: 2
: 14
Total Liabilities: 90
: 32
Capital Work in Progress: 9
: 20
: 14
: 10
Cash & Bank: 0
: 5
Total Assets: 90
Total Debt: 26
Net Working Capital: 26
Contingent Liabilities: 0
Book Value per Share: 35.62
Face Value: 10.00
Total Debt: 26
Net Working Capital: 26
Contingent Liabilities: 0
Book Value per Share: 35.62
Face Value: 10.00

Mar 2025

Equity Capital: 16
: 47
: 13
Trade Payables: 6
: 44
Total Liabilities: 126
: 33
Capital Work in Progress: 52
: 0
: 15
: 16
Cash & Bank: 0
: 11
Total Assets: 126
Total Debt: 53
Net Working Capital: 16
Contingent Liabilities: 0
Book Value per Share: 36.88
Face Value: 10.00
Total Debt: 53
Net Working Capital: 16
Contingent Liabilities: 0
Book Value per Share: 36.88
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	9	-8	6	16	0
Cash from Investing	-0	3	-2	-39	-27
Cash from Financing	-9	6	-1	19	26
	-0	1	3	-4	0
Free Cash Flow	9	-8	2	-5	-45
OCF / Net Profit	4.33	-3.99	1.21	2.53	0.09
Cumulative 5-Year FCF	0	0	0	0	0
OCF / Net Profit	4.33	-3.99	1.21	2.53	0.09
Cumulative 5-Year FCF	0	0	0	0	0

Mar 2021

: 9
Cash from Investing: -0
Cash from Financing: -9
: -0
Free Cash Flow: 9
OCF / Net Profit: 4.33
Cumulative 5-Year FCF: 0
OCF / Net Profit: 4.33
Cumulative 5-Year FCF: 0

Mar 2022

: -8
Cash from Investing: 3
Cash from Financing: 6
: 1
Free Cash Flow: -8
OCF / Net Profit: -3.99
Cumulative 5-Year FCF: 0
OCF / Net Profit: -3.99
Cumulative 5-Year FCF: 0

Mar 2023

: 6
Cash from Investing: -2
Cash from Financing: -1
: 3
Free Cash Flow: 2
OCF / Net Profit: 1.21
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.21
Cumulative 5-Year FCF: 0

Mar 2024

: 16
Cash from Investing: -39
Cash from Financing: 19
: -4
Free Cash Flow: -5
OCF / Net Profit: 2.53
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.53
Cumulative 5-Year FCF: 0

Mar 2025

: 0
Cash from Investing: -27
Cash from Financing: 26
: 0
Free Cash Flow: -45
OCF / Net Profit: 0.09
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.09
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-
EPS (₹)	4.13	4.19	10.43	3.77	2.64
Book Value (₹)	34.35	41.59	52.08	35.62	36.88
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.81	2.64	5.53	4.86	3.78
PROFITABILITY	-	-	-	-	-
Operating Margin %	5.37%	5.49%	5.83%	6.32%	3.64%
Net Margin %	1.86%	2.07%	2.64%	3.34%	2.09%
ROE %	12.02%	11.04%	22.26%	14.80%	7.28%
ROCE %	10.91%	9.55%	17.88%	14.85%	6.90%
	4.32%	4.00%	8.15%	7.77%	3.99%
EFFICIENCY	-	-	-	-	-
Debtor Days	34	37	21	22	23
Inventory Days	17	41	40	38	25
Payable Days	15	16	11	9	7
	37	62	50	50	41
FINANCIAL HEALTH	-	-	-	-	-
Debt to Equity (x)	1.41x	1.39x	1.31x	0.45x	0.89x
Interest Coverage (x)	3.49x	3.06x	3.82x	4.95x	5.38x
	1.05x	1.43x	1.47x	2.33x	1.79x
GROWTH	-	-	-	-	-
Revenue Growth %	0.00%	-8.86%	95.18%	-2.82%	11.73%
Operating Profit Growth %	0.00%	-6.76%	107.04%	11.42%	-29.46%
Net Profit Growth %	0.00%	1.57%	148.65%	22.93%	-29.97%
	0.00%	0.00%	0.00%	-63.86%	-29.97%
VALUATION	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	13.91x	15.39x
P/B (x)	0.00x	0.00x	0.00x	1.47x	1.10x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	9.05x	13.77x

Mar 2021

EPS (₹): 4.13
Book Value (₹): 34.35
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.81
Operating Margin %: 5.37%
Net Margin %: 1.86%
ROE %: 12.02%
ROCE %: 10.91%
: 4.32%
Debtor Days: 34
Inventory Days: 17
Payable Days: 15
: 37
Debt to Equity (x): 1.41x
Interest Coverage (x): 3.49x
: 1.05x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 4.19
Book Value (₹): 41.59
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.64
Operating Margin %: 5.49%
Net Margin %: 2.07%
ROE %: 11.04%
ROCE %: 9.55%
: 4.00%
Debtor Days: 37
Inventory Days: 41
Payable Days: 16
: 62
Debt to Equity (x): 1.39x
Interest Coverage (x): 3.06x
: 1.43x
Revenue Growth %: -8.86%
Operating Profit Growth %: -6.76%
Net Profit Growth %: 1.57%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 10.43
Book Value (₹): 52.08
Dividend per Share (₹): 0.00
Cash EPS (₹): 5.53
Operating Margin %: 5.83%
Net Margin %: 2.64%
ROE %: 22.26%
ROCE %: 17.88%
: 8.15%
Debtor Days: 21
Inventory Days: 40
Payable Days: 11
: 50
Debt to Equity (x): 1.31x
Interest Coverage (x): 3.82x
: 1.47x
Revenue Growth %: 95.18%
Operating Profit Growth %: 107.04%
Net Profit Growth %: 148.65%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 3.77
Book Value (₹): 35.62
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.86
Operating Margin %: 6.32%
Net Margin %: 3.34%
ROE %: 14.80%
ROCE %: 14.85%
: 7.77%
Debtor Days: 22
Inventory Days: 38
Payable Days: 9
: 50
Debt to Equity (x): 0.45x
Interest Coverage (x): 4.95x
: 2.33x
Revenue Growth %: -2.82%
Operating Profit Growth %: 11.42%
Net Profit Growth %: 22.93%
: -63.86%
P/E (x): 13.91x
P/B (x): 1.47x
Dividend Yield %: 0.00%
: 9.05x

Mar 2025

EPS (₹): 2.64
Book Value (₹): 36.88
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.78
Operating Margin %: 3.64%
Net Margin %: 2.09%
ROE %: 7.28%
ROCE %: 6.90%
: 3.99%
Debtor Days: 23
Inventory Days: 25
Payable Days: 7
: 41
Debt to Equity (x): 0.89x
Interest Coverage (x): 5.38x
: 1.79x
Revenue Growth %: 11.73%
Operating Profit Growth %: -29.46%
Net Profit Growth %: -29.97%
: -29.97%
P/E (x): 15.39x
P/B (x): 1.10x
Dividend Yield %: 0.00%
: 13.77x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	73.50	73.50	73.51	73.50	73.50
	0.03	0.03	0.03	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00
Public	26.47	26.47	26.47	26.50	26.50

Mar 2024

: 73.50
: 0.03
DIIs: 0.00
Government: 0.00
Public: 26.47

Sep 2024

: 73.50
: 0.03
DIIs: 0.00
Government: 0.00
Public: 26.47

Mar 2025

: 73.51
: 0.03
DIIs: 0.00
Government: 0.00
Public: 26.47

Sep 2025

: 73.50
: 0.00
DIIs: 0.00
Government: 0.00
Public: 26.50

Mar 2026

: 73.50
: 0.00
DIIs: 0.00
Government: 0.00
Public: 26.50

Documents

Announcements

Nothing filed yet.

Annual Reports

Annual Report FY2025
2025
Annual Report FY2024
2024

Credit Ratings

Nothing filed yet.

Concalls

Sep 2024
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May 2024
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Feb 2024
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