Madhya Bharat Agro Products Ltd.
•₹ 169.523.74%
2026-08-21
PROS
- Company has delivered good profit growth of 49.3% CAGR over last 5 years
- Company has delivered good sales growth of 58.7% CAGR over last 5 years
- Stock looks reasonably valued - P/E of 26.9 is below its historical median
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
- Company comfortably covers its interest (6.4x coverage)
CONS
- Company has a high debt-to-equity of 1.56x
- Operating cash flow has been negative in recent years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.50x)
- Total debt has risen sharply - up 169.1% year on year
- Operating margins have contracted to 12.1% from 21.9%
- Stock is trading at 7.3x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| 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. | COROMANDEL | 2038.80 | 32.83 | 60147.95 | 0.54 | 381.56 | -23.93 | 8164.77 | 15.94 | 23.92 | 9.26 |
| 2. | FACT | 787.00 | 1821.34 | 50924.56 | 0.00 | -67.90 | -948.75 | 1567.84 | 65.14 | 11.30 | -2.73 |
| 3. | CHAMBLFERT | 434.35 | 9.03 | 17402.33 | 2.53 | 523.60 | -4.61 | 5027.02 | -11.77 | 25.50 | 16.42 |
| 4. | PARADEEP | 150.90 | 14.62 | 15671.27 | 0.99 | 392.54 | 53.43 | 6124.25 | 63.14 | 13.95 | 11.76 |
| 5. | MBAPL | 163.63 | 0.00 | 7169.20 | 0.06 | 329.62 | 1068.62 | 4163.01 | 916.15 | 19.41 | 15.83 |
| 6. | RCF | 119.05 | 14.71 | 6567.85 | 1.97 | 73.53 | 35.09 | 3585.71 | 6.38 | 7.64 | 6.11 |
| 7. | GSFC | 161.80 | 9.31 | 6447.37 | 3.09 | 158.54 | 14.39 | 3583.15 | 64.03 | 6.16 | 6.58 |
| 8. | KRISHANA | 194.30 | 0.00 | 6006.55 | 0.05 | 47.09 | 54.01 | 532.31 | 34.58 | 27.26 | 16.71 |
| 9. | NFL | 70.11 | 9.44 | 3439.45 | 0.00 | 113.38 | 387.47 | 4500.39 | 27.34 | 7.84 | 6.87 |
| 10. | SPIC | 68.13 | 6.77 | 1387.40 | 2.94 | 60.18 | -9.79 | 848.81 | 9.22 | 16.82 | 9.27 |
| 11. | MADRASFERT | 65.48 | 0.00 | 1054.89 | 0.00 | 34.59 | -21.49 | 814.01 | 21.07 | 27.70 | 6.46 |
| 12. | ZUARI | 224.65 | 1.01 | 944.83 | 0.00 | 118.70 | -90.68 | 615.21 | -50.63 | 16.04 | 25.25 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 149 | 278 | 244 | 146 | 200 | 278 | 284 | 297 | 410 | 450 | 612 | 395 | 416 | |
| 125 | 238 | 226 | 132 | 167 | 242 | 244 | 261 | 353 | 388 | 546 | 353 | 377 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 1 | 1 | 0 | 9 | 2 | 2 | 2 | 6 | 3 | 2 | 3 | 9 | 5 |
| Interest | 6 | 8 | 4 | 8 | 9 | 7 | 5 | 7 | 7 | 6 | 9 | 11 | 15 |
| Depreciation | 7 | 7 | 7 | 7 | 9 | 9 | 9 | 8 | 9 | 9 | 9 | 9 | 12 |
| 12 | 26 | 7 | 8 | 18 | 23 | 27 | 27 | 44 | 49 | 51 | 31 | 44 | |
| Tax % | 41.75% | 41.75% | 80.03% | 82.21% | 36.02% | 39.22% | 33.56% | 47.14% | 36.11% | 37.25% | 37.40% | -94.98% | 25.52% |
| Net Profit | 7 | 15 | 1 | 1 | 11 | 14 | 18 | 14 | 28 | 30 | 32 | 60 | 33 |
| 1 | 2 | 0 | 0 | 1 | 2 | 2 | 2 | 1 | 3 | 4 | 7 | 0 | |
| Equity Capital | 44 | 44 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 44 | 44 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 | 88 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 149
- 125
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 6
- Depreciation
- 7
- 12
- Tax %
- 41.75%
- Net Profit
- 7
- 1
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 278
- 238
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 8
- Depreciation
- 7
- 26
- Tax %
- 41.75%
- Net Profit
- 15
- 2
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 44
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 244
- 226
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 4
- Depreciation
- 7
- 7
- Tax %
- 80.03%
- Net Profit
- 1
- 0
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 146
- 132
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 8
- Depreciation
- 7
- 8
- Tax %
- 82.21%
- Net Profit
- 1
- 0
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 200
- 167
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 9
- Depreciation
- 9
- 18
- Tax %
- 36.02%
- Net Profit
- 11
- 1
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 278
- 242
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 7
- Depreciation
- 9
- 23
- Tax %
- 39.22%
- Net Profit
- 14
- 2
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 284
- 244
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 5
- Depreciation
- 9
- 27
- Tax %
- 33.56%
- Net Profit
- 18
- 2
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 297
- 261
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 7
- Depreciation
- 8
- 27
- Tax %
- 47.14%
- Net Profit
- 14
- 2
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 410
- 353
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 7
- Depreciation
- 9
- 44
- Tax %
- 36.11%
- Net Profit
- 28
- 1
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 450
- 388
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 6
- Depreciation
- 9
- 49
- Tax %
- 37.25%
- Net Profit
- 30
- 3
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 612
- 546
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 9
- Depreciation
- 9
- 51
- Tax %
- 37.40%
- Net Profit
- 32
- 4
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 395
- 353
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 11
- Depreciation
- 9
- 31
- Tax %
- -94.98%
- Net Profit
- 60
- 7
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 416
- 377
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 15
- Depreciation
- 12
- 44
- Tax %
- 25.52%
- Net Profit
- 33
- 0
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 88
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 82 | 90 | 116 | 131 | 186 | 491 | 982 | 817 | 1,059 | 1,867 | 1,874 | |
| 60 | 69 | 87 | 96 | 144 | 385 | 772 | 721 | 914 | 1,640 | 1,665 | |
| Operating Profit | 25 | 21 | 30 | 35 | 42 | 107 | 215 | 108 | 157 | 243 | — |
| OPM % | 31 | 23 | 26 | 27 | 22 | 22 | 22 | 13 | 15 | 13 | — |
| Other Income | 4 | 0 | 0 | 0 | 0 | 0 | 5 | 11 | 11 | 17 | 19 |
| Interest | 5 | 5 | 4 | 3 | 4 | 8 | 16 | 26 | 28 | 32 | 41 |
| Depreciation | 7 | 8 | 10 | 10 | 9 | 18 | 22 | 29 | 34 | 37 | 40 |
| 13 | 7 | 16 | 21 | 29 | 81 | 176 | 52 | 95 | 174 | 174 | |
| Tax % | 12 | 30 | 27 | 31 | 29 | 30 | 29 | 52 | 39 | 14 | 11 |
| Net Profit | 12 | 5 | 11 | 15 | 20 | 57 | 124 | 25 | 57 | 150 | 155 |
| EPS | 0 | 0 | 0 | 7 | 9 | 13 | 14 | 3 | 7 | 17 | — |
| Dividend Payout % | 9 | 21 | 10 | 7 | 5 | 2 | 2 | 18 | 8 | 3 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 1 | 1 | 3 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 1 | 1 | 3 | — |
Mar 2017
- 82
- 60
- Operating Profit
- 25
- OPM %
- 31
- Other Income
- 4
- Interest
- 5
- Depreciation
- 7
- 13
- Tax %
- 12
- Net Profit
- 12
- EPS
- 0
- Dividend Payout %
- 9
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2018
- 90
- 69
- Operating Profit
- 21
- OPM %
- 23
- Other Income
- 0
- Interest
- 5
- Depreciation
- 8
- 7
- Tax %
- 30
- Net Profit
- 5
- EPS
- 0
- Dividend Payout %
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2019
- 116
- 87
- Operating Profit
- 30
- OPM %
- 26
- Other Income
- 0
- Interest
- 4
- Depreciation
- 10
- 16
- Tax %
- 27
- Net Profit
- 11
- EPS
- 0
- Dividend Payout %
- 10
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2020
- 131
- 96
- Operating Profit
- 35
- OPM %
- 27
- Other Income
- 0
- Interest
- 3
- Depreciation
- 10
- 21
- Tax %
- 31
- Net Profit
- 15
- EPS
- 7
- Dividend Payout %
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2021
- 186
- 144
- Operating Profit
- 42
- OPM %
- 22
- Other Income
- 0
- Interest
- 4
- Depreciation
- 9
- 29
- Tax %
- 29
- Net Profit
- 20
- EPS
- 9
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2022
- 491
- 385
- Operating Profit
- 107
- OPM %
- 22
- Other Income
- 0
- Interest
- 8
- Depreciation
- 18
- 81
- Tax %
- 30
- Net Profit
- 57
- EPS
- 13
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 982
- 772
- Operating Profit
- 215
- OPM %
- 22
- Other Income
- 5
- Interest
- 16
- Depreciation
- 22
- 176
- Tax %
- 29
- Net Profit
- 124
- EPS
- 14
- Dividend Payout %
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2024
- 817
- 721
- Operating Profit
- 108
- OPM %
- 13
- Other Income
- 11
- Interest
- 26
- Depreciation
- 29
- 52
- Tax %
- 52
- Net Profit
- 25
- EPS
- 3
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2025
- 1,059
- 914
- Operating Profit
- 157
- OPM %
- 15
- Other Income
- 11
- Interest
- 28
- Depreciation
- 34
- 95
- Tax %
- 39
- Net Profit
- 57
- EPS
- 7
- Dividend Payout %
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2026
- 1,867
- 1,640
- Operating Profit
- 243
- OPM %
- 13
- Other Income
- 17
- Interest
- 32
- Depreciation
- 37
- 174
- Tax %
- 14
- Net Profit
- 150
- EPS
- 17
- Dividend Payout %
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
TTM
- 1,874
- 1,665
- Operating Profit
- —
- OPM %
- —
- Other Income
- 19
- Interest
- 41
- Depreciation
- 40
- 174
- Tax %
- 11
- Net Profit
- 155
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 40%
- 5 Years:
- 59%
- 3 Years:
- 24%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 32%
- 5 Years:
- 49%
- 3 Years:
- 7%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 87%
- 3 Years:
- 37%
- 1 Year:
- 85%
RETURN ON EQUITY
- 10 Years:
- 19%
- 5 Years:
- 27%
- 3 Years:
- 18%
- Last Year:
- 31%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 44 | 88 | 88 | 88 |
| 80 | 84 | 95 | 108 | 127 | 183 | 285 | 263 | 316 | 462 | |
| 9 | 14 | 7 | 11 | 29 | 141 | 281 | 246 | 221 | 424 | |
| Trade Payables | 7 | 5 | 5 | 6 | 22 | 36 | 14 | 62 | 94 | 134 |
| 29 | 26 | 30 | 42 | 64 | 57 | 119 | 146 | 227 | 575 | |
| Total Liabilities | 146 | 151 | 159 | 189 | 264 | 439 | 743 | 804 | 946 | 1,682 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 94 | 102 | 93 | 83 | 85 | 153 | 203 | 265 | 279 | 436 | |
| Capital Work in Progress | 9 | 9 | 9 | 31 | 75 | 2 | 0 | 14 | 74 | 277 |
| 18 | 14 | 21 | 33 | 53 | 157 | 214 | 207 | 167 | 360 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 186 | 256 | 426 | |
| Cash & Bank | 0 | 0 | 0 | 1 | 0 | 8 | 21 | 12 | 12 | 25 |
| 25 | 25 | 36 | 41 | 51 | 118 | 304 | 120 | 157 | 157 | |
| Total Assets | 146 | 151 | 159 | 189 | 264 | 439 | 743 | 804 | 946 | 1,682 |
| Total Debt | 34 | 36 | 26 | 40 | 70 | 164 | 323 | 290 | 318 | 855 |
| Net Working Capital | 17 | 11 | 30 | 45 | 34 | 95 | 184 | 132 | 159 | 277 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| Book Value per Share | 35.24 | 37.11 | 53.32 | 59.51 | 68.18 | 93.72 | 74.95 | 40.05 | 46.09 | 62.73 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 34 | 36 | 26 | 40 | 70 | 164 | 323 | 290 | 318 | 855 |
| Net Working Capital | 17 | 11 | 30 | 45 | 34 | 95 | 184 | 132 | 159 | 277 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 2 |
| Book Value per Share | 35.24 | 37.11 | 53.32 | 59.51 | 68.18 | 93.72 | 74.95 | 40.05 | 46.09 | 62.73 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 22
- 80
- 9
- Trade Payables
- 7
- 29
- Total Liabilities
- 146
- 94
- Capital Work in Progress
- 9
- 18
- 0
- Cash & Bank
- 0
- 25
- Total Assets
- 146
- Total Debt
- 34
- Net Working Capital
- 17
- Contingent Liabilities
- 0
- Book Value per Share
- 35.24
- Face Value
- 10.00
- Total Debt
- 34
- Net Working Capital
- 17
- Contingent Liabilities
- 0
- Book Value per Share
- 35.24
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 22
- 84
- 14
- Trade Payables
- 5
- 26
- Total Liabilities
- 151
- 102
- Capital Work in Progress
- 9
- 14
- 0
- Cash & Bank
- 0
- 25
- Total Assets
- 151
- Total Debt
- 36
- Net Working Capital
- 11
- Contingent Liabilities
- 0
- Book Value per Share
- 37.11
- Face Value
- 10.00
- Total Debt
- 36
- Net Working Capital
- 11
- Contingent Liabilities
- 0
- Book Value per Share
- 37.11
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 22
- 95
- 7
- Trade Payables
- 5
- 30
- Total Liabilities
- 159
- 93
- Capital Work in Progress
- 9
- 21
- 0
- Cash & Bank
- 0
- 36
- Total Assets
- 159
- Total Debt
- 26
- Net Working Capital
- 30
- Contingent Liabilities
- 0
- Book Value per Share
- 53.32
- Face Value
- 10.00
- Total Debt
- 26
- Net Working Capital
- 30
- Contingent Liabilities
- 0
- Book Value per Share
- 53.32
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 22
- 108
- 11
- Trade Payables
- 6
- 42
- Total Liabilities
- 189
- 83
- Capital Work in Progress
- 31
- 33
- 0
- Cash & Bank
- 1
- 41
- Total Assets
- 189
- Total Debt
- 40
- Net Working Capital
- 45
- Contingent Liabilities
- 0
- Book Value per Share
- 59.51
- Face Value
- 10.00
- Total Debt
- 40
- Net Working Capital
- 45
- Contingent Liabilities
- 0
- Book Value per Share
- 59.51
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 22
- 127
- 29
- Trade Payables
- 22
- 64
- Total Liabilities
- 264
- 85
- Capital Work in Progress
- 75
- 53
- 0
- Cash & Bank
- 0
- 51
- Total Assets
- 264
- Total Debt
- 70
- Net Working Capital
- 34
- Contingent Liabilities
- 0
- Book Value per Share
- 68.18
- Face Value
- 10.00
- Total Debt
- 70
- Net Working Capital
- 34
- Contingent Liabilities
- 0
- Book Value per Share
- 68.18
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 22
- 183
- 141
- Trade Payables
- 36
- 57
- Total Liabilities
- 439
- 153
- Capital Work in Progress
- 2
- 157
- 0
- Cash & Bank
- 8
- 118
- Total Assets
- 439
- Total Debt
- 164
- Net Working Capital
- 95
- Contingent Liabilities
- 0
- Book Value per Share
- 93.72
- Face Value
- 10.00
- Total Debt
- 164
- Net Working Capital
- 95
- Contingent Liabilities
- 0
- Book Value per Share
- 93.72
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 44
- 285
- 281
- Trade Payables
- 14
- 119
- Total Liabilities
- 743
- 203
- Capital Work in Progress
- 0
- 214
- 0
- Cash & Bank
- 21
- 304
- Total Assets
- 743
- Total Debt
- 323
- Net Working Capital
- 184
- Contingent Liabilities
- 0
- Book Value per Share
- 74.95
- Face Value
- 10.00
- Total Debt
- 323
- Net Working Capital
- 184
- Contingent Liabilities
- 0
- Book Value per Share
- 74.95
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 88
- 263
- 246
- Trade Payables
- 62
- 146
- Total Liabilities
- 804
- 265
- Capital Work in Progress
- 14
- 207
- 186
- Cash & Bank
- 12
- 120
- Total Assets
- 804
- Total Debt
- 290
- Net Working Capital
- 132
- Contingent Liabilities
- 0
- Book Value per Share
- 40.05
- Face Value
- 10.00
- Total Debt
- 290
- Net Working Capital
- 132
- Contingent Liabilities
- 0
- Book Value per Share
- 40.05
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 88
- 316
- 221
- Trade Payables
- 94
- 227
- Total Liabilities
- 946
- 279
- Capital Work in Progress
- 74
- 167
- 256
- Cash & Bank
- 12
- 157
- Total Assets
- 946
- Total Debt
- 318
- Net Working Capital
- 159
- Contingent Liabilities
- 2
- Book Value per Share
- 46.09
- Face Value
- 10.00
- Total Debt
- 318
- Net Working Capital
- 159
- Contingent Liabilities
- 2
- Book Value per Share
- 46.09
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 88
- 462
- 424
- Trade Payables
- 134
- 575
- Total Liabilities
- 1,682
- 436
- Capital Work in Progress
- 277
- 360
- 426
- Cash & Bank
- 25
- 157
- Total Assets
- 1,682
- Total Debt
- 855
- Net Working Capital
- 277
- Contingent Liabilities
- 2
- Book Value per Share
- 62.73
- Face Value
- 10.00
- Total Debt
- 855
- Net Working Capital
- 277
- Contingent Liabilities
- 2
- Book Value per Share
- 62.73
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 8 | 19 | 15 | 14 | 30 | -72 | -70 | 148 | 96 | -127 | |
| Cash from Investing | -17 | -16 | -1 | -22 | -56 | -13 | -65 | -92 | -92 | -373 |
| Cash from Financing | 8 | -3 | -14 | 9 | 25 | 85 | 141 | -61 | -4 | 501 |
| -0 | -0 | 0 | 1 | -1 | -0 | 6 | -6 | 0 | -0 | |
| Free Cash Flow | -13 | 3 | 15 | -8 | -26 | -85 | -140 | 43 | -12 | -525 |
| OCF / Net Profit | 0.69 | 3.76 | 1.34 | 0.97 | 1.47 | -1.26 | -0.56 | 5.94 | 1.67 | -0.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -29 | -101 | -244 | -216 | -220 | -719 |
| OCF / Net Profit | 0.69 | 3.76 | 1.34 | 0.97 | 1.47 | -1.26 | -0.56 | 5.94 | 1.67 | -0.85 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -29 | -101 | -244 | -216 | -220 | -719 |
Mar 2017
- 8
- Cash from Investing
- -17
- Cash from Financing
- 8
- -0
- Free Cash Flow
- -13
- OCF / Net Profit
- 0.69
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.69
- Cumulative 5-Year FCF
- 0
Mar 2018
- 19
- Cash from Investing
- -16
- Cash from Financing
- -3
- -0
- Free Cash Flow
- 3
- OCF / Net Profit
- 3.76
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.76
- Cumulative 5-Year FCF
- 0
Mar 2019
- 15
- Cash from Investing
- -1
- Cash from Financing
- -14
- 0
- Free Cash Flow
- 15
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.34
- Cumulative 5-Year FCF
- 0
Mar 2020
- 14
- Cash from Investing
- -22
- Cash from Financing
- 9
- 1
- Free Cash Flow
- -8
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.97
- Cumulative 5-Year FCF
- 0
Mar 2021
- 30
- Cash from Investing
- -56
- Cash from Financing
- 25
- -1
- Free Cash Flow
- -26
- OCF / Net Profit
- 1.47
- Cumulative 5-Year FCF
- -29
- OCF / Net Profit
- 1.47
- Cumulative 5-Year FCF
- -29
Mar 2022
- -72
- Cash from Investing
- -13
- Cash from Financing
- 85
- -0
- Free Cash Flow
- -85
- OCF / Net Profit
- -1.26
- Cumulative 5-Year FCF
- -101
- OCF / Net Profit
- -1.26
- Cumulative 5-Year FCF
- -101
Mar 2023
- -70
- Cash from Investing
- -65
- Cash from Financing
- 141
- 6
- Free Cash Flow
- -140
- OCF / Net Profit
- -0.56
- Cumulative 5-Year FCF
- -244
- OCF / Net Profit
- -0.56
- Cumulative 5-Year FCF
- -244
Mar 2024
- 148
- Cash from Investing
- -92
- Cash from Financing
- -61
- -6
- Free Cash Flow
- 43
- OCF / Net Profit
- 5.94
- Cumulative 5-Year FCF
- -216
- OCF / Net Profit
- 5.94
- Cumulative 5-Year FCF
- -216
Mar 2025
- 96
- Cash from Investing
- -92
- Cash from Financing
- -4
- 0
- Free Cash Flow
- -12
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- -220
- OCF / Net Profit
- 1.67
- Cumulative 5-Year FCF
- -220
Mar 2026
- -127
- Cash from Investing
- -373
- Cash from Financing
- 501
- -0
- Free Cash Flow
- -525
- OCF / Net Profit
- -0.85
- Cumulative 5-Year FCF
- -719
- OCF / Net Profit
- -0.85
- Cumulative 5-Year FCF
- -719
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 5.35 | 2.33 | 5.22 | 6.77 | 9.24 | 26.03 | 28.35 | 2.84 | 6.56 | 17.14 |
| Book Value (₹) | 35.24 | 37.11 | 53.32 | 59.51 | 68.18 | 93.72 | 74.95 | 40.05 | 46.09 | 62.73 |
| Dividend per Share (₹) | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 | 0.50 |
| Cash EPS (₹) | 0.43 | 0.30 | 0.50 | 0.58 | 0.68 | 1.72 | 3.35 | 1.23 | 2.09 | 4.27 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 31.02% | 22.84% | 25.65% | 26.70% | 22.48% | 21.74% | 21.89% | 11.77% | 13.73% | 12.13% |
| Net Margin % | 14.28% | 5.68% | 9.85% | 11.34% | 10.90% | 11.60% | 12.65% | 3.04% | 5.43% | 8.04% |
| ROE % | 16.30% | 6.45% | 11.54% | 12.01% | 14.47% | 32.15% | 46.54% | 7.31% | 15.23% | 31.50% |
| ROCE % | 18.83% | 10.96% | 14.90% | 15.66% | 16.61% | 30.15% | 37.77% | 12.16% | 18.02% | 19.41% |
| 9.09% | 3.44% | 7.39% | 8.54% | 8.93% | 16.21% | 21.02% | 3.21% | 6.57% | 11.43% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 44 | 50 | 53 | 70 | 54 | 38 | 51 | 86 | 76 | 67 |
| Inventory Days | 52 | 65 | 56 | 75 | 85 | 78 | 69 | 94 | 64 | 52 |
| Payable Days | 50 | 55 | 40 | 35 | 55 | 37 | 15 | 25 | 39 | 30 |
| 46 | 60 | 70 | 110 | 83 | 79 | 105 | 155 | 101 | 88 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.43x | 0.44x | 0.23x | 0.31x | 0.47x | 0.80x | 0.98x | 0.83x | 0.79x | 1.56x |
| Interest Coverage (x) | 3.59x | 2.40x | 5.35x | 8.00x | 8.52x | 11.77x | 11.72x | 2.99x | 4.37x | 6.38x |
| 1.64x | 1.41x | 2.19x | 2.62x | 1.50x | 1.51x | 1.58x | 1.38x | 1.45x | 1.44x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 26.24% | 10.15% | 29.07% | 12.76% | 41.91% | 164.65% | 99.81% | -16.81% | 29.65% | 76.27% |
| Operating Profit Growth % | 107.33% | -19.34% | 44.84% | 17.40% | 19.48% | 155.93% | 101.20% | -49.98% | 45.73% | 55.31% |
| Net Profit Growth % | 27.39% | -56.40% | 123.55% | 29.78% | 36.42% | 181.69% | 117.82% | -80.00% | 131.34% | 161.30% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -90.00% | 131.34% | 161.30% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 85.09x | 42.83x | 26.87x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.02x | 6.09x | 7.34x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.21% | 0.18% | 0.11% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 22.24x | 17.66x | 19.99x |
Mar 2017
- EPS (₹)
- 5.35
- Book Value (₹)
- 35.24
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 0.43
- Operating Margin %
- 31.02%
- Net Margin %
- 14.28%
- ROE %
- 16.30%
- ROCE %
- 18.83%
- 9.09%
- Debtor Days
- 44
- Inventory Days
- 52
- Payable Days
- 50
- 46
- Debt to Equity (x)
- 0.43x
- Interest Coverage (x)
- 3.59x
- 1.64x
- Revenue Growth %
- 26.24%
- Operating Profit Growth %
- 107.33%
- Net Profit Growth %
- 27.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 2.33
- Book Value (₹)
- 37.11
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 0.30
- Operating Margin %
- 22.84%
- Net Margin %
- 5.68%
- ROE %
- 6.45%
- ROCE %
- 10.96%
- 3.44%
- Debtor Days
- 50
- Inventory Days
- 65
- Payable Days
- 55
- 60
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 2.40x
- 1.41x
- Revenue Growth %
- 10.15%
- Operating Profit Growth %
- -19.34%
- Net Profit Growth %
- -56.40%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 5.22
- Book Value (₹)
- 53.32
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 0.50
- Operating Margin %
- 25.65%
- Net Margin %
- 9.85%
- ROE %
- 11.54%
- ROCE %
- 14.90%
- 7.39%
- Debtor Days
- 53
- Inventory Days
- 56
- Payable Days
- 40
- 70
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- 5.35x
- 2.19x
- Revenue Growth %
- 29.07%
- Operating Profit Growth %
- 44.84%
- Net Profit Growth %
- 123.55%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 6.77
- Book Value (₹)
- 59.51
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 0.58
- Operating Margin %
- 26.70%
- Net Margin %
- 11.34%
- ROE %
- 12.01%
- ROCE %
- 15.66%
- 8.54%
- Debtor Days
- 70
- Inventory Days
- 75
- Payable Days
- 35
- 110
- Debt to Equity (x)
- 0.31x
- Interest Coverage (x)
- 8.00x
- 2.62x
- Revenue Growth %
- 12.76%
- Operating Profit Growth %
- 17.40%
- Net Profit Growth %
- 29.78%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 9.24
- Book Value (₹)
- 68.18
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 0.68
- Operating Margin %
- 22.48%
- Net Margin %
- 10.90%
- ROE %
- 14.47%
- ROCE %
- 16.61%
- 8.93%
- Debtor Days
- 54
- Inventory Days
- 85
- Payable Days
- 55
- 83
- Debt to Equity (x)
- 0.47x
- Interest Coverage (x)
- 8.52x
- 1.50x
- Revenue Growth %
- 41.91%
- Operating Profit Growth %
- 19.48%
- Net Profit Growth %
- 36.42%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 26.03
- Book Value (₹)
- 93.72
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 1.72
- Operating Margin %
- 21.74%
- Net Margin %
- 11.60%
- ROE %
- 32.15%
- ROCE %
- 30.15%
- 16.21%
- Debtor Days
- 38
- Inventory Days
- 78
- Payable Days
- 37
- 79
- Debt to Equity (x)
- 0.80x
- Interest Coverage (x)
- 11.77x
- 1.51x
- Revenue Growth %
- 164.65%
- Operating Profit Growth %
- 155.93%
- Net Profit Growth %
- 181.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 28.35
- Book Value (₹)
- 74.95
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 3.35
- Operating Margin %
- 21.89%
- Net Margin %
- 12.65%
- ROE %
- 46.54%
- ROCE %
- 37.77%
- 21.02%
- Debtor Days
- 51
- Inventory Days
- 69
- Payable Days
- 15
- 105
- Debt to Equity (x)
- 0.98x
- Interest Coverage (x)
- 11.72x
- 1.58x
- Revenue Growth %
- 99.81%
- Operating Profit Growth %
- 101.20%
- Net Profit Growth %
- 117.82%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 2.84
- Book Value (₹)
- 40.05
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 1.23
- Operating Margin %
- 11.77%
- Net Margin %
- 3.04%
- ROE %
- 7.31%
- ROCE %
- 12.16%
- 3.21%
- Debtor Days
- 86
- Inventory Days
- 94
- Payable Days
- 25
- 155
- Debt to Equity (x)
- 0.83x
- Interest Coverage (x)
- 2.99x
- 1.38x
- Revenue Growth %
- -16.81%
- Operating Profit Growth %
- -49.98%
- Net Profit Growth %
- -80.00%
- -90.00%
- P/E (x)
- 85.09x
- P/B (x)
- 6.02x
- Dividend Yield %
- 0.21%
- 22.24x
Mar 2025
- EPS (₹)
- 6.56
- Book Value (₹)
- 46.09
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 2.09
- Operating Margin %
- 13.73%
- Net Margin %
- 5.43%
- ROE %
- 15.23%
- ROCE %
- 18.02%
- 6.57%
- Debtor Days
- 76
- Inventory Days
- 64
- Payable Days
- 39
- 101
- Debt to Equity (x)
- 0.79x
- Interest Coverage (x)
- 4.37x
- 1.45x
- Revenue Growth %
- 29.65%
- Operating Profit Growth %
- 45.73%
- Net Profit Growth %
- 131.34%
- 131.34%
- P/E (x)
- 42.83x
- P/B (x)
- 6.09x
- Dividend Yield %
- 0.18%
- 17.66x
Mar 2026
- EPS (₹)
- 17.14
- Book Value (₹)
- 62.73
- Dividend per Share (₹)
- 0.50
- Cash EPS (₹)
- 4.27
- Operating Margin %
- 12.13%
- Net Margin %
- 8.04%
- ROE %
- 31.50%
- ROCE %
- 19.41%
- 11.43%
- Debtor Days
- 67
- Inventory Days
- 52
- Payable Days
- 30
- 88
- Debt to Equity (x)
- 1.56x
- Interest Coverage (x)
- 6.38x
- 1.44x
- Revenue Growth %
- 76.27%
- Operating Profit Growth %
- 55.31%
- Net Profit Growth %
- 161.30%
- 161.30%
- P/E (x)
- 26.87x
- P/B (x)
- 7.34x
- Dividend Yield %
- 0.11%
- 19.99x
Documents
Announcements
- Copy of Newspaper Publication
2026-08-20 - Madhya Bharat Agro Products Limited has informed the Exchange about Copy of Newspaper Publication
- Corrigendum
2026-08-19 - Madhya Bharat Agro Products Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting to be held on August 28, 2026
Annual Reports
Credit Ratings
- Credit Rating
2026-07-09 - Madhya Bharat Agro Products Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
Apr 2026
Jan 2026