💰 Financial Performance

Revenue Growth by Segment

No sales were recorded during the financial year 2024-25, representing a 100% decline in revenue from any previous operations. The company operates in a single segment focused on the primary processing and trading of agro commodities.

Profitability Margins

Consolidated net loss before tax was INR 3.55 Cr (355.13 lakhs) for FY25. Margins are not calculable due to zero revenue; however, standalone EPS worsened by 162% from -0.85 in FY24 to -2.23 in FY25, reflecting high fixed costs relative to zero income.

EBITDA Margin

Not disclosed in available documents due to zero revenue recorded in FY25. However, the company achieved a turnaround in the half-year ended September 30, 2025, with a profit before tax of INR 0.31 Cr (30.69 lakhs) compared to a loss of INR 1.13 Cr in the previous half-year, a 127% improvement.

Capital Expenditure

INR 0 Cr was spent on property, plant, and equipment in FY25, as the company reported no additions to these assets during the year, indicating a freeze on capital spending to preserve liquidity.

Credit Rating & Borrowing

Not disclosed in available documents. The company has zero bank borrowings and no secured loans outstanding as of March 31, 2025, which eliminates direct bank interest rate costs.

⚙️ Operational Drivers

Raw Materials

Agro commodities (specific types not listed) are the primary raw materials, representing the core of the trading and processing business, though no procurement costs were detailed for FY25 due to zero sales.

Raw Material Costs

Not disclosed in available documents for FY25 due to zero sales; however, the company focuses on strengthening supplier relationships to enable consistent procurement for future operations.

Manufacturing Efficiency

Operational performance was reportedly supported by stable production levels and process efficiency improvements, though specific utilization percentages were not disclosed.

📈 Strategic Growth

Growth Strategy

The company aims to achieve growth by evaluating new trading opportunities, pricing structures, and hedging practices under a new management team that has strengthened governance and internal audit mechanisms to monitor risks proactively.

Products & Services

Processed and traded agro commodities are the final products sold to customers; these are essential for the company's revenue generation in the primary and secondary markets.

🌍 External Factors

Industry Trends

The agro-processing industry is growing but faces volatility; the company is positioning itself by strengthening internal controls and governance to navigate these shifts and capture opportunities as economic conditions stabilize.

Macro Economic Sensitivity

The company is highly sensitive to government policies and economic conditions; a shift in fiscal policy could impact agro-commodity prices by 10-20%, directly affecting trade viability.

Geopolitical Risks

Trade barriers and changes in international import/export regulations are significant risks that directly affect the company's ability to trade agro commodities across borders.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to Section 133 of the Companies Act and Ind AS; import/export restrictions on agro commodities are the most impactful regulations as they dictate trade volumes.

Legal Contingencies

No proceedings are pending for holding benami property; the company has no transactions with struck-off companies, reducing legal and regulatory risk exposure.

⚠️ Risk Analysis

Key Uncertainties

Commodity price fluctuations and counterparty credit exposure are key risks; liquidity is a major concern given the zero-revenue status in FY25, with potential impact on going concern status if not managed.

Credit & Counterparty Risk

Counterparty risk and credit exposure are key concerns in trading operations; the company has strengthened governance and internal audit to monitor these risks proactively.