Nutricircle Ltd

₹ 265 -2.00%

07 Oct - close price

About

Nutricircle Ltd, formerly Shreeyash
Industries, is a Hyderabad-based
plant-protein and functional-food
ingredients company developing
protein concentrates and isolates
from indigenous millets, pulses and
rice for food, beverages, nutraceuticals,
sports nutrition, bakery, snacks and the
other formulations^[1]

Key Points

Current versus legacy business:^[1]
The company was incorporated in 1993
and was formerly Shreeyash Industries.
The shareholders changed its objects in
FY24 to permit petrochemical and polymer distribution, but no revenue, assets or operating disclosures for this activity appear in FY25 /FY26 filings.
The FY26 Board report identifies plant-protein and plant-nutrition products as the principal business.

Website BSE

Market Cap ₹ 294 Cr.
Current Price ₹ 265
High / Low ₹ 411 / 204
Stock P/E 979
Book Value ₹ 6.23
Dividend Yield 0.00 %
ROCE 4.23 %
ROE 4.72 %
Face Value ₹ 10.0

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Pros

Debtor days have improved from 24.3 to 16.4 days.

Cons

Stock is trading at 42.4 times its book value

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Other Food Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	0.00	0.72	2.12	0.00	0.00	0.00	1.46	1.25	2.19	5.15	5.54	4.87	5.50
	0.38	0.80	2.40	0.52	0.37	0.17	1.57	0.47	2.16	5.09	5.36	4.86	5.46
Operating Profit	-0.38	-0.08	-0.28	-0.52	-0.37	-0.17	-0.11	0.78	0.03	0.06	0.18	0.01	0.04
OPM %		-11.11%	-13.21%				-7.53%	62.40%	1.37%	1.17%	3.25%	0.21%	0.73%
	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00
Interest	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
Depreciation	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
Profit before tax	-0.38	-0.07	-0.28	-0.52	-0.37	-0.17	-0.11	0.78	0.03	0.06	0.18	0.03	0.04
Tax %	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%
	-0.38	-0.08	-0.28	-0.52	-0.37	-0.17	-0.11	0.78	0.03	0.06	0.18	0.02	0.04
EPS in Rs	-13.98	-2.94	-10.30	-19.13	-13.61	-6.25	-0.11	0.78	0.03	0.06	0.18	0.02	0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0.00	0.23	0.50	0.00	0.00	0.22	0.00	0.25	1.95	2.84	2.70	17.75	21.06
	0.27	1.13	0.49	0.20	1.28	0.46	0.48	0.56	2.34	4.10	2.56	17.46	20.77
Operating Profit	-0.27	-0.90	0.01	-0.20	-1.28	-0.24	-0.48	-0.31	-0.39	-1.26	0.14	0.29	0.29
OPM %		-391.30%	2.00%			-109.09%		-124.00%	-20.00%	-44.37%	5.19%	1.63%	1.38%
	0.00	0.02	0.01	0.00	0.24	0.00	0.12	0.01	0.05	0.02	0.01	0.02	0.02
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.03	0.00	0.00
Depreciation	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
Profit before tax	-0.27	-0.88	0.02	-0.20	-1.04	-0.24	-0.36	-0.30	-0.34	-1.25	0.12	0.31	0.31
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	-0.27	-0.88	0.02	-0.20	-1.04	-0.24	-0.36	-0.30	-0.34	-1.25	0.12	0.30	0.30
EPS in Rs	-0.50	-1.62	0.74	-7.36	-38.26	-8.83	-13.25	-11.04	-12.51	-45.99	0.12	0.27	0.30
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	54%
5 Years:	%
3 Years:	109%
TTM:	330%

Compounded Profit Growth
10 Years:	9%
5 Years:	23%
3 Years:	42%
TTM:	-43%

Stock Price CAGR
10 Years:	44%
5 Years:	30%
3 Years:	11%
1 Year:	29%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	5.44	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	0.27	10.00	11.10
Reserves	-5.17	-0.88	-0.86	-1.06	-2.10	-2.34	-2.70	-3.00	-3.35	-4.60	-4.20	-4.18
	0.77	1.70	1.38	2.12	2.42	2.68	2.79	3.16	3.92	5.46	0.80	1.12
	0.02	0.13	0.41	0.36	0.13	0.34	0.35	0.42	0.75	0.34	0.12	0.19
Total Liabilities	1.06	1.22	1.20	1.69	0.72	0.95	0.71	0.85	1.59	1.47	6.72	8.23
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.07
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1.06	0.72	1.20	1.69	0.72	0.95	0.71	0.85	1.59	1.47	6.71	8.16
Total Assets	1.06	1.22	1.20	1.69	0.72	0.95	0.71	0.85	1.59	1.47	6.72	8.23

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0.26	-0.42	-0.19	-0.74	-0.31	-0.25	-0.23	-0.35	-0.75	-1.56	-3.97	-2.44
	0.00	-0.50	0.50	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	-0.01	-0.06
	0.28	0.93	-0.32	0.74	0.30	0.26	0.23	0.37	0.76	1.54	5.35	1.14
Net Cash Flow	0.02	0.00	-0.01	0.00	-0.01	0.01	0.00	0.02	-0.01	-0.02	1.37	-1.36
Free Cash Flow	-0.26	-0.42	-0.19	-0.74	-0.31	-0.25	-0.23	-0.35	-0.75	-1.56	-3.98	-2.50
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	96%	47%	-1,900%	370%	24%	104%	48%	113%	192%	124%	-2,836%	-841%

Ratios

Standalone / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days		920.43	781.10			547.50		0.00	129.15	32.13	24.33	16.45
Inventory Days		18.25	0.00			0.00		0.00	0.00	26.16	2.43	5.02
Days Payable		200.75								40.56	24.33	3.42
Cash Conversion Cycle		737.93	781.10			547.50		0.00	129.15	17.74	2.43	18.05
Working Capital Days		856.96	547.50			962.27		554.80	147.87	142.66	701.61	163.27
ROCE %	-26.21%	-82.63%	2.13%	-18.87%	-108.33%	-40.00%	-74.23%	-75.95%	-53.54%	-125.89%	3.88%	4.23%

Insights

In beta

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Quinoa contract farming acreage
acres

xx	xx	xx	xx	xx	xx	xx	xx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx
				x.xx	xx.xx	x.xx	x.xx
					x	x	x

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R&D demonstration unit acreage
acres

Export share of revenue
%

Number of permanent employees
employees

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	53.96%	53.96%	53.96%	53.96%	58.50%	58.50%	58.50%	58.50%	58.50%	58.50%	62.61%	62.61%
	1.52%	1.52%	1.52%	1.52%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%
	44.53%	44.53%	44.53%	44.52%	41.45%	41.45%	41.46%	41.46%	41.46%	41.46%	37.34%	37.34%
No. of Shareholders	1,035	1,023	1,021	1,025	1,029	1,035	1,045	1,055	1,075	1,083	1,076	1,067

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	53.96%	58.50%	58.50%	62.61%
	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	1.52%	0.04%	0.04%	0.04%
	98.48%	98.48%	98.48%	98.48%	98.48%	98.48%	98.47%	44.53%	41.45%	41.46%	37.34%
No. of Shareholders	1,190	1,134	1,119	1,132	1,112	1,085	1,069	1,023	1,035	1,083	1,067

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Nutricircle Ltd

Nutricircle Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports