Pajson Agro India Ltd
Incorporated in 2021, Pajson Agro India processes raw cashew nuts into cashew kernels and supply them to domestic and international markets.[1]
- Market Cap ₹ 445 Cr.
- Current Price ₹ 187
- High / Low ₹ 255 / 120
- Stock P/E 18.0
- Book Value ₹ 57.1
- Dividend Yield 0.00 %
- ROCE 31.4 %
- ROE 27.5 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.2%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Working capital days have increased from 46.9 days to 123 days
* 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
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 101 | 96 | 187 | 256 | |
| 100 | 90 | 157 | 219 | |
| Operating Profit | 1 | 6 | 30 | 37 |
| OPM % | 1% | 6% | 16% | 14% |
| -0 | 0 | 0 | 1 | |
| Interest | 0 | 0 | 2 | 3 |
| Depreciation | 1 | 1 | 1 | 2 |
| Profit before tax | 0 | 5 | 27 | 33 |
| Tax % | 50% | 27% | 25% | 25% |
| 0 | 3 | 20 | 25 | |
| EPS in Rs | 0.06 | 9.57 | 58.34 | 10.41 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | 37% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 607% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| Last Year: | 28% |
Balance Sheet
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 24 |
| Reserves | 17 | 20 | 41 | 112 |
| 0 | 15 | 15 | 34 | |
| 30 | 17 | 7 | 25 | |
| Total Liabilities | 50 | 55 | 66 | 196 |
| 19 | 23 | 28 | 41 | |
| CWIP | 0 | 0 | 3 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 32 | 32 | 35 | 154 | |
| Total Assets | 50 | 55 | 66 | 196 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 12 | -9 | 16 | -14 | |
| -1 | -6 | -10 | -72 | |
| -11 | 14 | -2 | 84 | |
| Net Cash Flow | 0 | -0 | 5 | -1 |
| Free Cash Flow | 11 | -14 | 8 | -35 |
| CFO/OP | 995% | -155% | 75% | -16% |
Ratios
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 3 | 12 | 7 | 26 |
| Inventory Days | 113 | 107 | 37 | 73 |
| Days Payable | 127 | 73 | 8 | 39 |
| Cash Conversion Cycle | -11 | 46 | 36 | 60 |
| Working Capital Days | 3 | 3 | 14 | 123 |
| ROCE % | 16% | 59% | 31% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
9 May - Company corrects FY26 earnings call audio link after BSE website glitch.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
8 May - Audio recording of FY26 earnings conference call for audited financial results available on company website.
- Announcement under Regulation 30 (LODR)-Investor Presentation 7 May
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
7 May - CARE report for quarter ended March 31, 2026 notes IPO proceeds deviation; GCP exceeded Rs.10 crore cap.
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Pajson Agro India Limited Has Submitted The Exchange About Statement Of Deviation(S) Or Variation(S) Under Reg. 32
7 May - Pajson Agro reports IPO proceeds of Rs 74.45 crore; no material deviation, issue expenses reduced by Rs 1.96 crore.
Annual reports
No data available.
Concalls
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May 2026TranscriptAI SummaryPPT
Business Profile[1]
Pajson Agro India is engaged in processing raw cashew nuts (RCN) into cashew kernels for domestic and international markets. It also sells select dry fruits under its B2C white-label brand “Royal Mewa” across online and offline channels.