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 ₹ 712 Cr.
- Current Price ₹ 299
- High / Low ₹ 411 / 120
- Stock P/E 30.8
- Book Value ₹ 62.4
- 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
- Company might be capitalizing the interest cost
* 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 | TTM | |
|---|---|---|---|---|---|
| 101 | 96 | 187 | 256 | 281 | |
| Sales growth | -5% | +95% | +37% | +28% | |
| 100 | 90 | 157 | 219 | 247 | |
| Operating Profit | 1 | 6 | 30 | 37 | 34 |
| OPM % | 1.2% | 6% | 16% | 14% | 12% |
| -0 | 0 | 0 | 1 | 3 | |
| Interest | 0 | 0 | 2 | 3 | 4 |
| Depreciation | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 0 | 5 | 27 | 33 | 31 |
| Tax % | 50% | 27% | 25% | 25% | |
| 0 | 3 | 20 | 25 | 23 | |
| EPS in Rs | 0.01 | 1.91 | 11.66 | 10.41 | 9.72 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 608% |
| TTM: | -3% |
| 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 | Sep 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 24 | 24 |
| Reserves | 17 | 20 | 41 | 112 | 125 |
| 0 | 15 | 15 | 34 | 59 | |
| 30 | 17 | 7 | 25 | 44 | |
| Total Liabilities | 50 | 55 | 66 | 196 | 252 |
| 19 | 23 | 28 | 41 | 40 | |
| CWIP | 0 | 0 | 3 | 0 | 16 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 32 | 32 | 35 | 154 | 196 | |
| Total Assets | 50 | 55 | 66 | 196 | 252 |
Cash Flows
Figures in Rs. Crores
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 12 | -9 | 17 | -14 | |
| -1 | -6 | -11 | -72 | |
| -11 | 14 | -2 | 84 | |
| Net Cash Flow | 0 | -0 | 5 | -1 |
| Free Cash Flow | 11 | -14 | 8 | -26 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 995% | -155% | 79% | -16% |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 3 | 12 | 7 | 26 |
| Inventory Days | 113 | 107 | 38 | 73 |
| Days Payable | 127 | 73 | 8 | 39 |
| Cash Conversion Cycle | -11 | 46 | 36 | 60 |
| Working Capital Days | 3 | 3 | 15 | 45 |
| ROCE % | 16% | 59% | 31% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Capacity Utilization % |
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| Installed Processing Capacity MTPA |
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| Repeat Customer Revenue Share % |
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| Cashew Kernel Production Volume MT |
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| Distributor Channel Revenue Share % |
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| Whole Cashew Grades Revenue Share % |
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| Sales Realization per MT INR Lakh per MT |
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| Kernel Recovery Yield % |
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| Number of Distributors Count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Preferential Issue
- Pajson Agro India Ltd has submitted update regarding prefential issue of shares.
-
Announcement under Regulation 30 (LODR)-Acquisition
- Board approved Rs 354.5 crore acquisition of Pacific Global FZCO via share swap, plus ESOS and capital increase.
-
Board Meeting Outcome for Outcome Of Board Meeting
- Board approved 100% Pacific Global FZCO acquisition for Rs 354.5 crore via share swap; EGM on Dec 4, 2026.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- Q2FY27 monitoring report flags ₹10.43 crore GCP over cap, ₹0.09 crore unutilised, and project delays.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Pajson Agro reported H1 FY27 total income of ₹145.11 crore, EBITDA ₹20.31 crore, net profit ₹12.56 crore.
Concalls
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May 2026Transcript PPT
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.