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 ₹ 413 Cr.
- Current Price ₹ 174
- High / Low ₹ 255 / 120
- Stock P/E 16.7
- 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 For The Investors Conclave
9h - Investor Connect Summit 2026 virtual group meet scheduled for June 30, 2026 at 1:00 PM IST.
-
Notice Of Extra Ordinary General Meeting Of Pajson Agro India Limited
1d - EGM on July 16, 2026 to appoint auditor, approve related-party transactions and revise IPO funding to ₹20 crore term loan.
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Intimation About Appointment Of Internal & Secretarial Auditor
20 Jun - Board appointed internal and secretarial auditors for FY2026-27 to FY2027-28 on June 20, 2026.
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Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
20 Jun - P.K. Maheshwari & Co. resigned as statutory auditor effective 19 June 2026; company will appoint replacement.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
20 Jun - M/s S.S. Kothari Mehta & Co. LLP appointed statutory auditor on 20 June 2026 till ensuing AGM.
Annual reports
No data available.
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.