Baba Food Processing India Ltd
Incorporated in 2015, Baba Food Processing (India) Ltd manufactures food-based products such as wheat flour and allied flour products like refined flour (maida), Semolina (suji), Bran etc.[1]
- Market Cap ₹ 53.6 Cr.
- Current Price ₹ 32.8
- High / Low ₹ 63.5 / 29.6
- Stock P/E 16.6
- Book Value ₹ 39.6
- Dividend Yield 0.00 %
- ROCE 6.76 %
- ROE 7.05 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.83 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.3% over last 3 years.
- 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 107 | 96 | 188 | 182 | 204 | 222 | |
| 102 | 91 | 177 | 171 | 197 | 215 | |
| Operating Profit | 5 | 5 | 11 | 12 | 8 | 7 |
| OPM % | 4% | 5% | 6% | 6% | 4% | 3% |
| 1 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 1 | 1 | 2 | 2 | 1 | 2 |
| Depreciation | 1 | 1 | 2 | 2 | 2 | 2 |
| Profit before tax | 3 | 3 | 7 | 8 | 6 | 4 |
| Tax % | 36% | 28% | 28% | 27% | 22% | |
| 2 | 2 | 5 | 6 | 4 | 3 | |
| EPS in Rs | 4.12 | 4.19 | 10.42 | 3.77 | 2.64 | 1.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| TTM: | -38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -41% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 12% |
| Last Year: | 7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 16 | 16 | 16 |
| Reserves | 12 | 15 | 20 | 43 | 47 | 48 |
| 23 | 28 | 33 | 26 | 53 | 77 | |
| 6 | 7 | 10 | 5 | 9 | 20 | |
| Total Liabilities | 46 | 55 | 68 | 90 | 126 | 162 |
| 21 | 20 | 21 | 32 | 33 | 32 | |
| CWIP | 0 | 0 | 1 | 9 | 52 | 65 |
| Investments | 8 | 4 | 3 | 20 | 0 | 1 |
| 17 | 30 | 44 | 29 | 41 | 64 | |
| Total Assets | 46 | 55 | 68 | 90 | 126 | 162 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 9 | -8 | 6 | 16 | 0 | |
| -0 | 3 | -2 | -39 | -27 | |
| -9 | 6 | -1 | 19 | 26 | |
| Net Cash Flow | -0 | 1 | 3 | -4 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 34 | 37 | 23 | 20 | 28 |
| Inventory Days | 21 | 78 | 57 | 34 | 35 |
| Days Payable | 15 | 16 | 14 | 4 | 14 |
| Cash Conversion Cycle | 41 | 98 | 66 | 50 | 50 |
| Working Capital Days | 2 | 29 | 18 | 15 | 29 |
| ROCE % | 10% | 18% | 15% | 7% |
Documents
Announcements
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Related Party Transactions
15 November 2025 - Related-party transactions disclosed for half-year ended Sep 30, 2025; ICD 2,196.14, investment 1,500.00.
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Statement of deviation(s) or variation(s) under Reg. 32
14 November 2025 - ₹32.88 Crore public issue proceeds fully utilised; report half-year ended Sep 30, 2025.
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Outcome of Board Meeting
14 November 2025 - Board approved unaudited standalone/consolidated results for half-year ended 30 Sep 2025; limited review report approved.
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Structural Digital Database
18 October 2025 - Baba Food submits SDD compliance certificate confirming UPSI capture and controls, dated October 17–18, 2025.
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Integrated Filing- Governance
17 October 2025 - Quarterly investor grievance report: zero complaints; Regulation 27 corporate governance non‑applicable for SME exchange (Sept 30, 2025).
Product Profile:[1]
a) Whole Wheat Atta
b) Refined Wheat Flour
c) Semolina
d) Tandoori Atta
e) Gram Besan
f) Gram Sattu
g) Wheat Bran