Freshara Agro Exports Ltd
Incorporated in 2015, Freshara Agro
Exports Ltd is a producer and exporter
of preserved gherkins and related products[1]
- Market Cap ₹ 947 Cr.
- Current Price ₹ 403
- High / Low ₹ 494 / 130
- Stock P/E 26.5
- Book Value ₹ 73.9
- Dividend Yield 0.00 %
- ROCE 20.8 %
- ROE 23.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%
- Debtor days have improved from 219 to 142 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
- Working capital days have increased from 73.8 days to 113 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
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Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 111 | 126 | 71 | 254 | 314 | |
| 113 | 109 | 59 | 214 | 266 | |
| Operating Profit | -2 | 17 | 12 | 40 | 47 |
| OPM % | -1.7% | 13% | 17% | 16% | 15% |
| 7 | 1 | 2 | 6 | 11 | |
| Interest | 3 | 3 | 1 | 6 | 7 |
| Depreciation | 1 | 1 | 0 | 2 | 3 |
| Profit before tax | 2 | 14 | 13 | 38 | 48 |
| Tax % | 40% | 34% | 22% | 25% | 25% |
| 1 | 9 | 10 | 29 | 36 | |
| EPS in Rs | 5.86 | 12.25 | 15.41 | ||
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 58% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 127% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 17 | 24 | 24 | ||
| Reserves | 10 | 104 | 150 | ||
| 108 | 95 | 128 | |||
| 32 | 27 | 53 | |||
| Total Liabilities | 167 | 249 | 355 | ||
| 22 | 49 | 67 | |||
| CWIP | 7 | 0 | 1 | ||
| Investments | 1 | 1 | 8 | ||
| 137 | 199 | 279 | |||
| Total Assets | 167 | 249 | 355 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -98 | -2 | -21 | |||
| -5 | -23 | -44 | |||
| 107 | 54 | 38 | |||
| Net Cash Flow | 4 | 29 | -27 | ||
| Free Cash Flow | -102 | -24 | -43 | ||
| CFO/OP | -809% | 38% | -20% |
Ratios
Standalone / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 396 | 120 | 142 | ||
| Inventory Days | 262 | 137 | 224 | ||
| Days Payable | 172 | 54 | 98 | ||
| Cash Conversion Cycle | 486 | 203 | 268 | ||
| Working Capital Days | 34 | 75 | 113 | ||
| ROCE % | 25% | 21% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Export Containers Number |
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| Production Volume Metric Tonnes |
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| Gherkins Revenue Share % |
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| Russia Revenue Share % |
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| Top 10 Customer Revenue Share % |
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| Number of Contract Farmers Number |
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| Order Book ₹ Lakhs |
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Extracted by Screener AI
Documents
Announcements
-
Shareholders meeting
- Voting results and scrutinizer report for 3rd AGM; all resolutions passed.
-
Shareholders meeting
- Freshara Agro Exports held its 3rd AGM on 30 September 2026; voting results to follow separately.
-
Trading Window
- Trading window closed from October 1, 2026 until 48 hours after board meeting for H1 FY2026 results.
-
Outcome of Board Meeting
- Board noted warrant holders’ conversion intent on September 18, 2026; no equity shares allotted yet.
-
Copy of Newspaper Publication
- Newspaper publication of 3rd AGM notice and e-voting details on 9 September 2026.
Concalls
-
Jun 2026Transcript PPT
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Dec 2025Transcript PPT
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Aug 2025PPT
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Jun 2025Transcript PPT REC
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Nov 2024PPT
Business Overview:[1]
FAEL specializes in procurement, processing, and exporting preserved gherkins and pickled vegetables. Its products are certified by FSSAI, FDA, Star-K Kosher, APEDA, IFS, and BRCGS, meeting international quality standards, and are registered with the Madras Exports Processing Zone (MEPZ)