M.V.K. Agro Food Product Ltd
Incorporated in 2018, MVK Agro Food
Product Ltd is an integrated sugar and
other allied products manufacturing
company[1]
- Market Cap ₹ 2,509 Cr.
- Current Price ₹ 497
- High / Low ₹ 819 / 34.0
- Stock P/E 289
- Book Value ₹ 26.0
- Dividend Yield 0.00 %
- ROCE 8.66 %
- ROE 9.46 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 19.1 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -4.74%
- Company has a low return on equity of 13.5% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 23 | 131 | 93 | 125 | 133 | |
| 20 | 120 | 77 | 102 | 116 | |
| Operating Profit | 2 | 10 | 16 | 22 | 17 |
| OPM % | 11% | 8% | 17% | 18% | 13% |
| 3 | 2 | 1 | 0 | 4 | |
| Interest | 3 | 6 | 9 | 11 | 10 |
| Depreciation | 0 | 2 | 2 | 3 | 3 |
| Profit before tax | 2 | 4 | 5 | 9 | 9 |
| Tax % | 24% | 23% | 23% | 18% | 18% |
| 1 | 3 | 4 | 7 | 8 | |
| EPS in Rs | 2.80 | 6.40 | 7.54 | 4.62 | 4.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 1% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| TTM: | 29% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 1406% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 14% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 5 | 5 | 5 | 15 | 15 | 20 |
| Reserves | 1 | 5 | 8 | 63 | 71 | 111 |
| 75 | 60 | 92 | 161 | 113 | 120 | |
| 33 | 46 | 50 | 31 | 62 | 93 | |
| Total Liabilities | 114 | 116 | 155 | 271 | 261 | 345 |
| 54 | 61 | 66 | 71 | 91 | 141 | |
| CWIP | 0 | 0 | 0 | 1 | 1 | 1 |
| Investments | 1 | 1 | 6 | 4 | 4 | 4 |
| 59 | 53 | 82 | 196 | 166 | 199 | |
| Total Assets | 114 | 116 | 155 | 271 | 261 | 345 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -19 | 28 | -10 | -48 | 63 | |
| -55 | -8 | -12 | -5 | -19 | |
| 75 | -21 | 22 | 116 | -57 | |
| Net Cash Flow | 1 | -1 | 0 | 63 | -13 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 1 |
| Inventory Days | 1,488 | 156 | 424 | 412 | 258 |
| Days Payable | 601 | 79 | 81 | 52 | 96 |
| Cash Conversion Cycle | 887 | 76 | 343 | 361 | 163 |
| Working Capital Days | -215 | -36 | -55 | -11 | 52 |
| ROCE % | 14% | 17% | 12% | 9% |
Documents
Announcements
-
Copy of Newspaper Publication
15 February 2026 - Published unaudited standalone and consolidated Q3 and nine-month results for period ended 31 Dec 2025 on Feb 15, 2026.
-
Outcome of Board Meeting
14 February 2026 - Unaudited Q3/9M results; acquisitions completed w.e.f. 07-Aug-2025; preferential allotment proceeds Rs41.34 crore.
-
Statement of deviation(s) or variation(s) under Reg. 32
14 February 2026 - No deviation in utilisation of Rs. 9,959.76 Lakh IPO/Preferential funds for period ended 31-Dec-2025.
-
Outcome of Board Meeting
14 February 2026 - Unaudited Q3/9M results (31 Dec 2025); acquisitions completed 07 Aug 2025; IPO Rs65.88 crore; preferential Rs41.34 crore.
-
Change in Director(s)
5 February 2026 - Appointed Mr. Raju Maroti Pamalwad as Independent Director from 05-Feb-2026 for five years, subject to shareholder approval.
Business Overview:[1]
MVKAFPL sells agro-commodities. It manufactures food products including jaggery from sugarcane.