Freshara Agro Exports Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹881 Cr
- P/E
- 23.78
- ROE
- 21.16%
- Price to sales
- 2.57
- Debt to equity
- 1.03
- 52W high / low
- ₹486 / ₹133
- EBITDA margin
- 14.69%
- Net profit margin
- 10.83%
- Promoter holding
- 62.58%
- Sales (last year)
- ₹342 Cr
Incorporated in 2015, Freshara Agro Exports Ltd is a producer and exporter of preserved gherkins and related products[1]
Guidance scorecard · Q4 FY26 call
What Freshara Agro Exports Ltd's management guided
and where it ranks in Food Products
Food Products
RevenueQ4 FY26 call
10–20%- FY27 revenue guidance is about ₹575 crores (₹375 crores standalone + ₹200 crores from Sarasa, Spain).
- Sarasa’s current capacity utilization is under 50%; existing capacity can scale up to ₹500 crores turnover.
- Plan to increase Sarasa’s capacity utilization to 75-80% by next year (targeting ₹350-400 crores revenue).
- Within 3 years, aim to reach full capacity utilization (~₹500 crores) at Sarasa.
- Consolidated long-term target revenue is ₹1000 crores.
- Growth expected through scaling production, cost optimization, and expanding customer base, especially in Europe.
2 more points from Freshara Agro Exports Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Freshara Agro Exports Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- No major capex of ₹150 crore or more planned currently.
- Existing production units have capacity to scale up to ₹500 crore without large capex; gradual scaling preferred.
- Some minor capex to accommodate premium customers and add production lines as required.
- Focus on optimization and cost management at Sarasa before expanding capacity utilization beyond 50-60% this year.
- Plans to scale Sarasa capacity utilization to 75-80% next year and eventually up to 100% within three years.
2 more points from Freshara Agro Exports Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Freshara Agro Exports Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Flat- The company expects the order book to be equivalent to current levels, emphasizing it is the stock of the future.
- Q4 (December to March) accounts for about 60-65% of total sales.
- Sales from December to March alone were over ₹140 crores, all with a 90-day credit period.
- Inventory appears high seasonally due to crop arrival and sale patterns but normalizes as sales happen.
2 more points from Freshara Agro Exports Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Food Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Food Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹459 Cr | 7.9 | |
| 2 | 40%+ | Up 2%+ | ₹454 Cr | 79.8 | |
| 3 | 40%+ | Flat | ₹1,061 Cr | 48.2 | |
| 4 | 40%+ | Flat | ₹157 Cr | 10.5 | |
| 5 | 20–40% | Up 2%+ | ₹671 Cr | 48.3 | |
| 6 | 20–40% | Up 2%+ | ₹265 Cr | 7.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Food Products rankingFinancials of Freshara Agro Exports Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Freshara Agro Exports Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Freshara Agro Exports Ltd
Profit & Loss
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Sales + | 111 | 126 | 71 | 251 | 314 |
| Expenses + | 113 | 109 | 59 | 215 | 266 |
| Operating Profit | -2 | 17 | 12 | 36 | 47 |
| OPM % | -2% | 13% | 17% | 14% | 15% |
| Other Income + | 7 | 1 | 2 | 10 | 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% |
| Net Profit + | 1 | 9 | 10 | 29 | 36 |
| EPS in Rs | 5.86 | 12.25 | 15.41 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Freshara Agro Exports Ltd
Balance Sheet
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 17 | 24 | 24 | ||
| Reserves | 10 | 104 | 150 | ||
| Borrowings + | 108 | 95 | 128 | ||
| Other Liabilities + | 32 | 27 | 53 | ||
| Total Liabilities | 167 | 249 | 355 | ||
| Fixed Assets + | 22 | 49 | 67 | ||
| CWIP | 7 | 0 | 1 | ||
| Investments | 1 | 1 | 8 | ||
| Other Assets + | 137 | 199 | 279 | ||
| Total Assets | 167 | 249 | 355 |
Financials of Freshara Agro Exports Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | -98 | -0 | -21 | ||
| Cash from Investing Activity + | -5 | -24 | -44 | ||
| Cash from Financing Activity + | 107 | 54 | 38 | ||
| Net Cash Flow | 4 | 29 | -27 | ||
| Free Cash Flow | -102 | -23 | -43 | ||
| CFO/OP | -809% | 47% | -20% |
Financials of Freshara Agro Exports Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 396 | 122 | 142 | ||
| Inventory Days | 262 | 137 | 157 | ||
| Days Payable | 172 | 54 | 69 | ||
| Cash Conversion Cycle | 486 | 205 | 230 | ||
| Working Capital Days | 34 | 76 | 117 | ||
| ROCE % | 25% | 21% |
Guidance history
How Freshara Agro Exports Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Flat | Planned | Planned | Flat |
| Q2 FY26 call → | 20–40% | Up 2%+ | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
46 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +137.8% | 96% |
| Last 6 months | +78.3% | 95% |
| Last 3 months | +11.1% | 82% |
The price is 22.8% below its all-time high of ₹486.4 (10 Sept 2026). Stocks more than 20% below their peak have their score halved, so 93 became 46.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Freshara Agro Exports Ltd: 0.4 × 96 + 0.4 × 95 + 0.2 × 82 = 93, halved to 46 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Freshara Agro Exports Ltd's management said in earlier quarters
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