Prime Fresh Q1 FY27 Share Price & Earnings Call Analysis

₹156.20-1.51% today
Market cap
₹217 Cr
P/E
14.89
ROE
16.35%
PEG
0.39
Price to sales
0.77
Debt to equity
0.10
52W high / low
₹290 / ₹148
Sales growth (5Y)
33.10%
EBITDA margin
7.54%
Net profit margin
5.10%
Promoter holding
50.71%
Sales (last year)
₹282 Cr

Incorporated in 2007, Prime Fresh Ltd is in the business of procurement and sale of Fruits and Vegetables[1]

Guidance scorecard · Q1 FY27 call

What Prime Fresh's management guided
and where it ranks in Agricultural Food & other Products

#4of 21 in
Agricultural Food & other Products

RevenueQ1 FY27 call

20–40%
  • Prime Fresh Limited targets volume growth consistently between 15% to 25%.
  • The company aspires to achieve value growth in business at 25% to 30%.
  • They expect steady improvement in operating margins from mid-FY28, aiming for 9.5% to 11% EBITDA margin in 2-2.5 years.
  • Long-term vision includes reaching INR 2,000 crores in revenue by 2031.
  • Growth drivers include expansion in core B2B fruit & vegetable portfolio, investments in farmer acquisition, technology, marketing, and new product categories.
  • Expansion planned in regions such as Uttar Pradesh, Northeast, and southern India.

2 more points from Prime Fresh's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 2%+

See what Prime Fresh said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Prime Fresh is undertaking a major capex via the Nashik Cluster Development Program (CDP) project, a fully integrated facility including packhouse, cold chain, reefer vehicles, food processing unit, training rooms, laboratory, and collection centers.
  • Total IA (Implementing Agency) investment for this project is around INR 75 crores (excluding INR 5-6 crores pre-operative expenses already spent).
  • Around INR 50-52 crores of this investment is eligible for 40-50% government subsidy (milestone-based grants totaling around INR 24 crores).
  • Capex execution timelines: starts end of October/November 2026, spread over approximately 18-20 months with phased spending (INR 6-9 crores in phase 1, INR 12-15 crores in phase 2, balance in phase 3).
  • Peak project debt expected around INR 35 crores (out of INR 42 crores sanctioned).

2 more points from Prime Fresh's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Prime Fresh said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Prime Fresh Limited is transitioning to an order book model due to their integrated setup including pack houses and cold storage.
  • The company expects that this order book model will allow them to gain higher margins in the future by enabling storage at farm gate or nearby collection centers.
  • This model builds trust with customers, especially global customers, who may provide advances.

2 more points from Prime Fresh's call on the order book

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Full Q1 FY27 analysis

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 Agricultural Food & other Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Agricultural Food & other Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹890 Cr13.7
240%+Up 0–2%₹125 Cr6.8
340%+Flat₹22 Cr9.0
4Prime FreshThis stock20–40%Up 2%+₹221 Cr15.1
520–40%Up 2%+₹185 Cr17.4
620–40%Up 0–2%₹2,130 Cr27.1

Financials of Prime Fresh

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Prime Fresh

Quarterly Results

Quarter-by-quarter operating performance

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +46.5148.9954.3953.2853.3466.4074.3379.91
Expenses +42.1845.5751.6150.1949.3662.5268.0374.78
Operating Profit4.333.422.783.093.983.886.305.13
OPM %9.31%6.98%5.11%5.80%7.46%5.84%8.48%6.42%
Other Income +0.290.350.100.200.040.200.150.26
Interest0.030.030.130.150.150.140.150.28
Depreciation0.040.040.060.050.050.050.150.08
Profit before tax4.553.702.693.093.823.896.155.03
Tax %25.27%25.14%32.34%36.89%25.13%21.59%23.09%35.39%
Net Profit +3.462.771.841.962.893.124.733.24
EPS in Rs2.512.021.331.412.072.213.312.05

Financials of Prime Fresh

Profit & Loss

Annual income statement trend

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +24364450667799149207274
Expenses +23344247617292139194255
Operating Profit1223457101219
OPM %4%5%5%6%6%6%7%7%6%7%
Other Income +00-00000011
Interest0001100001
Depreciation0000000000
Profit before tax0122357101319
Tax %32%28%27%25%29%27%27%26%28%26%
Net Profit +01122357914
EPS in Rs0.300.941.211.582.022.814.055.116.689.52
Dividend Payout %22%0%0%0%0%0%0%10%0%0%

Financials of Prime Fresh

Balance Sheet

Capital structure and asset base

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital333341213141414
Reserves3459141118485777
Borrowings +23244450410
Other Liabilities +64594459619
Total Liabilities141416262631407181120
Fixed Assets +1110001113
CWIP0000000000
Investments0000000701
Other Assets +131315252630396380116
Total Assets141416262631407181120

Financials of Prime Fresh

Cash Flows

Operating, investing and financing cash movement

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +4-72-3-2-0-1-11-11-12
Cash from Investing Activity +-00-0-0-0-0-0-77-1
Cash from Financing Activity +20-1321320417
Net Cash Flow7-70-00022-04
Free Cash Flow4-72-3-2-0-1-11-4-14
CFO/OP481%-399%87%-85%-35%27%4%-77%-72%-47%

Financials of Prime Fresh

Ratios

Working capital efficiency and return ratios

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days366682116113929611397118
Inventory Days39352145111921202015
Days Payable154041821116172149
Cash Conversion Cycle6061618011395101113114124
Working Capital Days-306071861009896119113115
ROCE %16%20%20%21%21%24%20%19%21%

Guidance history

How Prime Fresh's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%Up 2%+PlannedPlannedRising
Q2 FY24 call →20–40%Up 0–2%PlannedPlanned—
Q1 FY23 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

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