Sharat Industries Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹585 Cr
- P/E
- 34.78
- ROE
- 10.91%
- PEG
- 1.00
- Price to sales
- 1.09
- Debt to equity
- 0.81
- 52W high / low
- ₹175 / ₹129
- Sales growth (5Y)
- 15.95%
- EBITDA margin
- 7.13%
- Net profit margin
- 3.03%
- Promoter holding
- 45.01%
- Sales (last year)
- ₹530 Cr
Incorporated in 1990, Sharat Industries Ltd is in the business of Shrimp Aquaculture and manufactures & sells shrimp feeds[1]
Guidance scorecard · Q4 FY26 call
What Sharat Industries Ltd's management guided
and where it ranks in Food Products
Food Products
RevenueQ4 FY26 call
20–40%- Targeting annual export revenues of up to Rs. 1,000 crore by FY27-28, supported by deeper market penetration.
- Focus on expanding presence in Russia and China, and re-entry into the European Union market.
- Anticipating significant scale-up in U.S. exports in FY27, driven by tariff relief and normalization of demand.
- Doubling the contribution of value-added products in export volumes in the coming year.
- Exploring domestic market growth opportunities by collaborating with established players and capitalizing on organized market expansion.
- Continuation of product diversification with premium black tiger shrimp and new value-added products.
2 more points from Sharat Industries Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ4 FY26 call
FlatSee what Sharat Industries Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Sharat Industries is in the process of setting up a one-megawatt solar power plant for captive consumption in its processing division.
- Part of the solar power project has already been commissioned in Q4 FY25-26, and the balance will be commissioned shortly.
- The company has initiated R&D efforts focused on feed manufacturing, exploring cost-effective and sustainable alternatives to fish meal, such as insect protein.
- Pilot farming projects related to these R&D initiatives have been underway during FY25-26, with plans to build on the momentum.
2 more points from Sharat Industries Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ4 FY26 call
See what Sharat Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
- Approximately 20 containers of shipments were planned for Middle East exports in Q4; about half were rerouted due to the Middle East conflict, with others in transit or held as inventory to be reprocessed.
- The company is actively managing rerouting and reprocessing of deferred shipments to alternate destinations.
- Despite disruptions, export revenue grew by approximately 23% for FY25-26, indicating strong order fulfillment overall.
2 more points from Sharat Industries Ltd's call on the order book
Create a free account to keep reading this call
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
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
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 |
Sign up free to see every company in the sector ranking and track Sharat Industries Ltd.
Pro shows every company guiding 40%+ revenue growth →Full Food Products rankingFinancials of Sharat Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Sharat Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 62.60 | 79.90 | 96.84 | 60.75 | 64.67 | 89.85 | 100.34 | 96.44 | 93.91 | 115.20 | 149.73 | 142.54 | 117.24 |
| Expenses + | 58.89 | 74.12 | 89.64 | 56.05 | 61.14 | 82.47 | 91.13 | 88.64 | 89.74 | 103.96 | 137.79 | 133.03 | 113.91 |
| Operating Profit | 3.71 | 5.78 | 7.20 | 4.70 | 3.53 | 7.38 | 9.21 | 7.80 | 4.17 | 11.24 | 11.94 | 9.51 | 3.33 |
| OPM % | 5.93% | 7.23% | 7.43% | 7.74% | 5.46% | 8.21% | 9.18% | 8.09% | 4.44% | 9.76% | 7.97% | 6.67% | 2.84% |
| Other Income + | 0.36 | 0.17 | 0.42 | 0.09 | -0.14 | 0.30 | 0.22 | 0.20 | 1.04 | 0.20 | 0.30 | 1.67 | 0.85 |
| Interest | 2.47 | 2.31 | 2.52 | 2.40 | 2.16 | 2.24 | 2.84 | 3.15 | 3.24 | 2.81 | 2.81 | 3.25 | 2.86 |
| Depreciation | 1.13 | 1.15 | 1.18 | 1.17 | 1.20 | 1.21 | 1.17 | 1.21 | 1.24 | 1.19 | 1.20 | 1.25 | 1.17 |
| Profit before tax | 0.47 | 2.49 | 3.92 | 1.22 | 0.03 | 4.23 | 5.42 | 3.64 | 0.73 | 7.44 | 8.23 | 6.68 | 0.15 |
| Tax % | 31.91% | 27.71% | 28.32% | 25.41% | -1,100.00% | 27.90% | 31.37% | 27.47% | 26.03% | 27.82% | 30.26% | 29.19% | 73.33% |
| Net Profit + | 0.33 | 1.80 | 2.81 | 0.91 | 0.36 | 3.06 | 3.73 | 2.64 | 0.53 | 5.37 | 5.74 | 4.74 | 0.05 |
| EPS in Rs | 0.08 | 0.46 | 0.71 | 0.23 | 0.09 | 0.77 | 0.94 | 0.67 | 0.14 | 1.38 | 1.46 | 1.21 | 0.01 |
Financials of Sharat Industries Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 199 | 145 | 158 | 147 | 193 | 199 | 250 | 246 | 332 | 302 | 381 | 525 |
| Expenses + | 189 | 136 | 152 | 140 | 181 | 187 | 239 | 233 | 313 | 281 | 352 | 489 |
| Operating Profit | 10 | 9 | 6 | 8 | 12 | 12 | 11 | 14 | 19 | 21 | 29 | 36 |
| OPM % | 5% | 7% | 4% | 5% | 6% | 6% | 5% | 6% | 6% | 7% | 8% | 7% |
| Other Income + | 2 | 2 | 4 | 1 | 1 | 2 | 2 | 1 | 3 | 1 | 2 | 3 |
| Interest | 2 | 4 | 5 | 4 | 6 | 8 | 6 | 6 | 9 | 10 | 11 | 12 |
| Depreciation | 5 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 5 | 5 | 5 |
| Profit before tax | 4 | 3 | 3 | 2 | 4 | 3 | 4 | 5 | 9 | 8 | 14 | 23 |
| Tax % | 34% | 34% | 34% | 31% | 18% | 31% | 34% | 23% | 28% | 23% | 29% | 29% |
| Net Profit + | 3 | 2 | 2 | 1 | 3 | 2 | 3 | 3 | 7 | 6 | 10 | 16 |
| EPS in Rs | 0.71 | 0.58 | 0.47 | 0.29 | 0.80 | 0.49 | 0.71 | 0.88 | 1.66 | 1.49 | 2.65 | 4.05 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 10% | 10% | 0% |
Financials of Sharat Industries Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 24 | 24 | 24 | 38 | 39 |
| Reserves | 23 | 25 | 27 | 28 | 31 | 33 | 35 | 46 | 55 | 60 | 99 | 115 |
| Borrowings + | 30 | 39 | 30 | 43 | 55 | 58 | 82 | 89 | 89 | 96 | 113 | 126 |
| Other Liabilities + | 26 | 17 | 17 | 17 | 34 | 40 | 42 | 27 | 30 | 24 | 30 | 36 |
| Total Liabilities | 101 | 103 | 96 | 110 | 142 | 152 | 181 | 186 | 198 | 204 | 279 | 316 |
| Fixed Assets + | 34 | 36 | 36 | 37 | 43 | 42 | 42 | 46 | 49 | 46 | 43 | 46 |
| CWIP | 0 | 0 | 0 | 1 | 0 | 2 | 2 | 3 | 1 | 2 | 2 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 67 | 67 | 60 | 72 | 98 | 109 | 137 | 138 | 147 | 156 | 234 | 269 |
| Total Assets | 101 | 103 | 96 | 110 | 142 | 152 | 181 | 186 | 198 | 204 | 279 | 316 |
Financials of Sharat Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -2 | -2 | 7 | -3 | -3 | 7 | -11 | 2 | 17 | -2 | -26 | |
| Cash from Investing Activity + | -8 | -8 | 0 | -4 | -9 | -3 | -6 | -8 | -6 | -2 | -2 | |
| Cash from Financing Activity + | 16 | 5 | -8 | 3 | 13 | -5 | 17 | 9 | -7 | -4 | 48 | |
| Net Cash Flow | 7 | -4 | -1 | -3 | 1 | -0 | 0 | 3 | 4 | -7 | 20 | |
| Free Cash Flow | -9 | -8 | 5 | -7 | -12 | 4 | -15 | -6 | 11 | -3 | -28 | |
| CFO/OP | -14% | -8% | 129% | -28% | -27% | 63% | -90% | 19% | 99% | -2% | -76% |
Financials of Sharat Industries Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 44 | 30 | 57 | 79 | 71 | 61 | 84 | 62 | 68 | 93 | 70 |
| Inventory Days | 90 | 128 | 105 | 115 | 103 | 136 | 122 | 114 | 82 | 106 | 96 | 96 |
| Days Payable | 57 | 44 | 27 | 45 | 50 | 61 | 50 | 26 | 24 | 19 | 21 | 18 |
| Cash Conversion Cycle | 60 | 128 | 107 | 128 | 132 | 146 | 133 | 172 | 120 | 155 | 168 | 148 |
| Working Capital Days | 16 | 31 | 32 | 39 | 36 | 42 | 39 | 42 | 30 | 47 | 69 | 78 |
| ROCE % | 13% | 9% | 9% | 7% | 9% | 9% | 8% | 7% | 11% | 10% | 12% | 13% |
Guidance history
How Sharat Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | None planned | — |
| Q4 FY23 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
62 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 | +15.8% | 72% |
| Last 6 months | +0.6% | 56% |
| Last 3 months | −7.8% | 51% |
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 Sharat Industries Ltd: 0.4 × 72 + 0.4 × 56 + 0.2 × 51 = 62.
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 Sharat Industries Ltd's management said in earlier quarters
Others in Food Products this season
- Prataap Snacks Ltd (Q2 FY27)
Q2 FY27 income from operations was ₹540.95 crore, a 25.9% increase year-on-year (YoY). Key results statement takeaways from Prataap Snacks Ltd's Q2 FY27 results
- Madhusudan Masa (Q2 FY27)
4,158.28 lakh (Q2 2025), approximately +118% YoY. Key results statement takeaways from Madhusudan Masala Ltd's Q2 FY27 results statement — and how it ranks agai
- Vadilal Industries Ltd (Q2 FY27)
Revenue from operations for the quarter ended September 30, 2026: ₹462.56 crore (Consolidated, Page 11) . Key results statement takeaways from Vadilal Industrie
- Wardwizard Foods & Beverages Ltd (Q1 FY27)
Revenue for Q1 FY27 (June 2026 quarter) is ₹17.03 Cr, up from ₹13.20 Cr in Q1 FY26, reflecting a strong year-on-year growth. Key investor presentation takeaways