Srivari Spices & Foods Q2 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹243 Cr
- P/E
- 15.79
- ROE
- 23.10%
- PEG
- 0.22
- Price to sales
- 1.47
- Debt to equity
- 0.46
- 52W high / low
- ₹325 / ₹86.2
- Sales growth (5Y)
- 70.33%
- EBITDA margin
- 18.25%
- Net profit margin
- 9.41%
- Promoter holding
- 58.28%
- Sales (last year)
- ₹163 Cr
Incorporated in 2019, Srivari Spices & Foods Ltd is in the business of selling food and food related products[1]
Guidance scorecard · Q2 FY26 call
What Srivari Spices & Foods Ltd's management guided
and where it ranks in Food Products
Food Products
RevenueQ2 FY26 call
20–40%- Srivari Spices and Foods Limited targets continued robust revenue growth, with expectations to maintain or exceed past growth rates in FY '27.
- The company is optimistic about achieving potentially up to 100% growth in FY '27 due to new product launches and market expansion plans.
- Expansion plans include geographic growth into Gujarat, Karnataka, Odisha, and potential export markets like the Middle East, Singapore, and the US, particularly starting FY '27.
- Capacity utilization in the Oil segment is expected to rise to about 30% in H2 FY '26, driving higher revenues.
- New business verticals like Pooja and devotional products, launched in FY '27, are anticipated to contribute to revenue growth leveraging existing distribution networks.
2 more points from Srivari Spices & Foods Ltd's call on revenue
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MarginsQ2 FY26 call
FlatSee what Srivari Spices & Foods Ltd said on margins — free account, 30 seconds.
CapexQ2 FY26 call
Planned- No immediate plans for raising equity; potential future debt financing if needed.
- CAPEX planned for Soya Chunks manufacturing plant after 2 quarters, transitioning from repacking to in-house manufacturing.
- Initial phases of new product launches like Oil, Soya Chunks, and Pooja products involve minimal CAPEX, mostly low-cost packaging and outsourcing.
- Expansion plans include capacity additions for Atta and Spices within 2 years; post next financial year initiation expected.
- No significant CAPEX estimated for Pooja products initially, as 70% products will be outsourced and rebranded.
2 more points from Srivari Spices & Foods Ltd's call on capex
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FundraisingQ2 FY26 call
None plannedSee what Srivari Spices & Foods Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY26 call
Ask what Srivari Spices & Foods Ltd said on the order book →
Full Q2 FY26 analysisRanges 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 Srivari Spices & Foods Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Srivari Spices & Foods Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Srivari Spices & Foods Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales + | 0 | 11 | 18 | 36 | 78 | 107 | 135 |
| Expenses + | 0 | 11 | 16 | 30 | 65 | 88 | 112 |
| Operating Profit | -0 | 1 | 2 | 6 | 13 | 18 | 23 |
| OPM % | -11% | 7% | 9% | 16% | 16% | 17% | 17% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 1 | 2 | 2 | 3 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 2 | 3 |
| Profit before tax | -0 | 0 | 1 | 4 | 10 | 14 | 17 |
| Tax % | 0% | 28% | 28% | 27% | 30% | 31% | |
| Net Profit + | -0 | 0 | 1 | 3 | 7 | 10 | 12 |
| EPS in Rs | -0.35 | 0.73 | 1.52 | 5.15 | 8.17 | 11.34 | 13.93 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 4% |
Financials of Srivari Spices & Foods Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 4 | 4 | 5 | 7 | 9 | 9 |
| Reserves | -0 | 0 | 1 | 4 | 17 | 50 | 57 |
| Borrowings + | 0 | 0 | 3 | 13 | 19 | 17 | 33 |
| Other Liabilities + | 0 | 2 | 3 | 4 | 12 | 7 | 9 |
| Total Liabilities | 2 | 6 | 11 | 26 | 55 | 82 | 108 |
| Fixed Assets + | 2 | 3 | 4 | 5 | 6 | 21 | 20 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 1 | 3 | 6 | 21 | 49 | 61 | 88 |
| Total Assets | 2 | 6 | 11 | 26 | 55 | 82 | 108 |
Financials of Srivari Spices & Foods Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -0 | -1 | -9 | -11 | -3 | |
| Cash from Investing Activity + | -2 | -2 | -1 | -2 | -17 | |
| Cash from Financing Activity + | 2 | 3 | 10 | 12 | 20 | |
| Net Cash Flow | 0 | -0 | -0 | 0 | -0 | |
| Free Cash Flow | -2 | -3 | -10 | -12 | -20 | |
| CFO/OP | -11% | -62% | -150% | -76% | 25% |
Financials of Srivari Spices & Foods Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0 | 54 | 86 | 117 | 86 | 102 |
| Inventory Days | 146 | 41 | 49 | 121 | 186 | 122 |
| Days Payable | 1,022 | 78 | 57 | 36 | 51 | 11 |
| Cash Conversion Cycle | -876 | 17 | 78 | 202 | 221 | 213 |
| Working Capital Days | -154 | 24 | 27 | 83 | 106 | 140 |
| ROCE % | 15% | 19% | 34% | 37% | 28% |
Guidance history
How Srivari Spices & Foods Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q2 FY26 call → | 20–40% | Flat | Planned | None planned | — |
| Q1 FY25 call → | 40%+ | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Srivari Spices & Foods Ltd's management said in earlier quarters
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