Elfin Agro India (BSE: ELFIN) had a P/E of 22.4× on 6 Nov 2026, above the industry P/E of 19.5×, and the shares are 15% below their 52-week high. It earns ROCE of 20% and ROE of 20%, and sales and net profit grew 20% and 47% a year over 3 years. The company has almost no debt. It is listed on an SME platform with a market cap of ₹175 Cr, ranked 68th of 127 Packaged Foods companies by market cap; the shares rose 89% over the past year.
- ₹90.50
- ₹90.50
- ₹90.00
- ₹90.00
- 6K
Health check
- ReturnsAhead
+89.1% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 22.4 vs industry 19.5.
- GrowthStrong
Sales +20.4%, profit +47.2% a year over 3 years.
- ProfitabilityStrong
ROCE 20.1% vs peer median 15.3%.
- Balance sheetSolid
Debt 0.10× equity, interest covered 6.5×, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹175 Cr
- Small cap
- P/E
- 22.4
- Industry 19.5
- Price to book
- 4.01
- Peers 8.88
- Dividend yield
- 0.00%
- ROE
- 20.1%
- Peers 14.8%
- ROCE
- 20.1%
- Peers 15.3%
- Debt to equity
- 0.10
- Debt ₹4.34 Cr
- EPS (TTM)
- ₹4.01
- OPM (TTM)
- 4.3%
- Net margin 3.3%
- Sales growth
- +34.1%
- Latest quarter vs a year ago
- Profit growth
- +18.4%
- Latest quarter vs a year ago
- Price to sales
- 0.99
- EV/EBITDA 17.8
Strengths and risks
Strengths
- Return on equity of 20.1%.
- Return on capital employed of 20.1%.
- Practically debt-free.
- Quarterly sales up 34.1% on a year ago.
About Elfin Agro India
Elfin Agro India Limited manufactures and sells processed wheat flour under the Shiv Nandi and ELFIN'S Shri Shyam BHOG brands in India. The company provides high fibre whole wheat flour, refined whole wheat flour, specialized flour, semolina flour, refined flour, and yellow mustard oil. It also trades in wooden artifacts, chakki aata, cattle feed, chana, groundnut oil, maida, makka, mustard oil, mustard oil cake, mustard seeds, packing material, aata,…
- Headquarters
- Bhilwara
- Employees
- 23
- Sector
- Consumer Defensive
- ISIN
- INE1FEW01013
- Website
- elfinagroindia.com
Price range
- Avg volume (3M)
- 12.9K
- 1-year return
- plus 89.1%
- From 52-week high
- minus 15.1%
Peers · Packaged Foods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NESTLEINDNestle India | 1,282.10 | plus 1.89% | 2,47,229 | 60.6 | 42.76 | – | 79.9% | 21.0% | – | – | 0.94% | minus 0.5% |
| BRITANNIABritannia Industries | 4,785.00 | minus 3.92% | 1,15,255 | 43.2 | 27.13 | 61.2% | 66.7% | 18.4% | 5.7% | 3.0% | 1.89% | minus 15.5% |
| TATACONSUMTata Consumer Products | 1,086.30 | plus 0.80% | 1,07,511 | 63.3 | 4.86 | 8.3% | 7.6% | 14.0% | 13.9% | 8.6% | 0.92% | minus 8.6% |
| PATANJALIPatanjali Foods | 411.50 | plus 0.19% | 44,776 | 22.7 | 3.42 | 11.2% | 14.8% | 4.2% | 8.7% | 27.0% | 0.98% | minus 28.6% |
| HATSUNHatsun Agro Product | 1,068.10 | plus 0.33% | 23,792 | 66.0 | 12.07 | 20.2% | 19.0% | 10.7% | 11.2% | 29.0% | 1.87% | plus 2.4% |
| MILKYMISTMilky Mist Dairy Food | 297.20 | plus 0.93% | 22,880 | 91.2 | 8.88 | – | 9.7% | 10.1% | – | – | 0.00% | plus 63.7% |
| AWLAWL Agri Business | 167.00 | minus 0.48% | 21,573 | 18.7 | 1.98 | 15.3% | 11.1% | 2.9% | 8.7% | 21.4% | 0.60% | minus 39.5% |
| ELFINElfin Agro India | 90.00 | 0.00% | 175 | 22.4 | 4.01 | 20.1% | 20.1% | 4.3% | 20.4% | 47.2% | 0.00% | plus 89.1% |
| Median of 7 peers | – | 0.33% | 44,776 | 60.6 | 8.88 | 15.3% | 14.8% | 10.7% | 8.7% | 21.4% | 0.94% | −8.6% |
Quarterly results
| ₹ Cr | Mar 25 | Mar 26 |
|---|---|---|
| 78.1 | 105 | |
| 73.9 | 99.4 | |
| 4.3 | 5.4 | |
| 5.5% | 5.1% | |
| 0 | 0 | |
| 0.5 | 0.6 | |
| 0.3 | 0.1 | |
| 3.5 | 4.7 | |
| 16.3% | 25.2% | |
| 3 | 3.5 | |
| 1.52 | 2.43 |
Profit & loss
- Sales CAGR 3Y
- +20.4%
- Profit CAGR 3Y
- +47.2%
- ROE
- 20.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 101 | 124 | 146 | 177 | |
| – | +22.8% | +17.2% | +21.2% | |
| 98.3 | 118 | 138 | 167 | |
| 3.1 | 6 | 7.9 | 9.6 | |
| 3.1% | 4.8% | 5.4% | 5.5% | |
| 0 | 0.1 | 0.2 | −0 | |
| 0.3 | 0.7 | 0.8 | 1.4 | |
| 0.3 | 0.4 | 0.5 | 0.5 | |
| 2.6 | 5 | 6.7 | 7.7 | |
| 30.2% | 25.9% | 25.5% | 25.2% | |
| 1.8 | 3.7 | 5 | 5.8 | |
| – | +103.4% | +36.8% | +14.7% | |
| 0.93 | 1.89 | 2.59 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.4 | 1.4 | 7.1 | 9.7 | |
| 3.6 | 7.3 | 6.7 | 33.9 | |
| 7.2 | 7.6 | 12.2 | 4.3 | |
| 8.7 | 8.4 | 7.5 | 4.4 | |
| 20.9 | 24.7 | 33.4 | 52.3 | |
| 8.1 | 10.2 | 10.4 | 10.7 | |
| 0.1 | 0.1 | 0.3 | 7.6 | |
| 12.7 | 14.4 | 22.8 | 34.1 | |
| 20.9 | 24.7 | 33.4 | 52.3 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.1 | 2.8 | −3 | 14.7 | |
| −3.3 | −2.5 | −0.5 | −0.7 | |
| 3.1 | −0.3 | 3.7 | −6.6 | |
| −0.1 | 0 | 0.2 | 7.4 | |
| −3.4 | −3 | −0.7 | −0.8 | |
| −3.3 | −0.2 | −3.7 | 13.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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