Flex Foods (BSE: FLEXFO) is loss-making over the last 12 months, losing ₹20 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹52.70, 12% below its 52-week high. Sales grew 19% a year over 3 years. Debt is 33.36× equity. It is a small-cap company with a market cap of ₹66 Cr, ranked 91st of 127 Packaged Foods companies by market cap; the shares fell 20% over the past year.
- ₹54.00
- ₹54.00
- ₹51.05
- ₹50.84
- 1.3K
Health check
- ReturnsBehind
−20.4% over a year, better than 2 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +18.8% a year over 3 years, but loss-making now.
- ProfitabilityNegative
ROCE -8.1% vs peer median 15.3%.
- Balance sheetStretched
Debt 33.36× equity, operating profit doesn’t cover interest, Piotroski 6 of 9.
- Red flags4 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹66 Cr
- Small cap
- P/E
- n/a
- Industry 19.5
- Price to book
- 7.12
- Peers 8.88
- Dividend yield
- 0.00%
- ROE
- −124.6%
- Peers 14.8%
- ROCE
- −8.1%
- Peers 15.3%
- Debt to equity
- 33.36
- Debt ₹308 Cr
- EPS (TTM)
- −₹16.18
- OPM (TTM)
- 15.6%
- Net margin −9.5%
- Sales growth
- +41.6%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.31
- EV/EBITDA 26.0
Strengths and risks
Strengths
- Quarterly sales up 41.6% on a year ago.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −124.6%.
- Debt is 33.36× equity.
- Interest coverage of only 0.7×.
About Flex Foods
Flex Foods Limited engages in the cultivation and processing of food products in freeze dried, air dried, and individually quick -frozen forms in India and internationally. The company offers herbs, such as basil, borrage, chervil, chives, coriander/cilantro, curry leaves, dill, fennel, fenugreek, garden cress, hysop, lemon grass, lovage, marjoram, mint, oregano, parsley, pimperella, rocula, rosemary, sage, savory, sorrel, thai basil, and thyme;…
- Headquarters
- Noida
- Employees
- 509
- Sector
- Consumer Defensive
- ISIN
- INE954B01018
- Website
- flexfoodsltd.com
Price range
- Avg volume (3M)
- 5.6K
- 1-year return
- minus 20.4%
- From 52-week high
- minus 12.2%
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% |
| FLEXFOFlex Foods | 52.70 | plus 3.66% | 66 | – | 7.12 | −8.1% | −124.6% | 29.6% | 18.8% | – | 0.00% | minus 20.4% |
| 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 | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 40.1 | 48.7 | 45.5 | 55.8 | 56.8 | |
| 24 | 33.2 | 44.8 | 48.9 | 47.6 | |
| 16.2 | 15.5 | 0.7 | 6.8 | 9.3 | |
| 40.3% | 31.9% | 1.5% | 12.2% | 16.3% | |
| −22.3 | −16.3 | 0 | 0.4 | 0 | |
| 6.6 | 6.4 | 6.5 | 6 | 6.5 | |
| 4.4 | 4.5 | 4.5 | 4.4 | 4.4 | |
| −17.1 | −11.6 | −10.3 | −3.1 | −1.7 | |
| 24.2% | 27.1% | 23.7% | 19.2% | 20.0% | |
| −13 | −8.5 | −7.9 | −2.5 | −1.3 | |
| -10.41 | -6.81 | -6.31 | -2.00 | -1.06 |
Profit & loss
- Sales CAGR 3Y
- +18.8%
- ROE
- −124.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 113 | 120 | 149 | 190 | |
| – | +5.8% | +23.8% | +27.9% | |
| 104 | 121 | 150 | 173 | |
| 9.1 | −1.3 | −1.5 | 16.8 | |
| 8.0% | −1.0% | −1.0% | 8.8% | |
| 1.5 | −2 | −4 | −17.1 | |
| 14.5 | 15.6 | 21 | 23.7 | |
| 10 | 16.3 | 16.7 | 17.7 | |
| −0.1 | −0.1 | −0 | −0.4 | |
| −14 | −35.2 | −43.2 | −42.1 | |
| 24.3% | 26.4% | 24.8% | 24.5% | |
| −10.6 | −25.9 | −32.5 | −31.8 | |
| -8.51 | -20.83 | -26.10 | -25.54 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.5 | 12.5 | 12.5 | 12.5 | |
| 89.6 | 62.8 | 29.4 | −3.2 | |
| 236 | 263 | 280 | 308 | |
| 41.2 | 54.5 | 66.2 | 91.2 | |
| 379 | 392 | 388 | 408 | |
| 283 | 270 | 259 | 247 | |
| 48.9 | 2.1 | 0.1 | 0.2 | |
| 1.9 | 3.1 | 3.5 | 3.8 | |
| 2.3 | 0.9 | 1.2 | 1.8 | |
| 42.9 | 116 | 124 | 155 | |
| 379 | 392 | 388 | 408 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6.9 | −13.3 | 11.6 | 3.3 | |
| −87.9 | −3.4 | −5.7 | −4.1 | |
| 68.3 | 15.3 | −5.8 | 1.1 | |
| −12.7 | −1.4 | 0.1 | 0.3 | |
| −88.9 | −3.6 | −6 | −4.4 | |
| −81.9 | −16.9 | 5.6 | −1.2 | |
| −1.2 | −0.6 | −0.6 | −0.6 |
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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