Natraj Proteins (BSE: NATRAJPR) had a P/E of 3.0× on 6 Nov 2026, below the industry P/E of 19.5×, and the shares are 21% below their 52-week high. It earns ROCE of 9.9% and ROE of 20%, and sales fell 11% a year over 3 years while net profit grew 17%. Debt is 1.02× equity. It is a small-cap company with a market cap of ₹14 Cr, ranked 120th of 127 Packaged Foods companies by market cap; the shares fell 8.9% over the past year.
- ₹36.49
- ₹37.00
- ₹36.09
- ₹36.00
- 253
Health check
- ReturnsIn line
−8.9% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 3.0 vs industry 19.5.
- GrowthSlow
Sales −11.0%, profit +16.8% a year over 3 years.
- ProfitabilityWeak
ROCE 9.9% vs peer median 15.3%.
- Balance sheetStretched
Debt 1.02× equity, interest covered 1.5×, Piotroski 5 of 9.
- Red flags1 to check
Interest coverage of only 1.6×.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹14 Cr
- Small cap
- P/E
- 3.0
- Industry 19.5
- Price to book
- 0.38
- Peers 8.88
- Dividend yield
- 0.00%
- ROE
- 19.8%
- Peers 14.8%
- ROCE
- 9.9%
- Peers 15.3%
- Debt to equity
- 1.02
- Debt ₹36 Cr
- EPS (TTM)
- ₹11.89
- OPM (TTM)
- 6.7%
- Net margin 6.6%
- Sales growth
- +18.3%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 0.14
- EV/EBITDA 4.4
Strengths and risks
Strengths
- Return on equity of 19.8%.
- Quarterly sales up 18.3% on a year ago.
- P/E of 3.0 against an industry P/E of 19.5.
Risks to check
- Interest coverage of only 1.6×.
About Natraj Proteins
Natraj Proteins Limited manufactures and sells oil seeds and refining of soya crude oil for edible use in India. The company offers soyabean oil, fats, and de-oiled cakes; and oil meal, food products from soya, and value-added products from downstream and upstream processing. It also trades in cereals, including wheat, tuar dall, maize, moong dal, gram, and paddy, as well as engages in rice milling activities. The company was incorporated in 1990 and is…
- Headquarters
- Itarsi
- Employees
- 39
- Sector
- Consumer Defensive
- ISIN
- INE444D01016
- Website
- natrajproteins.com
Price range
- Avg volume (3M)
- 1.6K
- 1-year return
- minus 8.9%
- From 52-week high
- minus 20.9%
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% |
| NATRAJPRNatraj Proteins | 36.24 | plus 0.67% | 14 | 3.0 | 0.38 | 9.9% | 19.8% | 6.7% | −11.0% | 16.8% | 0.00% | minus 8.9% |
| 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 |
|---|---|---|---|---|---|
| 26.6 | 26.9 | 28.8 | 18.9 | 31.4 | |
| 27.2 | 27.9 | 25.2 | 17.2 | 28.6 | |
| −0.6 | −1 | 3.5 | 1.7 | 2.8 | |
| −2.4% | −3.8% | 12.3% | 9.1% | 8.9% | |
| 0.1 | 0.1 | 0 | 0.1 | 0 | |
| 0.5 | 0.6 | 0.6 | 0.7 | 0.6 | |
| 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | |
| −1.2 | −1.6 | 2.9 | 1 | 2.1 | |
| −0.9% | −0.7% | 0.3% | −5.8% | 0.3% | |
| −1.2 | −1.6 | 2.9 | 1.1 | 2.1 | |
| -3.24 | -4.41 | 7.72 | 2.96 | 5.62 |
Profit & loss
- Sales CAGR 3Y
- −11.0%
- Profit CAGR 3Y
- +16.8%
- EPS CAGR 3Y
- +16.8%
- ROE
- 19.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 144 | 194 | 118 | 101 | |
| – | +34.9% | minus 39.2% | minus 14.1% | |
| 140 | 203 | 117 | 97.5 | |
| 3.1 | −9.4 | 1.1 | 3.6 | |
| 2.2% | −4.8% | 0.9% | 3.6% | |
| 0.1 | −0 | 0.3 | 0.1 | |
| 1.7 | 2.7 | 2.3 | 2.3 | |
| 0.4 | 0.4 | 0.3 | 0.4 | |
| −0.1 | 0.1 | 0 | 0 | |
| 1 | −12.5 | −1.2 | 1.1 | |
| 30.0% | −0.5% | −24.3% | −2.6% | |
| 0.7 | −12.5 | −1.5 | 1.1 | |
| 1.90 | -33.41 | -3.90 | 3.03 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.7 | 3.7 | 3.7 | 3.7 | |
| 42.5 | 30 | 28.5 | 29.6 | |
| 33.7 | 40.1 | 22.7 | 36.1 | |
| 9.2 | 4 | 3.7 | 6.6 | |
| 89.1 | 77.8 | 58.6 | 76 | |
| 5.8 | 7 | 7.6 | 7.3 | |
| 1.9 | 1.6 | 2.5 | 1.6 | |
| 2.7 | 1.1 | 0.5 | 0.9 | |
| 78.7 | 68.1 | 48 | 66.3 | |
| 89.1 | 77.8 | 58.6 | 76 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.8 | −5.6 | 21.7 | −13.6 | |
| −2.8 | 0.5 | −2.5 | 2.8 | |
| −2.4 | 3.4 | −19.8 | 11 | |
| −2.4 | −1.7 | −0.7 | 0.2 | |
| −2.1 | −0.1 | −0.8 | −0.2 | |
| 0.7 | −5.7 | 20.9 | −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. Institutions hold about 1.9% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.