On 6 Nov 2026, Oceanic Foods was priced at ₹51.95, or 7.8× trailing earnings, against an industry P/E of 19.5×, and the shares are 34% below their 52-week high. It earns ROCE of 25% and ROE of 18%, and sales and net profit grew 24% and 31% a year over 3 years. Debt is 0.91× equity. It is a small-cap company with a market cap of ₹58 Cr, ranked 97th of 127 Packaged Foods companies by market cap; the shares fell 15% over the past year.
- ₹51.00
- ₹52.00
- ₹50.00
- ₹52.89
- 3.6K
Health check
- ReturnsIn line
−14.8% over a year, better than 3 of 7 peers.
- Price tagCheaper
P/E 7.8 vs industry 19.5.
- GrowthStrong
Sales +23.7%, profit +31.1% a year over 3 years.
- ProfitabilityStrong
ROCE 24.6% vs peer median 15.3%.
- Balance sheetFair
Debt 0.91× equity, interest covered 3.8×, Piotroski 8 of 9.
- Red flags2 to check
Quarterly sales down 2.5% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹58 Cr
- Small cap
- P/E
- 7.8
- Industry 19.5
- Price to book
- 1.17
- Peers 8.88
- Dividend yield
- 0.00%
- ROE
- 17.9%
- Peers 14.8%
- ROCE
- 24.6%
- Peers 15.3%
- Debt to equity
- 0.91
- Debt ₹46 Cr
- EPS (TTM)
- ₹6.63
- OPM (TTM)
- 9.3%
- Net margin 5.1%
- Sales growth
- −2.5%
- Latest quarter vs a year ago
- Profit growth
- +43.0%
- Latest quarter vs a year ago
- Price to sales
- 0.36
- EV/EBITDA 7.5
Strengths and risks
Strengths
- Return on capital employed of 24.6%.
- Quarterly profit up 43.0% on a year ago.
- P/E of 7.8 against an industry P/E of 19.5.
Risks to check
- Quarterly sales down 2.5% on a year ago.
- 34% below its 52-week high.
About Oceanic Foods
Oceanic Foods Limited engages in the production, processing, and sale of dehydrated vegetables and herbs in India and internationally. The company provides dehydrated onion, garlic, and vegetables; and other products, such as black salt powder, non-iodised and iodised fine salt, and raw salt. The company also offers dehydrated onion flakes, kibbled, minced, chopped, granules, and powder; dehydrated garlic flakes, food preservation, cold storage services,…
- Headquarters
- Jamnagar
- Employees
- 70
- Sector
- Consumer Defensive
- ISIN
- INE711V01010
- Website
- oceanicfoods.com
Price range
- Avg volume (3M)
- 4.5K
- 1-year return
- minus 14.8%
- From 52-week high
- minus 33.5%
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% |
| OCEANICOceanic Foods | 51.95 | minus 1.78% | 58 | 7.8 | 1.17 | 24.6% | 16.1% | 9.3% | 23.7% | 31.1% | 0.00% | minus 14.8% |
| 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 |
|---|---|---|---|---|---|
| 40.6 | 43.1 | 41.2 | 37.5 | 39.6 | |
| 37.2 | 39.6 | 37.5 | 33.8 | 35.5 | |
| 3.4 | 3.5 | 3.7 | 3.7 | 4.1 | |
| 8.5% | 8.0% | 8.9% | 9.9% | 10.4% | |
| 0 | 0 | 0 | 0 | 0 | |
| 0.9 | 0.8 | 1 | 0.7 | 0.9 | |
| 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | |
| – | – | – | – | 0.2 | |
| 2.1 | 2.2 | 2.3 | 2.5 | 3 | |
| 25.8% | 25.2% | 25.9% | 24.0% | 25.5% | |
| 1.5 | 1.6 | 1.7 | 1.9 | 2.2 | |
| 1.37 | 1.46 | 1.49 | 1.71 | 1.97 |
Profit & loss
- Sales CAGR 3Y
- +23.7%
- Profit CAGR 3Y
- +31.1%
- EPS CAGR 3Y
- +31.1%
- ROE
- 17.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 85.7 | 107 | 142 | 162 | |
| – | +24.9% | +33.0% | +14.0% | |
| 80.5 | 102 | 133 | 150 | |
| 5.2 | 5.3 | 9.4 | 12.2 | |
| 6.1% | 5.0% | 6.6% | 7.5% | |
| 0.4 | 0.7 | 0.8 | 2.2 | |
| 0.4 | 0.3 | 2.4 | 3.2 | |
| 1.1 | 1.1 | 1.6 | 1.8 | |
| – | −0.7 | 0 | −0.2 | |
| 4.1 | 4 | 6.3 | 9.1 | |
| 27.1% | 36.1% | 22.1% | 25.2% | |
| 3 | 2.5 | 4.9 | 6.8 | |
| – | minus 16.2% | +95.8% | +37.3% | |
| 2.68 | 2.25 | 4.40 | 6.04 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11.3 | 11.3 | 11.3 | 11.3 | |
| 20.1 | 22.5 | 27.4 | 34.3 | |
| 1.3 | 16.5 | 33.2 | 39 | |
| 9.2 | 16 | 18.9 | 16.3 | |
| 41.8 | 66.3 | 90.8 | 101 | |
| 12.9 | 14 | 20.4 | 27.4 | |
| 0.1 | 0.6 | 2.7 | 5.9 | |
| 0 | 0 | 0 | 0 | |
| 1.8 | 6 | 0 | 0.1 | |
| 26.9 | 45.7 | 67.6 | 67.3 | |
| 41.8 | 66.3 | 90.8 | 101 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16 | −8.1 | −12 | 9.7 | |
| −0.8 | −2.6 | −8 | −12 | |
| −11.3 | 14.9 | 14 | 2.4 | |
| 3.9 | 4.2 | −6 | 0.1 | |
| −0.9 | −2.8 | −8.2 | −12.5 | |
| 15.1 | −10.9 | −20.2 | −2.8 |
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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