Shri Gang Industries & Allied Products (BSE: SHRIGANG) had a P/E of 5.3× on 6 Nov 2026, below the industry P/E of 31.3×, and the shares are 48% below their 52-week high. Sales and net profit grew 38% and 12% a year over 3 years, with ROCE of 29% and ROE of 63%. Debt is 0.97× equity. It is a small-cap company with a market cap of ₹108 Cr, ranked 17th of 19 Beverages (Wineries & Distilleries) companies by market cap; the shares fell 40% over the past year.
- ₹50.68
- ₹50.68
- ₹49.00
- ₹50.43
- 7.6K
Health check
- ReturnsBehind
−39.8% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 5.3 vs industry 31.3.
- GrowthSteady
Sales +38.3%, profit +12.2% a year over 3 years.
- ProfitabilityStrong
ROCE 28.9% vs peer median 24.0%.
- Balance sheetFair
Debt 0.97× equity, interest covered 5.3×, Piotroski 6 of 9.
- Red flags1 to check
48% below its 52-week high.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹108 Cr
- Small cap
- P/E
- 5.3
- Industry 31.3
- Price to book
- 2.01
- Peers 8.68
- Dividend yield
- 0.00%
- ROE
- 62.9%
- Peers 15.4%
- ROCE
- 28.9%
- Peers 24.0%
- Debt to equity
- 0.97
- Debt ₹50 Cr
- EPS (TTM)
- ₹9.47
- OPM (TTM)
- 9.9%
- Net margin 5.4%
- Sales growth
- +38.6%
- Latest quarter vs a year ago
- Profit growth
- +89.8%
- Latest quarter vs a year ago
- Price to sales
- 0.30
- EV/EBITDA 4.2
Strengths and risks
Strengths
- Return on equity of 62.9%.
- Return on capital employed of 28.9%.
- Quarterly profit up 89.8% on a year ago.
- Quarterly sales up 38.6% on a year ago.
- P/E of 5.3 against an industry P/E of 31.3.
Risks to check
- 48% below its 52-week high.
About Shri Gang Industries & Allied Products
Shri Gang Industries & Allied Products Limited engages in the manufacture and sale of vanaspati, refined oils, and bakery shortening in India. The company operates in two segments, Liquor Operations and Edible Oil Operations. It offers extra neutral alcohol, country liquor, and Indian made foreign liquor for institutional and consumer markets. The company sells its products under the Apna, Mr. Baker, Golden Cascade, and Bulldozer brand names; and Vat 69,…
- Headquarters
- New Delhi
- Employees
- 214
- Sector
- Consumer Defensive
- ISIN
- INE241V01018
- Website
- shrigangindustries.com
Price range
- Avg volume (3M)
- 18.5K
- 1-year return
- minus 39.8%
- From 52-week high
- minus 48.1%
Peers · Beverages - Wineries & Distilleries
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITDSPRUnited Spirits | 1,418.00 | plus 1.69% | 1,00,686 | 59.8 | 11.11 | 25.5% | 19.2% | 17.8% | 5.6% | 17.4% | 1.22% | minus 3.9% |
| RADICORadico Khaitan | 4,515.20 | minus 0.22% | 60,499 | 75.9 | 16.49 | 24.0% | 24.0% | 19.4% | 24.6% | 40.0% | 0.20% | plus 41.4% |
| ABDLAllied Blenders and Distillers | 708.00 | plus 1.28% | 19,803 | 86.8 | 12.05 | 24.6% | 13.3% | 13.5% | 7.4% | 422.4% | 0.77% | plus 4.0% |
| TITilaknagar Industries | 485.50 | minus 0.32% | 12,035 | – | 3.98 | – | −2.7% | 15.7% | – | – | 0.21% | minus 3.4% |
| PICCADILPiccadily Agro Industries | 582.30 | minus 1.20% | 5,740 | 40.6 | 6.25 | 20.0% | 17.4% | 13.4% | 19.5% | 83.3% | 0.17% | minus 14.5% |
| IGLSPIRITSIGL Spirits | 852.28 | minus 4.25% | 5,713 | 95.9 | – | – | – | 0.0% | – | – | 0.00% | minus 3.4% |
| GLOBUSSPRGlobus Spirits | 693.25 | minus 0.93% | 2,181 | 22.0 | 1.62 | 12.4% | 7.9% | 10.0% | 8.7% | −9.1% | 0.93% | minus 38.4% |
| SHRIGANGShri Gang Industries & Allied Products | 50.39 | minus 0.08% | 108 | 5.3 | 2.01 | 28.9% | 62.9% | 9.9% | 38.3% | 12.2% | 0.00% | minus 39.8% |
| Median of 7 peers | – | −0.32% | 12,035 | 67.9 | 8.68 | 24.0% | 15.4% | 13.5% | 8.7% | 40.0% | 0.21% | −3.4% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 |
|---|---|---|---|---|---|
| 57.8 | 85.4 | 85.8 | 114 | 80.1 | |
| 54.1 | 81.1 | 80.4 | 93 | 75.1 | |
| 3.8 | 4.3 | 5.5 | 21.3 | 5.1 | |
| 6.5% | 5.1% | 6.4% | 18.6% | 6.3% | |
| 0.2 | 0.1 | 0.1 | 0.1 | 0.4 | |
| 1.1 | 1.9 | 1.8 | 1.1 | 1 | |
| 1.3 | 1.4 | 1.4 | 1.4 | 1.4 | |
| 1.6 | 1.2 | 2.3 | 18.8 | 3 | |
| 186.6% | 19.9% | 25.7% | 25.6% | 34.7% | |
| −1.4 | 1 | 1.7 | 14 | 2 | |
| -0.78 | 0.49 | 0.88 | 6.75 | 0.91 |
Profit & loss
- Sales CAGR 3Y
- +38.3%
- Profit CAGR 3Y
- +12.2%
- ROE
- 62.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 138 | 265 | 324 | 366 | |
| – | +91.9% | +22.2% | +12.8% | |
| 120 | 235 | 276 | 330 | |
| 17.9 | 30.4 | 48.4 | 36.2 | |
| 12.9% | 11.5% | 14.9% | 9.9% | |
| 0.5 | 0.5 | 0.6 | 0.7 | |
| 5.4 | 10.1 | 9.5 | 5.9 | |
| 3.5 | 5.2 | 5.5 | 5.7 | |
| 0.1 | 3.9 | – | – | |
| 9.6 | 19.5 | 34 | 25.3 | |
| −37.0% | 24.2% | 13.8% | 26.4% | |
| 13.2 | 14.8 | 29.3 | 18.6 | |
| – | +12.4% | +98.3% | minus 36.6% | |
| 8.65 | 8.25 | 13.60 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 17.9 | 17.9 | 19.4 | 21.5 | |
| −62.7 | −47.9 | −10.3 | 28.6 | |
| 125 | 128 | 85.7 | 49.8 | |
| 87.7 | 64.8 | 59.7 | 56.5 | |
| 168 | 163 | 155 | 156 | |
| 123 | 125 | 126 | 125 | |
| 0.3 | – | – | – | |
| 0.3 | 3.3 | 3.8 | 7 | |
| 1.1 | 1.9 | 0.5 | 1 | |
| 43 | 32.5 | 24.6 | 23.5 | |
| 168 | 163 | 155 | 156 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.9 | 14.5 | 44.8 | 25.9 | |
| −25.6 | −7 | −5.9 | −4.8 | |
| 13.1 | −6.6 | −40.4 | −21.5 | |
| 0.4 | 0.8 | −1.5 | −0.4 | |
| −25.7 | −7.1 | −5.9 | −4.9 | |
| −12.8 | 7.4 | 38.9 | 21 |
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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