Agri-Tech (India) Ltd (AGRITECH)
🎯 Key Takeaways
- Agri-Tech (India) Ltd is a financially distressed FMCG company operating in a niche segment with no meaningful revenue generation over recent periods, reporting persistent losses and negative returns. The company has not declared dividends in recent years and is currently navigating regulatory scrutiny, including a SEBI-mandated forensic audit across multiple fiscal years.
- ⚠️ Ongoing forensic audit by SEBI into historical financials may uncover irregularities affecting credibility and investor trust.
- Market Cap
- ₹56
- P/B Ratio
- 0.54
- ROE
- -2.5%
- ROCE
- -0.9%
- Debt/Equity
- 0.15
- Promoter
- 30.9%
📖 The Story
Agri-Tech (India) Ltd is a financially distressed FMCG company operating in a niche segment with no meaningful revenue generation over recent periods, reporting persistent losses and negative returns. The company has not declared dividends in recent years and is currently navigating regulatory scrutiny, including a SEBI-mandated forensic audit across multiple fiscal years. Its financial trajectory shows no recovery path, with operational losses continuing despite minor fluctuations in balance sheet liabilities.
📰 What's Happening
Management has recently focused on governance and compliance, with the Board approving auditor appointments and finalizing unaudited Q1 FY27 results ahead of the scheduled 33rd AGM on 16 September 2026 via video conferencing with e-voting. The company has not announced any new business initiatives, product launches, or revenue drivers, and continues to operate without any disclosed revenue in recent quarters. The forensic audit initiated by SEBI into accounts from FY 2020-21 to 2025-26 remains ongoing, with management confirming cooperation but refraining from commenting on potential outcomes.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Operating Profit | 0 | 0 | -1 | -0 |
| OPM % | — | 17.9% | -7000.0% | — |
| Net Profit | -2 | 1 | -1 | -0 |
| EPS | ₹-3.43 | ₹1.74 | ₹-1.29 | ₹-0.61 |
The company has consistently reported negligible or zero revenue over the past several quarters, with operating losses persisting and no signs of top-line recovery. Despite a stable equity base, cumulative losses have eroded profitability, reflected in negative ROE and ROCE. The absence of revenue growth or margin improvement suggests the business model is not currently viable, and financial performance remains stagnant without any disclosed corrective strategy.
🔮 Management Outlook & What's Next
Management has not provided forward-looking financial guidance or strategic roadmap in the available filings. The most recent commentary centers on routine governance actions, including auditor appointments and the upcoming AGM, with no mention of recovery plans, cost restructuring, or revenue diversification. The lack of dividend recommendations and continued losses indicate limited confidence in near-term financial improvement.
Extracted from official company announcements. Not StockFin.ai's opinion.
🏦 Balance Sheet (₹ Cr)
| Item | Mar 2020 | Mar 2021 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 |
| Reserves | 115 | 97 | 112 | 97 |
| Borrowings | 1 | 16 | 0 | 10 |
| Total Liabilities | 122 | 119 | 119 | 114 |
| Fixed Assets | 23 | 11 | 24 | 11 |
| Investments | 44 | 45 | 43 | 44 |
| Total Assets | 122 | 119 | 119 | 114 |
The balance sheet shows minimal debt levels with borrowings remaining low at ₹10 lakhs as of March 2022, suggesting conservative capital structure but limited reinvestment capacity. Equity and reserves remain stable, but the lack of retained earnings growth due to recurring losses raises concerns about long-term sustainability. There is no evidence of aggressive investment or asset expansion, indicating capital allocation is currently passive.
💰 Cash Flow Statement (₹ Cr)
| Item | Mar 2021 |
|---|---|
| Operating | -9 |
| Investing | -6 |
| Financing | +15 |
| Net Cash Flow | -0 |
👥 Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 30.9% | 30.9% | 30.9% | 30.9% |
| FII | 0.0% | 0.0% | 0.0% | 0.0% |
| DII | 0.0% | 0.0% | 0.0% | 0.0% |
| Public | 55.0% | 55.4% | 54.6% | 54.8% |
| # Shareholders | 25,434 | 25,119 | 24,660 | 24,803 |
Institutional holding (FII and DII) remains extremely low at 0.01% and 0.03% respectively, with no signs of accumulation, while the promoter stake remains unchanged at 30.9%. The number of public shareholders has slightly declined, reflecting limited market interest. The lack of significant movement in shareholding patterns suggests institutional investors are either absent or waiting for clarity before engaging.
⚖️ Peer Comparison — FMCG
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| HINDUNILVR | 4.39 L Cr | 29.3 | 29.8% | — | 0.00 |
| ITC | 3.32 L Cr | 16.7 | 36.0% | — | 0.03 |
| NESTLEIND | 2.58 L Cr | 67.6 | 99.2% | — | 0.00 |
| VBL | 1.45 L Cr | 43.0 | 21.5% | — | 0.10 |
| LENSKART | 1.17 L Cr | 176.0 | 11.9% | — | 0.03 |
| BRITANNIA | 1.16 L Cr | 44.7 | 54.1% | — | 0.27 |
| MARICO | 1.03 L Cr | 54.4 | 54.2% | — | 0.08 |
| TATACONSUM | 95,699 | 58.5 | 10.2% | — | 0.10 |
| GODREJCP | 87,631 | 45.8 | 17.8% | — | 0.33 |
| DABUR | 67,419 | 34.2 | 21.3% | — | 0.09 |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Ongoing forensic audit by SEBI into historical financials may uncover irregularities affecting credibility and investor trust. 2. Persistent net losses and zero revenue trend indicate fundamental business weakness with no visible path to profitability. 3. Absence of dividend signals and weak financial metrics may continue to deter investor interest. 4. Low liquidity and minimal institutional coverage increase vulnerability to price volatility.
📋 Recent Filings
- Announcement2026-09-28Agri-Tech (India) Ltd has announced that its trading window will close on October 1, 2026, and remain shut until 48 hours after the company declares u…
- 🟡 voting results2026-09-16Agri-Tech (India) held its 33rd AGM on September 16, 2026 via video conference, with 39 shareholders present including 13 promoters and 26 public shar…
- 🔴 annual report2026-08-25Agri-Tech (India) Limited announced its 33rd Annual General Meeting (AGM) to be held on 16 September 2026 via video conferencing. Shareholders will vo…
- 🟡 corporate governance2026-08-06Agri-Tech (India) Limited disclosed that SEBI appointed CNK & Associates LLP as forensic auditor to examine its accounts from FY 2020-21 to 2025-26 fo…
- share transfer2026-07-23Agri-Tech (India) Limited received a compliance certificate from its share transfer agent confirming that securities dematerialized up to 30 June 2026…
- 🟡 Board Meeting2026-07-15Agri-Tech (India) Limited announced the outcome of its Board meeting held on 15 July 2026, approving unaudited standalone financial results for the qu…
- Financial Results2026-06-26Agri-Tech (India) Limited has announced that its trading window will close from 1 July 2026 until 48 hours after the unaudited financial results for t…
- 🟡 Board Meeting2026-06-20Agri-Tech (India) Limited announced the Board approved the appointment of KP Sahasrabudhe & Co. as statutory auditor for five years and P A Agrawal & …
- regulation 312026-06-19No summary available
- 🟡 Board Meeting2026-04-25Agri-Tech (India) Limited held an Extraordinary General Meeting on 25 April 2026 at its registered office in Chhatrapati Sambhajinagar, where sharehol…
🧠 Analyst's Read
Agri-Tech (India) Ltd remains a high-risk entity with no current signs of operational or financial recovery, and management has yet to articulate a credible turnaround strategy. Investors should monitor outcomes from the forensic audit and any future disclosures related to revenue generation or strategic restructuring.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-30.
Editorial & Data Transparency Notice
This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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