This FMCG stock, focused on manufacturing and trading edible oils and food products, has received NSE and BSE approval for trading equity shares issued on a preferential basis.
Price Action:
On Thursday, Agro Tech Foods Ltd., with a market capitalization of Rs 3,067 crore, saw its stock price surge nearly 1.5 percent from the previous day’s close of Rs 806.5, reaching an intraday high of Rs 815.90. However, the stock later retreated and traded at Rs 810 per share.
Key Financial Highlights:
Agro Tech Foods Limited posted 8.1 percent year-on-year revenue growth in Q3 FY25, with total revenue rising from Rs 193.03 crore to Rs 208.67 crore. Operating profit surged 60.89 percent to Rs 14.4 crore, improving the operating margin from 4.63 percent to 6.89 percent. Net profit also saw a significant increase of 55.16 percent, reaching RS 3.91 crore, with the net profit margin improving to 1.87 percent from 1.3 percent.
Despite the strong earnings, the company’s PE ratio of 284.24 remains significantly higher than the industry average of 38.84, suggesting an overvaluation. Key financial metrics, including an ROE of 0.54 percent, ROA of 0.9 percent, and ROCE of 1.1 percent,
What Happened:
Agro Tech Foods Limited (formerly Agro Tech Foods Limited) has received trading approval from BSE and NSE for 13,327,589 equity shares issued on a preferential basis to non-promoters at Rs 975.5 per share (including a premium of Rs 965.5 per share). These shares, allotted to DMPL India Limited and Bharti Group entities, were issued in exchange for their holdings in Del Monte Foods Private Limited. The shares are listed for trading from March 13, 2025, with a lock-in period until September 30, 2025.
About the Company:
Agro Tech Foods Limited is a publicly listed company engaged in manufacturing, marketing, and selling food products and edible oils. Established in 1986 as ITC Agro Tech, the company has evolved with strong brands like Sundrop and ACT II. It operates across categories such as ready-to-cook snacks, ready-to-eat snacks, spreads, breakfast cereals, and confectionery.
With 500,000+ retail outlets, 1,200+ distributors, and 7 manufacturing facilities, the company ensures widespread market presence. In 2024, it rebranded and acquired Del Monte Foods Pvt. Ltd., expanding into sauces, pasta, and packaged foods. Backed by new leadership, Agro Tech Foods is focused on high-growth, high-margin segments to strengthen its position in India’s packaged food industry.
Written by Shashi Kumar
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