Synopsis:M.V.K. Agro Food Product reported FY26 standalone profit of Rs. 12.67 crore, up 64% YoY, while approving a Rs. 50 crore rights issue, key management appointments, and governance changes to support expansion.
Shares of M.V.K. Agro Food Product Limited, with a market capitalization of Rs. 2,459.54 crore, is trading at a price of Rs. 487.00, up 3.62% from its previous closing price of Rs. 470.00. The stock touched an intraday high of Rs. 487.00and a low of Rs. 470.00. It is trading at a P/E ratio of 75.15. The stock’s VWAP stands at Rs. 478.50, while its 52-week high and low are Rs. 819.00 and Rs. 104.35, respectively. The stock is currently trading within its price band of Rs. 423.00 to Rs. 517.00.
M.V.K. Agro Food Product Limited, an NSE Emerge-listed agro-food company based in Nanded, Maharashtra, disclosed a packed board meeting outcome on May 30, 2026, covering everything from FY26 financial results to capital-raising plans and governance strengthening, making it one of the most eventful single-session disclosures for the company since its IPO in March 2024.
On the financial results front, the standalone numbers for FY26 reflect a meaningful turnaround story. Revenue from operations grew to Rs. 153.97 crore for the full year ended March 31, 2026, up approximately 15.8% from Rs. 132.98 crore in FY25.
Profit after tax for FY26 came in at Rs. 12.67 crore, a robust improvement of approx 64% over Rs. 7.72 crore in FY25, a strong signal that the company’s greenfield Ethanol and Bio-CNG manufacturing push at its Nanded facility is starting to contribute meaningfully to the bottom line. For Q4FY26 specifically, standalone PAT was Rs. 5.69 crore versus Rs. 3.59 crore in Q4FY25, a quarterly jump of approx 58.7% year-on-year.
The consolidated picture is even more compelling, reflecting the impact of two significant acquisitions made in August 2025 Dr. Shankarrao Chavan Jaggery and Agro Product Private Limited and V.P.K. Agro Food Product Private Limited, both acquired via a share swap.
Consolidated revenue from operations for FY26 stands at Rs. 319.89 crore, more than doubling from Rs. 149.73 crore in FY25, an increase of approx 113.6%. Consolidated PAT for FY26 was Rs. 46.63 crore, up approx 399.5% from Rs. 9.33 crore in FY25, with Q4FY26 consolidated PAT alone touching Rs. 30.60 crore, a staggering increase of approximately 573% over Rs. 4.55 crore in Q4FY25. Basic EPS (consolidated) for FY26 stood at Rs. 12.20 versus Rs. 6.03 in FY25, more than doubling.
The balance sheet has transformed dramatically. Standalone total assets expanded from Rs. 261.40 crore in FY25 to Rs. 709.36 crore in FY26, an increase of approx 171%, largely driven by a surge in non-current investments and a massive jump in Capital Work in Progress to Rs. 177.20 crore from Rs. 0.78 crore, reflecting the greenfield capacity expansion underway. Share capital too surged from Rs. 15.49 crore to Rs. 50.50 crore following preferential and non-cash allotments during the year.
On the capital-raising front, the Board has approved a rights issue of up to Rs. 50 crore (face value Rs. 10 per share), which will give existing shareholders an opportunity to participate in the company’s expansion financing. The record date and letter of offer terms are to be disclosed separately. This follows a preferential allotment of Rs. 41.34 crore completed in August 2025 for sugar manufacturing capacity expansion from 2,500 MT to 14,000 MT TCD per day.
Beyond the financial results, the Board approved several key management and governance decisions. Mr. Pankaj Pandav was appointed as a Non-Executive Independent Director for a five-year term starting June 20, 2026, subject to shareholder approval. Mr. Ankitkumar Tank, an experienced compliance professional, was appointed as the Company’s Secretary and Compliance Officer with immediate effect. The Board also appointed M/s. Kabra & Maliwal, a chartered accountancy firm with over 37 years of experience, as Internal Auditors for FY27 onwards. Additionally, CFO Mr. Sandip Marotrao Kawale received a salary revision, with remuneration increased to a maximum of Rs. 2 lakh per month effective June 1, 2026.
The company’s statutory auditor, N B T and Co, issued an unmodified audit opinion on both the standalone and consolidated financial statements. However, the auditor noted that certain trade receivable and payable balances are still awaiting independent confirmation, an area investors may continue to monitor.
About the Company
M.V.K. Agro Food Product Limited, founded and led by Managing Director Marotrao Vyankatrao Kawale, is headquartered in Nanded, Maharashtra. The company is engaged in agro food processing with a strategic pivot toward Ethanol manufacturing and Bio-CNG production. Its subsidiary group includes Saikrupa Dairy & Food Products, Dr. Shankarrao Chavan Jaggery & Agro Product, and V.P.K. Agro Food Product Private Limited.
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