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Elfin Agro India Ltd (544724)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544724 NSE: Consumer Food | Small Cap | Elfin Agro India Share Price

₹81.50 3.50 (4.49%)

As on 14-Aug'26 16:59

Elfin Agro India Ltd (544724)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544724 NSE: Consumer Food | Small Cap | Elfin Agro India Share Price

₹81.50 3.50 (4.49%)

As on 14-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹152 Cr.
Current Price
₹81.5
52-Week Low / High
₹47 / 87
TTM EPS
₹3
TTM Sales
₹177 Cr.
Book Value per Share
₹22.4
P/E Ratio
26.26
Higher than its 5-year historical median
Industry PE
53.4
Price to Book (P/B)
3.48
Higher than its 5-year historical median
Price to Sales (P/S)
0.86
Higher than its 5-year historical median
EV/EBITDA
15.33
In line with its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
20.17%
Outperforms industry median
Return on Capital Employed (ROCE)
24.84%
Outperforms industry median
Return on Assets (ROA)
13.45%
Operating Profit Margin
5.2%
Net Profit Margin
3.26%
Gross Profit Margin
4.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
21.2%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
21.54%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
14.71%
Asset Quality
Promoter Holding
72.59%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹34 Cr.
Equity
₹9.7 Cr.
Face Value
₹5
All Time Low / High
₹47.30 / 87.00

Elfin Agro India stock performance

Key Ratios
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Valuation

Overvalued

Price Trend

Weak
Q.1 Is Elfin Agro India Ltd a good quality company?
Elfin Agro India Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Elfin Agro India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Elfin Agro India Ltd vs industry peers?
Elfin Agro India Ltd revenue CAGR is 20.36%, compared to the industry median CAGR of 11.23%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Elfin Agro India Ltd?
Promoters hold 72.59% of the Elfin Agro India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Elfin Agro India Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Elfin Agro India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 23.8%39.8%36.1%24.8%-
Value Creation
Index
0.71.81.60.8-

Growth Parameters

Sales 101124146177177
Sales YoY Gr.-22.8%17.2%21.2%-
Adj EPS 1.32.63.633
YoY Gr.-103.9%36.8%-16.8%-
BVPS (₹) 3.66.29.722.422.4
Adj Net
Profit
1.83.755.86
Cash Flow from Ops. 0.12.8-314.7-
Debt/CF from Ops. 89.32.7-40.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA20.4%21.2%
Adj EPS NANA32.4%-16.8%
BVPSNANA84.6%130.8%
Share Price - - - -

Key Financial Parameters

Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
3653.644.820.113.3
Op. Profit
Mgn %
3.14.75.25.2NAN
Net Profit
Mgn %
1.833.53.33.3
Debt to
Equity
1.40.90.90.1-
Working Cap
Days
04046590
Cash Conv.
Cycle
01426460

Valuation of Elfin Agro India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'23Mar'24Mar'25Mar'26
Sales101124146177
Operating Expenses + 98119138168
Manufacturing Costs2336
Material Costs91111131157
Employee Cost 1111
Other Costs 4434
Operating Profit 3689
Operating Profit Margin (%) 3.1%4.7%5.2%5.2%
Other Income + 0011
Exceptional Items 0000
Interest 0111
Depreciation 0001
Profit Before Tax 3578
Tax 1122
Profit After Tax 2456
PAT Margin (%) 1.8%3.0%3.5%3.3%
Adjusted EPS (₹)1.32.63.63.0
Dividend Payout Ratio (%)0%0%0%0%
PARTICULARSMar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 591444
Share Capital 11710
Reserves 47734
Debt +77124
Long Term Debt4221
Short Term Debt35103
Minority Interest0000
Trade Payables7752
Others Liabilities 1233
Total Liabilities 21253352

Fixed Assets

Net Fixed Assets +8101011
Gross Block10131314
Accumulated Depreciation2233
CWIP 0000
Investments 0000
Inventories671121
Trade Receivables56910
Cash Equivalents 0008
Others Assets 2233
Total Assets 21253352
PARTICULARSMar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 03-315
PBT 3578
Adjustment 11123
Changes in Working Capital -3-2-10-15
Tax Paid -1-1-1-2
Cash Flow From Investing Activity + -3-2-1-1
Capex -3-3-1-1
Net Investments 0000
Others 0100
Cash Flow From Financing Activity + 3-04-7
Net Proceeds from Shares 0063
Net Proceeds from Borrowing 3-2-0-1
Interest Paid -0-1-1-1
Dividend Paid 0000
Others 13-1-7
Net Cash Flow -0007
PARTICULARSMar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)35.9753.5844.9320.17
ROCE (%)23.7739.7936.0724.84
Asset Turnover Ratio4.855.465.024.12
PAT to CFO Conversion(x)00.75-0.62.5
Working Capital Days
Receivable Days1916.701920.20
Inventory Days21.1018.5022.4033
Payable Days30.2023.1015.907.50

Top 5 Mutual Funds Holding

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Announcements

Elfin Agro India Ltd FAQs

The current trading price of Elfin Agro India on 14-Aug-2026 16:59 is ₹81.50.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Aug-2026 the market cap of Elfin Agro India stood at ₹151.5 Cr

The latest P/E ratio of Elfin Agro India as of 13-Aug-2026 is 26.26.

The latest P/B ratio of Elfin Agro India as of 13-Aug-2026 is 3.48.

The 52-week high of Elfin Agro India is ₹87.00 and the 52-week low is ₹47.30.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Elfin Agro India is ₹177 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Elfin Agro India Ltd is a below average quality company.

The key valuation ratios of Elfin Agro India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Elfin Agro India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Elfin Agro India Ltd

Elfin Agro India was originally incorporated as a Private Limited Company under the name ‘Ravija Sulz Private Limited’ on July 28, 2009. Subsequently the name of the company was changed to ‘Elfin Agro India Private Limited’ on June 05, 2012. Subsequently, on November 18, 2024, the company got converted into a public limited company, resulting in a name change to ‘Elfin Agro India Limited’.

The company is primarily engaged in the business of manufacturing of Chakki Atta (High fibre whole wheat flour), R Atta (Refined whole wheat flour), Tandoori Atta (Specialized flour), Sooji (Semolina flour), Maida (Refined Flour) and yellow mustard oil. The company sells processed wheat flour under its brand ‘Shiv Nandi’ and ‘ELFIN’S Shri Shyam BHOG’ to wholesalers and retailers across Rajasthan, Uttar Pradesh, Gujarat, etc. It meticulously selects premium quality wheat as its raw material in its Flour Processing unit. The company is also engaged in the extraction, filtering and manufacturing of Edible mustard oil from raw mustard seeds, being the raw material used for its production. Edible mustard oil is sold under its brand ‘Shiv Nandi’.

It also engages in the trading of certain agro-products, including Chana, Maize, Soyabean Refined Oil, Rice Bran Refined Oil, Wheat, cattle feed, groundnut oil etc. based on the prevailing market conditions. This not only allows the company to augment its revenues and minimize product and inventory wastage but also enables it to capitalize on market opportunities by selling goods for which certain consumers are willing to pay premium prices. The company aims to achieve minimal wastage in the manufacturing units, wherein waste material/ or the by-products viz., wheat bran generated during the manufacturing process from the flour processing unit is sold as cattle feed and Mustard Seed Oil Cake is sold to nearby De-Oiled Cake (DOC) plants. Therefore, in this manner the company commercialises all the by-products as well as waste material generated at its Manufacturing Units.

Business area of the company 

The company is engaged in the business of manufacturing of Chakki Atta (High fibre whole wheat flour), R Atta (Refined whole wheat flour), Tandoori Atta (Specialized flour), Sooji (Semolina flour), Maida (Refined Flour) and yellow mustard oil.

Products of the company

  • Chakki Atta
  • Tandoori Atta
  • Refined Atta
  • Maida
  • Sooji
  • Mustard oil
  • Wheat Bran (choker)

History and milestones

  • 2009: The company incorporated as a Private Limited Company in the name of ‘Ravija Sulz Private Limited’.
  • 2012: Name changed from ‘Ravija Sulz Private Limited’ to ‘Elfin Agro India Private Limited’.
  • 2013: Flour processing unit was set up at F-250 and F-251 RIICO Growth Centre, Bhilwara.
  • 2019: Ownership assumed by Daga Family.
  • 2019: Purchased a Dal Processing Unit at Plot No. G1-407 & G1-408, RIICO Growth Centre, Bhilwara (‘RIICO Land’) vide an auction conducted by Bank of Baroda.
  • 2020: Commencement of commercial production of Dal Mill.
  • 2022: Discontinuation of operations of Dal Mill on account of low margins.
  • 2022: Company had installed the Mustard oil Processing Unit at F-252 and F-253 RIICO Growth Centre, Bhilwara.
  • 2023: Increase in capacity of Flour processing unit from 36,500 MTPA to 47,450 MTPA.
  • 2024: The company converted from Private to Public Limited Company and name changed from ‘Elfin Agro India Private Limited’ to ‘Elfin Agro India Limited’.

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