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Source Natural Foods and Herbal Supplements Ltd (531398)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531398 NSE: Pharmaceuticals & Drugs | Small Cap | Source Natural Foods Share Price

₹108.30 0.80 (0.74%)

As on 04-Jun'26 16:59

Source Natural Foods and Herbal Supplements Ltd (531398)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531398 NSE: Pharmaceuticals & Drugs | Small Cap | Source Natural Foods Share Price

₹108.30 0.80 (0.74%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹70 Cr.
Current Price
₹108.3
52-Week Low / High
₹97 / 192
TTM EPS
₹5.3
TTM Sales
₹70.4 Cr.
Book Value per Share
₹40
P/E Ratio
20.51
Lower than its 5-year historical median
Industry PE
46.5
Price to Book (P/B)
2.71
Lower than its 5-year historical median
Price to Sales (P/S)
0.99
Lower than its 5-year historical median
EV/EBITDA
12.67
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
13.89%
Outperforms industry median
Return on Capital Employed (ROCE)
16.68%
Outperforms industry median
Return on Assets (ROA)
9.53%
Operating Profit Margin
11.5%
Net Profit Margin
6.46%
Gross Profit Margin
9.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
64.54%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
15.21%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
66.67%
Asset Quality
Promoter Holding
74.37%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹19 Cr.
Equity
₹6.4 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 269.75

Source Natural Foods and Herbal Supplements stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Source Natural Foods and Herbal Supplements Ltd a good quality company?
Source Natural Foods and Herbal Supplements Ltd is a quality company, based on a 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 Source Natural Foods and Herbal Supplements Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Source Natural Foods and Herbal Supplements Ltd vs industry peers?
Source Natural Foods and Herbal Supplements Ltd revenue CAGR is 27.01%, compared to the industry median CAGR of 5.35%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Source Natural Foods and Herbal Supplements Ltd?
Promoters hold 74.37% of the Source Natural Foods and Herbal Supplements Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Source Natural Foods and Herbal Supplements Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.3% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Source Natural Foods and Herbal Supplements Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.9%20.4%11.7%13.6%20.9%33.1%26.4%18%17.6%16.7%-
Value Creation
Index
-0.40.5-0.20.00.51.40.90.30.30.2-

Growth Parameters

Sales 10.915.910.812.813.624.921.519.827.344.970
Sales YoY Gr.-45.8%-32%18.2%6.1%83.1%-13.5%-8.1%38%64.5%-
Adj EPS 0.72.21.21.62.65.33.83.32.84.55.3
YoY Gr.-230.3%-43.1%28.2%60.4%106.3%-28.1%-12.7%-16.7%64%-
BVPS (₹) 8.610.812.113.715.220.524.227.530.234.740
Adj Net
Profit
0.41.40.811.63.42.42.11.82.93
Cash Flow from Ops. 0.4-0.70.12.6-0.44.5-0.72.52.70.1-
Debt/CF from Ops. 0.2-2.816.40.1-3.10.2-0.100.5113.1-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 17%27%27.8%64.5%
Adj EPS 23.8%12.1%6.1%64%
BVPS16.7%18%12.8%14.9%
Share Price 11% -12% 5.1% -37.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
822.410.912.417.729.516.912.79.513.914.1
Op. Profit
Mgn %
8.811.51312.417.616.817.918.216.411.59.1
Net Profit
Mgn %
3.98.87.4812.113.611.310.76.56.54.8
Debt to
Equity
00.30.200.10.1000.10.30
Working Cap
Days
6710524216617913018423014913375
Cash Conv.
Cycle
30581721321381031321601038238

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales10.9315.9410.8412.8113.5924.8821.5319.7927.3044.92
Operating Expenses + 9.9614.119.4311.2211.2020.7017.6816.1822.8239.78
Manufacturing Costs1.341.711.6621.822.592.381.691.951.93
Material Costs3.435.293.944.814.859.919.439.8516.7833.47
Employee Cost 1.441.841.882.132.292.543.863.142.883.27
Other Costs 3.745.271.942.282.245.6621.501.231.11
Operating Profit 0.971.831.411.592.394.183.853.614.475.15
Operating Profit Margin (%) 8.8%11.5%13.0%12.4%17.6%16.8%17.9%18.2%16.4%11.5%
Other Income + 0.010.010.0100.020.340.490.010.010.08
Exceptional Items 00000-0.0100-0.050
Interest 0.010.070.240.200.230.100.240.270.210.62
Depreciation 0.490.350.350.340.340.370.420.621.041.02
Profit Before Tax 0.481.410.831.061.854.033.682.743.183.58
Tax 0.050.010.030.030.210.661.250.611.440.68
Profit After Tax 0.431.400.801.031.643.372.432.121.742.90
PAT Margin (%) 3.9%8.8%7.4%8.0%12.1%13.6%11.3%10.7%6.4%6.5%
Adjusted EPS (₹)0.72.21.21.62.65.23.83.32.74.5
Dividend Payout Ratio (%)0%0%0%62.70%0%0%0%0%0%0%

Valuation of Source Natural Foods - 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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 5.566.977.778.799.7913.1615.6017.7219.4522.36
Share Capital 6.446.446.446.446.446.446.446.446.446.44
Reserves -0.880.531.332.363.356.739.1611.2813.0215.92
Debt +0.081.911.770.161.120.930.02000
Long Term Debt0.060.300.180.100.100.030.02000
Short Term Debt0.021.611.600.061.020.910000
Minority Interest0000000000
Trade Payables0.771.220.390.600.780.601.492.132.803.26
Others Liabilities 0.211.140.750.610.601.011.671.612.6310.45
Total Liabilities 6.6211.2410.6810.1712.2815.7118.7821.4624.8836.06

Fixed Assets

Net Fixed Assets +3.313.533.583.573.313.8856.565.524.59
Gross Block6.156.727.127.457.538.449.9011.9911.1511.24
Accumulated Depreciation2.843.193.543.884.214.574.895.435.636.65
CWIP 000000.340000
Investments 0000000000
Inventories1.351.682.191.971.231.742.763.824.306.07
Trade Receivables0.834.394.133.336.795.997.747.417.5112.24
Cash Equivalents 0.780.200.020.760.012.710.872.917.097.23
Others Assets 0.341.440.760.530.941.072.400.760.465.93
Total Assets 6.6211.2410.6810.1712.2815.7118.7821.4624.8836.06

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.38-0.690.112.64-0.364.46-0.702.512.690.07
PBT 0.431.400.831.061.854.053.682.743.183.58
Adjustment 0.490.410.530.470.29-0.17-0.68-0.040.120.96
Changes in Working Capital -0.54-2.51-1.251.11-2.50.59-2.07-0.19-0.6-4.48
Tax Paid 0000000000
Cash Flow From Investing Activity + -0.16-1.950.14-0.31-0.71-2.050.070.060.29-5.33
Capex -0.14-0.57-0.40-0.33-0.08-0.92-1.540.080-0.09
Net Investments 0000000000
Others -0.02-1.380.540.03-0.63-1.131.61-0.020.29-5.24
Cash Flow From Financing Activity + 0.012.06-0.42-1.600.320.28-1.20-0.531.195.40
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0.01-0.06-0.21-0.16-0.16-0.10-0.15-0.24-0.19-0.62
Dividend Paid 0000-0.6400000
Others 0.022.12-0.21-1.431.130.38-1.04-0.291.396.02
Net Cash Flow 0.23-0.58-0.180.74-0.742.69-1.832.044.180.13

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.3122.4210.8712.417.6529.416.9212.739.3413.89
ROCE (%)8.9420.411.6713.5620.8933.0826.418.0217.6316.68
Asset Turnover Ratio1.881.9511.361.351.781.250.981.281.64
PAT to CFO Conversion(x)0.88-0.490.142.56-0.221.32-0.291.181.550.02
Working Capital Days
Receivable Days16.3054.80141.5095.70122.3093.70116.40139.7091.7072
Inventory Days40.1031.8064.2053.4038.7021.8038.2060.7049.9037.80
Payable Days74.1068.7074.8037.9052.1025.5040.606753.6033.10

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Source Natural Foods and Herbal Supplements Ltd FAQs

The current trading price of Source Natural Foods on 04-Jun-2026 16:59 is ₹108.3.

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 03-Jun-2026 the market cap of Source Natural Foods stood at ₹69.71 Cr

The latest P/E ratio of Source Natural Foods as of 03-Jun-2026 is 20.51.

The latest P/B ratio of Source Natural Foods as of 03-Jun-2026 is 2.71.

The 52-week high of Source Natural Foods is ₹192.0 and the 52-week low is ₹96.55.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Source Natural Foods is ₹70.38 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Source Natural Foods and Herbal Supplements Ltd is a average quality company.

The key valuation ratios of Source Natural Foods and Herbal Supplements Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

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

About Source Natural Foods and Herbal Supplements Ltd

Inwinex Pharmaceuticals, incorporated in 1995, is engaged in the manufacture of pharmaceuticals. Earlier known as Inwinex Laboratories, it got its present name on March 2, 2007.

The company has been incurring losses for past couple of years on account of partial shutdown of the factory for renovation and inadequate working capital facilities. The factory, located at Hyderabad in Andhra Pradesh, has been completely shut down since April 12, 2006 due to inadequacy of working capital.

In 2000, company decided to hive-off the bulk drug unit and diversify into software related activities by changing the main clause. And in 2001, the company has signed an agreement with CDSL, NSDL and Venture Capital and Corporate Investment for dematerialization.

Business areas of the company:

The company manufactures antibiotics, norfloxacin, pefloxacin, enrofloxacin and electrolyte supplements.

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