Krishival Foods Ltd Share Price

Empyrean Cashews commenced operations in 2014 under the name and style of the brand ‘Krishival Cashews’. The company was incorporated in 2014 and is engaged in processing raw cashew nuts into finished cashew kernels in different flavours, with a presence in many tier II and tier III towns and cities. It primarily caters to the domestic market with a network of many distributors across India. It procures majority of its raw materials by way of import from certain African and Asian countries and also from the Konkan region of India.

The company focus on quality of its products to increase its presence across the country. The company has one Subsidiary namely, Siddhivinayak Cashew Industries. In addition to processing raw cashews it is also engaged in the business of organic manure which is prepared by using by-products like husk and other biodegradable material left after processing of the raw cashews. Based on the audited restated financials for FY 2021, 93% of its revenue is derived from sale of cashews whilst remaining 7% is derived from sale of organic manure.

The company’s product portfolio include different flavours of cashews such as salted, pepper, chilli and assorted - all offered in different grades and packaging formats. The grades of the cashew kernels are based on the size of cashew nuts. The company has following grades available in 100 grams, 250 grams, 500 grams as well as 10 kilograms packings: (a) Premium grades such as W180, W210, P210, W240 and P240 (b). Other grades include W320, P320, W400, SSW, DW, RW, KW, JJH, JH, JK, LWP, SP, SWP, BB as well as flavoured cashew. The products are processed under hygienic condition following the specific food grade standards recommended by the industry. The products are supplied to different channels which include distributors, supermarkets, retailers as well as wholesalers. Also, the products of the company are sold over the counter to tourists and localites who visit its packaging unit. The company also supplies organic manure which is a derived from husk and other biodegradable material left after the processing of raw cashews. The organic manure is used in agriculture to improve soil fertility and enhance crop productivity. Its organic manure is purchased by the local farmers at its processing unit itself.

Business area of the company

Empyrean Cashews engages in the processing of raw cashew nuts into flavoured cashews. The company product portfolio includes different flavours of cashews such as salted, pepper, chilli and assorted - all offered in different grades and packaging formats.

Major Events and Milestones

• 2014: Incorporated as a private limited company.
• 2014: Set up of processing unit.
• 2016: Set up of packaging unit.
• 2019: Company achieved a revenue of Rs 5,000 lakh.
• 2021: Conversion of Company from private limited to public limited.
• 2022: Acquisition of ‘Siddhivinayak Cashew Industries Private Limited’.