519397
Sharat Industrie financials
- Market cap
- ₹638 Cr
- Sector
- Fast Moving Consumer Goods
- Calls analysed
- 2
Sharat Industrie Q4 FY26
What went well
- FY26 Revenue from operations increased by approximately 38% to ₹524.7 crores, demonstrating strong overall growth.
- FY26 Profit After Tax (PAT) grew significantly by approximately 60% to ₹15.90 crores, leading to an EPS of ₹4.06.
- Q4 FY26 revenue grew substantially by approximately 25% year-on-year to ₹117.24 crores, supported by healthy export demand and product diversification.
What to watch
- Q4 FY26 profitability was impacted by the Middle East conflict, leading to rerouting of shipments, increased logistics costs, and inventory build-up.
- Sharp increases in key raw material prices (fishmeal and soya) impacted profit margins in the domestic feed business during Q4.
What Sharat Industrie does
Sharat Industries Limited runs an integrated shrimp aquaculture value chain founded in 1990, spanning feed manufacturing, farming and processing. Its Nellore (Andhra Pradesh) feed mill and farm supply captive and third-party farmers, while its processing plant converts Vannamei and Black Tiger shrimp into frozen products (IQF, block-frozen, brine-frozen) that are exported to markets including the US, Russia, China and the EU. A hatchery division exists but has been non-operational in recent years.
Segments
- Processing
- Feed manufacturing
- Farming
- Hatchery
- Processing plant capacity
- 7,500 tonnes/yr (~60% utilized in FY25; targeting ~75%)
- Feed mill capacity
- 20,000+ tonnes/yr installed; ~6,000 tonnes produced in FY25
- Farm capacity
- 2,000 tonnes/yr on 500 acres (Bay of Bengal coast); ~800 tonnes produced in FY25 (~40% utilization)
- Product varieties
- 16+ shrimp product varieties across 3 categories (IQF Frozen, Block Frozen, Brine Frozen)
- International customers
- 25+
- Domestic customers
- 35+
Guidance record · Q4 FY26
what the last two calls moved 7 tracked 1 delivered 0 missed 6 open- Q4 FY26 Revenue delivered said Q3 FY26 Promised: similar or slightly greater than last year's Q4 Q4 FY26: Achieved. Q4 FY26 revenue grew 25% YoY to ₹117.24 crores, exceeding the guidance of 'similar or slightly greater'.
- Utilization Level on track said Q3 FY26 Promised: 90% over the next 24 months Q4 FY26: Slight improvement in overall capacity utilization mentioned as a driver for FY26 profitability growth.
All 7 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 4.4%, net profit up 16.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 100 | 96 | 94 | 115 | 150 +49% | 143 +48% | 117 +25% | 120 +4% |
| EBITDA | 9 | 8 | 4 | 11 | 12 +30% | 10 +22% | 3 −20% | 13 +15% |
| Net profit | 4 | 3 | 1 | 5 | 6 +54% | 5 +80% | 0 −91% | 6 +17% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +25.9% 1Y
1Y: ₹129.85 on 10 Sept 2025 → ₹163.5. High ₹175.1 (4 Feb 2026), low ₹122.8 (22 Sept 2025).
How the price took the results
close before → close after
- Q4 FY26
- +0.1%
- 1 Jun
- Q3 FY26
- −0.3%
- 18 Feb
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 16.4% a year over 3 years, FY23 to FY26. Operating margin widened to 6.9%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹333 Cr | ₹302 Cr | ₹381 Cr | ₹525 Cr |
| Operating profit | ₹18 Cr | ₹21 Cr | ₹29 Cr | ₹36 Cr |
| Operating margin | 5.5% | 7.0% | 7.5% | 6.9% |
| Interest | ₹9 Cr | ₹9 Cr | ₹11 Cr | ₹12 Cr |
| Depreciation | ₹4 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr |
| Net profit | ₹7 Cr | ₹6 Cr | ₹10 Cr | ₹16 Cr |
| Net margin | 2.0% | 1.9% | 2.6% | 3.0% |
| Cash from operations | ₹17 Cr | ₹-2 Cr | ₹-26 Cr | ₹1 Cr |
| Free cash flow | ₹11 Cr | ₹-3 Cr | ₹-28 Cr | ₹-5 Cr |
| ROCE | 11.0% | 10.0% | 12.0% | 13.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹22 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr | ₹39 Cr | ₹39 Cr |
| Reserves | ₹35 Cr | ₹46 Cr | ₹55 Cr | ₹60 Cr | ₹112 Cr | ₹115 Cr |
| Borrowings | ₹82 Cr | ₹89 Cr | ₹89 Cr | ₹96 Cr | ₹120 Cr | ₹126 Cr |
| Other liabilities | ₹42 Cr | ₹27 Cr | ₹30 Cr | ₹24 Cr | ₹43 Cr | ₹36 Cr |
| Total liabilities | ₹181 Cr | ₹186 Cr | ₹198 Cr | ₹204 Cr | ₹315 Cr | ₹316 Cr |
| Fixed assets | ₹42 Cr | ₹46 Cr | ₹49 Cr | ₹46 Cr | ₹41 Cr | ₹46 Cr |
| Capital work in progress | ₹2 Cr | ₹3 Cr | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹137 Cr | ₹138 Cr | ₹147 Cr | ₹156 Cr | ₹272 Cr | ₹269 Cr |
| Total assets | ₹181 Cr | ₹186 Cr | ₹198 Cr | ₹204 Cr | ₹315 Cr | ₹316 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −1.30 pp while promoters added +1.06 pp. The shareholder count shrank 2% to 37,282.
- Promoters
- 45.0%
- FIIs
- 0.1%
- DIIs
- 0.6%
- Public
- 54.3%
Since Jun 2025
- Public −1.30 pp
- Promoters +1.06 pp
- DIIs +0.37 pp
How it drifted, 12 quarters
Over this window the public fell from 60.7% to 54.3% — −6.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 39.0%, DIIs 0.4%, Public 60.7%.Dec '23: Promoters 39.0%, DIIs 0.4%, Public 60.7%.Mar '24: Promoters 39.0%, DIIs 0.4%, Public 60.7%.Jun '24: Promoters 39.0%, DIIs 0.4%, Public 60.7%.Sep '24: Promoters 43.6%, FIIs 0.2%, DIIs 0.2%, Public 56.0%.Dec '24: Promoters 43.6%, FIIs 0.2%, DIIs 0.2%, Public 56.0%.Mar '25: Promoters 43.6%, FIIs 0.2%, DIIs 0.2%, Public 56.0%.Jun '25: Promoters 44.0%, FIIs 0.2%, DIIs 0.2%, Public 55.6%.Sep '25: Promoters 44.0%, FIIs 0.2%, DIIs 0.2%, Public 55.6%.Dec '25: Promoters 44.4%, DIIs 0.2%, Public 55.4%.Mar '26: Promoters 45.0%, DIIs 0.6%, Public 54.4%.Jun '26: Promoters 45.0%, FIIs 0.1%, DIIs 0.6%, Public 54.3%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- C-Scape Aquatech Private Limited newly disclosed 1.88% held
- Rohit Siddareddy Venkat +0.07 pp 1.54% held
The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Sharat Industrie above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| S Sharat Reddy | 23.10% | unchanged |
| Prasad Reddy Sabbella | 18.61% | unchanged |
| Kishan Gopal Mohta | 5.93% | −0.51 pp |
| Devaki Reddy Sabbella | 3.23% | unchanged |
| C-Scape Aquatech Private Limited | 1.88% | newly disclosed |
| Ashish Chugh | 1.80% | unchanged |
| Rohit Siddareddy Venkat | 1.54% | +0.07 pp |
| Pedaballe Vinod Kumar Reddy | 1.18% | unchanged |
| Raasha Fincap Private Limited | 1.16% | unchanged |
| Sanket Shivkant Sharma | 1.11% | unchanged |
| S Charita Reddy | 0.07% | unchanged |
| Venkatagiri Charanraj Singh | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (2)
Read the Q4 FY26 call →Learn to analyse Sharat Industrie
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