526125
BN Holdings share price & financials
- Price
- ₹282
- Market cap
- ₹2.1k Cr
- Sector
- Services
What BN Holdings does
BN Agrochem Limited (formerly BN Holdings Limited), incorporated in 1991 and listed on the BSE, is a Mumbai-headquartered holding company that acquires and consolidates interests in businesses manufacturing and trading edible oils, oil seeds, solvent-extracted oil, extracted oil cakes and refined oil, with edible-oil and agri-products trading as its principal revenue-driving segment. It operates through two wholly-owned overseas subsidiaries, BN Holdings Singapore Pte Limited and BN Holdings Europe Limited, the latter having its own step-down subsidiary in Liberia, and is in the process of merging in three group entities to build an integrated agro-commodity platform. The company has also begun diversifying into renewable energy (solar and wind power systems) and technology services (software development, systems integration and IT-enabled services). It is promoted by the BN Group and, as of FY2024-25, had yet to commence full-scale commercial operations in its core businesses.
Segments
- Edible Oils & Agri-Products Trading
- Renewable Energy (Solar & Wind)
- Technology / IT-Enabled Services
- Overseas subsidiaries
- 2 direct wholly-owned (BN Holdings Singapore Pte Ltd, BN Holdings Europe Ltd) plus 1 step-down subsidiary in Liberia
- Group companies under planned merger
- 3 (B.N. Agritech Limited, Salasar Balaji Overseas Private Limited, A1 Agri Global Limited)
- Business verticals
- 3 (edible oils & agri-commodities trading, solar/wind renewable energy, IT-enabled services)
- Commercial operations status
- Yet to commence full-scale commercial operations as of FY2024-25
- Promoter group
- Part of the BN Group, promoted by Anubhav Agarwal
Quarterly results
Q1 FY27: revenue up 26.7%, net profit down 85.2% 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 | 0 | 85 | 214 | 203 | 216 | 192 +125% | 261 +22% | 258 +27% |
| EBITDA | -4 | 8 | -41 | 24 | 1 +136% | -16 −307% | 4 +110% | 6 −75% |
| Net profit | -6 | 10 | 19 | 20 | 18 +415% | -7 −167% | 3 −85% | 3 −85% |
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 −45.7% 1Y
1Y: ₹355.45 on 10 Sept 2025 → ₹193. High ₹407.95 (7 Nov 2025), low ₹193 (11 Sept 2026).
Financials, as filed
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹0 Cr | ₹7 Cr | ₹299 Cr | ₹873 Cr |
| Operating profit | ₹-0 Cr | ₹-3 Cr | ₹-37 Cr | ₹13 Cr |
| Operating margin | — | -43.3% | -12.5% | 1.5% |
| Interest | ₹0 Cr | ₹0 Cr | ₹9 Cr | ₹2 Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Net profit | ₹-0 Cr | ₹-3 Cr | ₹22 Cr | ₹34 Cr |
| Net margin | — | -44.0% | 7.3% | 3.9% |
| Cash from operations | ₹0 Cr | ₹-3 Cr | ₹-38 Cr | ₹24 Cr |
| Free cash flow | ₹0 Cr | ₹-3 Cr | ₹-39 Cr | ₹24 Cr |
| ROCE | — | -9.0% | 27.0% | 4.0% |
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 | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹98 Cr | ₹98 Cr |
| Reserves | ₹-10 Cr | ₹-10 Cr | ₹-10 Cr | ₹56 Cr | ₹346 Cr | ₹369 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹280 Cr | ₹87 Cr | ₹51 Cr |
| Other liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹12 Cr | ₹172 Cr | ₹8 Cr |
| Total liabilities | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹358 Cr | ₹703 Cr | ₹526 Cr |
| Fixed assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹357 Cr | ₹72 Cr | ₹72 Cr |
| Other assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹630 Cr | ₹453 Cr |
| Total assets | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹358 Cr | ₹703 Cr | ₹526 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
The ownership split has held steady since Jun 2025. The shareholder count grew 1% to 9,402.
- Promoters
- 5.9%
- Public
- 94.1%
Since Jun 2025
- Promoters 0.00 pp
- FIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Over this window promoters fell from 59.0% to 5.9% — −53.1 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 59.0%, Public 41.0%.Dec '23: Promoters 59.0%, Public 41.0%.Mar '24: Promoters 58.6%, Public 41.4%.Jun '24: Promoters 58.6%, Public 41.4%.Sep '24: Promoters 58.6%, Public 41.4%.Dec '24: Promoters 55.2%, FIIs 0.2%, Public 44.5%.Mar '25: Promoters 5.9%, FIIs 0.0%, Public 94.0%.Jun '25: Promoters 5.9%, Public 94.1%.Sep '25: Promoters 5.9%, Public 94.1%.Dec '25: Promoters 5.9%, Public 94.1%.Mar '26: Promoters 5.9%, Public 94.1%.Jun '26: Promoters 5.9%, Public 94.1%.
Who is on the register
Named in the Jun 2026 filing
Every holder of BN Holdings above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Global Focus Fund FPI fund | 18.34% | unchanged |
| M7 Global Fund Pcc - Cell Dewcap Fund FPI fund | 12.14% | unchanged |
| Falcone Peak Fund (Ceic) Ltd | 10.44% | unchanged |
| Aio Growth Capital Fund Spc VC / PE | 10.34% | unchanged |
| Wave Capital Ltd FPI fund | 10.29% | −0.19 pp |
| Nova Global Opportunities Fund Pcc - Touchstone FPI fund | 10.04% | unchanged |
| Beacon Stone Capital Vcc - Beacon Stone I Fccb FPI fund | 9.87% | unchanged |
| Zeal Global Opportunities Fund FPI fund | 8.15% | unchanged |
| Anubhav Agarwal | 5.93% | unchanged |
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.
What the price assumes
- Growth the price implies
- 35.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse BN Holdings
Guides on how to read this kind of business and the numbers that matter.