539594
Mishtann Foods financials
- Market cap
- ₹347 Cr
- Sector
- Fast Moving Consumer Goods
What Mishtann Foods does
Mishtann Foods sources basmati paddy and other grains from farmers, mandis and agents across Punjab, Haryana, Rajasthan and Madhya Pradesh, including farmers under direct contract-farming arrangements. Raw material is processed, milled and packaged at its integrated automated plant at Himatnagar (Kabodari), Sabarkantha district, Gujarat, which combines sourcing, processing and packaging in one facility. Finished products - branded basmati rice, edible salt, pulses, wheat and gram flour - are sold domestically through a super-stockist and retailer network and in the HORECA (hotels/restaurants/cafe) channel, and exported internationally.
Segments
- Basmati rice
- Edible salt
- Pulses, grams and peas (legumes)
- Wheat flour, multi-grain flour and besan (gram flour)
- Processed / ready-to-eat foods
- Agri-tech services
- Processing plant capacity
- 45 MT/hour (integrated, automated)
- Manufacturing facility
- 1 integrated processing/packaging/milling plant, Himatnagar, Sabarkantha, Gujarat
- Retail presence
- 100,000+ retail outlets
- State presence in India
- 10 states
- Super-stockist network
- 15+
- Farmers under direct contract farming
- ~150 (Rajasthan, as of FY22)
Quarterly results
Q1 FY27: revenue down 95.3%, net profit down 99.4% 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 | 342 | 323 | 331 | 386 | 386 +13% | 336 +4% | 31 −91% | 18 −95% |
| EBITDA | 108 | 74 | 85 | 84 | 96 −11% | 83 +11% | 1 −99% | 1 −99% |
| Net profit | 107 | 73 | 83 | 83 | 95 −10% | 82 +12% | 0 −100% | 0 −99% |
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: ₹5.89 on 10 Sept 2025 → ₹3.2. High ₹5.89 (10 Sept 2025), low ₹3 (30 Mar 2026).
Financials, as filed
Revenue grew 20.6% a year over 3 years, FY23 to FY26. Operating margin widened to 23.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹650 Cr | ₹1.3k Cr | ₹1.4k Cr | ₹1.1k Cr |
| Operating profit | ₹82 Cr | ₹357 Cr | ₹340 Cr | ₹263 Cr |
| Operating margin | 12.7% | 27.8% | 24.7% | 23.1% |
| Interest | ₹5 Cr | ₹4 Cr | ₹2 Cr | ₹2 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr |
| Net profit | ₹50 Cr | ₹344 Cr | ₹334 Cr | ₹260 Cr |
| Net margin | 7.7% | 26.8% | 24.2% | 22.8% |
| Cash from operations | ₹-3 Cr | ₹-54 Cr | ₹-73 Cr | ₹-66 Cr |
| Free cash flow | ₹-3 Cr | ₹-54 Cr | ₹-73 Cr | ₹-66 Cr |
| ROCE | — | 89.0% | 42.0% | 22.0% |
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 | ₹50 Cr | ₹50 Cr | ₹100 Cr | ₹103 Cr | ₹108 Cr | ₹108 Cr |
| Reserves | ₹20 Cr | ₹51 Cr | ₹50 Cr | ₹448 Cr | ₹1.1k Cr | ₹1.2k Cr |
| Borrowings | ₹54 Cr | ₹41 Cr | ₹60 Cr | ₹47 Cr | ₹46 Cr | ₹62 Cr |
| Other liabilities | ₹4 Cr | ₹19 Cr | ₹48 Cr | ₹49 Cr | ₹667 Cr | ₹921 Cr |
| Total liabilities | ₹128 Cr | ₹161 Cr | ₹258 Cr | ₹646 Cr | ₹1.9k Cr | ₹2.3k Cr |
| Fixed assets | ₹6 Cr | ₹5 Cr | ₹4 Cr | ₹4 Cr | ₹3 Cr | ₹3 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹122 Cr | ₹156 Cr | ₹254 Cr | ₹642 Cr | ₹1.9k Cr | ₹2.3k Cr |
| Total assets | ₹128 Cr | ₹161 Cr | ₹258 Cr | ₹646 Cr | ₹1.9k Cr | ₹2.3k 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.
- Promoters
- 43.5%
- Public
- 56.5%
Since Jun 2025
- Promoters 0.00 pp
- FIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Over this window the public went from 47.9% to 56.5% — +8.6 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 49.8%, FIIs 2.3%, Public 47.9%.Dec '23: Promoters 49.8%, FIIs 2.2%, Public 48.0%.Mar '24: Promoters 48.4%, FIIs 5.0%, Public 46.6%.Jun '24: Promoters 46.9%, FIIs 2.8%, Public 50.3%.Sep '24: Promoters 43.5%, FIIs 5.6%, Public 50.9%.Dec '24: Promoters 43.5%, FIIs 1.5%, Public 55.1%.Mar '25: Promoters 43.5%, FIIs 1.4%, Public 55.1%.Jun '25: Promoters 43.5%, Public 56.5%.Sep '25: Promoters 43.5%, Public 56.5%.Dec '25: Promoters 43.5%, Public 56.5%.Mar '26: Promoters 43.5%, Public 56.5%.Jun '26: Promoters 43.5%, Public 56.5%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Mishtann Foods above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Hiteshkumar Gaurishankar Patel | 43.48% | 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.
Learn to analyse Mishtann Foods
Guides on how to read this kind of business and the numbers that matter.