MEGASTAR

Megastar Foods financials

Market cap
₹313 Cr
Sector
Fast Moving Consumer Goods

What Megastar Foods Limited does

Megastar Foods mills wheat into refined flour (maida), atta, suji/rawa, organic wheat flour and wheat bran at a single processing plant in Rupnagar, Punjab, equipped with Buhler milling machinery. It sells primarily as a B2B refined-flour supplier to large multinational and domestic food companies such as Nestle, Mrs. Bector's, Jubilant and ITC, with sales spread across states led by Punjab, Himachal Pradesh and Haryana. The company also operates an in-house wheat storage facility and a flour-testing/R&D lab for quality control.

Segments

  • Maida (fine wheat flour)
  • Atta (wheat flour)
  • Organic wheat flour / organic atta
  • Suji/Rawa (semolina)
  • Chokar/Wheat bran
Processing capacity
710 MT/day (Rupnagar facility)
Wheat storage capacity
50,000 MT (in-house)
Manufacturing plants
1 (single-location plant, Rupnagar, Punjab)
Facility size
9+ acres
States with market presence
12 (Punjab, Himachal Pradesh, Haryana, Maharashtra, Uttar Pradesh, Rajasthan, Gujarat, Jammu & Kashmir, Goa, Karnataka, Tamil Nadu, Delhi)
Quality/food-safety certifications
Halal, FSSAI, BRCGS, SEDEX (SMETA)
Founded 2011Headquarters Chandigarh, India Company website

Quarterly results

Q1 FY27: revenue up 23.5%, net profit up 37.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue90 89 120 107 138 +53%141 +59%146 +22%133 +24%
EBITDA5 6 10 7 9 +103%9 +60%10 +2%7 +10%
Net profit2 0 1 2 2 +46%3 +527%2 +61%2 +38%
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 +20.8% 1Y

₹200₹250₹300₹350Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹229.64 on 10 Sept 2025 → ₹277.5. High ₹375.2 (9 Jul 2026), low ₹208.4 (27 Jan 2026).

Financials, as filed

Revenue grew 25.8% a year over 3 years, FY23 to FY26. Operating margin narrowed to 6.6%.

Year endingFY23FY24FY25FY26
Revenue₹268 Cr₹254 Cr₹355 Cr₹533 Cr
Operating profit₹21 Cr₹13 Cr₹22 Cr₹35 Cr
Operating margin7.7%4.9%6.2%6.6%
Interest₹6 Cr₹4 Cr₹12 Cr₹14 Cr
Depreciation₹2 Cr₹3 Cr₹5 Cr₹9 Cr
Net profit₹10 Cr₹6 Cr₹4 Cr₹9 Cr
Net margin3.6%2.3%1.1%1.7%
Cash from operations₹13 Cr₹14 Cr₹-10 Cr₹27 Cr
Free cash flow₹-15 Cr₹-38 Cr₹-60 Cr₹20 Cr
ROCE22.0%10.0%9.0%12.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹10 Cr₹10 Cr₹10 Cr₹11 Cr₹11 Cr₹11 Cr
Reserves₹20 Cr₹26 Cr₹36 Cr₹80 Cr₹86 Cr₹91 Cr
Borrowings₹50 Cr₹34 Cr₹58 Cr₹57 Cr₹174 Cr₹131 Cr
Other liabilities₹10 Cr₹5 Cr₹6 Cr₹7 Cr₹84 Cr₹34 Cr
Total liabilities₹90 Cr₹75 Cr₹110 Cr₹155 Cr₹355 Cr₹267 Cr
Fixed assets₹22 Cr₹26 Cr₹40 Cr₹40 Cr₹151 Cr₹148 Cr
Capital work in progress₹0 Cr₹4 Cr₹16 Cr₹65 Cr₹0 Cr₹0 Cr
Investments₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr₹2 Cr
Other assets₹65 Cr₹43 Cr₹52 Cr₹48 Cr₹202 Cr₹117 Cr
Total assets₹90 Cr₹75 Cr₹110 Cr₹155 Cr₹355 Cr₹267 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, FIIs added +4.33 pp while the public trimmed −3.95 pp. The shareholder count shrank 25% to 6,362.

Promoters
61.5%
FIIs
5.5%
DIIs
1.4%
Public
31.6%

Since Jun 2025

  • FIIs +4.33 pp
  • Public −3.95 pp
  • DIIs −0.38 pp

How it drifted, 12 quarters

Over this window promoters fell from 68.4% to 61.5% — −6.9 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 68.4%, DIIs 1.0%, Public 30.6%.Dec '23: Promoters 68.4%, FIIs 2.4%, DIIs 1.0%, Public 28.2%.Mar '24: Promoters 61.5%, FIIs 2.0%, DIIs 1.8%, Public 34.7%.Jun '24: Promoters 62.0%, FIIs 2.9%, DIIs 0.9%, Public 34.1%.Sep '24: Promoters 61.5%, FIIs 2.5%, DIIs 1.6%, Public 34.4%.Dec '24: Promoters 61.5%, FIIs 1.9%, DIIs 1.6%, Public 35.0%.Mar '25: Promoters 61.5%, FIIs 2.2%, DIIs 1.9%, Public 34.4%.Jun '25: Promoters 61.5%, FIIs 1.2%, DIIs 1.8%, Public 35.5%.Sep '25: Promoters 61.5%, FIIs 1.1%, DIIs 1.6%, Public 35.8%.Dec '25: Promoters 61.5%, FIIs 1.1%, DIIs 1.8%, Public 35.7%.Mar '26: Promoters 61.5%, FIIs 1.7%, DIIs 2.3%, Public 34.5%.Jun '26: Promoters 61.5%, FIIs 5.5%, DIIs 1.4%, Public 31.6%.

Who was buying across the market this quarter →

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.

The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Megastar Foods Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Vikas Goel 22.96%unchanged
Vikas Gupta 19.66%unchanged
Pankaj Goel 9.93%newly disclosed
Beeline Consultancy Services Private Limited 7.01%unchanged
Vista Axis Vcc-Quant Fund FPI fund4.36%newly disclosed
Komalay Investrade Private Limited 3.91%+1.44 pp
Sat Pal Gupta 2.68%unchanged
Shivani Gupta 2.32%unchanged
Indira Rani 2.14%unchanged
Mudit Goyal 1.78%unchanged
Chanakya Opportunities Fund I AIF1.36%unchanged
Hitesh Garg 1.17%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 trap

To justify its price of ₹278, this stock must grow earnings at 21% every year for 7 years. Our analysis caps realistic growth at ~-5%. At that growth it is worth ₹70 — downside of 75%.

Growth the price implies
21.1% a year
for 7 years, fading to 4%
It has actually compounded at
-0.6% a year
net profit, FY23–FY26 · EPS -4.6%
The gap
0.3 pp
-75% downside if it only repeats history
Price today ₹277.5 Value at the reference growth ₹70.08

Change the assumptions yourself →

Learn to analyse Megastar Foods Limited

Guides on how to read this kind of business and the numbers that matter.