PATELRMART

Patel Retail financials

Market cap
₹777 Cr
Sector
Consumer Services
Calls analysed
4
Latest concall · Q1 FY27 · call held 27 Aug 2026

Patel Retail Limited Q1 FY27

EBITDA ₹19.68 cr +24%EBITDA Margin 6.34% PAT ₹9.52 cr +37%EPS ₹2.85

What went well

  • Total income registered a robust 69.35% year-on-year growth to INR310.24 crores in Q1 FY27.
  • Profit after tax increased by 37.43% to INR9.52 crores for the quarter.
  • Added new retail stores at Rasayani and Babgaon, and a 53rd store at Uran in Raigad, strengthening presence in the Mumbai Metropolitan Region.

What to watch

  • EBITDA margin declined to 6.34% in Q1 FY27 from 8.67% in Q1 FY26, attributed to product mix and raw material volatility.
  • Online sales were low at INR50 lakhs in Q1 despite having over 50,000 app downloads, indicating a need for stronger digital channel traction.
Read the full call →

What Patel Retail Limited does

Patel Retail runs a cluster-based chain of neighborhood supermarkets across the Thane, Raigad and Palghar belt, selling food, FMCG and general merchandise through both own private-label brands and third-party brands. It backs this with three vertically-integrated processing facilities in Ambernath (Maharashtra) and Kutch (Gujarat) that clean, grade, roast and pack pulses, spices, flours, peanuts, mango pulp and sesame seeds. Output from these plants feeds its own stores, its private-label portfolio, and an export business selling to over 35 countries. A hub-and-spoke distribution centre at Ambernath supplies all stores, and an omnichannel mobile app supports online-to-offline ordering and delivery.

Segments

  • Retail
  • Manufacturing & Processing
Retail stores
51 stores, 2,29,158 sq. ft. retail area (as of 31 May 2026)
Total installed processing capacity
1,47,000+ MTPA across 3 facilities (Ambernath, Kutch x2)
Product SKUs
10,000+ across 38 product categories
Export reach
35+ countries
Private label brands
5+ (Patel Fresh, Indian Chaska, Blue Nation, Patel Essentials)
MMRDA locations
17 store locations
Founded 1990Headquarters Ambernath, Maharashtra, India Company website

Guidance record · Q1 FY27

what the last two calls moved 13 tracked 2 delivered 2 missed 9 open
  • Total Revenue delivered said Q2 FY26 Promised: 1,000-1,040 crores (15% to 20% growth) for FY26 Q1 FY27: Target period has passed. No new updates.
  • PAT Margin missed said Q2 FY26 Promised: 4% to 4.5% for fiscal '26 Q1 FY27: Target period has passed. No new updates.
  • EBITDA Margin at risk said Q4 FY26 Promised: 8% to 9% going forward Q1 FY27: Q1 EBITDA margin was 6.34%, below the guided range of 8-9%. Management attributed this to product mix and expects recovery, but the target is at risk.

All 13 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 69.7%, net profit up 37.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue195 228 220 182 222 +14%309 +35%334 +52%310 +70%
EBITDA14 14 16 15 17 +17%23 +65%17 +11%19 +25%
Net profit6 6 7 7 10 +73%12 +96%10 +39%10 +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 −20.0% 1Y

₹150₹200₹250Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 19 Nov 2025Q3 FY26 — 9 Feb 2026Q4 FY26 — 11 Jun 2026Q1 FY27 — 27 Aug 2026

1Y: ₹263.65 on 10 Sept 2025 → ₹211.05. High ₹263.65 (10 Sept 2025), low ₹151.22 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+0.5%
27 Aug
Q4 FY26
+1.4%
11 Jun
Q3 FY26
+5.0%
9 Feb
Q2 FY26
−1.0%
19 Nov

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 27.7% a year over 1 year, FY25 to FY26. Operating margin held at 6.9%.

Year endingFY25FY26
Revenue₹821 Cr₹1.0k Cr
Operating profit₹57 Cr₹72 Cr
Operating margin7.0%6.9%
Interest₹16 Cr₹12 Cr
Depreciation₹12 Cr₹18 Cr
Net profit₹25 Cr₹39 Cr
Net margin3.1%3.7%
Cash from operations₹28 Cr₹-83 Cr
Free cash flow₹16 Cr₹-101 Cr
ROCE17.0%15.0%
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₹4 Cr₹4 Cr₹4 Cr₹24 Cr₹33 Cr₹33 Cr
Reserves₹41 Cr₹52 Cr₹68 Cr₹70 Cr₹335 Cr₹330 Cr
Borrowings₹176 Cr₹171 Cr₹184 Cr₹188 Cr₹124 Cr₹163 Cr
Other liabilities₹26 Cr₹47 Cr₹47 Cr₹51 Cr₹60 Cr₹93 Cr
Total liabilities₹247 Cr₹274 Cr₹303 Cr₹333 Cr₹553 Cr₹620 Cr
Fixed assets₹27 Cr₹38 Cr₹59 Cr₹60 Cr₹65 Cr₹108 Cr
Capital work in progress₹26 Cr₹27 Cr₹2 Cr₹4 Cr₹0 Cr₹1 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹194 Cr₹209 Cr₹242 Cr₹268 Cr₹488 Cr₹511 Cr
Total assets₹247 Cr₹274 Cr₹303 Cr₹333 Cr₹553 Cr₹620 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 Sep 2025, FIIs trimmed −2.36 pp while DIIs added +1.22 pp. The shareholder count shrank 29% to 37,293.

Promoters
70.0%
FIIs
1.5%
DIIs
3.0%
Public
25.5%

Since Sep 2025

  • FIIs −2.36 pp
  • DIIs +1.22 pp
  • Public +1.14 pp

How it drifted, 4 quarters

Over this window FIIs fell from 3.8% to 1.5% — −2.4 pp.

Sep '25Dec '25Jun '26

Ownership split by quarter, oldest first. Sep '25: Promoters 70.0%, FIIs 3.8%, DIIs 1.8%, Public 24.4%.Dec '25: Promoters 70.0%, FIIs 2.8%, DIIs 1.8%, Public 25.4%.Mar '26: Promoters 70.0%, FIIs 1.6%, DIIs 2.8%, Public 25.6%.Jun '26: Promoters 70.0%, FIIs 1.5%, DIIs 3.0%, Public 25.5%.

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 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

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

HolderStakeChange
Dhanji Raghavji Patel . 46.46%unchanged
Bechar Raghavji Patel . 13.29%unchanged
Bharat Haribhai Patel . 3.74%unchanged
Chanakya Opportunities Fund I AIF2.38%unchanged
Mukesh Sharma 1.97%newly disclosed
Rahul Dhanji Patel . 1.92%unchanged
Hiren Bechar Patel . 1.92%unchanged
Mahesh Haribhai Patel . 0.96%unchanged
Ankit Beacher Patel . 0.96%unchanged
Preeti Pankaj Patel . 0.19%unchanged
Komal Rahul Waghela . 0.19%unchanged
Asmita Dhanji Patel . 0.19%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

Attractive

To justify its price of ₹211, this stock must grow earnings at 12% every year for 7 years. Our analysis caps realistic growth at ~39%. At that growth it is worth ₹807 — upside of 282%.

Growth the price implies
12.3% a year
for 7 years, fading to 4%
It has actually compounded at
39.2% a year
net profit, FY25–FY26
The gap
-0.3 pp
282% downside if it only repeats history
Price today ₹211.05 Value at the reference growth ₹806.7

Change the assumptions yourself →

All earnings calls (4)

Read the Q1 FY27 call →

Learn to analyse Patel Retail Limited

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