PROV
Proventus Agro. financials
- Market cap
- ₹594 Cr
- Sector
- Fast Moving Consumer Goods
- Calls analysed
- 1
Proventus Agro. Q4 FY25
What went well
- ProV brand revenue grew 37% YoY to ₹417 crores in FY25, demonstrating strong brand performance.
- Consolidated revenue reached ₹584 crores, indicating overall business growth.
- Gross margin improved significantly to 19.8% in FY25 from 17.6% last year, despite increased brand investment.
What to watch
- FY25 EBITDA of ₹12.9 crores missed the previous guidance of ₹22 crores, attributed to a 25% increase in raw material prices and doubled marketing spend.
- Raw material price volatility (up 25% in last 4-5 months) poses a risk to demand and profitability, though increases have been passed on.
Guidance record · Q4 FY25
what the last two calls moved 7 tracked 0 delivered 1 missed 6 open- EBITDA missed said Pre-Q4 FY25 Promised: 22 crore Q4 FY25: Actual EBITDA was 12.9 crores. Management attributed the miss to a 25% increase in raw material prices and doubled marketing spend.
- ProV Brand Revenue Growth open said Q4 FY25 Promised: 35% to 40% growth Q4 FY25: Projecting 35% to 40% growth in revenue again in the FY'26.
All 7 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 82.6%, net profit up 60.0% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 201 | 293 | 293 | 288 | 390 +94% | 535 +83% |
| EBITDA | 4 | 6 | 6 | 5 | 9 +125% | 10 +67% |
| Net profit | 2 | 5 | 5 | 3 | 7 +250% | 8 +60% |
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 +79.6% 1Y
1Y: ₹958.5 on 10 Sept 2025 → ₹1,721. High ₹1,925 (18 Aug 2026), low ₹955 (19 Sept 2025).
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹3 Cr |
| Reserves | ₹49 Cr | ₹50 Cr | ₹61 Cr | ₹119 Cr | ₹133 Cr | ₹141 Cr |
| Borrowings | ₹29 Cr | ₹34 Cr | ₹24 Cr | ₹2 Cr | ₹26 Cr | ₹27 Cr |
| Other liabilities | ₹7 Cr | ₹14 Cr | ₹14 Cr | ₹18 Cr | ₹38 Cr | ₹27 Cr |
| Total liabilities | ₹88 Cr | ₹101 Cr | ₹102 Cr | ₹142 Cr | ₹201 Cr | ₹198 Cr |
| Fixed assets | ₹3 Cr | ₹3 Cr | ₹2 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹9 Cr | ₹10 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹5 Cr | ₹0 Cr | ₹21 Cr |
| Other assets | ₹86 Cr | ₹99 Cr | ₹99 Cr | ₹133 Cr | ₹187 Cr | ₹163 Cr |
| Total assets | ₹88 Cr | ₹101 Cr | ₹102 Cr | ₹142 Cr | ₹201 Cr | ₹198 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 Mar 2026
Since Mar 2025, promoters trimmed −3.24 pp while the public added +2.06 pp.
- Promoters
- 67.2%
- DIIs
- 1.2%
- Public
- 31.6%
Since Mar 2025
- Promoters −3.24 pp
- Public +2.06 pp
- DIIs +1.18 pp
How it drifted, 7 quarters
Over this window promoters fell from 70.8% to 67.2% — −3.6 pp.
Ownership split by quarter, oldest first. Jun '23: Promoters 70.8%, Public 29.2%.Sep '23: Promoters 70.8%, Public 29.2%.Mar '24: Promoters 70.8%, Public 29.2%.Sep '24: Promoters 70.7%, Public 29.3%.Mar '25: Promoters 70.5%, Public 29.6%.Sep '25: Promoters 67.3%, Public 32.7%.Mar '26: Promoters 67.2%, DIIs 1.2%, Public 31.6%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ms Capital India Fund -1 AIF newly disclosed 1.18% held
- Key Managerial Personnel +0.09 pp 0.26% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Proventus Agro. above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Shree Jmd Investment Advisors Llp | 59.96% | −0.12 pp |
| Deepak Kumar Agrawal | 6.03% | unchanged |
| Nisha Viraj Mehta | 4.86% | unchanged |
| Shalin Sanjiv Khanna | 3.08% | unchanged |
| Carnelian Asset Management Llp . | 2.28% | unchanged |
| B Arunkumar Capital And Credit Services Pvt Ltd | 2.21% | unchanged |
| Rosy Blue (India) Private Limited | 1.82% | unchanged |
| Ajcon Global Services Limited | 1.26% | unchanged |
| Seema Harshil Kothari | 1.20% | unchanged |
| Ms Capital India Fund -1 AIF | 1.18% | newly disclosed |
| Anuradha R Soni | 1.05% | unchanged |
| Swati Durgaprasad Jhawar | 1.01% | 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
- A decline
- 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 Proventus Agro.
Guides on how to read this kind of business and the numbers that matter.