REGAAL

Regaal Resources financials

Market cap
₹988 Cr
Sector
Fast Moving Consumer Goods
Calls analysed
2
Latest concall · Q1 FY27 · call held 17 Aug 2026

Regaal Resources Limited Q1 FY27

Operating EBITDA ₹30.98 cr +27%EBITDA Margin 15.3% +5%PAT ₹13.33 cr +47%PAT Margin 6.6% +3%

What went well

  • Value-added revenue grew 30.3% YoY to Rs. 80.53 crores, reflecting a decisive shift towards higher-margin, manufacturing-led revenue.
  • Value-added margin expanded significantly to 39.8% from 25.1% in Q1 FY26.
  • Operating EBITDA rose 26.6% YoY to Rs. 30.98 crores, with EBITDA margin expanding 540 basis points to 15.3%.

What to watch

  • Operating income decreased by 18% YoY to Rs. 202 crores, although this was attributed to a deliberate reduction in low-margin trading activity.
  • Capacity utilization was 71.4% in Q1 FY27, impacted by planned shutdowns for integrating the doubled capacity.
Read the full call →

Guidance record · Q1 FY27

what the last two calls moved 9 tracked 1 delivered 3 missed 5 open
  • Trading Revenue delivered said Q4 FY26 Promised: Near to zero Q1 FY27: Management successfully executed on this promise, with trading activity dropping to just 3% of turnover in Q1 FY27, down from 19% in the prior year's corresponding quarter.
  • Maize price change YoY went quiet said Q4 FY26 Promised: Down about 10% YoY Q1 FY27: When asked about maize prices, management expressed confidence in their inventory and procurement strategy to mitigate volatility but did not confirm or update the previous quarter's expectation of a 10% YoY price reduction.
  • FY27 Earnings Outlook on track said Q4 FY26 Promised: Will be provided by end of H1 FY27 Q1 FY27: Management continues to refrain from providing specific guidance (e.g., EBITDA per ton), citing the ongoing transition phase. The original timeline to provide a comprehensive view by the end of H1 FY27 has not yet passed.

All 9 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 18.2%, net profit up 44.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue205 257 259 247 320 +56%323 +26%245 −5%202 −18%
EBITDA31 31 27 24 35 +13%35 +13%33 +22%31 +29%
Net profit13 14 11 9 17 +31%13 −7%17 +55%13 +44%
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 −21.6% 1Y

₹60₹80₹100Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q4 FY26 — 27 May 2026Q1 FY27 — 17 Aug 2026

1Y: ₹106.8 on 10 Sept 2025 → ₹83.71. High ₹107.5 (11 Sept 2025), low ₹58.68 (2 Feb 2026).

How the price took the results

close before → close after

Q1 FY27
+5.2%
17 Aug
Q4 FY26
−5.0%
28 May

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 23.9% a year over 1 year, FY25 to FY26. Operating margin narrowed to 11.2%.

Year endingFY25FY26
Revenue₹916 Cr₹1.1k Cr
Operating profit₹113 Cr₹127 Cr
Operating margin12.3%11.2%
Interest₹38 Cr₹31 Cr
Depreciation₹14 Cr₹16 Cr
Net profit₹47 Cr₹56 Cr
Net margin5.1%4.9%
Cash from operations₹-11 Cr₹70 Cr
Free cash flow₹-139 Cr₹-245 Cr
ROCE16.0%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₹9 Cr₹9 Cr₹10 Cr₹10 Cr₹51 Cr₹51 Cr
Reserves₹50 Cr₹85 Cr₹103 Cr₹125 Cr₹407 Cr₹438 Cr
Borrowings₹109 Cr₹144 Cr₹198 Cr₹362 Cr₹498 Cr₹614 Cr
Other liabilities₹27 Cr₹39 Cr₹61 Cr₹89 Cr₹165 Cr₹233 Cr
Total liabilities₹195 Cr₹277 Cr₹372 Cr₹586 Cr₹1.1k Cr₹1.3k Cr
Fixed assets₹85 Cr₹154 Cr₹183 Cr₹305 Cr₹373 Cr₹370 Cr
Capital work in progress₹23 Cr₹11 Cr₹44 Cr₹40 Cr₹247 Cr₹464 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹2 Cr₹0 Cr₹0 Cr
Other assets₹86 Cr₹112 Cr₹144 Cr₹239 Cr₹501 Cr₹502 Cr
Total assets₹195 Cr₹277 Cr₹372 Cr₹586 Cr₹1.1k Cr₹1.3k 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

Since Sep 2025, the public added +3.17 pp while DIIs trimmed −2.82 pp. The shareholder count shrank 20% to 54,971.

Promoters
71.3%
FIIs
0.3%
DIIs
2.6%
Public
25.8%

Since Sep 2025

  • Public +3.17 pp
  • DIIs −2.82 pp
  • FIIs −1.21 pp

How it drifted, 4 quarters

Over this window the public went from 22.6% to 25.8% — +3.2 pp.

Sep '25Dec '25Jun '26

Ownership split by quarter, oldest first. Sep '25: Promoters 70.5%, FIIs 1.5%, DIIs 5.4%, Public 22.6%.Dec '25: Promoters 70.5%, FIIs 1.2%, DIIs 3.8%, Public 24.6%.Mar '26: Promoters 71.3%, FIIs 0.3%, DIIs 2.8%, Public 25.5%.Jun '26: Promoters 71.3%, FIIs 0.3%, DIIs 2.6%, Public 25.8%.

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 1 holder 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 Regaal Resources Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Shruti Kishore Puria 27.48%unchanged
Anil Kishorepuria 25.39%unchanged
BFL Private Limited 11.82%unchanged
SRM Private Limited 5.48%unchanged
Amit Dhirajlal Thakkar 1.48%newly disclosed
Taurus Flexi Cap Fund Mutual fund1.21%−0.06 pp
Garg Brothers Private Limited 1.02%unchanged
Karan Kishorepuria 0.93%unchanged
Raj Kumar Kishorepuria Huf 0.15%unchanged
Raj Kumar Kishorepuria 0.07%unchanged
Convergence Contact Centre Pvt Ltd 0.00%unchanged
BMW Vyapar Pvt Ltd 0.00%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 ₹84, this stock must grow earnings at 5% every year for 7 years. Our analysis caps realistic growth at ~19%. At that growth it is worth ₹180 — upside of 115%.

Growth the price implies
4.8% a year
for 7 years, fading to 4%
It has actually compounded at
19.1% a year
net profit, FY25–FY26
The gap
-0.1 pp
115% downside if it only repeats history
Price today ₹83.71 Value at the reference growth ₹179.62

Change the assumptions yourself →

All earnings calls (2)

Read the Q1 FY27 call →

Learn to analyse Regaal Resources Limited

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