Integrated Indian aquaculture company — shrimp feed (Vannastar, Aquaastar), captive farming and frozen-shrimp processing for export markets
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 120 | +4.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 10.8 | +1.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 6.3 | +16.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 11.55 | +1.9 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | -1.18 | +6.2 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 30.53 | +11.6 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Guidance
1 of 1 judged target kept · 6 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q4 FY26 Revenue | similar or slightly greater than last year's Q4 | Q3 FY26 | Achieved. Q4 FY26 revenue grew 25% YoY to ₹117.24 crores, exceeding the guidance of 'similar or slightly greater'. | Achieved |
| Utilization Level | 90% over the next 24 months | Q3 FY26 | Slight improvement in overall capacity utilization mentioned as a driver for FY26 profitability growth. | On Track |
6 of Sharat Industries Limited's 7 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 5 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹126.95 on 24 Oct 2025 → ₹149.99. High ₹175.1 (4 Feb 2026), low ₹125.3 (27 Oct 2025).
Overview
Based on the company's own presentations, annual report and earnings calls.
Sharat Industries Limited runs an integrated shrimp aquaculture value chain founded in 1990, spanning feed manufacturing, farming and processing. Its Nellore (Andhra Pradesh) feed mill and farm supply captive and third-party farmers, while its processing plant converts Vannamei and Black Tiger shrimp into frozen products (IQF, block-frozen, brine-frozen) that are exported to markets including the US, Russia, China and the EU. A hatchery division exists but has been non-operational in recent years.
Segments
close before → close after
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.
Guidance
1 of 1 judged target kept · 6 open · verdicts reflect calls analysed to Q4 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q4 FY26 Revenue | similar or slightly greater than last year's Q4 | Q3 FY26 | Achieved. Q4 FY26 revenue grew 25% YoY to ₹117.24 crores, exceeding the guidance of 'similar or slightly greater'. | Achieved |
| Utilization Level | 90% over the next 24 months | Q3 FY26 | Slight improvement in overall capacity utilization mentioned as a driver for FY26 profitability growth. | On Track |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 7 tracked commitments, with each call’s wording and source.
Call summaries
Sharat Industrie Q4 FY26
Sharat Industries reported a strong FY26 with revenue up 38% to ₹524.7 crores and PAT up 60% to ₹15.90 crores. Q4 revenue also grew 25% YoY despite challenges from the Middle East conflict and rising raw material costs which impacted quarterly profitability. The company is focused on diversification, market expansion (US, EU, China), and innovation, targeting ₹1,000 crores in export revenues by FY27-28.
Read the full callSharat Industrie Q3 FY26
Sharat Industries reported a strong Q3 and nine-month performance for FY26, driven by diversification, disciplined execution, and increased value-added product contribution. The company achieved significant revenue growth and improved margins despite market volatility. Management outlined strategies for continued growth, focusing on market expansion, operational efficiency, and leveraging favorable government policies and trade agreements, while aiming for double-digit EBITDA margins and higher utilization.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 5 fiscal years held (Mar 2022 to Mar 2026).
Financials
Net profit, year on year: +17% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 100 | 96 | 94 | 115 | 150 | 143 | 117 | 120 |
| Expenses | 91 | 89 | 90 | 104 | 138 | 133 | 114 | 107 |
| Operating profit | 9 | 8 | 4 | 11 | 12 | 10 | 3 | 13 |
| Operating margin | 9.2% | 8.1% | 4.4% | 9.8% | 8.0% | 6.7% | 2.8% | 10.8% |
| Other income | 0 | 0 | 1 | 0 | 0 | 2 | 1 | -0 |
| Interest | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 5 | 4 | 1 | 7 | 8 | 7 | 0 | 9 |
| Tax rate | 31.4% | 27.5% | 26.0% | 27.8% | 30.3% | 29.2% | 73.3% | 29.1% |
| Net profit | 4 | 3 | 1 | 5 | 6 | 5 | 0 | 6 |
| EPS (₹ per share) | 0.94 | 0.67 | 0.14 | 1.38 | 1.46 | 1.21 | 0.01 | 1.60 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 333 | 302 | 381 | 525 |
| Expenses | 314 | 281 | 352 | 489 |
| Operating profit | 18 | 21 | 29 | 36 |
| Other income | 3 | 1 | 2 | 3 |
| Interest | 9 | 9 | 11 | 12 |
| Depreciation | 4 | 5 | 5 | 5 |
| Profit before tax | 9 | 8 | 14 | 23 |
| Net profit | 7 | 6 | 10 | 16 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 24 | 24 | 24 | 38 | 39 | 39 |
| Reserves | 46 | 55 | 60 | 99 | 112 | 115 |
| Borrowings | 89 | 89 | 96 | 113 | 120 | 126 |
| Other liabilities | 27 | 30 | 24 | 30 | 43 | 36 |
| Total liabilities | 186 | 198 | 204 | 279 | 315 | 316 |
| Fixed assets | 46 | 49 | 46 | 43 | 41 | 46 |
| Capital work in progress | 3 | 1 | 2 | 2 | 2 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 138 | 147 | 156 | 234 | 272 | 269 |
| Total assets | 186 | 198 | 204 | 279 | 315 | 316 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | -11 | 2 | 17 | -2 | -26 | 1 |
| Cash from investing | -6 | -8 | -6 | -2 | -2 | -9 |
| Cash from financing | 17 | 9 | -7 | -4 | 48 | 3 |
| Net cash flow | 0 | 3 | 4 | -7 | 20 | -5 |
| Free cash flow | -15 | -6 | 11 | -3 | -28 | -5 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 61 | 84 | 62 | 68 | 93 | 70 |
| Inventory days | 122 | 114 | 82 | 106 | 96 | 96 |
| Days payable | 50 | 26 | 24 | 19 | 21 | 18 |
| Cash conversion cycle | 133 | 172 | 120 | 155 | 168 | 148 |
| Working capital days | 39 | 42 | 30 | 47 | 69 | 78 |
| Return on capital employed | 8.0% | 7.0% | 11.0% | 10.0% | 12.0% | 13.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 10.0% | 10.0% | 0.0% |
Ownership
Public hold 53.57% as of Sept 2026; institutions added 0.76 pts since Jun 2026.
since Jun 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 1 off the list — both are in the register beside this.
Named in the Sep 2026 filing
Every holder of Sharat Industries Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 23.10% | unchanged | |
| 18.61% | unchanged | |
| 5.93% | unchanged | |
| 3.23% | unchanged | |
| 3.10% | +1.22 pp | |
| 1.70% | +0.16 pp | |
| 1.65% | −0.15 pp | |
| 1.49% | +0.38 pp | |
| 1.18% | unchanged | |
| 0.07% | unchanged | |
| — | off the list |
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.
Your own record
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