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Home › Company Intelligence › Madhya Bharat Agro Products Limited (MBAPL)
NSE: MBAPL MID_CAP Diversified REPORTED STATUTORY SOURCE • Data as of FY25 FRESH

Madhya Bharat Agro Products Limited

Units: ₹ Crores • Basis: Statutory Filing (Consolidated/Primary) • Reporting Period: FY25 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR • Last Checked: 14 Oct 2026
FY25 Revenue ₹762 Cr
FY25 Net Profit ₹43.22 Cr
Reported EPS ₹4.93
Operating Margin 8.23%
Return on Equity 7.1%
ROCE 12.3%
Debt / Equity 0.83x
Net Profit Margin 5.67%
WHAT IS HAPPENING NOW • MATERIAL DEVELOPMENTS

Latest Earnings Released (Q1 FY27): Reported quarterly statutory revenue of ₹421.75 Cr with net profit of ₹32.96 Cr (EPS: ₹0.75).

Exchange Disclosure (2026-10-31): Postponement of commercial production/operations —

BUSINESS OVERVIEW & CORPORATE PROFILE

Official listing profile for Madhya Bharat Agro Products Limited under Diversified.

Official listing profile for Madhya Bharat Agro Products Limited under Diversified.

Key Offerings & Operating Lines:

Commercial & Industrial

Headquarters India
Incorporated N/A
Workforce N/A
Statutory Auditor N/A
Credit Rating N/A
SRK FUNDAMENTAL HEALTH SCORE Distressed (34/100)
34 / 100
Algorithmic 5-pillar assessment calibrated against audited SEBI filings and historical balance sheets.
Pillar Score Breakdown
Revenue & Earnings Growth 10 / 20
Profitability & Margins 7 / 20
Solvency & Capital Structure 8 / 20
Cash Flow Quality 2 / 20
Capital Allocation & Valuation 7 / 20
Key Strengths
  • + High net earnings expansion (74.0%)
Key Vigilance Points & Risks
  • − YoY revenue contraction (-6.7%)
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FINANCIAL PERFORMANCE • STATEMENT OF PROFIT & LOSS (IND-AS) Ind-AS • REPORTED EXCHANGE DATA
Multi-Year Revenue & Net Profit Trajectory (₹ Crores • Ind-AS)
₹1k₹1k₹0k₹0k₹0kRevenue: ₹982 CrNet Profit: ₹124 CrFY23Revenue: ₹817 CrNet Profit: ₹25 CrFY24Revenue: ₹762 CrNet Profit: ₹43 CrFY25RevenueNet Profit
Annual Financial Statements (₹ Crores • Ind-AS Normalized) Latest Period End: 31 Dec 2024 • Source: SEBI_LODR_REG33_REPORTED_CYCLE_CR
Annual Metric (₹ Cr)FY23
Mar 2023
FY24
Mar 2024
FY25
Dec 2024
Sales / Revenue from Operations₹982₹817₹762
Operating Expenditure₹772₹720N/A
Operating Profit (EBITDA)₹210₹97₹63
Operating Profit Margin (OPM %)21.36%11.82%8.23%
Other Income₹5.19₹11N/A
Finance Costs / Interest₹16₹26N/A
Depreciation & Amortization₹22₹29N/A
Profit Before Tax (PBT)₹176₹52₹68
Tax Expense₹52₹27N/A
Net Profit (PAT)₹124₹25₹43
Net Profit Margin (NPM %)12.65%3.04%5.67%
Basic / Diluted EPS (₹)₹28.35₹2.84₹4.93
Cash from Operations (CFO)₹-70₹149N/A
Free Cash Flow (FCF)₹-140₹44N/A
Recent Quarterly Performance (₹ Crores • SEBI LODR Reg 33)Latest Quarter End: 30 Jun 2026 • Source: NSE_OFFICIAL_API
Quarterly Metric (₹ Cr)Q1 FY25
Jun 2024
Q2 FY25
Sep 2024
Q3 FY25
Dec 2024
Q1 FY26
Jun 2025
Q2 FY26
Sep 2025
Q3 FY26
Dec 2025
Q4 FY26
Mar 2026
Q1 FY27
Jun 2026
Sales / Revenue₹200₹278₹284₹413₹452₹615₹404₹422
Operating Profit (EBITDA)₹16₹21₹25₹44₹49₹51₹31₹44
OPM %8.17%7.56%8.95%10.69%10.74%8.24%7.59%10.49%
Profit Before Tax (PBT)₹18₹23₹27₹44₹49₹51₹31₹44
Net Profit (PAT)₹11₹14₹18₹28₹30₹32₹60₹33
NPM %5.73%4.97%6.31%6.84%6.74%5.16%14.80%7.82%
Basic / Diluted EPS (₹)₹1.31₹1.58₹2.04₹3.22₹3.48₹3.62₹6.82₹0.75
BALANCE SHEET & CASH FLOW INTELLIGENCE (₹ CRORES • AUDITED) Exchange Reported
Annual Balance Sheet Strength (₹ Crores • Schedule III Ind-AS)
Balance Sheet Item (₹ Cr)FY23FY24FY25
Equity Share Capital₹44₹88N/A
Reserves & Surplus₹285₹263N/A
Net Worth (Shareholders' Funds)₹328₹351N/A
Total Borrowings & Debt₹323₹290N/A
Total Balance Sheet Assets₹743₹804N/A
Cash Flow Statement (₹ Crores • Indirect Method)
Cash Flow Item (₹ Cr)FY23FY24FY25
Cash Flow from Operating Activities (CFO)₹-70₹149N/A
Cash Flow from Investing Activities (CFI)₹-65₹-94N/A
Cash Flow from Financing Activities (CFF)₹141₹-61N/A
Free Cash Flow / Net Cash Flow₹-140₹44N/A
PROFITABILITY, RETURN & SOLVENCY RATIOS Derived from Verified Filings
Financial Ratio / Efficiency MetricFY23FY24FY25
Operating Profit Margin (OPM)21.36%11.82%8.23%
Net Profit Margin (NPM)12.65%3.04%5.67%
Return on Equity (ROE)37.82%7.08%N/A
Return on Capital Employed (ROCE)29.59%12.26%N/A
Return on Assets (ROA)16.72%3.09%N/A
Debt to Equity Ratio0.98x0.83xN/A
Interest Coverage Ratio12.8x3.7xN/A
CFO to Net Profit Conversion-0.56x6.00xN/A
SHAREHOLDING INTELLIGENCE • INSTITUTIONAL FLOWS SEBI LODR Reg 31
HOLDING PATTERN
Promoter: 71.38%
FII: N/A
DII: N/A
Public: 28.62%
Pledged: 0.00%
Quarterly Shareholding Trend & Institutional Inflows
CategorySep 2026Jun 2026Mar 2026Dec 2025Sep 2025QoQ Shift
Promoter Holding71.38%74.76%74.76%74.76%74.63%-3.38%
Foreign Institutional (FII)N/A0.67%N/AN/AN/A—
Domestic Institutional (DII / MFs)N/A0.01%N/AN/AN/A—
Public & Retail28.62%24.57%25.24%25.24%25.37%+4.05%
Promoter Pledged Shares0.00%0.00%0.00%0.00%0.00%—
KEY MANAGEMENT & BOARD GOVERNANCE
EXECUTIVE Appointed: Feb 2009
Mr PANKAJ OSTWAL
Not Applicable & Executive Director

DIN: 02586806 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

EXECUTIVE Appointed: Jun 2021
Mr SOURABH GUPTA
Not Applicable & Executive Director

DIN: 07177647 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Nov 2014
Mr PRAVEEN OSTWAL
Not Applicable & Non-Executive - Non Independent Director

DIN: 00412207 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Sep 2019
Mr MAHENDRA KUMAR OSTWAL
Chairperson related to Promoter & Non-Executive - Non Independent Director

DIN: 00412163 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Sep 2019
Mr PARAS MAL SURANA
Not Applicable & Non-Executive - Independent Director

DIN: 06367348 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Sep 2019
Mr BHERU LAL OSTWAL
Not Applicable & Non-Executive - Independent Director

DIN: 08377262 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Sep 2020
Mrs SHRUTI BABEL
Not Applicable & Non-Executive - Independent Director

DIN: 07667313 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

INDEPENDENT Appointed: Sep 2022
Mr GOPAL INANI
Not Applicable & Non-Executive - Independent Director

DIN: 09642942 | Verified Board Member per SEBI LODR Reg 27 Corporate Governance Filing.

CORPORATE ACTIONS & DIVIDEND TRACK RECORD
Latest Dividend Paid ₹0.50
LTM Total Dividend ₹1.00
Dividends Recorded 5 payouts
Corporate Action Disclosures (Dividends, Bonus & Splits)
TypeEx-DateRecord DateAmount / RatioDescription
SPLIT2026-07-03N/A₹10.00Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share
DIVIDEND2026-06-17N/A₹0.50Dividend - Re 0.50 Per Share
DIVIDEND2025-08-26N/A₹0.50Dividend - Rs 0.50 Per Share
DIVIDEND2024-09-13N/A₹0.50Dividend - Rs 0.50 Per Share
BONUS2023-10-20N/AN/ABonus 1:1
DIVIDEND2023-09-18N/A₹0.50Annual General Meeting/Dividend - Rs 0.50 Per Share
BONUS2022-10-18N/AN/ABonus 1:1
DIVIDEND2022-09-16N/A₹0.50Annual General Meeting/Dividend - Re 0.50 Per Share
REGULATORY FILINGS & EXCHANGE DISCLOSURES
Postponement of commercial production/operations 31 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Postponement of commercial production/operations

CREDIT RATING 08 Oct 2026, 03:19 PM • NSE_OFFICIAL_API
Credit Rating — Madhya Bharat Agro Products Limited has informed the Exchange about Credit Rating

Madhya Bharat Agro Products Limited has informed the Exchange about Credit Rating

Credit Rating 08 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Credit Rating

CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL 07 Oct 2026, 04:53 PM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Madhya Bharat Agro Products Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Madhya Bharat Agro Products Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Certificate under SEBI (Depositories and Participants) Regulatio 07 Oct 2026, 12:00 AM • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

COMMENCEMENT OF COMMERCIAL PRODUCTION/OPERATIONS 28 Sep 2026, 11:53 AM • NSE_OFFICIAL_API
Commencement of commercial production/operations — Madhya Bharat Agro Products Limited has informed the Exchange about Commencement of commercial production/operations

Madhya Bharat Agro Products Limited has informed the Exchange about Commencement of commercial production/operations

ANALYSTS/INSTITUTIONAL INVESTOR MEET/CON. CALL UPDATES 28 Sep 2026, 11:33 AM • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates — Madhya Bharat Agro Products Limited has informed the Exchange about Outcome of the meeting

Madhya Bharat Agro Products Limited has informed the Exchange about Outcome of the meeting

Analysts/Institutional Investor Meet/Con. Call Updates 28 Sep 2026, 12:00 AM • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

UNIFIED CORPORATE CHRONOLOGICAL TIMELINE
2026-10-31 Postponement of commercial production/operations • NSE_OFFICIAL_API
Postponement of commercial production/operations

2026-10-08 Credit Rating • NSE_OFFICIAL_API
Credit Rating

2026-10-08 CREDIT RATING • NSE_OFFICIAL_API
Credit Rating — Madhya Bharat Agro Products Limited has informed the Exchange about Credit Rating

Madhya Bharat Agro Products Limited has informed the Exchange about Credit Rating

2026-10-07 Certificate under SEBI (Depositories and Participants) Regulatio • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-10-07 CERTIFICATE UNDER SEBI (DEPOSITORIES AND PARTICIPANTS) REGUL • NSE_OFFICIAL_API
Certificate under SEBI (Depositories and Participants) Regulations, 2018 — Madhya Bharat Agro Products Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

Madhya Bharat Agro Products Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-09-28 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-28 Commencement of commercial production/operations • NSE_OFFICIAL_API
Commencement of commercial production/operations

2026-09-28 ANALYSTS/INSTITUTIONAL INVESTOR MEET/CON. CALL UPDATES • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates — Madhya Bharat Agro Products Limited has informed the Exchange about Outcome of the meeting

Madhya Bharat Agro Products Limited has informed the Exchange about Outcome of the meeting

2026-09-28 COMMENCEMENT OF COMMERCIAL PRODUCTION/OPERATIONS • NSE_OFFICIAL_API
Commencement of commercial production/operations — Madhya Bharat Agro Products Limited has informed the Exchange about Commencement of commercial production/operations

Madhya Bharat Agro Products Limited has informed the Exchange about Commencement of commercial production/operations

2026-09-24 Trading Window • NSE_OFFICIAL_API
Trading Window

2026-09-24 TRADING WINDOW • NSE_OFFICIAL_API
Trading Window — Madhya Bharat Agro Products Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

Madhya Bharat Agro Products Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015

2026-09-23 Analysts/Institutional Investor Meet/Con. Call Updates • NSE_OFFICIAL_API
Analysts/Institutional Investor Meet/Con. Call Updates

STATUTORY SOURCE PROVENANCE & VERIFICATION AUDIT TRAIL
NSE Official Quote (MBAPL) ↗

Every financial metric, balance-sheet balance, and shareholding breakdown displayed on this dossier is grounded in primary statutory filings submitted to Indian stock exchanges (SEBI LODR Regulations 31, 33, and 47). No data is manufactured, estimated, or interpolated.

Data Domain Reporting Period Statutory Source Ingestion Date Status Provenance Hash
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 04 Nov 2026, 03:51 VERIFIED d272498acb68...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 01 Nov 2026, 07:00 VERIFIED d272498acb68...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 28 Oct 2026, 21:20 VERIFIED 95ef6eb99bf6...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 26 Oct 2026, 11:24 VERIFIED 95ef6eb99bf6...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 22 Oct 2026, 22:45 VERIFIED 95ef6eb99bf6...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 18 Oct 2026, 08:45 VERIFIED 95ef6eb99bf6...
financials_quarterly Q1 FY27 NSE_OFFICIAL_API 14 Oct 2026, 00:47 VERIFIED f1cc1289543f...

DATA SOURCES, STATUTORY DISCLOSURES & METHODOLOGY

All corporate identifiers, listed equity data, shareholding patterns, and financial statements are extracted from official regulatory authorities: National Stock Exchange of India (NSE), BSE Limited, and Ministry of Corporate Affairs (MCA) via audited XBRL Ind-AS submissions under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulations 31, 33, and 47). Data is ingested and archived on official end-of-day (EOD) schedules with immutable provenance tracking.

Zero-Fabrication Policy: SRK Money Talk strictly enforces authentic data integrity. No financial values, debt levels, cash flows, or quarterly earnings are ever mathematically synthesized, interpolated, or fabricated. When statutory disclosures have not yet been filed or ingested, fields are strictly labeled as N/A or NOT_YET_AVAILABLE.

Statutory Disclaimer: The SRK Fundamental Health Score is a quantitative diagnostic algorithm based exclusively on historical audited filings and does not constitute an investment recommendation or financial advisory. Always consult a SEBI-registered investment adviser before making capital allocation decisions.