AG Ventures Ltd (AGVENTURES)

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AG Ventures Ltd (AGVENTURES) · mywealthgrid

About

AG Ventures Ltd is a small-cap commodity chemicals company (market cap ₹133.5 Cr) within the Materials sector. Revenue has remained stable at ₹80–105 Cr in recent quarters, but operating margins have collapsed from 34.7% (Mar 2021) to 7.22% currently, signaling severe pressure on costs or pricing. The source and sustainability of this margin compression require verification.

Face value: ₹10

Market cap

₹127 Cr

P/E

25.1×

P/B

0.5×

Dividend yield

5.5%

ROE

1.9%

ROCE

2.3%

Debt / equity

0.1

OPM

7.2%

EPS (TTM)

₹5.1

Book value

₹271.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin fell from 34.7% (Mar 2021) to 7.22% currently; investigate whether cost inflation, pricing pressure, or demand weakness drove the collapse and whether recovery is possible
ROE of 1.89% indicates minimal capital returns; verify whether this reflects cyclical weakness or structural challenges
FII holdings dropped from 0.27% (Mar) to 0.01% (Jun); determine the reason and future trend
Market cap of ₹133.5 Cr constrains scale and capital access; verify liquidity and competitive sustainability in commodity chemicals

Generated analysis · source review pending

Growth drivers

Operating margin of 7.22% vs. historical 34.7% (Mar 2021) suggests significant upside if cost structure improves or pricing environment strengthens; verify current input costs and competitive dynamics
D/E ratio of 0.1 indicates low leverage, providing financial flexibility to invest or pursue strategic initiatives
Consistent dividend payouts (2024, 2023, 2022) despite low 1.89% ROE indicate underlying cash generation; verify whether weak ROE is cyclical
Stable quarterly revenue of ₹80–105 Cr suggests established customer base; verify volume and pricing trajectory in commodity chemicals

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹127.2+4.3%1Y

Quick read

rule-based

Pros

+Dividend yield of 5.5%

Cons

−Low return on equity of 3.5% (3-yr avg)
−Thin operating margin of 7.2%
−Profit declined 42.3% a year over the last 5 years
−Revenue shrank over the last 5 years (-22.1% a year)

Research score

Structured signal from quality, growth, valuation and momentum.

30/100

Business quality: 26
Growth: 0
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	338	349	374	432	387	374	444	536	464	108	107
COGS	113	84	106	130	114	103	165	217	171	59	17
Gross profit	225	265	268	302	272	271	278	318	293	49	90
	—	—	—	177	168	154	191	209	190	36	82
Operating profit (EBITDA)	—	—	—	125	105	116	88	110	103	13	8
OPM %	—	—	—	28.9%	27.1%	31.1%	19.8%	20.5%	22.3%	12.1%	7.2%
Depreciation	—	17	18	20	21	22	24	29	30	4	4
Interest	—	7	9	9	10	7	8	13	11	1	1
	—	7	5	10	9	13	8	3	5	2	4
Profit before tax	—	—	—	106	83	100	63	70	67	18	—
Tax	13	12	17	29	8	17	17	17	17	5	-1
Tax %	—	—	—	27.6%	9.5%	16.8%	27.1%	23.9%	25.5%	29%	—
	46	48	57	77	75	83	46	54	50	13	8
PAT margin %	—	13.8%	15.2%	17.7%	19.3%	22.2%	10.4%	10%	10.7%	12.1%	7%
EPS (₹)	—	—	—	73.5	73.2	79.1	43.1	48.7	46.2	13.1	5.1
EPS adjusted (₹)	48	49.7	55.1	75.1	73.1	78.8	43.1	48.7	46.2	5.6	5.1
	—	—	—	16.3%	13.7%	17.7%	32.5%	28.8%	30.3%	0%	—
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	10	10	10	10	10	10	10	10	10	10	10
Reserves	273	283	—	399	455	—	551	592	627	256	261
Minority interest	—	11	—	10	11	—	18	23	27	29	31
	62	75	—	109	141	—	183	161	133	1	28
	106	75	—	104	80	—	103	100	99	30	27
Total equity & liabilities	451	455	—	631	697	—	865	886	896	327	357
	207	207	328	361	354	342	453	478	465	69	63
CWIP	40	40	—	3	25	—	41	1	1	—	—
Investments	16	20	—	93	17	—	181	225	247	221	185
	189	189	—	174	300	—	190	181	183	37	108
Total assets	451	455	—	631	697	—	865	886	896	327	357

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	69.9%	70.4%	72.4%	62.7%	59.4%	63.2%	45.4%	83.9%
EBITDA margin %	28.9%	27.1%	31.1%	19.8%	20.5%	22.3%	12.1%	7.2%
EBIT margin %	24.2%	21.5%	25.2%	14.3%	15%	15.8%	8.5%	3.4%
PAT margin %	17.7%	19.3%	22.2%	10.4%	10%	10.7%	12.1%	7%
Working capital
Receivable days	75	67	—	71	56	64	19	39
Inventory days	152	134	—	151	118	148	87	304
Payable days	63	60	—	70	44	59	40	107
NWC days	165	142	—	152	130	154	66	235
Leverage
Current ratio	2.24	2.89	—	1.86	2.13	2.21	6.95	4.19
Debt to EBITDA	0.87	1.35	—	2.08	1.46	1.28	0.08	3.63
Debt to equity	0.27	0.3	—	0.33	0.27	0.21	0	0.1
Interest coverage	13.1	9.8	16.4	8.6	6.4	6.9	16	5.1
Asset turnover	0.68	0.55	—	0.51	0.6	0.52	0.33	0.3
Return ratios
Return on assets %	12.1%	10.7%	—	5.3%	6%	5.5%	4%	2.1%
Return on capital employed %	22%	16.7%	—	10.1%	11.5%	10.3%	2.2%	2.3%
Return on equity %	18.7%	16.1%	—	8.2%	8.9%	7.8%	4.9%	2.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.76%	51.76%	51.76%	51.76%	51.76%	51.76%	51.76%	51.76%	51.76%	51.76%	51.76%	51.76%
	0.74%	0.74%	0.69%	0.56%	0.03%	0.02%	0.04%	1.38%	1.26%	1.01%	0.27%	0.01%
	11.75%	11.75%	11.73%	11.05%	5.71%	5.18%	5.09%	5.09%	5.09%	5.08%	5.03%	4.76%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	35.75%	35.75%	35.82%	36.63%	42.5%	43.04%	43.11%	41.77%	41.89%	42.15%	42.94%	43.47%
No. of shareholders	—	—	—	—	—	—	—	—	30,938	29,524	28,447	27,569

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Schemes holding

across 1 fund houses

Held by these funds

2.62%

of the company's equity

All mutual funds

2.67%

shareholding pattern, Jun 2026

Portfolios as of

June 2026

no prior month

1 schemes

		Shares
Large and Mid Cap Fund	HDFC Mutual Fund	2.62 L	3.2	0.01%	2.622%	—

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Withdrawal of Credit Rating by ICRA Limited18 Aug 2025 from ICRA

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

10 announcementsExport CSV

10 Aug 2026, 2:41 pmCompany Update

Intimation Of Appointment Of Company Secretary And Compliance Officer

General PDF

7 Aug 2026, 2:52 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

7 Aug 2026, 2:48 pmBoard Meeting

Board Meeting Outcome for Outcome Of The Board Meeting

Outcome of Board Meeting PDF

7 Aug 2026, 2:45 pmResult

Unaudited Standalone And Consolidated Financial Results

Financial Results PDF

31 Jul 2026, 5:30 pmBoard Meeting

Board Meeting Intimation for Intimation Of The Board Meeting

Exchange filing PDF

24 Jul 2026, 7:05 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

24 Jul 2026, 6:52 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

17 Jul 2026, 6:13 pmCompany Update

Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer

Resignation of Company Secretary / Compliance Officer PDF

Date	Category	Subject	Filing
10 Aug 2026, 2:41 pm	Company Update General	Intimation Of Appointment Of Company Secretary And Compliance Officer	PDF
7 Aug 2026, 2:52 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	69.9%	70.4%	72.4%	62.7%	59.4%	63.2%	45.4%	83.9%
EBITDA margin %	28.9%	27.1%	31.1%	19.8%	20.5%	22.3%	12.1%	7.2%
EBIT margin %	24.2%	21.5%	25.2%	14.3%	15%	15.8%	8.5%	3.4%
PAT margin %	17.7%	19.3%	22.2%	10.4%	10%	10.7%	12.1%	7%
Working capital
Receivable days	75	67	—	71	56	64	19	39
Inventory days	152	134	—	151	118	148	87	304
Payable days	63	60	—	70	44	59	40	107
NWC days	165	142	—	152	130	154	66	235
Leverage
Current ratio	2.24	2.89	—	1.86	2.13	2.21	6.95	4.19
Debt to EBITDA	0.87	1.35	—	2.08	1.46	1.28	0.08	3.63
Debt to equity	0.27	0.3	—	0.33	0.27	0.21	0	0.1
Interest coverage	13.1	9.8	16.4	8.6	6.4	6.9	16	5.1
Asset turnover	0.68	0.55	—	0.51	0.6	0.52	0.33	0.3
Return ratios
Return on assets %	12.1%	10.7%	—	5.3%	6%	5.5%	4%	2.1%
Return on capital employed %	22%	16.7%	—	10.1%	11.5%	10.3%	2.2%	2.3%
Return on equity %	18.7%	16.1%	—	8.2%	8.9%	7.8%	4.9%	2.8%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Deepak Fertilizers And Petrochemicals Corporation LimitedDEEPAKFERTDEEPAKFERT	₹16,417 Cr	₹21,903 Cr	₹12,104 Cr	₹2,016 Cr	14.6%	₹984 Cr	6.4%	12.6%	11.3%	55
Tata Chemicals LimitedTATACHEMTATACHEM	₹15,487 Cr	₹23,488 Cr	₹15,120 Cr	₹1,711 Cr	12.4%	₹-2,165 Cr	-11.8%	2.9%	-8.9%	113
Gujarat Narmada Valley Fertilizers And Chemicals LimitedGNFCGNFC	₹8,655 Cr	₹8,655 Cr	₹8,410 Cr	₹1,241 Cr	11.3%	₹1,037 Cr	10.4%	10.6%	9.1%	81
TANFAC Industries LtdTANFACINDTANFACIND	₹6,909 Cr	₹7,002 Cr	₹711 Cr	₹112 Cr	15.8%	₹70 Cr	9.9%	27.7%	20.5%	112
Gujarat Alkalies And Chemicals LimitedGUJALKALIGUJALKALI	₹4,430 Cr	₹4,998 Cr	₹4,498 Cr	₹510 Cr	9.3%	₹66 Cr	-0.1%	1.6%	-0%	25
Grauer & Weil India LimitedGRAUWEILGRAUWEIL	₹3,709 Cr	₹3,717 Cr	₹1,134 Cr	₹188 Cr	16.6%	₹69 Cr	13.9%	23%	18%	72
Ghcl LimitedGHCLGHCL	₹3,700 Cr	₹3,762 Cr	₹3,064 Cr	₹689 Cr	22.5%	₹472 Cr	15.4%	17%	13.4%	126
J.g.chemicals LimitedJGCHEMJGCHEM	₹2,392 Cr	₹2,399 Cr	₹1,071 Cr	₹96 Cr	8.4%	₹75 Cr	7.1%	18.2%	13.3%	101
Thirumalai Chemicals LimitedTIRUMALCHMTIRUMALCHM	₹1,764 Cr	₹3,857 Cr	₹1,832 Cr	₹20 Cr	-2%	₹-152 Cr	-9.7%	-3.3%	-12.3%	14
Ig Petrochemicals LimitedIGPLIGPL	₹1,754 Cr	₹2,110 Cr	₹2,073 Cr	₹207 Cr	4.9%	₹82 Cr	0.1%	3.2%	0.2%	23
Indo Borax & Chemicals LimitedINDOBORAXINDOBORAX	₹1,507 Cr	₹1,507 Cr	₹232 Cr	₹52 Cr	20.5%	₹56 Cr	23.3%	15.5%	15.1%	110
Innovassynth Technologies (India) LtdINOVSYNTHINOVSYNTH	₹1,462 Cr	₹1,466 Cr	₹0 Cr	₹-0 Cr	—	₹-5 Cr	—	-1.1%	-12%	—

4 deals · 15 Jul 2024 – 15 Jul 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
15 Jul 2024	LIESHA CORPORATION PRIVATE LIMITED .	Bulk	BSE	Buy	67,361	₹300.79	₹2.03 Cr
15 Jul 2024	SETU SECURITIES PVT. LTD.	Bulk	BSE	Sell	52,690	₹300.90	₹1.59 Cr
15 Jul 2024	SETU SECURITIES PVT. LTD.	Bulk	BSE	Buy	38,485	₹300.86	₹1.16 Cr
15 Jul 2024	LIESHA CORPORATION PRIVATE LIMITED .	Bulk	BSE	Sell	24,361	₹300.36	₹0.73 Cr

1–4 of 4

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	70	82	94	93	115	91	61	105	97	8	-6
	-40	-82	-74	-49	-85	-129	-41	-54	-43	12	-20
	-38	-2	-12	-50	-10	16	-21	-52	-54	-18	24
Net cash flow	-9	-2	8	-6	20	-21	-0	-1	1	2	—
Free cash flow	17	82	—	70	64	—	6	83	76	2	-6
CFO / Operating profit %	—	—	—	74.8%	109.4%	78.4%	69.7%	95.8%	94%	61.7%	-78.6%

AG Ventures Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Not in the F&O segment

34

1

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

AG Ventures Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Dividends34

Board meetings1

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

34

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