Ambar Protein Industries Ltd (AMBARPIL)

About

Ambar Protein Industries operates in edible oil within the consumer staples sector, with a market cap of ₹132.47 Cr and strong promoter ownership at 73.76%. The company competes in a commoditized agricultural food segment where operating margins at 3.74% reflect a low-spread, high-volume business model. As a small-cap with zero institutional investor presence (FII/DII 0%), it operates outside mainstream analyst coverage.

Face value: ₹10

Market cap

₹111 Cr

P/E

32.2×

P/B

2.7×

Dividend yield

0%

ROE

18.4%

ROCE

28%

Debt / equity

0.62

OPM

2.4%

EPS (TTM)

₹6.0

Book value

₹72.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margins thin (3.74%) and volatile (historical range 0.98–4.7%); direct commodity price exposure leaves limited resilience to edible oil or oilseed cost shocks

PE of 38.42 is elevated for a low-margin business with recurring quarterly losses (Dec 2020, Jun 2019, Mar 2020); disconnect suggests market pricing in growth not yet evident

Zero institutional holdings (FII/DII 0%) signal limited analyst coverage and potential liquidity constraints typical of neglected small-caps

Stock return of -19.79% over 1 year contrasts sharply with reported ROE of 32.27%; verify whether accounting returns are sustainable or driven by leverage amplification

Generated analysis · source review pending

Growth drivers

ROE of 32.27% suggests capital-efficient operations; verify sustainability through commodity cycles and whether driven by operational excellence versus leverage amplification

D/E of 0.75 indicates unused debt capacity for growth capex; check management's expansion plans and whether commodity-cycle working-capital swings constrain headroom

Edible oil market exposure in growing Indian consumer staples; verify company's cost position, supply-chain control, and competitive strategy versus larger packaged-oil brands

Recent results filing (2026-08-14) may contain guidance on new products, channels, or capex; review for concrete near-term drivers beyond commodity cycles

Generated analysis · source review pending

1,080 historical price candles were omitted because the exchange source has not been verified.

₹195.0-5.1%1Y

Quick read

rule-based

Pros

+Strong return on equity of 21.4% (3-yr avg)
+High return on capital employed of 33%
+Profit CAGR of 15.3% over the last 5 years
+High promoter holding of 73.8% with no pledge

Cons

−Thin operating margin of 2.4%
−Modest revenue growth of 9.8% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

56/100

Business quality: 46
Growth: 67
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.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Patanjali Foods LimitedPATANJALIPATANJALI	₹38,644 Cr	₹41,427 Cr	₹42,776 Cr	₹1,975 Cr	4.4%	₹1,970 Cr	4.5%	13.7%	14.8%	74
Awl Agri Business LimitedAWLAWL	₹22,801 Cr	₹23,619 Cr	₹77,720 Cr	₹2,458 Cr	2.9%	₹1,156 Cr	1.4%	18.2%	10.5%	40
Gokul Agro Resources LimitedGOKULAGROGOKULAGRO	₹6,200 Cr	₹6,771 Cr	₹24,435 Cr	₹747 Cr	2.8%	₹421 Cr	1.5%	40.8%	30.1%	4
CIAN Agro Industries & Infrastructure LtdCIANAGROCIANAGRO	₹2,844 Cr	₹4,043 Cr	₹2,234 Cr	₹476 Cr	21.3%	₹223 Cr	10%	13.4%	10.8%	116
Sundrop Brands LimitedSUNDROPSUNDROP	₹2,839 Cr	₹2,839 Cr	₹1,605 Cr	₹70 Cr	3.8%	₹29 Cr	1.3%	1.8%	1.4%	39
Shri Venkatesh Refineries LtdSVRLSVRL	₹1,501 Cr	—	₹1,378 Cr	₹73 Cr	5.3%	₹38 Cr	2.8%	—	—	—
Gokul Refoils And Solvent LimitedGOKULGOKUL	₹383 Cr	₹765 Cr	₹4,211 Cr	₹39 Cr	0.9%	₹21 Cr	0.5%	15.7%	5.2%	23
Kriti Nutrients LimitedKRITINUTKRITINUT	₹333 Cr	₹341 Cr	₹940 Cr	₹44 Cr	4.7%	₹33 Cr	3.7%	20.1%	15.4%	20
Halder Venture LimitedHALDERHALDER	₹289 Cr	₹649 Cr	₹646 Cr	₹28 Cr	4.3%	₹29 Cr	4.9%	34.5%	24.2%	229
Vijay Solvex LtdVIJSOLXVIJSOLX	₹199 Cr	₹209 Cr	₹1,829 Cr	₹4 Cr	0.2%	₹3 Cr	0.2%	1.4%	0.9%	14
Prime Industries LtdPRIMINDPRIMIND	₹195 Cr	₹234 Cr	₹0 Cr	₹0 Cr	-2.9%	₹1 Cr	16.2%	6.9%	3.3%	36
Ajanta Soya LtdAJANTSOYAJANTSOY	₹173 Cr	₹181 Cr	₹931 Cr	₹37 Cr	0.9%	₹25 Cr	0.6%	9.3%	5.1%	29

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Financials

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

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	195	206	230	284	313	340	345	337	422	501
COGS	-178	-142	-212	-265	299	322	328	318	395	478
Gross profit	—	—	—	—	14	18	17	19	26	23
	371	345	439	543	7	9	9	12	10	11
	2	3	4	6	7	9	7	7	16	12
OPM %	1.2%	1.5%	1.7%	2.1%	2.4%	2.7%	2.1%	2.2%	3.7%	2.4%
Depreciation	0	—	—	1	1	1	1	1	1	1
Interest	1	1	1	3	3	3	3	2	2	2
	1	1	0	0	0	1	1	1	1	1
Profit before tax	3	3	3	3	4	6	4	4	13	9
Tax	1	1	1	2	1	1	1	1	3	2
Tax %	32%	26.2%	28.3%	54.4%	13.3%	24.7%	29%	23.5%	25.9%	25.1%
	2	2	2	1	3	4	3	3	10	7
PAT margin %	0.9%	1.1%	0.9%	0.4%	1.1%	1.3%	0.8%	0.9%	2.3%	1.4%
EPS (₹)	3	3.7	3.5	2.2	6	—	—	—	—	12.2
EPS adjusted (₹)	—	—	—	2.2	6	7.7	4.9	5.5	16.8	12.2
Annual report	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	—

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	6	6	6	6	6	6	6
Reserves	—	9	13	16	19	29	36
	—	27	33	29	26	26	26
	—	8	12	11	11	10	14
Total equity & liabilities	—	50	64	62	61	71	82
	22	21	21	20	19	18	18
CWIP	—	0	0	0	0	1	1
Investments	—	0	0	0	0	0	0
	—	29	44	42	42	51	63
Total assets	—	50	64	62	61	71	82

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Ratios

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

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	4.4%	5.4%	4.8%	5.7%	6.2%	4.5%
EBITDA margin %	1.7%	2.1%	2.4%	2.7%	2.1%	2.2%	3.7%	2.4%
EBIT margin %	1.7%	1.7%	2%	2.4%	1.7%	1.8%	3.4%	2.1%
PAT margin %	0.9%	0.4%	1.1%	1.3%	0.8%	0.9%	2.3%	1.4%
Working capital
Receivable days	—	—	4	10	15	15	18	7
Inventory days	—	—	21	30	22	23	19	30
Payable days	—	—	4	8	7	8	3	7
NWC days	—	—	21	32	30	30	33	30
Leverage
Current ratio	—	—	1	1.11	1.15	1.21	1.45	1.57
Debt to EBITDA	—	—	3.71	3.53	4.03	3.45	1.65	2.16
Debt to equity	—	—	1.86	1.71	1.34	1.02	0.75	0.62
Interest coverage	3.4	2	2.5	3.2	2.6	2.7	6.7	5.6
Asset turnover	—	—	6.24	5.3	5.54	5.49	5.98	6.1
Return ratios
Return on assets %	—	—	6.9%	6.9%	4.5%	5.1%	13.7%	8.6%
Return on capital employed %	—	—	30.6%	36.9%	25.1%	24.1%	47%	28%
Return on equity %	—	—	23.5%	23.3%	12.8%	12.6%	27.8%	16.8%

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
	70.46%	70.46%	70.73%	70.99%	71.35%	71.35%	71.35%	71.35%	71.48%	72.07%	72.69%	73.76%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	29.54%	29.54%	29.27%	29.01%	28.65%	28.65%	28.65%	28.65%	28.52%	27.93%	27.31%	26.24%
No. of shareholders	—	—	—	—	—	—	—	—	3,177	3,068	3,051	3,031

Promoter holding up 3.3 percentage points since Sep 2023.

Mr. GANGARAM BHANJIBHAI PATELNon-Executive - Independent Director-Chairperson
Mr. JAYPRAKASHBHAI JAIRAMBHAI VACHHANIExecutive Director
Mr. KHETANI PRADEEP KUMAR CHUNILALExecutive Director
Mr. BHARAT PATEL DASRATHBHAINon-Executive - Non Independent Director
Mr. DASRATHBHAI PATEL ASHABHAINon-Executive - Non Independent Director
Mr. SHIRISHKUMAR PATEL DASHRATHBHAINon-Executive - Non Independent Director
Mrs. VACHHANI JAYPRAKASH SHOBHANANon-Executive - Non Independent Director
Mr. NAROTTAM CHATURDAS TANNANon-Executive - Independent Director
Mr. YOGEN PRANJIVANDAS PATELNon-Executive - Independent Director
Dhirajkumar M PanchalC.F.O.
Mehul A Mehta

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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.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Ambar Protein Industries Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

30

Annual reports

11

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

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Events

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

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

4 announcementsExport CSV

30 Sept 2026, 6:15 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

30 Sept 2026, 12:28 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

17 Sept 2026, 3:30 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 1:07 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
30 Sept 2026, 6:15 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 12:28 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM

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Ambar Protein Industries 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

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1	-3	6	7	2	3
	-0	-0	0	-0	-0	-1
	-2	2	-6	-7	-2	-2
Net cash flow	-1	-0	0	-0	0	0
Free cash flow	0	-3	5	6	1	1
CFO / Operating profit %	15%	-27.3%	85%	94.3%	13.8%	24.7%

Ambar Protein Industries 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

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Board meetings1

Quarterly record

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1