Nutricircle Ltd (NUTRICIRCLE)

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Nutricircle Ltd (NUTRICIRCLE) · mywealthgrid

About

Nutricircle Ltd operates in Other Food Products within Consumer Staples. The company is a micro-cap with ₹266.51 Cr market cap and quarterly revenue ranging ₹0.72–₹2.12 Cr, with 62.61% promoter ownership and zero institutional investment. After sustained losses through 2023–24, it returned to profitability in Mar 2025 (₹0.78 Cr net profit, 62.6% OPM).

Face value: ₹10

Market cap

₹300 Cr

P/E

2,397.6×

P/B

43.3×

Dividend yield

ROE

4.7%

ROCE

4.2%

Debt / equity

0.16

OPM

1.6%

EPS (TTM)

₹0.1

Book value

₹6.2

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme earnings instability: net profit ranged from −₹0.52 Cr (Mar 2024) to +₹0.78 Cr (Mar 2025); high risk the recent profitability and margin do not sustain
Missing financial data for multiple quarters (revenue unreported Jun 2024, Mar 2024, Jun 2023, Sep 2024) reduces visibility into operational consistency
Zero institutional investors (FII 0%, DII 0%) coupled with extreme 52-week stock range (₹89.8–₹411.4, 4.6× spread) signals highly speculative stock
Micro-scale operations (₹1.25 Cr Mar 2025 revenue) in fragmented food sector; researcher should verify market position and sustainable differentiation

Generated analysis · source review pending

Growth drivers

Operating margin expanded 70 percentage points from −7.54% (Dec 2024) to 62.6% (Mar 2025); if genuine operational fix, margin strength could magnify any revenue growth
Net profit recovered to ₹0.78 Cr (Mar 2025); sustainability depends on whether revenue stabilizes above ₹1.25 Cr base
Peak revenue of ₹2.12 Cr achieved in Dec 2023; return to or exceed that level at 62.6% margins would significantly compound profitability
Promoter stake increased from 58.5% to 62.61% over three months; researcher should verify whether this reflects conviction in operational improvements or speculative positioning

Generated analysis · source review pending

547 historical price candles were omitted because the exchange source has not been verified.

Only one verified price point is available. The trend chart will appear when more exchange closes are stored.

Quick read

rule-based

Pros

+Revenue CAGR of 108.8% over the last 3 years
+High promoter holding of 62.6% with no pledge

Cons

−Low return on equity of 3.4% (3-yr avg)
−Thin operating margin of 1.6%
−Expensive at 2397.6× trailing earnings
−Trading at 43.3× book value

Research score

Structured signal from quality, growth, valuation and momentum.

41/100

Business quality: 23
Growth: 100
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
Eid Parry India LimitedEIDPARRYEIDPARRY	₹12,007 Cr	₹14,861 Cr	₹38,840 Cr	₹3,395 Cr	9%	₹465 Cr	3.6%	20.2%	6.8%	75
Manorama Industries LimitedMANORAMAMANORAMA	₹11,225 Cr	₹11,581 Cr	₹1,481 Cr	₹396 Cr	26.4%	₹257 Cr	16.5%	56%	39.4%	334
Orkla India LimitedORKLAINDIAORKLAINDIA	₹7,360 Cr	₹7,360 Cr	₹2,571 Cr	₹420 Cr	16.7%	₹294 Cr	11.4%	14.6%	11%	37
Krishival Foods LimitedKRISHIVALKRISHIVAL	₹1,010 Cr	₹1,046 Cr	₹332 Cr	₹32 Cr	9.3%	₹22 Cr	7.6%	17%	13.1%	94
Hexagon Nutrition LimitedHEXAGONHEXAGON	₹846 Cr	₹876 Cr	₹383 Cr	₹53 Cr	13.8%	₹38 Cr	9.9%	22.2%	16.3%	179
Apis India LtdAPISAPIS	₹701 Cr	₹763 Cr	₹391 Cr	₹36 Cr	9.2%	₹7 Cr	6.5%	18.9%	13.6%	207
Pajson Agro India LtdPAJSONPAJSON	₹509 Cr	—	₹256 Cr	₹37 Cr	14.3%	₹25 Cr	9.7%	—	—	—
Megastar Foods LimitedMEGASTARMEGASTAR	₹302 Cr	₹433 Cr	₹558 Cr	₹36 Cr	6.6%	₹10 Cr	1.8%	16.4%	9.5%	70
Nutricircle LtdNUTRICIRCLENUTRICIRCLE	₹300 Cr	₹301 Cr	₹3 Cr	₹1 Cr	1.6%	₹0 Cr	1.7%	4.2%	4.7%	18
Chemkart India LtdCHEMKARTCHEMKART	₹292 Cr	—	₹213 Cr	₹29 Cr	13.6%	₹21 Cr	9.8%	—	—	—
Wardwizard Foods and Beverages LtdWARDWIZFBLWARDWIZFBL	₹213 Cr	₹250 Cr	₹93 Cr	₹-6 Cr	3.3%	₹-14 Cr	0.6%	4.3%	1.6%	4
Adon Agro Commodities LtdADONADON	₹207 Cr	—	₹324 Cr	₹34 Cr	10.6%	₹23 Cr	7.2%	—	—	—

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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 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	—	—	—	—	0	0	2	3	3	18
COGS	—	—	—	—	—	0	0	2	3	2	16
Gross profit	—	—	—	—	—	—	0	0	0	1	2
	1	—	—	—	—	0	0	1	1	1	1
	-1	—	—	—	—	-0	-0	-0	-1	0	0
OPM %	-352%	—	—	—	—	—	-124%	-20.5%	-44%	4.1%	1.6%
Depreciation	0	0	—	—	0	0	0	0	0	0	0
Interest	—	—	—	—	—	0	0	0	0	0	0
	—	—	—	—	—	0	0	0	0	0	0
Profit before tax	-1	0	-0	-1	-0	-0	-0	-0	-1	0	0
Tax	—	—	—	—	—	0	0	0	0	0	0
	-1	0	-0	-1	-0	-0	-0	-0	-1	0	0
PAT margin %	-352%	—	—	—	—	—	-120%	-17.4%	-44%	4.4%	1.7%
EPS (₹)	—	—	-7.3	-38.5	-2.3	—	—	-12.7	-46.1	0.4	0.3
EPS adjusted (₹)	—	—	—	—	—	-13.3	-11.1	-12.6	-46.3	0.1	0.3
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	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0	0	0	0	10	11
Reserves	-3	-3	-3	-5	-4	-4
Minority interest	—	—	0	—	—	—
	3	3	4	5	1	1
	0	0	1	0	0	0
Total equity & liabilities	1	1	2	1	7	8
	0	0	0	0	0	0
CWIP	—	—	—	0	0	0
Investments	0	0	0	0	0	0
	1	1	2	1	7	8
Total assets	1	1	2	1	7	8

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	-0	-1	-2	-4	-2
	—	—	-0	0	0	-0
	0	0	1	2	5	1
Net cash flow	—	—	0	-0	1	-1
Free cash flow	—	—	-1	-2	-4	-2
CFO / Operating profit %	—	—	—	—	—	-841.4%

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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 %	—	—	—	0%	11.8%	1.8%	40.4%	8.6%
EBITDA margin %	—	—	—	-124%	-20.5%	-44%	4.1%	1.6%
EBIT margin %	—	—	—	-124%	-20.5%	-44%	4.1%	1.6%
PAT margin %	—	—	—	-120%	-17.4%	-44%	4.4%	1.7%
Working capital
Receivable days	—	—	—	0	129	32	24	16
Inventory days	—	—	—	0	0	26	2	5
Payable days	—	—	—	482	155	41	23	3
NWC days	—	—	—	-482	-26	18	4	18
Leverage
Current ratio	—	—	2	2.02	2.09	4.29	55.83	42.89
Debt to EBITDA	—	—	—	—	—	—	7.27	3.86
Debt to equity	—	—	-1.15	-1.16	-1.27	-1.26	0.14	0.16
Interest coverage	—	—	—	—	—	-123	—	—
Asset turnover	—	—	0	0.29	1.23	1.93	0.4	2.16
Return ratios
Return on assets %	—	—	-50.7%	-35.3%	-21.4%	-85%	1.8%	3.6%
Return on capital employed %	—	—	-97.2%	-75.9%	-55.1%	-124.9%	3.1%	4.2%
Return on equity %	—	—	14.8%	11%	11%	28.9%	2.1%	4.3%

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 2025	Dec 2025	Mar 2026	Jun 2026
	58.5%	58.5%	58.5%	62.61%
FII	0%	0%	0%	0%
DII	0%	0%	0%	0%
	0.04%	0.04%	0.04%	0.04%
	41.46%	41.46%	41.46%	37.35%
No. of shareholders	1,055	1,075	1,083	1,076

Promoter holding up 4.11 percentage points since Sep 2025.

23 deals · 6 Aug 2021 – 17 Sept 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Sept 2024	TALIB ZAFAR	Bulk	BSE	Buy	1,400	₹199.50	₹0.03 Cr
17 Sept 2024	VIVEK KANDA	Bulk	BSE	Sell	1,394	₹199.50	₹0.03 Cr
13 Sept 2024	PURV DIPAKKUMAR PATEL	Bulk	BSE	Sell	1,556	₹211.60	₹0.03 Cr
12 Aug 2024	PURV DIPAKKUMAR PATEL	Bulk	BSE	Buy	1,656	₹262.02	₹0.04 Cr
12 Aug 2024	SESHAGIRI RAO APPASANI	Bulk	BSE	Sell	1,585	₹260.53	₹0.04 Cr
11 Mar 2024	DIVYA KAMALA APPASANI	Bulk	BSE	Sell	2,615	₹226.30	₹0.06 Cr
7 Aug 2023	RAHUL ANANTRAI MEHTA	Bulk	BSE	Sell	7,150	₹195.30	₹0.14 Cr
7 Aug 2023	VIVEK KANDA	Bulk	BSE	Buy	3,130	₹196.32	₹0.06 Cr
7 Aug 2023	SYKES AND RAY EQUITIES (INDIA) LIMITED	Bulk	BSE	Sell	2,421	₹196.35	₹0.05 Cr
7 Aug 2023	KANTA DEVI SAMDARIA	Bulk	BSE	Buy	2,222	₹196.35	₹0.04 Cr

1–10 of 23

1 / 3

Mrs. SUSHAMA ANUJ YADAVNon-Executive - Independent Director-Chairperson-Shareholder Director
Mr. HITESH MOHANLAL PATELExecutive Director-MD
Mr. CHANDRA SHEKER JADHAVExecutive Director
Mr. SANGHAMITRA SARANGINon-Executive - Independent Director-Shareholder Director
Mr. NITIN ARVIND OZANon-Executive - Independent Director-Shareholder Director
Sunil Kumar AgarwalChief Financial Officer
Ms. Aakansha VaidCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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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 Nutricircle 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

Annual reports

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

19 announcementsExport CSV

1 Oct 2026, 4:55 pmAGM/EGM

VOTING RESULT FOR 33RD AGM OF THE COMPANY

AGM PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	0%	11.8%	1.8%	40.4%	8.6%
EBITDA margin %	—	—	—	-124%	-20.5%	-44%	4.1%	1.6%
EBIT margin %	—	—	—	-124%	-20.5%	-44%	4.1%	1.6%
PAT margin %	—	—	—	-120%	-17.4%	-44%	4.4%	1.7%
Working capital
Receivable days	—	—	—	0	129	32	24	16
Inventory days	—	—	—	0	0	26	2	5
Payable days	—	—	—	482	155	41	23	3
NWC days	—	—	—	-482	-26	18	4	18
Leverage
Current ratio	—	—	2	2.02	2.09	4.29	55.83	42.89
Debt to EBITDA	—	—	—	—	—	—	7.27	3.86
Debt to equity	—	—	-1.15	-1.16	-1.27	-1.26	0.14	0.16
Interest coverage	—	—	—	—	—	-123	—	—
Asset turnover	—	—	0	0.29	1.23	1.93	0.4	2.16
Return ratios
Return on assets %	—	—	-50.7%	-35.3%	-21.4%	-85%	1.8%	3.6%
Return on capital employed %	—	—	-97.2%	-75.9%	-55.1%	-124.9%	3.1%	4.2%
Return on equity %	—	—	14.8%	11%	11%	28.9%	2.1%	4.3%

Date	Category	Subject	Filing
1 Oct 2026, 4:55 pm	AGM/EGM AGM	VOTING RESULT FOR 33RD AGM OF THE COMPANY	PDF
1 Oct 2026, 4:47 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
30 Sept 2026, 12:30 pm	AGM/EGM AGM	33RD Annual General Meeting Outcome And Proceedings.	PDF
30 Sept 2026, 12:23 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
7 Sept 2026, 2:32 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
5 Sept 2026, 8:55 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
5 Sept 2026, 12:35 pm	Company Update General	LETTER SENT TO MEMBERS PROVIDING WEBLINK OF THE ANNUAL REPORT FOR THE FINANCIAL YEAR 2025-26.	PDF
5 Sept 2026, 12:27 pm	AGM/EGM AGM	ANNUAL GENERAL MEETING TO BE HELD ON 30/09/2026	PDF

Nutricircle 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

Nutricircle Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

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

Not in the F&O segment

No fund holdings on record

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Ratio timeline

Announcements

Annual reports

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1