Oswal Agro Mills Limited (OSWALAGRO)

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Oswal Agro Mills Limited (OSWALAGRO) · mywealthgrid

About

Oswal Agro Mills is a publicly traded Trading & Distributors company in the Industrials sector, with a market cap of ₹507.54 Cr. Recent quarterly results (Sep 2025–Jun 2026) show minimal revenue (₹0–₹0.02 Cr), raising questions about current operational status. The stock has fallen 50% in the past year.

Face value: ₹10

Market cap

₹444 Cr

P/E

—

P/B

0.5×

Dividend yield

ROE

-2.4%

ROCE

Debt / equity

OPM

3.4%

EPS (TTM)

₹-2.6

Book value

₹66.8

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Revenue near-zero across all eight recent quarters (₹0–₹0.02 Cr)—verify whether this reflects temporary operational disruption or permanent contraction of the trading business
Extreme earnings volatility (net profit swinging ₹-45.61 Cr to +₹5.13 Cr) on essentially zero revenue raises questions about earnings quality and operational stability
Stock down 50% over one year (1y return -50.32%)—verify whether this reflects known business restructuring or unexplained loss of market confidence
Negative ROE of -2.38% despite zero debt (D/E = 0)—suggests capital is not generating returns

Generated analysis · source review pending

Growth drivers

Return to revenue generation from Trading & Distributors: current ₹0–₹0.02 Cr/quarter is baseline; verify what caused operational shutdown and recovery plan
Earnings stabilization: currently swinging ₹-45.61 Cr to +₹5.13 Cr/quarter despite zero revenue; consistent positive earnings would restore investor confidence
Capital deployment efficiency: D/E = 0 means any generated profits or capital raised flow directly to shareholders; verify management's allocation strategy and operational restart plans

Generated analysis · source review pending

2,421 historical price candles were omitted because the exchange source has not been verified.

₹33.4-4.3%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 187.4×

Cons

−Low return on equity of 3.6% (3-yr avg)
−Thin operating margin of 3.4%
−Revenue shrank over the last 5 years (-8% a year)

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 40
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.

Screen this industry Compare top 5 side-by-side

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Bn Agrochem LimitedBNAGROCHEMBNAGROCHEM	₹2,228 Cr	₹2,310 Cr	₹299 Cr	₹-37 Cr	-12.5%	₹20 Cr	6.6%	12%	8.5%	130
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The State Trading Corporation Of India LimitedSTCINDIASTCINDIA	₹636 Cr	₹1,811 Cr	₹0 Cr	₹-46 Cr	—	₹21 Cr	—	—	—	—
SMT Engineering LtdSMTELSMTEL	₹598 Cr	₹679 Cr	₹162 Cr	₹41 Cr	25%	₹23 Cr	14.2%	33.2%	25.2%	395
Bijoy Hans LtdARVAYAARVAYA	₹576 Cr	₹579 Cr	₹0 Cr	₹-1 Cr	—	₹0 Cr	—	-3.9%	-3.9%	—
Riddhi Siddhi Gluco Biols LtdRIDDHIRIDDHI	₹505 Cr	₹787 Cr	₹236 Cr	₹-12 Cr	-5.2%	₹61 Cr	-5.2%	2.8%	-0.8%	65

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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 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	15	29	11	28	2	162	19
COGS	14	29	11	28	0	14	2
Gross profit	0	0	0	0	—	148	17
	-9	-7	-7	-5	5	10	47
	9	7	7	5	-3	138	-30
OPM %	65%	24.2%	67.3%	18.1%	-186.6%	85.4%	-155.7%
Depreciation	0	0	0	0	0	0	0
Interest	0	0	0	0	0	0	0
	26	22	13	26	11	12	13
Profit before tax	35	29	20	31	7	150	-18
Tax	3	6	1	7	2	37	4
Tax %	7.3%	19.7%	2.7%	21.8%	32%	24.6%	24.2%
	32	23	19	24	5	113	-22
PAT margin %	221.7%	79.3%	173.2%	85.4%	244.4%	69.8%	-114.4%
EPS (₹)	2.4	1.7	1.4	1.8	0.3	8.4	-3.3
EPS adjusted (₹)	2.4	1.7	1.4	1.8	0.3	8.4	-1.6
Annual report	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 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	134	134	134	134	134	134	134	134	134	134	134
Reserves	514	547	574	600	—	655	674	699	703	817	763
Minority interest	—	—	—	—	—	0	—	0	—	0	0
	—	—	—	—	—	0	0	0	0	0	0
	17	7	4	3	—	10	5	5	5	11	5
Total equity & liabilities	665	689	713	737	—	799	814	838	843	962	902
	5	5	5	5	5	5	5	5	4	4	4
CWIP	—	—	—	—	—	0	0	0	0	0	0
Investments	400	490	515	486	—	453	469	555	32	620	559
	260	194	193	246	33	341	340	279	806	338	339
Total assets	665	689	713	737	38	799	814	838	843	962	902

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Real Estate	19.05	13.2	95.74	0.24	95.5	13.82
Investment Activities	18.35	12.5

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	2%	1%	1%	0.2%	—	91.5%	90.4%
EBITDA margin %	-109.1%	-36.6%	-81.4%	-33.7%	-337.4%	82.9%	3.4%
EBIT margin %	-111.6%	-37.8%	-84.7%	-35.1%	-356.7%	82.7%	2.2%
PAT margin %	221.7%	79.3%	173.2%	85.4%	244.4%	69.8%	-114.4%
Working capital
Receivable days	—	292	8	74	0	0	0
Inventory days	—	818	2,171	849	2,895	1,700	12,323
Payable days	—	34	0	0	0	0	0
NWC days	—	1,076	2,179	923	2,895	1,700	12,323
Leverage
Current ratio	—	27.27	71.85	57.1	38.45	18.12	52.76
Debt to EBITDA	—	—	—	—	—	0	0
Debt to equity	—	0	0	0	0	0	0
Interest coverage	106.8	139.6	33.3	146.8	36.8	1,456.8	187.4
Asset turnover	0.38	0.04	0.01	0.03	0	0.17	0.02
Return ratios
Return on assets %	85.3%	2.9%	2.3%	2.8%	0.5%	11.7%	-2.4%
Return on capital employed %	—	1.4%	0.4%	2%	0.5%	16.3%	2%
Return on equity %	—	2.9%	2.4%	2.9%	0.5%	11.9%	-2.5%

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
	41.91%	41.91%	41.91%	41.91%	41.91%	41.91%	46.89%	46.89%	51.88%	51.88%	51.88%	51.88%
	0%	0%	0%	0%	0.01%	0%	0.02%	0.1%	0%	0%	0.03%	0%
	0.5%	0.42%	0.43%	0.33%	0.18%	0.18%	0.18%	0.14%	0.11%	0.11%	0.09%	0.11%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	57.59%	57.67%	57.66%	57.76%	57.9%	57.91%	52.91%	52.87%	48.01%	48.01%	48%	48.01%
No. of shareholders	—	—	—	—	—	—	—	—	1,87,112	1,86,172	1,85,221	1,84,489

Promoter holding up 9.97 percentage points since Sep 2023.

17 deals · 5 Sept 2024 – 22 Aug 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
22 Aug 2025	OSWAL GREENTECH LIMITED	Bulk	BSE	Buy	66,99,000	₹76.00	₹50.91 Cr
22 Aug 2025	OSWAL GREENTECH LIMITED	Block	BSE	Buy	33,70,782	₹76.00	₹25.62 Cr
22 Aug 2025	ALLIANCE TECHNO PROJECTS LIMITED	Block	BSE	Sell	33,70,782	₹76.00	₹25.62 Cr
22 Aug 2025	ALLIANCE TECHNO PROJECTS LIMITED	Bulk	BSE	Sell	33,70,782	₹76.00	₹25.62 Cr
22 Aug 2025	TUSHAR HOLDINGS LIMITED	Bulk	BSE	Sell	33,28,218	₹76.00	₹25.29 Cr
22 Aug 2025	OSWAL GREENTECH LIMITED	Block	BSE	Buy	33,28,218	₹76.00	₹25.29 Cr
22 Aug 2025	TUSHAR HOLDINGS LIMITED	Block	BSE	Sell	33,28,218	₹76.00	₹25.29 Cr
4 Feb 2025	OSWAL GREENTECH LIMITED	Bulk	BSE	Buy	66,82,109	₹69.00	₹46.11 Cr
4 Feb 2025	JALAVEG INVESTMENT AND TRADING COMPANY LIMITED	Bulk	BSE	Sell	34,47,309	₹69.00	₹23.79 Cr
4 Feb 2025	DENVER TRADING COMPANY PRIVATE LIMITED	Bulk	BSE	Sell	13,41,327	₹69.00	₹9.26 Cr

1–10 of 17

1 / 2

Mrs. Aruna OswalNon-Executive - Non Independent Director-Chairperson
Mr. Shael OswalNon-Executive - Non Independent Director
Mr. Vimal BhatnagarNon-Executive - Independent Director
Mr. Babu Ram SomaniNon-Executive - Independent Director
Ms. Prerna SinghNon-Executive - Independent Director
Mr. Rahul KhadriyaNon - Executive Independent Director
Mr. Vikas R SharmaChief Financial Officer
Mrs. Srishti AgarwalCompany 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 Oswal Agro Mills Limited. 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

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Events

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

1

Board meeting to consider results7 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

37 announcementsExport CSV

1 Oct 2026, 8:04 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	2%	1%	1%	0.2%	—	91.5%	90.4%
EBITDA margin %	-109.1%	-36.6%	-81.4%	-33.7%	-337.4%	82.9%	3.4%
EBIT margin %	-111.6%	-37.8%	-84.7%	-35.1%	-356.7%	82.7%	2.2%
PAT margin %	221.7%	79.3%	173.2%	85.4%	244.4%	69.8%	-114.4%
Working capital
Receivable days	—	292	8	74	0	0	0
Inventory days	—	818	2,171	849	2,895	1,700	12,323
Payable days	—	34	0	0	0	0	0
NWC days	—	1,076	2,179	923	2,895	1,700	12,323
Leverage
Current ratio	—	27.27	71.85	57.1	38.45	18.12	52.76
Debt to EBITDA	—	—	—	—	—	0	0
Debt to equity	—	0	0	0	0	0	0
Interest coverage	106.8	139.6	33.3	146.8	36.8	1,456.8	187.4
Asset turnover	0.38	0.04	0.01	0.03	0	0.17	0.02
Return ratios
Return on assets %	85.3%	2.9%	2.3%	2.8%	0.5%	11.7%	-2.4%
Return on capital employed %	—	1.4%	0.4%	2%	0.5%	16.3%	2%
Return on equity %	—	2.9%	2.4%	2.9%	0.5%	11.9%	-2.5%

Date	Category	Subject	Filing
1 Oct 2026, 8:04 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
29 Sept 2026, 4:09 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
29 Sept 2026, 3:59 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
8 Sept 2026, 1:45 pm	AGM/EGM Postal Ballot	Oswal Agro Mills Ltd - 500317 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report	PDF
5 Sept 2026, 12:46 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
4 Sept 2026, 3:33 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF
4 Sept 2026, 3:20 pm	AGM/EGM AGM	Notice Of 46Th Annual General Meeting	PDF
24 Aug 2026, 8:15 pm	Company Update Appointment of Statutory Auditor/s	Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-111	161	-32	11	-28	-63	7	-16	-82	56	51
	101	-145	23	-12	60	32	180	-138	51	-40	-2
	6	-6	-0	0	-0	-0	-0	-0	-0	-0	0
Net cash flow	-5	10	-9	-1	32	-31	186	-154	-31	16	49
Free cash flow	-111	161	-32	10	-28	-64	6	-16	-82	56	51
CFO / Operating profit %	—	—	—	—	—	—	—	—	—	41.7%	—

Oswal Agro Mills Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Segment results

Compounded sales growth

Return on equity

Investment · revenue

Oswal Agro Mills Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

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

Events

Board meetings1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Board meetings1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Investment · revenue

1

1