Ovobel Foods Ltd (OVOBELE)

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Ovobel Foods Ltd (OVOBELE) · mywealthgrid

About

Ovobel Foods operates in meat products and poultry within the Consumer Staples sector, with a market cap of ₹213 Cr and quarterly revenue of ₹45–51 Cr. The company underwent significant operational restructuring over 18 months, recovering from 27.4% operating margins in mid-2023, through loss-making quarters in 2024, to 15.19% margins by March 2025.

Face value: ₹10

Market cap

₹247 Cr

P/E

27.3×

P/B

2.2×

Dividend yield

ROE

24.9%

ROCE

34.5%

Debt / equity

0.26

OPM

10.5%

EPS (TTM)

₹9.5

Book value

₹115.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin volatility (27.4% OPM Jun 2023 → -10.98% Mar 2024 → 15.19% Mar 2025) — verify root causes (input costs, pricing, efficiency) and sustainability of recovery

Profitability erratic: losses ₹1.79 Cr (Mar 2024) and ₹1.15 Cr (Dec 2024); EPS swung ₹11.14 to ₹-1.88 to ₹0 — earnings forecasting unreliable

High D/E 1.35 with volatile earnings; net profit ₹5.85 Cr (Mar 2025) lags Jun 2023 peak ₹10.58 Cr at similar ~₹49 Cr revenue — verify if debt service constrains profit

Exposure to input-cost and competitive pressures in poultry/meat — verify hedging strategies and pricing power

Generated analysis · source review pending

Growth drivers

Margin recovery to 15.19% OPM (Mar 2025) from -10.98% (Mar 2024) can drive profit growth without volume expansion

Revenue base sustained at ₹45–51 Cr across margin cycle signals demand resilience; verify if growth upside exists in volume or pricing

1y stock return 80.38% reflects confidence in turnaround; validate if recent profitability (₹5.85 Cr Mar 2025) justifies valuations

Meat and poultry in growing Consumer Staples category; verify if Ovobel gained market share during recovery vs. steady competitive state

Generated analysis · source review pending

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

₹260.0-1.2%1Y

Quick read

rule-based

Pros

+Strong return on equity of 20.8% (3-yr avg)
+High return on capital employed of 29%
+Revenue CAGR of 18.3% over the last 5 years
+Comfortable interest coverage of 18.9×
+High promoter holding of 69.7% with no pledge

Cons

−Profit declined 14.4% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

55/100

Business quality: 77
Growth: 40
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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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
	106	75	84	97	109	111	125	221	175	189	257
COGS	—	—	-72	-79	-88	90	99	139	120	142	186
Gross profit	—	—	—	—	—	20	26	83	54	46	70
	107	82	164	181	199	27	27	32	33	38	43
	-1	-6	-9	-5	-2	-7	-0	51	21	9	27
OPM %	-1.2%	-8.4%	-10.6%	-4.7%	-2%	-5.9%	-0.2%	23.1%	12.1%	4.5%	10.5%
Depreciation	—	1	1	1	1	1	1	1	1	2	5
Interest	2	1	1	1	1	1	1	1	1	2	2
	9	5	16	15	8	6	2	3	5	7	13
Profit before tax	6	-3	5	8	4	-3	0	53	24	12	34
Tax	—	—	—	—	1	-1	0	14	6	3	9
Tax %	—	—	—	—	32.7%	-29.8%	91.7%	26.2%	25.1%	26.9%	27.6%
	4	-4	5	6	3	-2	0	39	18	9	24
PAT margin %	4%	-5%	5.4%	5.8%	2.4%	-1.6%	0%	17.5%	10.2%	4.8%	9.5%
EPS (₹)	4	-3.6	7.1	5.4	1.5	-1.7	0	40.9	18.8	9.5	25.6
EPS adjusted (₹)	—	-3.6	4.3	—	—	-1.7	0	40.9	18.8	9.5	25.6
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 2017	Mar 2018	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	11	11	11	10	10	10	10	10
Reserves	3	-0	10	11	49	67	76	101
	14	13	16	27	29	19	27	28
	31	28	7	9	13	7	15	31
Total equity & liabilities	59	51	44	56	100	103	128	169
	3	5	3	3	3	13	28	31
CWIP	—	—	—	—	0	0	3	1
Investments	0	0	0	0	9	9	0	35
	57	46	40	53	89	81	97	101
Total assets	59	51	44	56	100	103	128	169

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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 %	—	—	18.4%	21.2%	37.4%	31.1%	24.5%	27.5%
EBITDA margin %	-4.7%	-2%	-5.9%	-0.2%	23.1%	12.1%	4.5%	10.5%
EBIT margin %	-5.7%	-3%	-6.7%	-1%	22.8%	11.5%	3.4%	8.7%
PAT margin %	5.8%	2.4%	-1.6%	0%	17.5%	10.2%	4.8%	9.5%
Working capital
Receivable days	—	—	31	34	29	17	21	21
Inventory days	—	—	50	66	48	76	84	74
Payable days	—	—	12	11	7	5	9	6
NWC days	—	—	69	89	70	88	95	89
Leverage
Current ratio	—	—	1.77	1.61	2.24	3.01	1.66	2.45
Debt to EBITDA	—	—	—	—	0.56	0.92	3.16	1.04
Debt to equity	—	—	0.75	1.35	0.49	0.25	0.31	0.26
Interest coverage	10.6	5.2	-1.8	1.2	42.1	18.1	9.2	18.9
Asset turnover	—	—	2.54	2.23	2.2	1.7	1.48	1.52
Return ratios
Return on assets %	—	—	-4.2%	0%	38.6%	17.4%	7.1%	14.4%
Return on capital employed %	—	—	-7.5%	3.2%	125.4%	36%	16.5%	34.5%
Return on equity %	—	—	-8.7%	0.1%	65.9%	23.3%	10.6%	22.1%

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
	70.13%	68.71%	68.71%	68.71%	68.42%	68.42%	68.42%	68.95%	69.24%	69.24%	69.65%	69.65%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	29.86%	31.28%	31.28%	31.28%	31.57%	31.57%	31.57%	31.04%	30.75%	30.75%	30.34%	30.34%
No. of shareholders	—	—	—	—	—	—	—	—	6,372	6,019	5,942	5,876

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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 Ovobel Foods 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

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Events

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

1

Board meeting to consider results10 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

14 announcementsExport CSV

10 Aug 2026, 11:22 pmCompany Update

Newspaper Advertisement - Pursuant To Clause 12 Of SEBI Circular SEBI/HO/38/13/11(2) 2026-MIRSD-POD/1/370/2026 Dated 30Th January,2026

General PDF

10 Aug 2026, 7:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Directorate

Change in Directorate PDF

10 Aug 2026, 7:49 pmResult

June 2026 Unaudited Quarterly Results

Financial Results PDF

10 Aug 2026, 7:41 pmBoard Meeting

Board Meeting Outcome for Outcome- Approval Of Quarterly Results For June 2026 And Appointment Of Independent Director

Outcome of Board Meeting PDF

3 Aug 2026, 8:09 pmBoard Meeting

Board Meeting Intimation for Quarterly Unaudited Results For June 2026

Exchange filing PDF

3 Jul 2026, 3:29 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

Date	Category	Subject	Filing
10 Aug 2026, 11:22 pm	Company Update General	Newspaper Advertisement - Pursuant To Clause 12 Of SEBI Circular SEBI/HO/38/13/11(2) 2026-MIRSD-POD/1/370/2026 Dated 30Th January,2026	PDF
10 Aug 2026, 7:51 pm	Company Update Change in Directorate	Announcement under Regulation 30 (LODR)-Change in Directorate

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	18.4%	21.2%	37.4%	31.1%	24.5%	27.5%
EBITDA margin %	-4.7%	-2%	-5.9%	-0.2%	23.1%	12.1%	4.5%	10.5%
EBIT margin %	-5.7%	-3%	-6.7%	-1%	22.8%	11.5%	3.4%	8.7%
PAT margin %	5.8%	2.4%	-1.6%	0%	17.5%	10.2%	4.8%	9.5%
Working capital
Receivable days	—	—	31	34	29	17	21	21
Inventory days	—	—	50	66	48	76	84	74
Payable days	—	—	12	11	7	5	9	6
NWC days	—	—	69	89	70	88	95	89
Leverage
Current ratio	—	—	1.77	1.61	2.24	3.01	1.66	2.45
Debt to EBITDA	—	—	—	—	0.56	0.92	3.16	1.04
Debt to equity	—	—	0.75	1.35	0.49	0.25	0.31	0.26
Interest coverage	10.6	5.2	-1.8	1.2	42.1	18.1	9.2	18.9
Asset turnover	—	—	2.54	2.23	2.2	1.7	1.48	1.52
Return ratios
Return on assets %	—	—	-4.2%	0%	38.6%	17.4%	7.1%	14.4%
Return on capital employed %	—	—	-7.5%	3.2%	125.4%	36%	16.5%	34.5%
Return on equity %	—	—	-8.7%	0.1%	65.9%	23.3%	10.6%	22.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Venky's (India) LimitedVENKEYSVENKEYS	₹2,274 Cr	₹2,437 Cr	₹3,980 Cr	₹238 Cr	5.2%	₹169 Cr	3.6%	12.6%	8.8%	53
Hma Agro Industries LimitedHMAAGROHMAAGRO	₹1,175 Cr	₹2,025 Cr	₹7,904 Cr	₹163 Cr	2.3%	₹215 Cr	2.4%	27.9%	19.1%	74
Skm Egg Products Export (India) LimitedSKMEGGPRODSKMEGGPROD	₹1,082 Cr	₹1,224 Cr	₹777 Cr	₹163 Cr	21.3%	₹111 Cr	13.5%	35.7%	29.7%	96
Ovobel Foods LtdOVOBELEOVOBELE	₹247 Cr	₹275 Cr	₹189 Cr	₹9 Cr	10.5%	₹9 Cr	9.5%	34.5%	24.9%	89
DSM Fresh Foods LtdZAPPFRESHZAPPFRESH	₹135 Cr	—	₹221 Cr	₹31 Cr	14.1%	₹14 Cr	6.5%	—	—	—
Simran Farms LtdSIMRANSIMRAN	₹82 Cr	₹115 Cr	₹875 Cr	₹11 Cr	1.3%	₹5 Cr	0.6%	18.2%	10.3%	33

4 deals · 7 Jun 2023 – 5 Sept 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
5 Sept 2023	HANUMANTHAPPA RATHNAMMA	Bulk	BSE	Sell	78,711	₹297.20	₹2.34 Cr
5 Sept 2023	HARITA PROJECTS PRIVATE L IMITE D	Bulk	BSE	Buy	52,500	₹297.20	₹1.56 Cr
4 Sept 2023	HANUMANTHAPPA RATHNAMMA	Bulk	BSE	Sell	51,617	₹291.40	₹1.50 Cr
7 Jun 2023	SUKANYA SATHISH	Bulk	BSE	Sell	53,571	₹278.60	₹1.49 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 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-6	-3	1	-0	-6	41	7	5	33
	7	4	0	-1	0	-41	-1	-9	-26
	-3	-1	-1	1	11	0	-11	6	-1
Net cash flow	-3	-0	0	-0	6	0	-5	2	7
Free cash flow	-7	—	—	-2	-6	40	-8	-10	27
CFO / Operating profit %	—	—	—	—	—	79.8%	32.7%	60.6%	123.7%

Ovobel Foods 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

Events

1

Announcements

Not in the F&O segment

No fund holdings on record

1

Announcements

Annual reports

Credit ratings

Compounded sales growth

Compounded profit growth

Return on equity

Ovobel Foods 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

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

Announcements

Quarterly record

Annual reports

Credit ratings

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1