Sector Alpha Week of 2026-07-24
Sector Alpha — machine-written from the numbers · Data as of 2026-07-24

M.V.K. Agro Food Product Ltd

MVKAGRO
Sugar

M.V.K. Agro Food Product Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.

The sharpest disagreement: profits are rising, but only 0% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.

The price is in a downtrend (4 weeks in) while the P/E sits at the 55th percentile of its own 2-year range. Underneath, the last four quarters read improving — profit +520.0% year on year, and 0% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Price
₹411
+102.2% 1Y
P/E
42.0×
55th pctile
of its own 2-year range
Revenue (Mar 26)
₹134 Cr
+97.1% YoY
Profit (Mar 26)
₹31.0 Cr
+520.0% YoY
Operating margin
22.0%
+17.0 pp YoY
ROCE
14%
FY26
ROIC
9.1%
vs WACC 12.0% → −2.9 pp
Cash conversion
0%
of profit, last 3 FY
Unverified figures: Some figures on this page come from a second financial-data feed that could not be cross-checked against the primary source — the two do not share enough overlapping reported history to compare. They are drawn, because they are the only evidence there is, and every section carrying one is marked unverified. PEG is the exception: the quarterly curve is not drawn at all. PEG asks what is being paid for growth — both sides of that division come from the source that could not be checked, so it is withheld instead of marked.
01 · Price story

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

M.V.K. Agro Food Product Ltd trades at ₹411, in a downtrend and 4 weeks into that stage. That is −12.6% against its own 200-day average. It sits at 23% of a 52-week range of ₹287 to ₹819. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (26 weeks and counting).

Today the stock is in a downtrend — week 4 of stage 4, confirmed. At ₹411 it trades −12.6% versus its 200-day average and sits at 23% of its 52-week range (₹287–₹819).

Jul 26: ₹411 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 2-year window.
−12.6% versus the 200-day line, week 4 of stage 4
Price50-day avg200-day avg
S4S2₹882₹654₹426₹198₹−29.9₹411₹470Mar 24Oct 24May 25Dec 25Jul 26
S4S2₹882₹654₹426₹198₹−29.9₹411₹470Mar 24May 25Jul 26
Beating or trailing, week by week since 2024 Each cell is one week from 2024 to now (127 weeks): the stock's trailing 13-week return minus the NIFTY 500's, green ahead / red behind (±25% ramp). Grey cells are the 13-week warm-up or weeks where the NIFTY 500 reading is not held.
trailing 13-week return vs the NIFTY 500
Mar 24Jul 26

Against the market, two honest reads. Cumulative: over the last 2.4 years the stock moved +396% while the NIFTY 500 moved +19% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (26 weeks and counting; last ahead the week of 2026-02-06) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 55th percentile of its own range.

02 · Valuation

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

M.V.K. Agro Food Product Ltd trades at 42.0× P/E, mid-range by its own standards (55th percentile). Its long-run median P/E is 32.1×, measured across 2.1 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 42.0× is mid-range by its own standards (55th percentile), against a long-run median of 32.1× measured over 2.1 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

P/E 42.0× vs a 32.1× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 2.1-year window; loss-period spikes above 96× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
mid-range by its own standards (55th percentile)
P/EMedianEPS (TTM) (quarterly)
103.6×₹10.077.7×₹7.551.8×₹5.025.9×₹2.50.0×₹0.0×42.00×₹9May 24Dec 24Jul 25Feb 26Jul 26
103.6×₹10.077.7×₹7.551.8×₹5.025.9×₹2.50.0×₹0.0×42.00×₹9May 24Jul 25Jul 26
P/E
42.0×
55th percentile of 2y

🚨 Why the multiple sits where it does: over the past year annual EPS moved +53.3% against a +102.2% price move — the price outran earnings, pushing the multiple UP its own range.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.

→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.

03 · Stage: No read

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

M.V.K. Agro Food Product Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read.

Three growth curves, twelve quarters Year-on-year growth of trailing-twelve-month revenue (left axis), profit and EPS (right axis — they swing far wider), % at each quarter-end. Where the trailing-twelve-month history is short, the curve falls back to single-quarter year-on-year growth — noisier, and the classifier smooths and caps base-effect spikes before reading. Base-effect spikes shown pinned (▲). A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfit
316%305%257%286%199%267%140%247%81%228%%%97.1%300%Dec 24Sep 25Mar 26
316%305%257%286%199%267%140%247%81%228%%%97.1%300%Dec 24Sep 25Mar 26
ROCE Annual readings — the quarterly balance-sheet pieces this curve needs are not held for this stock, so the returns read moves once a year and carries less weight in the call.
the return curve, annual readings
ROCE
14%13%12%11%9.7%%14%FY24FY25FY26
14%13%12%11%9.7%%14%FY24FY25FY26
ROCE
Stuck low
latest 14.0% · span 10.0%–14.0%

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Compound annual growth rate (%) Compound annual growth rate over each window, %. Revenue, profit and EPS from fiscal-year figures; share price is the price CAGR over the same spans. A dash = that window is not held, or the base was a loss.
1yr3yr5yr10yr
Revenue+113.3%+51.0%
Profit+422.2%+127.3%
EPS+53.3%+7.0%
Share price+102.2%
Revenue YoY (Mar 26)
+97.1%
latest quarter vs a year ago
Profit YoY (Mar 26)
+520.0%
latest quarter vs a year ago
Revenue 10y
51.0%
long-run compound pace

→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.

04 · 4-Factor Sector Score

4-Factor Sector Score

55.5/100 — rank 4 of 20 in Sugar · 52% evidence confidence

M.V.K. Agro Food Product Ltd scores 55.5 out of 100 against the 20 companies it is compared with in Sugar, ranking 4. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 18.2 + 16.5 + 8.8 + 12 = 55.5. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

05 · Revenue

Revenue Revenue is the top line: everything the company billed its customers in the period.

M.V.K. Agro Food Product Ltd reported ₹134 Cr of revenue in the Mar 26 quarter, +97.1% year on year. That is the 2nd straight quarter of year-on-year growth. Over 3 years it has compounded at 51.0% a year. The last full year, FY26, came in at ₹320 Cr. The last four reported quarters add to ₹356 Cr.

M.V.K. Agro Food Product Ltd reported ₹134 Cr of revenue in the Mar 26 quarter, +97.1% year on year. That is the 2nd straight quarter of year-on-year growth. Over 3 years it has compounded at 51.0% a year. The last full year, FY26, came in at ₹320 Cr. The last four reported quarters add to ₹356 Cr.

FY26 revenue came in at ₹320 Cr (+113.3% on the year), capping 3 years at 51.0% compound. The latest quarter (Mar 26) printed ₹134 Cr, +97.1% year on year — the 2nd consecutive quarter of year-over-year growth.

FY26 revenue ₹320 Cr (+113.3% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 4-year window. A bar is red when it is lower than the year before.
51.0% a year over 3 years
RevenueYoY growth
346122%25991%17360%8629%0−2.2%₹ Cr%₹320113.3%FY23FY24FY26
346122%25991%17360%8629%0−2.2%₹ Cr%₹320113.3%FY23FY24FY26
Mar 26: ₹134 Cr (+97.1% YoY) Quarterly revenue bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Revenue (quarterly)YoY growth
145332%109269%72206%36143%080%₹ Cr%₹13497.1%Dec 24Sep 25Mar 26
145332%109269%72206%36143%080%₹ Cr%₹13497.1%Dec 24Sep 25Mar 26

Pace check: the last four quarters averaged +205.9% growth against the decade's 51.0% — the current year is running faster than its own long-run rate.

→ Revenue grew — did margins hold as it scaled? Next: 22.0% this quarter (+17.0 pp YoY).

06 · Operating margin

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

M.V.K. Agro Food Product Ltd's operating margin is 22.0% in the Mar 26 quarter, +17.0 percentage points against the same quarter a year ago. Across the last four quarters the operating margin has moved +0.0 percentage points. Across 4 fiscal years the operating margin has ranged 12.0% to 18.0%.

M.V.K. Agro Food Product Ltd's operating margin is 22.0% in the Mar 26 quarter, +17.0 percentage points against the same quarter a year ago. Across the last four quarters the operating margin has moved +0.0 percentage points. Across 4 fiscal years the operating margin has ranged 12.0% to 18.0%.

The latest quarter's operating margin is 22.0%, +17.0 pp against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged 12.0%–18.0%.

Why the margin moved: operating margin went +0.2 pp year on year while gross margin went −8.8 pp — the gain came mostly from the gross line: input costs and pricing.

FY26: 18.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 4-year window.
within a 12.0–18.0% band over 4 years
operating marginYoY change (pp)
18%6.9%17%3.7%15%0.5%13%−2.7%12%−5.9%%%18%6%FY23FY24FY26
18%6.9%17%3.7%15%0.5%13%−2.7%12%−5.9%%%18%6%FY23FY24FY26
Mar 26: 22.0% operating margin (+17.0 pp YoY) Quarterly operating margin, %, line (left); year-on-year change in the margin, in percentage points, line (right). Last 12 quarters. Operating profit as a share of revenue, per quarter.
Operating marginYoY change (pp)
23%19%18%12%14%4.0%8.6%−3.5%3.6%−11%%%22%17%Dec 24Sep 25Mar 26
23%19%18%12%14%4.0%8.6%−3.5%3.6%−11%%%22%17%Dec 24Sep 25Mar 26

→ Margins held — did that reach the bottom line? Next: profit +520.0% in the latest quarter.

07 · Net profit

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

M.V.K. Agro Food Product Ltd earned ₹31.0 Cr of net profit in the Mar 26 quarter, +520.0% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹47.0 Cr. The 3-year compound rate is 127.3%. That is 23.1% of the quarter's revenue. The same quarter a year earlier earned ₹3.0 Cr.

M.V.K. Agro Food Product Ltd earned ₹31.0 Cr of net profit in the Mar 26 quarter, +520.0% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹47.0 Cr. The 3-year compound rate is 127.3%. That is 23.1% of the quarter's revenue. The same quarter a year earlier earned ₹3.0 Cr.

Mar 26 profit was ₹31.0 Cr, +520.0% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹47.0 Cr (+422.2%), and the 3-year compound rate is 127.3%.

FY26 profit ₹47.0 Cr (+422.2% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 4-year window. A bar is red when it is lower than the year before.
127.3% a year over 3 years
Net profitYoY growth
51456%38334%25211%1389%0−34%₹ Cr%₹47422.2%FY23FY24FY26
51456%38334%25211%1389%0−34%₹ Cr%₹47422.2%FY23FY24FY26
Mar 26: ₹31.0 Cr (+520.0% YoY) Quarterly net profit bars, ₹ Cr (left); YoY growth-% line (right). Last 12 quarters. A bar is red when it is lower than the quarter before.
2nd straight quarter of growth
Net profit (quarterly)YoY growth
33543%25460%17377%8294%0210%₹ Cr%₹31520%Dec 24Sep 25Mar 26
33543%25460%17377%8294%0210%₹ Cr%₹31520%Dec 24Sep 25Mar 26

→ Profit rose — but did the cash follow? Next: 0% of the last 3 years' profit arrived as cash.

08 · Cash flow — the router

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 0% of M.V.K. Agro Food Product Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−20.0 Cr of operating cash against ₹47.0 Cr of profit. After ₹466 Cr of capital spending, ₹−486 Cr was left as free cash.

FY26: operating cash of ₹−20.0 Cr against reported profit of ₹47.0 Cr, leaving free cash of ₹−486 Cr after ₹466 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 0% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

FY26: CFO ₹−20.0 Cr vs profit ₹47.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 4-year window, annual resolution. FY26 reflects an acquisition year — point shown clipped.
0% of 3-year profit arrived as cash
Operating cashNet profitFree cash
59314−23−51₹ Cr₹−20₹47₹28FY23FY24FY26
59314−23−51₹ Cr₹−20₹47₹28FY23FY24FY26
FY26: CFO = −43% of profit (three-year rate 0%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash; outlier years shown pinned.
Conversion100%
352%165%−22%−209%−396%%−43%FY23FY24FY26
352%165%−22%−209%−396%%−43%FY23FY24FY26

🚨 Why conversion sits at 0%: the cash cycle tightened 124 days between FY23 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: the bigger cash user is investment — capital spending ran 35.8× depreciation over three years, so the next section's job is to check what that build-out is buying.

→ So follow the cash to where it goes. Next: ₹501 Cr of building over 3 years.

09 · Where the cash goes

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

M.V.K. Agro Food Product Ltd's cash conversion cycle runs 219 days in FY26, down from 343 days in FY23. Capital spending ran ₹501 Cr over the last 3 years. At FY26 sales of ₹320 Cr each day of that cycle holds about ₹0.9 Cr, so roughly ₹192 Cr sits inside the business at any moment.

FY26: debtors at 19 days, inventory at 263 days — roughly 8.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 219 days, tighter than FY23's 343.

The full loop: cash goes out to suppliers and production on day 0; stock waits 263 days to sell; customers pay about 19 days after that; and suppliers themselves are paid at 63 days — netting out to the 219-day cycle.

In money terms: at FY26 sales of ₹320 Cr, each day of the cycle holds about ₹0.9 Cr — so the 219-day loop keeps roughly ₹192 Cr sitting inside the business at any moment.

FY26: a 219-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 4-year window.
−124 days vs FY23
Cash cycleInventory daysDebtor daysPayable days
45833521289−34days219d263d19d63dFY23FY24FY26
45833521289−34days219d263d19d63dFY23FY24FY26

On the investment side: capital spending of ₹501 Cr over the last 3 fiscal years against ₹14.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹177 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹466 Cr, work-in-progress ₹177 Cr Capital spending per fiscal year, ₹ Cr (bars); capital work-in-progress, ₹ Cr (line). Quarterly capital-spending history is not held for India — annual is the honest resolution.
a build-out
CapexWork-in-progress
5033772521260₹ Cr₹466₹177FY24FY25FY26
5033772521260₹ Cr₹466₹177FY24FY25FY26

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

→ Does all this activity actually earn its cost of capital? Next: ROCE is 14% and the ROIC − WACC spread is −2.9 pp.

10 · Return on capital

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified

M.V.K. Agro Food Product Ltd earns a ROCE of 14% in FY26. That is up from a trough of 10% in FY25. Return on invested capital clears the cost of that capital by −2.9 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 14.7% net margin on 0.36× asset turns.

FY26 ROCE is 14%, recovered from a FY25 trough of 10% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 14.7% net margin × 0.36× asset turns × 1.95× balance-sheet leverage ≈ 10.3% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 9.1% − 12.0% = a −2.9 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

FY26: ROCE 14% Return on capital employed by fiscal year, % (line); ROIC by fiscal year, % (line). 3-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY25's 10%
ROCEROIC (annual)WACC
14%13%11%9.3%7.5%%14%10.1%FY24FY25FY26
14%13%11%9.3%7.5%%14%10.1%FY24FY25FY26
Q4 FY26: ROCE 7.0% (TTM) vs WACC 12.0% Trailing-twelve-month ROCE and ROIC, per quarter, %; dashed line = the cost of capital. Last 12 quarters, put on a trailing-twelve-month basis and anchored to the annual figure.
ROCE (TTM)ROIC (TTM)WACC
18%15%12%9.0%6.0%%7%8.9%Q1 FY24Q2 FY25Q4 FY26
18%15%12%9.0%6.0%%7%8.9%Q1 FY24Q2 FY25Q4 FY26

→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.67.

11 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified

M.V.K. Agro Food Product Ltd carries total debt of ₹302 Cr against shareholder equity of ₹450 Cr as of Mar 26, a debt-to-equity of 0.67. On the annual view that ratio went from 1.84 in FY24 to 0.67 in FY26. Read the returns elsewhere on this page with that leverage in mind.

Mar 26: total debt of ₹302 Cr against shareholder equity of ₹450 Cr — a debt-to-equity of 0.67. On the annual view, debt-to-equity went from 1.84 (FY24) to 0.67 (FY26). Read the returns on this page with that leverage in mind.

FY26: debt ₹302 Cr at 0.67× equity Total debt by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 3-year window.
Total debtDebt-to-equity
3261.9×2451.6×1631.3×820.9×00.6×₹ Cr×₹3020.67×FY24FY25FY26
3261.9×2451.6×1631.3×820.9×00.6×₹ Cr×₹3020.67×FY24FY25FY26
Mar 26: debt ₹302 Cr, debt-to-equity 0.67 Total debt per quarter, ₹ Cr (bars); debt-to-equity, × (line). Last 11 quarters. India reports the full balance sheet half-yearly, so the intervening quarter carries the prior reading forward.
Total debt (quarterly)Debt-to-equity
3263.7×2452.9×1632.1×821.3×00.4×₹ Cr×₹3020.67×Jun 23Sep 24Mar 26
3263.7×2452.9×1632.1×821.3×00.4×₹ Cr×₹3020.67×Jun 23Sep 24Mar 26

→ Who owns this, and are they adding or leaving? Next: Promoters cut 4.7 points over 6 quarters.

12 · Ownership

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Promoters cut 4.7 points of M.V.K. Agro Food Product Ltd over 6 quarters, the biggest move on the register. That takes promoters to 59.8% of the company. Domestic institutions moved +0.4 points over the same window, to 0.4%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −4.7 points over 6 quarters to 59.8%; Domestic institutions: +0.4 points over 6 quarters to 0.4%; Foreign institutions: +0.0 points over 6 quarters to 0.0%.

🚨 Why the register moved: promoters drove it (−4.7 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −4.7 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersForeign inst.Domestic inst.Public
70%51%32%14%−5.2%%59.8%0.0%0.4%39.8%Mar 24Mar 25Mar 26
70%51%32%14%−5.2%%59.8%0.0%0.4%39.8%Mar 24Mar 25Mar 26
Promoters cut 4.7 points over 6 quarters Shareholding by holder class, % of the company, quarterly, last 7 quarters.
PromotersForeign inst.Domestic inst.Public
70%51%32%14%−5.2%%59.8%0.0%0.4%39.8%Mar 24Sep 25Jun 26
70%51%32%14%−5.2%%59.8%0.0%0.4%39.8%Mar 24Sep 25Jun 26

→ One last check: does the safety math agree? Next: the balance-sheet safety line.

13 · Safety line

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

M.V.K. Agro Food Product Ltd: the Z-score reads 2.23. A Z-score above roughly 3 reads as safe and below roughly 1.8 as the distress zone, so this sits in the grey band between the two. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure.

Why it matters: a Z-score of 2.23 sits in the grey band — neither clearly safe nor clearly distressed.

The safety line in one sentence: the Z-score reads 2.23.

Related companies · same sector · Sugar Every company is compared on the shape of its own curves, not static ratios. The Revenue, EPS and ROCE columns each draw that company's last 12 quarters as a mini line of the ACTUAL level (trailing-twelve-month revenue and EPS, and the ROCE itself) — so a line that climbs is a business getting bigger, a line that sinks is one shrinking. The colour tracks the same line: green when it is rising or steadily healthy, amber when it is rolling over from a high (still elevated but turning down), red when it is falling, grey when flat or stuck. Colour and direction always agree — a green line never points down. The ROCE curve is the return on capital (annual readings for peers, so a slightly coarser line than the quarterly one at the top of this page). The Stage column then runs the same 12-quarter trajectory classifier used at the top of the page on each company and names where it sits. What lands a company in each bucket: CONSISTENT — growth stays positive across the window and returns are healthy (ROCE ≥ 15%, or ROE ≥ 12% for lenders); IMPROVING — profit or EPS fell into real decline, bottomed a few quarters back, and has climbed back to positive and held there; TURNING AROUND — the same kind of trough but more recent, with the latest quarters just lifting off it (an early, unconfirmed turn); TOPPING OUT — growth is still positive but decelerating hard from its own peak while returns have stopped rising; DETERIORATING — two or more growth curves are shrinking (latest below zero) and staying there, not one soft quarter; MIXED — the curves genuinely disagree, or no clean majority, so no single word fits; NO READ — fewer than eight usable quarters. It is a like-for-like read of every company against its own past, not a ranking against the group.
CompanyP/EMkt capRevenueEPSROCEStage
M.V.K. Agro Food Product Ltd this page42.0×₹1,958 CrNo read
DCM Shriram Ltd18.5×₹15,685 CrImproving
EID Parry (India) Ltd20.6×₹13,489 CrMixed
Balrampur Chini Mills Ltd34.1×₹12,890 CrMixed
Triveni Engineering and Industries Ltd19.6×₹5,480 CrNo read
Shree Renuka Sugars Ltd₹4,732 CrNo read
Bannari Amman Sugars Ltd29.7×₹4,391 CrMixed
Bajaj Hindusthan Sugar Ltd29.4×₹4,133 CrNo read
Dalmia Bharat Sugar & Industries Ltd12.7×₹2,930 CrMixed
Godavari Biorefineries Ltd42.4×₹1,427 CrNo read
Andhra Sugars Ltd11.7×₹1,170 CrMixed
Avadh Sugar & Energy Ltd16.8×₹1,052 CrNo read
Dhampur Sugar Mills Ltd14.0×₹914 CrNo read
Uttam Sugar Mills Ltd8.6×₹871 CrNo read
Dwarikesh Sugar Industries Ltd₹803 CrNo read
Zuari Industries Ltd6.6×₹765 CrNo read
Magadh Sugar & Energy Ltd11.0×₹696 CrNo read
Dhampur Bio Organics Ltd26.5×₹678 CrNo read
Davangere Sugar Company Ltd58.6×₹499 CrMixed
DCM Shriram Industries Ltd8.2×₹498 CrDeteriorating
12 · Frequently asked questions

Frequently asked questions

What is M.V.K. Agro Food Product Ltd's share price today?

M.V.K. Agro Food Product Ltd trades at ₹411, +102.2% over the past year. The company is valued at ₹1,958 Cr. The stock sits at 23% of its 52-week range of ₹287–₹819, −12.6% versus its 200-day average. On the tape, the price is in a downtrend, 4 weeks in. — as of 24 July 2026.

What were M.V.K. Agro Food Product Ltd's latest quarterly results?

M.V.K. Agro Food Product Ltd reported revenue of ₹134 Cr and net profit of ₹31.0 Cr for the Mar 26 quarter. Revenue rose 97.1% and profit rose 520.0% year on year. Earnings per share were ₹6.06. The operating margin was 22.0%, 17.0 pp higher than a year earlier. — as of 24 July 2026.

What is M.V.K. Agro Food Product Ltd's revenue?

M.V.K. Agro Food Product Ltd reported revenue of ₹134 Cr in the Mar 26 quarter, +97.1% year on year. For the full FY26 fiscal year, revenue was ₹320 Cr (+113.3%). Over the last 3 years revenue compounded at 51.0% a year. — as of 24 July 2026.

What is M.V.K. Agro Food Product Ltd's profit?

M.V.K. Agro Food Product Ltd earned ₹31.0 Cr of net profit in the Mar 26 quarter, +520.0% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹47.0 Cr. The operating margin ran 22.0% in the latest quarter. — as of 24 July 2026.

What is M.V.K. Agro Food Product Ltd's market cap?

M.V.K. Agro Food Product Ltd's market capitalisation is ₹1,958 Cr at a share price of ₹411. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.

What is M.V.K. Agro Food Product Ltd's P/E ratio?

M.V.K. Agro Food Product Ltd trades at a P/E of 42.0×, at the 55th percentile of its own 2-year range, against a long-run median of 32.1×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.

Does M.V.K. Agro Food Product Ltd pay a dividend?

No — M.V.K. Agro Food Product Ltd has recorded a dividend payout of 0% of profit in each of its last 4 reported fiscal years, so there is no payout history to quote. That is a reading of the filed annual statements, not an estimate. — as of 24 July 2026.

Is M.V.K. Agro Food Product Ltd overvalued?

On its own history, M.V.K. Agro Food Product Ltd looks mid-range against its own history: its P/E of 42.0× sits at the 55th percentile of its 2-year range (long-run median 32.1×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.

Is M.V.K. Agro Food Product Ltd growing?

Yes — M.V.K. Agro Food Product Ltd is growing: latest-quarter revenue +97.1% year on year, profit +520.0%, and the margin +17.0 pp at 22.0%. The 3-year compound rates are 51.0% (revenue) and 127.3% (profit). The earnings engine currently reads: improving — as of 24 July 2026.

How is M.V.K. Agro Food Product Ltd performing?

M.V.K. Agro Food Product Ltd is in a downtrend, 4 weeks in. Its latest quarter's revenue rose 97.1% and profit rose 520.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 26 weeks. This describes what the data did, not a rating. — as of 24 July 2026.

Is M.V.K. Agro Food Product Ltd in an uptrend?

No — the price is in a downtrend (week 4 of stage 4), trading −12.6% versus its 200-day average and at 23% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.

Is M.V.K. Agro Food Product Ltd beating the market?

Not lately — on a trailing-13-week view M.V.K. Agro Food Product Ltd is currently behind the NIFTY 500 (26 weeks and counting; last ahead the week of 2026-02-06), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 2.4 years the stock moved +396% against the NIFTY 500's +19% — ahead of the index over the full window. — as of 24 July 2026.

Will M.V.K. Agro Food Product Ltd's share price go up?

This page publishes no price forecast for M.V.K. Agro Food Product Ltd. What it measures instead: the share price is ₹411, the price is in a downtrend 4 weeks in. Its P/E of 42.0× sits at the 55th percentile of its own 2-year range. — as of 24 July 2026.

Who owns M.V.K. Agro Food Product Ltd?

Promoters hold 59.8% of M.V.K. Agro Food Product Ltd, foreign institutions 0.0%, domestic institutions 0.4% and the public 39.8% (latest quarter). The biggest move on the register over the last two years: Promoters cut 4.7 points over 6 quarters. — as of 24 July 2026.

Does M.V.K. Agro Food Product Ltd have too much debt?

It is moderate — M.V.K. Agro Food Product Ltd's debt-to-equity is 0.67, and operating profit covers the interest bill 4×. FY26 borrowings were ₹302 Cr against equity of ₹450 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.

What is M.V.K. Agro Food Product Ltd's capex?

M.V.K. Agro Food Product Ltd spent ₹501 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹466 Cr, with ₹177 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.

What is M.V.K. Agro Food Product Ltd's cash flow?

M.V.K. Agro Food Product Ltd generated ₹−20.0 Cr of operating cash flow in FY26 and ₹−486 Cr of free cash flow after ₹466 Cr of capital spending. Reported profit that year was ₹47.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.

Is M.V.K. Agro Food Product Ltd's profit real cash?

Not fully — over the last 3 fiscal years, 0% of M.V.K. Agro Food Product Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹−20.0 Cr against reported profit of ₹47.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.

How financially safe is M.V.K. Agro Food Product Ltd?

On the balance sheet, the Z-score reads 2.23 — above roughly 3 is safe, below roughly 1.8 is the distress zone. That is in the grey band — neither clearly safe nor clearly distressed. — as of 24 July 2026.

Where is M.V.K. Agro Food Product Ltd in its business cycle?

M.V.K. Agro Food Product Ltd's FY26 operating margin was 18.0%, against a 4-year band of 12.0%–18.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 22.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.

What could break the M.V.K. Agro Food Product Ltd story?

The sharpest disagreement: profits are rising, but only 0% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.

Is M.V.K. Agro Food Product Ltd a stock worth studying right now?

This is not investment advice. The machine read: M.V.K. Agro Food Product Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.

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