# Food - Processing - Spices/Pickles — company-by-company sector analysis

> Food - Processing - Spices/Pickles: 1 companies, compared one question at a time.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-16. Not investment advice.

## Bottom line

Food - Processing - Spices/Pickles has outperformed NIFTY 500 by 82.8% over 52 weeks and 68% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. Freshara Agro Exports Ltd ranks first at 55.3/100 with 52.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

## Sector relative strength

Food - Processing - Spices/Pickles has outperformed NIFTY 500 by 82.8% over the last 52 weeks. Over 13 weeks the gap is a lead of 68%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Freshara Agro Exports Ltd is the strongest against the sector itself at 0%.

13-week sector return versus NIFTY 500: 68%
52-week sector return versus NIFTY 500: 83%
Stocks leading NIFTY: 1/1
Stocks leading sector: 0/1

Central tension: The central tension: current leadership is concentrated, so durability matters more than rank.

Companies: 1
Combined market value: ₹835 Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Freshara Agro Exports Ltd (FRESHARA): 55/100 — Thin evidence · provisional; evidence 53%
   - Growth & earnings 15.1/35 | Capital efficiency 17.7/25 | Valuation 10.0/20 | Relative strength 12.5/20
   - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 11 of the last 12 weeks
   - Exact sum: 15.1 + 17.7 + 10 + 12.5 = 55.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Market action

Freshara Agro Exports Ltd has the strongest one-year price move in Food - Processing - Spices/Pickles at +85.9%. It also leads on Mansfield relative strength against NIFTY at +70.1%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.

### Strongest one-year price performers
1. Freshara Agro Exports Ltd (FRESHARA): 86%

### Strongest relative strength versus NIFTY 500
1. Freshara Agro Exports Ltd (FRESHARA): 70%

## Revenue Scale & Growth Durability

What the numbers say: There is not enough comparable evidence to name a reliable revenue leader.

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current revenue growth signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 4 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest

### Revenue growth — fastest growers

### 5-quarter Revenue history
- FRESHARA: Mar 2024 — | Sep 2024 ₹104 Cr | Mar 2025 ₹151 Cr | Sep 2025 ₹134 Cr | Mar 2026 ₹179 Cr

### 5-quarter Revenue growth history
- FRESHARA: Mar 2024 — | Sep 2024 — | Mar 2025 — | Sep 2025 29% | Mar 2026 19%

## Operating Economics & Margin Trend

What the numbers say: Freshara Agro Exports Ltd leads both opm at 16% and margin change at -1 percentage points.

Investor read: Freshara Agro Exports Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Freshara Agro Exports Ltd · 16% | Not enough peers | 0/2 recent comparable periods | 1/1 companies · 4 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Freshara Agro Exports Ltd (FRESHARA): 16%

### Margin change — fastest expanders
1. Freshara Agro Exports Ltd (FRESHARA): −1.0 pp

### 5-quarter OPM history
- FRESHARA: Mar 2024 — | Sep 2024 14% | Mar 2025 17% | Sep 2025 13% | Mar 2026 16%

### 5-quarter Margin change history
- FRESHARA: Mar 2024 — | Sep 2024 — | Mar 2025 — | Sep 2025 −1.0 pp | Mar 2026 −1.0 pp

## Profit Scale & Acceleration

What the numbers say: There is not enough comparable evidence to name a reliable net profit leader.

Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 4 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest

### Profit growth — fastest growers

### 5-quarter Net profit history
- FRESHARA: Mar 2024 — | Sep 2024 ₹11 Cr | Mar 2025 ₹17 Cr | Sep 2025 ₹15 Cr | Mar 2026 ₹21 Cr

### 5-quarter Profit growth history
- FRESHARA: Mar 2024 — | Sep 2024 — | Mar 2025 — | Sep 2025 36% | Mar 2026 24%

## Return On Capital Employed

What the numbers say: Freshara Agro Exports Ltd leads ROCE at 20.9%. Freshara Agro Exports Ltd has the strongest latest improvement at -4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Freshara Agro Exports Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Freshara Agro Exports Ltd · 20.9% | Not enough peers | Not enough history | 1/1 companies · 4 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Freshara Agro Exports Ltd (FRESHARA): 21%

### ROCE change — fastest improvers
1. Freshara Agro Exports Ltd (FRESHARA): −4.0 pp

### 5-quarter ROCE history
- FRESHARA: Mar 2024 — | Sep 2024 28% | Mar 2025 25% | Sep 2025 22% | Mar 2026 22%

### 5-quarter ROCE change history

## Valuation Against Growth & Quality

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 0 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG

### P/E — lowest P/E
1. Freshara Agro Exports Ltd (FRESHARA): 23.0

### 5-quarter PEG history

### 5-quarter P/E history
- FRESHARA: Mar 2024 — | Sep 2024 — | Mar 2025 22.5 | Sep 2025 15.2 | Mar 2026 12.6


## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
- Thin comparisons: Revenue, Net profit, Valuation have fewer than three usable current readings.

## Every company
- Freshara Agro Exports Ltd (FRESHARA) — market value ₹835 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures

## Source standing of each company

Cross-checked: 0. Unverified: 1. Withheld: 0. Graded companies: 1.

1 of 1 company draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

- UNVERIFIED | FRESHARA | Freshara Agro Exports Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Mar 2026; prices through 2026-08-14.
Up to 5 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the Food - Processing - Spices/Pickles sector outperforming NIFTY 500?

Food - Processing - Spices/Pickles has outperformed NIFTY 500 by 82.8% over 52 weeks and 68% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself.

### Which Food - Processing - Spices/Pickles company has the strongest 4-Factor Sector Score?

Freshara Agro Exports Ltd ranks first at 55.3/100 with 52.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### How much history does this Food - Processing - Spices/Pickles comparison include?

The page compares up to 5 reported quarters per company for fundamentals, returns and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

### Is there a Nifty Food - Processing - Spices/Pickles index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Food - Processing - Spices/Pickles, this page builds its own equal-weight basket of 1 listed Food - Processing - Spices/Pickles companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Mar 2026.

### Which are the best Food - Processing - Spices/Pickles stocks in India?

Ranked by this page's four-factor score, Freshara Agro Exports Ltd places first among 1 listed Food - Processing - Spices/Pickles companies. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Food - Processing - Spices/Pickles stocks are listed in India?

This comparison covers 1 listed Food - Processing - Spices/Pickles companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

### Which Food - Processing - Spices/Pickles company has the best profit margins?

Freshara Agro Exports Ltd has the highest operating margin at 16%, from 1 of 1 comparable companies. Freshara Agro Exports Ltd shows the biggest recent improvement, at -1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Food - Processing - Spices/Pickles company earns the highest return on capital?

Freshara Agro Exports Ltd leads on return on capital employed at 20.9%, across 1 of 1 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Is the Food - Processing - Spices/Pickles sector beating the market?

Food - Processing - Spices/Pickles has outperformed NIFTY 500 by 82.8% over the last 52 weeks and 68% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Food - Processing - Spices/Pickles stock has the strongest price momentum?

Freshara Agro Exports Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Food - Processing - Spices/Pickles company scores highest for research priority?

Freshara Agro Exports Ltd scores 55.3 out of 100 with 52.8% evidence confidence, from 15.1 points on growth and earnings, 17.7 on capital efficiency, 10 on valuation and 12.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Food - Processing - Spices/Pickles companies does this comparison cover, and over what period?

It compares 1 listed companies over up to 5 reported quarters of fundamentals, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Food - Processing - Spices/Pickles sector?

The 1 Food - Processing - Spices/Pickles companies on this page carry ₹835 crore of combined market value. Freshara Agro Exports Ltd is the largest at ₹835 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-16.

### How is the Food - Processing - Spices/Pickles sector performing?

1 of the 1 covered Food - Processing - Spices/Pickles companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 82.8% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-16.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.