M.V.K. Agro Food Product Ltd

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 ₹300, in a downtrend and 12 weeks into that stage. That is −25.3% against its own 200-day average. It sits at 19% of a 52-week range of ₹177 to ₹819. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (34 weeks and counting).

Today the stock is in a downtrend — week 12 of stage 4, confirmed. At ₹300 it trades −25.3% versus its 200-day average and sits at 19% of its 52-week range (₹177–₹819).

Against the market, two honest reads. Cumulative: over the last 2.5 years the stock moved +261% while the NIFTY 500 moved +16% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (34 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.

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 30.5× P/E, mid-range by its own standards (51st percentile). Its long-run median P/E is 27.7×, measured across 2.3 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 30.5× is mid-range by its own standards (51st percentile), against a long-run median of 27.7× measured over 2.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved +53.3% against a −25.0% price move — earnings outran the price, pushing the multiple DOWN 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.

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.

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.

4-Factor Sector Score

52.1/100 — rank 6 of 21 in Sugar · 57% evidence confidence

M.V.K. Agro Food Product Ltd scores 52.1 out of 100 against the 21 companies it is compared with in Sugar, ranking 6. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 13.3 + 17.5 + 9.6 + 11.7 = 52.1. 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.

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

M.V.K. Agro Food Product Ltd reported ₹65.5 Cr of revenue in the Jun 26 quarter, +105.9% year on year. That is the 3rd 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 ₹354 Cr.

FY26 revenue came in at ₹320 Cr (+113.3% on the year), capping 3 years at 51.0% compound. The latest quarter (Jun 26) printed ₹65.5 Cr, +105.9% year on year — the 3rd consecutive quarter of year-over-year growth.

Pace check: the last four quarters averaged +169.9% growth against the decade's 51.0% — the current year is running faster than its own long-run rate.

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 10.8% in the Jun 26 quarter, −7.5 percentage points against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged 12.0% to 18.0%. The current quarter is running below every full year in that window.

The latest quarter's operating margin is 10.8%, −7.5 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 −7.5 pp year on year while gross margin went −6.7 pp — the loss came mostly from the gross line: input costs and pricing.

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 ₹6.4 Cr of net profit in the Jun 26 quarter, +84.9% year on year. It is the 3rd consecutive quarter of growth. Full-year FY26 profit was ₹47.0 Cr. The 3-year compound rate is 127.3%. That is 9.7% of the quarter's revenue. The same quarter a year earlier earned ₹3.5 Cr.

Jun 26 profit was ₹6.4 Cr, +84.9% year on year — the 3rd consecutive quarter of growth. On the full year, FY26 printed ₹47.0 Cr (+422.2%), and the 3-year compound rate is 127.3%.

Why profit moved: revenue contributed +105.9% and the margin −7.5 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit +278.4% vs revenue +169.9%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.

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.

🚨 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.

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.

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.

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

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.

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.

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.

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.

Frequently asked questions