Sector Alpha Week of 2026-09-11
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Sector Alpha — machine-written from the numbers · Data as of 2026-09-11

Proventus Agrocom Ltd

PROV
Trading

Proventus Agrocom Ltd is coiled. The quarters are improving, yet the P/E sits at the 10th percentile of its own 3-year range — the business is moving before the market.

The sharpest disagreement: profits are rising, but only 4% 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 confirmed uptrend (20 weeks in) while the P/E sits at the 10th percentile of its own 3-year range. Underneath, the last four quarters read improving — profit +166.7% year on year, and 4% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.

Price
₹1,721
P/E
42.8×
10th pctile
of its own 3-year range
Revenue (Mar 26)
₹535 Cr
+85.8% YoY
Profit (Mar 26)
₹8.0 Cr
+166.7% YoY
Operating margin
1.8%
+0.2 pp YoY
ROCE
12%
FY26
ROIC
11.3%
vs WACC 12.0% → −0.7 pp
Cash conversion
4%
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.
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.

Proventus Agrocom Ltd trades at ₹1,721, in a confirmed uptrend and 20 weeks into that stage. That is +18.9% against its own 200-day average. It sits at 74% of a 52-week range of ₹1,175 to ₹1,910. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 6 straight weeks.

Today the stock is in a confirmed uptrend — week 20 of stage 2, confirmed. At ₹1,721 it trades +18.9% versus its 200-day average and sits at 74% of its 52-week range (₹1,175–₹1,910).

Sep 26: ₹1,721 Weekly closing price (₹) with 50- and 200-day averages; shaded bands mark the price stage (grey base, green advance, amber top, red decline). 1-year window.
+18.9% versus the 200-day line, week 20 of stage 2
Price50-day avg200-day avg
S3S2₹1,969₹1,756₹1,543₹1,329₹1,116₹1,721₹1,448Mar 26May 26Jun 26Jul 26Sep 26
S3S2₹1,969₹1,756₹1,543₹1,329₹1,116₹1,721₹1,448Mar 26Jun 26Sep 26
Beating or trailing, week by week since 2026 Each cell is one week from 2026 to now (29 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 26Sep 26

Against the market, two honest reads. Cumulative: over the last 6 months the stock moved +42% while the NIFTY 500 moved +9% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 6 straight weeks — 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.

02 · Story check

Story check

Proventus Agrocom Ltd's story is not scored yet against the markers our research file set on 31 May 2026. Where it sits in its own cycle: CYCLE_BOTTOM. Still open: OPM at 2% leaves no buffer; any incremental A&P to defend brand share against larger players flows directly to PAT compression.

NOT YET CHECKED

Our read, 31 May 2026. Transitioning from bulk dry-fruit trading to branded wholesome-nutrition platform — first Tijori concall (May 2026) confirms 58% retail revenue growth, 93% PAT growth, FY28 target revised up to ₹1,100 Cr, Surat facility on track for H1 FY27.

From the numbers. PE compressed 77% from Jun 2023 peak of 172.65x to current 39.7x (ref C010), placing the stock at the 15th percentile of its own 10Y history. The compression is EARNINGS_DRIVEN — EPS grew from ₹7.35 (Sep 2023) to ₹40.95…

From the price. Price stage 2, week 20 — above its 200-day line, relative strength falling.

From the research. Transitioning from bulk dry-fruit trading to branded wholesome-nutrition platform — first Tijori concall (May 2026) confirms 58% retail revenue growth, 93% PAT growth, FY28 target revised up to ₹1,100 Cr, Surat facility…

🚨 Where they disagree. PE compressed 77% from Jun 2023 peak of 172.65x to current 39.7x (ref C010), placing the stock at the 15th percentile of its own 10Y history. The compression is EARNINGS_DRIVEN — EPS grew from ₹7.35 (Sep 2023) to ₹40.95 (FY26 annual) while price did not keep pace. This is the CYCLE_BOTTOM / GOLDEN_SETUP configuration where earnings acceleration precedes multiple re-rating. At 39.7x current PE on ₹14 Cr PAT and ₹561 Cr MCap (ref C008), the earnings case requires PAT of ₹22-₹28 Cr in FY27 to justify current price at 25-30x PE.

What is proven. Transitioning from bulk dry-fruit trading to branded wholesome-nutrition platform — first Tijori concall (May 2026) confirms 58% retail revenue growth, 93% PAT growth, FY28 target revised up to ₹1,100 Cr, Surat facility on track for H1 FY27.

What is not proven yet. OPM at 2% leaves no buffer; any incremental A&P to defend brand share against larger players flows directly to PAT compression.

The test written in advance. FMCG Competitive Intensity vs Thin OPM — FMCG Competitive Intensity vs Thin OPM by the next result.

The test written in advance. Surat Facility Commissioning Delay — Surat Facility Commissioning Delay Surat commissioning announcement in Q1/Q2 FY27 exchange filings; CWIP balance in Sep 2026 interim results. by the next result.

The test written in advance. Commodity Input Cost Reversal — Commodity Input Cost Reversal Global almond/cashew price indices; OPM trend in H1 FY27 vs H1 FY26. by the next result.

What the company does. FY26 consolidated revenue rose 59% YoY to ₹925 Cr (ref C001); PAT grew 93% (ref C002) as Wholesome Nutrition mix expanded from 41% to 48% (ref C003). Gross margin widened 240 bps to 22.1% on richer product mix (ref C003); EBITDA at 2% OPM (ref C004) — marketing spend classified as strategic category-seeding investment, not discretionary cost (ref C019). PE at 15th percentile of 10Y history (ref C010); Bihar makhana unit operational (ref C005); Surat facility due H1 FY27 (ref C017); FY27 guidance 30-35% revenue and PAT growth (ref C020).

The dials — and the exact level that would change the read
DialNowWasWhy it mattersWatch line
Wholesome Nutrition Mix ShiftHIGHCore Dry Fruits / Wholesome Nutrition mix moved from 59/41 (FY25) to 52/48 (FY26), driving gross margin toward 22.1%; FY28…A&P spend as % of revenue in H1 FY27 vs FY27 guidance of ₹85-₹95 Cr; any step-up beyond guided range without corresponding gross margin expansion is…
Bihar Makhana Backward IntegrationMEDIUM_HIGH2,500-tonne makhana processing unit at Billori, Purnia — source of 90%+ of India's makhana supply — operational May 2026. Guided…A&P spend as % of revenue in H1 FY27 vs FY27 guidance of ₹85-₹95 Cr; any step-up beyond guided range without corresponding gross margin expansion is…
Omnichannel Distribution Scale-UpMEDIUM350+ field sales personnel, 16,000+ General Trade touchpoints; Quick Commerce at 5-7% of revenue, targeting 10%+ by FY27 year-end.A&P spend as % of revenue in H1 FY27 vs FY27 guidance of ₹85-₹95 Cr; any step-up beyond guided range without corresponding gross margin expansion is…
Everything further down this page is evidence for or against these.
the numbers
CYCLE_BOTTOM
the price
stage 2, above the 200-day line
the why
NEAR_TROUGH
FY25-Q2FY26-Q4
1 · Operating leverageQUIET
2 · Value-added mixBUILDING
3 · Management changeQUIET
4 · Paying down debtQUIET
5 · Regulatory approvalQUIET
6 · Order-book winsBUILDING
7 · ConsolidationQUIET
8 · Demerger or value unlockQUIET
9 · BuybackQUIET
10 · New geographiesQUIET
11 · Selling more to existing customersQUIET
12 · New product launchQUIET
13 · Mandatory normsQUIET
14 · A bigger market to sell intoBUILDING
15 · Market-share gainsQUIET
16 · Asset qualityQUIET

Lever 2 · Value-added mix — BUILDING. Core Dry Fruits / Wholesome Nutrition mix moved from 59/41 (FY25) to 52/48 (FY26), driving gross margin toward 22.1%; FY28 target is 42/58 with gross margin 27%. What proves it keeps working: Wholesome Nutrition Mix Shift. It stops working if A&P spend as % of revenue in H1 FY27 vs FY27 guidance of ₹85-₹95 Cr; any step-up beyond guided range without corresponding gross margin expansion is a red flag.

Lever 6 · Order-book wins — BUILDING. 2,500-tonne makhana processing unit at Billori, Purnia — source of 90%+ of India's makhana supply — operational May 2026. Guided 300+ bps margin improvement at full utilisation. What proves it keeps working: Bihar Makhana Backward Integration. It stops working if A&P spend as % of revenue in H1 FY27 vs FY27 guidance of ₹85-₹95 Cr; any step-up beyond guided range without corresponding gross margin expansion is a red flag.

Lever 14 · A bigger market to sell into — BUILDING. 350+ field sales personnel, 16,000+ General Trade touchpoints; Quick Commerce at 5-7% of revenue, targeting 10%+ by FY27 year-end. What proves it keeps working: Omnichannel Distribution Scale-Up. It stops working if A&P spend as % of revenue in H1 FY27 vs FY27 guidance of ₹85-₹95 Cr; any step-up beyond guided range without corresponding gross margin expansion is a red flag.

Sources: our stock research file (31 May 2026) · quarterly results through Mar 26 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes.

The whole page in one table — every row jumps to its section
SectionWhere it is nowVs a year agoThe one thing to watch nextRead
Margin1.6%Wholesome Nutrition Mix Shift
Revenue₹288 CrBihar Makhana Backward Integration
03 · Revenue

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

Proventus Agrocom Ltd reported ₹535 Cr of revenue in the Mar 26 quarter, +85.8% year on year. That is the 2nd straight quarter of year-on-year growth. Over 5 years it has compounded at 25.2% a year. The last full year, FY26, came in at ₹925 Cr. The last four reported quarters add to ₹1,506 Cr.

Why this happened. The Bihar plant is a moat-building move: securing supply at origin, reducing procurement cost, enabling flavoured/value-added makhana at scale (ref C005). Makhana category is growing 25-30% CAGR per management (ref C023), with the potential to exceed the almond market in 5-7 years. The 300 bps margin improvement guidance is post-full-commissioning — not yet reflected in FY26 financials.

FY26 revenue came in at ₹925 Cr (+59.2% on the year), capping 5 years at 25.2% compound. The latest quarter (Mar 26) printed ₹535 Cr, +85.8% year on year — the 2nd consecutive quarter of year-over-year growth.

FY26 revenue ₹925 Cr (+59.2% YoY) Revenue bars, ₹ Cr (left); YoY growth-% line (right). 6-year window. A bar is red when it is lower than the year before.
25.2% a year over 5 years
RevenueYoY growth
99964%74948%50032%25016%00.0%₹ Cr%₹92559.2%FY21FY23FY26
99964%74948%50032%25016%00.0%₹ Cr%₹92559.2%FY21FY23FY26
Mar 26: ₹535 Cr (+85.8% 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
57893%43367%28942%14417%0−8.7%₹ Cr%₹53585.8%Sep 23Sep 24Mar 26
57893%43367%28942%14417%0−8.7%₹ Cr%₹53585.8%Sep 23Sep 24Mar 26

Pace check: the last four quarters averaged +40.8% growth against the decade's 25.2% — the current year is running faster than its own long-run rate.

Watch next
MetricBihar Makhana Backward Integration
ThresholdA&P spend as % of revenue in H1 FY27 vs FY27 guidance of ₹85-₹95 Cr; any step-up beyond guided range without corresponding gross margin expansion is a red flag.
Which resultthe next result
04 · 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.

Proventus Agrocom Ltd's operating margin is 1.8% in the Mar 26 quarter, +0.2 percentage points against the same quarter a year ago. That is the widest this company has ever printed on a full-year basis. Across the last four quarters the operating margin has moved −0.1 percentage points. Across 6 fiscal years the operating margin has ranged 1.1% to 2.0%.

Why this happened. The central value-creation mechanism. Makhana, seeds, walnuts, pistachios, figs, and trail mixes carry structurally higher margins than bulk almonds and cashews. FY26 marks the first year Wholesome Nutrition exceeded 45% of revenue (ref C003). Management guides 5% annual mix shift — from 48% in FY26 to 58% in FY28 (ref C019). At 58%, gross margin is guided to reach 27%, which would transform profitability assuming marketing spend declines as a % of sales post-FY28.

The latest quarter's operating margin is 1.8%, +0.2 pp against the same quarter a year ago. Across 6 fiscal years the operating margin has ranged 1.1%–2.0%, and FY26's 2.0% is the top of that band — a record year.

🚨 Why the margin moved: operating margin went −0.2 pp year on year while gross margin went −0.6 pp — the loss came mostly from the gross line: input costs and pricing.

Worth repeating from the valuation section: cheap against its own history on record margins is not the same thing as cheap — a record margin flatters every ratio built on top of it.

FY26: 2.0% Operating margin by fiscal year, %, line (left); year-on-year change in the margin, in percentage points, line (right). 6-year window.
the widest a 1.1–2.0% band over 6 years
operating marginYoY change (pp)
2.1%0.5%1.8%0.4%1.6%0.2%1.3%0.0%1.0%−0.1%%%2%0.2%FY21FY23FY26
2.1%0.5%1.8%0.4%1.6%0.2%1.3%0.0%1.0%−0.1%%%2%0.2%FY21FY23FY26
Mar 26: 1.8% operating margin (+0.2 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)
2.4%0.5%2.2%0.3%1.9%0.0%1.7%−0.2%1.5%−0.4%%%1.8%0.2%Sep 23Sep 24Mar 26
2.4%0.5%2.2%0.3%1.9%0.0%1.7%−0.2%1.5%−0.4%%%1.8%0.2%Sep 23Sep 24Mar 26
Watch next
MetricWholesome Nutrition Mix Shift
ThresholdA&P spend as % of revenue in H1 FY27 vs FY27 guidance of ₹85-₹95 Cr; any step-up beyond guided range without corresponding gross margin expansion is a red flag.
Which resultthe next result
05 · Net profit

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

Proventus Agrocom Ltd earned ₹8.0 Cr of net profit in the Mar 26 quarter, +166.7% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹14.0 Cr. The 5-year compound rate is 47.6%. That is 1.5% of the quarter's revenue. The same quarter a year earlier earned ₹5.0 Cr.

Mar 26 profit was ₹8.0 Cr, +166.7% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹14.0 Cr (+100.0%), and the 5-year compound rate is 47.6%.

FY26 profit ₹14.0 Cr (+100.0% YoY) Net profit bars, ₹ Cr (left); YoY growth-% line (right). 6-year window. A bar is red when it is lower than the year before.
47.6% a year over 5 years
Net profitYoY growth
15328%11227%8125%424%0−78%₹ Cr%₹14100%FY21FY23FY26
15328%11227%8125%424%0−78%₹ Cr%₹14100%FY21FY23FY26
Mar 26: ₹8.0 Cr (+166.7% 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
9183%6123%463%23.4%0−57%₹ Cr%₹8166.7%Sep 23Sep 24Mar 26
9183%6123%463%23.4%0−57%₹ Cr%₹8166.7%Sep 23Sep 24Mar 26

Why profit moved: revenue contributed +85.8% and the margin +0.2 pp — the quarter was revenue-led, with the margin roughly flat.

Pace comparison, last four quarters: profit +79.2% vs revenue +40.8%. 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.

06 · 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 4% of Proventus Agrocom Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹9.0 Cr of operating cash against ₹14.0 Cr of profit. After ₹2.0 Cr of capital spending, ₹7.0 Cr was left as free cash.

FY26: operating cash of ₹9.0 Cr against reported profit of ₹14.0 Cr, leaving free cash of ₹7.0 Cr after ₹2.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 4% of profit.

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

FY26: CFO ₹9.0 Cr vs profit ₹14.0 Cr Operating cash flow and net profit by fiscal year, ₹ Cr; the line is free cash flow (CFO minus capital spending). 6-year window, annual resolution.
4% of 3-year profit arrived as cash
Operating cashNet profitFree cash
1681−7−15₹ Cr₹9₹14₹7FY21FY23FY26
1681−7−15₹ Cr₹9₹14₹7FY21FY23FY26
FY26: CFO = 64% of profit (three-year rate 4%) Operating cash as a share of net profit, per fiscal year, % (line). Dashed line = 100% — every unit of profit arriving as cash.
Conversion100%
116%58%0.0%−58%−116%%64%FY21FY23FY26
116%58%0.0%−58%−116%%64%FY21FY23FY26

🚨 Why conversion sits at 4%: the cash cycle tightened 19 days between FY21 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 3.8× depreciation over three years, so the next section's job is to check what that build-out is buying.

07 · 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).

Proventus Agrocom Ltd's cash conversion cycle runs 31 days in FY26, down from 50 days in FY21. Capital spending ran ₹15.0 Cr over the last 3 years. At FY26 sales of ₹925 Cr each day of that cycle holds about ₹2.5 Cr, so roughly ₹79.0 Cr sits inside the business at any moment.

FY26: debtors at 15 days, inventory at 26 days — roughly 0.9 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 31 days, tighter than FY21's 50.

The full loop: cash goes out to suppliers and production on day 0; stock waits 26 days to sell; customers pay about 15 days after that; and suppliers themselves are paid at 10 days — netting out to the 31-day cycle.

In money terms: at FY26 sales of ₹925 Cr, each day of the cycle holds about ₹2.5 Cr — so the 31-day loop keeps roughly ₹79.0 Cr sitting inside the business at any moment.

FY26: a 31-day cash cycle Debtor days, inventory days, payable days and the cash conversion cycle by fiscal year. 6-year window.
−19 days vs FY21
Cash cycleInventory daysDebtor daysPayable days
534130186days31d26d15d10dFY21FY22FY23FY24FY26
534130186days31d26d15d10dFY21FY23FY26

On the investment side: capital spending of ₹15.0 Cr over the last 3 fiscal years against ₹4.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹10.0 Cr (FY26) — capacity paid for but not yet earning.

FY26: capex ₹2.0 Cr, work-in-progress ₹10.0 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
129630₹ Cr₹2₹10FY22FY23FY24FY25FY26
129630₹ Cr₹2₹10FY22FY24FY26

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

08 · 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.

Proventus Agrocom Ltd earns a ROCE of 12% in FY26. That is up from a trough of 5% in FY22. Return on invested capital clears the cost of that capital by −0.7 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 1.5% net margin on 4.67× asset turns.

FY26 ROCE is 12%, recovered from a FY22 trough of 5% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 1.5% net margin × 4.67× asset turns × 1.38× balance-sheet leverage ≈ 9.7% on equity. Margin does its share; leverage is modest — this is an earned return, not a borrowed one.

The capstone test — ROIC − WACC: 11.3% − 12.0% = a −0.7 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 12% Return on capital employed by fiscal year, % (line). 5-year window, dips included. Dashed line = the 12.0% cost of capital used on this page.
the climb back from FY22's 5%
ROCEWACC
13%11%8.5%6.5%4.4%%12%FY22FY23FY24FY25FY26
13%11%8.5%6.5%4.4%%12%FY22FY24FY26
09 · Debt

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Proventus Agrocom Ltd carries ₹27.0 Cr of borrowings against ₹144 Cr of equity in FY26, a debt-to-equity of 0.19. Operating profit covers the interest bill 19×. Over 5 years borrowings went from ₹29.0 Cr to ₹27.0 Cr. Capital spending ran ₹15.0 Cr across the last 3 of those years.

FY26: borrowings of ₹27.0 Cr against equity of ₹144 Cr — a debt-to-equity of 0.19. Operating profit covers the interest bill 19×. Over 5 years borrowings went from ₹29.0 Cr to ₹27.0 Cr while capital spending ran ₹15.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.

FY26: borrowings ₹27.0 Cr at 0.19× equity Borrowings by fiscal year, ₹ Cr (bars); debt-to-equity, × (line). 6-year window. Quarterly balance-sheet history is not held for India — annual is the honest resolution.
debt is falling while the business grows
BorrowingsDebt-to-equity
370.7×280.5×180.3×90.2×00.0×₹ Cr×₹270.19×FY21FY22FY23FY24FY26
370.7×280.5×180.3×90.2×00.0×₹ Cr×₹270.19×FY21FY23FY26
10 · 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 3.6 points of Proventus Agrocom Ltd over 6 quarters, the biggest move on the register. That takes promoters to 67.2% of the company. Domestic institutions moved +1.2 points over the same window, to 1.2%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Promoters: −3.6 points over 6 quarters to 67.2%; Domestic institutions: +1.2 points over 6 quarters to 1.2%.

🚨 Why the register moved: promoters drove it (−3.6 points), absorbed on the other side by domestic institutions (+1.2 points) — distribution into the market’s bid.

Fiscal-year ends: promoters −3.6 pts from Mar 24 to Mar 26 Shareholding at each fiscal-year end (March quarter), % of the company. 3 year-ends held.
PromotersDomestic inst.Public
77%56%35%15%−5.7%%67.2%1.2%31.6%Mar 24Mar 25Mar 26
77%56%35%15%−5.7%%67.2%1.2%31.6%Mar 24Mar 25Mar 26
Promoters cut 3.6 points over 6 quarters Shareholding by holder class, % of the company, quarterly, last 7 quarters.
PromotersDomestic inst.Public
77%56%35%15%−5.7%%67.2%1.2%31.6%Jun 23Sep 24Mar 26
77%56%35%15%−5.7%%67.2%1.2%31.6%Jun 23Sep 24Mar 26
11 · 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.

Proventus Agrocom Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

12 · 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.

Proventus Agrocom Ltd trades at 42.8× P/E, near the bottom of its own range — cheaper only 10% of the time. Its long-run median P/E is 74.8×, measured across 3.3 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 42.8× is near the bottom of its own range — cheaper only 10% of the time, against a long-run median of 74.8× measured over 3.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

One caveat before moving on: margins are the best this company has ever printed — cheap against its own history on record margins is not the same thing as cheap. If profitability mean-reverts, today's multiple is higher than it looks.

P/E 42.8× vs a 74.8× long-run median P/E, weekly (left axis); earnings per share, trailing twelve months, weekly (right axis). 3.3-year window; loss-period spikes above 195× shown pinned at the top. The eps (ttm) bars are red where the reading is lower than the quarter before.
near the bottom of its own range — cheaper only 10% of the time
P/EMedianEPS (TTM) (quarterly)
207.3×₹44.3161.3×₹33.2115.3×₹22.269.4×₹11.123.4×₹0.0×42.80×₹40Jun 23Apr 24Feb 25Dec 25Sep 26
207.3×₹44.3161.3×₹33.2115.3×₹22.269.4×₹11.123.4×₹0.0×42.80×₹40Jun 23Feb 25Sep 26
P/E
42.8×
10th percentile of 3y

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

13 · 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).

Proventus Agrocom 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. The read is built from 4 quarters across 1 curve, on partial evidence.

Growth, year by year: revenue +59.2% in FY26, profit +100.0% Year-over-year growth per fiscal year, %: revenue (left axis); net profit and EPS (right axis — profit growth swings far wider). Zero line drawn.
Revenue YoYProfit YoYEPS YoY
64%328%48%227%32%125%16%24%0.0%−78%%%59.2%100%FY21FY23FY26
64%328%48%227%32%125%16%24%0.0%−78%%%59.2%100%FY21FY23FY26
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. A missing point means that reading is not held for the quarter.
the trajectory the stage is read from
RevenueProfit
93%183%67%123%42%63%17%3.4%−8.7%−57%%%85.8%166.7%Sep 23Sep 24Mar 26
93%183%67%123%42%63%17%3.4%−8.7%−57%%%85.8%166.7%Sep 23Sep 24Mar 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
12%11%9.0%7.3%5.5%%12%FY23FY24FY26
12%11%9.0%7.3%5.5%%12%FY23FY24FY26
ROCE
Rising
latest 12.0% · span 6.0%–12.0%

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+59.2%+30.2%+25.2%
Profit+100.0%+51.8%+47.6%
EPS+91.8%+46.6%+43.1%
Revenue YoY (Mar 26)
+85.8%
latest quarter vs a year ago
Profit YoY (Mar 26)
+166.7%
latest quarter vs a year ago
Revenue 10y
25.2%
long-run compound pace
14 · 4-Factor Sector Score

4-Factor Sector Score

56.7/100 — rank 42 of 52 in Trading · 48% evidence confidence · provisional, ranked below fully-evidenced peers

Proventus Agrocom Ltd scores 56.7 out of 100 against the 52 companies it is compared with in Trading, ranking 42. Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

The four contributions add to the total exactly: 19.6 + 12.4 + 13.1 + 11.6 = 56.7. 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.

15 · Related companies · Trading
CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Onix Solar Energy LtdONIXSOLAR 70.9/100Favorable setup69% evidence 28.9/35 Revenue 26.2% · PAT 100% · OPM change 23 pp 95% evidence 18.3/25 ROCE 32% · OPM 30% 76% evidence 10.3/20 P/E 24.4× · PEG — 15% evidence 13.4/20 RS sector 68.4% · RS bench -3.5% · 1Y 49.1%12 of 12 weeks ahead 70% evidence
Exact sum: 28.9 + 18.3 + 10.3 + 13.4 = 70.9 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Rashi Peripherals LtdRPTECH 69.0/100Favorable setup75% evidence LEADER 24.9/35 Revenue 40.4% · PAT 50.2% · OPM change -0.3 pp 95% evidence 14.7/25 ROCE 17% · OPM 3% 76% evidence 10.7/20 P/E 17.1× · PEG — 15% evidence 18.7/20 RS sector 51.6% · RS bench 69.1% · 1Y 176.9%12 of 12 weeks ahead 100% evidence
Exact sum: 24.9 + 14.7 + 10.7 + 18.7 = 69 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Nupur Recyclers LtdNRL 67.9/100Favorable setup87% evidence LEADER 22.5/35 Revenue 40.6% · PAT 29.8% · OPM change 3.6 pp 95% evidence 16.5/25 ROCE 15.1% · OPM 11.6% 95% evidence 9.2/20 P/E 53.6× · PEG — 50% evidence 19.7/20 RS sector 66.4% · RS bench 88.4% · 1Y 89.6%12 of 12 weeks ahead 100% evidence
Exact sum: 22.5 + 16.5 + 9.2 + 19.7 = 67.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Magnus Steel & Infra Ltd517320 67.5/100Thin evidence · provisional56% evidence 27.8/35 Revenue 100% · PAT 100% · OPM change 1.6 pp 83% evidence 18.5/25 ROCE 171% · OPM 21.3% 76% evidence 9.2/20 P/E 92.5× · PEG — 15% evidence 12.0/20 RS sector — · RS bench 46.1% · 1Y 1449.6%0 of 1 week ahead to 2026-06-28 25% evidence
Exact sum: 27.8 + 18.5 + 9.2 + 12 = 67.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5Vision Infra Equipment Solutions LtdVIESL 67.3/100Thin evidence · provisional56% evidence TURNING 19.0/35 Revenue — · PAT — · OPM change 0 pp 26% evidence 19.8/25 ROCE 22.6% · OPM 26% 95% evidence 10.9/20 P/E 14.9× · PEG — 15% evidence 17.6/20 RS sector 26.9% · RS bench 44.5% · 1Y 122.8%9 of 12 weeks ahead 100% evidence
Exact sum: 19 + 19.8 + 10.9 + 17.6 = 67.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Shankara Buildpro LtdBUILDPRO 63.3/100Mixed-positive evidence63% evidence BREAKING OUT 25.6/35 Revenue 26.3% · PAT 41.9% · OPM change -0.2 pp 100% evidence 17.3/25 ROCE 39% · OPM 3.2% 100% evidence 10.4/20 P/E 22.8× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —8 of 12 weeks ahead 0% evidence
Exact sum: 25.6 + 17.3 + 10.4 + 10 = 63.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Ivalue Infosolutions LtdIVALUE 60.4/100Mixed-positive evidence60% evidence ASLEEP 20.6/35 Revenue 5.4% · PAT 22.1% · OPM change 5.6 pp 95% evidence 18.6/25 ROCE 25.4% · OPM 10% 95% evidence 11.2/20 P/E 11.4× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -19.4%6 of 10 weeks ahead 0% evidence
Exact sum: 20.6 + 18.6 + 11.2 + 10 = 60.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Sudarshan Pharma Industries Ltd543828 60.3/100Mixed-positive evidence82% evidence LEADER 20.9/35 Revenue 32.9% · PAT 24.3% · OPM change 1.5 pp 95% evidence 13.6/25 ROCE 15.1% · OPM 9.1% 76% evidence 8.9/20 P/E 39.2× · PEG — 50% evidence 16.9/20 RS sector 17.5% · RS bench 33.4% · 1Y 25.2%12 of 12 weeks ahead 100% evidence
Exact sum: 20.9 + 13.6 + 8.9 + 16.9 = 60.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Euro Pratik Sales LtdEUROPRATIK 59.9/100Mixed-positive evidence73% evidence ASLEEP 15.1/35 Revenue 23.9% · PAT 29% · OPM change -8 pp 100% evidence 19.5/25 ROCE 38.4% · OPM 26% 100% evidence 15.3/20 P/E 29.1× · PEG 0.62 65% evidence 10.0/20 RS sector — · RS bench — · 1Y 4.7%6 of 10 weeks ahead 0% evidence
Exact sum: 15.1 + 19.5 + 15.3 + 10 = 59.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
10Tembo Global Industries LtdTEMBO 59.0/100Mixed-positive evidence80% evidence TURNING 22.2/35 Revenue 34% · PAT 55.7% · OPM change 5 pp 95% evidence 18.4/25 ROCE 22.8% · OPM 16% 95% evidence 11.3/20 P/E 10.2× · PEG — 15% evidence 7.1/20 RS sector -17.4% · RS bench -4.5% · 1Y -10.2%2 of 12 weeks ahead 100% evidence
Exact sum: 22.2 + 18.4 + 11.3 + 7.1 = 59 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Mangalam Global Enterprise LtdMGEL 58.7/100Mixed-positive evidence80% evidence 25.7/35 Revenue 41.4% · PAT 100% · OPM change 0.5 pp 95% evidence 15.8/25 ROCE 17% · OPM 1.9% 95% evidence 11.1/20 P/E 13× · PEG — 15% evidence 6.1/20 RS sector -14.5% · RS bench -0.2% · 1Y -3.5%6 of 7 weeks ahead to 2026-08-09 100% evidence
Exact sum: 25.7 + 15.8 + 11.1 + 6.1 = 58.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -14.5% and the one-year return is -3.5%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
12Arisinfra Solutions LtdARIS 57.6/100Mixed-positive evidence65% evidence TURNING 22.0/35 Revenue 45.3% · PAT 100% · OPM change 2 pp 95% evidence 15.1/25 ROCE 15.6% · OPM 11% 95% evidence 10.8/20 P/E 15.5× · PEG — 15% evidence 9.7/20 RS sector — · RS bench -1.2% · 1Y -12.3%4 of 10 weeks ahead 25% evidence
Exact sum: 22 + 15.1 + 10.8 + 9.7 = 57.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Aayush Art and Bullion Ltd540718 56.4/100Thin evidence · provisional54% evidence BREAKING OUT 21.2/35 Revenue 100% · PAT — · OPM change 1.6 pp 35% evidence 13.2/25 ROCE 18.9% · OPM 6% 76% evidence 8.9/20 P/E 245× · PEG — 15% evidence 13.1/20 RS sector -1.1% · RS bench 13.5% · 1Y 29.2%3 of 12 weeks ahead 100% evidence
Exact sum: 21.2 + 13.2 + 8.9 + 13.1 = 56.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14Patel Retail LtdPATELRMART 53.8/100Mixed-positive evidence65% evidence ASLEEP 18.1/35 Revenue 42.3% · PAT 59.7% · OPM change -2.2 pp 95% evidence 14.3/25 ROCE 15.3% · OPM 6.1% 95% evidence 10.8/20 P/E 16.9× · PEG — 15% evidence 10.6/20 RS sector — · RS bench 2.8% · 1Y -18.4%5 of 10 weeks ahead 25% evidence
Exact sum: 18.1 + 14.3 + 10.8 + 10.6 = 53.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
15Prostarm Info Systems LtdPROSTARM 52.0/100Mixed-positive evidence65% evidence BASING 17.1/35 Revenue 30.5% · PAT 19.1% · OPM change 1.4 pp 95% evidence 16.1/25 ROCE 18% · OPM 8.5% 95% evidence 10.5/20 P/E 22× · PEG — 15% evidence 8.3/20 RS sector — · RS bench -12.2% · 1Y -35.5%0 of 10 weeks ahead 25% evidence
Exact sum: 17.1 + 16.1 + 10.5 + 8.3 = 52 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Fabtech Technologies LtdFABTECH 50.8/100Thin evidence · provisional52% evidence TURNING 17.5/35 Revenue 14.2% · PAT 41% · OPM change 14.8 pp 71% evidence 12.3/25 ROCE 13.6% · OPM 5.7% 95% evidence 11.0/20 P/E 13.4× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —0 of 10 weeks ahead 0% evidence
Exact sum: 17.5 + 12.3 + 11 + 10 = 50.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
17Lloyds Enterprises LtdLLOYDSENT 50.3/100Mixed-positive evidence75% evidence TURNING 18.1/35 Revenue 33% · PAT -21.4% · OPM change 9 pp 95% evidence 11.3/25 ROCE 3.7% · OPM 16% 76% evidence 9.1/20 P/E 93.3× · PEG — 15% evidence 11.8/20 RS sector -5% · RS bench 8.7% · 1Y -6%10 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 11.3 + 9.1 + 11.8 = 50.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
18BMW Ventures LtdBMW 50.0/100Thin evidence · provisional55% evidence 16.9/35 Revenue 18.5% · PAT 24.2% · OPM change -0.6 pp 95% evidence 11.9/25 ROCE 12% · OPM 3.4% 76% evidence 11.2/20 P/E 12.2× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -18.7%0 of 10 weeks ahead 0% evidence
Exact sum: 16.9 + 11.9 + 11.2 + 10 = 50 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
19SG Mart LtdSGMART 48.9/100Mixed-negative evidence93% evidence LEADER 13.9/35 Revenue 10.4% · PAT 14.7% · OPM change 1.4 pp 100% evidence 8.6/25 ROCE 10.2% · OPM 4.5% 100% evidence 8.2/20 P/E 76.1× · PEG 1.92 65% evidence 18.2/20 RS sector 34.9% · RS bench 51.7% · 1Y 106.8%12 of 12 weeks ahead 100% evidence
Exact sum: 13.9 + 8.6 + 8.2 + 18.2 = 48.9 · Decision use: Price leads the evidence: RS versus the benchmark is 51.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
20Bizotic Commercial Ltd543926 48.7/100Thin evidence · provisional58% evidence BASING 19.8/35 Revenue — · PAT — · OPM change 0 pp 26% evidence 18.6/25 ROCE 26.8% · OPM 8% 76% evidence 9.7/20 P/E 34.1× · PEG — 50% evidence 0.6/20 RS sector -86.7% · RS bench -18.3% · 1Y -72.4%0 of 12 weeks ahead 100% evidence
Exact sum: 19.8 + 18.6 + 9.7 + 0.6 = 48.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
21Yogi LtdYOGI 47.9/100Thin evidence · provisional58% evidence 20.3/35 Revenue 97.5% · PAT 68.1% · OPM change -5.9 pp 62% evidence 9.9/25 ROCE 12.8% · OPM 2.6% 76% evidence 9.5/20 P/E 54.1× · PEG — 15% evidence 8.2/20 RS sector -6.5% · RS bench -2.1% · 1Y -11.1%2 of 12 weeks ahead 70% evidence
Exact sum: 20.3 + 9.9 + 9.5 + 8.2 = 47.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
22Shiv Aum Steels LtdSHIVAUM 47.4/100Thin evidence · provisional55% evidence BREAKING OUT 16.9/35 Revenue — · PAT — · OPM change 1.3 pp 45% evidence 11.4/25 ROCE 8% · OPM 4.7% 95% evidence 7.2/20 P/E 66.8× · PEG — 50% evidence 11.9/20 RS sector — · RS bench 38.3% · 1Y —6 of 6 weeks ahead 25% evidence
Exact sum: 16.9 + 11.4 + 7.2 + 11.9 = 47.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
23Dhunseri Ventures LtdDVL 46.8/100Mixed-negative evidence87% evidence BREAKING OUT 12.6/35 Revenue -20% · PAT 31.7% · OPM change -12 pp 95% evidence 9.7/25 ROCE 6.7% · OPM 39% 95% evidence 11.9/20 P/E 5.3× · PEG — 50% evidence 12.6/20 RS sector -7.1% · RS bench 8% · 1Y -14.9%7 of 12 weeks ahead 100% evidence
Exact sum: 12.6 + 9.7 + 11.9 + 12.6 = 46.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24Adani Enterprises LtdADANIENT 45.5/100Mixed-negative evidence93% evidence TURNING 14.3/35 Revenue 18.1% · PAT 4.2% · OPM change 0 pp 100% evidence 8.5/25 ROCE 5.8% · OPM 15% 100% evidence 7.7/20 P/E 174× · PEG 1.96 65% evidence 15.0/20 RS sector 8.6% · RS bench 23.9% · 1Y 38.4%10 of 12 weeks ahead 100% evidence
Exact sum: 14.3 + 8.5 + 7.7 + 15 = 45.5 · Decision use: Price leads the evidence: RS versus the benchmark is 23.9%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
25MMTC LtdMMTC 44.8/100Mixed-negative evidence96% evidence ASLEEP 15.1/35 Revenue 0% · PAT 100% · OPM change -1270 pp 100% evidence 8.0/25 ROCE 8.7% · OPM — 84% evidence 15.3/20 P/E 46.1× · PEG 0.92 100% evidence 6.4/20 RS sector -14.9% · RS bench -1.9% · 1Y -4.1%3 of 12 weeks ahead 100% evidence
Exact sum: 15.1 + 8 + 15.3 + 6.4 = 44.8 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
26State Trading Corporation of India LtdSTCINDIA 42.5/100Mixed-negative evidence67% evidence ASLEEP 19.6/35 Revenue — · PAT 100% · OPM change -14.6 pp 67% evidence 5.6/25 ROCE -0.9% · OPM — 80% evidence 11.9/20 P/E 14× · PEG — 50% evidence 5.4/20 RS sector -28.7% · RS bench -5.6% · 1Y -5.6%2 of 11 weeks ahead 70% evidence
Exact sum: 19.6 + 5.6 + 11.9 + 5.4 = 42.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27RRP Semiconductor LtdRRP 41.1/100Thin evidence · provisional54% evidence 11.4/35 Revenue -80% · PAT -80% · OPM change 3.3 pp 71% evidence 5.4/25 ROCE -32.7% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 14.3/20 RS sector 65.3% · RS bench 0.8% · 1Y 66.5%0 of 1 week ahead 70% evidence
Exact sum: 11.4 + 5.4 + 10 + 14.3 = 41.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
28Cropster Agro Ltd523105 40.7/100Mixed-negative evidence65% evidence 16.0/35 Revenue 28.4% · PAT 6.5% · OPM change 2.1 pp 83% evidence 11.3/25 ROCE 12.4% · OPM 8.7% 76% evidence 10.1/20 P/E 31× · PEG — 15% evidence 3.3/20 RS sector -72.7% · RS bench -62.7% · 1Y -83.2%0 of 1 week ahead to 2026-08-09 70% evidence
Exact sum: 16 + 11.3 + 10.1 + 3.3 = 40.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
29Hexa Tradex LtdHEXATRADEX 40.3/100Mixed-negative evidence65% evidence BASING 17.2/35 Revenue 0.4% · PAT 70.3% · OPM change 13.6 pp 71% evidence 6.1/25 ROCE -0.1% · OPM — 80% evidence 10.0/20 P/E — · PEG — 0% evidence 7.0/20 RS sector -16.8% · RS bench -3.7% · 1Y -12.7%0 of 12 weeks ahead 100% evidence
Exact sum: 17.2 + 6.1 + 10 + 7 = 40.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
30Hardwyn India LtdHARDWYN 40.2/100Mixed-negative evidence87% evidence ASLEEP 13.8/35 Revenue 2.6% · PAT -8.5% · OPM change -0.2 pp 95% evidence 12.5/25 ROCE 4.8% · OPM 13% 95% evidence 12.1/20 P/E 50.6× · PEG — 50% evidence 1.8/20 RS sector -38.3% · RS bench -29.5% · 1Y -3.4%3 of 12 weeks ahead 100% evidence
Exact sum: 13.8 + 12.5 + 12.1 + 1.8 = 40.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
31Blue Pearl Agriventures LtdBPAGRI 39.8/100Mixed-negative evidence69% evidence 20.5/35 Revenue 19.3% · PAT 59.1% · OPM change 0.3 pp 95% evidence 6.3/25 ROCE 2.2% · OPM 3.3% 76% evidence 8.7/20 P/E 514× · PEG — 15% evidence 4.3/20 RS sector -33.5% · RS bench -82.5% · 1Y -91.2%1 of 12 weeks ahead 70% evidence
Exact sum: 20.5 + 6.3 + 8.7 + 4.3 = 39.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
32Pervasive Commodities Ltd517172 38.3/100Thin evidence · provisional52% evidence 12.7/35 Revenue 25.6% · PAT -8.3% · OPM change -6.1 pp 95% evidence 5.6/25 ROCE 0% · OPM -10.2% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 12.7 + 5.6 + 10 + 10 = 38.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
33Riddhi Siddhi Gluco Biols Ltd524480 38.0/100Mixed-negative evidence82% evidence FADING 12.4/35 Revenue -38% · PAT 38.4% · OPM change -2.8 pp 95% evidence 6.6/25 ROCE 2.7% · OPM -3% 76% evidence 6.5/20 P/E 37.3× · PEG — 50% evidence 12.5/20 RS sector 10.5% · RS bench 25.4% · 1Y 33.5%9 of 12 weeks ahead 100% evidence
Exact sum: 12.4 + 6.6 + 6.5 + 12.5 = 38 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
34PTC India LtdPTC 36.6/100Mixed-negative evidence82% evidence BASING 11.2/35 Revenue 13.3% · PAT -43.1% · OPM change -3.9 pp 95% evidence 12.6/25 ROCE 13.4% · OPM 3.1% 76% evidence 9.7/20 P/E 8.8× · PEG — 50% evidence 3.1/20 RS sector -21.6% · RS bench -9.8% · 1Y -13%0 of 12 weeks ahead 100% evidence
Exact sum: 11.2 + 12.6 + 9.7 + 3.1 = 36.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
35Neueon Corporation LtdNEUEON 35.6/100Thin evidence · provisional59% evidence ASLEEP 9.1/35 Revenue 17.8% · PAT -80% · OPM change -1039 pp 71% evidence 3.7/25 ROCE -40.4% · OPM — 80% evidence 10.0/20 P/E — · PEG — 0% evidence 12.8/20 RS sector 12.7% · RS bench -1.5% · 1Y —1 of 12 weeks ahead 70% evidence
Exact sum: 9.1 + 3.7 + 10 + 12.8 = 35.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
36Kothari Industrial Corporation LtdKOTIC 34.2/100Adverse evidence63% evidence BASING 18.8/35 Revenue 75.9% · PAT -80% · OPM change -41.8 pp 71% evidence 1.6/25 ROCE -28.9% · OPM -43% 95% evidence 10.0/20 P/E — · PEG — 0% evidence 3.8/20 RS sector -58.6% · RS bench -43.5% · 1Y -77.5%0 of 9 weeks ahead 70% evidence
Exact sum: 18.8 + 1.6 + 10 + 3.8 = 34.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
37Shanti Overseas (India) LtdSHANTI 32.3/100Thin evidence · provisional56% evidence 11.2/35 Revenue -63.4% · PAT 100% · OPM change -200.5 pp 40% evidence 4.5/25 ROCE -25.2% · OPM -216.5% 71% evidence 13.1/20 P/E 3× · PEG — 50% evidence 3.5/20 RS sector -60.4% · RS bench -49.7% · 1Y -47.1%0 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 11.2 + 4.5 + 13.1 + 3.5 = 32.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
38BN Agrochem LtdBNAGROCHEM 32.2/100Adverse evidence77% evidence ASLEEP 12.9/35 Revenue 84.5% · PAT -61% · OPM change -9.4 pp 100% evidence 4.4/25 ROCE 4.4% · OPM 2.3% 100% evidence 9.0/20 P/E 117× · PEG — 15% evidence 5.9/20 RS sector -16.7% · RS bench -35.6% · 1Y -46.5%4 of 10 weeks ahead 70% evidence
Exact sum: 12.9 + 4.4 + 9 + 5.9 = 32.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
39Uniphos Enterprises LtdUNIENTER 30.4/100Adverse evidence69% evidence BASING 12.6/35 Revenue -77.1% · PAT 100% · OPM change -0.9 pp 71% evidence 4.6/25 ROCE 0.8% · OPM — 80% evidence 8.8/20 P/E 31.4× · PEG — 50% evidence 4.4/20 RS sector -43.6% · RS bench -22% · 1Y -41%1 of 10 weeks ahead 70% evidence
Exact sum: 12.6 + 4.6 + 8.8 + 4.4 = 30.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
40Oswal Agro Mills LtdOSWALAGRO 24.7/100Adverse evidence67% evidence 2.8/35 Revenue -80% · PAT -80% · OPM change -21782.3 pp 95% evidence 7.8/25 ROCE 2% · OPM — 80% evidence 10.0/20 P/E — · PEG — 0% evidence 4.1/20 RS sector -50.3% · RS bench -32% · 1Y -49.6%0 of 6 weeks ahead to 2026-08-16 70% evidence
Exact sum: 2.8 + 7.8 + 10 + 4.1 = 24.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
41Mardia Samyoung Capillary Tubes Company LtdMSCTC 56.9/100Thin evidence · provisional32% evidence 20.8/35 Revenue 100% · PAT 100% · OPM change — 29% evidence 15.2/25 ROCE 22.6% · OPM 15.3% 57% evidence 8.6/20 P/E 687× · PEG — 15% evidence 12.3/20 RS sector — · RS bench 74.6% · 1Y 93.7%6 of 12 weeks ahead to 2026-03-08 25% evidence
Exact sum: 20.8 + 15.2 + 8.6 + 12.3 = 56.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
42Proventus Agrocom Ltdthis pagePROV 56.7/100Thin evidence · provisional48% evidence BREAKING OUT 19.6/35 Revenue — · PAT — · OPM change 0.2 pp 26% evidence 12.4/25 ROCE 11.5% · OPM 1.8% 95% evidence 13.1/20 P/E 42.8× · PEG — 50% evidence 11.6/20 RS sector — · RS bench 26.9% · 1Y —12 of 12 weeks ahead 25% evidence
Exact sum: 19.6 + 12.4 + 13.1 + 11.6 = 56.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
43DC Infotech & Communication LtdDCI 56.3/100Thin evidence · provisional35% evidence 18.6/35 Revenue — · PAT — · OPM change 0.3 pp 24% evidence 17.6/25 ROCE 22.9% · OPM 4.7% 76% evidence 10.6/20 P/E 20.4× · PEG — 15% evidence 9.5/20 RS sector — · RS bench -1.6% · 1Y — 25% evidence
Exact sum: 18.6 + 17.6 + 10.6 + 9.5 = 56.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
44SK Minerals & Additives Ltd544584 55.8/100Thin evidence · provisional36% evidence TURNING 16.6/35 Revenue — · PAT — · OPM change 1.3 pp 39% evidence 19.0/25 ROCE 26.2% · OPM 10.7% 76% evidence 10.2/20 P/E 29.5× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y —3 of 4 weeks ahead 0% evidence
Exact sum: 16.6 + 19 + 10.2 + 10 = 55.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
45Monika Alcobev LtdMONIKA 54.0/100Thin evidence · provisional22% evidence 16.4/35 Revenue — · PAT — · OPM change -2 pp 15% evidence 17.0/25 ROCE 21% · OPM 15% 57% evidence 10.6/20 P/E 20.4× · PEG — 15% evidence 10.0/20 RS sector — · RS bench — · 1Y -10.9%0 of 12 weeks ahead to 2026-03-08 0% evidence
Exact sum: 16.4 + 17 + 10.6 + 10 = 54 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
46Shah Foods Ltd519031 53.6/100Thin evidence · provisional18% evidence TURNING 17.1/35 Revenue — · PAT — · OPM change -10.7 pp 7% evidence 15.3/25 ROCE — · OPM 18% 30% evidence 8.8/20 P/E 276× · PEG — 15% evidence 12.4/20 RS sector — · RS bench 103.9% · 1Y —4 of 4 weeks ahead 25% evidence
Exact sum: 17.1 + 15.3 + 8.8 + 12.4 = 53.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
47Pramara Promotions LtdPRAMARA 51.7/100Thin evidence · provisional47% evidence 16.6/35 Revenue — · PAT — · OPM change -1 pp 15% evidence 13.9/25 ROCE 15.2% · OPM 15% 71% evidence 6.9/20 P/E 51.3× · PEG — 50% evidence 14.3/20 RS sector 7.9% · RS bench 29% · 1Y 34.5%10 of 12 weeks ahead to 2026-04-19 70% evidence
Exact sum: 16.6 + 13.9 + 6.9 + 14.3 = 51.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
48Manbro Industries Ltd512595 50.9/100Thin evidence · provisional22% evidence 18.3/35 Revenue — · PAT — · OPM change 32.8 pp 5% evidence 13.1/25 ROCE — · OPM 6.6% 23% evidence 10.0/20 P/E — · PEG — 0% evidence 9.5/20 RS sector -17.3% · RS bench 37.2% · 1Y 62.6%12 of 12 weeks ahead to 2026-05-03 70% evidence
Exact sum: 18.3 + 13.1 + 10 + 9.5 = 50.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
49Le Merite Exports LtdLEMERITE 47.2/100Thin evidence · provisional40% evidence 18.9/35 Revenue — · PAT — · OPM change 0.9 pp 15% evidence 9.1/25 ROCE 8.6% · OPM 2.8% 71% evidence 9.3/20 P/E 87× · PEG — 15% evidence 9.9/20 RS sector -9% · RS bench 15% · 1Y 28.1%2 of 12 weeks ahead to 2026-05-17 70% evidence
Exact sum: 18.9 + 9.1 + 9.3 + 9.9 = 47.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
50Satani Bearings Ltd505703 45.2/100Thin evidence · provisional38% evidence TURNING 20.5/35 Revenue — · PAT 100% · OPM change — 33% evidence 4.7/25 ROCE 1% · OPM -3.7% 76% evidence 8.6/20 P/E 5197× · PEG — 15% evidence 11.4/20 RS sector — · RS bench 24.9% · 1Y 176.6%1 of 11 weeks ahead 25% evidence
Exact sum: 20.5 + 4.7 + 8.6 + 11.4 = 45.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
51Keto Motors Ltd537392 43.3/100Thin evidence · provisional38% evidence TURNING 16.3/35 Revenue — · PAT 100% · OPM change — 33% evidence 6.0/25 ROCE -0.3% · OPM 10.7% 76% evidence 8.5/20 P/E 7503× · PEG — 15% evidence 12.5/20 RS sector — · RS bench 272.8% · 1Y —4 of 4 weeks ahead 25% evidence
Exact sum: 16.3 + 6 + 8.5 + 12.5 = 43.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
52A-1 LtdA1L 41.0/100Thin evidence · provisional50% evidence 16.2/35 Revenue 8.3% · PAT -30.6% · OPM change -0.9 pp 53% evidence 10.7/25 ROCE 10.6% · OPM 2.9% 57% evidence 8.8/20 P/E 383× · PEG — 15% evidence 5.3/20 RS sector -24.5% · RS bench -16% · 1Y -8.6%6 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 16.2 + 10.7 + 8.8 + 5.3 = 41 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

16 · Frequently asked questions

Frequently asked questions

What is Proventus Agrocom Ltd's share price today?

Proventus Agrocom Ltd trades at ₹1,721. The company is valued at ₹594 Cr. The stock sits at 74% of its 52-week range of ₹1,175–₹1,910, +18.9% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 20 weeks in. — as of 11 September 2026.

What were Proventus Agrocom Ltd's latest quarterly results?

Proventus Agrocom Ltd reported revenue of ₹535 Cr and net profit of ₹8.0 Cr for the Mar 26 quarter. Revenue rose 85.8% and profit rose 166.7% year on year. Earnings per share were ₹21.75. The operating margin was 1.8%, 0.2 pp higher than a year earlier. — as of 11 September 2026.

What is Proventus Agrocom Ltd's revenue?

Proventus Agrocom Ltd reported revenue of ₹535 Cr in the Mar 26 quarter, +85.8% year on year. For the full FY26 fiscal year, revenue was ₹925 Cr (+59.2%). Over the last 5 years revenue compounded at 25.2% a year. — as of 11 September 2026.

What is Proventus Agrocom Ltd's profit?

Proventus Agrocom Ltd earned ₹8.0 Cr of net profit in the Mar 26 quarter, +166.7% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹14.0 Cr. The operating margin ran 1.8% in the latest quarter. — as of 11 September 2026.

What is Proventus Agrocom Ltd's market cap?

Proventus Agrocom Ltd's market capitalisation is ₹594 Cr at a share price of ₹1,721. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.

What is Proventus Agrocom Ltd's P/E ratio?

Proventus Agrocom Ltd trades at a P/E of 42.8×, at the 10th percentile of its own 3-year range, against a long-run median of 74.8×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.

Does Proventus Agrocom Ltd pay a dividend?

No — Proventus Agrocom Ltd has recorded a dividend payout of 0% of profit in each of its last 6 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 11 September 2026.

Is Proventus Agrocom Ltd overvalued?

On its own history, Proventus Agrocom Ltd looks cheap: its P/E of 42.8× has been cheaper only 10% of the time in 3 years (long-run median 74.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. One caveat: margins are the best this company has ever printed — cheap on record margins is not the same thing as cheap. — as of 11 September 2026.

Is Proventus Agrocom Ltd growing?

Yes — Proventus Agrocom Ltd is growing: latest-quarter revenue +85.8% year on year, profit +166.7%, and the margin +0.2 pp at 1.8%. The 5-year compound rates are 25.2% (revenue) and 47.6% (profit). The earnings engine currently reads: improving — as of 11 September 2026.

How is Proventus Agrocom Ltd performing?

Proventus Agrocom Ltd is in a confirmed uptrend, 20 weeks in. Its latest quarter's revenue rose 85.8% and profit rose 166.7% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 6 weeks. This describes what the data did, not a rating. — as of 11 September 2026.

Is Proventus Agrocom Ltd in an uptrend?

Yes — the price is in a confirmed uptrend (week 20 of stage 2), trading +18.9% versus its 200-day average and at 74% 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 11 September 2026.

Is Proventus Agrocom Ltd beating the market?

On recent form, yes — Proventus Agrocom Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 6 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 6 months the stock moved +42% against the NIFTY 500's +9% — ahead of the index over the full window. — as of 11 September 2026.

Will Proventus Agrocom Ltd's share price go up?

This page publishes no price forecast for Proventus Agrocom Ltd. What it measures instead: the share price is ₹1,721, the price is in a confirmed uptrend 20 weeks in. Its P/E of 42.8× sits at the 10th percentile of its own 3-year range. — as of 11 September 2026.

Who owns Proventus Agrocom Ltd?

Promoters hold 67.2% of Proventus Agrocom Ltd, foreign institutions null%, domestic institutions 1.2% and the public 31.6% (latest quarter). The biggest move on the register over the last two years: Promoters cut 3.6 points over 6 quarters. — as of 11 September 2026.

Does Proventus Agrocom Ltd have too much debt?

No — Proventus Agrocom Ltd's debt-to-equity is 0.19, and operating profit covers the interest bill 19×. FY26 borrowings were ₹27.0 Cr against equity of ₹144 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.

What is Proventus Agrocom Ltd's capex?

Proventus Agrocom Ltd spent ₹15.0 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 ₹2.0 Cr, with ₹10.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.

What is Proventus Agrocom Ltd's cash flow?

Proventus Agrocom Ltd generated ₹9.0 Cr of operating cash flow in FY26 and ₹7.0 Cr of free cash flow after ₹2.0 Cr of capital spending. Reported profit that year was ₹14.0 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 11 September 2026.

Is Proventus Agrocom Ltd's profit real cash?

Not fully — over the last 3 fiscal years, 4% of Proventus Agrocom Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹9.0 Cr against reported profit of ₹14.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.

Where is Proventus Agrocom Ltd in its business cycle?

Proventus Agrocom Ltd's FY26 operating margin was 2.0%, against a 6-year band of 1.1%–2.0%: the top of the band — a record year. Record profitability is late-cycle territory: every ratio flatters at the top, and the story leans on margins holding. The latest quarter ran 1.8%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.

What could break the Proventus Agrocom Ltd story?

The sharpest disagreement: profits are rising, but only 4% 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 11 September 2026.

Is Proventus Agrocom Ltd a stock worth studying right now?

This is not investment advice. The machine read: Proventus Agrocom Ltd is coiled. The quarters are improving, yet the P/E sits at the 10th percentile of its own 3-year range — the business is moving before the market. 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 11 September 2026.

Sector Alpha — machine-written from the numbers · Data as of 2026-09-11. Every chart on this page is drawn by deterministic code from the raw series — no forecasts, no price opinions, and nothing here is investment advice.

Not SEBI Registered !! Not Investment advice !!

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