Krishival Foods Limited (KRISHIVAL) AI Stock Analysis

• Market Cap: ₹8.20B
• Dividend Yield: 0.06%
• Average Volume (3M): 9.80K
• Price to Earnings (P/E): 36.2
• Beta (1Y): -0.09
• Revenue Growth: 97.10%
• EPS Growth: 40.93%
• Country: IN
• Employees: 63
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Packaged Foods
• EPS (TTM): 2.75
• Shares Outstanding: 25,628,302
• 10 Day Avg. Volume: 4,545
• 30 Day Avg. Volume: 9,798
• PEG Ratio: 0.97
• Price to Book (P/B): 3.80
• Price to Sales (P/S): 2.54
• P/FCF Ratio: 15.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ₹336.00 ▼(-30.72% Downside)
• Action: Reiterated Date: 12/18/25
• Date: Action: Reiterated 12/18/25

Krishival Foods Limited's overall stock score reflects strong financial performance with robust revenue growth and a stable balance sheet. However, technical indicators suggest bearish momentum, and the high P/E ratio raises concerns about valuation. The absence of earnings call data and corporate events limits further insights.

Positive Factors

High Revenue Growth

Nearly 97% reported revenue growth reflects meaningful expansion of sales scale and market traction in its core nut products. Durable top-line growth improves bargaining leverage with suppliers, supports fixed-cost absorption, and creates a stronger base to invest in processing, distribution and brand over the next several quarters.

Conservative Leverage / Strong Equity Base

A healthy balance sheet with low debt-to-equity and a strong equity ratio gives the company financial resilience. Conservative leverage preserves borrowing capacity, lowers refinancing risk, and supports investment in working capital and expansion without pressuring cash flow during commodity cycles over the medium term.

Free Cash Flow Turnaround

Transitioning from negative to positive free cash flow and solid operating cash flow relative to net income signals improving cash conversion. This enhances financial flexibility, funds capex and working capital internally, and reduces dependence on external funding for steady growth and margin improvement.

Negative Factors

Declining Net Profit Margin

A modest decline in net profit margin suggests rising operating costs or compression after gross margins remained stable. Persisting margin erosion would reduce retained earnings and free cash flow, limiting reinvestment capacity and making the business more vulnerable to input-cost shocks over the next several quarters.

Commodity Cost Exposure

Earnings depend on the spread between volatile commodity procurement prices and realized selling prices. Structural exposure to raw nut price cycles can compress margins unpredictably; absent visible hedging or long-term supplier contracts, this elevates medium-term earnings volatility and planning risk.

Limited Disclosure / Concentration Risk

Lack of disclosed customer mix, segment splits and formal partnerships reduces transparency on revenue durability. Coupled with a small employee base and narrow product focus, this implies potential customer concentration and limited diversification, increasing business risk if key buyers or channels shift.

Krishival Foods Limited Business Overview & Revenue Model

Company Description

Krishival Foods Limited engages in the processing, selling, and trading of dry fruits and nuts. The company offers cashews, almonds, dry figs, peanuts, raisins, and pistachios, as well as related dry fruit products. It also sells its products through online. The company was formerly known as Empyrean Cashews Limited and changed its name to Krishival Foods Limited in May 2023. Krishival Foods Limited was incorporated in 2014 and is based in Mumbai, India.

How the Company Makes Money

Krishival Foods Limited primarily makes money by selling edible nuts and nut-based food products. Key revenue streams typically include (1) sales of processed and/or graded nuts (e.g., cashews, almonds) to business customers such as wholesalers, retailers, and food manufacturers; and (2) sales of packaged nut products through distribution networks. Earnings are influenced by the spread between procurement costs (often commodity-price driven), processing/handling costs (cleaning, sorting, grading, packaging), and realized selling prices, as well as volume growth and channel mix (bulk/B2B vs. packaged/B2C). Specific details on the company’s segment-wise revenue split, named major customers, or formal long-term partnerships are not available in the provided context; therefore, these data points are null.

Krishival Foods Limited Financial Statement Overview

Summary

Krishival Foods Limited shows strong revenue growth and a stable financial position with a low debt-to-equity ratio. However, profitability and cash flow management need improvement, as indicated by a slight decrease in net profit margin and the need for better cash flow support for net income.

Income Statement

Krishival Foods Limited has demonstrated strong revenue growth, with a significant increase in total revenue over the past year. The gross profit margin has remained stable, indicating efficient cost management. However, the net profit margin has slightly decreased, suggesting increased expenses or cost pressures. Overall, the company shows robust growth potential with some room for improvement in profitability.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio, indicating conservative leverage and financial stability. The return on equity is solid, reflecting effective use of shareholder funds. The equity ratio is strong, suggesting a stable financial position. However, there is a slight increase in debt levels, which should be monitored.

Cash Flow

Krishival Foods has shown a remarkable turnaround in free cash flow growth, moving from negative to positive territory. The operating cash flow to net income ratio indicates strong cash generation relative to earnings. However, the free cash flow to net income ratio suggests that cash flow improvements are still needed to fully support net income levels. Continued focus on cash flow management will be crucial.

Breakdown	TTM	Mar 2024	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	1.40B	2.02B	1.03B	700.29M	517.69M
Gross Profit	426.24M	585.01M	282.20M	202.19M	151.43M
EBITDA	185.05M	252.53M	151.65M	114.59M	73.45M
Net Income	97.30M	135.43M	93.53M	66.63M	33.19M
Balance Sheet
Total Assets	1.99B	1.73B	1.32B	762.82M	542.42M
Cash, Cash Equivalents and Short-Term Investments	43.48M	161.52M	60.46M	32.20M	212.70M
Total Debt	274.82M	127.72M	65.27M	95.18M	106.93M
Total Liabilities	479.20M	310.71M	100.81M	114.98M	120.98M
Stockholders Equity	1.44B	1.35B	1.22B	647.84M	421.44M
Cash Flow
Free Cash Flow	-53.11M	332.25M	-406.39M	-317.86M	38.10M
Operating Cash Flow	138.04M	463.84M	-308.07M	-291.10M	44.62M
Investing Cash Flow	-334.42M	-286.27M	-99.07M	-24.22M	-7.61M
Financing Cash Flow	137.73M	-92.97M	435.40M	134.83M	162.91M

Krishival Foods Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KRISHIVAL	60 Neutral	₹8.20B	36.20	―	0.06%	97.10%	40.93%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%
GOKUL	54 Neutral	₹4.11B	18.03	―	―	22.45%	26.18%
SAKUMA	46 Neutral	₹2.34B	137.71	―	0.46%	-22.06%	-79.52%
ROML	44 Neutral	₹1.30B	15.57	―	―	16.20%	267.95%
UNIVAFOODS	44 Neutral	₹118.31M	-672.87	―	―	―	―
SANWARIA	37 Underperform	₹360.69M	-5.09	―	―	1.19%	0.32%

Krishival Foods Limited Corporate Events

Krishival Foods Discloses Promoter’s Open-Market Share Purchase

Krishival Foods Limited has disclosed, under SEBI’s Prohibition of Insider Trading Regulations, that its promoter and managing director Aparna Sujit Bangar purchased 4,000 equity shares of the company on March 13, 2026 through open-market transactions, representing 0.02% of the paid-up share capital. The filing also notes that Bangar already holds 1,240,361 partly paid-up equity shares, and the company’s timely reporting underscores its adherence to insider trading disclosure norms, providing transparency for investors regarding promoter-level share dealings.

This transaction, although small in percentage terms, incrementally increases promoter exposure to the company’s fully paid equity shares and can be read as a signal of confidence by top management. For stakeholders, the disclosure helps maintain trust in corporate governance practices and ensures that material trades by key insiders remain visible to the market in line with regulatory expectations.

Krishival Foods Discloses Institutional Investor Call, Affirms No UPSI Shared

Krishival Foods Limited informed the stock exchanges that it held an institutional investor conference call on March 11, 2026, at 5:00 p.m. IST, in line with SEBI Listing Obligations and Disclosure Requirements. The company has made an audio recording of the call available on its website and clarified that no video presentation was used during the interaction.

Management emphasized that no unpublished price-sensitive information was shared during the meeting, signaling adherence to regulatory norms on selective disclosure and fair information practices. This reassurance aims to maintain transparency with all market participants and mitigate concerns about unequal access to material information among investors.

Krishival Foods Schedules Virtual Institutional Investor Meeting

Krishival Foods Limited has scheduled a virtual institutional investor and analyst meeting on March 11, 2026, at 5:00 p.m., organized by Arihant Capital. The company emphasized that no unpublished price-sensitive information will be shared, underscoring its commitment to regulatory compliance and transparent engagement with the market, though the schedule may change due to exigencies.

This planned interaction with institutional investors signals the company’s ongoing efforts to maintain an active dialogue with the financial community and potentially strengthen investor confidence. Regular participation in such conferences can help Krishival Foods refine its equity story, enhance visibility in the capital markets and support liquidity in its listed shares, benefiting both existing and prospective shareholders.

Krishival Foods Raises Nearly ₹100 Crore via Rights Issue to Fund Expansion

Krishival Foods Limited has successfully completed a ₹99.99 crore rights issue, with its Rights Issue Committee approving the allotment of 3,333,160 partly paid-up equity shares on January 8, 2026, following an offer period from December 26, 2025 to January 7, 2026. The issue, priced at ₹300 per share with ₹105 payable on application and the balance due by January 6, 2027, strengthens the company’s capital base and will primarily fund a new nuts processing and packaging unit in Kolhapur, Maharashtra, as well as working capital and general corporate purposes. With the partly paid-up shares now listed on NSE and BSE, the transaction underscores shareholder confidence and supports Krishival Foods’ long-term growth strategy in the competitive FMCG space.

Krishival Foods Files SEBI Dematerialisation Compliance Certificate for December 2025 Quarter

Krishival Foods Limited has submitted a compliance certificate to the NSE and BSE confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. Its registrar and transfer agent, Purva Sharegistry (India) Pvt. Ltd., certified that all securities received for dematerialisation during the quarter were duly processed—either accepted or rejected—within prescribed timelines, listed on the appropriate exchanges, and that related physical certificates were mutilated, cancelled, and replaced with depository entries in the register of members. The filing underscores the company’s ongoing compliance with securities handling and dematerialisation norms, which is important for maintaining investor confidence and meeting regulatory standards in India’s capital markets.

Krishival Foods Allots 33.33 Lakh Partly Paid Shares in Rights Issue

Krishival Foods Limited has announced that its Rights Issue Committee approved the allotment of 33,33,160 partly paid-up equity shares with a face value of ₹10 each on a rights basis to eligible shareholders and renouncees at its meeting on 8 January 2026. In line with SEBI’s capital-raising and disclosure regulations, the company has published the basis of allotment for these shares in leading English, Hindi and Marathi newspapers and made the information available on its website, underscoring its adherence to regulatory norms and its efforts to keep investors informed as it augments its equity capital base.

Krishival Foods Completes Allotment of Partly Paid Shares in Rights Issue

Krishival Foods Limited has completed the allotment phase of its recently concluded rights issue, which opened on December 26, 2025 and closed on January 7, 2026. Following the finalisation of the basis of allotment in consultation with its registrar and approval from the National Stock Exchange of India as the designated stock exchange, the Rights Issue Committee approved the allotment of 3,333,160 partly paid-up equity shares of face value ₹10 each to eligible shareholders and renouncees at an application amount of ₹105 per share, including share premium. As a result, the company’s paid-up equity share capital now includes these partly paid shares, reflecting ₹1,16,66,060 received as application money, with the remaining amount to be collected through one or more future calls by January 6, 2027. The move increases Krishival’s equity base and signals continued use of equity financing to support its growth or operational needs, with future calls on the partly paid shares providing additional, phased capital inflows for the company and its stakeholders.

Exchange Seeks Clarification from Krishival Foods on Q2 FY26 Results

The stock exchange has asked Krishival Foods Limited to provide clarification for its financial results for the quarter ended 30 September 2025 in relation to Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements. The company’s response is still pending, leaving investors and other stakeholders awaiting further details on the nature of the query and any potential implications for its reported quarterly performance and regulatory compliance.