Key Financial Performance (Consolidated) - H1 FY27

Finance Cost Resilience

  • Total Borrowings: Increased to ₹232.72 Cr in H1 FY27 from ₹111.26 Cr in H2 FY26
  • Finance Cost: Remained broadly stable at ₹8.39 Cr (₹839.48 Lakhs) in H1 FY27 compared to ₹8.36 Cr (₹836.17 Lakhs) in H2 FY26
  • Management Explanation: Debt was raised dynamically near period-end for raw material/inventory float and did not result in sustained annualized burden

Pre-Tax Profitability

  • Profit Before Tax: ₹12.54 Cr in H1 FY27 vs ₹12.43 Cr in H1 FY26
  • Current Tax: ₹3.00 Cr in H1 FY27 vs ₹3.05 Cr in H1 FY26
  • Deferred Tax: ₹0.90 Cr in H1 FY27 vs ₹0.68 Cr in H1 FY26
  • Profit After Tax: ₹8.64 Cr in H1 FY27 vs ₹8.70 Cr in H1 FY26

Other Expenses

  • Other expenses (Consolidated): ₹521.33 Lakhs, largely reflecting lease costs for strategic asset creation & financial leases

Raw Material Price Pass-Through Mechanism

The presentation illustrates the company's margin mechanics through a cashew price sensitivity analysis:

  • Value Addition/Kg: ₹27 (assumed for illustrative purposes)
  • Operating Cost/Kg: ₹20 (assumed for illustrative purposes)
  • EBITDA/Kg: Remains constant at ₹7 across price scenarios
  • Cashew price movements affect EBITDA Margin percentage but not absolute EBITDA per kg

Company Overview & Operations

  • Founded: 2018
  • Business: Procures Raw Cashew Nuts (RCN) from African origins and Indian MNCs, processes into premium-quality kernels
  • Processing Capacity: 140 MTPD across 2,38,454 sq. ft. of manufacturing infrastructure in Surat, Gujarat
  • Operations: Quality Assurance & FSSC 22000-Certified Operations
  • Markets: Serves diverse B2B, retail, private-label and institutional markets

Strategy 2037 - Future Roadmap

The company unveiled its long-term blueprint to evolve from a cashew processor into a diversified Agri-Industrial Platform across four pillars:

Food

Expand premium food & nut offerings - "BETTER FOOD BRIGHTER LIVES"

Fuel

Expand premium food & nut offerings - "CLEAN ENERGY GREATER OPPORTUNITIES"

Feed

Maximize utilization of agricultural by-products - "FROM BY-PRODUCTS TO NEW POSSIBILITIES"

Fertility

Support circular economy and sustainable resource use - "HEALTHIER SOILS STRONGER TOMORROWS"

Proposed Expansion Plans

The presentation mentions proposed land acquisition, capacity expansion and staff housing development to strengthen manufacturing infrastructure for the next phase of growth, though specific details and financial impact are not quantified in the disclosure.

Leadership Team

  • Mr. Hozefa Jawadwala - Chairman & Managing Director: 20+ years experience, Chartered Accountant, Certified Financial Risk Manager
  • Mr. Ashok Patel - CFO & Whole Time Director: 20+ years experience, Chartered Accountant
  • Mr. Satyanarayan Patro - Chief Commercial Officer & Whole Time Director: 20+ years experience, Engineering degree, MBA from ICFAI, Business Strategy certification from ISB
  • Mr. Firoz Hathiyari - Non-Executive Director: 25+ years experience, practicing Chartered Accountant