Company Overview

Amir Chand Jagdish Kumar (Exports) Limited (ACJKEL) is one of India's top three basmati rice producers and exporters, powered by its flagship AEROPLANE brand. The company has fully integrated operations spanning procurement, processing, packaging, and sales with an installed capacity of approximately 550,800 MTPA. The company has strategically diversified into FMCG staples under the Aeroplane brand and has a presence in 38 countries with a distribution network of 436 domestic and 53 international partners.

Operational Highlights

  • Manufacturing Facilities: Three strategically located facilities:
  • Amritsar (Punjab): Owned land with leased warehouses, automated machinery from Japan/Germany/USA, 997 kW solar panels, 950 kW co-power turbine
  • Safidon (Haryana): Mix of owned and leased land, automated Japanese machinery, water recycling processes, in-house laboratories
  • Alipur (Delhi): Automated packaging facility supporting both rice and FMCG packaging
  • Storage Capacity: 140,000 MT paddy storage capacity, 130,000 MT rice storage capacity
  • Capacity Utilization: Approximately 61% as of FY26
  • Sustainability: Amritsar manufacturing plant is registered under UNFCCC as a carbon-efficient facility with captive renewable/biogas energy, rice husk utilization, water conservation with ETP, and verified emission reductions
  • Intellectual Property: Registered total of 100 trademarks (70 in India, 30 across 26 countries) and 22 copyrights in India

Financial Performance - FY26 Highlights

Consolidated Profit & Loss Statement (₹ Crore)

| Metric | FY26 | FY25 | Change |

| Revenue from Operations | 2,287.1 | 2,001.6 | +14.3% |

| COGS | 1,938.6 | 1,696.8 | +14.2% |

| Gross Profit | 348.5 | 304.8 | +14.3% |

| Gross Profit Margin % | 15.2% | 15.2% | Flat |

| Employee Expenses | 15.1 | 14.0 | +7.9% |

| Other Expenses | 108.2 | 127.2 | -14.9% |

| EBITDA | 225.2 | 163.7 | +37.6% |

| EBITDA Margin % | 9.8% | 8.2% | +160 bps |

| Other Income | 4.5 | 2.4 | +87.5% |

| Depreciation | 6.5 | 7.0 | -7.1% |

| EBIT | 223.3 | 159.0 | +40.4% |

| Finance Cost | 86.0 | 78.8 | +9.1% |

| Profit Before Tax | 137.3 | 80.2 | +71.2% |

| Tax | 34.0 | 19.4 | +75.3% |

| Profit After Tax | 103.3 | 60.8 | +69.9% |

| PAT Margin % | 4.5% | 3.0% | +150 bps |

| EPS (₹) | 12.5 | 7.5 | +66.7% |

Quarterly Performance Trends (₹ Crore)

| Quarter | Revenue | EBITDA | PAT |

| Q4 FY26 | 571.3 | 75.0 | 34.7 |

| Q3 FY26 | 583.9 | 40.0 | 12.0 |

| Q2 FY26 | 580.8 | 44.5 | 20.0 |

| Q1 FY26 | 551.1 | 65.7 | 36.6 |

Balance Sheet Position (as of March 31, 2026)

Assets (₹ Crore)

| Item | FY26 | FY25 |

| Total Assets | 2,121.4 | 1,549.0 |

| Non-Current Assets | 93.3 | 98.0 |

| - Property, plant and equipment | 87.9 | 92.6 |

| - Capital work-in-progress | 1.7 | 1.7 |

| - Investment Property | 1.3 | 1.3 |

| - Goodwill | 1.3 | 1.3 |

| Current Assets | 2,028.1 | 1,451.0 |

| - Inventories | 1,039.5 | 928.0 |

| - Trade receivables | 495.2 | 450.5 |

| - Cash and cash equivalents | 2.5 | 5.9 |

| - Bank balances other than cash | 253.7 | 13.6 |

| - Other current financial assets | 225.6 | 43.8 |

Liabilities & Equity (₹ Crore)

| Item | FY26 | FY25 |

| Total Equity and Liabilities | 2,121.4 | 1,549.0 |

| Total Equity | 924.1 | 379.2 |

| - Equity share capital | 103.6 | 82.0 |

| - Other equity | 820.6 | 297.1 |

| Total Liabilities | 1,197.3 | 1,169.8 |

| Non-Current Liabilities | 4.3 | 5.3 |

| - Borrowings | 0.6 | 1.1 |

| Current Liabilities | 1,192.9 | 1,164.5 |

| - Borrowings | 757.4 | 783.0 |

| - Trade payables | 116.0 | 145.9 |

| - Other financial liabilities | 284.1 | 217.1 |

| - Current tax liabilities (net) | 26.3 | 13.7 |

Cash Flow Statement (FY26, ₹ Crore)

| Activity | FY26 | FY25 |

| Cash Flow from Operating Activities | -166.3 | 95.0 |

| Cash Flow from Investing Activities | 0.5 | 0.0 |

| Cash Flow from Financing Activities | 402.5 | -93.3 |

| Net increase in Cash & Cash equivalent | 236.7 | 1.6 |

| Cash & Cash Equivalents at period end | 256.2 | 19.5 |

Historical Financial Trends (₹ Crore)

| Metric | FY26 | FY25 | FY24 | FY23 |

| Revenue | 2,287.1 | 2,001.6 | 1,549.5 | 1,315.8 |

| Gross Profit | 348.5 | 304.8 | 249.5 | 210.1 |

| EBITDA | 225.2 | 163.7 | 109.7 | 79.7 |

| PAT | 103.3 | 60.8 | 30.4 | 17.5 |

| EPS (₹) | 12.5 | 7.5 | 3.8 | 2.1 |

Business Strategy & Outlook

  • Distribution Expansion: Scale distributor network to 700+ by FY28, accelerate penetration in Tier 3 & 4 cities
  • Brand Strengthening: Celebrity-led, multi-channel marketing with focus on performance marketing & D2C growth
  • Product Diversification: Expand beyond rice into core kitchen staples & value-added FMCG products
  • Operational Efficiency: Utilize existing capacity (currently ~61%) for volume-led growth and cost efficiencies
  • Export Focus: Leverage Three Star Export House status and strong Middle East demand

Management & Governance

Board of Directors:

  • Jagdish Suri: Chairman & Managing Director (4+ decades experience)
  • Rahul Suri: Whole Time Director (30+ years experience)
  • Ramnika Suri: Non-Independent Director (22+ years experience)
  • Rajni: Independent Director (12+ years in secretarial compliance)
  • Yogendra Kumar Singhal: Independent Director (40+ years in securities markets)
  • Gauri Shankar: Independent Director (39+ years in BFSI, former MD & CEO at PNB International)

Compliance Officer: Sadhna Khurana, Company Secretary and Compliance Officer

Investor Relations Contacts

  • Company Email: ir@aeroplanerice.com
  • IR Advisors: MUFG Intime India Private Limited (Sumeet Khaitan, Nikunj Seth)