Shah Foods

BSE: SHAHFOOD · Packaged Foods

52W Range₹98 ₹429

Snapshot

Unlock Shah Foods's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Shah Foods Limited is a Gujarat-based manufacturer and processor specialising in biscuits and flour-based confectionery. The company operates primarily as a contract manufacturer for major national brands, including Britannia Industries Limited.

Business Model

The company generates revenue through contract manufacturing and large-scale food processing services. It leverages its dedicated manufacturing facility in the Panchmahal district to meet the production requirements of established industry players.

Growth Outlook

Growth is driven by the company's ability to maintain long-standing partnerships with major FMCG brands and its focus on the organised food processing segment in India.

Key Risks

  • Client Concentration Risk. The company's heavy reliance on a limited number of major industry players for contract manufacturing could significantly impact revenue if these partnerships are terminated.
  • Input Cost Volatility. Fluctuations in the prices of raw materials like flour, sugar, and fats can adversely affect profit margins in the competitive food processing sector.
  • Operational Concentration. Operating from a single manufacturing facility in the Panchmahal district exposes the company to localised operational risks and supply chain disruptions.
  • Regulatory and Quality Compliance. Failure to adhere to stringent food safety and quality standards mandated by national regulators or client specifications could lead to loss of contracts and reputational damage.

Start your research today

Unlock AI insights, financials, peers and live data on Shah Foods and 5,000+ companies — free.

Start your research

Key Metrics

REVENUE

₹4 Cr

TTM · standalone

+4537.5%YoY

NET PROFIT

₹0.23 Cr

TTM · standalone

+192.0%YoY

EPS

₹3.84

TTM · standalone

+190.4%YoY

RETURN ON EQUITY

-63.9%

TTM · standalone

-113.4 ppYoY

RETURN ON CAPITAL EMPLOYED

47.4%

TTM · standalone

+107.6 ppYoY

P/E

98.1x

Q1 FY26 · standalone

98.1 vs -69.5x5Y avg

EV/EBITDA

44.4x

Q1 FY26 · standalone

44.4 vs -29.0x5Y avg

EBITDA MARGIN

6.2%

TTM · standalone

+318.7 ppYoY

Peers · Packaged Foods

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Shah FoodsSHAHFOOD
₹943 Cr105.304104.174537.5%6.2%-63.9%47.4%
Hexagon Nutrition LimitedHEXAGON
₹840 Cr
Lotus ChocolateLOTUSCHO
₹789 Cr-3.0%-46.9%
Euro India Fresh Foods LimitedEIFFL
₹749 Cr136.0146.127.0%11.0%7.3%14.9%+27.4%
Ganesh Consumer Products LimitedGANESHCP
₹704 Cr15.056.9910.7%12.2%17.3%
Emrock CorporationEMROCK
₹432 Cr237.65366.68312.0%72.8%60.1%53.1%

As of Q1 FY26

Financials