Food products company’s Board meeting on June 27 to consider loans to subsidiaries and acquisitions via subsidiary
The stock is up by 5 per cent from its 52-week low of Rs 395 per share.
On Friday, shares of Krishival Foods Limited gained 3.28 per cent to Rs 413 per share from its previous closing of Rs 399.95 per share.
A meeting of the Board of Directors of the Company is scheduled for Friday, June 27, 2025. The key agenda items for this meeting include considering and approving the granting of further loans or investments to the wholly-owned subsidiary, approving additional loans to a subsidiary, and authorising the acquisition of companies through the subsidiary company.
Earlier, Krishival Foods Limited's Board approved strategic investments through its subsidiary, Melt ‘N’ Mellow Foods Private Limited, acquiring a 49 per cent stake in Hamma Foods Private Limited and BVK Foods Private Limited for up to Rs 22 crore and Rs 7 crore, respectively. Hamma Foods' plant in Chhatrapati Sambhaji Nagar has a substantial daily capacity for ice cream and dairy products, while BVK Foods focuses on ice cream and bakery items. These all-cash acquisitions, expected by July 31, 2025, included board nominations for Krishival. Additionally, Krishival invested up to Rs 10 crore in Siddhivinayak Cashew Industries Private Limited for a new nuts processing facility on 5 acres in Kolhapur, Maharashtra.
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About the Company
Krishival Foods Ltd, established in 2014, is a prominent player in the processed nuts and dry fruits industry. The company transforms raw nuts and dried fruits into flavourful, packaged products marketed under Krishival Nuts. Their product range includes cashews, almonds, pistachios, dry figs and combo packs, which are widely available across 64 tier II and tier III cities in India. The company acquired a significant 52.94 per cent stake in Melt ‘N ’Mellow Foods Private Limited. This acquisition will allow Krishival Foods to diversify its portfolio and enter the growing food and beverage sector, gaining access to established brands and a strong distribution network.
Krishival Foods Limited reported a 97 per cent year-on-year increase in total income to Rs 206.30 crore in FY 2024-25, up from Rs 104.70 crore in FY 2023-24. EBITDA grew 66 per cent to Rs 25.23 crore from Rs 15.17 crore, and Net Profit (PAT) surged 44 per cent to Rs 13.54 crore from Rs 9.35 crore. EPS increased 39 per cent to Rs 6.08 from Rs 4.37. The 'Krishival Nuts' division saw revenue rise 67 per cent to Rs 175 crore from Rs 104 crore, with EBITDA up 50 per cent to Rs 23 crore from Rs 15 crore. The 'Melt N Mellow' ice cream brand, acquired in September 2024, posted Rs 51 crore in revenue, a 38 per cent increase from Rs 37 crore, and a remarkable 783 per cent EBITDA increase to Rs 3 crore from Rs 0.35 crore.
The company has a market cap of Rs 894 crore with a PE of 43x, an ROE of 11 per cent and an ROCE of 15 per cent. The stock is up by 5 per cent from its 52-week low of Rs 395 per share.
Disclaimer: The article is for informational purposes only and not investment advice.