Shreeji Global FMCGShare price, financial results, shareholding and management
- Market cap
- ₹492 cr
- Stock P/E
- 24.7peers 13.7
- Book value
- ₹58
- Price to book
- 3.73
- EV / operating profit
- 18.9
- Market cap to sales
- 0.64
- ROCE · FY26
- 25.6%
- ROE · FY26
- 24.6%
- ROE, 3-year average
- 37.2%
- Operating margin · FY26
- 3.7%peers 5.8%
- Sales growth, 3 years
- 18.0%
- Profit growth, 3 years
- 115.2%
- Debt to equity
- 0.34peers 0.73
- Borrowings
- ₹45.5 cr
- Interest cover
- 8.7×
- Cash from business / op. profit
- -212%
- Debtor days
- 40
- Pledged
- 0.00%
- Promoter holding
- 70.13%
- Change in promoter holding
- 0.00 pts
- Shareholders
- 830
- High / low since listing
- ₹220 / ₹96
- Dividend yield
- Paid
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Shreeji Global FMCG share price chart
Close on 6 Nov 2026 · +6.55% on the day · Vol 52,000
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- +17.2%
- 3 months
- +32.6%
- 6 months
- +73.7%
- Since IPO
- +73.1%
- Traded a day, 20 days
- ₹0.68 cr
- Taken for delivery
- 77%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +18% | +66% |
| 3 years, a year | +18% | +115% |
| Latest half, H2 FY26 | +58% | +47% |
About Shreeji Global FMCG: business, products and customers
Shreeji Global FMCG cleans, sorts and packs spices, seeds, pulses and grains, and grinds spice powders and wheat flour, selling them under its SHETHJI brand and for other companies' labels. Its shares trade on NSE Emerge.
Shreeji Global FMCG, set up in Rajkot in 2018, sources spices, seeds, oilseeds, pulses and grains with the help of its links to the Gondal and Rajkot market yards, then cleans, grades and packs them at its plants in Gujarat. Most of its volume is whole seeds and commodities for wholesale, kirana and institutional customers, in packs from 20 grams to 40 kilograms.
Ground spices and wheat flour lines started in early 2024 and were running at more than 90% of capacity by August 2025. Gujarat gave 85.39% of domestic sales in FY25, and exports, mostly to the UAE, Saudi Arabia and Malaysia, were 8.89% of sales.
Read more about the business
The company listed on NSE Emerge in November 2025, raising about ₹85 crore. It is building a new plant in Morbi district for blended spices and multigrain and millet flours, with cold storage and a solar plant, and used part of the money to carry more stock and give customers longer credit.
From the red herring prospectus (October 2025), the FY26 annual report, CARE Ratings' September 2026 rating note and the company's exchange filings of July and August 2026.
Read the deeper study ↓In its favour
- It earns a high return on the money it uses: ROCE 26% in FY26.
- The promoters own a large part of the company: 70.13%.
- It paid a dividend in the past year.
To watch
- Start of the Morbi district plant for blended spices and millet flours, which CARE Ratings expects by December 2026 (CARE Ratings rating note, Sep 2026, p.3).
- Spending of the issue money on the new plant, with ₹10.5 cr of machinery planned for FY27 (Red herring prospectus, p.85).
- Collection of the ₹83.6 cr owed by customers at March 2026 (Annual report FY26, p.64).
- Appointment of a new Company Secretary after the resignation on 15 August 2026 (Exchange announcement, 15 Aug 2026, p.1).
- Customers take longer to pay than before: 40 days in FY26, against 25 in FY22.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Shreeji Global FMCG revenue and profit growth
Half-yearly results · Profit and lossSales have grown steadily. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
SME companies report every six months. In the latest half, sales were higher than in the same half a year before. Profit grew more slowly than sales, so each rupee of sales left a little less profit.
Shreeji Global FMCG half-yearly results
SME companies report every six months · ₹ crore
| H1FY25 | H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|---|
| Sales | 351 | 299 | 293.48 | 472.92 |
| Expenses | 340 | 293 | 275.96 | 460.66 |
| Operating profit | 11 | 6 | 17.52 | 12.26 |
| OPM | 3.2% | 2.1% | 6.0% | 2.6% |
| Interest | 1 | 2 | 1.46 | 2.05 |
| Depreciation | 0 | 0 | 2.14 | 0.58 |
| Profit before tax | 10 | 7 | 15.01 | 11.90 |
| Net profit | 7 | 6 | 11.11 | 8.81 |
Shreeji Global FMCG profit and loss
Full years to March, FY22 to FY26 · ₹ crore, consolidated where reported
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Sales | 258 | 467 | 588 | 648 | 766.40 |
| Expenses | 256 | 465 | 578 | 632 | 738.22 |
| Operating profit | 2 | 3 | 10 | 16 | 28.18 |
| OPM | 0.9% | 0.6% | 1.7% | 2.5% | 3.7% |
| Other income | 0 | 1 | 1 | 3 | 3.36 |
| Interest | 0 | 1 | 3 | 3 | 3.51 |
| Depreciation | 1 | 1 | 1 | 0 | 1.12 |
| Exceptional and other items | 1 | 1 | · | · | · |
| Profit before tax | 2 | 3 | 7 | 16 | 26.91 |
| Tax rate | 50.0% | 33.3% | 28.6% | 25.0% | 26.0% |
| Net profit | 1 | 2 | 5 | 12 | 19.92 |
| EPS ₹ | 4.19 | 4.88 | 9.60 | 7.66 | 8.75 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
The years to FY25 come rounded to the nearest crore in the source.
Exceptional and other items: profit before tax beyond operating profit, other income, interest and depreciation, such as one-off items or a share of associates' profit, as reported.
Shreeji Global FMCG profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating margin | 0.9% | 0.6% | 1.7% | 2.5% | 3.7% |
| Tax rate | 50.0% | 33.3% | 28.6% | 25.0% | 26.0% |
| ROCE | · | 17.8% | 27.8% | 36.5% | 25.6% |
| ROE | · | 26.7% | 37.0% | 50.0% | 24.6% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Shreeji Global FMCG debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. It borrowed much more last year. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Shreeji Global FMCG balance sheet
At each 31 March · ₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Equity capital | 3 | 4 | 6 | 16 | 22.76 |
| Reserves | 3 | 5 | 12 | 14 | 109.27 |
| Net worth | 6 | 9 | 18 | 30 | 132.03 |
| Borrowings | 11 | 19 | 26 | 30 | 45.47 |
| Other liabilities | 27 | 32 | 73 | 57 | 67.95 |
| Total liabilities | 44 | 60 | 117 | 117 | 245.45 |
| Fixed assets | 5 | 4 | 7 | 7 | 7.50 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 1 | 0 | 0 |
| Other assets | 38 | 55 | 109 | 110 | 237.95 |
| Receivables | · | · | · | · | 83.58 |
| Inventory | · | · | · | · | 98.59 |
| Cash | · | · | · | · | 4.63 |
| Trade payables | · | · | · | · | 59.20 |
Shreeji Global FMCG cash flow
₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 1 | -6 | -6 | 0 | -59.74 |
| Cash from investing | -3 | -3 | -1 | -2 | -32.44 |
| Cash from financing | 2 | 9 | 7 | 2 | 96.70 |
| Net cash flow | 0 | 0 | 0 | 0 | 4.52 |
| Capital spending | · | · | · | · | 0.80 |
Working capital
Days
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Debtor days | 25 | 14 | 31 | 29 | 40 |
| Inventory days | 18 | 19 | 36 | 29 | 51 |
| Days payable | 32 | 22 | 46 | 25 | 30 |
| Cash conversion cycle | 11 | 11 | 22 | 33 | 60 |
| Working capital days | 8 | 4 | 9 | 14 | 43 |
Shreeji Global FMCG peers and competitors
Listed SME companies in the same industryBy sales, Shreeji Global FMCG is number 3 of the 37 listed SME companies in agricultural food & other products.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| Rajgor Castor Derivatives | 38 | 3.0 | 872 | 12.6 | 2.7% | 0.79 |
| Ramdevbaba Solvent | 190 | 16.6 | 823 | 11.4 | 3.1% | 2.31 |
| Shreeji Global FMCG | 492 | 24.7 | 766 | 19.9 | 3.7% | 0.34 |
| Aelea Commodities | 288 | 13.7 | 382 | 21 | 10.0% | 0.90 |
| M.V.K. Agro Food Product | 1,240 | 26.6 | 320 | 46.6 | 17.8% | 0.67 |
| TBI Corn | 131 | 7.1 | 304 | 18.6 | 11.5% | 0.59 |
| Sameera Agro And Infra | 25 | 1.7 | 274 | 14.5 | 9.2% | 0.05 |
| C K K Retail Mart | 349 | 33.1 | 270 | 10.5 | 4.5% | 0.01 |
| Yashhtej Industries (India) | 113 | 8.7 | 269 | 13 | 7.0% | 0.85 |
| Vandan Foods | 21 | 21.4 | 260 | 1 | 2.0% | 0.52 |
| Swasth Foodtech India | 10 | - | 211 | -1 | 0.0% | 0.95 |
| Median of the 10 others | 122 | 13.7 | 289 | 12.8 | 5.8% | 0.73 |
Shreeji Global FMCG shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Foreign and Indian funds own a noticeable share. The number of shareholders has come down.
Shreeji Global FMCG shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Dec 25 | Mar 26 | Jun 26 | |
|---|---|---|---|
| Promoters | 70.12% | 70.13% | 70.13% |
| Foreign investors (FIIs) | 4.95% | 6.76% | 5.38% |
| Indian institutions (DIIs) | 0.94% | 0.94% | 0.88% |
| HNIs (over ₹2 lakh each) | 3.79% | 6.31% | 6.87% |
| Small holders (up to ₹2 lakh) | 12.33% | 10.69% | 10.85% |
| Companies and others | 7.87% | 5.17% | 5.89% |
| Number of shareholders | 1,169 | 941 | 830 |
The named holders are at 30 June 2026, beside 31 March 2026, each under the group the pattern files them in.
Shreeji Global FMCG study: the business from its own documents
Read from 6 of the company's own documentsShreeji Global FMCG so far
From the company's own record
- 12 Nov 2025Listed on NSE Emerge at ₹125
- 30 June 2026Promoters at 70.13%
- 6 Nov 2026Highest close since listing, ₹216.35
Shreeji Global FMCG key facts from the filings
Each figure with the document it comes from
- Whole seed capacity
- 91,200 MT
- Yearly cleaning and grading capacity, used at 70% in the five months to August 2025 and 67% in FY25.Red herring prospectus, p.137
- Ground spices and flour
- 93% and 92%
- Use of the 4,000 MT ground spice and 3,750 MT flour lines in the five months to August 2025.Red herring prospectus, p.137
- Blended spices plant
- 22,500 MT
- Planned yearly capacity for blended spices at the new Morbi district plant, alongside 37,500 MT of multigrain and millet flours and 5,000 MT of cold storage.Red herring prospectus, p.86 to p.88
- Stock held
- ₹98.6 cr
- Inventory at March 2026, double the ₹48.5 cr a year earlier; chickpeas and coriander were 68.1% of it.Annual report FY26, p.63 and p.64
- Money owed by customers
- ₹83.6 cr
- Trade receivables at March 2026, up 62.36% from ₹51.5 cr as the company gave longer credit to win volume.Annual report FY26, p.64 and p.66
Show 5 more facts
- Top customer
- 17.07%
- Share of sales from the largest customer in the five months to August 2025; the top ten gave 63.05%, against 31.43% in FY25.Red herring prospectus, p.35
- Gujarat
- 85.39%
- Share of FY25 domestic sales made in Gujarat.Red herring prospectus, p.123
- Exports
- 8.89%
- Share of FY25 sales from exports, up from 3.66% in FY24 and 0.60% in FY23.Red herring prospectus, p.138
- Credit rating
- CARE BBB
- First rating from CARE on its bank lines, stable outlook with A3+ for short term, assigned September 2026.CARE Ratings rating note, Sep 2026, p.2
- Bank line use
- About 93%
- Average use of its ₹20 crore working capital limits in the twelve months to June 2026.CARE Ratings rating note, Sep 2026, p.3
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The company does not state an order book. Its prospectus set out a new plant in Morbi district for blended spices and multigrain and millet flours, with cold storage and a solar plant, paid from the share issue. CARE Ratings says the plant is expected to start by December 2026 and that sales of the new products are expected from the fourth quarter of FY27. The company says it will also build its SHETHJI brand, exports and direct sales.
| What management said | When | What happened |
|---|---|---|
| Use ₹33.5 cr of the issue money for working capital in FY26 | Red herring prospectus, Oct 2025 | Stock doubled and money owed by customers rose 62.36% by March 2026 |
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Shreeji Global FMCG earns a thin margin on large volumes of spices, seeds and staples it sources from Gujarat's market yards, cleans and packs, with ground spices and flour adding a little more.
Its weak spots are prices it cannot control, sales tied to a few buyers and one state, and a business that now needs much more money for stock and customer credit.
WatchCan it set its own prices?No. Its prices stay close to commodity rates in a crowded, unorganised trade, and its margins move with crop prices.
AverageHow strong is it against rivals?Its links to Gujarat's spice market yards, export certifications and nearness to Unjha and Mundra port help, but many organised and local players compete.
WatchWho are its customers?Traders and institutions place orders one at a time, mostly in Gujarat, and the share taken by the largest customers jumped in 2025.
WatchDoes it need a lot of money?Yes. Growth has come with much more stock and longer credit to customers, and its bank lines are almost fully used.
AverageCan it keep finding new work?Exports and the newer ground spice and flour lines have grown, and a new plant adds blended spices and millet flours, but there are no long-term contracts.
WatchDo good and bad years swing a lot?Sales have grown each year, but crop prices, weather and government trade rules can move margins sharply from one half to the next.
Who runs Shreeji Global FMCG?
Promoters, directors and officers; tap a name for the background
JKJitendra KakkadPromoter, Chairman and Managing Director · holds 31.06%
With the company since it was formed in February 2018 and leading strategy and business development; earlier ran the proprietary concern M/s Shreeji Enterprise from 2014. More than ten years in processing and manufacturing. Education: secondary school (2002). The prospectus states that Jitendra Kakkad is the brother of Vivek Kakkad and the husband of Dhruti Kakkad.
Red herring prospectus, p.162 to p.164; Annual report FY26, p.6; shareholding pattern, June 2026VKVivek KakkadPromoter and Whole-time Director · holds 25.77%
More than seven years in trading; earlier ran the proprietary concern M/s Madhav Enterprise from 2017. Described as central to the expansion of the business. Education: secondary school (2008).
Red herring prospectus, p.163 and p.164; shareholding pattern, June 2026TKTulshidas KakkadPromoter · holds 10.70%
Experience in agricultural products; oversees direct procurement from farmers. Not on the board.
Red herring prospectus, p.174; shareholding pattern, June 2026DKDhruti KakkadPromoter and Non-Executive Director · holds 2.58%
On the board since July 2020, first as an executive director and non-executive since January 2025; four years in operations and management, now reviewing the management team's performance and plans. Education: higher secondary (2015).
Red herring prospectus, p.164; Annual report FY26, p.6; shareholding pattern, June 2026JMJignesh MehtaIndependent Director
B.Com from Gujarat University with over eighteen years in the agri-input industry; earlier CEO of Arab India Spics and Chief Operating Officer of Varsha Industries since 2013.
Red herring prospectus, p.164; Annual report FY26, p.6HTHarilal ThumarIndependent Director
Long experience in agricultural products and chairman of the Agricultural Produce Market Committee, Upleta, Rajkot.
Red herring prospectus, p.164; Annual report FY26, p.6Shreeji Global FMCG latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹473 cr (+58%), net profit ₹8.8 cr (+47%) on H2 FY25.
- Shareholding, 30 June 2026: promoters unchanged at 70.13%.
Shreeji Global FMCG announcements
40 on record, latest first; each opens the filing on the exchange
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Certificate under SEBI (Depositories and Participants) Regulations, 2018PDF ↗
- Credit RatingCredit RatingPDF ↗
- Shareholders meetingSrutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- Shareholders meetingProceedings of Annual General Meeting held on September 30, 2026PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Updates'Intimation regarding partial change in vendor for procurement of certain machineries in the Prospectus'PDF ↗
- AppointmentOf Mr Chavda Hareshbhai Keshubhai as Company Secretary & Compliance Officer of the company w.e.f. September 25, 2026PDF ↗
- General UpdatesGeneral UpdatesPDF ↗
- Copy of Newspaper PublicationCopy of Newspaper PublicationPDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 30, 2026PDF ↗
- Credit Rating- NewCredit Rating- NewPDF ↗
- Credit Rating- NewCredit Rating- NewPDF ↗
Shreeji Global FMCG annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
Shreeji Global FMCG share split, bonus and dividends
From the corporate actions the company announces on the exchange
- DividendDIVIDEND - RE 0.25 PER SHAREex-date 25 Sept 2026
Checks we ran on Shreeji Global FMCG's data · 9
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (2,27,60,000 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY24 (₹9.60) and FY25 (₹7.66) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY22 to FY26.
- iPrices run to the close on 14 Oct 2026, from the exchange's daily figures.
Questions people ask about Shreeji Global FMCG
What does Shreeji Global FMCG do?
Shreeji Global FMCG cleans, sorts and packs spices, seeds, pulses and grains, and grinds spice powders and wheat flour, selling them under its SHETHJI brand and for other companies' labels. Its shares trade on NSE Emerge.
What is the share price of Shreeji Global FMCG?
₹216 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Shreeji Global FMCG?
₹492 cr at the close on 6 Nov 2026, on 2,27,60,000 shares.
What is the P/E of Shreeji Global FMCG?
24.7 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Shreeji Global FMCG's revenue and profit?
Revenue ₹766 cr and profit after tax ₹20 cr in FY26.
Who are the promoters of Shreeji Global FMCG?
Jitendra Kakkad, Vivek Kakkad, Tulshidas Kakkad, Dhruti Kakkad; promoters held 70.13% at 30 June 2026.
What was the IPO price of Shreeji Global FMCG?
₹125 a share; it listed on 12 Nov 2025.
What is Shreeji Global FMCG's website?
www.shreejifmcg.com
More SME companies like Shreeji Global FMCG
Other listed SME companies in agricultural food & other products, the closest in size first, each read from its own documents.
- Sheetal UniversalSHEETAL · NSE Emerge · Agricultural Food & other Products · listed 2023Market cap ₹476 cr
- C K K Retail MartCKKRETAIL · NSE Emerge · Agricultural Food & other Products · listed 2026Market cap ₹543 cr
- M.V.K. Agro Food ProductMVKAGRO · NSE Emerge · Agricultural Food & other Products · listed 2024Market cap ₹1,040 cr
- Aelea CommoditiesACLD · BSE SME · Agricultural Food & other ProductsMarket cap ₹222 cr
- Ramdevbaba SolventRBS · NSE Emerge · Agricultural Food & other Products · listed 2024Market cap ₹199 cr
- Bharatrohan Airborne InnovationsBHARATROHAN · BSE SME · Agricultural Food & other ProductsMarket cap ₹177 cr
Every listed SME company in Agricultural Food & other Products → · SME companies listed in 2025 →
Built from 2 annual reports, 2 credit rating notes, 1 offer document, 1 result filing, 40 exchange announcements, 3 shareholding patterns and 5 years of reported results. Every figure carries its source; where the documents are silent, the page says so.