Vandan Foods Limited

Vandan Foods Limited

BBSE:VANDAN
25.50
INR
+1.90
(+8.05%)
253.30MMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1.76
13.83
58.12
129.04
336.97
- -
Basic EPS, GAAP
-0.14
0.77
3.15
8.24
1.72
- -
Free Cash Flow per Basic Share
0.3
3.11
-5.35
-21.85
-45.8
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.06
2.59
11.29
19.54
57.33
57.33
Tangible Book Value per Share
-0.06
2.59
11.29
19.54
57.33
57.33
Basic Weighted Avg Shares
8
8
8
8
8
7
Sales/Revenue/Turnover
15
116
487
1,082
2,596
- -
Operating Margin (%)
-18.39
7.41
7.26
9.86
1.56
- -
Depreciation Expense
2
1
1
2
15
- -
Net Income, GAAP
-1
6
26
69
13
- -
Effective Tax Rate (%)
- -
25.17
25.21
26.26
27.41
- -
Profit Margin (%)
-7.75
5.54
5.43
6.38
0.51
- -
Working Capital
29
17
38
124
270
270
LT Debt
35
- -
- -
77
- -
- -
Total Equity
- -
22
95
164
481
481
Return on Invested Capital (%)
- -
20.33
38.3
34.49
5.08
- -
Return on Capital (%)
- -
21.51
43.92
34.35
4.86
- -
Return on Common Equity (%)
- -
- -
45.41
53.43
4.11
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
106
187
252
LT Borrowings
77
2
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
- -
396
253

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
372
947
976
Cash, Cash Equivalents & STI
- -
6
2
Accounts Receivable, Net
58
248
264
Inventories
275
563
656
Total Current Liabilities
248
597
705
Payables & Accruals
- -
- -
- -
ST Debt
106
187
252
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
193.37%
Free Cash Flow
- -
- -
92.61%
Net Income, GAAP
- -
- -
-80.84%
Sales/Revenue/Turnover
- -
- -
139.96%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
487
2025
- -
- -
1,082
2026
- -
- -
2,596

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.15
2025
- -
- -
8.24
2026
- -
- -
1.72

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
R. Rameshbhai Patel
Full Time Employees
23
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
Ahmedabad India
IPO Date
Jul 7, 2025
Business
Vandan Foods Limited is an India-based agribusiness and processing company primarily engaged in the manufacturing, refining, and distribution of castor oil and castor seed derivative products. The company operates a processing and manufacturing facility situated in Dhinoj, Patan District, Gujarat, catering to diverse business-to-business (B2B) clients across chemical, industrial, and agricultural sectors. Its core product portfolio comprises Refined First Stage Grade (F.S.G.) Castor Oil, supplied as an essential raw material for lubricants, paints, varnishes, polymers, pharmaceuticals, cosmetics, printing inks, and textile processing; Castor De-Oiled Cake (DOC) and castor meal, used as high-nitrogen organic fertilizers and soil enhancers in agricultural applications; Commercial Grade Castor Oil; and traded agricultural commodities. The company supplies its products across multiple Indian states, including Gujarat, Haryana, Andhra Pradesh, Telangana, Rajasthan, Delhi, and Bihar, in addition to serving international markets. In recent corporate developments, Vandan Foods Limited executed a comprehensive strategic pivot from catering services and general agro-commodity trading toward specialized castor oil processing; transitioned ownership and management following the acquisition of controlling interest by a new promoter group led by Jitendra Rameshbhai Patel and Rakeshkumar Rameshbhai Patel; completed its conversion from a private limited entity to a public limited company in September 2023; and successfully concluded its Initial Public Offering (IPO) on the BSE SME platform in July 2025 to fund working capital requirements and operational expansion. Founded in 2015 as Vandan Foods Private Limited, Vandan Foods Limited is headquartered in Ahmedabad, Gujarat, India.