NHC Foods Ltd (517554)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, NHC Foods' revenue was ₹370 Cr (+234.5% year on year, +43.1% on the previous quarter), and net profit ₹17.0 Cr (+924.0% year on year); the operating margin was 5.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹370 | +234.5% | +43.1% |
| Operating profit | ₹20.9 | +515.1% | +118.3% |
| Net profit | ₹17.0 | +924.0% | +155.6% |
| EPS (₹) | 0.26 | +766.7% | +160.0% |
| Operating margin | 5.6% | — | — |
📢 Recent Corporate Announcements
NHC Foods Limited announced that its foreign step-down subsidiary, Conquer Enterprises Limited, has executed a non-binding Letter of Intent (LoI) to acquire a 75% equity interest in Singapore-based DNR VENTURES PTE LTD. The proposed transaction consideration is USD 5.5 Million (approx. Rs 46 Cr), which represents roughly 35% of NHC Foods' current market capitalisation of Rs 132 Cr. The deal remains subject to satisfactory due diligence, definitive transaction agreements, and corporate and regulatory approvals. As the LoI is non-binding, the transaction is not yet final.
- Foreign step-down subsidiary Conquer Enterprises Limited signed a non-binding LoI
- Proposed acquisition of a 75% equity interest in Singapore-based DNR VENTURES PTE LTD
- Proposed purchase consideration is USD 5.5 Million
- Deal is contingent on due diligence, definitive agreements, and regulatory clearances
NHC Foods Limited has approved a preferential issue of up to 25.60 crore convertible warrants at ₹2.10 per warrant, aggregating to ₹53.76 crore. Of this, 14 crore warrants are allocated to Satyam S Joshi HUF, which will translate to an 11.67% shareholding post-conversion. The warrants require 25% upfront payment with the remaining 75% due on conversion within 18 months. The fundraise follows the recent conversion of 19 FCCBs into 18.18 crore equity shares and is subject to shareholder approval at the AGM on September 23, 2026.
- Board approved preferential issue of up to 25.60 crore convertible warrants at ₹2.10 per warrant, raising ₹53.76 crore.
- Satyam S Joshi HUF allocated 14 crore warrants, resulting in an 11.67% stake upon full conversion.
- Warrant holders to pay 25% upfront and the remaining 75% within an 18-month conversion window.
- AGM scheduled for September 23, 2026 to obtain shareholder approval via special resolution.
- Follows recent capital base expansion via conversion of 19 FCCBs into 18.18 crore equity shares.
NHC Foods Ltd has approved the allotment of 18,18,79,020 equity shares of face value ₹1 each at a conversion price of ₹1 per share following the partial conversion of 19 FCCBs worth USD 1.90 million (₹18.19 crore). The shares were allotted to FCCB holder M/s Emerging Market Opportunities Ltd. Post-allotment, the company's paid-up equity capital increased to ₹94.38 crore divided into 94.38 crore equity shares. A total of 240 FCCBs (principal value USD 24.0 million) remain outstanding on the Afrinex Exchange.
- Allotment of 18,18,79,020 equity shares of face value ₹1 at a conversion price of ₹1 per share
- Conversion of 19 FCCBs representing aggregate principal of USD 19,00,000 (₹18,18,79,020)
- Paid-up equity share capital increases to ₹94,38,06,060 (94.38 crore shares)
- 240 FCCBs of USD 1,00,000 face value each (USD 24.0 million) remain outstanding
NHC Foods' board approved a preferential issue of 25.60 crore convertible warrants at ₹2.10 each to raise ₹53.76 crore, representing significant capital infusion relative to its ₹96 crore net worth. The company also approved a 20x increase in authorised share capital from ₹100 crore to ₹2,000 crore. Concurrently, 18.18 crore equity shares were allotted following the conversion of USD 1.9 million in FCCBs, expanding paid-up capital to ₹94.38 crore with 240 FCCBs still outstanding. Key management changes include the appointment of Pradeep Agarwal as CFO effective September 1, 2026, following Manoj Kumar Sharma's resignation.
- Approved preferential issue of 25,60,00,000 convertible warrants at ₹2.10 per warrant, aggregating to ₹53.76 crore
- Authorised share capital expanded from ₹100 crore to ₹2,000 crore (2,000 crore equity shares of ₹1 each)
- Allotted 18,18,79,020 equity shares at ₹1 conversion price against 19 FCCBs (USD 1.9 million), leaving 240 FCCBs outstanding
- Pradeep Agarwal appointed as Chief Financial Officer effective September 01, 2026
NHC Foods Ltd has scheduled a meeting of its Board of Directors on Tuesday, August 25, 2026. The board will consider and approve a proposal for fund raising through a preferential issue or private placement of securities for cash or other consideration. The pricing and specific quantum will be determined subject to shareholder and statutory approvals. In connection with this, the trading window has been closed effective August 20, 2026, until 48 hours after the meeting outcome is declared.
- Board meeting scheduled for Tuesday, August 25, 2026
- Fund raising proposed via preferential issue or private placement of securities
- Issue structure covers securities for cash or consideration other than cash
- Trading window closed from August 20, 2026 until 48 hours post-board meeting outcome
NHC Foods reported a massive surge in consolidated performance for Q1 FY27, with revenue reaching ₹370.13 Cr, a significant jump from ₹110.51 Cr in the previous year's quarter. This growth was primarily driven by the newly incorporated UK subsidiary, which contributed ₹248.63 Cr to international trading revenue. Consolidated Net Profit rose to ₹17.00 Cr compared to ₹1.67 Cr YoY. Additionally, the company converted USD 1.1 million worth of FCCBs into 10.42 crore equity shares, resulting in equity dilution but reducing debt obligations.
- Consolidated Revenue increased to ₹370.13 Cr in Q1 FY27 from ₹110.51 Cr in Q1 FY26
- Consolidated Net Profit grew ~10x YoY to ₹17.00 Cr from ₹1.67 Cr
- International Trading segment contributed ₹248.63 Cr, representing 67% of total consolidated revenue
- Allotted 10,41,77,040 equity shares on June 24, 2026, following conversion of USD 1.1 million FCCBs
- Paid-up equity share capital increased to ₹76.19 Cr from ₹65.78 Cr as of March 2026
NHC Foods reported a massive jump in consolidated performance for Q1 FY27, with revenue reaching ₹370.13 Cr and PAT at ₹16.99 Cr, compared to a standalone PAT of ₹1.67 Cr in the year-ago quarter. The growth was primarily driven by the International Trading segment, which contributed ₹248.63 Cr to the top line. A significant capital event occurred on June 24, 2026, with the conversion of USD 1.1 million in FCCBs into 10.42 crore equity shares at ₹1 each, leading to equity dilution. The company also expanded its global footprint by incorporating a UK-based subsidiary in April 2026.
- Consolidated PAT reached ₹16.99 Cr in Q1 FY27, a significant increase from ₹1.67 Cr in Q1 FY26.
- International Trading segment generated ₹248.63 Cr in revenue, accounting for 67% of total consolidated revenue.
- Allotted 10,41,77,040 equity shares of ₹1 each following the conversion of 11 FCCBs worth USD 1.1 million.
- Standalone revenue grew 9.5% YoY to ₹121.06 Cr from ₹110.51 Cr.
- Paid-up equity share capital increased to ₹76.19 Cr as of June 30, 2026, up from ₹65.78 Cr in March 2026.
NHC Foods Ltd has scheduled a board meeting for August 12, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company currently operates with a thin operating margin of 3.1% on a TTM revenue of Rs 443 Cr. A critical point for investors is the 0.0% promoter holding, which indicates a completely public-held structure. The trading window for the company's securities has been closed since July 1, 2026, and will reopen 48 hours after the results are announced.
- Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
- Trading window closed from July 1, 2026, until 48 hours post-announcement.
- Company reported TTM revenue of Rs 443 Cr as of the latest annual cycle.
- Promoter holding remains at 0.0% as per June 2026 records.
- Operating profit margin (OPM) stands at a low 3.1%.
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