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Cropster Agro Ltd (523105)

📊 BSE: 523105 🏢 Packaging 📢 Latest filing: 13 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q4 FY26)

In its latest reported quarter, Q4 FY26, Cropster Agro's revenue was ₹17.7 Cr (-68.3% year on year, -67.3% on the previous quarter), and net profit ₹1.5 Cr (-54.5% year on year); the operating margin was 8.7%.

Q4 FY26 (₹ Cr)	Value	YoY vs Q4 FY25	QoQ
Revenue	₹17.7	-68.3%	-67.3%
Operating profit	₹1.5	-57.9%	-64.8%
Net profit	₹1.5	-54.5%	-65.1%
EPS (₹)	0.02	-50.0%	-60.0%
Operating margin	8.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Cropster Agro Appoints Pranav Pandit as Independent Director; Reconstitutes 4 Board Committees

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Aug 2026, 05:28 PM

Cropster Agro Ltd has appointed Mr. Pranav Mahadevbhai Pandit as an Additional Non-Executive Independent Director effective August 13, 2026. Following this appointment, the company has reconstituted its Audit, Nomination and Remuneration, Stakeholders Relationship, and Corporate Social Responsibility committees. Mr. Pandit, who has over 10 years of experience in hardware supply and 3 years in sales, will chair the CSR committee. This is a routine governance update for the company, which currently has a market capitalization of ₹475 crore.

Appointment of Mr. Pranav Mahadevbhai Pandit as Additional Non-Executive Independent Director effective August 13, 2026
Reconstitution of 4 key board committees: Audit, NRC, SRC, and CSR
New director brings 10+ years of experience as a hardware supplier and 3 years in sales/marketing
Board meeting concluded within 2 hours, starting at 03:00 P.M. and ending at 05:00 P.M.

💡 Investors should treat this as a routine administrative update. No immediate action is required, though one may monitor future filings for any shifts in governance or strategic direction resulting from the new board composition.

Cropster Agro Appoints Pranav Pandit as Independent Director; Reconstitutes Board Committees

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Aug 2026, 05:27 PM

Cropster Agro Ltd has appointed Mr. Pranav Mahadevbhai Pandit as an Additional Non-Executive and Independent Director effective August 13, 2026. Following this appointment, the company has reconstituted four key board committees: Audit, Nomination and Remuneration, Stakeholders Relationship, and Corporate Social Responsibility (CSR). Mr. Pandit, who holds a Diploma in Computer Science and has over 13 years of experience in sales and hardware supply, will chair the CSR committee. This is a routine governance update for the company, which currently has a market capitalization of Rs 475 crore.

Appointment of Mr. Pranav Mahadevbhai Pandit as Independent Director effective August 13, 2026
Reconstitution of 4 major board committees including Audit and NRC
New director brings 10+ years of experience as a hardware supplier and 3 years in sales
Board meeting conducted for 2 hours from 03:00 P.M. to 05:00 P.M. on August 13, 2026

💡 Investors should treat this as a routine administrative update. Monitor future filings for any shifts in corporate governance or strategic direction following the board reconstitution.

Cropster Agro Appoints Pranav Pandit as Independent Director; Reconstitutes 4 Board Committees

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Aug 2026, 05:21 PM

Cropster Agro Ltd has appointed Mr. Pranav Mahadevbhai Pandit as an Additional Non-Executive and Independent Director effective August 13, 2026. Consequently, the company has reconstituted four key board committees: Audit, Nomination and Remuneration, Stakeholders Relationship, and Corporate Social Responsibility. Mr. Pandit brings over 10 years of experience as a hardware supplier and 3 years in sales. This is a procedural governance update for the company, which has a market capitalization of Rs 475 Cr.

Appointment of 1 new Additional Non-Executive and Independent Director effective August 13, 2026
Reconstitution of 4 major board committees including Audit and NRC
New director Mr. Pranav Pandit has 10+ years of experience in hardware supply and 3 years in sales marketing
Board meeting commenced at 03:00 P.M. and concluded at 05:00 P.M. on August 13, 2026

💡 This is a routine administrative filing. Investors should monitor future filings for any shifts in corporate strategy or governance quality resulting from the new board composition.

Resignation of Independent Director Yatharth Mimrot Effective August 12, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 12 Aug 2026, 07:38 PM

Mr. Yatharth Mimrot has resigned from his position as a Non-Executive Independent Director of Cropster Agro Ltd, effective August 12, 2026. The resignation is attributed to personal commitments and an inability to dedicate sufficient time to the company's affairs. The outgoing director confirmed there are no other material reasons for his departure. This administrative change occurs against a backdrop of a 66.3% decline in the company's stock price over the last 12 months.

Resignation of Mr. Yatharth Mimrot (DIN: 11640738) effective from August 12, 2026
Director held zero (Nil) other directorships or committee memberships in listed entities
Company reported TTM revenue of Rs 175 Cr and PAT of Rs 14 Cr for FY26
Stock price has experienced a significant 12-month return of -66.3%

💡 Investors should monitor the company's upcoming filings for the appointment of a new Independent Director to ensure continued compliance with SEBI board composition requirements.

Resignation of Independent Director Yatharth Mimrot Effective August 12, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 12 Aug 2026, 07:32 PM

Mr. Yatharth Mimrot has resigned from his position as a Non-Executive Independent Director of Cropster Agro Ltd, effective August 12, 2026. The resignation is attributed to personal commitments and an inability to dedicate sufficient time to the company's affairs. The director has confirmed that there are no other material reasons for his departure. This administrative change comes at a time when the company's stock has seen a significant 12-month decline of 66.3%.

Resignation of Mr. Yatharth Mimrot (DIN: 11640738) effective from August 12, 2026
Director held zero memberships in board committees of other listed entities
Company reported TTM revenue of ₹175 Cr and PAT of ₹14 Cr
Stock price has declined by 66.3% over the last 12 months

💡 Investors should monitor the company's next board meeting announcement for the appointment of a new Independent Director to ensure continued compliance with SEBI board composition regulations.

Cropster Agro Q1 FY27 PAT Rises 34% YoY to ₹5.34 Cr; Revenue at ₹54.59 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Aug 2026, 06:19 PM

Cropster Agro reported a 7% YoY increase in revenue to ₹54.59 Cr for the quarter ended June 30, 2026. Net profit grew by 34% YoY to ₹5.34 Cr, significantly aided by a zero tax provision in the current quarter compared to ₹0.15 Cr in the year-ago period. Sequentially, revenue saw a sharp 208% recovery from the ₹17.68 Cr reported in the March 2026 quarter. The company continues to operate as a pure-play agro-food trading entity with high reliance on stock-in-trade purchases.

Revenue from operations reached ₹54.59 Cr, a 7% increase compared to ₹51.02 Cr in Q1 FY26.
Net Profit (PAT) stood at ₹5.34 Cr, up from ₹3.97 Cr in the same quarter last year.
Earnings Per Share (EPS) improved to ₹0.06 from ₹0.05 YoY.
Total expenses were ₹49.25 Cr, with Purchase of Stock-in-Trade accounting for 95.8% of total costs.
Profit Before Tax (PBT) grew 29% YoY to ₹5.34 Cr from ₹4.13 Cr.

💡 Investors should monitor the sustainability of the sequential revenue jump and clarify if the zero tax provision this quarter is a temporary adjustment or a structural benefit. Watch for monsoon impacts on trading volumes in the upcoming Q2 results.

Rs 5.34 Cr Q1 Profit: Cropster Agro Reports 34.5% YoY Profit Growth and 208% Sequential Recovery

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Aug 2026, 06:16 PM

Cropster Agro Ltd reported a strong start to FY27 with Q1 revenue growing 7% YoY to Rs 54.59 Cr. Net profit for the quarter rose 34.5% YoY to Rs 5.34 Cr, compared to Rs 3.97 Cr in the year-ago period. Most notably, the company saw a sharp sequential recovery from a weak Q4 FY26, with revenue jumping 208% and net profit increasing 263%. The company maintains a debt-free balance sheet with a focus on the agro-food trading segment.

Revenue from operations grew 7% YoY to Rs 54.59 Cr from Rs 51.02 Cr.
Net profit increased 34.5% YoY to Rs 5.34 Cr, representing a significant margin improvement.
Sequential revenue surged 208.7% from Rs 17.68 Cr in the preceding March 2026 quarter.
Earnings Per Share (EPS) for the quarter improved to Rs 0.06 from Rs 0.05 YoY.
Total expenses were managed at Rs 49.25 Cr, primarily driven by stock-in-trade purchases of Rs 47.22 Cr.

💡 Investors should monitor the sustainability of the current 9.8% PBT margin compared to the TTM OPM of 8.1%. The sharp sequential volatility suggests seasonality in the agro-trading business, making annual performance trends more critical than quarterly fluctuations.

Cropster Agro Q1 Results: Net Profit Rises 34% YoY to ₹5.34 Cr; Revenue Up 7% to ₹54.59 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 10 Aug 2026, 06:08 PM

Cropster Agro reported a strong start to FY27 with Q1 revenue reaching ₹54.59 Cr, a 7% increase over the ₹51.02 Cr reported in the same quarter last year. Net profit grew 34% YoY to ₹5.34 Cr, significantly aided by a reported zero tax expense for the period. On a sequential basis, revenue surged 208% from a weak Q4 FY26 (₹17.68 Cr), indicating a sharp recovery in trading volumes. The quarterly revenue represents approximately 31% of the company's total TTM revenue of ₹175 Cr.

Revenue from operations grew 7% YoY to ₹54.59 Cr from ₹51.02 Cr in June 2025.
Net Profit increased 34.3% YoY to ₹5.34 Cr compared to ₹3.97 Cr in the year-ago period.
Earnings Per Share (EPS) improved to ₹0.06 from ₹0.05 in Q1 FY26.
Total expenses for the quarter stood at ₹49.25 Cr, primarily driven by stock-in-trade purchases of ₹47.22 Cr.
The company reported zero tax expense for Q1 FY27, compared to ₹15.17 Lakhs in Q1 FY26.

💡 Investors should monitor the sustainability of these margins and investigate the reason for the zero tax provision in the current quarter. Watch for upcoming half-yearly results to see if tax liabilities are adjusted or if operational growth continues at this pace.

Cropster Agro Board Meeting on August 10, 2026, to Approve Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 03 Aug 2026, 07:17 PM

Cropster Agro Ltd has scheduled a board meeting for August 10, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This follows a fiscal year (FY26) where the company generated Rs 175 crore in revenue and Rs 14 crore in net profit. The upcoming results are critical as the company saw a sharp revenue decline to Rs 17.68 crore in the March 2026 quarter compared to Rs 54.06 crore in the December 2025 quarter. Investors will be monitoring for signs of recovery given the stock's 68.5% price decline over the last six months.

Board meeting scheduled for August 10, 2026, at 4:00 P.M. to approve Q1 results.
Company reported a TTM revenue of Rs 175 crore with an operating margin of 8.1%.
Net profit for the trailing twelve months stands at Rs 14 crore.
The stock has experienced a significant 12-month price return of -66.6%.
March 2026 quarterly revenue was Rs 17.68 crore, a sharp drop from Rs 54.06 crore in the previous quarter.

💡 Investors should focus on the Q1 FY27 revenue figures to see if the company can stabilize its top-line performance after the sequential decline observed in the March 2026 quarter.

Resignation of Company Secretary and Compliance Officer Shruti Joshi

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 30 Jul 2026, 08:29 PM

Ms. Shruti Joshi has resigned from her position as Company Secretary and Compliance Officer of Cropster Agro Ltd, effective July 30, 2026. The resignation is attributed to personal reasons, and the outgoing officer has confirmed there are no other material reasons for her departure. This is a routine administrative change for the company, which currently has a market capitalization of Rs 505 Cr and TTM revenue of Rs 175 Cr. The company will need to appoint a successor to maintain regulatory compliance under SEBI LODR regulations.

Resignation of Ms. Shruti Joshi effective from July 30, 2026
Reason for resignation cited as personal reasons
Company maintains a market capitalization of Rs 505 Cr
TTM revenue stands at Rs 175 Cr with a PAT of Rs 14 Cr
Confirmation provided that no other material reasons exist for the resignation

💡 Investors should monitor the company's subsequent filings for the appointment of a new Company Secretary and Compliance Officer to ensure continuity in regulatory adherence.

Cropster Agro Ltd Announces Resignation of Director and Reconstitution of CSR Committee

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 29 Jul 2026, 06:44 PM

Cropster Agro Ltd has announced the resignation of Mr. Harendrasingh Chauhan, a Non-Executive and Non-Independent Director, effective July 30, 2026. The resignation is attributed to personal commitments and professional responsibilities, with no other material reasons cited. Consequently, the Board has reconstituted the Corporate Social Responsibility (CSR) Committee, which now consists of three Independent Directors. This administrative change occurs as the company maintains a TTM revenue of ₹175 Cr and a market capitalization of ₹505 Cr.

Resignation of Mr. Harendrasingh Chauhan (Non-Executive Director) effective July 30, 2026
Reconstitution of the CSR Committee with 3 Independent Directors as members
Board meeting held on July 29, 2026, concluded within 30 minutes (18:00 to 18:30 IST)
Company reported TTM PAT of ₹14 Cr against a market cap of ₹505 Cr

💡 Investors should treat this as a routine administrative update. No immediate action is required, though monitoring for further board-level changes is standard practice for governance oversight.

Resignation of Non-Executive Director Harendrasingh Chauhan and CSR Committee Reconstitution

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 29 Jul 2026, 06:42 PM

Cropster Agro Ltd has announced the resignation of Mr. Harendrasingh Chauhan, a Non-Executive and Non-Independent Director, effective July 30, 2026. The director cited personal commitments and professional responsibilities as the primary reasons for his departure. In the same board meeting, the company reconstituted its Corporate Social Responsibility (CSR) Committee, which will now be chaired by Mr. Yatharth Mimrot. These administrative changes occur against a backdrop of a 64.1% decline in the company's share price over the past 12 months.

Resignation of Mr. Harendrasingh Chauhan (DIN: 11241707) effective July 30, 2026
CSR Committee reconstituted with 3 Independent Directors: Yatharth Mimrot, Dipak Rana, and Chirag Jonwal
Board meeting conducted in 30 minutes, from 06:00 P.M. to 06:30 P.M. on July 29, 2026
Director confirmed no other material reasons for resignation beyond personal commitments

💡 Investors should monitor for any further board-level changes, though this specific resignation of a non-executive director is considered routine and unlikely to impact operations.

Cropster Agro Ltd Announces Resignation of Non-Executive Director and CSR Committee Reconstitution

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 29 Jul 2026, 06:41 PM

Cropster Agro Ltd has announced the resignation of Mr. Harendrasingh Chauhan, a Non-Executive and Non-Independent Director, effective July 30, 2026. The resignation is attributed to personal commitments and professional responsibilities, with no other material reasons cited. Following this, the Board has reconstituted the Corporate Social Responsibility (CSR) Committee, which now consists of three Independent Directors. This administrative change comes as the company maintains a market capitalization of Rs 505 Cr despite a significant 64.1% decline in share price over the last 12 months.

Resignation of Mr. Harendrasingh Chauhan (Non-Executive Director) effective July 30, 2026
Reconstitution of the CSR Committee with 3 Independent Directors effective July 29, 2026
Board meeting conducted on July 29, 2026, lasting 30 minutes (06:00 PM to 06:30 PM)
Company reported TTM revenue of Rs 175 Cr and PAT of Rs 14 Cr
Share price has seen a 12-month return of -64.1% as of the announcement date

💡 Investors should monitor for any further changes in the board composition and track the upcoming quarterly results to see if the sharp revenue drop seen in March 2026 (Rs 17.68 Cr vs Rs 54.06 Cr in Dec 2025) stabilizes.

July 30 Resignation of Non-Executive Director and CSR Committee Reconstitution

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 29 Jul 2026, 06:39 PM

Cropster Agro Ltd has announced the resignation of Mr. Harendrasingh Chauhan, a Non-Executive and Non-Independent Director, effective July 30, 2026, citing personal commitments. Following this, the Board has reconstituted its Corporate Social Responsibility (CSR) Committee, which will now be composed entirely of three Independent Directors. This administrative change occurs as the company maintains a market capitalization of Rs 505 Cr with a TTM revenue of Rs 175 Cr. The resignation is stated to have no other material reasons beyond personal and professional responsibilities.

Resignation of Mr. Harendrasingh Chauhan (Non-Executive Director) effective July 30, 2026
CSR Committee reconstituted with 3 Independent Directors: Mr. Yatharth Mimrot, Mr. Dipak Rana, and Mr. Chirag Jonwal
Board meeting conducted and concluded within 30 minutes (18:00 to 18:30 IST)
Company reported TTM PAT of Rs 14 Cr on a TTM revenue of Rs 175 Cr

💡 Investors should treat this as a routine governance update; watch for any future appointments to the board to assess long-term leadership stability.

Resignation of Two Independent Directors Effective July 27, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 27 Jul 2026, 08:12 PM

Cropster Agro Ltd has announced the simultaneous resignation of two Non-Executive Independent Directors, Ms. Sejalben Rakeshkumar Rathod and Mr. Aashish Kumar Hemraj Maury, effective July 27, 2026. Both directors cited increasing professional and personal commitments as the primary reasons for their departure. The company confirmed there are no other material reasons for these resignations. This change comes at a time when the company has a market capitalization of ₹559 Cr and TTM revenue of ₹175 Cr.

2 Independent Directors resigned from the board effective July 27, 2026
Ms. Sejalben Rakeshkumar Rathod (DIN: 11228401) cited professional and personal commitments for stepping down
Mr. Aashish Kumar Hemraj Maury (DIN: 10931075) resigned due to personal commitments and other engagements
Company reported TTM PAT of ₹14 Cr against a market cap of ₹559 Cr
Stock has seen a significant price return decline of -61.6% over the last 12 months

💡 Investors should monitor the company's upcoming filings for the appointment of new Independent Directors to ensure continued compliance with SEBI board composition regulations.

View All 523105 Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single segment, Trading, which focuses on food grains and agri-inputs. While specific INR revenue for the company is not disclosed, India's food grain production reached a record 296.65 million tons in 2019-20, with a government target to increase production by 3.9% for FY 2021-22.

Geographic Revenue Split

The company is based in Ahmedabad, Gujarat, India. Macro data indicates India is the largest producer of spices, pulses, milk, tea, cashew, and jute, and the second largest producer of wheat, rice, fruits, and vegetables.

Profitability Margins

Not disclosed in available documents; however, the company reported significant changes of 25% or more in key sector-specific financial ratios compared to the previous financial year.

⚙️ Operational Drivers

Raw Materials

Food grains (wheat, rice, pulses), seeds, bio-fertilizers, and spices represent the primary trading stock, though specific cost percentages per item are not disclosed.

Import Sources

Sourced primarily within India, which has 20 agri-climatic regions and the second-largest arable land resources globally.

Capacity Expansion

As a trading entity, installed manufacturing capacity is not applicable; however, the company leverages India's record food grain production of 296.65 million tons.

Raw Material Costs

Not disclosed in INR; however, global headline inflation is expected to fall from 8.7% in 2023 to 5.2% by 2025, which may stabilize procurement costs.

📈 Strategic Growth

Expected Growth Rate

7.0-7.2%

Growth Strategy

Growth will be driven by rising demand for better seeds due to population growth, government subsidy and incentive schemes for farmers, and the adoption of precision farming tools by agri-tech startups. The company also aims to capitalize on shifting cropping patterns and modern retail requirements.

Products & Services

Trading of food grains, seeds, bio-fertilizers, and agri-inputs.

Brand Portfolio

Cropster Agro Limited (formerly Planters Polysacks Limited).

New Products/Services

Improved varieties of seeds required for changing climate needs and modern retail; expected contribution not disclosed.

Market Expansion

Focus on modern retail and processing industries within India.

🌍 External Factors

Industry Trends

The industry is evolving through agri-tech startups and precision farming tools. India is navigating complex issues related to asset quality and fiscal discipline while maintaining its position as a leading emerging market destination.

Competitive Landscape

The industry has few limitations on entry and exit, leading to high competition from substitutes at different price points.

Competitive Moat

The company's moat is based on a philosophy of building sustainable businesses rooted in the community and transparent governance practices, though industry barriers to entry remain low.

Macro Economic Sensitivity

Highly sensitive to GDP growth (projected 7.0-7.2% for FY26) and inflation (4.5% in Q1 FY26).

Consumer Behavior

Consumer spending in India is expanding by 7% post-pandemic, with private consumption expenditure estimated at Rs. 80.8 trillion in FY22.

Geopolitical Risks

Geopolitical tensions and trade restrictions are identified as major threats to export competitiveness.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by SEBI (LODR) Regulations 2015 and SEBI (Prohibition of Insider Trading) Regulations 2015. The company maintains a robust compliance management system for tracking all applicable laws.

Legal Contingencies

The company confirmed there were no material financial or commercial transactions during the year that would lead to personal interest conflicts for senior management.

⚠️ Risk Analysis

Key Uncertainties

Climate change and its impact on cropping patterns; global growth projected to fall to 2.8% by 2026.

Geographic Concentration Risk

High concentration in India, specifically Gujarat, making it vulnerable to domestic monsoon patterns.

Technology Obsolescence Risk

The company is monitoring emerging technologies through familiarization programs for directors to stay updated on industry trends.

Credit & Counterparty Risk

Credit risk is managed through separate policies and procedures for various businesses, including analysis of counter-party and industry sector concentration.