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Flex Foods Ltd (523672)

📊 BSE: 523672 🏢 Other Agricultural Products 📢 Latest filing: 23 Sep 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Flex Foods' revenue was ₹59.7 Cr (+47.5% year on year, +6.1% on the previous quarter), and net profit ₹-1.3 Cr (a smaller loss than a year earlier); the operating margin was 14.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹59.7	+47.5%	+6.1%
Operating profit	₹8.9	from loss	+30.2%
Net profit	₹-1.3	loss narrowed	loss narrowed
EPS (₹)	-1.06	loss narrowed	loss narrowed
Operating margin	14.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

ICRA Assigns [ICRA]BB+ (Stable) to Flex Foods' Rs 170 Cr Bank Facilities

🟡 NEUTRAL ⭐ 6/10

OTHER 📅 23 Sep 2026, 11:59 AM

Flex Foods announced that ICRA Limited has assigned credit ratings to its bank facilities totaling Rs 170.00 crore. The agency assigned [ICRA]BB+ (Stable) to long-term fund-based term loans worth Rs 123.50 crore. Additionally, long-term/short-term facilities of Rs 45.00 crore and unallocated limits of Rs 1.50 crore received [ICRA]BB+ (Stable)/[ICRA]A4+. This rating reflects moderate credit risk, significant in the context of the company's Rs 308 crore total debt against a net worth of just Rs 9 crore.

ICRA assigned ratings to total bank facilities of Rs 170.00 crore
Long-term fund-based term loans of Rs 123.50 crore assigned [ICRA]BB+ (Stable)
Fund-based/non-fund-based working capital facilities of Rs 45.00 crore rated [ICRA]BB+ (Stable)/[ICRA]A4+
Unallocated limits of Rs 1.50 crore rated [ICRA]BB+ (Stable)/[ICRA]A4+

💡 Track whether the assigned ratings lead to higher borrowing costs or refinancing hurdles, and monitor the company's ability to turn net profitable given its high debt load (Rs 308 crore).

Flex Foods Independent Director Arvind Mahajan Completes 5-Year Term on August 23, 2026

🟡 NEUTRAL ⭐ 2/10

MANAGEMENT 📅 23 Aug 2026, 05:37 PM

Flex Foods Ltd has informed the exchanges that Mr. Arvind Mahajan (DIN: 02410540) ceased to be an Independent Director of the company effective close of business hours on August 23, 2026. The cessation comes upon the normal completion of his 5-year tenure, which commenced on August 24, 2021. This is a scheduled administrative board transition with no operational disruption reported.

Mr. Arvind Mahajan completed his 5-year term as Independent Director on August 23, 2026
Tenure was effective from August 24, 2021 to August 23, 2026
Cessation took effect from the close of business hours on August 23, 2026

💡 Track subsequent board reconstitution filings to monitor any new independent director appointments to ensure continued board independence compliance.

Flex Foods Q1 Results: Net Loss Narrows to ₹1.32 Cr; Revenue Grows 47% YoY

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 07:08 PM

Flex Foods reported a significant narrowing of its net loss to ₹1.32 Cr for the quarter ended June 30, 2026, compared to a loss of ₹12.96 Cr in the same period last year. Revenue from operations grew by 47.5% YoY to ₹59.74 Cr, up from ₹40.49 Cr. While the company remains loss-making, the operational performance improved with the loss before tax reducing from ₹17.10 Cr to ₹1.65 Cr. High finance costs of ₹6.52 Cr continue to be a major drag, consuming nearly 11% of total revenue.

Revenue from operations increased 47.5% YoY to ₹59.74 Cr from ₹40.49 Cr.
Net loss narrowed by approximately 90% to ₹1.32 Cr from ₹12.96 Cr in the year-ago quarter.
Finance costs remained high at ₹6.52 Cr, representing a significant burden relative to the ₹56 Cr market cap.
Loss per share (EPS) improved to ₹(1.06) from ₹(10.41) in June 2025.
Total expenses rose to ₹61.76 Cr, with cost of materials consumed at ₹18.38 Cr.

💡 Monitor the company's ability to sustain revenue growth and achieve a positive bottom line, specifically watching if operating profits can eventually cover the high interest obligations.

Flex Foods Q1 Loss Narrows to ₹1.32 Cr; Revenue Grows 47.5% YoY

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 07:05 PM

Flex Foods reported a significant operational improvement in Q1 FY27, with revenue from operations rising 47.5% YoY to ₹59.74 Cr. The net loss narrowed substantially to ₹1.32 Cr from a loss of ₹12.96 Cr in the same quarter last year. Despite the top-line growth, the company remains heavily burdened by finance costs of ₹6.52 Cr, which exceed the total net loss. The balance sheet remains stressed with a high debt-to-equity ratio of 34.22 based on recent annual data.

Revenue from operations increased to ₹59.74 Cr in Q1 FY27 from ₹40.49 Cr in Q1 FY26.
Net loss narrowed by 89.8% YoY to ₹1.32 Cr compared to ₹12.96 Cr in the previous year's quarter.
Finance costs remained high at ₹6.52 Cr, accounting for nearly 11% of total revenue.
Total expenses stood at ₹61.76 Cr, up from ₹57.66 Cr in the year-ago period.
Basic and Diluted EPS improved to ₹-1.06 from ₹-10.41 YoY.

💡 Investors should monitor if the company can sustain this revenue growth and achieve operational break-even. The primary concern remains the high debt of ₹308 Cr relative to a small net worth; watch for any management commentary on deleveraging or capital raising.

Aug 13 Board Meeting to Approve Q1 FY27 Financial Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 06 Aug 2026, 04:48 PM

Flex Foods Ltd has scheduled a board meeting on August 13, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is currently under significant financial stress, reporting a TTM loss of Rs 32 Cr and maintaining a very high debt-to-equity ratio of 34.22. The trading window for insiders has been closed since July 1, 2026, and will reopen 48 hours after the results are published. Investors should focus on whether the company can improve its operating margins, which stood at 0.0% for the TTM period.

Board meeting scheduled for August 13, 2026, to approve Q1 FY27 results
Trading window closed from July 1, 2026, until 48 hours post-announcement
Company reported a TTM net loss of Rs 32 Cr as of March 2026
Total debt stands at Rs 308 Cr against a small market capitalization of Rs 54 Cr

💡 Monitor the results on August 13 to check for any recovery in operating profit and to assess the company's ability to manage its high debt-servicing requirements.

5-Year Re-appointment of Independent Director Approved at Flex Foods 36th AGM

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 16 Jul 2026, 06:25 PM

Shareholders of Flex Foods approved the re-appointment of Mr. Pradeep Narendra Poddar as an Independent Director for a second 5-year term (2026-2031) at the 36th AGM. Mr. Paresh Nath Sharma was also appointed as an Independent Director for a 3-year term effective May 19, 2026. Mr. Poddar has extensive experience with Tata Group and Heinz, while Mr. Sharma brings 45 years of expertise in finance and audit. These moves ensure board continuity and strengthen financial oversight.

Mr. Pradeep Narendra Poddar re-appointed for a 5-year term from July 21, 2026, to July 20, 2031.
Mr. Paresh Nath Sharma appointed for a 3-year term from May 19, 2026, to May 18, 2029.
Mr. Sharma possesses approximately 45 years of experience in finance, audit, and administration.
Decisions finalized via Special Resolutions at the 36th AGM on July 16, 2026.

💡 Monitor if these appointments lead to changes in the Audit Committee or strategic direction, though they are largely routine governance updates.

Flex Foods Concludes 36th AGM; Re-appoints Chairman Ashok Chaturvedi

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 16 Jul 2026, 06:21 PM

Flex Foods Limited conducted its 36th Annual General Meeting (AGM) on July 16, 2026, via video conferencing. A total of 45 members attended the meeting, which lasted approximately 37 minutes. The agenda included the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the re-appointment of Chairman Ashok Chaturvedi. Two independent director appointments were also put to vote, with final results to be disclosed separately.

36th Annual General Meeting held on July 16, 2026, with 45 members in attendance.
Remote e-voting was conducted over a 3-day period from July 13 to July 15, 2026.
4 key resolutions were transacted, including the adoption of FY26 financial statements.
Meeting duration was 37 minutes, commencing at 12:30 PM and concluding at 1:07 PM.
Re-appointment of Mr. Ashok Chaturvedi (Chairman) as a Director was a primary agenda item.

💡 Investors should watch for the formal disclosure of voting results on the BSE to confirm the passage of all resolutions, particularly the director appointments.

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