BN Agrochem Ltd (526125)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, BN Agrochem's revenue was ₹258 Cr (+26.7% year on year, -1.4% on the previous quarter), and net profit ₹3.0 Cr (-85.2% year on year); the operating margin was 2.3%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹258 | +26.7% | -1.4% |
| Operating profit | ₹5.9 | -75.2% | +40.0% |
| Net profit | ₹3.0 | -85.2% | +1.0% |
| EPS (₹) | 0.30 | -85.4% | +0.0% |
| Operating margin | 2.3% | — | — |
📢 Recent Corporate Announcements
BN Agrochem Ltd responded to a BSE inquiry dated October 13, 2026, regarding recent fluctuations in its share price. The company confirmed that there is no undisclosed material event or pending price-sensitive information under Regulation 30. The management stated that the share price movement is purely market-driven and influenced by external factors. This clarification comes as the stock has declined 50% over the past 12 months, trading at Rs 200 with an elevated P/E of 114.9.
- Clarification issued on October 14, 2026, in response to BSE query letter dated October 13, 2026
- Company confirmed zero undisclosed material developments or price-sensitive events
- Share price movement attributed entirely to external market-driven factors
- Stock has declined 27.4% over 3 months and 50.0% over 12 months
BN Agrochem Ltd has secured a 90-day extension from the NCLT Mumbai Bench to convene meetings for its pending scheme of amalgamation. The extension applies to the equity shareholders of BN Agrochem and secured creditors of three transferor companies (A1 Agri Global, B.N. Agritech, and Salasar Balaji Overseas). The NCLT order dated August 13, 2026, was officially uploaded on October 01, 2026, granting 90 days from the upload date. The delay was attributed to parties needing additional time for internal approval processes and authorizations.
- NCLT granted a 90-day extension from order upload date (October 01, 2026) to hold scheme meetings
- Pertains to amalgamation of 3 transferor companies: A1 Agri Global, B.N. Agritech, and Salasar Balaji Overseas into BN Agrochem
- Meetings required for equity shareholders of BN Agrochem and secured creditors of the transferor entities
- Earlier compliance deadline stemmed from NCLT's prior order dated June 19, 2026
BN Agrochem Ltd has issued a notice convening its 1st Extra-Ordinary General Meeting on October 22, 2026, to seek shareholder approval for a 1:10 stock split. Under the proposal, 1 equity share of face value ₹10 will be subdivided into 10 equity shares of face value ₹1 each. Total paid-up equity shares will increase from 9,77,72,941 to 97,77,29,410 shares, while paid-up share capital remains unchanged at ₹97.77 crore. The remote e-voting window is set from October 19 to October 21, 2026, with the cut-off date on October 16, 2026.
- Sub-division of 1 equity share of ₹10 face value into 10 shares of ₹1 face value (1:10 ratio)
- Paid-up share count increases from 9,77,72,941 to 97,77,29,410 shares
- Paid-up capital remains unchanged at ₹97,77,29,410
- E-voting cut-off date is October 16, 2026; remote e-voting runs October 19–21, 2026
- EGM scheduled for Thursday, October 22, 2026 at 12:30 PM IST
BN Agrochem's board has approved a sub-division (stock split) of each existing ₹10 face value equity share into 10 shares of ₹1 face value, subject to shareholder approval at an EGM on October 22, 2026. The split will expand the paid-up share count from 9.78 crore to 97.77 crore shares without altering total paid-up equity of ₹97.77 crore. Additionally, the board approved extending a ₹10 crore corporate guarantee on behalf of related entity B.N. Agritech Limited to Godrej Finance Limited. The guarantee represents roughly 3.1% of BN Agrochem's net worth (₹323 crore) and adds a contingent liability.
- Approved 1:10 stock split: each ₹10 face value equity share to be sub-divided into 10 equity shares of ₹1 face value
- Paid-up share base will increase from 9,77,72,941 shares to 97,77,29,410 shares, keeping total paid-up capital unchanged at ₹97,77,29,410
- Extended ₹10 crore corporate guarantee for related party B.N. Agritech Limited's credit facility with Godrej Finance Limited
- EGM scheduled for October 22, 2026, with cut-off date fixed as October 16, 2026
BN Agrochem's board has approved a sub-division (stock split) of each existing ₹10 face value equity share into 10 shares of ₹1 face value, subject to shareholder approval at an EGM on October 22, 2026. The split will expand the paid-up share count from 9.78 crore to 97.77 crore shares without altering total paid-up equity of ₹97.77 crore. Additionally, the board approved extending a ₹10 crore corporate guarantee on behalf of related entity B.N. Agritech Limited to Godrej Finance Limited. The guarantee represents roughly 3.1% of BN Agrochem's net worth (₹323 crore) and adds a contingent liability.
- Approved 1:10 stock split: each ₹10 face value equity share to be sub-divided into 10 equity shares of ₹1 face value
- Paid-up share base will increase from 9,77,72,941 shares to 97,77,29,410 shares, keeping total paid-up capital unchanged at ₹97,77,29,410
- Extended ₹10 crore corporate guarantee for related party B.N. Agritech Limited's credit facility with Godrej Finance Limited
- EGM scheduled for October 22, 2026, with cut-off date fixed as October 16, 2026
BN Agrochem's board has approved acting as a co-borrower or corporate guarantor for a ₹15 crore credit facility sanctioned to B.N. Agritech Limited, a related party. The facility, provided by SMFG India Credit Company Limited, is for purchase invoice financing and requires shareholder approval at the upcoming AGM. The company has scheduled its 35th Annual General Meeting for September 23, 2026, with a voting cut-off date of September 18, 2026. Additionally, M/s JSMG & Associates has been appointed as the Tax Auditor for FY 2026-27.
- Approved acting as Co-Borrower/Corporate Guarantor for a ₹15 crore facility for related party B.N. Agritech Limited.
- 35th Annual General Meeting (AGM) scheduled for September 23, 2026, via video conferencing.
- September 18, 2026, fixed as the cut-off date for determining shareholder eligibility for e-voting.
- Appointment of M/s JSMG & Associates as Tax Auditor for the financial year 2026-27.
- The ₹15 crore guarantee represents approximately 3.2% of the company's current net worth of ₹467 crore.
BN Agrochem reported a weak set of consolidated results for Q1 FY27, with Net Profit plunging 87.3% YoY to ‑2.54 Cr from ‑200.8 Cr in the previous year's quarter. Revenue from operations remained stagnant at ‑201.11 Cr compared to ‑203.31 Cr in Q1 FY26. The company remains heavily dependent on its international subsidiaries, which contributed 97.8% of total revenue, while standalone domestic operations contributed only ‑4.45 Cr. Profitability was impacted by higher operating costs relative to the thin margins typical of the trading business.
- Consolidated Net Profit fell to ‑2.54 Cr in Q1 FY27 from ‑20.08 Cr in Q1 FY26.
- Consolidated Revenue from operations stood at ‑201.11 Cr, a marginal decline of 1% YoY.
- International subsidiaries (Europe, Singapore, Liberia) contributed ‑196.67 Cr to the total revenue.
- Standalone revenue was minimal at ‑4.45 Cr with a negligible profit of ‑3.00 Lacs.
- Finance costs increased to ‑51.87 Lacs from ‑45.26 Lacs in the year-ago period.
BN Agrochem reported a consolidated revenue of ₹201.32 Cr for Q1 FY27, remaining largely flat compared to ₹203.31 Cr in the same quarter last year. However, consolidated net profit witnessed a sharp decline of 87.3% YoY, falling to ₹2.54 Cr from ₹20.08 Cr in Q1 FY26. This contraction is primarily due to higher purchase costs and finance expenses, with total expenses consuming 98.7% of revenue. The company's performance continues to be driven by its international subsidiaries in Europe, Singapore, and Liberia, while standalone operations contributed less than 3% of total revenue.
- Consolidated Revenue for Q1 FY27 stood at ₹201.32 Cr (₹20,131.55 Lacs).
- Consolidated Net Profit fell to ₹2.54 Cr compared to ₹20.08 Cr in the year-ago period.
- Total expenses for the quarter reached ₹198.78 Cr, representing a high cost-to-revenue ratio.
- Finance costs increased to ₹51.87 Lacs from ₹45.26 Lacs YoY.
- Consolidated EPS for the quarter dropped to ₹0.26 from ₹2.05 in Q1 FY26.
BN Agrochem Ltd has scheduled a board meeting for August 11, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company is coming off a fiscal year (FY26) with Rs 873 Cr in revenue and Rs 34 Cr in PAT. Investors will be monitoring if the company can sustain the profitability seen in the March 2026 quarter (Rs 2.95 Cr PAT) following a volatile December 2025 quarter which saw a net loss of Rs 6.78 Cr. The trading window for insiders has been closed since July 01, 2026.
- Board meeting scheduled for August 11, 2026, to approve Q1 FY27 results.
- Trading window for insiders closed from July 01, 2026, until 48 hours after the announcement.
- Company reported TTM revenue of Rs 873 Cr with a thin operating margin of 1.5%.
- Promoter holding remains low at 5.93% as of June 2026.
- Stock is currently trading at a high P/E of 78.3 relative to its historical earnings.
Financial Performance
Revenue Growth by Segment
The edible oils and Agri-products trading segment remains the primary revenue driver for FY 2024-25, though specific percentage growth figures for individual segments are not disclosed in the available documents.
Geographic Revenue Split
The company operates in domestic Indian markets and is expanding internationally, specifically through the incorporation of BNPB Industries Liberia Corporation in Liberia on August 19, 2024. Specific regional percentage contributions are not disclosed.
Profitability Margins
Profitability margins (Gross, Operating, and Net %) are not explicitly stated in the provided documents, although the company aims to build scalable and profitable business models in the FMCG and agri-commodities sectors.
EBITDA Margin
EBITDA margin and core profitability figures with YoY changes are not disclosed in the available documentation.
Capital Expenditure
The company increased its Authorized Share Capital from INR 62 Crore to INR 125 Crore (an increase of INR 63 Crore) following a shareholder resolution on February 04, 2025, to support its expansion strategy.
Credit Rating & Borrowing
The company opened an International offering of 400 Foreign Currency Convertible Bonds (FCCBs) on May 21, 2024. Specific credit ratings and interest rate percentages are not disclosed.
Operational Drivers
Raw Materials
Primary raw materials include edible oils and various agri-commodities. Specific percentage of total cost for each material is not disclosed.
Import Sources
Raw materials are sourced domestically and internationally, with a strategic focus on Liberia following the incorporation of a wholly owned subsidiary there.
Key Suppliers
Specific names of supplier companies are not disclosed in the available documents.
Capacity Expansion
The company is expanding its operations within the edible oils and agri-products trading segment and diversifying into FMCG. Specific MTPA or unit capacity figures are not disclosed.
Raw Material Costs
Raw material costs as a percentage of revenue and YoY changes are not disclosed. Procurement strategies focus on building resilient supply chains for agri-commodities.
Manufacturing Efficiency
Capacity utilization percentages and specific manufacturing efficiency metrics are not disclosed.
Logistics & Distribution
Distribution costs as a percentage of revenue are not disclosed.
Strategic Growth
Growth Strategy
Growth will be achieved through diversification into FMCG and agri-commodities, expanding international presence (specifically in Liberia), and scaling profitable business models. The company also strengthened its capital base by increasing authorized capital by INR 63 Crore and converting FCCBs and warrants into equity.
Products & Services
The company sells edible oils, FMCG products, and agri-commodities to domestic and international customers.
Brand Portfolio
Specific brand names owned by the company are not disclosed in the provided snippets.
New Products/Services
The company is diversifying into the FMCG and agri-commodities sectors to create sustainable, long-term value. Expected revenue contribution percentages are not disclosed.
Market Expansion
Market expansion plans target the international FMCG space, with a specific focus on Liberia through the incorporation of BNPB Industries Liberia Corporation in August 2024.
Market Share & Ranking
Market share percentage and industry ranking are not disclosed.
Strategic Alliances
Strategic allotments were made to Wave Capital Limited (6,02,797 shares) and Global Focus Fund (1,79,34,782 shares) upon conversion of FCCBs and warrants, respectively.
External Factors
Industry Trends
The edible oil and FMCG sectors are growing globally. The industry is shifting toward sustainable innovation and eco-friendly practices. The company is positioning itself as a leader by integrating sustainability into its long-term strategy.
Competitive Landscape
Key competitors are not named, but the company operates in the competitive edible oils and FMCG sectors.
Competitive Moat
The company's moat is built on its strategic positioning in the edible oil trading segment, which is its primary revenue driver, and its commitment to sustainable innovation and ethical conduct.
Macro Economic Sensitivity
The company is sensitive to market volatility and regulatory shifts, though specific impact percentages are not disclosed.
Consumer Behavior
There is an increasing consumer trend toward nutritious, quality products and sustainable innovation, which the company aims to address through its vision of building a healthy nation.
Geopolitical Risks
Geopolitical risks are associated with international expansion into regions like Liberia, which could impact supply chain stability.
Regulatory & Governance
Industry Regulations
Operations are governed by the Companies Act 2013, FEMA (for FDI/ODI/ECB), and SEBI Listing Regulations. The company altered its MOA in February 2025 to expand its main objects (Sub-clauses 8-16).
Environmental Compliance
The company is adopting eco-friendly practices in its supply chain, production, and packaging. Specific ESG compliance costs in INR are not disclosed.
Taxation Policy Impact
Specific tax rate percentages and fiscal policy impacts are not disclosed.
Legal Contingencies
The secretarial audit report for FY 2024-25 indicates compliance with applicable laws. Specific pending court case values in INR are not disclosed.
Risk Analysis
Key Uncertainties
Key business risks include market volatility, currency fluctuations, regulatory shifts, and supply chain disruptions. Potential impact percentages are not disclosed.
Geographic Concentration Risk
The company has a high concentration in the Indian market but is actively diversifying geographically into Liberia.
Third Party Dependencies
Specific dependency percentages on top suppliers are not disclosed.
Technology Obsolescence Risk
Technology risks are not explicitly detailed, but the company is focusing on sustainable innovation to remain competitive.
Credit & Counterparty Risk
Credit exposure and receivables quality metrics are not disclosed.
