Shreeji Global FMCG Limited (SHETHJI)
Latest quarterly results (H1 FY26)
| H1 FY26 (₹ Cr) | Value | YoY | vs prev. half |
|---|---|---|---|
| Net profit | ₹11.4 | — | — |
SHETHJI delivery percentage
NSE end-of-day data for
On Fri, 23 Oct 2026, 51.24% of the SHETHJI shares traded on NSE were taken to delivery, against the stock's own 20-session average of 82.98%. That is lower than usual for this stock. It traded 4.2 times its average daily volume.
Delivery in the last 5 sessions: 78.6% · 63.2% · 76.9% · 81.2% · 51.2%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Shreeji Global FMCG has diversified beyond food and agro products into the household and commercial cleaning segment. The company launched products including floor cleaners, dishwashing products, and fabric washers under the brand name 'Klariss'. The project involves a total estimated investment of approximately ₹2 crore, funded entirely through internal accruals. Of this, ₹50 lakh is designated for machinery and ₹1.50 crore for working capital requirements.
- Total estimated project investment of approximately ₹2 crores funded via internal accruals
- Allocated ₹50.00 lakh towards machinery and ₹1.50 crores towards operating and working capital
- Introduced new product line under the brand name 'Klariss' covering floor, toilet, tile cleaners, and fabric washers
- Targeting both retail consumer and commercial/institutional domestic markets
Shreeji Global FMCG Limited submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 03, 2026. It confirms that share certificates received for dematerialisation were processed, confirmed or rejected, and duly cancelled within prescribed timelines. This is a standard quarterly administrative filing with no financial impact.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- Certificate issued by RTA MUFG Intime India Private Limited dated October 03, 2026
- Intimation sent to the National Stock Exchange of India Ltd on October 10, 2026
- Confirmation that received certificates were mutilated, cancelled, and member registers updated
CARE Ratings has reaffirmed Shreeji Global FMCG Limited's credit ratings following an operational review of FY26. The company's long-term bank facilities of ₹5.00 crore were reaffirmed at 'CARE BBB; Stable'. Long-term/short-term facilities were reaffirmed at 'CARE BBB; Stable / CARE A3+' with an enhanced quantum of ₹45.00 crore (up from ₹20.00 crore), bringing total rated facilities to ₹50.00 crore.
- Total rated bank facilities increased to ₹50.00 crore across long-term and short-term lines
- Long-term/short-term facilities enhanced from ₹20.00 crore to ₹45.00 crore with CARE BBB; Stable / CARE A3+ reaffirmed
- Long-term facilities of ₹5.00 crore reaffirmed at CARE BBB; Stable
- Includes ₹3.93 crore ECLGS 5.0 term loan from SBI with repayment tenor of 60 months ending May 2030
Shreeji Global FMCG Limited has disclosed the Scrutinizer's Report and voting results for its 9th Annual General Meeting held on September 30, 2026. A total of 140 members cast 20,242,720 valid e-votes (100% in favor) approving the adoption of FY26 financial statements. Shareholders also approved the reappointment of Whole Time Director Vivek Kakkad, declaration of final dividend for FY26, and omnibus related party transactions.
- 9th AGM concluded via VC/OAVM on September 30, 2026
- Resolution 1 (FY26 financial statements) passed with 20,242,720 votes in favor (100%)
- Total of 753 shareholders on record as of the cut-off date September 23, 2026
- Omnibus approval granted for related party transactions for up to 15 months
Shreeji Global FMCG has approved a partial vendor change for equipment procurement originally detailed under Object No. 2 of its November 8, 2025 IPO Prospectus. Out of the ₹3,88,12,088 originally allocated for specific machinery, the company will now procure ₹1,47,54,720 worth of equipment from Best Smart Solution and ₹1,00,77,200 from existing vendor Buhler India Private Limited. The remaining ₹1,39,80,168 will continue to be deployed for plant and machinery capex under the same object. Management confirmed that the project timeline and overall issue proceeds utilization remain materially unaffected.
- Original machinery procurement budget under Object No. 2: ₹3,88,12,088
- Procurement reallocated to ₹1,47,54,720 with Best Smart Solution and ₹1,00,77,200 with Buhler India
- Remaining ₹1,39,80,168 retains original capex designation under Object No. 2
- Change covers 2 AI Optical Color Sorter machines and two 60 HP compressors
Shreeji Global FMCG Limited has dispatched letters containing web links to its FY 2025-26 Annual Report and AGM Notice to shareholders whose email IDs are not registered as of August 28, 2026. The 9th Annual General Meeting is scheduled for Wednesday, September 30, 2026, at 12:15 PM IST via Video Conferencing/OAVM. This disclosure is a procedural compliance filing under Regulation 36(1)(b) of SEBI LODR Regulations.
- 9th Annual General Meeting scheduled for September 30, 2026 at 12:15 PM IST
- Meeting to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- Communication dispatched to shareholders with unregistered email IDs as of August 28, 2026
- Disclosure submitted pursuant to Regulation 36(1)(b) of SEBI LODR Regulations, 2015
Shreeji Global FMCG Limited has issued the notice for its 9th Annual General Meeting (AGM) scheduled for September 30, 2026, via video conferencing. Shareholders will vote on adopting the FY26 audited financial statements and confirming a final dividend of ₹0.25 per equity share of face value ₹10. The record date for dividend eligibility has been fixed as September 25, 2026. Additionally, the AGM agenda includes the reappointment of Whole-Time Director Mr. Vivek Kakkad and an omnibus approval for related-party transactions.
- 9th Annual General Meeting scheduled for September 30, 2026, at 12:15 P.M. IST
- Final dividend proposed at ₹0.25 per equity share of face value ₹10 for FY26
- Record date for dividend entitlement fixed as September 25, 2026
- Re-appointment of Whole Time Director Mr. Vivek Kakkad, who holds 58,65,160 shares
- Omnibus approval sought for related-party transactions valid for up to 15 months
Shreeji Global FMCG Limited has received initial credit ratings from CARE Ratings Ltd for its Rs 25.00 crore bank facilities. The agency assigned 'CARE BBB; Stable' for Rs 5.00 crore of long-term bank facilities and 'CARE BBB; Stable / CARE A3+' for Rs 20.00 crore of long-term/short-term bank facilities. The facilities with State Bank of India include a Rs 3.93 crore ECLGS 5.0 term loan and Rs 20.00 crore cash credit limits.
- CARE Ratings assigned 'CARE BBB; Stable' to Rs 5.00 crore long-term facilities.
- CARE Ratings assigned 'CARE BBB; Stable / CARE A3+' to Rs 20.00 crore long-term/short-term facilities.
- Total bank facilities rated aggregate to Rs 25.00 crore, primarily with State Bank of India.
- The rated debt includes a Rs 3.93 crore ECLGS 5.0 term loan maturing in May 2030 and Rs 20.00 crore cash credit lines (including Rs 4.00 crore export packing credit sub-limit).
CARE Ratings has assigned 'CARE BBB; Stable' for long-term facilities (₹5.00 crore) and 'CARE BBB; Stable / CARE A3+' for long-term/short-term bank facilities (₹20.00 crore) of Shreeji Global FMCG Limited. The rating rationale highlights SGFL's growing scale of operations with a 31% CAGR reaching ₹769.16 crore in FY26, alongside a PAT of ₹19.92 crore. The company's financial profile improved post-IPO with overall gearing dropping to 0.34x in FY26 compared to 1.03x in FY25, supported by healthy interest coverage of 8.78x.
- CARE Ratings assigned 'CARE BBB; Stable / CARE A3+' ratings for bank facilities totaling ₹25.00 crore.
- Total operating income grew at a 31% CAGR to ₹769.16 crore in FY26 from ₹258.11 crore in FY22.
- Overall gearing improved significantly to 0.34x in FY26 from 1.03x in FY25 following its ₹85 crore IPO fundraise.
- PBILDT margin stood at 4.11% with operating profit reaching ₹31.58 crore and PAT of ₹19.92 crore in FY26.
- New capex for blended spices and millet flour is expected to become operational by December 2026.
Shreeji Global FMCG Limited has fixed Friday, September 25, 2026, as the Record Date to determine shareholder entitlement for the Final Dividend for FY26. The dividend remains subject to shareholder approval at the 9th Annual General Meeting (AGM) scheduled for September 30, 2026. Additionally, the Board recommended the re-appointment of Whole Time Director Vivek Kakkad, who retires by rotation. Specific dividend quantum per share was not disclosed in the filing.
- Record date fixed for September 25, 2026 to determine final dividend entitlement
- 9th Annual General Meeting scheduled for September 30, 2026 at 12:15 P.M. via VC/OAVM
- Re-appointment of Whole Time Director Vivek Kakkad recommended subject to AGM approval
- Dividend payout remains subject to approval by shareholders at the upcoming AGM
Shreeji Global FMCG Limited held its Board Meeting on September 01, 2026, approving the Board's Report for FY26 and scheduling its 9th Annual General Meeting (AGM) for September 30, 2026. The company set Friday, September 25, 2026, as the record date for determining shareholder entitlement to the Final Dividend for FY26, subject to AGM approval. Additionally, the Board approved the re-appointment of Whole-Time Director Vivek Kakkad, who is retiring by rotation.
- 9th Annual General Meeting scheduled for September 30, 2026, at 12:15 PM via VC/OAVM
- Record date for FY26 final dividend entitlement fixed as September 25, 2026
- Approved re-appointment of Promoter & Whole Time Director Vivek Kakkad (retiring by rotation)
- Board's Report for the financial year ended March 31, 2026 approved
Shreeji Global FMCG Limited has informed the exchange that Ms. Jalpa Doshi has resigned from the position of Company Secretary and Compliance Officer (Key Managerial Personnel), effective close of business on August 15, 2026. The resignation is attributed to professional reasons, with confirmation that there are no other material reasons. The company will need to appoint a successor to manage corporate governance and regulatory compliance.
- Resignation of CS & Compliance Officer Ms. Jalpa Doshi (Membership No. A54465) effective August 15, 2026
- Relieved from official duties from the close of business hours on August 15, 2026
- Confirmed that there are no material reasons for resignation other than professional reasons
Financial Performance
Revenue Growth by Segment
Total operating income grew 10.19% to INR 650.74 Cr in FY25 (Provisional) from INR 590.59 Cr in FY24. Previously, revenue grew 25.49% from INR 470.63 Cr in FY23 to INR 590.59 Cr in FY24, driven by expansion into ground spices and flours.
Geographic Revenue Split
Exports accounted for 8.89% of total sales in FY25 (Provisional), with primary markets being UAE and Malaysia. The company has a presence in more than 20 countries.
Profitability Margins
Gross and operating margins improved due to a shift toward manufacturing. PAT margin improved to 1.69% in FY25 (Provisional) from 0.88% in FY24, supported by higher EBITDA and lower finance costs following term loan repayments.
EBITDA Margin
EBITDA margin rose to 2.86% in FY25 (Provisional), a 101 bps increase from 1.85% in FY24. This improvement was primarily driven by cost optimization and a decline in raw material costs.
Capital Expenditure
Historical CAPEX was directed toward establishing two manufacturing facilities in Kherva and Kuvadava (Rajkot) to transition from grading/sorting to manufacturing ground spices and flours. Planned CAPEX is not disclosed in absolute INR Cr.
Credit Rating & Borrowing
The company holds an 'IVR BBB-/Stable/IVR A3' rating assigned by Infomerics. Borrowing costs are reflected in finance costs which decreased in FY25 due to term loan repayments.
Operational Drivers
Raw Materials
Spices, oilseeds, grains, pulses, and wheat (for Atta). Raw material costs are a significant portion of the cost structure, though specific % per item is not disclosed.
Import Sources
Imports accounted for 3.03% of total raw material purchases in FY25, sourced from UAE, Singapore, Sri Lanka, and Vietnam.
Key Suppliers
Sourced directly from farmers and aggregators through APMCs in Gondal and Rajkot, Gujarat.
Capacity Expansion
The company operates two manufacturing facilities in Kherva and Kuvadava. Recent expansion focused on ground spices and flour manufacturing to improve margins over traditional grading/sorting.
Raw Material Costs
Profitability is highly susceptible to raw material price fluctuations. EBITDA improvement in FY25 was specifically attributed to a decline in raw material costs.
Manufacturing Efficiency
Operating cycle stood at 26 days in FY25 (Provisional), reflecting operational efficiency despite an increase from 15 days in FY24.
Logistics & Distribution
Proximity to Mundra Port (approx. 250 km) enables fast and cost-effective international distribution.
Strategic Growth
Growth Strategy
The company is transitioning from low-margin grading and sorting of whole seeds to higher-margin manufacturing of ground spices and flours. It leverages its brand 'SHETHJI' and white-label arrangements to diversify revenue streams.
Products & Services
Ground spices, whole spices, seeds, grains, pulses, and wheat flour (Atta).
Brand Portfolio
SHETHJI.
New Products/Services
Recent expansion into ground spices and flours contributed to a 10.19% revenue increase in FY25.
Market Expansion
Targeting international growth with current presence in 25 countries; majority of exports currently go to UAE and Malaysia.
Strategic Alliances
Utilizes white-label arrangements alongside its own 'SHETHJI' brand to maximize facility utilization.
External Factors
Industry Trends
The food processing industry is growing but remains fragmented. There is a trend toward value-added products like ground spices and branded flours which offer better margins than raw commodities.
Competitive Landscape
Highly competitive and fragmented, consisting of small, medium, and established players in the agro-processing sector.
Competitive Moat
Moat is based on geographic advantage; units are located within 30 km of major Gujarat APMCs and 250 km from Mundra Port, providing a sustainable cost advantage in sourcing and logistics.
Macro Economic Sensitivity
Highly sensitive to government agro-policies (MSPs, trade restrictions) and global commodity demand-supply dynamics.
Consumer Behavior
Consistent demand for agro-based products and branded FMCG items supports a steady revenue stream.
Geopolitical Risks
Exposure to international trade barriers and logistics disruptions across 25 export countries.
Regulatory & Governance
Industry Regulations
Subject to APMC licensing, SEBI (for listed entities), and government policies regarding Minimum Support Prices (MSPs) and export incentives.
Risk Analysis
Key Uncertainties
Raw material price volatility and high working capital utilization (97.74% average) which leaves little cushion for liquidity shocks.
Geographic Concentration Risk
Sourcing is heavily concentrated in Gujarat (Gondal and Rajkot hubs).
Third Party Dependencies
Dependent on farmers and aggregators for raw material supply via APMCs.
Technology Obsolescence Risk
Low risk; the primary focus is on processing and manufacturing efficiency in traditional food categories.
Credit & Counterparty Risk
Diverse customer base across 20+ countries and domestic segments reduces individual counterparty risk.
