Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹313Cr
Rev Gr TTM
Revenue Growth TTM
-48.08%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

HALDER
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 13.8 | 35.5 | 112.2 | 176.3 | 59.0 | 21.9 | 44.6 | 166.4 | -41.8 | -37.9 | -44.0 | -59.2 |
| 154 | 131 | 114 | 130 | 236 | 156 | 163 | 336 | 147 | 97 | 108 | 134 |
Operating Profit Operating ProfitCr |
| 3.1 | 4.2 | 5.7 | 3.1 | 6.7 | 6.1 | 7.0 | 5.7 | 0.2 | 6.1 | -10.2 | 7.8 |
Other Income Other IncomeCr | 0 | 1 | 0 | 1 | 5 | 2 | 0 | 14 | 11 | 9 | 10 | 17 |
Interest Expense Interest ExpenseCr | 3 | 4 | 3 | 5 | 6 | 5 | 6 | 6 | 9 | 8 | 6 | 6 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| 0 | 2 | 3 | -2 | 15 | 6 | 5 | 27 | 1 | 6 | -7 | 21 |
| 0 | 1 | 1 | 0 | 4 | 2 | 1 | 6 | 9 | 3 | 4 | 0 |
|
Growth YoY PAT Growth YoY% | -90.1 | -72.3 | 629.0 | -201.0 | 5,677.8 | 351.0 | 90.5 | 1,196.9 | -180.9 | -35.3 | -383.8 | -2.4 |
| 0.1 | 0.7 | 1.7 | -1.4 | 4.1 | 2.7 | 2.2 | 6.0 | -5.7 | 2.8 | -11.1 | 14.3 |
| 0.2 | 1.0 | 2.1 | -2.0 | 11.0 | 4.7 | 4.0 | 7.5 | -8.8 | 2.5 | -8.9 | 16.7 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| -22.7 | 134.8 | 4,543.0 | 16.6 | 10.5 | 11.8 | 114.8 | 43.7 | -59.0 | 76.4 | 31.2 | -41.6 |
| 2 | 4 | 191 | 223 | 247 | 276 | 590 | 861 | 350 | 610 | 801 | 485 |
Operating Profit Operating ProfitCr |
| -0.2 | -2.0 | 4.8 | 4.7 | 4.4 | 4.2 | 4.8 | 3.3 | 4.2 | 5.3 | 5.1 | 1.6 |
Other Income Other IncomeCr | 0 | 0 | 2 | 2 | 3 | 3 | 5 | 13 | 5 | 7 | 28 | 48 |
Interest Expense Interest ExpenseCr | 0 | 0 | 5 | 5 | 6 | 6 | 6 | 8 | 8 | 19 | 26 | 29 |
Depreciation DepreciationCr | 0 | 0 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 5 | 5 |
| 0 | 0 | 4 | 4 | 5 | 6 | 26 | 32 | 8 | 17 | 39 | 21 |
| 0 | 0 | 1 | 1 | 1 | 2 | 7 | 9 | 2 | 6 | 18 | 17 |
|
| 151.7 | 231.5 | 21,638.3 | 2.3 | 19.3 | 38.3 | 298.1 | 22.4 | -73.7 | 96.8 | 80.9 | -79.3 |
| 0.2 | 0.3 | 1.4 | 1.2 | 1.3 | 1.6 | 3.0 | 2.5 | 1.6 | 1.8 | 2.5 | 0.9 |
| 0.0 | 0.0 | 8.6 | 3.0 | 3.5 | 4.9 | 19.4 | 23.8 | 6.3 | 12.3 | 7.0 | 1.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 12 |
| 38 | 38 | 43 | 44 | 45 | 47 | 42 | 47 | 49 | 131 | 149 | 136 |
Current Liabilities Current LiabilitiesCr | 0 | 0 | 56 | 88 | 80 | 88 | 185 | 128 | 213 | 294 | 395 | 400 |
Non Current Liabilities Non Current LiabilitiesCr | 0 | 0 | 8 | 8 | 6 | 4 | 16 | 22 | 17 | 13 | 43 | 44 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 3 | 3 | 71 | 106 | 100 | 139 | 256 | 221 | 298 | 371 | 463 | 465 |
Non Current Assets Non Current AssetsCr | 39 | 39 | 58 | 59 | 58 | 31 | 40 | 48 | 55 | 73 | 129 | 129 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -3 | 0 | -1 | -1 | 11 | -36 | -98 | 115 | -71 | -2 | 25 |
Investing Cash Flow Investing Cash FlowCr | 0 | 0 | 4 | 11 | -7 | 25 | -2 | -20 | -11 | -19 | -63 |
Financing Cash Flow Financing Cash FlowCr | 3 | 0 | -2 | -5 | -6 | 10 | 102 | -92 | 77 | 26 | 34 |
|
Free Cash Flow Free Cash FlowCr | -3 | 0 | -17 | -6 | 7 | -37 | -98 | 110 | -81 | -12 | -43 |
| -72,097.0 | -3,232.6 | -49.2 | -53.1 | 321.5 | -783.7 | -529.8 | 508.5 | -1,192.7 | -15.9 | 118.2 |
CFO To EBITDA CFO To EBITDA% | 93,955.9 | 460.8 | -13.9 | -13.6 | 95.3 | -298.5 | -326.4 | 390.8 | -466.3 | -5.5 | 58.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 0 | 2 | 10 | 13 | 37 | 101 | 80 | 86 | 267 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 0.0 | 0.8 | 3.1 | 2.9 | 2.0 | 4.5 | 13.5 | 7.4 | 11.8 |
Price To Sales Price To Sales | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.3 |
Price To Book Price To Book | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.3 | 0.8 | 2.0 | 1.5 | 0.6 | 1.6 |
| 55.8 | -2.7 | 5.8 | 6.3 | 6.7 | 7.9 | 7.5 | 6.8 | 17.9 | 9.3 | 12.9 |
Profitability Ratios Profitability Ratios |
| 12.4 | 18.8 | 21.1 | 21.8 | 20.4 | 17.5 | 20.2 | 23.1 | 26.8 | 20.7 | 27.2 |
| -0.2 | -2.0 | 4.8 | 4.7 | 4.4 | 4.2 | 4.8 | 3.3 | 4.2 | 5.3 | 5.1 |
| 0.2 | 0.3 | 1.4 | 1.2 | 1.3 | 1.6 | 3.0 | 2.5 | 1.6 | 1.8 | 2.5 |
| 0.0 | 0.1 | 9.0 | 8.0 | 9.3 | 9.4 | 13.7 | 25.2 | 6.7 | 9.7 | 14.6 |
| 0.0 | 0.0 | 6.0 | 6.0 | 6.9 | 9.3 | 41.2 | 44.9 | 11.3 | 8.6 | 13.8 |
| 0.0 | 0.0 | 2.1 | 1.7 | 2.1 | 2.7 | 6.2 | 8.4 | 1.7 | 2.6 | 3.6 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Halder Venture Limited is a leading Indian agri-products company with a 100-year legacy dating back to 1924, when it began as B. C. Halder Rice and Oil Mill in Rampurhat. Over the decades, it has evolved from a traditional rice miller into a diversified, vertically integrated agro-processing and export enterprise. Headquartered in India, the company operates with a strong domestic footprint and a growing international presence, specializing in high-quality rice, edible oils, and value-added agricultural products.
Listed on the Bombay Stock Exchange (BSE) since 2016, Halder Venture Limited leverages its heritage, innovation, and strategic infrastructure investments to serve both domestic and global markets.
---
### **Core Business Activities**
- **Parboiled & White Rice Production and Export**
- **Edible Oil Processing and Branding (Soyabean, Sunflower, Rice Bran, Mustard, Palmolein)**
- **By-product Utilization (De-Oiled Rice Bran, Acid Oil, Lecithin)**
- **Consumer Pack Manufacturing and Packaging Innovation**
- **International Trade with Focus on Africa, Russia, Southeast Asia, and Europe**
---
### **Subsidiaries and Group Structure**
Halder Venture Ltd. maintains a robust network of subsidiaries that support its vertical integration strategy:
#### Primary Subsidiaries:
- **Shri Jatadhari Rice Mill Private Limited** – Acquired in 1995, this facility significantly boosted production capacity.
- **P. K. Agri Link Private Limited** – Established in 2008 for oil refining; expanded in 2011 with a solvent extraction plant (350 TPD).
- **P. K. Cereals Private Limited** – Involved in rice processing and branding.
- **Prakruti Commosale Private Limited**
- **Intellect Buildcon Private Limited**
- **JDM Commercial Private Limited**
- **Reliable Advertising Private Limited**
#### International Arm:
- **Hal Exim Pte. Limited** – Flagship export entity based in Singapore, overseeing step-down subsidiaries and operations in:
- Cameroon
- Ghana
- Benin
- Ivory Coast (Abidjan)
- Togo
These offices enable direct market access and localized consumer engagement in key West African markets.
#### Specialized Entities:
- **Halder Greenfuel Industries Limited** – Engaged in by-product valorization and green energy initiatives.
- **Odaana and Omaana Brands** – Consumer-focused edible oil brands targeting health-conscious segments.
---
### **Geographic Presence**
- **Domestic Operational Offices:** Kolkata, New Delhi, Mumbai, Chennai, Bengaluru, Ahmedabad, and Suri (Birbhum, West Bengal)
- **International Offices:** Ghana, Bangladesh, Benin, Cameroon, Togo, Singapore, Russia (via trade partnerships)
- **Export Markets:** Russia, West Africa (especially Benin, Ivory Coast), Nepal, China, Vietnam, and Southeast Asia
- **Import Sourcing Regions:** Ukraine, Argentina, Brazil, Indonesia, Malaysia (for edible oils and raw materials)
---
### **Product Portfolio**
#### **Rice Products:**
- Parboiled Rice (including puffed parboiled rice – 80 TPD plant)
- Premium Varieties: Bhoj, Moti, Hira, Banskathi, 4094, Minikit, Sourav, Gourav, Dudheswar, Jeerakathi, Katarni, Tulai Panji
- **Millette Brand:** Launched in Russia (2023), showcased at World Food Moscow; targets premium white and parboiled rice segment.
#### **Edible Oils:**
- **Branded Portfolio:**
- **Odaana:** Soybean & Sunflower Oil (launched August 2024), Mustard Oil (2018, Kachchighani-based, traditional Bengali taste)
- **Omaana:** Premium edible oil brand launched in 2023, focusing on health and purity
- **Refined Oils Produced:** Soyabean, Sunflower, Palmolein, Rice Bran, Mustard
- **Packaging Sizes:** 200 ml to 15 kg (bottles, pouches, tins, jars); tailored for both retail and bulk consumers
#### **By-products & Co-products:**
- De-Oiled Rice Bran (DORB) – 47,908 MT produced; used in animal feed (12% fiber variant for Bangladeshi buyers)
- Rice Husk, Rice Husk Ash
- Acid Oil – 50 TPD plant converts soapstock into saleable product
- Lecithin – Co-product of oil refining
---
### **Manufacturing & Processing Infrastructure**
#### **Rice Processing:**
- **Total Parboiled Rice Capacity:** 320 TPD across three facilities
- **Puffed Parboiled Rice Plant:** 80 TPD (catering to domestic markets in West Bengal, Bihar, UP, Delhi)
- **Ahmadpur, Birbhum Expansion:** 200 MT/day added capacity (total now 600 MT/day), using advanced German and Japanese technology
- **Hydrothermal Processing:** Enhances resistant starch (Type 3), improves gut health; rice is harder, less sticky, faster-cooking
#### **Oil Processing:**
- **Solvent Extraction Plant:** 350 TPD (P.K. Agri Link)
- **Chemical Refinery:** 100 TPD for soyabean, sunflower, and rice bran oils
- **New Haldia Refinery Acquisition (West Bengal):**
- Adjacent to Haldia Port – enables direct unloading, reduces logistics costs
- Increases total oil capacity to 600 MT/day
- Enables processing of palmolein in addition to soyabean and sunflower oils
- Supports distribution in Orissa, Chhattisgarh, South Bengal, Jharkhand, Bihar
---
### **Innovation & Sustainability Initiatives**
- **In-House Packaging Manufacturing:**
- Tin-filling and bottle-blowing lines installed
- In-house tin container plant reduces packaging cost by 20%
- Plastic bottle production from pre-forms cuts bottle cost by over 25%
- **Automated Packing Systems:**
- 1 kg & 2 kg packs for consumer convenience
- 25 kg & 50 kg bulk packs with conveyor loading – reduces manual labor by 50%
- **Packaging Quality Control:** In-house testing lab for PP, BOPP, and jute bags to ensure durability during multi-leg transport
- **R&D Focus:** Product quality improvement, new rice varieties, anti-counterfeiting packaging, EU/Africa-compliant standards
- **Sustainability:** By-product utilization (soapstock → acid oil), energy-efficient processing, reduced waste
---
### **Market Expansion & Strategic Moves**
#### **Global Reach:**
- Established local offices in Benin, Togo, Ghana, Cameroon (FY 23–24) to strengthen market penetration
- Millette brand launched in Russia (Oct 2023); expansion into major retail chains underway
- Exports to West Africa, Russia (7,970 MT), Abidjan (5,885 MT), Nepal, China, Vietnam
- Plans to enter additional Asian and African markets in FY 24–25
#### **Domestic Strategy:**
- Transitioning from bulk sales (26 kg, 10 kg Bhojmoti brand) to consumer pack market in West Bengal
- Developing a **new premium brand** for consumer-packaged parboiled rice
- Expanding into modern trade channels
#### **Branding & Events:**
- **Humsathi Event:** Annual gathering for oil distributors and retailers to strengthen relationships
- Participation in **World Food Moscow** – successful showcase of Millette brand
---
### **Production & Trade Performance**
- **Parboiled Rice Produced (Period):** 39,102 MT
- **Puffed Parboiled Rice:** 9,250 MT
- **Refined Sunflower Oil:** 1,945 MT
- **Refined Palmolein Oil:** 3,302 MT
- **DORB Output:** 47,908 MT
- **Imported Oil Sales (FY23–24):** ~20,000 MT – aiming to double in FY24–25