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Puretrop Fruits Ltd

PURETROP·BSE
180.00-0.88%Wed, 23 Sept '26 15:28

Puretrop Fruits Ltd

PURETROP
BSE
180.00
-0.88%
|Wed, 23 Sept '26 15:28
SOICxStockScans Reports
6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
124Cr
Close
Close Price
180.00
Industry
Industry
Food - Processing - Others
PE
Price To Earnings
9.36
PS
Price To Sales
1.01
Revenue
Revenue
122Cr
Rev Gr TTM
Revenue Growth TTM
11.09%
PAT Gr TTM
PAT Growth TTM
35.06%

Quarterly Results

Standalone
Numbers
Percentage
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
202438303520272827264128
Growth YoY
Revenue Growth YoY%
-30.4-26.831.97.870.0-16.7-28.0-6.4-22.833.349.30.3
Expenses
ExpensesCr
202839283623312722233823
Operating Profit
Operating ProfitCr
1-4-12-1-3-415425
OPM
OPM%
4.3-17.1-2.45.3-2.3-16.0-12.81.819.813.95.517.5
Other Income
Other IncomeCr
012110020112
Interest Expense
Interest ExpenseCr
000010000000
Depreciation
DepreciationCr
111111111111
PBT
PBTCr
0-4-12-2-5-414325
Tax
TaxCr
0001-1-1-101111
PAT
PATCr
047016-1-2-1154345
Growth YoY
PAT Growth YoY%
96.92,171.6-103.026.5-2,166.7-103.6-600.0-6.7360.3260.4354.4-70.1
NPM
NPM%
-0.3199.0-0.654.9-3.9-8.5-5.454.813.210.39.216.3
EPS
EPS
-0.199.9-0.220.6-1.7-2.1-1.819.24.53.44.76.7
QuarterSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue
RevenueCr
202438303520272827264128
Growth YoY
Revenue Growth YoY%
-30.4-26.831.97.870.0-16.7-28.0-6.4-22.833.349.30.3
Expenses
ExpensesCr
202839283623312722233823
Operating Profit
Operating ProfitCr
1-4-12-1-3-415425
OPM
OPM%
4.3-17.1-2.45.3-2.3-16.0-12.81.819.813.95.517.5
Other Income
Other IncomeCr
012110020112
Interest Expense
Interest ExpenseCr
000010000000
Depreciation
DepreciationCr
111111111111
PBT
PBTCr
0-4-12-2-5-414325
Tax
TaxCr
0001-1-1-101111
PAT
PATCr
047016-1-2-1154345
Growth YoY
PAT Growth YoY%
96.92,171.6-103.026.5-2,166.7-103.6-600.0-6.7360.3260.4354.4-70.1
NPM
NPM%
-0.3199.0-0.654.9-3.9-8.5-5.454.813.210.39.216.3
EPS
EPS
-0.199.9-0.220.6-1.7-2.1-1.819.24.53.44.76.7

Profit & Loss

Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
119141176171165147174107107112122122
Growth
Revenue Growth%
-1.218.224.9-2.4-3.6-11.318.8-38.3-0.84.89.111.1
Expenses
ExpensesCr
10412515815215413116398111118110106
Operating Profit
Operating ProfitCr
1515172011151110-4-61216
OPM
OPM%
12.810.99.811.56.510.56.69.0-3.8-5.39.613.2
Other Income
Other IncomeCr
331524513344
Interest Expense
Interest ExpenseCr
111111111111
Depreciation
DepreciationCr
444555545555
PBT
PBTCr
13141318613105-7-91014
Tax
TaxCr
55541431-2-223
PAT
PATCr
898145975-4-7715
Growth
PAT Growth%
6.110.9-7.065.5-66.4105.3-22.4-38.1-195.9-56.3206.635.1
NPM
NPM%
6.86.34.78.02.86.54.24.2-4.1-6.16.011.9
EPS
EPS
6.67.36.811.34.18.76.98.660.614.931.719.2
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Revenue
RevenueCr
119141176171165147174107107112122122
Growth
Revenue Growth%
-1.218.224.9-2.4-3.6-11.318.8-38.3-0.84.89.111.1
Expenses
ExpensesCr
10412515815215413116398111118110106
Operating Profit
Operating ProfitCr
1515172011151110-4-61216
OPM
OPM%
12.810.99.811.56.510.56.69.0-3.8-5.39.613.2
Other Income
Other IncomeCr
331524513344
Interest Expense
Interest ExpenseCr
111111111111
Depreciation
DepreciationCr
444555545555
PBT
PBTCr
13141318613105-7-91014
Tax
TaxCr
55541431-2-223
PAT
PATCr
898145975-4-7715
Growth
PAT Growth%
6.110.9-7.065.5-66.4105.3-22.4-38.1-195.9-56.3206.635.1
NPM
NPM%
6.86.34.78.02.86.54.24.2-4.1-6.16.011.9
EPS
EPS
6.67.36.811.34.18.76.98.660.614.931.719.2

Balance Sheet

Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
12121212111111101088
Reserves
ReservesCr
3443506561677373132105130
Current Liabilities
Current LiabilitiesCr
5969757881707475161210
Non Current Liabilities
Non Current LiabilitiesCr
6621161061110454
Total Liabilities
Total LiabilitiesCr
111130158172162155169167162130152
Current Assets
Current AssetsCr
708999114999811411911871100
Non Current Assets
Non Current AssetsCr
4141595763575548435852
Total Assets
Total AssetsCr
111130158172162155169167162130152
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
12121212111111101088
Reserves
ReservesCr
3443506561677373132105130
Current Liabilities
Current LiabilitiesCr
5969757881707475161210
Non Current Liabilities
Non Current LiabilitiesCr
6621161061110454
Total Liabilities
Total LiabilitiesCr
111130158172162155169167162130152
Current Assets
Current AssetsCr
708999114999811411911871100
Non Current Assets
Non Current AssetsCr
4141595763575548435852
Total Assets
Total AssetsCr
111130158172162155169167162130152

Cash Flow

Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
469161910811734024
Investing Cash Flow
Investing Cash FlowCr
-2-4-23-110-300-608-21
Financing Cash Flow
Financing Cash FlowCr
-3212-5-21-5-6-13-17-47-3
Net Cash Flow
Net Cash FlowCr
-15-2-1-112-1-400
Free Cash Flow
Free Cash FlowCr
12-131315848732024
CFO To PAT
CFO To PAT%
44.472.0107.7114.8421.8101.0105.0250.3-1,683.5-580.1331.5
CFO To EBITDA
CFO To EBITDA%
23.642.151.880.0180.862.367.6118.2-1,804.2-670.4205.4
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
469161910811734024
Investing Cash Flow
Investing Cash FlowCr
-2-4-23-110-300-608-21
Financing Cash Flow
Financing Cash FlowCr
-3212-5-21-5-6-13-17-47-3
Net Cash Flow
Net Cash FlowCr
-15-2-1-112-1-400
Free Cash Flow
Free Cash FlowCr
12-131315848732024
CFO To PAT
CFO To PAT%
44.472.0107.7114.8421.8101.0105.0250.3-1,683.5-580.1331.5
CFO To EBITDA
CFO To EBITDA%
23.642.151.880.0180.862.367.6118.2-1,804.2-670.4205.4

Ratios

Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
111124174186448710910016391142124
Price To Earnings
Price To Earnings
13.813.820.913.59.59.214.811.82.77.75.69.4
Price To Sales
Price To Sales
0.90.91.01.10.30.60.60.91.50.81.21.0
Price To Book
Price To Book
2.42.22.82.40.61.11.31.21.10.81.00.9
EV To EBITDA
EV To EBITDA
8.69.312.011.06.47.011.112.2-39.4-15.811.77.6
Profitability Ratios
Profitability Ratios
GPM
GPM%
28.230.831.439.029.834.837.230.418.118.132.132.1
OPM
OPM%
12.810.99.811.56.510.56.69.0-3.8-5.39.613.2
NPM
NPM%
6.86.34.78.02.86.54.24.2-4.1-6.16.011.9
ROCE
ROCE%
20.417.614.117.27.213.410.45.8-4.1-6.97.47.4
ROE
ROE%
17.316.213.417.86.412.18.85.5-3.1-6.15.35.3
ROA
ROA%
7.26.95.38.02.96.14.32.7-2.7-5.34.84.8
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Current
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
111124174186448710910016391142124
Price To Earnings
Price To Earnings
13.813.820.913.59.59.214.811.82.77.75.69.4
Price To Sales
Price To Sales
0.90.91.01.10.30.60.60.91.50.81.21.0
Price To Book
Price To Book
2.42.22.82.40.61.11.31.21.10.81.00.9
EV To EBITDA
EV To EBITDA
8.69.312.011.06.47.011.112.2-39.4-15.811.77.6
Profitability Ratios
Profitability Ratios
GPM
GPM%
28.230.831.439.029.834.837.230.418.118.132.132.1
OPM
OPM%
12.810.99.811.56.510.56.69.0-3.8-5.39.613.2
NPM
NPM%
6.86.34.78.02.86.54.24.2-4.1-6.16.011.9
ROCE
ROCE%
20.417.614.117.27.213.410.45.8-4.1-6.97.47.4
ROE
ROE%
17.316.213.417.86.412.18.85.5-3.1-6.15.35.3
ROA
ROA%
7.26.95.38.02.96.14.32.7-2.7-5.34.84.8
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
- **Puretrop Fruits is a family-run Indian fruit processor that spent three decades exporting fresh grapes and pomegranates before making a decisive break - it sold the entire fresh-fruit trading arm and renamed itself to signal a single-minded bet on pulps, concentrates and cold-pressed juices, with the name change effective from 18th October 2024**. The recurring pattern is a small, founder-led company trying to climb the value chain from raw produce to branded, processed products, using its own factory in Maharashtra and a wall of international certifications to reach buyers in Europe, North America and the Middle East. # Business segments Two engines at different stages - a B2B processing backbone that supplies fruit ingredients to global food manufacturers, and a fledgling domestic consumer brand built on the same factory floor. ## 1. Industrial fruit processing: the factory that feeds other factories **Puretrop takes fresh Indian fruit - mangoes, guavas, pomegranates - and turns it into pulps, concentrates and purees that overseas food and drink makers use as raw ingredients, earning its keep on the difference between farm-gate fruit and export-grade processed output.** - **Sells ingredients, not finished goods** - the core products are mango pulp and concentrate (from Alphonso, Totapuri and Kesar varieties), guava pulp and concentrate, pomegranate concentrate and puree, and watermelon pulp and concentrate, all sold to B2B customers who use them in juices, nectars, jams, confectionery and baked goods. Revenue is recognised when control passes to the customer, typically on shipment or delivery. - **One factory does the work** - all processing happens at a single facility in Ozar, Nasik, Maharashtra, close to the fruit-growing belts that supply the raw material. The company runs on about 150 permanent staff, swelling to roughly 1,000 seasonal workers during harvest and processing peaks. - **Certifications are the entry ticket** - export markets demand proof of safety and ethics, so the company maintains a long list: ISO 22000 for food safety, BRC for EU retailers, FDA registration for the US, Halal and Kosher certificates for specific markets, plus SEDEX and Amfori BSCI for social compliance. Without these, the factory cannot sell to the supermarket supply chains it targets. - **Raw material is the wildcard** - Indian fruit is grown mostly for fresh eating, so processing-grade surplus swings with each season, and many farmers lack training in Good Agricultural Practices, leading to pesticide-residue risks. The company tries to manage this through direct sourcing, crop advisory and buyback arrangements, but has acknowledged that it has not yet cracked the problem of assured, consistent supply. ## 2. Second Nature: a domestic cold-pressed juice brand in the making **On the same factory floor, Puretrop runs a small consumer-facing brand of HPP (high-pressure processed) cold-pressed juices and snacks, aimed at Indian city dwellers through hotels, cafes and retail - a bet that the future margin lies in owning the label, not just filling the tanker.** - **Sold under its own name** - the brand is called "Second Nature" and the products use HPP, a method that kills microbes with pressure instead of heat, preserving a fresher taste. The range includes cold-pressed fruit and vegetable juices and nut milks. - **Built for the HORECA channel** - the primary route to market is the HORECA (Hotel, Restaurant, Cafe) segment in Mumbai, Pune and Delhi, where premium positioning matters more than mass distribution. - **Cold chain is the bottleneck** - HPP juices need uninterrupted refrigeration from factory to fridge, and the business was knocked back hard during COVID-19 lockdowns when cold logistics froze entirely in its target cities; the company put further investment on hold and would reevaluate once the uncertainties due to Covid 19 reduce. - **A pivot from commodity to consumer** - the broader ambition is to move beyond exporting raw fruit and bulk pulp into value-added, health-oriented products - ready-to-use fruit items, fortified drinks, and snacks - that can reach both B2B and B2C buyers under the Second Nature umbrella. # Group structure and partners **A tightly held family company with no subsidiaries or joint ventures - the founder, his wife and their daughter run the show, and the only major external transaction was the sale of the fresh-fruit division to an agri-platform called DeHaat.** - The Board has six directors: founder Ashok Motiani (Chairman and Managing Director), his wife Nanita Motiani (Executive Whole-Time Director), one non-executive director and three independent directors. In early 2026, their daughter Dipti Motiani - a computer engineer who has been with the company since 2009 - was appointed CEO. - Promoters and the promoter group hold 62.39% of the company, with the largest blocks held through Freshcap Foodstuff LLP and in the personal names of Ashok, Nanita and Dipti Motiani. - The fresh-fruit export business was sold in November 2023 to Green Agrevolution Private Limited (trading as DeHaat) for Rs 77 crore in cash plus a deferred earn-out tied to future grape and pomegranate aril exports. The sale included assets, liabilities, contracts, employees and the "Freshtrop" trade name, and came with a five-year non-compete clause covering the company and five named family members. - The company has no remaining interest in fresh-fruit trading and no subsidiaries, joint ventures or associates anywhere.

Documents — Puretrop Fruits Ltd

  • Q1 FY2027 Quarterly Result (Jun 2026, PDF): https://www.stockscans.in/document/09emmkshalqx67w3a7n7ja6e.pdf
  • Q4 FY2026 Quarterly Result (Mar 2026, PDF): https://www.stockscans.in/document/kunn9fwqjw0585wieha48b48.pdf
  • Q3 FY2026 Quarterly Result (Dec 2025, PDF): https://www.stockscans.in/document/zgvi01yrxleqyzitmmdb1548.pdf
  • Q2 FY2026 Quarterly Result (Sep 2025, PDF): https://www.stockscans.in/document/sg0yx9o18k16ghz7wj987tun.pdf
  • Q1 FY2026 Quarterly Result (Jun 2025, PDF): https://www.stockscans.in/document/34txxf8lshjpx2jdim3viuqd.pdf
  • Q4 FY2025 Quarterly Result (Mar 2025, PDF): https://www.stockscans.in/document/4redohfqnixz58g20qmbvxfw.pdf
  • Q3 FY2025 Quarterly Result (Dec 2024, PDF): https://www.stockscans.in/document/w87tppu75u1v72bbaighebzb.pdf
  • Q2 FY2025 Quarterly Result (Sep 2024, PDF): https://www.stockscans.in/document/61i127ejt4mfn08gt67fvvq9.pdf
  • FY2026 Annual Report (PDF): https://www.stockscans.in/document/4svplgyexnlt3ppchqxela1e.pdf
  • FY2025 Annual Report (PDF): https://www.stockscans.in/document/6ztznaelovm1qxvos9b6uv13.pdf
  • FY2024 Annual Report (PDF): https://www.stockscans.in/document/3pvvgj6jq9zn1uo6f8d1h0lh.pdf
  • FY2023 Annual Report (PDF): https://www.stockscans.in/document/ulecttxbs04ru25lrkkrb10p.pdf
  • FY2022 Annual Report (PDF): https://www.stockscans.in/document/wirx3c9ovaz1e89dzaea0avw.pdf
  • FY2021 Annual Report (PDF): https://www.stockscans.in/document/36uutka8mc41rod2q7kqq1fn.pdf
  • FY2020 Annual Report (PDF): https://www.stockscans.in/document/5elmrbunymt1ebwslp9vghyo.pdf