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Kohinoor Foods Ltd

KOHINOOR

NSE

₹27.59-3.40%19 Oct 2026

Reports

Food Processing Rice

Kohinoor Foods Ltd

KOHINOOR

NSE

₹27.59

-3.40%

19 Oct 2026

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Food Processing Rice

Indices

Business Overview: What the company does, in plain English.Growth Catalysts: The forward growth drivers and triggers.

Kohinoor Foods began as a family rice-trading business and turned a single grain - basmati - into a global brand that now sits on the shelves of TESCO, Costco, Whole Foods and chains across more than 65 countries. Over three decades, the founding Arora brothers built the 'Kohinoor' name into what the company calls India's best-recalled basmati brand, then used that brand as a platform to move into packaged Indian foods - curries, breads, snacks, spices - sold through the same export channels. The recurring approach is simple: take an authentic Indian kitchen staple, wrap it in a trusted brand the diaspora already knows, and sell it wherever Indian food is eaten.

Business segments

Two engines, one brand - a legacy rice business that built the 'Kohinoor' name across 60-plus countries, and a processed-food engine that now carries nearly all the company's turnover using that same brand and the same export relationships.

1. Branded basmati rice: the engine that built the brand

The rice business is the company's original identity - premium aged basmati sold under the 'Kohinoor' flag - but it has shrunk to a sliver of turnover after the main manufacturing plant was sold to settle debt.

A brand, not a commodity - basmati rice is widely sold loose and unbranded in India, so the company invested heavily in building 'Kohinoor' as a differentiated, trusted name, winning the Super Brand Award three times and the Readers Digest Most Trusted Brand award four times in a row.
Aging creates the moat - and the working-capital burden - basmati must be aged for 9 to 12 months before it is ready to sell, which locks up cash and makes the business working-capital intensive, a pressure the company has acknowledged as a structural challenge.
The plant is gone; the brand remains - the rice manufacturing unit at Murthal, Sonepat was sold for INR 190 Crores in March 2025 as part of a one-time settlement with banks, and the company is now planning to operate a leased rice unit from Kandla, Gujarat, though operations have not yet begun.

2. Processed and packaged foods: the brand's second life

What started as a sideline has become the real business - a factory at Bahalgarh making ready-to-eat curries, frozen breads, cooking pastes, spices and more, all under the same 'Kohinoor' label, now contributing over 99% of turnover.

A full Indian pantry under one brand - the portfolio spans Ready to Eat Curries & Meals, Readymade Gravies, Cooking Pastes, Chutneys, Spices, Frozen Breads, Snacks, Paneer, healthy grains, edible oils, Pure Ghee, Ready Mixes, Namkeens, Sweets and Wheat Flour, turning the brand into a one-stop shop for Indian food abroad.
R&D inside the factory gates - the new food factory at Sonepat houses a state-of-the-art R&D facility that has developed new frozen-food variants in both Ready to Eat and Ready to Cook formats, and has also worked on organic products, with R&D spending up 67% year-on-year in FY25.
Same export relationships, different products - Australia, the USA and Canada are the major markets, and the company has started direct exports to multiple countries, leveraging the same international retail relationships the rice business built over decades.
Competing with retailers' own labels - the company faces a market where private-label frozen products are claiming more shelf space from retailers, so it is pushing further into branded differentiation to hold its position.

Group structure and partners

A lean structure of two wholly owned subsidiaries and one minority stake, all largely dormant or closed, sits beneath a parent company that has been working through a bank-led debt settlement for several years.

Kohinoor Foods USA Inc. - a wholly owned subsidiary incorporated in New Jersey in 2000 to serve the US and Canada markets, but it conducted no business in FY25 because there were no export sales from the Indian parent to those regions, and its office is currently closed.
Sachdeva Brothers Private Limited - a wholly owned subsidiary based in New Delhi, with no material activity disclosed in recent filings.
Rich Rice Raisers LLC - a 25% stake in a Dubai-based associate that has closed its operations; the parent cannot exercise control over it, so its results are not consolidated.
One-time settlement with banks - the company's accounts were declared a non-performing asset in June 2018, and it has been working through a settlement with a consortium of banks led by Punjab National Bank, with a revised settlement amount of INR 227.45 Crores, of which INR 205 Crores had been deposited as of September 2025.
Asset sales to pay down debt - the Murthal rice plant was sold for INR 190 Crores and the registered office in Faridabad was also approved for sale on a slump-sale basis, both as part of the settlement.

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Quick Ratios

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flow

Ratios

Peer Comparison

Price

Charts

Documents

Edit Ratios

Mkt Cap

Market Capitalization

₹102Cr

Close Price

₹27.59

Industry

Food Processing Rice

Price To Earnings

1.21

Price To Sales

0.64

Revenue

₹161Cr

Rev Gr TTM

Revenue Growth TTM

104.16%

PAT Gr TTM

PAT Growth TTM

-76.78%

Consolidated

Standalone

Numbers

Percentage

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	22	23	24	24	23	19	20	16	48	55	28	30
Growth YoY Revenue Growth YoY%	-22.5	38.4	51.2	-6.9	6.2	-16.2	-18.7	-31.7	106.5	183.7	41.1	81.8
Expenses ExpensesCr	20	18	22	21	20	22	20	17	49	57	32	29
Operating Profit Operating ProfitCr	2	6	2	3	4	-2	0	0	-1	-1	-4	1
OPM OPM%	10.7	24.8	7.3	13.5	16.2	-12.8	-2.0	-1.5	-1.9	-2.3	-14.8	1.8
Other Income Other IncomeCr	0	0	1	0	1	1	387	1	2	8	96	2
Interest Expense Interest ExpenseCr	4	4	5	4	4	5	4	1	1	9	-5	0
Depreciation DepreciationCr	2	2	2	1	2	2	2	1	1	1	1	1
PBT PBTCr	-4	0	-4	-3	0	-8	381	-2	-1	-4	96	2
Tax TaxCr	0	0	-4	0	0	0	6	0	0	0	8	0
PAT PATCr	-4	0	1	-3	0	-8	376	-2	-1	-4	88	2
Growth YoY PAT Growth YoY%	-305.7	96.7	139.3	-140.4	97.5	-1,704.3	68,196.4	18.0	-677.8	49.0	-76.7	202.4
NPM NPM%	-16.3	-2.0	2.3	-10.5	-0.4	-42.6	1,910.6	-12.6	-1.4	-7.7	315.9	7.1
EPS EPS₹	-1.0	-0.1	0.1	-0.7	0.0	-2.2	101.3	-0.6	-0.2	-1.1	23.6	0.6

Quarter	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue RevenueCr	22	23	24	24	23	19	20	16	48	55	28	30
Growth YoY Revenue Growth YoY%	-22.5	38.4	51.2	-6.9	6.2	-16.2	-18.7	-31.7	106.5	183.7	41.1	81.8
Expenses ExpensesCr	20	18	22	21	20	22	20	17	49	57	32	29
Operating Profit Operating ProfitCr	2	6	2	3	4	-2	0	0	-1	-1	-4	1
OPM OPM%	10.7	24.8	7.3	13.5	16.2	-12.8	-2.0	-1.5	-1.9	-2.3	-14.8	1.8
Other Income Other IncomeCr	0	0	1	0	1	1	387	1	2	8	96	2
Interest Expense Interest ExpenseCr	4	4	5	4	4	5	4	1	1	9	-5	0
Depreciation DepreciationCr	2	2	2	1	2	2	2	1	1	1	1	1
PBT PBTCr	-4	0	-4	-3	0	-8	381	-2	-1	-4	96	2
Tax TaxCr	0	0	-4	0	0	0	6	0	0	0	8	0
PAT PATCr	-4	0	1	-3	0	-8	376	-2	-1	-4	88	2
Growth YoY PAT Growth YoY%	-305.7	96.7	139.3	-140.4	97.5	-1,704.3	68,196.4	18.0	-677.8	49.0	-76.7	202.4
NPM NPM%	-16.3	-2.0	2.3	-10.5	-0.4	-42.6	1,910.6	-12.6	-1.4	-7.7	315.9	7.1
EPS EPS₹	-1.0	-0.1	0.1	-0.7	0.0	-2.2	101.3	-0.6	-0.2	-1.1	23.6	0.6

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	1,300	1,157	1,019	601	215	266	99	83	95	86	148	161
Growth Revenue Growth%	-2.6	-11.0	-11.9	-41.0	-64.2	23.4	-62.9	-16.3	15.2	-9.2	70.8	104.2
Expenses ExpensesCr	1,183	1,216	997	788	216	239	101	71	80	82	154	167
Operating Profit Operating ProfitCr	118	-59	22	-187	0	27	-2	11	15	4	-7	-6
OPM OPM%	9.1	-5.1	2.1	-31.1	-0.2	10.0	-2.1	13.8	15.5	4.6	-4.4	-3.5
Other Income Other IncomeCr	4	3	3	-84	-157	13	5	10	1	384	107	108
Interest Expense Interest ExpenseCr	104	98	88	27	7	5	1	18	18	25	6	5
Depreciation DepreciationCr	15	20	17	15	12	10	8	7	6	6	6	5
PBT PBTCr	-22	-174	-80	-312	-177	25	-6	-5	-9	358	89	93
Tax TaxCr	2	-72	1	105	7	0	1	-1	-4	6	8	8
PAT PATCr	-24	-102	-80	-417	-184	24	-6	-4	-5	352	81	85
Growth PAT Growth%	74.7	-327.4	21.4	-419.4	56.0	113.2	-126.1	34.5	-10.0	7,845.0	-77.1	-76.8
NPM NPM%	-1.8	-8.8	-7.9	-69.5	-85.3	9.1	-6.4	-5.0	-4.8	408.0	54.6	52.7
EPS EPS₹	-6.8	-26.2	-20.7	-113.3	-49.5	6.5	-1.7	-1.1	-1.3	98.3	21.8	22.9

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Revenue RevenueCr	1,300	1,157	1,019	601	215	266	99	83	95	86	148	161
Growth Revenue Growth%	-2.6	-11.0	-11.9	-41.0	-64.2	23.4	-62.9	-16.3	15.2	-9.2	70.8	104.2
Expenses ExpensesCr	1,183	1,216	997	788	216	239	101	71	80	82	154	167
Operating Profit Operating ProfitCr	118	-59	22	-187	0	27	-2	11	15	4	-7	-6
OPM OPM%	9.1	-5.1	2.1	-31.1	-0.2	10.0	-2.1	13.8	15.5	4.6	-4.4	-3.5
Other Income Other IncomeCr	4	3	3	-84	-157	13	5	10	1	384	107	108
Interest Expense Interest ExpenseCr	104	98	88	27	7	5	1	18	18	25	6	5
Depreciation DepreciationCr	15	20	17	15	12	10	8	7	6	6	6	5
PBT PBTCr	-22	-174	-80	-312	-177	25	-6	-5	-9	358	89	93
Tax TaxCr	2	-72	1	105	7	0	1	-1	-4	6	8	8
PAT PATCr	-24	-102	-80	-417	-184	24	-6	-4	-5	352	81	85
Growth PAT Growth%	74.7	-327.4	21.4	-419.4	56.0	113.2	-126.1	34.5	-10.0	7,845.0	-77.1	-76.8
NPM NPM%	-1.8	-8.8	-7.9	-69.5	-85.3	9.1	-6.4	-5.0	-4.8	408.0	54.6	52.7
EPS EPS₹	-6.8	-26.2	-20.7	-113.3	-49.5	6.5	-1.7	-1.1	-1.3	98.3	21.8	22.9

Consolidated

Standalone

Numbers

Percentage

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	35	35	35	37	37	37	37	37	37	37	37
Reserves ReservesCr	312	46	-33	-391	-579	-546	-550	-555	-559	-212	-131
Current Liabilities Current LiabilitiesCr	1,104	1,107	1,045	851	858	860	725	666	683	305	80
Non Current Liabilities Non Current LiabilitiesCr	25	21	18	17	21	5	4	65	65	76	106
Total Liabilities Total LiabilitiesCr	1,476	1,208	1,065	521	345	356	215	213	226	207	92
Current Assets Current AssetsCr	1,250	837	694	271	150	172	42	44	48	43	45
Non Current Assets Non Current AssetsCr	226	371	371	250	196	184	174	170	178	164	47
Total Assets Total AssetsCr	1,476	1,208	1,065	521	345	356	215	213	226	207	92

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital Equity CapitalCr	35	35	35	37	37	37	37	37	37	37	37
Reserves ReservesCr	312	46	-33	-391	-579	-546	-550	-555	-559	-212	-131
Current Liabilities Current LiabilitiesCr	1,104	1,107	1,045	851	858	860	725	666	683	305	80
Non Current Liabilities Non Current LiabilitiesCr	25	21	18	17	21	5	4	65	65	76	106
Total Liabilities Total LiabilitiesCr	1,476	1,208	1,065	521	345	356	215	213	226	207	92
Current Assets Current AssetsCr	1,250	837	694	271	150	172	42	44	48	43	45
Non Current Assets Non Current AssetsCr	226	371	371	250	196	184	174	170	178	164	47
Total Assets Total AssetsCr	1,476	1,208	1,065	521	345	356	215	213	226	207	92

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	36	123	185	61	-63	-2	79	22	28	-10	-65
Investing Cash Flow Investing Cash FlowCr	-3	7	0	8	44	0	5	0	-5	76	200
Financing Cash Flow Financing Cash FlowCr	-43	-120	-197	-77	20	-1	-84	-21	-25	-66	-135
Net Cash Flow Net Cash FlowCr	-10	9	-11	-8	1	-3	0	0	-1	1	0
Free Cash Flow Free Cash FlowCr	36	129	175	69	-19	-2	85	21	23	66	134
CFO To PAT CFO To PAT%	-150.8	-120.4	-230.7	-14.6	34.4	-6.7	-1,251.5	-519.9	-619.3	-2.7	-81.2
CFO To EBITDA CFO To EBITDA%	30.6	-210.0	848.4	-32.7	12,847.9	-6.1	-3,880.6	188.7	191.5	-242.3	1,006.0

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow Operating Cash FlowCr	36	123	185	61	-63	-2	79	22	28	-10	-65
Investing Cash Flow Investing Cash FlowCr	-3	7	0	8	44	0	5	0	-5	76	200
Financing Cash Flow Financing Cash FlowCr	-43	-120	-197	-77	20	-1	-84	-21	-25	-66	-135
Net Cash Flow Net Cash FlowCr	-10	9	-11	-8	1	-3	0	0	-1	1	0
Free Cash Flow Free Cash FlowCr	36	129	175	69	-19	-2	85	21	23	66	134
CFO To PAT CFO To PAT%	-150.8	-120.4	-230.7	-14.6	34.4	-6.7	-1,251.5	-519.9	-619.3	-2.7	-81.2
CFO To EBITDA CFO To EBITDA%	30.6	-210.0	848.4	-32.7	12,847.9	-6.1	-3,880.6	188.7	191.5	-242.3	1,006.0

Consolidated

Standalone

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	151	298	218	115	23	25		118	143	118	73	102
Price To Earnings Price To Earnings						1.1				0.3	0.9	1.2
Price To Sales Price To Sales	0.1	0.3	0.2	0.2	0.1	0.1		1.4	1.5	1.4	0.5	0.6
Price To Book Price To Book	0.4	-3.6	-1.3	-0.2	0.0	0.0		-0.2	-0.2	-0.4	-0.7	-0.9
EV To EBITDA EV To EBITDA	9.4	-20.8	47.7	-4.7	-1,644.3	30.7		72.2	57.3	99.1	-33.7	-44.2
Profitability Ratios Profitability Ratios
GPM GPM%	20.1	9.3	14.3	-14.6	20.3	24.5	20.3	35.7	35.5	28.6	14.7	14.7
OPM OPM%	9.1	-5.1	2.1	-31.1	-0.2	10.0	-2.1	13.8	15.5	4.6	-4.4	-3.5
NPM NPM%	-1.8	-8.8	-7.9	-69.5	-85.3	9.1	-6.4	-5.0	-4.8	408.0	54.6	52.7
ROCE ROCE%	6.2	-7.4	1.0	-69.8	-68.6	10.4	-2.5	6.9	5.0	374.9	178.1	178.1
ROE ROE%	-6.9	-126.6	-3,954.4	117.8	33.9	-4.8	1.2	0.8	0.9	-202.0	-85.9	-85.9
ROA ROA%	-1.6	-8.5	-7.5	-80.1	-53.2	6.8	-2.9	-1.9	-2.0	170.3	87.7	87.7
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

Financial Year	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Current
Valuation Ratios Valuation Ratios
Market Cap Market CapitalizationCr	151	298	218	115	23	25		118	143	118	73	102
Price To Earnings Price To Earnings						1.1				0.3	0.9	1.2
Price To Sales Price To Sales	0.1	0.3	0.2	0.2	0.1	0.1		1.4	1.5	1.4	0.5	0.6
Price To Book Price To Book	0.4	-3.6	-1.3	-0.2	0.0	0.0		-0.2	-0.2	-0.4	-0.7	-0.9
EV To EBITDA EV To EBITDA	9.4	-20.8	47.7	-4.7	-1,644.3	30.7		72.2	57.3	99.1	-33.7	-44.2
Profitability Ratios Profitability Ratios
GPM GPM%	20.1	9.3	14.3	-14.6	20.3	24.5	20.3	35.7	35.5	28.6	14.7	14.7
OPM OPM%	9.1	-5.1	2.1	-31.1	-0.2	10.0	-2.1	13.8	15.5	4.6	-4.4	-3.5
NPM NPM%	-1.8	-8.8	-7.9	-69.5	-85.3	9.1	-6.4	-5.0	-4.8	408.0	54.6	52.7
ROCE ROCE%	6.2	-7.4	1.0	-69.8	-68.6	10.4	-2.5	6.9	5.0	374.9	178.1	178.1
ROE ROE%	-6.9	-126.6	-3,954.4	117.8	33.9	-4.8	1.2	0.8	0.9	-202.0	-85.9	-85.9
ROA ROA%	-1.6	-8.5	-7.5	-80.1	-53.2	6.8	-2.9	-1.9	-2.0	170.3	87.7	87.7
Operational Ratios Operational Ratios
Solvency Ratios Solvency Ratios
Liquidity Ratios Liquidity Ratios

	CLSEL	SARVESHWAR	MISHTANN	KOHINOOR	KCK	LAKSHMIEFL	SANWARIA
Market CapitalizationMkt CapCr	1,315	439	327	102	88	18	15
Close PriceClose₹	264.35	3.56	3.03	27.59	13.90	2.50	0.20
IndustryIndustry	Food Processing Rice	Food Processing Rice	Food Processing Rice	Food Processing Rice	Food Processing Rice	Food Processing Rice	Food Processing Rice
Price To EarningsPE	10.49	12.71	1.86	1.21	173.75
Price To SalesPS	0.89	0.31	0.42	0.64	3.00	2.31
RevenueRevenueCr	1,478	1,402	772	161	29	8	0
Revenue Growth TTMRev Gr TTM%	2.7%	16.4%	-44.1%	104.2%	-16.3%	-98.4%
PAT Growth TTMPAT Gr TTM%	22.8%	7.0%	-48.6%	-76.8%	-42.0%	-133.3%

	CLSEL	SARVESHWAR	MISHTANN	KOHINOOR	KCK	LAKSHMIEFL	SANWARIA
Market CapitalizationMkt CapCr	1,315	439	327	102	88	18	15
Close PriceClose₹	264.35	3.56	3.03	27.59	13.90	2.50	0.20
IndustryIndustry	Food Processing Rice	Food Processing Rice	Food Processing Rice	Food Processing Rice	Food Processing Rice	Food Processing Rice	Food Processing Rice
Price To EarningsPE	10.49	12.71	1.86	1.21	173.75
Price To SalesPS	0.89	0.31	0.42	0.64	3.00	2.31
RevenueRevenueCr	1,478	1,402	772	161	29	8	0
Revenue Growth TTMRev Gr TTM%	2.7%	16.4%	-44.1%	104.2%	-16.3%	-98.4%
PAT Growth TTMPAT Gr TTM%	22.8%	7.0%	-48.6%	-76.8%	-42.0%	-133.3%