Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹331Cr
Food - Processing - Atta/Rava/Sooji
Rev Gr TTM
Revenue Growth TTM
70.99%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

MEGASTAR
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% | 118.5 | 21.8 | 6.0 | 9.0 | -45.3 | -19.7 | 23.1 | 27.7 | 93.8 | 88.6 | 62.8 | 52.3 |
| 108 | 67 | 65 | 69 | 60 | 55 | 81 | 87 | 112 | 101 | 129 | 132 |
Operating Profit Operating ProfitCr |
| 5.8 | 5.2 | 5.4 | 5.1 | 3.6 | 3.4 | 5.0 | 6.4 | 8.0 | 6.3 | 6.6 | 6.7 |
Other Income Other IncomeCr | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 4 | 6 | 3 | 4 | 4 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| 5 | 3 | 3 | 2 | 1 | 1 | 2 | 1 | 2 | 2 | 3 | 4 |
| 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
|
Growth YoY PAT Growth YoY% | 129.5 | 46.5 | 40.0 | -58.0 | -78.6 | -79.3 | -27.6 | -66.9 | 54.1 | 269.8 | 61.9 | 580.0 |
| 3.5 | 2.9 | 3.0 | 1.9 | 1.4 | 0.8 | 1.7 | 0.5 | 1.1 | 1.5 | 1.7 | 2.2 |
| 4.0 | 2.1 | 2.0 | 1.4 | 0.8 | 0.4 | 1.4 | 0.4 | 1.2 | 1.6 | 2.1 | 2.7 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 14.6 | -0.5 | 13.8 | 64.6 | -9.6 | 31.3 | 40.7 |
| 135 | 154 | 153 | 173 | 283 | 262 | 339 | 473 |
Operating Profit Operating ProfitCr |
| 5.3 | 5.6 | 5.5 | 6.3 | 7.1 | 4.7 | 6.1 | 6.9 |
Other Income Other IncomeCr | 0 | 0 | 1 | 0 | 0 | 2 | 0 | 0 |
Interest Expense Interest ExpenseCr | 3 | 3 | 2 | 3 | 6 | 4 | 12 | 15 |
Depreciation DepreciationCr | 1 | 1 | 2 | 2 | 2 | 3 | 5 | 9 |
| 3 | 5 | 6 | 7 | 14 | 8 | 5 | 11 |
| 1 | 1 | 2 | 2 | 4 | 2 | 1 | 3 |
|
| | 39.3 | 21.2 | 33.1 | 84.9 | -37.3 | -40.0 | 119.9 |
| 1.7 | 2.1 | 2.5 | 3.0 | 3.3 | 2.3 | 1.1 | 1.6 |
| 2.5 | 3.4 | 4.2 | 5.5 | 10.1 | 6.2 | 3.4 | 7.6 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 11 |
| 9 | 12 | 20 | 26 | 36 | 81 | 82 | 87 |
Current Liabilities Current LiabilitiesCr | 23 | 18 | 53 | 33 | 37 | 22 | 75 | 189 |
Non Current Liabilities Non Current LiabilitiesCr | 8 | 6 | 7 | 6 | 28 | 41 | 67 | 69 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 35 | 26 | 67 | 43 | 55 | 49 | 86 | 200 |
Non Current Assets Non Current AssetsCr | 16 | 21 | 23 | 32 | 56 | 107 | 150 | 156 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | -1 | 15 | -22 | 27 | 12 | 16 | -10 |
Investing Cash Flow Investing Cash FlowCr | -4 | -6 | -5 | -8 | -26 | -53 | -49 |
Financing Cash Flow Financing Cash FlowCr | 5 | -8 | 26 | -18 | 17 | 35 | 61 |
|
Free Cash Flow Free Cash FlowCr | -5 | 11 | -27 | 21 | -16 | -36 | -60 |
| -22.6 | 435.4 | -537.6 | 502.7 | 114.5 | 256.7 | -261.1 |
CFO To EBITDA CFO To EBITDA% | -7.3 | 160.6 | -247.8 | 236.6 | 53.3 | 124.5 | -44.9 |
| Financial Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 50 | 78 | 27 | 128 | 215 | 297 | 221 |
Price To Earnings Price To Earnings | 20.4 | 23.1 | 6.5 | 23.4 | 21.3 | 46.9 | 58.2 |
Price To Sales Price To Sales | 0.3 | 0.5 | 0.2 | 0.7 | 0.7 | 1.1 | 0.6 |
Price To Book Price To Book | 2.6 | 3.5 | 0.9 | 3.6 | 4.7 | 3.2 | 2.4 |
| 10.3 | 10.7 | 8.6 | 13.9 | 12.4 | 27.0 | 15.8 |
Profitability Ratios Profitability Ratios |
| 14.7 | 14.3 | 13.8 | 14.4 | 13.0 | 11.4 | 13.4 |
| 5.3 | 5.6 | 5.5 | 6.3 | 7.1 | 4.7 | 6.1 |
| 1.7 | 2.1 | 2.5 | 3.0 | 3.3 | 2.3 | 1.1 |
| 14.1 | 18.7 | 10.4 | 14.5 | 18.9 | 8.4 | 7.5 |
| 13.0 | 15.3 | 13.6 | 15.2 | 21.9 | 6.9 | 4.0 |
| 4.8 | 7.3 | 4.5 | 7.3 | 9.1 | 4.1 | 1.6 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Company Overview**
Megastar Foods Ltd. is a leading integrated wheat-based food processing company in India, specializing in the manufacturing of high-quality wheat products such as refined flour (maida), whole wheat flour (atta), semolina (suji/rawa), wheat bran, and organic flours. Headquartered in Chandigarh, the company operates one of the most advanced and largest single-location flour processing facilities in North India, located in Rupnagar (Ropar), Punjab.
With roots tracing back to **1964** through the founding of *Basakhi Mal Ram Kishan*—one of the first registered flour mills in Manimajra, UT Chandigarh, by Mr. Madan Lal Aggarwal—the business evolved from a family-run operation into a modern, technology-driven enterprise. **Megastar Foods Pvt. Ltd.** was formally incorporated in **2011** by **Mr. Vikas Goel**, with a vision to serve both domestic and global food manufacturing industries.
The company is publicly listed, having debuted on the **BSE SME platform in 2018** and successfully migrated to the **main boards of BSE and NSE in February 2022**, signaling its growth and maturity in the capital markets.
---
### **Manufacturing & Operational Capabilities**
- **Plant Location:** Village Solkhian, Rupnagar, Punjab — strategically positioned near key wheat-growing regions for supply chain efficiency.
- **Facility Size:** Modern 9-acre state-of-the-art facility.
- **Processing Capacity:**
- **710 metric tons per day** (equivalent to ~259,150 MTPA), making it the largest refined flour processing plant in North India at a single location.
- **Storage Capacity:** In-house wheat storage of **50,000 metric tons**, enabling consistent supply and reduced procurement risk.
- **Technology & Equipment:** The only plant in North India equipped with **advanced Bühler (Swiss) machinery**, featuring stainless steel systems, real-time quality monitoring, automation, and precision milling.
- **Quality Standards:** Operates under strict **Good Manufacturing Practices (GMP)** and **Good Laboratory Practices (GLP)** with dedicated expert teams for continuous quality control and R&D.
---
### **Certifications & Compliance**
Megastar Foods adheres to the highest international food safety and ethical standards, holding the following certifications:
- **BRCGS (Grade AA-rated)**
- **FSSAI**
- **Halal**
- **SEDEX (SMETA)**
These certifications enable the company to supply to multinational corporations and open pathways for export, particularly to Europe and potential access to the U.S. market.
---
### **Clientele & Market Presence**
- **B2B Focus:** Serves top-tier multinational and domestic food manufacturers.
- **Key Clients Include:**
- Nestlé
- ITC
- Hindustan Unilever (HUL)
- Jubilant FoodWorks
- PepsiCo
- Mondelez
- General Mills
- Bimbo Bakeries India
- Mrs. Bector’s Food Specialties
- Yum! Brands
- Over **60% of revenue** is derived from its top 10 brand clients.
- Longstanding partnerships of over a decade with major clients highlight Megastar’s reliability and consistent product quality.
- Recognized as the **“Most Dependable Partner”** by Jubilant Foodworks (2018) and received an **“Exceptional Performance”** award from ITC Limited (2019).
---
### **Leadership Team**
The company is led by an experienced and cohesive management team with deep industry expertise:
- **Vikas Goel** – **Chairman & Managing Director**
- Over **34 years** of industry experience
- Founded the company in 2011 to scale the family legacy
- Leads business strategy, expansion, and overall operations
- **Vikas Gupta** – **Whole-Time Director**
- Over **19 years** of experience in the wheat flour industry
- Oversee production, HR, administration, and business development
- Holds B.Com and ICAI Inter certification
- **Mudit Goyal** – **Whole-Time Director (Marketing)**
- MBA from Amity Global; joined in 2018 at age 31
- Responsible for marketing operations and brand development
- Instrumental in client engagement and business growth
All three directors also hold directorships in **Megapacific Ventures Private Limited**, indicating a shared strategic leadership structure.
---
### **Corporate Information**
- **Registered Office:** Chandigarh, India
- **Production Plant:** Solkhian, Rupnagar, Punjab
- **Website:** [www.megastarfoods.com](http://www.megastarfoods.com)
- **Incorporation:** 2011 (operations began in 2013)
- **Listed:** BSE SME (2018), Main Board BSE/NSE (2022)