Investor presentationMay 2026
May 2026 · PPT
Source: Nse
Shri Ahimsa Naturals Ltd. (SHRIAHIMSA)
SME CapConsumer stocks · SME cap · NSE
Shri Ahimsa Naturals extracts and processes Natural Caffeine and Green Coffee Bean Extracts. It is Asia's largest Natural Caffeine manufacturer, with a proprietary 30+ year R&D extraction process. The business is export-focused, serving America, Europe, and other global markets from its Jaipur facility.
₹421.35
+1.35 · +0.32%
Market cap ₹1,052 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals06 Oct 2026 · screener
Latest result01 Jun, 07:58 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
42NeutralSMA20 -6.5% / mo · MACD − · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 46
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SHRIAHIMSAD candles · FIT view+57.8%Latest close ₹421.35 on 2026-10-19
Bar
+0.3%
RSI
44
MACD hist
-2.11
52W pos
72%
2026-10-19O ₹420.00H ₹425.95L ₹408.00C ₹421.35Vol 10,200 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SHRIAHIMSANifty Consumer DurablesNifty 500
- SHRIAHIMSA
- +9.6%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- +15.2 pp
Chart stats
19 Oct 2026- From 52W high
- -16.2%
- 52W range position
- 72%
- ATR (14)
- 4.3%
- Volume vs 20D
- 0.59x
- Avg traded value
- ₹0.8 Cr
- 20D price channel
- ₹390 - ₹499
₹502.9
₹210 - ₹502.9
₹18.1
Latest completed session
20-session average
34.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST35
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Pending data—
Revenue NDF · PAT NDF YoY
Technical
Neutral42
Price trend and sector-relative-strength timing.
Valuation
Legacy model-721.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence71
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Pending dataYoY comparison unavailable - result verdict pending data
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹63 Cr | NDF | +3.3% |
| EBITDA | ₹18 Cr | NDF | +0.0% |
| Operating margin | 28.0% | NDF | -200 bps |
| PAT | ₹15 Cr | NDF | +0.0% |
| PAT margin | 23.8% | NDF | -78 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 36.20
- P/B
- 5.36
- EV/EBITDA
- 28.21
- Market Cap
- 1052.00Cr
Profitability
- ROE
- 16.70%
- ROCE
- 21.70%
- ROA
- 13.30%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 5.75%
- EPS 5Y
- -8.62%
- Revenue 3Y
- 6.00%
- EPS 3Y
- -9.00%
Balance Sheet
- Debt/Equity
- 0.10
- Interest Coverage
- 36.00×
- Altman Z
- 8.52
- Book Value
- 82.50
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- 9.00 Cr
- EPS TTM
- 12.42
Shareholding
- Promoter Hold
- 68.40%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 79%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 63.0+3.3% vs prev
Net Profit
₹ CrLatest: 15.0+0.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term uptrend intact. RSI 44.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~6.9% over last month) — short-term momentum negative.
- RSI(14) at 44 — sideways, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 16% off 52W high · 101% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
90
RS percentile
Stage 2 UptrendEstablished S2
1M return
-10.1%
3M return
+9.6%
6M return
+56.8%
1Y return
+62.9%
RS 1D
0
RS 20D
-4
Sector rank
#9
Industry rank
#35
Stage evidence
- Price is 16.4% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +8.1%.
- Both 3-month and 6-month returns are positive.
50-DMA
price below
200-DMA
price above
S2 entered
05 May 2026
S2 age
118 trading sessions
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 194.92+1.36%
RS vs Nifty 500195
Valuation & peers
U-Score 35 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 35 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth5/25
Quality12/20
Balance Sheet11/15
Cash Flow2/10
Piotroski
7/9 (+5)
Penalties
0
Raw sum
35
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
35/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 7/9.
- Balance sheet contributes 11/15 to the score.
- Quality contributes 12/20 to the score.
Main drags
- Fair-value margin of safety is negative at -721.5%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Growth is weaker at 5/25; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
36.2
PB
5.4
EV/EBITDA
28.2
ROE
16.7%
ROCE
21.7%
FCF Yield
—
Debt/Equity
0.1
MoS
-721.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
35
Previous: 35
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-721.5%
Previous: -721.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
35
35
35
35
35
35
35
35
35
35
35
35
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹151.84
-177.5% MoS
Growth-justified P/E
4.1
Growth-justified Value
₹51.29
-721.5% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
FRESHARA
SME
Freshara Agro Exports Ltd.
Agro Processing
match 60
48
24.4
21.2%
+29%
FAIR VALUE
PROV
SME
Proventus Agrocom Ltd.
Agro Processing
match 58
40
46.1
10.1%
-36%
WATCHLIST
APEX
Small
Apex Frozen Foods Limited
Agro Processing
match 56
33
21.2
7.6%
-235%
WATCHLIST
SHEETAL
SME
Sheetal Universal Ltd.
Agro Processing
match 55
44
36.5
23.3%
-12%
WATCHLIST
DHAMPURSUG
Small
Dhampur Sugar Mills Limited
Agro Processing
match 55
28
16.2
5.5%
-722%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-08-23T16:41:11.675Z
Management commentary snapshot
FY26 results show robust growth: Revenue up 3.1% YoY to 2,014 Cr, EBITDA up 28.1% to 123 Cr, and PAT up 36.4% to 30 Cr. Natural Coffee Volume increased to 196 MTPA, with Contribution Margin improving to 36/Kg and Core-ROCE at 35%.
The company delivered strong FY26 results, supported by volume growth and margin expansion. Strategic 3x capacity expansion, backward integration into crude caffeine, and diversification into botanical extracts position it for future growth. However, successful execution of this significant expansion by 2027 is critical for sustaining momentum.
Growth engines
Expanding Capacities
Scaling production capacity to 3x through greenfield expansion with vacant land for future capex.
Backward Integration
Strategic backward integration to ensure raw material security, cost competitiveness, and increased profitability.
Botanical Extracts
Building capabilities to manufacture high-value botanical extracts.
Expanding Customer Base
Broadening across geographies and segments with a diversified customer base.
Capacity and execution
Natural Caffeine Capacity
New plant capacity of 700 MTPA (current 270 MTPA).
Green Coffee Bean Extract Capacity
New plant capacity of 300 MTPA (current 200 MTPA).
Crude Caffeine Production
New plant capacity of 200 MTPA for in-house crude caffeine from tea waste.
Integrated Facility Timeline
Becoming an integrated player with 3x capacity and backward integration by 2027.
Tailwinds
Natural Caffeine Preference
End-users gain disproportionate benefit and prefer natural caffeine over synthetic due to longer effect and better tolerance.
Clean Label Premiumization
Natural plant-derived products meet consumer demand for natural & clean labels, enabling price premiumization.
Decaffeinated Coffee Trend
Increasing trend of decaffeinated coffee in developed and developing countries drives demand for crude caffeine sources.
Risk radar
Execution Risk of Expansion
Significant project execution risk associated with scaling production capacity to 3x and pioneering into decaffeination by 2027.
Raw Material Dependency
Reliance on crude caffeine as a by-product, though backward integration aims to mitigate this, its success is key.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
Financial data is presented annually across FY24, FY25, and FY26, making year-over-year comparison the most appropriate to assess annual performance trends and growth.
Sector KPIs management disclosed
Natural Coffee Volume
Increased to 196 MTPA in FY26 from 164 MTPA in FY25.
Contribution Margin
Improved to 36 per Kg in FY26 from 30 per Kg in FY25.
Input Cost Trend
Backward integration aims to optimize costs and ensure raw material security.
Capacity Utilization
Enhanced crude caffeine availability to support quicker ramp-up in capacity utilization.
Management forward view
Global Leadership Ambition
On the path of becoming the largest supplier of Natural Caffeine worldwide.
Integrated Operations by 2027
Becoming an integrated player with 3x capacity and backward integration by 2027.
Product Innovation Focus
Invest in R&D to develop high-value solutions that enhance margins and customer value.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Natural Caffeine Volume | 196 MTPA (FY26) | Watch for ramp-up towards 700 MTPA new capacity and utilization rates. |
| Contribution Margin | 36 per Kg (FY26) | Watch for sustained improvement from backward integration and product mix. |
| New Decaffeination Plant | In-house crude caffeine production capability established | Watch for successful commissioning and utilization of the new 200 MTPA crude caffeine plant. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
71Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 66th percentile of the scored universe and 69th percentile within Consumer. Main check: cash conversion is weak at 55/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
3 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
66th percentile
overall median 67 · Consumer: 69th pctile, median 66 · SME: 85th pctile, median 64
Evidence depth
Financial-only
3 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
55
watch · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
64
acceptable · capital discipline
Results
55
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 68.4%.
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.10.
- ▸ROCE is 21.7%.
Trust risks
- ▸ROCE trend is -4%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Shri Ahimsa Naturals Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Nse
Investor presentationAug 2025
Aug 2025 · PPT
Source: Nse
Investor presentationMay 2025
May 2025 · PPT
Source: Nse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.