---
title: "Pajson Agro India Ltd (544657) — Share Price, Financials & Analysis"
symbol: "544657"
company: "Pajson Agro India Ltd"
canonical: "https://tapetide.com/stocks/544657"
isin: "INE14LM01012"
nse_symbol: "PAJSONAGROINDIALTD"
bse_code: "544657"
sector: "Food Products"
industry: "Food Products"
market_cap_cr: 511.9
generated_at: "2026-09-13T19:39:44.058Z"
---

# Pajson Agro India Ltd (544657)

Canonical page: https://tapetide.com/stocks/544657

## Company

- **NSE Symbol:** PAJSONAGROINDIALTD
- **BSE Code:** 544657
- **ISIN:** INE14LM01012
- **Sector:** Food Products
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** pajsonagro.com

## About

Incorporated in 2021, Pajson Agro India processes raw cashew nuts into cashew kernels and supply them to domestic and international markets.[1]

## Latest Price

## Key Fundamentals

Observed at 2026-09-11T04:34:23.043960Z.

- **Market Cap:** ₹511.9 Cr
- **Classification:** SME
- **P/E (reported):** 0
- **Book Value:** ₹57.13
- **Price to Book:** 3.76
- **Dividend Yield:** 0%
- **ROE:** 18.22%
- **ROCE:** 25.93%
- **Debt to Equity:** 0.25
- **Revenue (yearly):** ₹256.9 Cr
- **Net Income:** ₹24.8 Cr
- **EBITDA:** ₹37.8 Cr
- **52-Week High:** ₹255
- **52-Week Low:** ₹120.05
- **RSI (14):** 60.93

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 33.2%

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -180.68% | -55.42% | -860.11% |
| ebitda margin growth | -8.91% | 146.57% | — |
| net income growth | 21.57% | 608% | — |
| revenue growth | 37.16% | 36% | — |
| roce | -58.96% | 34.42% | — |
| roe | -60.53% | 26.16% | — |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Sales | 101 | 118 | 137 |
| Expenses | 87 | 97 | 122 |
| Operating Profit | 14 | 21 | 16 |
| OPM % | 14 | 18 | 11 |
| Other Income | 0 | 0 | 1 |
| Interest | 1 | 1 | 2 |
| Depreciation | 1 | 1 | 1 |
| Profit before tax | 13 | 19 | 14 |
| Tax % | 23 | 25 | 25 |
| Net Profit | 10 | 14 | 11 |
| EPS in Rs | 27.71 | 8.11 | 4.44 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Sales | 101 | 96 | 187 | 256 |
| Expenses | 100 | 90 | 157 | 219 |
| Operating Profit | 1 | 6 | 30 | 37 |
| OPM % | 1.2 | 6 | 16 | 14 |
| Other Income | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 2 | 3 |
| Depreciation | 1 | 1 | 1 | 2 |
| Profit before tax | 0 | 5 | 27 | 33 |
| Tax % | 50 | 27 | 25 | 25 |
| Net Profit | 0 | 3 | 20 | 25 |
| EPS in Rs | 0.06 | 9.57 | 58.31 | 10.41 |
| Dividend Payout % | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 4 | 4 | 4 | 24 |
| Reserves | 17 | 20 | 41 | 112 |
| Borrowings | 0 | 15 | 15 | 34 |
| Other Liabilities | 30 | 17 | 7 | 25 |
| Total Liabilities | 50 | 55 | 66 | 196 |
| Fixed Assets | 19 | 23 | 28 | 41 |
| CWIP | 0 | 0 | 3 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| Other Assets | 32 | 32 | 35 | 154 |
| Total Assets | 50 | 55 | 66 | 196 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | 12 | -9 | 17 | -14 |
| Cash from Investing Activity | -1 | -6 | -11 | -72 |
| Cash from Financing Activity | -11 | 14 | -2 | 84 |
| Net Cash Flow | 0 | 0 | 5 | -1 |
| Free Cash Flow | 11 | -14 | 8 | -26 |
| CFO/OP | 995 | -155 | 79 | -16 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 3 | 12 | 7 | 26 |
| Inventory Days | 113 | 107 | 38 | 73 |
| Days Payable | 127 | 73 | 8 | 39 |
| Cash Conversion Cycle | -11 | 46 | 36 | 60 |
| Working Capital Days | 3 | 3 | 15 | 45 |
| ROCE % | — | 16 | 59 | 31 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2025 | Dec 2025 | Mar 2026 |
| --- | --- | --- | --- |
| Promoters | 85% | 85% | 62.47% |
| FIIs | 0% | 0% | 0% |
| DIIs | 0% | 0% | 7.63% |
| Government | 0% | 0% | 0% |
| Public | 0% | 0% | 23.13% |
| Others | 15% | 15% | 6.77% |
| No. of Shareholders | 7 | 7 | 397 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 8 / 8 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 216.09 | Sell |
| EMA (10) | 212.19 | Sell |
| SMA (20) | 204.17 | Buy |
| EMA (20) | 206.83 | Buy |
| SMA (50) | 192.91 | Buy |
| EMA (50) | 197.66 | Buy |
| SMA (100) | 191.33 | Buy |
| EMA (100) | 191.84 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.71 | Neutral |
| MACD (12,26,9) | 6.92 | Buy |
| Stochastic (14,3,3) | 81.91 | Sell |
| ADX (14) | 22.67 | Neutral |
| Williams %R (14) | -24.45 | Neutral |
| ATR (14) | 6.67 | High Volatility |
| ROC (12) | 11.05 | Buy |
| Stoch RSI (14) | 53.82 | Neutral |
| UO (7,14,28) | 50.16 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-08-19 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c29c3699-7d7a-4cb4-b47a-971a23f4357a.pdf) |
| 2026-08-18 | [Shareholder Meeting / Postal Ballot-Scrutinizers Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6b34d6d0-5e8d-4f6a-99a3-ba567899f783.pdf) |
| 2026-08-18 | [Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6ca80964-375c-46ee-9354-904ba2292ab1.pdf) |
| 2026-08-17 | [Shareholder Meeting / Postal Ballot-Outcome of AGM](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bffc9858-02f8-470a-a702-af1680bda566.pdf) |
| 2026-08-13 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2bf6e443-ab50-478a-9889-907269a54088.pdf) |
| 2026-08-08 | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=67fcc9a8-80c4-4c84-80b0-4b3799761ecd.pdf) |
| 2026-07-29 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3efaf437-60a4-495c-9c4b-8faaedbdb608.pdf) |
| 2026-07-28 | [Voluntary Disclosure Of Business Update For Q1_FY2026-27](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e7cdd0b5-653f-44d5-8772-97334af9127c.pdf) |
| 2026-07-22 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=eaa2d975-54ad-4148-ae20-62d088a6dac7.pdf) |
| 2026-07-22 | [Physical Letter Sent To Shareholders Of Pajson Agro India Limited](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ab897ca9-d14e-40c1-b19a-dbd5663ca175.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-05-18 | [Results For The Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=26f467d6-6738-4ec4-ab41-2de803dc2812.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-05-14 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8f2b72a9-14fa-47a2-a331-9d4cc9883558.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - CFO Ajit Kumar resigns effective 31 March 2026, citing personal/family commitments. | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 9h - CFO Ajit Kumar resigns effective 31 March 2026, citing personal/family commitments.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/93190a1d-f5e2-4fd7-9dd1-02dfdca51672.pdf) |
| 9 Jan - Certificate under Reg 74(5) for quarter ended 31 Dec 2025; shares fully dematerialised; no rematerialisation requests. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018 9 Jan - Certificate under Reg 74(5) for quarter ended 31 Dec 2025; shares fully dematerialised; no rematerialisation requests.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eaa7f4d8-a286-464f-9f7b-752a34c7e488.pdf) |
| 8h - Pajson Agro group virtual investor call on March 27, 2026 at 04:00 PM IST. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8h - Pajson Agro group virtual investor call on March 27, 2026 at 04:00 PM IST.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/ff2e6cbe-59da-4c28-9f27-8101648fb0bb.pdf) |
| 8 May - Audio recording of FY26 earnings conference call for audited financial results available on company website. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 8 May - Audio recording of FY26 earnings conference call for audited financial results available on company website.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b27999ac-f2c0-4d0f-966b-f638974b6bac.pdf) |
| 7 May - Pajson Agro reports IPO proceeds of Rs 74.45 crore; no material deviation, issue expenses reduced by Rs 1.96 crore. | [Pajson Agro India Limited Has Submitted The Exchange About Statement Of Deviation(S) Or Variation(S) Under Reg. 32 7 May - Pajson Agro reports IPO proceeds of Rs 74.45 crore; no material deviation, issue expenses reduced by Rs 1.96 crore.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/b7aa1cec-6b51-4927-af95-9017bcceab87.pdf) |
| 7 May - CARE report for quarter ended March 31, 2026 notes IPO proceeds deviation; GCP exceeded Rs.10 crore cap. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 7 May - CARE report for quarter ended March 31, 2026 notes IPO proceeds deviation; GCP exceeded Rs.10 crore cap.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/9091d914-7f8d-4329-a91a-a18720e820ad.pdf) |
| 7 March 2026 - Management to participate in Arihant Capital Bharat Connect virtual conference on 11 March 2026. | [Analysts/Institutional Investor Meet/Con. Call Updates 7 March 2026 - Management to participate in Arihant Capital Bharat Connect virtual conference on 11 March 2026.](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_07032026120754_Intimation_of_Investor_Call-revised.pdf) |
| 7 Apr - Pajson Agro India says it is not a SEBI 'Large Corporate'; annual disclosure not applicable. | [Declaration Of Non Applicability Of Declaration In Annexure A As Per SEBI/HO/DDHS/P/CIR/2021/613 Circular Dated August 10 2021 7 Apr - Pajson Agro India says it is not a SEBI 'Large Corporate'; annual disclosure not applicable.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2771cd00-4277-4b44-90f4-57518231f2f8.pdf) |
| 30 Apr - Board meeting on May 6, 2026 to approve audited FY2026 financial results; trading window closed from April 1. | [Board Meeting Intimation for Consider And Approve The Audited Annual Financial Results For The Year Ended March 31 2026 Along With Other Matters. 30 Apr - Board meeting on May 6, 2026 to approve audited FY2026 financial results; trading window closed from April 1.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/09ab6238-052d-489e-96c3-c5868746cd49.pdf) |
| 3 February 2026 - Exchange had sought clarification from Shivashrit Foods Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On … | [Reply to Clarification- Financial results 3 February 2026 - Exchange had sought clarification from Shivashrit Foods Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_15012026143310_SFL-Clarification_letter-150126.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-05-09 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15d18384-2f00-460a-84a6-5facd73f701c.pdf) |

### Investor Presentations

| Date | Document |
| --- | --- |
| 2026-05-07 | [Announcement under Regulation 30 (LODR)-Investor Presentation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=031535be-408b-4010-995e-398be760f1a2.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/SHIVASHRITFOODS_19112025192456_InvestorPresentationNov2025SFL.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8f2b72a9-14fa-47a2-a331-9d4cc9883558.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/8f2b72a9-14fa-47a2-a331-9d4cc9883558.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/031535be-408b-4010-995e-398be760f1a2.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29010_SHIVASHRIT_2024_2025_A_6138634_09092025213427.pdf) |
| from bse | [Annual Report 2026 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3efaf437-60a4-495c-9c4b-8faaedbdb608.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:39:44.058Z.