---
title: "Farmax India Ltd (FARMAXIND) — Share Price, Financials & Analysis"
symbol: "FARMAXIND"
company: "Farmax India Ltd"
canonical: "https://tapetide.com/stocks/FARMAXIND"
sector: "Fast Moving Consumer Goods"
industry: "Household Products"
generated_at: "2026-09-13T19:22:06.140Z"
---

# Farmax India Ltd (FARMAXIND)

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

## Company

- **Sector:** Fast Moving Consumer Goods
- **Industry:** Household Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** farmax.co.in, www.farmaxtoday.com

## About

Farmax India Ltd, incorporated in India, listed on the Bombay Stock Exchange Limited, the company is engaged in Atta,pasta,vermicelli, maida,rawa

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.
- Stock is trading at 0.12 times its book value

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -27.3% over past five years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 89.4 to 144 days.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 72% | 17% | — |
| revenue growth | -98% | -31% | -27% |

## Financial Statements

### Quarterly Results

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

| Item | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 4.82 | 5.8 | 4.19 | 2.85 | 2.32 | 1.86 | 0.11 | 0.1 | 0.09 | 0 | 0 | 0 |
| Expenses | 7 | 7.01 | 8.83 | 3.14 | 4.81 | 2.19 | 0.6 | 0.01 | 0.11 | 0 | 0.03 | 0.03 |
| Operating Profit | -2.18 | -1.21 | -4.64 | -0.29 | -2.49 | -0.33 | -0.49 | 0.09 | -0.02 | 0 | -0.03 | -0.03 |
| OPM % | -45.23 | -20.86 | -110.74 | -10.18 | -107.33 | -17.74 | -445.45 | 90 | -22.22 | — | — | — |
| Other Income | 0.08 | 0.06 | 0 | 0.09 | 0.04 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.41 | 0.41 | 0.42 | 0.36 | 0.32 | 0.33 | 0.32 | 0.34 | 0.32 | 0.32 | 0.27 | 0.27 |
| Profit before tax | -2.51 | -1.56 | -5.06 | -0.56 | -2.77 | -0.66 | -0.81 | -0.25 | -0.34 | -0.32 | -0.3 | -0.3 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -2.51 | -1.57 | -5.06 | -0.56 | -2.77 | -0.66 | -0.81 | -0.25 | -0.35 | -0.32 | -0.3 | -0.3 |
| EPS in Rs | -0.05 | -0.03 | -0.09 | -0.01 | -0.05 | -0.01 | -0.02 | 0 | -0.01 | -0.01 | -0.01 | -0.01 |

### Profit & Loss

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

| Item | Aug 2008 17m | Mar 2009 7m | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 16.82 | 19.73 | 63.41 | 77.25 | 91.43 | 47.48 | 17.32 | 20.98 | 15.69 | 0.09 |
| Expenses | 14.61 | 17.68 | 54.96 | 69.82 | 86.04 | 64.58 | 18.34 | 22.58 | 24.15 | 0.17 |
| Operating Profit | 2.21 | 2.05 | 8.45 | 7.43 | 5.39 | -17.1 | -1.02 | -1.6 | -8.46 | -0.08 |
| OPM % | 13.14 | 10.39 | 13.33 | 9.62 | 5.9 | -36.02 | -5.89 | -7.63 | -53.92 | -88.89 |
| Other Income | 0 | 0 | -1.13 | 1.26 | 1.75 | -102.22 | 0.38 | 1.78 | 0.29 | 0 |
| Interest | 0.34 | 0.6 | 2.43 | 3.73 | 4.82 | 4.73 | 6.18 | 0.06 | 0.01 | 0 |
| Depreciation | 1.37 | 0.78 | 1.67 | 2.45 | 4.76 | 2.54 | 2.02 | 2.22 | 1.6 | 1.18 |
| Profit before tax | 0.5 | 0.67 | 3.22 | 2.51 | -2.44 | -126.59 | -8.84 | -2.1 | -9.78 | -1.26 |
| Tax % | 36 | 37.31 | 24.22 | 14.34 | -24.59 | 0.57 | 0 | 0 | 0 | — |
| Net Profit | 0.32 | 0.42 | 2.44 | 2.15 | -1.84 | -127.32 | -8.84 | -2.1 | -9.78 | -1.27 |
| EPS in Rs | 0.03 | 0.04 | — | 0.08 | -0.07 | -3.12 | -0.22 | -0.04 | -0.18 | -0.04 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

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

| Item | Mar 2007 | Aug 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 3.22 | 11 | 11 | 12.6 | 25.83 | 25.83 | 40.83 | 40.83 | 53.42 | 53.42 |
| Reserves | 0.81 | 13.58 | 14 | 18.84 | 316.17 | 75.03 | -45.69 | -54.53 | -52.61 | -62.39 |
| Borrowings | 0 | 9.01 | 11.18 | 16.13 | 37.2 | 30.07 | 35.38 | 41.49 | 41.02 | 41 |
| Other Liabilities | 0.59 | 4.29 | 2.49 | 2.34 | 7.99 | 3.18 | 1.97 | 3.15 | 2.92 | 1.83 |
| Total Liabilities | 4.62 | 37.88 | 38.67 | 49.91 | 387.19 | 134.11 | 32.49 | 30.94 | 44.75 | 33.86 |
| Fixed Assets | 0.86 | 23.2 | 23.17 | 28.34 | 30.9 | 26.29 | 23.98 | 22.05 | 20.07 | 18.37 |
| CWIP | 0 | 0 | 2.43 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1.15 | 1.15 | 1.15 | 0 | 253.34 | 0.34 | 0 | 0 | 0 | 0 |
| Other Assets | 2.61 | 13.53 | 11.92 | 21.57 | 102.95 | 107.48 | 8.51 | 8.89 | 24.68 | 15.49 |
| Total Assets | 4.62 | 37.88 | 38.67 | 49.91 | 387.19 | 134.11 | 32.49 | 30.94 | 44.75 | 33.86 |

### Cash Flow

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

| Item | Mar 2007 | Aug 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | — | — | -3.95 | -2.85 | -19.95 | -0.46 | -17.43 | -0.41 |
| Cash from Investing Activity | — | — | — | — | -325.82 | 1.26 | -3.78 | 0.42 | 1.56 | 1.22 |
| Cash from Financing Activity | — | — | — | — | 330.23 | 1.58 | 23.79 | -0.03 | 16.09 | -4.06 |
| Net Cash Flow | — | — | — | — | 0.46 | -0.01 | 0.06 | -0.07 | 0.22 | -3.25 |
| Free Cash Flow | — | — | — | — | -8.96 | -2.92 | -20.1 | -0.46 | -17.62 | 0.51 |
| CFO/OP | — | — | — | — | -57 | -53 | 117 | 45 | 1089 | 5 |

### Ratios

| Item | Mar 2007 | Aug 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 69.27 | 173.39 | 83.25 | 58.08 | 73.24 | 67.59 | 1.23 | 3.58 | 120.56 | 144 |
| Inventory Days | — | — | 78.54 | 35.93 | 69.85 | 69.63 | 17.18 | 76.65 | 160.31 | 32.33 |
| Days Payable | — | — | 36.05 | 5.33 | 10.66 | 3.94 | 2.19 | 36.04 | 45.1 | 23 |
| Cash Conversion Cycle | 69.27 | 173.39 | 125.74 | 88.68 | 132.43 | 133.28 | 16.23 | 44.19 | 235.77 | 153.33 |
| Working Capital Days | 110.22 | 194.22 | 166.87 | 108.04 | 122.66 | 131.14 | 8.23 | 8.43 | 280.62 | 188.43 |
| ROCE % | 11.03 | 4.47 | — | 16.24 | 2.92 | 0.93 | -23.87 | -9.12 | -5.86 | -26.46 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Dec 2017 |
| --- | --- | --- |
| Promoters | 30.98% | 30.98% |
| DIIs | 0.84% | 0.84% |
| Public | 68.19% | 68.19% |
| No. of Shareholders | 13571 | 13570 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 37.89% | 37.89% | 37.89% | 30.98% | 30.98% | 30.98% | 30.98% |
| FIIs | 0.84% | 0.84% | 0.84% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0.84% | 0.84% | 0.84% | 0.84% |
| Public | 61.28% | 61.28% | 61.28% | 68.19% | 68.19% | 68.19% | 68.19% |
| No. of Shareholders | 13457 | 13571 | 13571 | 13571 | 13570 | 13570 | 13570 |

## Technical Indicators

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

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 6 / 4

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 25.22 | Buy |
| EMA (10) | 25.49 | Buy |
| SMA (20) | 24.61 | Buy |
| EMA (20) | 24.82 | Buy |
| SMA (50) | 24.2 | Buy |
| EMA (50) | 24.86 | Buy |
| SMA (100) | 26.53 | Sell |
| EMA (100) | 26.13 | Buy |
| SMA (200) | 28.8 | Sell |
| EMA (200) | 29.75 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.73 | Neutral |
| MACD (12,26,9) | 0.64 | Buy |
| Stochastic (14,3,3) | 84.73 | Sell |
| ADX (14) | 10.49 | Neutral |
| Williams %R (14) | -42.05 | Neutral |
| ATR (14) | 1.59 | High Volatility |
| ROC (12) | 3.75 | Buy |
| Stoch RSI (14) | 54.95 | Neutral |
| UO (7,14,28) | 51.18 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_910_FARMAXIND_2012_2013_20092013150945.zip) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport//5900940316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/bseplus/AnnualReport//5900940315.pdf) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/bseplus/AnnualReport//5900940314.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/bseplus/AnnualReport//5900940313.pdf) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/bseplus/AnnualReport//5900940312.pdf) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/bseplus/AnnualReport//5900940311.pdf) |
| from bse | [Annual Report 2010 from bse](https://www.bseindia.com/bseplus/AnnualReport//5900940310.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 2026-09-13T19:22:06.140Z.