---
title: "Italian Edibles Ltd (ITALIANE) — Share Price, Financials & Analysis"
symbol: "ITALIANE"
company: "Italian Edibles Ltd"
canonical: "https://tapetide.com/stocks/ITALIANE"
isin: "INE0R7R01018"
nse_symbol: "ITALIANE"
sector: "Food Products"
industry: "Packaged Foods"
market_cap_cr: 44.11
generated_at: "2026-09-13T20:37:47.322Z"
---

# Italian Edibles Ltd (ITALIANE)

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

## Company

- **NSE Symbol:** ITALIANE
- **ISIN:** INE0R7R01018
- **Sector:** Food Products
- **Industry:** Packaged Foods
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2024-02-12
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** ofcoursegroup.com

## About

Incorporated in 2009, Italian Edibles Ltd is engaged in manufacturing and sale of confectionery items.[1]

## Latest Price

- **Price:** ₹31
- **Change:** +0.15 (+0.49%)
- **Open:** ₹29.85
- **Day High:** ₹31
- **Day Low:** ₹29.35
- **Previous Close:** ₹30.85
- **Volume:** 12000
- **As Of:** 2026-09-11T09:43:55+00:00

## Key Fundamentals

Observed at 2026-09-11T04:47:02.213190Z.

- **Market Cap:** ₹44.11 Cr
- **Classification:** SME
- **P/E (reported):** 11.3
- **Book Value:** ₹32.33
- **Price to Book:** 0.95
- **Dividend Yield:** 0.32%
- **ROE:** 8.43%
- **ROCE:** 12.35%
- **Debt to Equity:** 0.79
- **Revenue (yearly):** ₹99.8 Cr
- **Net Income:** ₹4 Cr
- **EBITDA:** ₹8.3 Cr
- **52-Week High:** ₹49
- **52-Week Low:** ₹24.05
- **RSI (14):** 43.28

## Tapetide Score

- **Score:** 49 / 100
- **Score date:** 2026-09-04
- **Archetype:** No Dominant Pattern
- **What it means:** The three pillars do not combine into a recognisable pattern. Read them individually rather than looking for one story — the lack of a pattern is itself the finding.
- **Pillar profile:** Quality: Average · Valuation: Fair · Momentum: Falling
- **Percentile:** 43.6 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 36.02 | 9% |
| growth | 61.68 | 9% |
| momentum | 40.99 | 12% |
| ownership | 50 | 24% |
| quality | 50.71 | 22% |
| valuation | 50.46 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Stock is trading at 0.96 times its book value

### Weaknesses

- Company has a low return on equity of 9.06% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 79.79% | -245.49% | -375.61% |
| ebitda margin growth | 0.36% | -23.3% | 42.91% |
| net income growth | 33.33% | 14% | 36% |
| revenue growth | 17.41% | 16% | 15% |
| roce | -18.54% | -11.53% | 20.01% |
| roe | 21.47% | 7.65% | -14.42% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 32.11 | 36.1 | 37.52 | 41.95 | 43.02 | 45.84 | 53.69 |
| Expenses | 28.28 | 32.03 | 33.71 | 37.77 | 40.13 | 40.94 | 50.51 |
| Operating Profit | 3.83 | 4.07 | 3.81 | 4.18 | 2.89 | 4.9 | 3.18 |
| OPM % | 11.93 | 11.27 | 10.15 | 9.96 | 6.72 | 10.69 | 5.92 |
| Other Income | 0.02 | 0.04 | -0.36 | 0.02 | 0 | 0.02 | 0.24 |
| Interest | 0.98 | 0.75 | 1.36 | 0.99 | 1.06 | 1.18 | 1.71 |
| Depreciation | 0.89 | 0.67 | 0.67 | 0.55 | -0.34 | 0.19 | 0.2 |
| Profit before tax | 1.98 | 2.69 | 1.42 | 2.66 | 2.17 | 3.55 | 1.51 |
| Tax % | 20.2 | 31.97 | 11.27 | 25.56 | 50.69 | 24.51 | 10.6 |
| Net Profit | 1.59 | 1.83 | 1.26 | 1.98 | 1.07 | 2.68 | 1.35 |
| EPS in Rs | — | 1.69 | 0.85 | 1.34 | 0.72 | 1.81 | 0.91 |

### Profit & Loss

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 48.9 | 75.34 | 63.07 | 73.53 | 84.93 | 99.47 |
| Expenses | 45.25 | 70.74 | 56.06 | 65.43 | 77.74 | 91.27 |
| Operating Profit | 3.65 | 4.6 | 7.01 | 8.1 | 7.19 | 8.2 |
| OPM % | 7.46 | 6.11 | 11.11 | 11.02 | 8.47 | 8.24 |
| Other Income | 0.09 | -0.15 | 0.09 | -0.31 | 0.02 | 0.26 |
| Interest | 1.64 | 1.73 | 1.89 | 2.34 | 2.18 | 3.01 |
| Depreciation | 0.98 | 1.35 | 1.78 | 1.33 | 0.21 | 0.39 |
| Profit before tax | 1.12 | 1.37 | 3.43 | 4.12 | 4.82 | 5.06 |
| Tax % | 23.21 | 42.34 | 23.62 | 24.76 | 36.72 | 20.36 |
| Net Profit | 0.87 | 0.8 | 2.62 | 3.1 | 3.05 | 4.03 |
| EPS in Rs | — | — | — | 2.1 | 2.06 | 2.73 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1.5 | 1.71 | 1.71 | 14.78 | 14.78 | 14.78 |
| Reserves | 4.34 | 6.43 | 9.5 | 26.06 | 29.11 | 32.99 |
| Borrowings | 24.93 | 18.15 | 17.31 | 17.2 | 20.57 | 37.62 |
| Other Liabilities | 8.69 | 12.77 | 13.04 | 12.37 | 15.08 | 22.64 |
| Total Liabilities | 39.46 | 39.06 | 41.56 | 70.41 | 79.54 | 108.03 |
| Fixed Assets | 5.5 | 5.03 | 3.58 | 10.37 | 7.42 | 7.26 |
| CWIP | 1.22 | 1.06 | 1.07 | 0 | 0.95 | 12.62 |
| Investments | 0.01 | 0.01 | 0 | 0 | 0 | 0 |
| Other Assets | 32.73 | 32.96 | 36.91 | 60.04 | 71.17 | 88.15 |
| Total Assets | 39.46 | 39.06 | 41.56 | 70.41 | 79.54 | 108.03 |

### Cash Flow

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | — | 2.33 | -16.77 | -3.39 | -1.84 |
| Cash from Investing Activity | — | — | 0.27 | -7.04 | 1.79 | -11.89 |
| Cash from Financing Activity | — | — | -2.69 | 24.26 | 1.32 | 14.02 |
| Net Cash Flow | — | — | -0.08 | 0.45 | -0.28 | 0.29 |
| Free Cash Flow | — | — | 1.99 | -23.81 | -4.6 | -13.74 |
| CFO/OP | — | — | 37 | -192 | -28 | -7 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 56.65 | 37.64 | 41.84 | 53.11 | 41.77 | 42.9 |
| Inventory Days | 165.08 | 171.06 | 255.45 | 326.49 | 309.06 | 318.88 |
| Days Payable | 71.31 | 89.5 | 116.68 | 78.69 | 75.23 | 99.29 |
| Cash Conversion Cycle | 150.43 | 119.21 | 180.61 | 300.92 | 275.6 | 262.48 |
| Working Capital Days | 10.45 | 32.75 | 35.19 | 141.27 | 122.66 | 111.81 |
| ROCE % | — | 11.53 | 19.41 | 15.87 | 11.43 | 10.65 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Promoters | 73.47% | 73.47% | 73.47% | 73.47% | 73.47% |
| FIIs | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% |
| Public | 23.74% | 24.04% | 24.48% | 24.84% | 24.55% |
| Others | 2.79% | 2.49% | 2.04% | 1.69% | 1.98% |
| No. of Shareholders | 1494 | 1415 | 1411 | 1379 | 1233 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 2 / 5 / 12

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 32.44 | Sell |
| EMA (10) | 31.97 | Sell |
| SMA (20) | 32.37 | Sell |
| EMA (20) | 32.34 | Sell |
| SMA (50) | 33.25 | Sell |
| EMA (50) | 33.24 | Sell |
| SMA (100) | 36.05 | Sell |
| EMA (100) | 33.91 | Sell |
| SMA (200) | 33.73 | Sell |
| EMA (200) | 34.61 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 43.9 | Neutral |
| MACD (12,26,9) | -0.44 | Sell |
| Stochastic (14,3,3) | 16.56 | Buy |
| ADX (14) | 12.28 | Neutral |
| Williams %R (14) | -75.56 | Neutral |
| ATR (14) | 1.36 | High Volatility |
| ROC (12) | -10.14 | Sell |
| Stoch RSI (14) | 12.25 | Buy |
| UO (7,14,28) | 45.77 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 5 Sep - Newspaper publication for 16th AGM on September 28, 2026; annual report dispatched and e-voting enabled. | [Copy of Newspaper Publication 5 Sep - Newspaper publication for 16th AGM on September 28, 2026; annual report dispatched and e-voting enabled.](https://nsearchives.nseindia.com/corporate/ITALIANEDIBLES_05092026130016_Post_dispatch_NP.pdf) |
| 5 Jun - Akshay Makhija has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. | [Disclosure under SEBI Takeover Regulations 5 Jun - Akshay Makhija has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.](https://nsearchives.nseindia.com/corporate/team_bbodade_21052026182651_ITALIANE.pdf) |
| 4 Sep - 16th AGM on September 28, 2026; shareholder approval sought for material related party transactions with Nutrabella Foods LLP. | [Shareholders meeting 4 Sep - 16th AGM on September 28, 2026; shareholder approval sought for material related party transactions with Nutrabella Foods LLP.](https://nsearchives.nseindia.com/corporate/ITALIANEDIBLES_04092026131642_AGM_notice.pdf) |
| 4 Sep - 16th AGM on September 28, 2026; annual report FY 2025-26 and e-voting dates shared. | [General Updates 4 Sep - 16th AGM on September 28, 2026; annual report FY 2025-26 and e-voting dates shared.](https://nsearchives.nseindia.com/corporate/ITALIANEDIBLES_04092026133407_Letters_to_shareholders.pdf) |
| 31 Aug - Italian Edibles Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 31 Aug - Italian Edibles Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/ITALIANE_ROID_97457_KMP_Doc.zip) |
| 31 Aug - Italian Edibles Limited has informed about Resignation of Director/KMP/SMP | [Resignation of Director/KMP/SMP 31 Aug - Italian Edibles Limited has informed about Resignation of Director/KMP/SMP](https://nsearchives.nseindia.com/corporate/ITALIANE_ROID_97464_KMP_Doc.zip) |
| 31 Aug - Board approved FY26 reports, AGM on September 28, 2026, and CS resignation/appointment effective September 1. | [Resignation 31 Aug - Board approved FY26 reports, AGM on September 28, 2026, and CS resignation/appointment effective September 1.](https://nsearchives.nseindia.com/corporate/ITALIANEDIBLES_31082026165004_Outcome_of_Board_Meeting_Italian_-_Signed_.pdf) |
| 31 Aug - Board approved FY26 report, set 16th AGM for September 28, 2026, and named new Company Secretary. | [Change in Company Secretary/Compliance Officer 31 Aug - Board approved FY26 report, set 16th AGM for September 28, 2026, and named new Company Secretary.](https://nsearchives.nseindia.com/corporate/ITALIANEDIBLES_31082026165830_Outcome_of_Board_Meeting_Italian_-_Signed_.pdf) |
| 31 Aug - Board approved FY26 report, AGM on Sep 28, 2026, and CS change: Dhruvi Gandhi resigned; Shikha Jethwa appointed. | [Appointment 31 Aug - Board approved FY26 report, AGM on Sep 28, 2026, and CS change: Dhruvi Gandhi resigned; Shikha Jethwa appointed.](https://nsearchives.nseindia.com/corporate/ITALIANEDIBLES_31082026170252_Outcome_of_Board_Meeting_Italian_-_Signed_.pdf) |
| 3 March 2026 - Postal Ballot Notice published March 03, 2026 in Business Standard and Indore Samachar. | [Copy of Newspaper Publication 3 March 2026 - Postal Ballot Notice published March 03, 2026 in Business Standard and Indore Samachar.](https://nsearchives.nseindia.com/corporate/ITALIANEDIBLES_03032026125237_Nespaper_publication_final.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31358_ITALIANE_2025_2026_A_19509555_04092026132546.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28638_ITALIANE_2024_2025_A_7237955_05092025185157.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_25877_ITALIANE_2023_2024_05092024183857.pdf) |

---

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 2026-09-13T20:37:47.322Z.