---
title: "Srivari Spices & Foods Ltd (SSFL) — Share Price, Financials & Analysis"
symbol: "SSFL"
company: "Srivari Spices & Foods Ltd"
canonical: "https://tapetide.com/stocks/SSFL"
isin: "INE0ON201012"
nse_symbol: "SSFL"
sector: "Fast Moving Consumer Goods"
industry: "Food Products"
market_cap_cr: 264.23
generated_at: "2026-09-13T18:47:49.044Z"
---

# Srivari Spices & Foods Ltd (SSFL)

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

## Company

- **NSE Symbol:** SSFL
- **ISIN:** INE0ON201012
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Food Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2023-08-18
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** srivarispices.com

## About

Incorporated in 2019, Srivari Spices & Foods 
Ltd is in the business of selling food and food related products[1]

## Latest Price

- **Price:** ₹313.65
- **Change:** +13.7 (+4.57%)
- **Open:** ₹299.9
- **Day High:** ₹314.9
- **Day Low:** ₹299.9
- **Previous Close:** ₹299.95
- **Volume:** 25000
- **As Of:** 2026-09-11T09:58:15+00:00

## Key Fundamentals

Observed at 2026-09-11T04:45:38.368579Z.

- **Market Cap:** ₹264.23 Cr
- **Classification:** SME
- **P/E (reported):** 15.8
- **Book Value:** ₹86.86
- **Price to Book:** 3.45
- **Dividend Yield:** 0.17%
- **ROE:** 16.17%
- **ROCE:** 24.52%
- **Debt to Equity:** 0.45
- **Revenue (yearly):** ₹174.42 Cr
- **Net Income:** ₹16.06 Cr
- **EBITDA:** ₹29.78 Cr
- **52-Week High:** ₹299.95
- **52-Week Low:** ₹86
- **RSI (14):** 70.64

## Tapetide Score

- **Score:** 64 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 95.6 (of 4473 scored stocks)
- **Confidence:** 88%
- **Data coverage:** 76%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 68.23 | 9% |
| growth | 95.67 | 9% |
| momentum | 98.9 | 12% |
| ownership | 67.25 | 24% |
| quality | 80.09 | 22% |
| valuation | 43.41 | 24% |

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

## Key Insights

### Strengths

- Company has delivered good profit growth of 115% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.4%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 76.7% | -6.03% | -2.46% |
| ebitda margin growth | 5.98% | 4.23% | — |
| net income growth | 69.05% | 74% | 115% |
| revenue growth | 53.13% | 69% | 72% |
| roce | -41.02% | -41.02% | — |
| roe | -44.85% | 22.75% | — |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2022 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 12 | 31 | 47 | 53 | 59 | 76 | 96 |
| Expenses | 11 | 26 | 40 | 44 | 50 | 63 | 79 |
| Operating Profit | 1 | 5 | 7 | 9 | 10 | 13 | 16 |
| OPM % | 10 | 17 | 16 | 17 | 16 | 18 | 17 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 1 | 1 | 1 | 1 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Profit before tax | 1 | 4 | 6 | 7 | 7 | 10 | 13 |
| Tax % | 28 | 32 | 29 | 28 | 34 | 29 | 30 |
| Net Profit | 1 | 3 | 4 | 5 | 5 | 7 | 9 |
| EPS in Rs | 1.12 | 3.03 | 5.15 | 5.73 | 5.61 | 8.32 | 10.55 |

### Profit & Loss

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 11 | 18 | 36 | 78 | 107 | 172 |
| Expenses | 0 | 11 | 16 | 30 | 65 | 88 | 142 |
| Operating Profit | 0 | 1 | 2 | 6 | 13 | 18 | 30 |
| OPM % | -11 | 7 | 9 | 16 | 16 | 17 | 17 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 1 | 2 | 2 | 4 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 2 | 4 |
| Profit before tax | 0 | 0 | 1 | 4 | 10 | 14 | 23 |
| Tax % | 0 | 28 | 28 | 27 | 30 | 31 | 30 |
| Net Profit | 0 | 0 | 1 | 3 | 7 | 10 | 16 |
| EPS in Rs | -0.35 | 0.73 | 1.52 | 5.15 | 8.17 | 11.34 | 18.87 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 4 | 0 |

### Balance Sheet

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 2 | 4 | 4 | 5 | 7 | 9 | 9 |
| Reserves | 0 | 0 | 1 | 4 | 17 | 50 | 66 |
| Borrowings | 0 | 0 | 3 | 13 | 19 | 17 | 34 |
| Other Liabilities | 0 | 2 | 3 | 4 | 12 | 7 | 13 |
| Total Liabilities | 2 | 6 | 11 | 26 | 55 | 82 | 122 |
| Fixed Assets | 2 | 3 | 4 | 5 | 6 | 21 | 18 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1 | 3 | 6 | 21 | 49 | 61 | 104 |
| Total Assets | 2 | 6 | 11 | 26 | 55 | 82 | 122 |

### Cash Flow

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

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 0 | -1 | -9 | -11 | -3 | -14 |
| Cash from Investing Activity | — | -2 | -2 | -1 | -2 | -17 | 0 |
| Cash from Financing Activity | — | 2 | 3 | 10 | 12 | 20 | 14 |
| Net Cash Flow | — | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | — | -2 | -3 | -10 | -12 | -20 | -15 |
| CFO/OP | — | -11 | -62 | -150 | -76 | 25 | -44 |

### Ratios

| Item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 54 | 86 | 117 | 86 | 102 | 122 |
| Inventory Days | 146 | 41 | 49 | 121 | 186 | 122 | 138 |
| Days Payable | 1022 | 78 | 57 | 36 | 51 | 11 | 19 |
| Cash Conversion Cycle | -876 | 17 | 78 | 202 | 221 | 213 | 241 |
| Working Capital Days | -154 | 24 | 27 | 83 | 106 | 140 | 132 |
| ROCE % | — | 15 | 19 | 34 | 37 | 28 | 29 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 69.94% | 69.94% | 69.94% | 58.28% | 58.28% | 58.28% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0.2% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 1.35% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 21.49% | 27.25% | 26% | 35.76% | 33.52% | 30.74% |
| Others | 8.57% | 2.81% | 4.07% | 5.96% | 8.2% | 9.43% |
| No. of Shareholders | 312 | 547 | 890 | 1741 | 1712 | 1610 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 275.29 | Buy |
| EMA (10) | 279.18 | Buy |
| SMA (20) | 255.95 | Buy |
| EMA (20) | 266.13 | Buy |
| SMA (50) | 258 | Buy |
| EMA (50) | 249.02 | Buy |
| SMA (100) | 211.18 | Buy |
| EMA (100) | 222.07 | Buy |
| SMA (200) | 167.78 | Buy |
| EMA (200) | 193.37 | Buy |

### Oscillators — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 74.09 | Sell |
| MACD (12,26,9) | 13.38 | Buy |
| Stochastic (14,3,3) | 98.19 | Sell |
| ADX (14) | 18.82 | Neutral |
| Williams %R (14) | -1.47 | Sell |
| ATR (14) | 13.2 | High Volatility |
| ROC (12) | 29.85 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 71.89 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Dispatch of 07th AGM notice and remote e-voting details; AGM on 30 September 2026. | [Copy of Newspaper Publication 9 Sep - Dispatch of 07th AGM notice and remote e-voting details; AGM on 30 September 2026.](https://nsearchives.nseindia.com/corporate/SRIVARI_09092026133438_NSE_INTIMATION_Newspaper_DSC.pdf) |
| 9 April 2026 - Promoters disclosed no share encumbrance for FY 2025-26 on 09/04/2026. | [Updates 9 April 2026 - Promoters disclosed no share encumbrance for FY 2025-26 on 09/04/2026.](https://nsearchives.nseindia.com/corporate/SRIVARI_09042026180120_Encumbrance_202526.pdf) |
| 8 Sep - 7th AGM on 30 September 2026 to adopt FY26 accounts and appoint two independent directors. | [Shareholders meeting 8 Sep - 7th AGM on 30 September 2026 to adopt FY26 accounts and appoint two independent directors.](https://nsearchives.nseindia.com/corporate/SRIVARI_08092026173727_NSE_INTIMATION_NOTICE_OF_AGM_08092026.pdf) |
| 5 Sep - Board approved FY26 Directors’ Report and AGM on 30 September 2026 at Hyderabad. | [Outcome of Board Meeting 5 Sep - Board approved FY26 Directors’ Report and AGM on 30 September 2026 at Hyderabad.](https://nsearchives.nseindia.com/corporate/SRIVARI_05092026144543_Outcome_of_BM.pdf) |
| 5 Sep - 07th AGM scheduled for 30 Sep 2026; notice dispatch, e-voting dates, and scrutinizer appointed. | [Shareholders meeting 5 Sep - 07th AGM scheduled for 30 Sep 2026; notice dispatch, e-voting dates, and scrutinizer appointed.](https://nsearchives.nseindia.com/corporate/SRIVARI_05092026145825_Intimation_of_AGM.pdf) |
| 5 Jun - Outcome of 5 June 2026 investor meeting with GreenPortfolio Group; no unpublished price-sensitive information shared. | [Analysts/Institutional Investor Meet/Con. Call Updates 5 Jun - Outcome of 5 June 2026 investor meeting with GreenPortfolio Group; no unpublished price-sensitive information shared.](https://nsearchives.nseindia.com/corporate/SRIVARI_05062026194413_OutcomeInvestor_Meet05062026.pdf) |
| 30 May - Board approved audited standalone and consolidated FY2026 results with unmodified audit opinion. | [Outcome of Board Meeting 30 May - Board approved audited standalone and consolidated FY2026 results with unmodified audit opinion.](https://nsearchives.nseindia.com/corporate/SRIVARI_30052026164900_Outcome_finalsign.pdf) |
| 30 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no demat requests received. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 30 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026; no demat requests received.](https://nsearchives.nseindia.com/corporate/SRIVARI_30072026152717_Reg74_5__Certificate_30062026.pdf) |
| 29 May 2026 - Submitted SDD compliance certificate for FY ended 31 March 2026. | [Structural Digital Database 29 May 2026 - Submitted SDD compliance certificate for FY ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/SRIVARI_29052026164531_SDD_31032026.pdf) |
| 28 March 2026 - Independent Directors met 28 Mar 2026; evaluated board, chair; outcome 'satisfactory'. | [Updates 28 March 2026 - Independent Directors met 28 Mar 2026; evaluated board, chair; outcome 'satisfactory'.](https://nsearchives.nseindia.com/corporate/SRIVARI_28032026185108_Outcome.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31895_SSFL_2025_2026_A_21107282_08092026180709.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28865_SSFL_2024_2025_A_26911024_06092025234325.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26274_SSFL_2023_2024_01102024194736.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23817_SSFL_2022_2023_07092023212216_09072023220013.zip) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/SRIVARI_28112025142535_Trancript_NSE_24112025.pdf) |
| Mar 2025 | [Concall - Mar 2025](https://nsearchives.nseindia.com/corporate/SRIVARI_17032025164808_Transcript_NSE_13032025.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/SRIVARI_16062025230333_Transcript_11062025.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://nsearchives.nseindia.com/corporate/SSFL_22072024131000_Investors_Meeting_Transcript_18072024_NSE.pdf) |
| Jan 2024 | [Concall - Jan 2024](https://nsearchives.nseindia.com/corporate/SSFL_02012024102532_IntimationTranscript.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 2026-09-13T18:47:49.044Z.