---
title: "Upsurge Seeds of Agriculture Ltd (USASEEDS) — Share Price, Financials & Analysis"
symbol: "USASEEDS"
company: "Upsurge Seeds of Agriculture Ltd"
canonical: "https://tapetide.com/stocks/USASEEDS"
isin: "INE0CBM01019"
nse_symbol: "USASEEDS"
sector: "Fast Moving Consumer Goods"
industry: "Agricultural Food & other Products"
market_cap_cr: 87.74
generated_at: "2026-09-13T18:47:31.394Z"
---

# Upsurge Seeds of Agriculture Ltd (USASEEDS)

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

## Company

- **NSE Symbol:** USASEEDS
- **ISIN:** INE0CBM01019
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Agricultural Food & other Products
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Listed Since:** 2022-08-11
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** usaseedslimited.com

## About

Incorporated in 2017, Upsurge Seeds of Agriculture Ltd is enagaged in agricultural activites of production of seeds on lease 
hold land[1]

## Latest Price

- **Price:** ₹90.3
- **Change:** -0.2 (-0.22%)
- **Open:** ₹87
- **Day High:** ₹90.3
- **Day Low:** ₹87
- **Previous Close:** ₹90.5
- **Volume:** 1284
- **As Of:** 2026-09-11T09:49:28+00:00

## Key Fundamentals

Observed at 2026-09-11T04:34:54.807695Z.

- **Market Cap:** ₹87.74 Cr
- **Classification:** SME
- **P/E (reported):** 12.2
- **Book Value:** ₹61.47
- **Price to Book:** 1.47
- **Dividend Yield:** 0%
- **ROE:** 15.79%
- **ROCE:** 20.18%
- **Debt to Equity:** 0.87
- **Revenue (yearly):** ₹110.44 Cr
- **Net Income:** ₹7.41 Cr
- **EBITDA:** ₹14.13 Cr
- **52-Week High:** ₹282.65
- **52-Week Low:** ₹76.5
- **RSI (14):** 46.97

## Tapetide Score

- **Score:** 49 / 100
- **Score date:** 2026-07-01
- **Archetype:** Out of Favour
- **What it means:** Financially sound, yet the market is not rewarding it. Cases like this usually need a specific reason the pessimism is misplaced, and patience for that reason to play out.
- **Pillar profile:** Quality: Good · Valuation: Fair · Momentum: Falling
- **Percentile:** 47.4 (of 4235 scored stocks)
- **Confidence:** 92%
- **Data coverage:** 83%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 21.54 | 15% |
| growth | 40.86 | 15% |
| momentum | 35.84 | 15% |
| ownership | 50 | 10% |
| quality | 72.11 | 25% |
| valuation | 57.29 | 20% |

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

## Key Insights

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 117.14% | 156.84% | — |
| ebitda margin growth | 24.12% | 27.35% | 316.99% |
| net income growth | 1.51% | 16% | 58% |
| revenue growth | -17.09% | 10% | 12% |
| roce | 18.57% | -45.55% | 22.72% |
| roe | 28.58% | 21.16% | -33.6% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 33 | 42 | 30 | 53 | 73 | 60 | 51 | 86 | 47 | 64 |
| Expenses | 33 | 38 | 28 | 46 | 68 | 51 | 45 | 77 | 41 | 55 |
| Operating Profit | 1 | 5 | 1 | 7 | 5 | 9 | 6 | 9 | 6 | 8 |
| OPM % | 2 | 11 | 4.2 | 13 | 7 | 14 | 12 | 10 | 13 | 13 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 1 | 2 | 2 | 3 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 0 | 4 | 0 | 5 | 3 | 5 | 3 | 6 | 3 | 5 |
| Tax % | 58 | 4 | 46 | 6 | 6 | 0 | 8 | 3 | 8 | 4 |
| Net Profit | 0 | 4 | 0 | 5 | 3 | 5 | 3 | 6 | 3 | 5 |
| EPS in Rs | 0.14 | 5.22 | 0.14 | 4.57 | 2.65 | 4.89 | 2.56 | 5.85 | 2.51 | 4.9 |

### Profit & Loss

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 8 | 18 | 63 | 76 | 83 | 133 | 137 | 110 |
| Expenses | 7 | 17 | 61 | 70 | 75 | 119 | 122 | 96 |
| Operating Profit | 0 | 1 | 2 | 6 | 8 | 13 | 15 | 14 |
| OPM % | 5 | 3.6 | 2.6 | 7 | 10 | 10 | 11 | 13 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 1 | 2 | 4 | 4 | 4 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 2 |
| Profit before tax | 0 | 0 | 1 | 4 | 5 | 8 | 9 | 8 |
| Tax % | 25 | 24 | 21 | 7 | 8 | 7 | 4 | 5 |
| Net Profit | 0 | 0 | 1 | 4 | 5 | 7 | 8 | 7 |
| EPS in Rs | 3.14 | 3.14 | 3.04 | 5.35 | 4.71 | 7.18 | 8.41 | 7.42 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.5 | 0.5 | 2 | 5 | 7 | 7 | 7 | 10 |
| Reserves | 0 | 0 | 1 | 6 | 32 | 39 | 47 | 52 |
| Borrowings | 2 | 4 | 5 | 15 | 49 | 48 | 54 | 54 |
| Other Liabilities | 0 | 3 | 10 | 15 | 15 | 12 | 9 | 4 |
| Total Liabilities | 3 | 8 | 18 | 41 | 102 | 106 | 118 | 120 |
| Fixed Assets | 1 | 2 | 5 | 6 | 11 | 18 | 17 | 16 |
| CWIP | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1 | 5 | 13 | 34 | 91 | 88 | 101 | 104 |
| Total Assets | 3 | 8 | 18 | 41 | 102 | 106 | 118 | 120 |

### Cash Flow

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

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | — | 0 | 2 | -13 | -43 | 7 | -1 | 6 |
| Cash from Investing Activity | — | -3 | -2 | -2 | -6 | -8 | -1 | -1 |
| Cash from Financing Activity | — | 2 | 1 | 14 | 55 | -5 | 2 | -5 |
| Net Cash Flow | — | 0 | 1 | -1 | 6 | -6 | 0 | 0 |
| Free Cash Flow | — | -2 | 0 | -15 | -48 | -1 | -3 | 5 |
| CFO/OP | — | 77 | 104 | -227 | -511 | 59 | -4 | 45 |

### Ratios

| Item | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 40 | 48 | 42 | 15 | 41 | 7 | 13 | 25 |
| Inventory Days | 29 | 41 | 27 | 189 | 506 | 285 | 409 | 413 |
| Days Payable | 7 | 65 | 71 | 82 | 80 | 17 | 26 | 1 |
| Cash Conversion Cycle | 62 | 24 | -2 | 121 | 468 | 275 | 396 | 437 |
| Working Capital Days | -13 | -17 | 1 | 32 | 112 | 112 | 140 | 192 |
| ROCE % | — | 14 | 20 | 29 | 13 | 13 | 13 | 11 |

## Shareholding Pattern

### Quarterly

| Category | Sep 2022 | Dec 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 70.82% | 70.82% | 71.15% | 71.15% | 71.15% | 71.15% | 71.15% | 71.15% | 71.15% | 71.15% | 71.15% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 26.15% | 26.95% | 26.88% | 27.15% | 27.04% | 27.04% | 27.06% | 27.24% | 27.28% | 27.27% | 27.27% |
| Others | 3.03% | 2.23% | 1.98% | 1.71% | 1.82% | 1.82% | 1.79% | 1.62% | 1.57% | 1.59% | 1.59% |
| No. of Shareholders | 671 | 653 | 598 | 786 | 854 | 854 | 912 | 897 | 870 | 878 | 891 |

## Technical Indicators

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

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 5 / 13

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 92.81 | Sell |
| EMA (10) | 92.05 | Sell |
| SMA (20) | 92.74 | Sell |
| EMA (20) | 92.15 | Sell |
| SMA (50) | 92.53 | Sell |
| EMA (50) | 94.89 | Sell |
| SMA (100) | 102.25 | Sell |
| EMA (100) | 104.7 | Sell |
| SMA (200) | 132.04 | Sell |
| EMA (200) | 118.88 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 46.81 | Neutral |
| MACD (12,26,9) | -0.14 | Sell |
| Stochastic (14,3,3) | 43.78 | Neutral |
| ADX (14) | 15.72 | Neutral |
| Williams %R (14) | -60.67 | Neutral |
| ATR (14) | 4.58 | High Volatility |
| ROC (12) | -2.01 | Sell |
| Stoch RSI (14) | 12.84 | Buy |
| UO (7,14,28) | 71.32 | Sell |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Sep - Board approved FY26 report, AGM notice, and 30 Sept 2026 AGM schedule. | [Outcome of Board Meeting 9 Sep - Board approved FY26 report, AGM notice, and 30 Sept 2026 AGM schedule.](https://nsearchives.nseindia.com/corporate/USAL_09092026232121_USAoutcomeBM.pdf) |
| 9 Sep - 9th AGM on 30 September 2026; e-voting from 27-29 September, book closure 23-29 September. | [Copy of Newspaper Publication 9 Sep - 9th AGM on 30 September 2026; e-voting from 27-29 September, book closure 23-29 September.](https://nsearchives.nseindia.com/corporate/USAL_09092026232920_USAnewspaper.pdf) |
| 9 Sep - 9th AGM on 30 Sep 2026; seeks approval for related-party transactions up to Rs.150 crore and auditor appointment. | [Shareholders meeting 9 Sep - 9th AGM on 30 Sep 2026; seeks approval for related-party transactions up to Rs.150 crore and auditor appointment.](https://nsearchives.nseindia.com/corporate/USAL_09092026232321_USAnotice.pdf) |
| 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/USAL_07042026212605_USASEEDS07042026.pdf) |
| 31 Aug - M/s. R.B.GOHIL & CO. resigned as statutory auditor effective 31 August 2026 due to preoccupation. | [Resignation 31 Aug - M/s. R.B.GOHIL & CO. resigned as statutory auditor effective 31 August 2026 due to preoccupation.](https://nsearchives.nseindia.com/corporate/USAL_31082026202831_USASIGNED.pdf) |
| 30 May - Submitted SDD compliance certificate for quarter ended 31 March 2026; no non-compliance reported. | [Structural Digital Database 30 May - Submitted SDD compliance certificate for quarter ended 31 March 2026; no non-compliance reported.](https://nsearchives.nseindia.com/corporate/USAL_30052026191804_USASDDsigned.pdf) |
| 30 Jul - RTA certificate under Regulation 74(5) for quarter ended June 30, 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 30 Jul - RTA certificate under Regulation 74(5) for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/USAL_30072026230204_USA7430062026.pdf) |
| 30 January 2026 - Confirmation that securities dematerialised in quarter ended 31-Dec-2025 were processed and certificates cancelled. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 30 January 2026 - Confirmation that securities dematerialised in quarter ended 31-Dec-2025 were processed and certificates cancelled.](https://nsearchives.nseindia.com/corporate/USAL_30012026211331_Regulation74.pdf) |
| 3 Sep - M/s. D M A A AND ASSOCIATES resigned as internal auditor effective 2 September 2026. | [Resignation 3 Sep - M/s. D M A A AND ASSOCIATES resigned as internal auditor effective 2 September 2026.](https://nsearchives.nseindia.com/corporate/USAL_03092026163030_USAinternalAuditor.pdf) |
| 28 May - Board approved audited FY2026 results on May 28, 2026; auditor gave unmodified opinion. | [Outcome of Board Meeting 28 May - Board approved audited FY2026 results on May 28, 2026; auditor gave unmodified opinion.](https://nsearchives.nseindia.com/corporate/USAL_28052026170908_USAoutcomeBMFR31032026.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_32021_USASEEDS_2025_2026_A_20843417_09092026232844.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_27845_USASEEDS_2024_2025_A_6589712_28082025203436.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_26215_USASEEDS_2023_2024_09092024105922.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23774_USASEEDS_2022_2023_07092023174344_09072023180030.zip) |

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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 2026-09-13T18:47:31.394Z.