Company Overview

Srivari Spices & Foods Limited, incorporated on January 29, 2019, transitioned from a Private Limited Company to a Public Company on December 27, 2022. Based in Hyderabad, Srivari Spices & Foods Ltd is a fast-growing FMCG company that started with spice manufacturing and has since expanded its product range to include atta, masalas, oils, and groceries.

The company is committed to delivering fresh, pure, and authentic ingredients to Indian kitchens. It is engaged in the manufacturing of spices and flour (chakki atta), marketing these products primarily in Telangana and Andhra Pradesh. Srivari sources raw materials directly from various regions across India, processing them with meticulous care and without artificial preservatives or chemicals.

Business Model and Operations

Srivari currently offers over 88 Stock Keeping Units (SKUs) under its flagship "Srivari" brand and more than 500 SKUs under its online grocery brand "Poushtik." The Company adopts a direct sourcing model, procuring products directly from farmers nationwide. It markets and sells these products directly to consumers, minimizing intermediaries. Srivari reaches its customers through an extensive network of approximately 15,000 retail stores.

The company has pioneered a unique direct-to-consumer (D2C) model, particularly for its wheat flour products. This D2C approach ensures that its Whole Wheat Sharbati and Regular atta are delivered directly to consumers' doorsteps across Hyderabad and its surrounding areas. Available in 5kg and 10kg packs, customers can conveniently order via WhatsApp or phone, with products typically delivered within three days of placing an order.

Product Portfolio

Srivari's product range encompasses a wide variety of spices, including turmeric, chilli, pepper, cumin, tamarind, asafoetida, bay leaf, clove, cardamom, cinnamon, tulsi leaf, and coriander powder. It also offers blended masalas such as sambar and rasham, kitchen king and sabzi, chole and channa, chat, paneer and curry, pav bhaji, jaljeera, garam, and non-veg masalas. Additionally, the company produces high-quality wheat flour.

The company strategically sources its raw materials from distinct regions across India to guarantee superior quality. For instance, red chillies are sourced from Guntur (Andhra Pradesh), Khammam, Warangal, Raichur, Malakpet, Hyderabad (Telangana), and Byadgi (Karnataka). Coriander is procured from Indore (Madhya Pradesh). Srivari distributes its products through retail stores and suppliers and also engages in exports.

Market Position and Trading Information

Srivari Spices & Foods Ltd is listed and actively trades on the National Stock Exchange (NSE) of India under the stock symbol SSFL. As of July 24, 2025, the company's market capitalization stands at ₹158.30 Crore. The 52-week trading range for SSFL is between ₹138 (low) and ₹368.90 (high).

Financial Performance

Key Financial Metrics:

- Operating Revenue (TTM): ₹192.09 Crore

- Annual Revenue Growth: 45% (Outstanding)

- Pre-tax Margin: 12% (Healthy)

- Return on Equity (ROE): 16% (Good)

- Profit (FY2024): ₹7.03 Crore

- Total Income (FY2024): ₹78.28 Crore

- P/E Ratio: 16.65

- Debt-to-Equity Ratio: 13% (Reasonable, signaling a healthy balance sheet)

For the financial year ended 2023, the company demonstrated significant financial growth, with a 103.04% increase in revenue and a 320.21% surge in profit.

Recent Corporate Developments

The Board of Directors, in their meeting held on May 30, 2025, recommended a final dividend of ₹0.5 per equity share (5%), subject to shareholder approval. On July 15, 2025, Independent Director Mr. Venkata Srinivasan Kodakalla resigned from the board and its committees, effective July 14, 2025.

The company is actively pursuing operational expansion, undertaking capacity additions and adhering to various regulatory compliances, as regularly communicated to the stock exchanges.

Shareholding Pattern

As of March 2025, the promoter holding in Srivari Spices & Foods Ltd has decreased to 58.28% from 69.94% as of March 2024. This reduction in promoter stake may indicate stake dilution, potentially through public offerings or employee stock allocations.

Investment Considerations

Srivari Spices & Foods Ltd operates within the burgeoning FMCG sector, with a strategic focus on essential food products like spices and flour. From a technical perspective, the stock is currently trading below its 200-day moving average (200DMA) and requires breaking these levels to achieve significant upward movement.

Fundamentally, the company exhibits strong metrics, including healthy margins and good return ratios. However, investors should remain mindful of recent volatility in its share price performance. Srivari Spices & Foods represents an emerging player in India's traditional spices and flour market, distinguished by its modern direct-to-consumer model and a commitment to quality sourcing directly from farmers across the nation.