Company Overview

Uma Exports Limited, originally incorporated as 'Uma Exports Private Limited' on March 9, 1988, was converted to a public limited company in 2009. The company operates as a business-to-business (B2B) trader specializing in the trading and marketing of agricultural produce and commodities. Its core business involves maintaining stocks and distributing them in bulk quantities to institutional parties, including manufacturers and exporters. Uma Exports primarily trades in sugar, corn, and dal, acting as a crucial link in the agricultural supply chain.

The company's extensive product portfolio includes sugar, wheat flour, tea, spices (such as dry red chilies, turmeric, coriander, jeera, and cumin seeds), food grains (rice, wheat, tea, sorghum, maize, and corn), pulses (lentils, faba beans, black gram, green gram, chickpeas, tyson chickpeas, and green peas), and agricultural feeds (soyabean meal and rice bran de-oiled cake). Additionally, Uma Exports engages in exporting fresh fruits like grapes, pomegranate, and orange, as well as garlic, ginger, groundnuts, potato, onion, wheat, bajra, salt, and barley.

Business Operations and Market Presence

Uma Exports Limited boasts a pan-India market presence and has established international trade relationships. The company exports sugar products to countries including Sri Lanka, UAE, and Afghanistan, and corn to Bangladesh. Domestically, it majorly sells agricultural produce and commodities to various end-users like merchants and distributors. Its export destinations also encompass Sri Lanka, Singapore, Australia, Canada, the Netherlands, Hong Kong, Benin, Malaysia, Bangladesh, Pakistan, the United Arab Emirates, Vietnam, and Djibouti.

On the import front, Uma Exports procures lentils, fava beans, black matpe, and pigeon peas in bulk quantities, primarily from Canada, Australia, and Burma, for distribution within India. The company has adeptly developed business strategies to proactively switch between different commodities based on fluctuating demand and pricing, demonstrating market agility.

Manufacturing and Expansion

In 2010, Uma Exports established its first manufacturing facility dedicated to processing dal and pulses at Dhulagori, Kolkata. The company is further expanding its manufacturing capabilities, with plans to commence pulses manufacturing with a capacity of 36,000 MTPA by Q4 FY26. This expansion will utilize a rented facility following a successful trial run at its Navi Mumbai facility, signaling a move towards value addition and increased operational control.

Financial Performance

Market Capitalization and Valuation

Uma Exports Ltd is classified as a Small Cap company, with a market capitalization of ₹254 Cr as of April 25, 2025. Its Price-to-Book (P/B) ratio stands at 1.28 times as of the same date, representing a 31% discount compared to its peers' median range of 1.86 times. The Price-to-Earnings (P/E) ratio is 15.15 times, which is a 49% discount to the peers' median of 29.85 times, indicating a potentially attractive valuation.

Recent Financial Results

In Q3 FY25, Uma Exports Ltd reported a significant year-on-year net profit jump of 58.39% to ₹2.17 Cr. The company also experienced substantial quarterly growth of 1042.11% compared to the previous quarter. Earnings per share (EPS) stood at ₹0.6 during Q3 FY25.

Annual Performance

For the full year ended 2024, the company reported a profit of ₹10.18 crore on a total income of ₹1,532.43 crore. On a consolidated basis for the quarter ended 2024, Uma Exports Ltd posted a profit of Rs 2.17 crore on a total income of Rs 495.61 crore.

Key Financial Metrics

- TTM Operating Revenue: Rs. 1,724.04 Cr. (Trailing Twelve Months)

- Annual Revenue Growth: 13%

- Debt to Equity Ratio: 2% (Indicating a healthy balance sheet)

- TTM Profit After Tax: ₹17 Cr

Stock Performance

The stock of Uma Exports Ltd has a 52-week high of Rs 151.00 and a 52-week low of Rs 62.01. Over the last three years, the share price has shown growth, with a return of 0.17% on BSE.

Corporate Governance and Management

The company is promoted by Rakesh Khemka and Sumitra Devi Khemuka. They successfully diversified the business from trading in building materials to trading in agricultural produce and commodities starting in 1997. As of March 2025, the promoter holding in Uma Exports Ltd stands strong at 72.51 percent.

Subsidiaries and International Presence

Uma Exports Ltd has established an international footprint through its subsidiaries, including UEL International FZE (Dubai) and Graincomm Australia PTY Ltd (Australia). The company acquired 100% shareholding in U.E.L International FZE in the UAE in 2014. While Uma Export Pte. Ltd. was incorporated in Singapore in January 2019, it was closed in 2021 due to lack of funds and business activities.

In summary, Uma Exports Limited has solidified its position as a significant player in India's agricultural commodities trading sector. Its robust business model focuses on bulk trading, strategic inventory management, and a diversified product offering across both domestic and international markets. Although the company consistently reports profits, it currently reinvests earnings rather than paying dividends, signaling a clear focus on growth and expansion within the agricultural commodities domain.