Company Overview

Vishwas Agri Seeds Limited, incorporated in 2013, operates in the business of processing and supplying seeds to farmers through its distribution network. The company started its business operations in 2010, focusing on a diverse range of product portfolios encompassing hybrid seeds of field and vegetable crops. As India's premier farm input organization, Vishwas Agri Seeds has established itself as one of the most preferred and reliable corporate brands in the agricultural sector, particularly among the farming community through building strong distribution networks and stakeholder relationships.

The company markets its products under the brand name "Vishwas", and has succeeded in playing an instrumental role in providing the latest technology at the farm level through developing unique research-oriented output, ensuring higher productivity and prosperity to farmers. The promoters come from a farming background, which has helped the company build a strong network with farmers.

Business Operations and Product Portfolio

Vishwas Agri Seeds Limited's comprehensive product portfolio includes crop seeds for Groundnut, Soybean, Wheat, Cumin, Green Gram, Black Gram; Research Hybrid seeds for Cotton, Castor, Pearl Millet, Maize; and hybrid vegetable seeds including Chilli, Tomato, Brinjal, Watermelon, Sweet Corn, Cabbage, Onion, Coriander Seeds, Fenugreek, Mustard, Lucerne, and Carrot. The company offers more than 75 varieties of crops, demonstrating its extensive expertise in agricultural seed development.

Based at its headquarters in Rajkot, Gujarat, Vishwas Seeds caters to 46 crops and 151 products across Gujarat and Rajasthan through more than 600 authorized dealers and distributors, addressing the needs of millions of farmers. With continuous support from the farming community, Vishwas Agri Seeds has achieved leadership in crops like pearl millet, sorghum, and cotton.

Manufacturing and Infrastructure

The company's commercial operations include a seed processing unit along with warehouse and cold storage facilities located in Bavla, District Ahmedabad, Gujarat. The facility is equipped with warehousing for storing 4,200 MT (Metric ton) capacity of stock and a cold storage facility to store 3,000 MT of stock. In October 2023, the company started commercial operations of its new facility at Ahmedabad, Gujarat, which is strategically located for easy access to farmers and transportation networks.

The company operates an integrated seed processing unit with cold storage and warehouse facilities on one premise, offering a wide range of products backed by consistent quality, supported by an experienced promoter team and dedicated management.

Financial Performance

As of recent data, Vishwas Agri Seeds has a market capitalization of ₹60.6 crores, with revenue of ₹74.3 crores and profit of ₹6.01 crores. The company's net income for the last half-year stands at ₹29.04 million, compared to ₹15.04 million in the previous report, representing a 93.03% increase. The company's EBITDA is ₹110.75 million with a current EBITDA margin of 15.54%.

Key Financial Metrics

- Revenue: ₹74.3 crores

- Profit: ₹6.01 crores

- EBITDA: ₹110.75 million

- EBITDA Margin: 15.54%

- Market Cap: ₹60.6 crores (as of recent data)

- Promoter Holding: 70.0%

Stock Market Performance

The Vishwas Agri Seeds IPO was listed on April 1, 2024, on NSE SME. The IPO was priced at ₹86 per share and was entirely a fresh issue of 30.00 lakh shares. The stock reached its all-time high of ₹96.70 on April 24, 2024, and hit an all-time low of ₹58.00 on November 22, 2024.

The company does not pay dividends to its shareholders. The promoter holding stands at 70.0%, indicating strong promoter confidence in the business.

Management and Human Resources

The company is promoted by Mr. Ashokbhai Sibabhai Gajera, Mr. Bharatbhai Sibabhai Gajera, Mr. Dineshbhai Madhabhai Suvagiya, and others. The current leadership includes Ashokbhai Shibabhai Gajera as Managing Director, Bharatbhai Shibabhai Gajera as Director, and Aniket Yagneshkumar Makani as Additional Director. As of January 30, 2025, the company employs 45 people, while it has 18 employees specifically dedicated to marketing and sales of products.

Research and Development Focus

Backed by a large collection of germplasm, the company's breeders with rich experience and knowledge continuously bring world-class products, setting new standards as demanded by customers nationwide. Apart from targeting yield improvements, the breeding programs in various crops also focus on breeding for biotic and abiotic stresses and quality traits. This research-oriented approach positions the company well for future growth in the competitive agricultural seeds market.

The company represents a focused player in the Indian agricultural seeds sector, with a strong regional presence in Gujarat and Rajasthan, a comprehensive product portfolio, and a commitment to supporting farmer productivity through innovative seed solutions.