Freshara Agro Exports Limited was originally formed as a Partnership Firm in the name and style of "Freshara Picklz Exports" pursuant to Deed of Partnership dated June 23, 2015. Subsequently, the Firm was converted from a Partnership firm into a Public Limited Company with the name and style of "FRESHARA AGRO EXPORTS LIMITED" and received a Certificate of Incorporation from the Registrar of Companies, Tamil-Nadu and Andaman situated at Chennai dated November 22, 2023.
The Company is engaged in the procurement, processing, and exporting of preserved Gherkins and other pickled commodities from India to different countries of the world. The company operates as a vertically integrated agro-export business with a comprehensive supply chain model that encompasses farming partnerships, processing facilities, and direct global distribution.
The Company has been recognized as a 100% Export House by the Ministry of Commerce & Industry, Government of India. This recognition underscores the company's export-focused business model and its significant contribution to India's agricultural exports sector.
Freshara Agro operates through a unique contract farming program that creates sustainable partnerships with local farmers. To ensure a consistent supply of high-quality vegetables, we have forged strategic partnerships with local farmers of Tamil Nadu, Karnataka, and some parts of Andhra Pradesh through our contract farming program. The Company concludes buy-back agreements with the farmers and, in turn, supplies them with the necessary sowing material such as seeds to the identified small and marginal farmers.
The company's processing capabilities are centered around its state-of-the-art facilities. Gherkins and other pickled vegetables are processed at its facility situated at Velakalnatham Village, in Tirupattur District of Tamil Nadu, adhering to high-quality measures and packed in food-grade drums, glass jars, and metal tins as processed products. The company commenced commercial production on January 2, 2025, at its 2nd manufacturing plant located in Chengilikuppam Village, Tirupattur District.
Gherkins are a savory pickle vegetable relished globally and consumed in the markets of Europe, USA, Australia, Russia, etc., as a delicacy with other food items. The company's product portfolio extends beyond gherkins to include various pickled vegetables that cater to international taste preferences and dietary requirements.
Freshara Agro has demonstrated remarkable financial growth in recent periods. In the second half of FY25 (H2 FY25), the company reported a total revenue of ₹15,322.11 lakhs, reflecting a robust 42.58% increase over the first half (H1 FY25), which stood at ₹10,746.11 lakhs.
The company's profitability metrics have shown significant improvement. EBITDA also saw significant growth, rising 46.70% to ₹2,749.47 lakhs in H2 FY25 compared to ₹1,874.21 lakhs in H1 FY25. The EBITDA margin improved by 62.53 basis points, reaching 18.71% in H2 FY25, up from 18.08% in H1 FY25.
Profit After Tax (PAT) increased sharply by 53.02%, amounting to ₹1,741.05 lakhs in H2 FY25 against ₹1,137.81 lakhs in the first half. Correspondingly, the PAT margin improved by 86.86 basis points, moving up to 11.85% from 10.98%. Earnings Per Share (EPS) also rose by 16.14%, from ₹6.69 in H1 FY25 to ₹7.77 in H2 FY25, indicating stronger shareholder returns.
As of July 2025, the company's market valuation and key ratios reflect its growth trajectory and market positioning. Freshara Agro Exports Ltd has a market capitalization of ₹410 Cr as on 09-Jul-2025. As per Value Research classification, it is a Small Cap company.
The company's valuation metrics present interesting insights for investors. The P/E ratio of Freshara Agro Exports Ltd is 14.23 times as on 09-Jul-2025, a 45% discount to its peers' median range of 25.77 times. The P/B ratio of Freshara Agro Exports Ltd is 4.00 times as on 09-Jul-2025, a 49% premium to its peers' median range of 2.69 times.
- Revenue (H2 FY25): ₹15,322.11 lakhs
- EBITDA (H2 FY25): ₹2,749.47 lakhs
- PAT (H2 FY25): ₹1,741.05 lakhs
- TTM PAT: ₹10 Cr
- Market Cap: ₹410 Cr (as of July 9, 2025)
The company has made significant investments in expanding its operational capacity. It operationalized a state-of-the-art second manufacturing unit spread over 8 acres in Tirupattur District, Tamil Nadu, marking a major leap in production scale and operational efficiency. This expansion demonstrates the company's commitment to meeting growing international demand and scaling operations efficiently.
Spread across 8 acres, the facility supports both industrial and retail packaging with a daily capacity of 75-100 MT and packing of up to 18,000 jars per hour. This ₹30-35 crore investment allows us to expand our product range and adopt new packaging technologies.
The company has also embraced sustainable practices by commissioning a 100KW solar power plant, reinforcing Freshara's commitment to energy efficiency and cost optimization. Backed by this solar plant, the unit is expected to drive 10-30% annual revenue growth and enhance margins through scale and efficiency.
The shares got listed on NSE SME on October 24, 2024. The company's IPO journey reflects strong investor confidence in its business model. Freshara Agro Exports IPO opened on October 17, 2024, and closed on October 21, 2024. The Freshara Agro Exports IPO price band was set at ₹116 per share.
Over the past 6 months, the Freshara Agro Exports share price has increased by 0.55%, and in the last one year, it has increased by 35.49%. The stock's 52-week trading range indicates volatility typical of growth-oriented companies, with the 52-week low for Freshara Agro Exports share price being Rs. 110 and the 52-week high being Rs. 207.
The promoters of Freshara Agro Exports Ltd are JUNAID AHMED and K M IQBAL AHMED. They collectively own 58.96% of the total equity. The chairman of the company is Junaid Ahmed, who has been instrumental in guiding the company's strategic direction and expansion plans.
The company maintains high-quality standards through multiple international certifications. FAEL specializes in procurement, processing, and exporting preserved gherkins and pickled vegetables. Its products are certified by FSSAI, FDA, Star-K Kosher, APEDA, IFS, and BRCGS, meeting international quality standards, and are registered with the Madras Exports Processing Zone (MEPZ).
These certifications enable Freshara to access premium markets across Europe, USA, Australia, and Russia, positioning the company as a trusted supplier in the global pickled vegetables market.
The combination of strategic capacity expansion, strong financial performance, and comprehensive quality certifications positions Freshara Agro Exports as a significant player in India's agricultural export sector, with substantial growth potential in international markets.
