KN Agri Resources Limited, incorporated in 1987, is a prominent Indian agro-based company that has established itself as a significant player in the agricultural commodities sector. The company was initially incorporated as Itarsi Oils & Flour Private Limited on 13th January 1987 with the Registrar of Companies, Madhya Pradesh, Gwalior, and was subsequently converted into a Public Limited Company. The company has undergone several name changes throughout its history, culminating with KN Agri Resources Limited in 2021, following special resolutions passed by shareholders at Extraordinary General Meetings.
The company operates under the leadership of promoters Mr. Vijay Shrishrimal, Mr. Sanjay Shrishrimal, and Mr. Dhirendra Shrishrimal, who possess extensive experience in the soybean and agri-commodities industry. Mr. Vijay Shrishrimal serves as both Chairman and Managing Director of the company.
KN Agri Resources Limited is an integrated, global agri-business and food company operating across the farm-to-consumer food chain. It is involved in purchasing, storing, processing, packaging, and marketing agricultural commodities, vegetable oils, and food products. The company is engaged in the solvent extraction and refining of edible oil from soybean and the production of soya de-oiled cake. Its supply chain business deals in flour milling and trading of food commodities.
Established in 1987, the company ranks among the top five soybean processors in India, demonstrating its strong market presence in the agricultural processing sector. It received recognition as the 2nd highest processor award in 2017-18 and again in 2018-19, highlighting its operational excellence.
The company operates three strategically located plants in Madhya Pradesh, comprising three solvent extraction plants, two oil refineries, and one flour mill. In addition to these manufacturing units, the company has four Windmills spread across India. These windmills generate 4.6 megawatts of clean power, supplying green energy to their units and contributing to state government grids, aiding in reducing carbon emissions.
Presently, the company markets its products to approximately 15 states in India, with major revenue contributions originating from Madhya Pradesh, Gujarat, West Bengal, and Maharashtra. Their esteemed clients include major players like Adani Wilmar, Cargill, Bunge, Olam, Cofco, Agrocorp, Golden Agri, Al Ghurair, CP Group, Japfa, Godrej Agrovet, and ITC.
For the financial year ended March 2024, KN Agri Resources Ltd posted a profit of Rs 31.26 crore on a total income of Rs 1,699.67 crore. The company reported a revenue of ₹1,817 Crore and a profit of ₹32.8 Crore for the most recent reporting period.
- Profit: Rs 31.26 crore (FY ended March 2024)
- Total Income: Rs 1,699.67 crore (FY ended March 2024)
- Recent Reporting Period: Revenue of ₹1,817 Cr, Profit of ₹32.8 Cr
- TTM Profit After Tax: Rs 31 Cr
- Operating Revenue (TTM): Rs 5,326.80 Cr
- Annual Revenue Growth: -24%
- Pre-tax Margin: 2%
- Return on Equity (3-year avg): 13.9%
KN Agri Resources Ltd has a market capitalization of ₹ 594 Cr as of 06-Jun-2025. According to Value Research classification, it is a Small Cap company.
The stock's valuation metrics as of 06-Jun-2025 include:
- P/E Ratio: 16.04 times (a 72% discount to its peers' median range of 57.36 times)
- P/B Ratio: 1.89 times (a 37% discount to its peers' median range of 3.01 times)
- 52-Week High: ₹310.00
- 52-Week Low: ₹125.05
Promoter holding in KN Agri Resources Ltd decreased to 68.86% as of March 2025 from 73.66% as of March 2023. There is no promoter pledging, indicating strong promoter commitment to the business.
The Company made an Initial Public Offer (IPO) of 65,84,000 Equity Shares in March 2022, raising funds from the public aggregating to ₹43.98 Crore.
The company has successfully reduced its debt and is now almost debt-free. This strong balance sheet position enables it to report stable earnings growth across business cycles and provides financial flexibility for future growth initiatives.
Recent corporate actions include a postal ballot for migrating listing from NSE Emerge SME to NSE and BSE Main Boards, signaling the company's intent to move to the main board exchanges. The company submitted its financial results for the period ended March 31, 2025, with board meetings held on 30-May-2025 to approve the audited financial results for the year ended March 2025.
KN Agri Resources Ltd continues to focus on its core strengths in agricultural processing while maintaining its position among India's leading soybean processors. The KN Group envisions being a catalyst in integrating all facets of the food supply chain, aiming for a global footprint and reflecting their ambitious growth strategy in the agricultural commodities sector.
