Proventus Agrocom Limited, originally incorporated as "Manthan AgroCom Private Limited" on October 20, 2015, transformed into a Public Limited Company and was renamed 'Proventus Agrocom Limited' on March 21, 2023. It is an India-based integrated health food brand with a diverse presence across a range of dry fruits, nuts, seeds, berries, and healthy snacking products, covering the entire value chain. The company is primarily engaged in various agro-commodities.
Initially, Proventus Agrocom focused on bulk trades in the agro produce segment to leverage demand and supply dynamics. This involved developing robust sourcing and distribution networks with effective risk management. The company progressively expanded its operations into dry fruits, nuts, seeds, and berries, creating a comprehensive business model that spans from farm-level sourcing and secondary processing to packing, bulk sales, and white labeling activities.
The company operates through several key subsidiaries:
- Prov Foods Private Limited: Engaged in the retail sale of dry fruits, nuts, seeds, and other healthy snacks under the ProV Brand.
- Proventus Retail Private Limited: Also involved in the retail sale of health food products.
- Pro-Nova Bio Technologies Private Limited: Focuses on processing waste materials (shells and skins) into bio-fuel briquettes.
- Proventus Commodities DMCC: Assists the parent company in the global sourcing of raw materials.
The company is led by Chairman Ranganathan Subramanian and Managing Director Durga Prasad Jhawar. The leadership team's brand-first strategy and expansion initiatives are crucial, with Managing Director Durga Prasad Jhawar spearheading the vision to establish Proventus Agrocom as a significant player in India's health food market.
As of June 10, 2025, Proventus Agrocom Ltd holds a market capitalization of ₹345 Crore. Classified as a Small Cap company by Value Research, it has carved a niche within the fast-moving consumer goods sector, specifically in the food products segment focusing on health and wellness.
For the fiscal year 2025, Proventus Agrocom reported consolidated revenue of Rs. 584 crore, marking a 16 percent year-on-year growth. Its dedicated brand revenue experienced a substantial 37 percent increase, reaching Rs. 417 crore, driven by enhanced market presence and growing consumer demand. Gross margins improved to 19.8 percent (from 17.6 percent in FY24), and EBITDA grew by 8 percent to Rs. 12.9 crore. Despite a doubling of investments in brand building, the company achieved a 3 percent increase in profit after tax (PAT).
- Consolidated Revenue (FY25): Rs. 584 crore (16% YoY growth)
- Brand Revenue (FY25): Rs. 417 crore (37% YoY growth)
- Gross Margin (FY25): 19.8% (vs 17.6% in FY24)
- EBITDA (FY25): Rs. 12.9 crore (8% growth)
- Profit After Tax (FY24): Rs. 7.21 crore on total income of Rs. 497.03 crore.
- Total Asset Value: ₹142 Crore (as on 31-Mar-24)
Over the last 6 months, Proventus Agrocom's share price has seen a decrease of 37.42%, while over the past year, it has increased by 3.13%. The company's 52-week high share price is Rs 1,890.00, and its 52-week low is Rs 970.00.
- P/E Ratio: 46.84 times (a 61% premium to its peers' median range of 29.10 times)
- P/B Ratio: 2.82 times (a 21% premium to its peers' median range of 2.34 times)
Proventus Agrocom is committed to becoming a Rs. 1000 Crore brand by FY28, focusing on quality, scale, and consumer trust. The company's brand-first strategy has led to a sixfold growth in brand sales over the last three years, with over two crore product pouches sold in FY25, indicating strong consumer acceptance.
The company is also enhancing its operational and manufacturing capabilities. It is on track to commission a fourfold capacity expansion at its Surat facility, increasing daily output from 1.5 lakh to 4 lakh pouches, demonstrating its commitment to scaling operations to meet rising demand.
The Proventus Agrocom IPO was a fixed price issue of Rs 69.54 crores, comprising a fresh issue of 6.72 lakh shares (aggregating to Rs 51.79 crores) and an offer for sale of 2.30 lakh shares (aggregating to Rs 17.74 crores). Bidding for the IPO ran from May 24 to May 26, 2023, with allotment finalized on May 31, 2023. The shares were listed on the NSE SME platform on June 5, 2023, at an IPO price of ₹771 per share.
The successful transition to a public company and listing on the NSE SME platform highlights investor confidence in its business model and growth potential within India's expanding health food sector. With its strong financial performance, strategic expansion plans, and a clear objective to achieve its Rs. 1000 crore revenue target by FY28, Proventus Agrocom is solidifying its position as a leading integrated health food brand.
