Quanto Agroworld Limited was incorporated on May 02, 2017, and is engaged in the integrated cultivation, processing, and extraction of essential oils from Medicinal and Aromatic Plants (MAPs). The company’s core business model spans agricultural land aggregation, scientific cultivation of aromatic crops (such as lemongrass, citronella, vetiver, and palmarosa), and captive steam distillation to produce high-purity essential oils and aromatic extracts. Its underlying value proposition centers on delivering consistent, high-citral grade essential oils directly to industrial buyers through an asset-light, contractually secured farming and distillation framework.
The company primarily operates within the Business-to-Business (B2B) institutional segment, supplying essential oils to corporate clients across the FMCG, flavors and fragrances, cosmetics, pharmaceuticals, and home care sectors. Key target demographics include manufacturers of soaps, detergents, insect repellents, personal care formulations, and wellness products. Geographically, the company’s operations are centered in Western and Northern India, with primary distribution across Maharashtra, Gujarat, Madhya Pradesh, Uttar Pradesh, and Delhi NCR, alongside expanding supply arrangements across broader domestic industrial hubs.
The company’s agricultural and processing infrastructure is anchored around a consolidated farmland cluster admeasuring approximately 737 acres located at Ravalgaon, Nashik District, Maharashtra. This footprint comprises 424 acres leased directly from Maharashtra State Farming Corporation Limited (MSFCL) and 165 acres managed via its subsidiary, Quanto Agritech Private Limited. Processing infrastructure consists of on-site steam distillation units equipped with stainless steel boilers and condensing systems situated at Ravalgaon. The plant achieved an operating capacity utilization exceeding 80% in FY26, processing harvested green herb biomass to yield essential oil extracts at optimal recovery rates.
Operational strengths and agricultural R&D capabilities center on high-yielding cultivar selection, tissue culture propagation, and sustainable organic farming techniques. The company collaborates with agricultural institutions to cultivate citral-rich strains of lemongrass (Cymbopogon citratus) and citronella, enhancing essential oil yield per acre. To support future growth, the company is deploying Fresh Issue proceeds to develop additional farmlands (₹15.22 Cr) and construct a modern, higher-capacity distillation facility at Ravalgaon (₹3.79 Cr), further expanding its processing throughput and vertical integration.
In terms of financial performance, Quanto Agroworld Limited reported total income / net profits of ₹15.55 Cr / ₹5.37 Cr (FY24), ₹16.49 Cr / ₹6.63 Cr (FY25), and ₹40.34 Cr / ₹8.38 Cr (FY26). Over the last three fiscal years, the company registered sharp top-line and earnings expansion while maintaining conservative leverage, with total borrowings standing at ₹5.48 Cr in FY26 (of which ₹3.62 Cr will be repaid using Fresh Issue proceeds). The company delivered an average EPS of ₹6.02 and an average RoNW of 25.68% over the last three fiscals. Based on pre-issue book value, the issue is priced at a Pre-Issue P/BV of 2.54x against an NAV of ₹26.43 as of March 31, 2026. Factoring in the fresh issue proceeds, the Post-Issue P/BV stands at 1.80x. Attributing the earnings of FY24, FY25, and FY26 to the expanded post-issue equity base, the offer is priced at a Post-Issue P/E of approximately 21.82x, 17.68x, and 13.97x, respectively. As per the Prospectus, listed peers such as S H Kelkar and Company Limited (P/E of 42.50x) and Oriental Aromatics Limited (P/E of 340.00x) trade at substantially higher valuation multiples, positioning this issue competitively on a relative basis.
On the BRLM front, Sobhagya Capital Options Private Limited is the Book Running Lead Manager, having managed 9 public issues to date. Of the last 9 IPOs, six opened below the issue price and three opened above the issue price or at par on listing day. As of September 09, 2026, six issues continue to trade below their issue price, while three are trading above or at par.
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