Prime Fresh Ltd

BSE: 540404

₹ 156-1.30%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 217 crWebsite: www.primecustomer.co.inUpdated: 24 Oct 2026

About

Prime Fresh Ltd sources and supplies fresh fruits and vegetables, mainly B2B to modern trade, e-commerce, general trade and food processing customers in India. It reported FY26 revenue of Rs 273.98 crore and sold about 65,000 tons in FY26, drawing on a farmer network of 1,30,000+. Management describes it as one of the only pan-India national players supplying onion, pomegranate and orange to modern trade and e-commerce partners across 10 cities.^[1][2]

Products and categories

Onion and pomegranate are named as the main growth drivers as of Q1 FY27. The company also supplies orange and other categories to modern trade and e-commerce across 10 cities.^[2]
Entered the banana category in Q1 FY26, with operations in Maharashtra.^[3]
Launched tomato operations in Madhya Pradesh, Uttar Pradesh, Karnataka and Himachal Pradesh, and UP mango operations from the farm level, in Q1 FY26.^[3]
Received an Organic Products Supply Chain Development & Execution License, which lets it enter the organic fruit and vegetable segment (reported in Q1 FY26).^[3]
Plans to add 3-4 new fruit and vegetable categories within one year of Q1 FY27.^[2]

Sourcing and operations

Sourcing capacity is 2.5 lakh tons and the farmer network is 1,30,000+, as of Q1 FY27.^[2]
The pomegranate farmer base exceeds 13,000, with 40+ local area aggregator partners (Q1 FY27).^[2]
Warehousing and packaging capability is 6.5 Lacs TPA as of Q1 FY26. Sales capacity (warehouse) was 80,000 TPA in FY25.^[3]
Opened a new distribution centre in Lucknow and revived its Siliguri operations in the North East in Q1 FY26.^[3]
Fruit and vegetable wastage rate was 4%-5% in H1 FY26.^[4]

Key operating numbers

Volume sold was about 65,000 tons in FY26, compared with sales of 33,050.3 MT and procurement of 33,940.6 MT in FY25.^[2][3]
Sales volume was 16,244 tonnes in Q2 FY26, up 96% YoY and 52% QoQ.^[4]
Working capital days were 112 in FY25, compared with 111 in FY24.^[3]
Standalone debtors were reduced by about Rs 12 crores in Q1 FY27. The internal debtor-days target is 88-94 days.^[2]

Customers and distribution

The business is mainly domestic B2B. B2C is only 1-2% of the business (Q1 FY27), and exports stopped after COVID because of freight costs and volatility.^[2]
Added 4-5 food processing customers in Q1 FY27, and is expanding into general trade and new APMC partners to rely less on modern trade and e-commerce.^[2]
Expanded its sales network into Delhi, Haryana and Punjab through bananas, and started sourcing in the North East and expanding in Tamil Nadu (FY26).^[3][4]
UP, the Northeast and southern markets are the named geographic growth areas for FY27.^[2]

Expansion and capex

Nashik Sinnar Agro Park: an integrated packhouse and cold-chain project costing about Rs 75 crores under NHB's Cluster Development Programme. It includes a government grant of about Rs 24 crores and peak debt of about Rs 35 crores, to be deployed over 18-20 months from Oct/Nov 2026.^[2]
The Nashik project is expected to add 15,000 tons of sourcing capacity in its first year and 2 lakh tons of incremental sourcing over 6 years.^[2]
Bought 6 acres at Shrirampur Village, Sinnar Taluka, Nashik, and leased two more parcels for 16 years for the agro park (reported in Q3 FY26).^[4]
Targets annual business volume of 2.5-3 lakh tonnes by FY2030-32.^[4]
Aims to scale at least 24 FPOs to turnover above Rs 5 crore each by FY2027 under NHB's Cluster Development Programme.^[4]

Recent developments

Acquired a 51% stake in a company making value-added and ready-to-eat products (disclosed on the Q1 FY27 call).^[2]
Moved from the BSE SME platform to the BSE Mainboard, effective 6 June 2025.^[3]

Market Cap

₹217 Cr

High / Low

₹301 / 146

Stock P/E

14.8

Price / Book

2.4

Book Value

₹66

EPS

₹9.5

No. of Shares

1.39 Cr

ROCE

21.4%

ROE

16.3%

OPM

7.2%

Debt / Equity

0.10

Sales

₹274 Cr

Net Profit

₹14 Cr

Promoter holding

50.7%

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