Amir Chand Jagdish Kumar (Exports) Ltd(AMIRCHAND)

NSE: AMIRCHANDBSE: 544743

₹ 206.15+2.66%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 2,135 crWebsite: shop.aeroplanerice.com/Updated: 24 Oct 2026

About

Amir Chand Jagdish Kumar (Exports) Ltd is an integrated processor, marketer and exporter of basmati and speciality rice under the Aeroplane brand, and also sells FMCG kitchen staples such as atta, besan and sugar. It reported revenue of Rs 2287.14 Cr in FY26, with rice at 99.32% of the total. It ranks third by revenue among its listed peers, according to a CARE report the company commissioned.^[1][2]

Business segments

Rice made up 99.32% of revenue in FY26, at Rs 22,658.10 mn, against Rs 19,651.08 mn in FY25.^[1]
FMCG made up 0.25% of revenue in FY26, at Rs 57.94 mn, against Rs 43.15 mn in FY25. The segment covers 8 kitchen-staple categories.^[1][3]

Products and brands

More than 40 sub-brands sit under the Aeroplane master brand, grouped into premium, medium, value, HORECA, speciality and FMCG tiers (FY26).^[1]
The company holds 100 registered trademarks (70 in India and 30 across 26 countries) and 22 copyrights (FY26).^[1]
Aeroplane Diabetic Rice and Aeroplane Quick Cook were launched in FY26.^[1]
The company plans to add ghee, daliya, poha and cooking oils to its FMCG range.^[1]

Operations and capacity

Rice processing capacity is 550,800 MT per year (FY26).^[1]
Capacity utilisation rose to 61.06% in FY26 from 50.46%. Management says no major capex is planned because the existing plants have room to grow.^[1]
Paddy and rice storage capacity rose to 2,90,000 MT in FY26 from 2,60,000 MT.^[1]
Premium grades are aged for up to 24 months and medium grades for up to 9 months before milling.^[1]
Every unit holds a Central FSSAI licence, runs an ISO 22000:2018-compliant food safety system and is HACCP-accredited.^[1]
The company had 226 permanent and 270 contract employees in FY26.^[1]

Key operating numbers

In FY26, rice realisation per tonne rose by about 8.07% and production grew 6.69%.^[1]
Gross margin was 14% in Q1 FY27, down from 16% in Q1 FY26.^[3]

Procurement

Paddy is bought through 325 registered agents in the mandis of Punjab, Haryana, Delhi and Uttar Pradesh, with no long-term contracts (FY26).^[1]
The company says paddy price risk is not fully mitigated, so margins remain sensitive to input costs.^[1]

Customers, distribution and exports

The company had 436 distributors in India and 53 abroad in FY26, a total of 489, up by 14 during the year.^[1]
It aims to grow the distributor network to more than 700 by FY28, focusing on Tier 3 and Tier 4 cities.^[1][3]
The company exported to 38 countries at the end of FY26, up from 37 a year earlier.^[1]
The Middle East accounted for 12.30% of FY26 revenue, with revenue from the region down 30.20%. The rest of the world accounted for 20.42%.^[1]
Institutional buyers such as hotels, caterers, hospitals and flight kitchens are served directly by the company's own sales team.^[1]
E-commerce, quick commerce and the company's own website contributed less than one per cent of revenue in FY26.^[1]

Recent developments

The IPO was completed in March 2026 and raised Rs 440.00 crore of fresh capital. The shares were listed on the BSE and NSE on 2 April 2026.^[1]
IPO net proceeds of Rs 4,000 mn are earmarked for working capital. None had been used by the end of FY26.^[1]
Aeroplane FMCG Pte. Ltd., Singapore, became a wholly owned subsidiary from May 15, 2026.^[1]
The trading symbol changed from AMIRCHAND to AEROPLANE, effective July 20, 2026.^[1]
On 12 Oct 2026, the rating on long-term bank facilities was upgraded to IVR A+/Stable from IVR A/Positive. The short-term rating was reaffirmed at IVR A1.^[4]
The company holds Three Star Export House status, conferred by the Ministry of Commerce and Industry in 2017.^[1]

Market Cap

₹2,135 Cr

High / Low

₹242 / 170

Stock P/E

19.9

Price / Book

2.2

Book Value

₹89

EPS

₹10.0

No. of Shares

10.36 Cr

ROCE

13.3%

ROE

11.2%

OPM

9.7%

Debt / Equity

0.82

Sales

₹2,287 Cr

Net Profit

₹103 Cr

Promoter holding

78.8%

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