The Rajkot-based peanut and sesame processor Sheetal Universal Limited has secured an export order from a buyer in the Gulf, and the consignment is due to ship within weeks. Set against what the company exported last year, it is a sizable piece of business. It also landed after a year when domestic customers, rather than overseas ones, drove most of the growth. Whether the order changes that balance, and whether it helps margins, is what the next results should show.
Shares of Sheetal Universal Ltd traded at Rs. 354.95 on Thursday, remaining flat after opening at that price. The stock touched an intraday high and low of Rs. 354.95, showing no price movement throughout the session The company commands a market capitalization of Rs. 415.89 crore.
Rs. 11-Crore Export Order
Sheetal Universal, an agro-processor based in Rajkot listed on the NSE SME platform, reported on 23 September that it has acquired a new export order from Beacon Star General Trading LLC in Dubai. The papering has set the value of the order at USD 1.22 million, or around Rs. 11.53 crore. The buyer is asking for 1,000 tonnes of red-skin peanut kernels, packed into 40,000 vacuum bags of 25 kg each and priced at USD 1,220 a tonne. Delivery is expected within a month, and the company has affirmed that the promoters are not connected to Beacon Star and the purchase is not a related-party deal.
Export Revival Sparks
To put the news on the new export order in perspective, Rs. 11.53 crore is only about 7% of the Rs. 168.86 crore standalone revenue Sheetal reported for FY26, and this order will not rewrite the year, per se. Looking at exports, they were Rs. 49.20 crore as compared to Rs. 78.14 crore last year, while domestic sales have jumped from Rs. 27.53 crore to Rs. 119.65 crore. An order worth approximately a quarter of the value of last year’s export line will serve as a helpful starting point to turn the corner on the export side of the business. As the consignment is to be delivered within a month, the revenue should be recognized within this financial year, potentially in the October to December quarter, if the shipping goes to the schedule.
The filing does not reveal several details I would like to know about the new order, particularly payment terms, any advances and the margin on the order. It is relevant because net profit margin slid to 6.82% from 8.82% in FY26, and debt-to-equity climbed to 0.69 from 0.50 on increased short-term borrowing. Filling 1,000 tonnes within a month will tie up working capital, and the dollar pricing is important. Forex gains had contributed about Rs. 1.53 crore to other income last year, but the annual report flags down currency and raw material prices as risks.
On the brighter side, the filing cites a macro backdrop of stable economic growth, government support for agri-sectors and rising demand for value-added products, and Gulf trading hubs such as Dubai continue to buy nuts, oilseeds and spices as they import a large amount of their food. The rupee matters as the exchange rate in the filing, which prices the order at about Rs. 94.5 to the dollar, if that level holds, will favor the exporters. Against that stand the groundnut prices, freight, export policy changes suddenly and price competition in the space, and Sheetal’s margins will hinge on the control of costs.
Financial Performance
Looking at the quarterly results of Sheetal Universal Limited, the company’s consolidated revenue from operations increased by 169 percent YOY, from Rs. 46.65 crore in H2 FY25 to Rs. 125.68 crore in H2 FY26, and grew by 161.4 percent QoQ from Rs. 48.07 crore in H1 FY26.
The company consolidated net profit increased by 25.37 percent YOY, reaching Rs. 9.98 crore compared to Rs. 7.96 crore during the same period last year. As compared to H1 FY26, the net profit has increased by 556.57 percent, from Rs. 1.57 crore.The basic earnings per share increased by 25.28 percent and stood at Rs. 8.72 as against Rs. 6.96 recorded in the previous year, FY2026.
Industry outlook
In an Indian agro-processor, the macro backdrop is generally positive. The annual report cites stable economic growth, government support for agri-sectors and rising demand for value-added products. Gulf trading hubs such as Dubai continue to buy nuts, oilseeds and spices, as they import a large amount of their food. The rupee matters as the exchange rate in the filing, which prices the order at about Rs. 94.5 to the dollar, if that level holds, will favor the exporters. Against that stand the groundnut prices, freight, export policy changes suddenly and price competition in the space, and Sheetal’s margins will hinge on the control of costs.
Company overview
Sheetal Universal Limited is an agro-processing company based in Rajkot and listed on the NSE SME platform. It processes and exports edible oils, spices, peanuts, sesame seeds and pulses from a factory at Kalavad, Gujarat. In FY26 it reported standalone revenue of Rs. 168.86 crore and a profit after tax of Rs. 11.51 crore, and launched flavoured nuts during the year.