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BABA FOOD PROCESSING LIMITED (BABAFP)

Process Industries · Agricultural Commodities/Milling · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.24 / 100
Profitability 10Growth 49Balance sheet 14
Compare withPATANJALI FOODSGODREJ INDUSTRIESAWL AGRI BUSINESS

Share price

Closing priceAdjusted for splits and bonus issues.

₹23 latest close · −14.8% over the last 90 sessions

₹20₹25Apr 24Jun 8Jul 7Aug 10Sep 15Nov 9 ₹20₹25Apr 24Jul 23Nov 9

₹23 month-end · −32.5% over 12 months

₹20₹25₹30₹35Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹20₹25₹30₹35Nov '25May '26Nov '26

₹23 month-end · −68.0% since Nov '23

₹20₹40₹60Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹20₹40₹60Nov '23May '25Nov '26

52-week range ₹17.65 to ₹44.75 · 1-year volatility 75.8%

How rough has the ride been?

Maximum drawdown-74.3%not yet recovered
1-year volatility75.8%annualised

Drawdown from peak

0%−20%−40%−60%202420252026−73.0% 0%−20%−40%−60%20252026−73.0%
Largest drawdowns

-74.3% (2023-11 peak to 2026-06 low, not yet recovered)

Where does it rank among Process Industries peers?

Each cell is the company's percentile rank among its Process Industries peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE10th▼ 19 pts vs a year ago
  • Revenue growth21st▼ 42 pts vs a year ago
  • EPS growth3rd▼ 22 pts vs a year ago
  • Debt/equity ↓12th▼ 11 pts vs a year ago
  • Cash cycle ↓86th▲ 7 pts vs a year ago
  • P/E ↓80th▼ 6 pts vs a year ago
  • 12M momentum16th▼ 10 pts vs a year ago

Rank history

ROCE
Revenue growth
EPS growth
Debt/equity ↓
Cash cycle ↓
P/E ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Process Industries sector page Watch it move against Process Industries in the Observatory

What is the price implying?

Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Process Industries The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹23.00
ROCE
1.0%
Market Cap
₹38 cr
Revenue (TTM)
₹203 cr
P/S
0.2x
P/B
0.6x
ROE
-2.3%
Debt / Equity
1.2x
Promoter Holding
73.5%
12M Momentum
-32.5%

52-week range

₹17.65₹44.75
20% of the way from its 52-week low to its high

Price risk

1Y volatility
75.8%
Beta vs sector
1-year daily
1.50

Balance sheet & cash

Interest cover
operating profit ÷ interest
0.5x
Cash from profit, 3Y
operating cash flow ÷ net profit
1.78x
Share count, 1Y
unchanged

Are profits backed by cash?

4 of 5checks within range1 beyond a threshold
Other income reliance—Not enough data

Not enough reported data to compute this.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion1.78xWithin range

Operating cash flow divided by net profit over the last three fiscal years: 1.78x (cash from operations ₹16 cr, net profit ₹9 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.

Free cash flow0 of 5 yrsBeyond threshold

Fiscal years with positive free cash flow in the last 5: 0. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history-5 daysWithin range

Debtor days are below the median of the previous three fiscal years by 5 days (18 vs 23). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress16% of fixed assetsWithin range

Capital work-in-progress is 16% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+11 days / 2 yrsWithin range

Days payable changed by +11 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

What happened next to similar setups

+27.8%typical 12-month return vs the marketAbove the base rate
  • We found 50 past situations where a non-financial company looked like BABA FOOD PROCESSING LIMITED today on valuation, return on capital, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −13% to +90% vs the market, against 0% for all non-financial companies in the same months.
  • The analogs' median sat above that base rate (gap +27.7%, 80% range +13.9% to +51.1%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
SADBHAV · Jan 2025: −66.5% vs market
SHRENIK · May 2022: −58.2% vs market
LAXMICOT · Feb 2025: −42.1% vs market
SADBHIN · May 2025: −40.2% vs market
BLBLIMITED · Apr 2023: −38.9% vs market
NECLIFE · Apr 2022: −34.8% vs market
LOYALTEX · Sep 2025: −28.1% vs market
SETCO · Nov 2021: −27.3% vs market
MALUPAPER · Jul 2025: −22.0% vs market
NAGREEKCAP · Aug 2020: −17.4% vs market
BEARDSELL · Jan 2020: −17.0% vs market
JETFREIGHT · Jan 2024: −14.2% vs market
NGIL · Aug 2024: −14.0% vs market
MARALOVER · Apr 2024: −11.2% vs market
S&SPOWER · Mar 2021: −5.4% vs market
ORIENTLTD · Aug 2024: −3.2% vs market
BIL · Aug 2022: −1.8% vs market
SUPERSPIN · Jan 2020: +6.7% vs market
VGL · Jun 2020: +11.2% vs market
RML · Aug 2020: +11.9% vs market
GLOBALVECT · May 2022: +13.7% vs market
SHAHALLOYS · Feb 2025: +15.7% vs market
MCLEODRUSS · Feb 2023: +18.3% vs market
FIDEL · Apr 2024: +20.5% vs market
VISACHROME · Feb 2020: +24.1% vs market
SUPREMEINF · Feb 2022: +31.5% vs market
BEDMUTHA · Jan 2020: +34.5% vs market
DGCONTENT · Jul 2023: +39.6% vs market
MADHUCON · Jun 2020: +46.4% vs market
FLEXITUFF · Nov 2021: +51.6% vs market
IVP · Sep 2020: +66.6% vs market
MAWANASUG · Dec 2020: +71.8% vs market
ZUARIIND · Sep 2020: +77.2% vs market
BHARATGEAR · Sep 2020: +80.1% vs market
ONEPOINT · Aug 2020: +81.2% vs market
A2ZINFRA · Feb 2021: +85.5% vs market
MANAKCOAT · Jan 2020: +87.6% vs market
OMAXAUTO · May 2023: +90.6% vs market
SIMPLEXINF · Aug 2023: +100.4% vs market
PRECOT · Jan 2020: +130.2% vs market
ASHIMASYN · Jul 2020: +149.6% vs market
MOHITIND · Jul 2020: +151.9% vs market
NIBL · Oct 2020: +161.3% vs market
VARDMNPOLY · Mar 2020: +169.1% vs market
SOMATEX · Dec 2020: +181.2% vs market
SUMIT · Mar 2022: +185.5% vs market
PRAKASHSTL · Feb 2020: +193.8% vs market
TOTAL · Sep 2021: +214.9% vs market
CCCL · Aug 2021: +226.6% vs market
SPMLINFRA · Jul 2023: +227.4% vs market
Similar setups +27.8%All companies +0.1%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 12 beyond the range shown, drawn at the edge

Similar setups' median
+27.8%
All companies' median
+0.1%
Beat the market
66% vs 50%

50 past situations · 50 companies · 32 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
SUPERSPIN
Process Industries		 Jan 2020 —-2% −48%−53% +7%
VARDMNPOLY
Process Industries		 Mar 2020 —-7% −61%−65% +169%
VGL
Miscellaneous		 Jun 2020 —0% −41%−45% +11%
PRAKASHSTL
Non-Energy Minerals		 Feb 2020 —-11% −43%−56% +194%
A2ZINFRA
Industrial Services		 Feb 2021 —-2% −7%−30% +86%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
ONEPOINT
Commercial Services		 Aug 2020 —1% −15%−45% +81%
MADHUCON
Industrial Services		 Jun 2020 —1% −55%−58% +46%
ORIENTLTD
Commercial Services		 Aug 2024 —4% +9%−25% −3%
How reliable is this?

Matched on P/S, ROCE, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, interest cover and drawdown from 12-month high. Not used (unavailable for this company): P/E and operating margin. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to BABA FOOD PROCESSING LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What changed?

14 events since Jun '24

  1. JunResultsEPS (TTM) turned negative.
  2. JunPriceFell 74% from the Nov 2023 peak to the Jun 2026 low.
  3. JunPeer rankSlipped to the bottom quartile of Process Industries on ROCE (from the 3rd quartile).
  4. JunDebtDebt / equity rose above 1.0x (1.18x).
  5. MayValuationP/E fell below the 10th percentile of its own history to date (10.5x).
  6. JanValuationP/E fell below the 10th percentile of its own history to date (10.2x).
  7. DecPeer rankSlipped to the bottom quartile of Process Industries on EPS growth (from the 3rd quartile).
  8. SepPeer rankMoved into the 3rd quartile of Process Industries on EPS growth (from the bottom quartile).
Show 6 earlier events
  1. JunResultsRevenue (TTM) reached a new high of ₹204 cr.
  2. JunPeer rankSlipped to the 3rd quartile of Process Industries on ROCE (from the 2nd quartile).
  3. DecPeer rankSlipped to the 3rd quartile of Process Industries on EPS growth (from the 2nd quartile).
  4. NovDebtDebt / equity halved over 12 months to 0.44x.
  5. NovSharesShare count is up 200.0% over 12 months.
  6. JunDebtDebt / equity fell below 1.0x (0.44x).

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history37 months · 2023-11 to 2026-11
MonthP/ERevenue (TTM)ROEROCEDebt / Equity
2026-11—₹203 cr-2.3%1.0%1.2x
2026-10—₹203 cr-2.3%1.0%1.2x
2026-09—₹203 cr-2.3%1.0%1.2x
2026-08—₹203 cr-2.3%1.0%1.2x
2026-07—₹203 cr-2.3%1.0%1.2x
2026-06—₹203 cr-2.3%1.0%1.2x
2026-0510.5x₹204 cr6.8%7.0%0.8x
2026-0410.8x₹204 cr6.8%7.0%0.8x
2026-037.9x₹204 cr6.8%7.0%0.8x
2026-029.6x₹204 cr6.8%7.0%0.8x
2026-0110.2x₹204 cr6.8%7.0%0.8x
2025-1212.6x₹204 cr6.8%7.0%0.8x
2025-1112.9x₹204 cr6.8%7.0%0.8x
2025-1013.7x₹204 cr6.8%7.0%0.8x
2025-0913.6x₹204 cr6.8%7.0%0.8x
2025-0814.0x₹204 cr6.8%7.0%0.8x
2025-0714.8x₹204 cr6.8%7.0%0.8x
2025-0614.8x₹204 cr6.8%7.0%0.8x
2025-0511.4x₹182 cr10.2%15.0%0.4x
2025-0411.3x₹182 cr10.2%15.0%0.4x
2025-0310.8x₹182 cr10.2%15.0%0.4x
2025-0212.7x₹182 cr10.2%15.0%0.4x
2025-0114.7x₹182 cr10.2%15.0%0.4x
2024-1215.8x₹182 cr10.2%15.0%0.4x
2024-1113.6x₹182 cr10.2%15.0%0.4x
2024-1014.5x₹182 cr10.2%15.0%0.4x
2024-0914.7x₹182 cr10.2%15.0%0.4x
2024-0814.3x₹182 cr10.2%15.0%0.4x
2024-0714.3x₹182 cr10.2%15.0%0.4x
2024-0614.0x₹182 cr10.2%15.0%0.4x
2024-0512.9x₹188 cr20.0%18.0%1.3x
2024-0413.7x₹188 cr20.0%18.0%1.3x
2024-0312.5x₹188 cr20.0%18.0%1.3x
2024-0216.0x₹188 cr20.0%18.0%1.3x
2024-0115.1x₹188 cr20.0%18.0%1.3x
2023-1216.1x₹188 cr20.0%18.0%1.3x
2023-1117.1x₹188 cr20.0%18.0%1.3x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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