Pajson Agro India Ltd. · BSE:PAJSON
Pajson Agro India — H2 FY26 Earnings Presentation
28 slides from Pajson Agro India's earnings presentation, May 2026
Slide 1: Pajson Agro India Limited H2 FY26 Investor Presentation
Pajson Agro India Limited H2 FY26 Investor Presentation
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Pajson Agro India Limited(“Pajson Agro”, the Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities,
Slide 3: Integrated Cashew Processing and Distribution Platform
Integrated Cashew Processing and Distribution Platform Pajson Agro India Limited processes Raw Cashew Nuts (RCN) into market-ready cashew kernels for domestic and international markets. The company offers multiple cashew grades in bulk and retail formats and markets packaged dry fruits under its con
Slide 4: Key Facts at a Glance
Key Facts at a Glance Incorporated Manufacturing Facility Installed Capacity (March, 2026) 2021, New Delhi, India Andhra Pradesh 18,000 MTPA | ~86% Utilisation Product Portfolio Cashew Kernels, Market Presence Cashew Shell, Distribution Network 20+ States & Union Husk and B2C 170+ Territories Royal
Slide 5: Strategic Milestones Shaping Pajson Agro's Growth Journey
Strategic Milestones Shaping Pajson Agro’s Growth Journey 2021 2024 Incorporated & Acquired Consumer Brand Launch Manufacturing Facility Introduced the Incorporated in Delhi and “Royal Mewa” brand acquired a cashew processing for packaged dry fruits. unit in Andhra Pradesh from Olam Agro India. Expa
Slide 6: Experienced leadership driving operational and strategic growth
Experienced leadership driving operational and strategic growth Mr. Aayush Jain Mr. Pulkit Jain Promoter, Chairman & Managing Director Promoter & Non-Executive Director 16+ Years of Experience 12+ Years of Experience Operations Leadership | Sales Strategy | Market Expansion Commodity Trading | Procu
Slide 7: Leadership Backed by Operational, Financial & Governance Strength
Leadership Backed by Operational, Financial & Governance Strength Mr. Aayush Jain Mr. Pulkit Jain Promoter, Chairman & Managing Director Promoter & Non-Executive Director Ms. Anjali Jain Ms. Priyanka Devi Mr. Prince Wadhwa (Whole-Time Director) (Independent Director) (Independent Director) Brings ov
Slide 8: End-to-End Cashew Processing and Distribution Model
End-to-End Cashew Processing and Distribution Model Automated 170+ Processing RCN Sourcing Royal Mewa from Africa Including Shelling, zKernel Grading and Packaging Distributors Across 20+ Consumer Brand Drying, Peeling and States Sorting Receipt of Pre Cleaning Sizing of RCNs of RCNs RCNs Storage Co
Slide 9: Modern Processing and Automation Setup
Modern Processing and Automation Setup Cashew Shelling Silos for holding, drying, and Color sorter for Shelled Peeling Machines batch-wise weighing of RCN Cashew Nuts Machine Taiho Machine Sorter for peeled 1 ton capacity color sorter 2-tonnes capacity color sorter cashew kernels for peeled cashew k
Slide 10: Product Mix and Revenue Contribution
Product Mix and Revenue Contribution Whole Cashew Grades (“W” Grades) Product Wise Revenue (In %) 120% Cashew Kernels Raw Cashew Nuts By-products Others 0.00% 0.97% 0.18% 100% 4.69% 5.36% 4.53% 0.85% 3.70% 6.06% W 180 W 240 W 320 W 400 80% Scorched Whole Grades (“SW” Grades) 60% 90.94% 89.23% 93.49%
Slide 11: Royal Mewa – Early Growth in the Branded Dry Fruits Segment
Royal Mewa – Early Growth in the Branded Dry Fruits Segment Products Royal Mewa Revenue Grew Over 6.5x Within One Year, Indicating Strong Early Traction In The B2C Segment. Royal Mewa Revenue Contribution In Lakhs In % z 500 1.91% 1.81% 450 1.68% 1.71% 1.61% 400 Sales Channels (Online) 1.51% 1.41% 3
Slide 12: Global Procurement Network and Institutional Customer Base
Global Procurement Network and Institutional Customer Base Global RCN Sourcing Network Institutional Procurement across 8 key African producing countries Segment-wise Revenue Mix (In%) Customer Network Revenue Contribution Split (In%) Distributors Institutions Others 120% Ghana Ivory Coast 1.03% 1.2
Slide 13: Extensive Distributor Network
Extensive Distributor Network FY26 Stat-wise Distributor (In No.) FY26 Stat-wise Revenue Contribution (In %) 0.00% 10.00% 20.00% 30.00% Delhi 24.76% 5 Maharashtra 13.40% 10 Rajasthan 12.94% Andhra Pradesh 12.00% 22 25 3 Uttar Pradesh 9.11% Haryana 7.27% 9 2 Madhya Pradesh 5.75% Karnataka 4.18% 7 Guj
Slide 14: Processing Capacity and Expansion
Processing Capacity and Expansion Accreditations Current Operational Capacity • 18,000 MTPA • ~86% utilisation • Facility Area: 1.44 Lakh sq. ft. • Location: Anakapalli, Andhra Pradesh • ~90% Women Workforce Expansion Underway • 7.73 lakh sq. ft. land acquired • +35,000 MT additional capacity • Tria
Slide 15: Go-to-Market Strategy
Go-to-Market Strategy Institutional Demand Engine Multi-Channel Market Access Complete Cashew Value Utilization • Supplies to leading food brands, modern retail Near-zero waste processing model enabling chains and dry fruit companies • Sales through distributors, institutional monetization across th
Slide 16: Cashew Market Overview & Consumption Trends
Cashew Market Overview & Consumption Trends Global Cashew Overview India – A Global Demand Anchor Global raw cashew production is estimated at ~5.5 – 5.8 Mn MT • India is one of the largest consumption markets globally, accounting annually, with supply highly concentrated in Africa and Asia. for ove
Slide 17: H2 FY26 Financial Highlights- Standalone
H2 FY26 Financial Highlights- Standalone Total Income Profits Margins In ₹ Crore In ₹ Crore In % EBITDA PAT PAT Margin EBITDA Margin 139 17 16.00% 14.00% 14.00% 14 101 12.10% 12.00% 11 9.61% 10.00% 10 7.63% 8.00% 6.00% 4.00% 2.00% 0.00% H2 FY25 H2 FY26 H2 FY25 H2 FY26 H2 FY25 H2 FY26 Investor Presen
Slide 18: H2 FY26 Profit & Loss Statement- Standalone
H2 FY26 Profit & Loss Statement- Standalone All Figures In ₹ Cr & Margin In % Particulars H2 FY26 H2 FY25 YoY Revenues 137.35 100.84 Other Income 1.19 0.01 Total Income 138.54 100.85 37.38% Raw Material Expenses 105.94 76.00 Employee Costs 6.41 4.56 Other Expenses 9.44 6.16 Total Expenditure 121.79
Slide 19: Management Commentary on H2 FY26 Performance
Management Commentary on H2 FY26 Performance “FY26 has been a defining and milestone year for Pajson Agro. Alongside delivering strong financial growth, we successfully achieved our BSE SME listing in December 2025, marking an important step in our long-term journey of building a scalable and integr
Slide 20: Key Financial Highlights- Standalone
Key Financial Highlights- Standalone Total Income Profits Margins In ₹ Crore In ₹ Crore In % EBITDA PAT PAT % EBITDA % 38 16.16% 17.00% 257 14.72% 15.00% 30 13.00% 187 25 10.90% 11.00% 9.65% 20 9.00% 5.97% 7.00% 96 5.00% 3.49% 3.00% 6 3 1.00% -1.00% FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Inves
Slide 21: Profit & Loss and Cash Flow Statement- Standalone
Profit & Loss and Cash Flow Statement- Standalone All Amount ₹ In Cr & Margins In Particulars FY26 FY25 FY24 Revenues 255.72 187.27 95.91 Other Income 1.20 0.01 0.12 Total Income 256.92 187.28 96.04 Raw Material Expenses 188.24 136.65 75.02 Employee costs 11.90 9.45 7.91 Other Expenses 18.96 10.92 7
Slide 22: Balance Sheet Statement- Standalone
Balance Sheet Statement- Standalone In ₹ Cr Equities & Liabilities FY26 FY25 FY24 Assets FY26 FY25 FY24 Equity 23.81 3.50 3.50 Non Current Assets Reserves 112.22 40.71 20.29 Fixed assets 41.50 31.19 23.06 Net Worth 136.03 44.21 23.79 Non Current Investments 0.00 0.00 0.00 Non Current Liabilities Oth
Slide 23: Key Ratios
Key Ratios ROE ROCE Current Ratio Receivable Turnover Ratio In % In % In Times In Times 46.16% 49.13% 53.17 2.51 1.64 31.18 18.22% 21.09% 14.09% 1.04 12.43% 14.01 *The ROE has experienced a temporary decline due to an increase in *The ROCE has experienced a temporary decline due to an increase in sh
Slide 24: Way Ahead
Way Ahead Building a Globally Integrated Farm-to-Fork Platform Structural Advantage Through Farm-Gate Sourcing (Core MOAT) Establishing an end-to-end integrated model spanning farm-gate Deep-rooted relationships with farmers, local buying agents, and communities built over a sourcing, scalable proce
Slide 25: Strategic Greenfield Expansion Underway
Strategic Greenfield Expansion Underway Infrastructure Progress • Site clearing and land leveling completed • Production shed foundation work is ongoing • RCN warehouse foundation work is ongoing Approvals & Compliance • Approval received from the Irrigation Department • CTE received • Approvals fro
Slide 26: Investment Rationale
Investment Rationale Institutional Demand Base Scalable Processing Platform • Supplies to leading food brands, retail chains and • 18,000 MT installed capacity | ~86% utilisation dry fruit companies • Capacity expansion to 70,000–80,000 MT • Institutional buyers enable large-volume recurring targete
Slide 27: Share Performance and Stock Data
3500000 1500000 2500000 0 2000000 3000000 500000 1000000 18-Dec-25 Source: NSE 20-Dec-25 130.2 22-Dec-25 24-Dec-25 Face Value ₹ Share Price ₹ 26-Dec-25 Stock Data 28-Dec-25 Investor Presentation 30-Dec-25 52 Week High-Low ₹ 01-Jan-26 03-Jan-26 05-Jan-26 No. of Share Outstanding Market Capitalization
Slide 28: Thank You
Thank You Pajson Agro India Limited Pajson Agro India Ltd. 510, 5th Floor, Pearl Omaxe Tower, Netaji Subhash Place, Pitampura, Delhi-110034 Email: info@pajsonagro.com Phone: 011-43026646 Website: pajsonagro.com Kirin Advisors Private Limited 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 6