A plain-language read of the business, how it actually earns, where the edge is, and the economics of every reported segment — taken from the annual report and investor presentation, not a one-line industry label.
Business model in plain language
The revenue engine — what actually generates cash
Segment revenue, PBIT, margin and capital employed
Operating KPIs — volumes, capacity, utilisation
Live once this company's filings, calls and disclosures have been read.
Announcement31 Aug - Rohan Kichlu resigned as CEO, Sanook Kitchen, effective August 31, 2026.Open
What you must understand
The three to six things that actually matter about this company, each with the exact filing and note it came from — never a fact without the context that makes it meaningful.
Reported profit vs operating profit
Management narrative vs the numbers
Standalone vs consolidated divergence
Audit opinion vs headline optimism
Live once this company's filings, calls and disclosures have been read.
Forensic models
Twelve models computed from the filed statements, each shown with this company's own numbers substituted into the formula.
Altman Z″ distress zone
Piotroski F-Score
Beneish M-Score
Accruals and cash conversion
DuPont decomposition
The formula notebook
Live once this company's filings, calls and disclosures have been read.
Reading the numbers on this pagetwo bases, both shown
What the filings we hold do not give
Models that need these lines are withheld rather than estimated: two comparable financial years. Nothing on this page is back-solved from a figure the company did not publish.
Against the sector29 companies
Median of the companies we hold in the same sector (Consumer Services). Every figure on both sides is the live feed's trailing twelve months, so the two are measured the same way whatever depth of extraction this company has had. A number only means something next to something else — expensive against the market and cheap against peers are different facts.
P/B
11.0×
6.4×
+72%
Return on equity
9.5%
13.7%
-31%
Operating margin
3.1%
23.4%
-87%
Net margin
-0.5%
20.3%
-102%
this companysector median
Growth & valuation workspace
Set your own assumptions and watch the numbers move. A scenario calculator — the outputs are the arithmetic of your inputs.
User-driven scenario tool. Implied value and CAGR follow only from the assumptions you set — not a FinMinutes forecast, recommendation, or target price.
Valuation & quality
One canonical set of figures — the same numbers used everywhere else on this page and on the screener.
What you payHow the price compares with earnings, book and sales.
P/B
11.03x
P/S
2.92x
What it earnsMargins and returns as the live feed reports them, on a rolling twelve months. The models above compute the same measures from the last audited statements, so the two can differ.
Operating margin
3.1%
trailing 12m, live feed
Net margin
-0.5%
trailing 12m, live feed
Return on equity
9.5%
trailing 12m, live feed
How it is fundedLeverage and what is returned to shareholders.
Debt / equity
2.49
leveraged
Book value / share
₹-2.7
Return on equity of 9.5% is built on a -0.5% net margin and debt of 2.49x equity. The full DuPont breakdown sits in the forensic models above.
Ownership & Skin in the Game
How the register has moved over recent quarters — the direction matters more than the level.
Promoter― 0.06
Sep '2561.42%
Dec '2561.37%
Mar '2661.36%
Jun '2661.36%
Promoter held steady from 61.42% to 61.36% across these quarters.
FII▲ 0.26
Sep '256.55%
Dec '255.77%
Mar '266.13%
Jun '266.81%
FII rose from 6.55% to 6.81% across these quarters.
MF▼ 0.68
Sep '2515.94%
Dec '2515.90%
Mar '2615.36%
Jun '2615.26%
MF trimmed from 15.94% to 15.26% across these quarters.
Other▲ 0.48
Sep '2516.09%
Dec '2516.96%
Mar '2617.15%
Jun '2616.57%
Other rose from 16.09% to 16.57% across these quarters.
From the filings, calls & disclosures
The part no one reads: the auditor's opinion, the contingent liabilities buried in the notes, the covenants, and the claims in the deck placed beside the figures that test them.
Buried in the footnotes — what the notes disclose and the summary does not
Risk register — every dispute, probe and contingent liability with its amount
Live once this company's filings, calls and disclosures have been read.
The analyst grilling
Where analysts pressed management on the earnings call, and exactly how management answered — the questions that were hardest to answer are usually the ones that matter.
The question, and who asked it
Management's answer, in their own framing
Live once this company's filings, calls and disclosures have been read.
Others in Consumer Services
The same read, applied to the companies this one competes with.
DISCLAIMER: FinMinutes is a financial data and analytics platform, not a registered investment adviser. Everything here is for educational and informational purposes. Forensic interpretations are computed from disclosed data and are not recommendations. Do your own due diligence.