This company listed within the last twelve months, so its prospectus is still the primary source. The figures below were extracted from the DRHP and RHP before listing and scored then, and they are shown here as they stand in the IPO record rather than restated.
Each flag is a fact read in the filing, shown with the context that makes it meaningful.
Stated objects, as worded in the offer document. Deployment against them is tracked separately.
Claims made in the offer document, to be read against what the company has reported since.
Incorporated in December 2023 upon conversion from a partnership firm formed in 2017, Peshwa Wheat Limited operates an integrated flour processing unit at Industrial Growth Centre Apparel Cluster, Bijepur, Indore, Madhya Pradesh. The company processes wheat-based products including Atta (wheat flour), Sortex Wheat, Broken Wheat, Wheat Bran (used for cattle feed), and other flour products such as Gram Flour (Besan) and Maize Flour, sold primarily in 50 kg and 30 kg packaging segments. Products are sold through super stockists (accounting for 55.39% of FY25 revenue) and directly to customers/stockists. In FY26, wheat products contributed 85.79% (Atta 38.25%, Sortex Wheat 42.43%, Broken Wheat 3.55%, Wheat Bran 1.56%), maize flour contributed 10.62%, and trading of vegetables contributed 3.59% to total revenue from operations. Operations are heavily concentrated in Madhya Pradesh, which generated 97.21% of domestic revenue in FY26. Raw materials (wheat, chana dal, maize) are sourced entirely from suppliers within Madhya Pradesh, with related party Peshwa Nutrition Private Limited supplying 38.48% of raw materials in FY26 (54.54% in FY25).
Integrated zero-waste/zero-discharge processing facility, strategic raw material procurement relationship with group company Peshwa Nutrition Private Limited under MSME sub-lease guidelines, established distribution network via super stockists, and strong presence in Madhya Pradesh.
Peshwa Wheat Limited is engaged in the business of processing wheat-based products such as Atta (wheat flour), Sortex Wheat, Broken Wheat, and other flour products including Gram Flour (Besan) and Maize Flour.
Source: p.28, 103, 110, 141, 162, 164
The comparable set the company chose, which is itself a disclosure.
| Name | Margin | Pb | Pe | Roe | Listed on | Source |
|---|---|---|---|---|---|---|
| Baba Foods Processing India Limited | 13.1 | 4.63 | sme | p.119 | ||
| Megastar Foods Limited | 40.93 | 8.97 | mainboard | p.119 |
As presented in the offer document. Post-listing figures are in the statements above.
| Basis | Period | Related party revenue cr | Pat cr | Pat margin | Revenue cr | Pat margin derived | Cff cr |
|---|---|---|---|---|---|---|---|
| standalone | FY26 | 9.5799 | 15.8082 | 7.32% | 215.9352 | yes | 0.0428 |
| standalone | FY25 | 8.4599 | 11.8361 | 6.9% | 171.535 | yes | 13.5454 |
| standalone | FY24 | 0.6374 | 5.2106 | 11.9% | 43.793 | yes | 5.0349 |
Written before listing, answered from the document itself.
How are the fresh issue IPO proceeds allocated across plant expansion, civil works, working capital, and general corporate purposes?
Fresh issue proceeds are allocated as: Rs. 6.6909 crore for purchase of plant and machinery, Rs. 5.0120 crore for civil construction, Rs. 26.5000 crore for funding working capital requirements, and the balance for General Corporate Purposes (capped at 25%).
p.81, 82
What is the promoters' shareholding pre and post-issue, and what is their acquisition cost history?
Promoters Rahat Ali Saiyed, Sadaf Saiyed, Shehnaj, Mo. Jed, and Riyazuddin Qureshi hold 72.61% pre-issue equity (9,968,000 shares), diluting to 52.39% post-issue. A 1:1 bonus issue of 6,864,498 shares in July 2024 expanded insider shareholding at Rs. 0.00, while preferential allottees paid Rs. 44.00 per share in January 2024.
p.65, 66, 67, 72
What are the key related-party transactions, raw material supply dependencies, and promoter loans?
Raw material purchases from group entity Peshwa Nutrition Private Limited totaled Rs. 75.7546 crore in FY26 (38.48% of total raw material purchases). Sales of finished goods to promoter entity Peshwa Bakers totaled Rs. 9.5799 crore. Unsecured loans from promoter family and group entities total Rs. 14.5846 crore (61.45% of total debt of Rs. 23.7360 crore), all repayable on demand. Promoters provided personal guarantees covering bank facilities.
p.23, 28, 50, 51, 135
How did operating cash flow perform relative to restated net profits over FY24 to FY26?
Restated PAT grew from Rs. 5.2106 crore in FY24 to Rs. 11.8361 crore in FY25 and Rs. 15.8082 crore in FY26. Operating cash flow (CFO) recovered strongly to +Rs. 15.6445 crore in FY26, rebounding from negative operating cash flows of -Rs. 13.1047 crore in FY25 and -Rs. 2.0241 crore in FY24 due to working capital stabilization.
p.45, 47, 272
What secretarial, statutory compliance, litigation, and tax findings exist for the company?
The company operates an integrated processing plant with 24 employees. An Income Tax demand of Rs. 4.7476 crore u/s 143(1)(a) for AY 2025-26 is outstanding. Statutory auditor M/s. Bakliwal & Co., Chartered Accountants, has served continuously without modification or qualification.
p.28, 30, 277
What are the application lot terms, retail ticket requirements, market maker details, and exit constraints for public investors?
The offer is listed on BSE SME with a minimum retail application requirement of 2 lots. Trading occurs strictly in standardized market lots, and because lots are indivisible, partial exit or fractional lot trading is impossible. Bhansali Value Creations Private Limited is the Market Maker with 295,200 reserved shares (5.57%) and a mandatory 3-year obligation period. Standard SME 5% price circuit limits apply.
p.1, 5, 6, 61, 64, 220
What the issue priced at, on the figures in the document.
How the book filled. A category that bid far above the rest is a different signal from a uniformly covered issue.
| Date | Name | Shares | Price per share | Category | Issue type | Source |
|---|---|---|---|---|---|---|
| 2023-12-26 | Initial Subscribers to MOA on Conversion | 6200000 | 10 | promoter | initial | p.65 |
| 2024-01-25 | Preferential Allottees | 664498 | 44 | other | preferential | p.65, 66 |
| 2024-07-23 | Existing Shareholders | 6864498 | 0 | promoter | bonus | p.65, 66 |
Transactions with promoters, directors and their entities, as disclosed.
| Counterparty | Amount cr | Nature | Relationship | Core function | Source |
|---|---|---|---|---|---|
| Peshwa Nutrition Private Limited | 75.7546 | purchase | group company | yes | p.50, 125 |
| Peshwa Bakers | 9.5799 | sale | promoter-owned entity | yes | p.50, 123 |
| Rahat Ali Saiyad | 0.18 | remuneration | director | yes | p.50, 122 |
| Sadaf Saiyad | 0.18 | remuneration | director | yes | p.50, 122 |
| Rahat Ali Saiyad | 3.3956 | loan taken | director | no | p.50, 125 |
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.
Set your own assumptions and watch the numbers move. A scenario calculator — the outputs are the arithmetic of your inputs.
What this sector is read on: Underlying volume growth, Price growth, Rural against urban growth, Gross margin, A&P, % of sales. These come from the filings, not the market feed, and appear here once a quarter is read.
Read using the FMCG framework (from the listed sector). Primary valuation lens: P/E against volume growth.
Read more closely in this sector: Volume against price in reported growth · Ad spend cut to protect margin.
The same read, applied to the companies this one competes with.