Oceanic Foods

Why is Oceanic Foods Ltd falling/rising?

As of 01-Sep, Oceanic Foods Ltd's stock price is at Rs 52.26, down 8.32% due to a trend reversal and underperformance compared to its sector. The stock has shown a consistent downward trend, with significant drops in investor participation and overall weak long-term fundamentals.

As of 01-Sep, Oceanic Foods Ltd's stock price is falling, currently at Rs 52.26, reflecting a decrease of Rs 4.74 or 8.32%. This decline is attributed to several factors. Firstly, the stock has underperformed its sector by 4.52% today and has experienced a trend reversal after five consecutive days of gains, indicating a shift in market sentiment. The stock opened with a significant loss of 3.51% and reached an intraday low of Rs 51.5, marking a decline of 9.65%.<BR><BR>Additionally, the stock's performance over various periods shows a consistent downward trend, with a year-to-date decline of 28.36% compared to a 9.71% drop in the benchmark index. Over the past year, the stock has generated a return of -28.56%, significantly underperforming the BSE500 index. The weighted average price indicates that more volume was traded closer to the low price, suggesting a lack of investor confidence.<BR><BR>Investor participation has also fallen sharply, with delivery volume dropping by 79.71% against the five-day average, further highlighting the waning interest in the stock. Although the company reported positive results in June, including the highest profit before tax and profit after tax, the overall long-term fundamental strength appears weak, with a CAGR growth in net sales of only 8.53% over the last five years. This combination of factors contributes to the stock's current decline.

Who are in the management team of Oceanic Foods?

The management team of Oceanic Foods includes Ajesh Vinodrai Patel (Chairman & Wholetime Director), Tulan V Patel (Managing Director & CEO), and several independent directors: Nitesh Chandrakant Kotecha, Vaidehi Jagdish Majithia, and Rashmikant Dhirajlal Makwana, along with Company Secretary Krishna Subhashbhai Adhyaru and Additional Director Mazhar Shaikh. They oversee the company's operations and strategic direction.

The management team of Oceanic Foods includes the following individuals:<BR><BR>1. **Ajesh Vinodrai Patel** - Chairman & Wholetime Director<BR>2. **Nitesh Chandrakant Kotecha** - Independent Director<BR>3. **Vaidehi Jagdish Majithia** - Independent Director<BR>4. **Rashmikant Dhirajlal Makwana** - Independent Director<BR>5. **Krishna Subhashbhai Adhyaru** - Company Secretary<BR>6. **Tulan V Patel** - Managing Director & CEO<BR>7. **Mazhar Shaikh** - Additional Director<BR><BR>This team is responsible for overseeing the company's operations and strategic direction.

What does Oceanic Foods do?

Oceanic Foods Ltd manufactures and exports dehydrated spices and vegetables in the FMCG sector. As of June 2026, it reported net sales of 41 Cr and a net profit of 2 Cr, with a market cap of INR 64 Cr.

Overview:<BR>Oceanic Foods Ltd is engaged in the manufacturing and exporting of dehydrated spices and vegetables within the FMCG industry, classified as a micro-cap company.<BR><BR>History:<BR>Oceanic Foods Limited was incorporated in 1994 as "Gujarat Oceanic Foods Private Limited" and underwent several name changes, becoming "Oceanic Foods Limited" on August 22, 2016. The most recent quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot:<BR>Net Sales: 41 Cr (Quarterly Results - Jun 2026) <BR>Net Profit: 2 Cr (Quarterly Results - Jun 2026) <BR>Market Cap: INR 64 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 9.00 <BR>Industry P/E: 44 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 0.86 <BR>Return on Equity: 19.16% <BR>Price to Book: 1.64 <BR><BR>Contact Details:<BR>Address: Opp Brooke Bond Factory, PN Marg Jamnagar Gujarat : 361002 <BR>Tel: 91-0288-2757366/77 <BR>Email: accounts@oceanicfoods.com <BR>Website: http://www.oceanicfoods.com

Who are the peers of the Oceanic Foods?

Oceanic Foods' peers include Virat Crane Inds, Tanvi Foods, Kothari Ferment., Artemis ADR Mark, Ceeta Industries, Warren Tea, Sampre Nutrition, and Saboo Sodium. Oceanic Foods has average management risk and capital structure, with a 1-year return of -18.50%, better than Tanvi Foods but worse than Ceeta Industries.

Peers: The peers of Oceanic Foods are Virat Crane Inds, Tanvi Foods, Kothari Ferment., Artemis ADR Mark, Ceeta Industries, Warren Tea, Sampre Nutrition, and Saboo Sodium.<BR><BR>Quality Snapshot: Excellent management risk is observed at Virat Crane Inds, while Average management risk is found at Oceanic Foods and the rest. Below Average management risk is noted for Tanvi Foods, Kothari Ferment., Artemis ADR Mark, Ceeta Industries, Warren Tea, Sampre Nutrition, and Saboo Sodium. Growth is Average at Ceeta Industries, while Below Average growth is seen at Oceanic Foods, Virat Crane Inds, Tanvi Foods, Kothari Ferment., Artemis ADR Mark, Warren Tea, Sampre Nutrition, and Saboo Sodium. Capital Structure is Excellent at Virat Crane Inds, Good at Artemis ADR Mark, and Average at Oceanic Foods, with Below Average capital structure for Tanvi Foods, Kothari Ferment., Ceeta Industries, Warren Tea, Sampre Nutrition, and Saboo Sodium.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Ceeta Industries at -16.67%, while Tanvi Foods has the lowest at -44.25%. Oceanic Foods' 1-year return of -18.50% is better than Tanvi Foods but worse than Ceeta Industries. Additionally, the six-month return is negative for Tanvi Foods, Kothari Ferment., Ceeta Industries, Warren Tea, Sampre Nutrition, and Saboo Sodium.

How big is Oceanic Foods?

As of 31st August, Oceanic Foods Ltd has a market capitalization of 64.00 Cr, with recent net sales of 166.94 Cr and a net profit of 7.46 Cr. Shareholder's funds are 38.67 Cr and total assets amount to 90.76 Cr as of March 2025.

As of 31st August, Oceanic Foods Ltd has a market capitalization of 64.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Oceanic Foods reported Net Sales of 166.94 Cr and a Net Profit of 7.46 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 38.67 Cr and Total Assets of 90.76 Cr.

Which are the latest news on Oceanic Foods?

Should I buy, sell or hold Oceanic Foods Ltd?

When is the next results date for Oceanic Foods Ltd?

The next results date for Oceanic Foods Ltd is 10 August 2026.

The next results date for Oceanic Foods Ltd is scheduled for 10 August 2026.

Are Oceanic Foods Ltd latest results good or bad?

Oceanic Foods Ltd's latest results are mixed; while profitability improved with a net profit of ₹1.92 crores and better margins, net sales declined by 6.67% for the second consecutive quarter, raising concerns about future growth and market demand.

Oceanic Foods Ltd's latest results present a mixed picture. On one hand, the company has shown improvement in profitability, with a net profit of ₹1.92 crores in Q4 FY26, reflecting a 14.29% increase quarter-over-quarter. Additionally, both the PAT margin and operating margin improved, indicating better operational efficiency and cost management.<BR><BR>However, the revenue side of the equation is concerning. Net sales for the quarter declined by 6.67% sequentially, marking the second consecutive quarter of revenue decline. This trend is particularly troubling given the strong growth the company experienced in FY25, where net sales rose by 34.90% year-on-year.<BR><BR>Overall, while Oceanic Foods has managed to enhance its margins and profitability, the ongoing revenue contraction raises questions about its growth trajectory and market demand. The company is at a critical juncture where it needs to reverse the revenue decline while maintaining its margin improvements to ensure long-term sustainability.

How has been the historical performance of Oceanic Foods?

Oceanic Foods has shown consistent growth in net sales and profitability, with net sales increasing from 85.70 Cr in Mar'23 to 142.36 Cr in Mar'25, and profit after tax rising to 4.95 Cr from 3.02 Cr in the same period. However, rising raw material costs and negative cash flow from operating activities indicate challenges despite overall financial growth.

Answer:<BR>The historical performance of Oceanic Foods shows a consistent growth trajectory in net sales and profitability over the years.<BR><BR>Breakdown:<BR>Oceanic Foods has demonstrated significant growth in net sales, increasing from 85.70 Cr in Mar'23 to 142.36 Cr in Mar'25. Other operating income also rose, reaching 4.74 Cr in Mar'25 from 3.23 Cr in Mar'23. Total operating income followed this upward trend, climbing to 147.10 Cr in Mar'25 from 88.93 Cr in Mar'23. However, raw material costs surged to 119.40 Cr in Mar'25, up from 63.32 Cr in Mar'23, impacting the overall expenditure, which increased to 136.63 Cr in Mar'25 from 83.25 Cr in Mar'23. Despite these rising costs, operating profit (PBDIT) improved to 10.56 Cr in Mar'25 from 5.80 Cr in Mar'23, indicating enhanced operational efficiency. Profit before tax also increased to 6.35 Cr in Mar'25 from 4.14 Cr in Mar'23, leading to a profit after tax of 4.95 Cr in Mar'25, up from 3.02 Cr in Mar'23. The earnings per share (EPS) rose to 4.4 in Mar'25 from 2.68 in Mar'23, reflecting strong profitability growth. On the balance sheet, total assets grew to 90.76 Cr in Mar'25 from 41.81 Cr in Mar'23, while total liabilities increased to 90.76 Cr from 41.81 Cr, indicating a significant expansion in the company's financial base. Cash flow from operating activities showed a negative trend, with a cash outflow of 8.00 Cr in Mar'25 compared to a positive inflow of 16.00 Cr in Mar'23, highlighting challenges in cash generation despite overall profitability.

Is Oceanic Foods overvalued or undervalued?

As of September 23, 2025, Oceanic Foods is considered very attractive and undervalued with a PE ratio of 14.84, strong performance with a 48.37% year-to-date return, and significantly lower PE compared to peers like Hindustan Unilever and Nestle India, making it a compelling investment opportunity in the FMCG sector.

As of 23 September 2025, the valuation grade for Oceanic Foods has moved from attractive to very attractive, indicating a strong improvement in its perceived value. The company is currently considered undervalued, with a PE ratio of 14.84, an EV to EBITDA of 9.76, and a ROE of 14.25%. In comparison to its peers, Oceanic Foods stands out with a significantly lower PE ratio than Hindustan Unilever, which has a PE of 55.64, and Nestle India, which has a PE of 74.77, reinforcing the notion of its undervaluation.<BR><BR>The company's performance has been impressive, with a year-to-date return of 48.37%, significantly outperforming the Sensex's return of 5.07% over the same period. This strong performance, combined with its favorable valuation metrics, suggests that Oceanic Foods is well-positioned in the FMCG sector, making it an attractive investment opportunity.

Who are the top shareholders of the Oceanic Foods?

The top shareholder of Oceanic Foods is Ajesh V. Patel, holding 74.07%, followed by Ritaben Chandrakant Sadaria with 3.23%. Individual investors collectively own 24.45%, with no holdings from mutual funds or foreign institutional investors.

The top shareholders of Oceanic Foods include Ajesh V. Patel, who is the promoter with the highest holding at 74.07%. The next significant public shareholder is Ritaben Chandrakant Sadaria, holding 3.23%. Additionally, individual investors collectively hold 24.45% of the shares. There are currently no holdings by mutual funds or foreign institutional investors.

What is the technical trend for Oceanic Foods?

As of May 16, 2025, Oceanic Foods shows a mildly bullish trend supported by bullish MACD and KST indicators, despite some short-term weakness indicated by the RSI and moving averages.

As of 16 May 2025, the technical trend for Oceanic Foods has changed from mildly bearish to mildly bullish. The weekly MACD is bullish, supporting the positive shift in sentiment, while the monthly MACD also confirms this bullish stance. However, the weekly RSI is bearish, indicating some short-term weakness. The Bollinger Bands are mildly bullish on both weekly and monthly time frames, suggesting a potential for upward movement. Moving averages on the daily chart remain mildly bearish, which could be a concern for short-term traders. The KST is mildly bullish weekly and bullish monthly, reinforcing the overall positive outlook. Dow Theory shows a mildly bullish trend on the weekly chart, but no clear trend on the monthly. Overall, the current stance is mildly bullish, driven primarily by the bullish MACD and KST indicators, despite some mixed signals from the RSI and moving averages.

What is the bonus history of the Oceanic Foods?

Oceanic Foods issued a 2:1 bonus on June 27, 2019, with a record date of June 28, 2019, meaning shareholders received one additional share for each share held on that date.

Oceanic Foods has a bonus history that includes a 2:1 bonus issue announced on June 27, 2019. The record date for this bonus was June 28, 2019. This means that shareholders received one additional share for every share they held as of the record date. If you have any more questions about Oceanic Foods or need further details, feel free to ask!

Has Oceanic Foods declared dividend?

Yes, Oceanic Foods Ltd has declared a 1% dividend, amounting to 0.1 per share, but the dividend yield is 0%. Total returns have varied significantly, with a notable 117.4% return over two years, while other periods showed mixed or negative performance.

Oceanic Foods Ltd has declared a 1% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 1%<BR>- Amount per share: 0.1<BR>- Ex-date: 19 Sep 19<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6 months period, the price return was -0.31%, the dividend return was 0%, resulting in a total return of -0.31%.<BR><BR>For the 1 year period, the price return was 0%, the dividend return was 0%, leading to a total return of 0.0%.<BR><BR>Over the 2 years period, the price return was 117.4%, the dividend return was 0%, which resulted in a total return of 117.4%.<BR><BR>In the 3 years period, the price return was 2.3%, the dividend return was 0%, culminating in a total return of 2.3%.<BR><BR>For the 4 years period, the price return was -13.92%, the dividend return was 0%, resulting in a total return of -13.92%.<BR><BR>In the 5 years period, the price return was 25.9%, the dividend return was 0%, leading to a total return of 25.9%.<BR><BR>Overall, while Oceanic Foods has declared a dividend, the dividend yield remains at 0%. The total returns show significant variability, with a strong performance over two years but negative returns in other periods, indicating mixed financial performance.