Leo Dryfruits&Spices
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Leo Dryfruits & Spices Trading's board on 16 October scrapped its earlier plan to issue 70 lakh fully convertible warrants at Rs 55 apiece and approved a fresh issue of 70 lakh warrants at Rs 60 apiece to nine public investors, aggregating Rs 42 crore, subject to shareholder and stock exchange approvals. Each warrant carried a right to one Rs 10 equity share within 18 months, with 25% payable on allotment, and proceeds were earmarked at Rs 36 crore for working capital and Rs 6 crore for general corporate purposes, with an extraordinary general meeting to be convened by video conferencing. The August proposal had covered 70 lakh warrants at Rs 55 for Rs 38.5 crore to promoters and public investors, and no in-principle application had been made and no subscription money received under it. The company doubled consolidated revenue to Rs 174.2 crore in the year to March with net profit of Rs 10.5 crore. Receivables of Rs 75.5 crore and inventory of Rs 57 crore dwarfed equity of Rs 74 crore at the March year-end, with short-term borrowings doubling to Rs 33.6 crore.
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Leo Dryfruits & Spices Trading's board on 16 October scrapped its earlier plan to issue 70 lakh fully convertible warrants at Rs 55 apiece and approved a fresh issue of 70 lakh warrants at Rs 60 apiece to nine public investors, aggregating Rs 42 crore, subject to shareholder and stock exchange approvals. Each warrant carried a right to one Rs 10 equity share within 18 months, with 25% payable on allotment, and proceeds were earmarked at Rs 36 crore for working capital and Rs 6 crore for general corporate purposes, with an extraordinary general meeting to be convened by video conferencing. The August proposal had covered 70 lakh warrants at Rs 55 for Rs 38.5 crore to promoters and public investors, and no in-principle application had been made and no subscription money received under it. The company doubled consolidated revenue to Rs 174.2 crore in the year to March with net profit of Rs 10.5 crore. Receivables of Rs 75.5 crore and inventory of Rs 57 crore dwarfed equity of Rs 74 crore at the March year-end, with short-term borrowings doubling to Rs 33.6 crore.
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Leo Dryfruits & Spices Trading scheduled a board meeting for 16 October 2026 to consider withdrawing its earlier preferential warrant proposal and proposing a fresh preferential issue of warrants convertible into equity shares. The earlier proposal had been approved by the board on 8 August 2026 and by members on 4 September 2026, with a draft extraordinary general meeting notice for the fresh issue also on the agenda. The earlier issue comprised 70 lakh warrants priced at ₹55 apiece aggregating ₹38.5 crore with an 18-month conversion window. The company doubled consolidated revenue to ₹174.2 crore in FY26 with profit after tax of ₹10.5 crore, led by whole spices alongside dry fruits and blended spices. Receivables stood at ₹75.5 crore and inventory at ₹57 crore against equity of ₹74 crore, with short-term borrowings of ₹33.6 crore. It sold branded spices under Vandu and handled distribution for the Kinjal brand alongside frozen foods and snacks.
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Leo Dryfruits & Spices Trading scheduled a board meeting for 16 October 2026 to consider withdrawing its earlier preferential warrant proposal and proposing a fresh preferential issue of warrants convertible into equity shares. The earlier proposal had been approved by the board on 8 August 2026 and by members on 4 September 2026, with a draft extraordinary general meeting notice for the fresh issue also on the agenda. The earlier issue comprised 70 lakh warrants priced at ₹55 apiece aggregating ₹38.5 crore with an 18-month conversion window. The company doubled consolidated revenue to ₹174.2 crore in FY26 with profit after tax of ₹10.5 crore, led by whole spices alongside dry fruits and blended spices. Receivables stood at ₹75.5 crore and inventory at ₹57 crore against equity of ₹74 crore, with short-term borrowings of ₹33.6 crore. It sold branded spices under Vandu and handled distribution for the Kinjal brand alongside frozen foods and snacks.
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Leo Dryfruits & Spices Trading approved a preferential issue of up to 70 lakh fully convertible warrants at ₹55 each, potentially raising ₹38.5 crore, subject to shareholder and regulatory approvals. The warrants were proposed for nine allottees, including two promoters, would convert into one equity share each within 18 months, and would support working capital, capital expenditure, business expansion, strategic investments, debt repayment and general corporate purposes.
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Leo Dryfruits & Spices Trading approved a preferential issue of up to 70 lakh fully convertible warrants at ₹55 each, potentially raising ₹38.5 crore, subject to shareholder and regulatory approvals. The warrants were proposed for nine allottees, including two promoters, would convert into one equity share each within 18 months, and would support working capital, capital expenditure, business expansion, strategic investments, debt repayment and general corporate purposes.
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Aug 3 (Reuters) - Leo Dryfruits & Spices Trading Ltd LEOD.BO:
LEO DRYFRUITS & SPICES TRADING - TO CONSIDER FUND RAISING PROPOSALS AT BOARD MEETING ON AUGUST 08
Source text: ID:nBSE28srwZ
Further company coverage: LEOD.BO
(([email protected];))
Aug 3 (Reuters) - Leo Dryfruits & Spices Trading Ltd LEOD.BO:
LEO DRYFRUITS & SPICES TRADING - TO CONSIDER FUND RAISING PROPOSALS AT BOARD MEETING ON AUGUST 08
Source text: ID:nBSE28srwZ
Further company coverage: LEOD.BO
(([email protected];))
Leo Dryfruits & Spices Trading Limited received a Letter of Empanelment from Indian Railway Catering and Tourism Corporation Limited (IRCTC) under Category A in the Millet Based Products segment for its VANDU brand. The empanelment allows the company to participate in procurement processes to supply products such as millet mix and chikki to IRCTC catering units across India, including premium train services, though it does not guarantee any purchase orders.
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Leo Dryfruits & Spices Trading Limited received a Letter of Empanelment from Indian Railway Catering and Tourism Corporation Limited (IRCTC) under Category A in the Millet Based Products segment for its VANDU brand. The empanelment allows the company to participate in procurement processes to supply products such as millet mix and chikki to IRCTC catering units across India, including premium train services, though it does not guarantee any purchase orders.
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March 19 (Reuters) - Leo Dryfruits & Spices Trading Ltd LEOD.BO:
SUBSIDIARY ENTERS SUPPLY AGREEMENT WITH HALDIRAM MARKETING
EXPECTS REVENUE OF ABOUT 1.50 BILLION RUPEES PER ANNUM UNDER AGREEMENT
Source text: ID:nBSE5gRxks
Further company coverage: LEOD.BO
(([email protected];;))
March 19 (Reuters) - Leo Dryfruits & Spices Trading Ltd LEOD.BO:
SUBSIDIARY ENTERS SUPPLY AGREEMENT WITH HALDIRAM MARKETING
EXPECTS REVENUE OF ABOUT 1.50 BILLION RUPEES PER ANNUM UNDER AGREEMENT
Source text: ID:nBSE5gRxks
Further company coverage: LEOD.BO
(([email protected];;))
July 2 (Reuters) - Leo Dryfruits & Spices Trading Ltd LEOD.BO:
LEO DRYFRUITS & SPICES TRADING LTD - BUYS ASSETS OF MUNCHIN FOODS
LEO DRYFRUITS & SPICES TRADING LTD - DEAL VALUED AT 15 MILLION RUPEES
Source text: ID:nBSE5WmlZ3
Further company coverage: LEOD.BO
(([email protected];))
July 2 (Reuters) - Leo Dryfruits & Spices Trading Ltd LEOD.BO:
LEO DRYFRUITS & SPICES TRADING LTD - BUYS ASSETS OF MUNCHIN FOODS
LEO DRYFRUITS & SPICES TRADING LTD - DEAL VALUED AT 15 MILLION RUPEES
Source text: ID:nBSE5WmlZ3
Further company coverage: LEOD.BO
(([email protected];))
March 6 (Reuters) - Leo Dryfruits & Spices Trading Ltd LEOD.BO:
BOARD APPROVES INCORPORATION OF WHOLLY OWNED SUBSIDIARY
NEW ENTITY TO BELONG TO FOOD AND BEVERAGE CATERING INDUSTRY
Source text: ID:nBSE3dNZtk
Further company coverage: LEOD.BO
(([email protected];;))
March 6 (Reuters) - Leo Dryfruits & Spices Trading Ltd LEOD.BO:
BOARD APPROVES INCORPORATION OF WHOLLY OWNED SUBSIDIARY
NEW ENTITY TO BELONG TO FOOD AND BEVERAGE CATERING INDUSTRY
Source text: ID:nBSE3dNZtk
Further company coverage: LEOD.BO
(([email protected];;))
Feb 11 (Reuters) - Leo Dryfruits & Spices Trading Ltd LEOD.BO:
LEO DRYFRUITS & SPICES TRADING LTD - ENTERS AGREEMENT WITH KIRIN ADVISORS FOR PR SERVICES
Source text: ID:nBSE7JBMp5
Further company coverage: LEOD.BO
(([email protected];;))
Feb 11 (Reuters) - Leo Dryfruits & Spices Trading Ltd LEOD.BO:
LEO DRYFRUITS & SPICES TRADING LTD - ENTERS AGREEMENT WITH KIRIN ADVISORS FOR PR SERVICES
Source text: ID:nBSE7JBMp5
Further company coverage: LEOD.BO
(([email protected];;))
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What does Leo Dryfruits&Spices do?
Leo Dryfruits & Spices Trading is engaged in manufacturing/processing, trading and marketing of wide range of spices, dry fruits and other grocery products under the brand name ‘VANDU’ and frozen/semi fried products under the brand name of ‘FRYD’.
Who are the competitors of Leo Dryfruits&Spices?
Leo Dryfruits&Spices major competitors are Artemis ADR Mktplace, Hoac Foods India, Madhusudan Masala. Market Cap of Leo Dryfruits&Spices is ₹105 Crs. While the median market cap of its peers are ₹409 Crs.
Is Leo Dryfruits&Spices financially stable compared to its competitors?
Leo Dryfruits&Spices seems to be less financially stable compared to its competitors. Altman Z score of Leo Dryfruits&Spices is 3.52 and is ranked 4 out of its 4 competitors.
Does Leo Dryfruits&Spices pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Leo Dryfruits&Spices latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has Leo Dryfruits&Spices allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is Leo Dryfruits&Spices balance sheet?
Balance sheet of Leo Dryfruits&Spices is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Leo Dryfruits&Spices improving?
Yes, profit is increasing. The profit of Leo Dryfruits&Spices is ₹10.54 Crs for TTM, ₹8.16 Crs for Mar 2025 and ₹6.73 Crs for Mar 2024.
Is the debt of Leo Dryfruits&Spices increasing or decreasing?
Yes, The net debt of Leo Dryfruits&Spices is increasing. Latest net debt of Leo Dryfruits&Spices is ₹36.79 Crs as of Mar-26. This is greater than Mar-25 when it was ₹20.76 Crs.
Is Leo Dryfruits&Spices stock expensive?
Leo Dryfruits&Spices is not expensive. Latest PE of Leo Dryfruits&Spices is 9.93, while 3 year average PE is 13.56. Also latest EV/EBITDA of Leo Dryfruits&Spices is 4.09 while 3yr average is 4.91.
Has the share price of Leo Dryfruits&Spices grown faster than its competition?
Leo Dryfruits&Spices has given lower returns compared to its competitors. Leo Dryfruits&Spices has grown at ~-13.24% over the last 1yrs while peers have grown at a median rate of 279.65%
Is the promoter bullish about Leo Dryfruits&Spices?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Leo Dryfruits&Spices is 38.09% and last quarter promoter holding is 38.11%. Please check if dilutions happened via QIP/ Offerings etc.
Are mutual funds buying/selling Leo Dryfruits&Spices?
There is Insufficient data to gauge this.