- NEGATIVE
Annual Revenue Gurunanak Agriculture Mar-2026 Annual Revenue is Rs 42 Cr which is growth of -3.6% YoY.
- POSITIVE
Annual Net Profit Gurunanak Agriculture Mar-2026 Annual Net Profit is Rs 6 Cr which is growth of 0.5% YoY.
Gurunanak Agriculture India was incorporated on February 05, 2010. The company manufactures agricultural machinery such as threshers, harvesters, reapers, rotavators, and cultivators. Its product range includes paddy, groundnut, wheat, maize, and multi-crop threshers, along with reapers and rotavators.
| Bidding Dates |
|---|
| 24 Sep 2025 - 26 Sep 2025 |
| Subscription |
|---|
| 1.68x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹240,000 | 2 | 2 | 1600 | 3.8 M | ₹75 | 68 % | ₹288.0 M | RHP DOC |
Gurunanak Agriculture IPO SUBSCRIPTION STATUS
26 Sep '25Total1.68x
Retail Individual Investor2.99x
HNI (NII) Investors0.38x
Qualified Institutional Buyers-
Gurunanak Agriculture IPO overall subscription rate was 1.68 times the total available shares
Gurunanak Agriculture IPO retail subscription rate was 2.99 times in the retail segment
Gurunanak Agriculture IPO non-institutional investor subscription rate was 0.38 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
26 Sep 2025 (Day 3) | 2.99x | 0.38x | - |
25 Sep 2025 (Day 2) | 2.2x | 0.28x | - |
24 Sep 2025 (Day 1) | 0.94x | 0.07x | - |
Gurunanak Agriculture FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 43.9 | 6.1 | 2.0 | 2.7 | 22.2% |
| FY24 | 44.0 | 2.5 | 1.1 | 0.3 | 12.2% |
| FY23 | 39.0 | 0.6 | 6.1 | 4.5 | 6.5% |
Gurunanak Agriculture IPO SUBSCRIPTION STATUS DETAILS
Gurunanak Agriculture had 3.8 M shares on offer
Gurunanak Agriculture IPO offer price was ₹75
Gurunanak Agriculture IPO minimum Investment was ₹240000
Gurunanak Agriculture IPO issue size was ₹ 288.0 M
Gurunanak Agriculture had a minimum lot size of 1600 Shares per application
Gurunanak Agriculture NUMBER OF SHARES ON OFFER
Total3.8 M
Fresh Issue3.8 M
Offer for Sale0
Post Issue Promoter Holding %68 %
Gurunanak Agriculture IPO IMPORTANT DATES
| Issue Open Date | 24 Sep 2025 |
| Issue close Date | 26 Sep 2025 |
| Allotment Date | 29 Sep 2025 |
| Refund Date | 30 Sep 2025 |
| Demat Account Credit Date | 30 Sep 2025 |
| Listing Date | 01 Oct 2025 |
| Listing on Exchange(s) | NSE |
| Gurunanak Agriculture Allotment Status | Exchange/ Registrar |
Gurunanak Agriculture IPO subscription opened on 24 Sep 2025, and closed on 26 Sep 2025
IPO allotment for Gurunanak Agriculture was finalized on Monday, 29 Sep 2025
IPO listing for Gurunanak Agriculture was on NSE on Wednesday, 01 Oct 2025
Gurunanak Agriculture IPO LISTING GAINS
| Issue Price (adjusted) | 75.0 |
| Listing Open Price | 60.0 |
| Listing Close Price | 57.0 |
| Listing Gain% | -20.0% |
| Current Gain% | -58.3% |
Gurunanak Agriculture Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gurunanak Agriculture India Ltd. | 31.2 | 37.5 | 6.2 | 13.1 | 0.9 | 12.9 | 11.7 | 42.4 | -3.6 | 6.1 | 0.5 | 5.1 | 0.5 |
| Cummins India Ltd. | 4608 | 127733.8 | 54 | 5.1 | 10.1 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 3959.1 | 101371.4 | 77.7 | 1.1 | 15.1 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 30400 | 34245.9 | 59.3 | 3.6 | 6.4 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 512.8 | 16.3 |
| Kirloskar Oil Engines Ltd. | 2025.6 | 29485.9 | 54 | 3.4 | 3.7 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 997.2 | 22678.6 | 70.5 | -16 | 10.3 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Annual
Balance Sheet
Ratios
Cash Flow
Gurunanak Agriculture annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Standalone
Cell Data
Actual
Table Settings
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CAGR Columns
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Export
| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|---|
2.7% | 42.4 | 44 | 44.1 | 39.2 | 41.1 | ||
Operating Exp. Ann. | -3.7% | 32.6 | 34 | 38.7 | 36.5 | 38.9 | |
Operating Profit Ann. | 56% | 9.5 | 9.8 | 5.4 | 2.5 | 1.6 | |
OPM Ann. % | 51.6% | 22.48% | 22.37% | 12.17% | 6.45% | 3.78% | |
-4% | 33.9 | 35.6 | 40.8 | 38.3 | 40.4 | ||
EBITDA Ann. | 53.7% | 9.8 | 9.9 | 5.5 | 2.7 | 2.2 | |
EBITDA Ann. margin % | 49.3% | 23.13% | 22.59% | 12.35% | 6.95% | 5.23% | |
Interest Ann. | -20.6% | 0.5 | 0.9 | 1.2 | 1 | 0.6 | |
Depr. | -3.9% | 0.8 | 0.7 | 1 | 0.9 | 0.8 | |
PBT Ann. | 111.4% | 8.5 | 8.3 | 3.3 | 0.9 | 0.7 | |
Tax Ann. | 100% | 2.4 | 2.2 | 0.9 | 0.3 | 0.2 | |
116.6% | 6.1 | 6.1 | 2.5 | 0.6 | 0.5 | ||
Net Profit Ann. | 116.6% | 6.1 | 6.1 | 2.5 | 0.6 | 0.5 | |
NPM Ann. % | 110.5% | 14.45% | 13.80% | 5.57% | 1.55% | 1.27% | |
EPS Adj. latest Ann. | 116.9% | 5.1 | 5.1 | 2 | 0.5 | 0.4 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
-3.6%
2Y CAGR
-1.9%
3Y CAGR
2.7%
Net Profit Ann.
2Y CAGR
56.2%
3Y CAGR
116.6%
Operating Exp. Ann.
1Y CHG
-4.1%
2Y CAGR
-8.2%
3Y CAGR
-3.7%
Gurunanak Agriculture INFORMATION ON IPO ISSUE
About Gurunanak Agriculture
Gurunanak Agriculture India was incorporated on February 05, 2010. The company manufactures agricultural machinery such as threshers, harvesters, reapers, rotavators, and cultivators. Its product range includes paddy, groundnut, wheat, maize, and multi-crop threshers, along with reapers and rotavators.
Object of the Issue
- Funding capital expenditure for setting up a harvester manufacturing unit
- Working capital requirements
- General corporate purposes
- To meet the issue expenses
Gurunanak Agriculture - PROMOTERS
| Name |
|---|
| Harjeet Singh |
| Jaspreet Kaur |
| Kamaljeet Singh Kalsi |
| Shashi Bhusan Sharma |
Gurunanak Agriculture - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Harjeet Singh | Managing Director |
| Jaspreet Kaur | Whole Time Director |
| Kamaljeet Singh Kalsi | Non-Executive Director |
| Nihal Chand Jain | Independent Director |
Gurunanak Agriculture Book Running Lead Manager
Finshore Management Services Limited
info@finshoregroup.com
Gurunanak Agriculture Registrar to the issue
Cameo Corporate Services Limited
cameo@cameoindia.com
Gurunanak Agriculture Strengths
Diverse product portfolio
The company manufactures a wide range of agricultural machinery, including threshers, harvesters, reapers, rotavators, and cultivators, catering to diverse farming needs. The successful launch of its combined harvester highlights its innovation and strong market presence by delivering products that exceed customer expectations
Strength
Brand reputation & customer trust
The company has established a strong reputation for manufacturing reliable and durable agricultural machinery suited to Indian farming conditions. Consistently meeting customer expectations with quality products, including the popular combined harvester, has earned it farmer trust, loyalty, and a strong position as a preferred brand in the market
Strength
Scalability & expansion plans
The company’s future growth is anchored in its strategic expansion plans, with new production facilities focused on manufacturing harvesters. By scaling capacity and targeting underpenetrated markets in South and Northeast India, the company is well-positioned to capture greater market share and leverage the rising demand for agricultural mechanisation
Strength
Gurunanak Agriculture Risks
Inventory risks
The company, a farming equipment manufacturer, relies heavily on effective inventory management of raw materials and finished products. Failure to do so may disrupt operations, increase costs, and adversely impact revenue and financial performance
Risk
Manpower & machine intensive
The company’s operations are manpower and machine-intensive, relying heavily on employees and on-site labour. Any strikes, disputes, or wage issues could disrupt operations, though no such incidents have occurred in the past
Risk
Dependent on economic & market conditions
The company’s business is highly dependent on economic and market conditions in India and globally. Adverse factors such as inflation, interest rate fluctuations, market volatility, regulatory changes, or global economic and political instability could negatively impact its business, financial condition, cash flows, and growth prospects
Risk
IPO FAQs
The promoters of the company are Harjeet Singh, Jaspreet Kaur, Kamaljeet Singh Kalsi and Shashi Bhusan Sharma.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 75.0 - 75.0.
The IPO application opens on Sep 24, 2025 and closes on Sep 26, 2025.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 240,000.0, the maximum value for this IPO is Rs 240,000.0.
This IPO will be allotted on Sep 29, 2025.
The refund will be credited to your account on Sep 30, 2025.
The allotted shares will be credited to your demat on Sep 30, 2025.
Gurunanak Agriculture India Ltd.’s shares listed on the stock exchanges on Oct 01, 2025.