| Market Cap | ₹249.68 CrSmall Cap |
|---|---|
| Stake Acquired | 1.0863%Open Market |
| Revenue TTM | ₹118.9 CrOperating Income |
| PE Ratio | 205.25Sector PE 44.69 |
Key highlights
- Shree Saibaba Exim Private Limited acquired 2,03,95,000 shares on September 2, 2026
- The acquisition was conducted through the open market on the BSE exchange
- The promoter entity's holding increased from 0.003% to 1.089% post-transaction
- Evexia Lifecare has a total equity share capital of 187.73 crore shares
- The transaction follows a 40.36% decline in the company's stock price over the past year
What Happened
Shree Saibaba Exim Private Limited, a constituent of the promoter group, executed a substantial open-market purchase of Evexia Lifecare Limited shares on September 2, 2026. The entity acquired 2,03,95,000 equity shares, representing 1.0863% of the company's total voting capital. Prior to this transaction, the entity held a nominal stake of only 64,624 shares or 0.003%.
Following this acquisition, its consolidated holding has risen to 2,04,59,624 shares, equivalent to 1.089% of the firm's equity. The transaction was formally disclosed under SEBI Substantial Acquisition of Shares and Takeovers regulations.
Significance of the Acquisition
Promoter buying in the open market is a notable event that typically reflects internal confidence in a company's trajectory. For Evexia Lifecare, where the overall promoter holding was positioned at 3.36% according to recent filings, this 1.09% addition by a single group entity represents a significant proportional increase. The move comes as the stock trades near its 52-week low of 0.47, compared to a high of 2.38.
By increasing their skin in the game during a period of price consolidation, the promoter group is effectively tightening their control over the company's equity base.
Business and Operations
- Headquartered in Vadodara, Gujarat, Evexia Lifecare operates in the FMCG and chemicals sectors
- The company focuses on edible oils, pharmaceutical intermediates, and healthcare solutions
- Formerly known as Kavit Industries, it rebranded to align with its lifecare-centric business strategy
- It maintains a diversified portfolio including trading and manufacturing of chemical products
- The firm manages a massive equity base of over 187 crore shares with a face value of ₹1 each
Financial Context
Evexia Lifecare reported annual operating revenue of ₹110.28 crore for the last fiscal year, with a trailing twelve-month revenue of ₹118.9 crore. While revenue growth has been relatively flat, the company achieved a 70.77% surge in annual net profit, reaching ₹1.59 crore. The stock currently trades at a price-to-book value of 0.57, which is low compared to the broader industry, although its return on equity remains modest at 0.36%.
With a Piotroski Score of 5, the company demonstrates stable financial health despite operating in a highly competitive FMCG landscape.
Sector Dynamics
The Indian edible oil and FMCG industry is currently navigating a period of moderate growth, with sector-wide revenue increasing by approximately 15% YoY. Companies in this space face pressure from volatile raw material costs and intense competition from both organized and unorganized players. Evexia's market position is defined by its small-cap status and high P/E multiple of 205.25, which stands in contrast to the industry average of 19.16.
The recent promoter activity suggests a strategic effort to stabilize ownership as the company seeks to improve its operational efficiency.
| Share price | ₹1.33 |
|---|---|
| Market capitalisation | ₹249.68 Cr |
| Revenue (annual) | ₹110.28 Cr |
| Net profit (annual) | ₹1.59 Cr |
| Revenue (latest quarter) | ₹30.89 Cr-16.03% vs previous quarter |
| Net profit (latest quarter) | ₹0.41 Cr-44.61% vs previous quarter |
| P/E (TTM) | 205.25×Sector 44.69× |
| Promoter holding | 3.36%0.00% QoQ |
| FII holding | 0%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Evexia Lifecare Limited announcing a stake acquisition by promoter group entity Shree Saibaba Exim Private Limited. Market figures from a third-party data provider.
