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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
Crisil B/Stable
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 14 Nov 2025
View Full Report52-Week Range
Valuation
Investment Thesis
A Gujarat-based psyllium processing company well-positioned in India's dominant export segment. Family-promoted with stable regional roots. Suitable for investors seeking exposure to agri-processing and nutraceutical ingredient supply chains at a small-mid scale.
Pros
Cons
Business Segments
Primary processing of psyllium seeds into husk (86%, 95%, 98% purity grades) and husk powder for pharmaceutical, food, and dietary supplement markets.
Processing and trading of psyllium seeds and powder for use in animal feed and secondary processing applications.
May include other agri-commodity processing activities aligned with Gujarat's agricultural output, including spices or grain cleaning.
Revenue Model
B2B sales to pharmaceutical companies (API excipient grade psyllium), export to health supplement distributors and food companies globally, domestic institutional sales for dietary fiber blends, and commodity trading of psyllium seeds during procurement seasons.
Detailed Analysis
Growth Plans
Capacity expansion for psyllium husk processing
Industry Tailwinds
Global psyllium market growing 10% CAGR driven by gut health trend
India accounts for 85% of global psyllium — structural competitive advantage
Industry Headwinds
Recent Developments
Frequently Asked Questions
About Akash Agro Industries
Akash Agro Industries Limited is an Ahmedabad-based company incorporated in 1991 specialising in the production and distribution of psyllium (Isabgol) seeds, psyllium husk, psyllium powder, and animal feeds. Gujarat is India's most important psyllium producing state, and Akash Agro Industries operates in this critical export commodity sector. Psyllium (Plantago ovata) — known as Isabgol in India — is a natural dietary fibre crop cultivated primarily in Gujarat and Rajasthan, with India accounting for approximately 85% of global psyllium production. Indian psyllium is exported globally for use as a dietary supplement, laxative, cholesterol-lowering ingredient, and food additive in products like breakfast cereals and health bars. Akash Agro Industries manufactures multiple grades of psyllium products including psyllium seeds (for planting and consumption), psyllium husk (the primary fibre product), and psyllium husk powder (used in pharmaceutical and food applications). The company also produces animal feeds, providing a secondary revenue stream from agricultural by-products. With authorised capital of Rs 4.5 Crore and estimated revenue of approximately Rs 50 Crore (approximately $6.1 million), the company operates as a small-to-mid-scale processor in India's psyllium supply chain. Ahmedabad's location in the heart of Gujarat's psyllium growing belt provides direct access to raw material procurement. The global psyllium market is growing at approximately 10% CAGR driven by increasing consumer interest in dietary fibre, gut health, and natural wellness products. Indian processors like Akash Agro Industries benefit from India's structural advantage as the world's dominant psyllium producer.
Key Milestones
Akash Agro Industries Limited incorporated in Ahmedabad, Gujarat in 1991
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Weather-dependent crop affecting raw material availability
Competition from other Gujarat-based processors in commoditised market
Small authorised capital of Rs 4.5 Crore relative to export market potential
Source: Media Reports / Public Records
Psyllium is agricultural commodity — price and availability subject to weather risk
Source: AlphaHub Research
CRISIL rating of Crisil B/Stable — sub-investment grade; indicates elevated credit risk
Source: CRISIL
Monsoon-dependent psyllium crop in Gujarat and Rajasthan; poor rainfall causes raw material price spikes and supply disruptions.
Export concentration risk: heavy dependence on US market means FDA regulatory changes or import alerts could severely impact revenue.
Currency risk: INR/USD fluctuations impact export realizations.
Price competition from Pakistan-origin psyllium, though quality differentials favor Indian product.
Commodity cycle risk: periods of oversupply in psyllium can compress processing margins significantly.
Established psyllium processing and export operations serving global pharmaceutical and health food markets
Revenue of approximately Rs 50 Crore ($6.1 million) reflecting established small-mid scale operations
35+ years of building psyllium processing and export capabilities
Mr Jayesh Patel and his family members