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

Valuation
Financials (FY2024)
Investment Thesis
Cremica Agro Foods Limited is a 35-year-old Ludhiana-based edible oils and food processing company — distinct from the better-known Cremica Food Industries (sauces and condiments brand). It operates in India's essential but highly competitive edible oils sector with a regional presence in Punjab. The government's oilseed production push and food processing PLI support are constructive. However, commodity market exposure, import competition, and national brand dominance are significant challenges. The ₹20 share price and limited public disclosures warrant careful due diligence including audited financials and production capacity review before investment consideration.
Pros
Cons
Business Segments
Edible Oils Processing
Crushing and refining of oilseeds (mustard, soybean, sunflower) into edible cooking oils sold to retail, wholesale, and institutional customers across North India
Agri-Food Products
Processing of agricultural produce into value-added food products including oil cakes, de-oiled meals (used as cattle feed), and other agri-food derivatives
Wholesale & Distribution
Wholesale distribution of edible oils and food products to retailers, kirana stores, and food service operators in Punjab and neighbouring states
Revenue Model
Cremica Agro Foods Limited generates revenue through the sale of processed edible oils and agri-food products to household consumers, wholesale distributors, and institutional buyers. Revenue is primarily driven by oilseed crushing volumes, refining output, product pricing (linked to global commodity prices), and distribution reach. Edible oils is a high-volume, thin-margin business where operational efficiency and scale are key profit drivers.
Detailed Analysis
Growth Plans
Government's NMEO-OP scheme expanding domestic oilseed production and improving raw material availability for local processors
Growing demand for North India's preferred mustard oil as consumers shift toward regional and healthy oils
Food processing PLI scheme providing capital support for production scale-up
Organised food retail and modern trade providing distribution channel opportunities for regional brands
Recent Developments
India's edible oils sector continues to grapple with high import dependency (60%+ of consumption), with prices volatile due to global palm oil supply disruptions and Indonesia's export policies. The government has been pushing for domestic oilseed production expansion through the National Mission on Edible Oils.
2024-02The Indian government's National Mission on Edible Oils - Oilpalm (NMEO-OP) aims to expand domestic oilseed and edible oil production, reducing import dependency. This mission could benefit domestic edible oils processors by improving raw material availability and supporting import substitution.
2023-11India's PLI scheme for food processing encourages investment in food manufacturing and agri-processing. Companies in edible oils and food processing can benefit from capital subsidies and technology upgradation support.
Comparable Companies
Frequently Asked Questions
About Cremica Agro Foods
Cremica Agro Foods Limited is a Ludhiana, Punjab-based food company incorporated on 6 September 1989 (originally as Cremica Agro Foods Private Limited, converted to Public Limited on 15 January 1993). The company is engaged in the manufacture of vegetable and animal oils and fats, classified under NIC code for edible oil production. Its registered office is at 455, Sohan Palace, 2nd Floor, The Mall, Ludhiana, Punjab — a prominent commercial address in one of India's largest industrial cities. Cremica Agro Foods is part of the broader Cremica brand ecosystem. The Cremica brand is well-known in Punjab and northern India primarily for condiments, sauces, and food products, but Cremica Agro specifically focuses on the agro and oils processing segment. The company has a long history of over 35 years in food processing, tracing its roots to the entrepreneurial foundation of the Cremica Group. Directors include Samridhi Seth, Vishakha Rathour, Nem Chand Jain, Shantilal Sukalal Chaudhari, and Surendar Kumar Sood. The company's last filed revenue was under ₹1 crore (FY2021), suggesting that the primary Cremica operations may be concentrated in other group entities rather than this specific holding company. Punjab is one of India's most important food processing states, known for its wheat, rice, and dairy production. The edible oils and fats segment is a core part of India's food processing ecosystem. While Cremica Agro's current financial scale appears limited, the brand heritage and Punjab's agricultural strengths provide a solid foundation for operations. The Cremica Group overall commands strong brand recognition in the packaged foods segment across northern India.
Key Milestones
Incorporated in 1989 in Punjab as Cremica Agro Foods Limited (CIN: L15146PB1989PLC009676)
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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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Export opportunities to Indian diaspora markets for North Indian-style mustard oil products
Industry Tailwinds
Government's NMEO-OP scheme expanding domestic oilseed production and improving raw material availability for local processors
Growing demand for North India's preferred mustard oil as consumers shift toward regional and healthy oils
Food processing PLI scheme providing capital support for production scale-up
Organised food retail and modern trade providing distribution channel opportunities for regional brands
Export opportunities to Indian diaspora markets for North Indian-style mustard oil products
Industry Headwinds
Continued high edible oils import volumes keeping domestic prices competitive
Commodity price volatility from global supply shocks
National brand competition with superior marketing budgets
FSSAI compliance requirements for food safety and labelling
Edible oil prices are highly volatile, linked to global crude palm oil, soybean, and sunflower oil markets. Input cost spikes during global commodity events (Ukraine war, La Niña) are difficult to pass through fully to customers.
Source: Media Reports / Public Records
India imports 60%+ of its edible oils, making domestic processors compete with cheap palm oil imports from Indonesia and Malaysia, which can undercut domestic oilseed-based oils on price.
Source: Media Reports / Public Records
National edible oil brands (Fortune/Adani Wilmar, Saffola/Marico, Sundrop/Agro Tech Foods) have significant marketing, distribution, and consumer trust advantages over regional processors.
Source: AlphaHub Research
FSSAI food safety regulations, GST changes, and import duty policies on edible oils directly impact business economics and compliance requirements.
Source: Regulatory Filings
Potential brand confusion with the more famous Cremica Food Industries (sauces, ketchup) could create both risks and unwarranted advantages in consumer perception.
Source: Media Reports / Public Records
Edible oil prices are highly volatile, linked to global crude palm oil, soybean, and sunflower oil markets. Input cost spikes during global commodity events (Ukraine war, La Niña) are difficult to pass through fully to customers.
India imports 60%+ of its edible oils, making domestic processors compete with cheap palm oil imports from Indonesia and Malaysia, which can undercut domestic oilseed-based oils on price.
National edible oil brands (Fortune/Adani Wilmar, Saffola/Marico, Sundrop/Agro Tech Foods) have significant marketing, distribution, and consumer trust advantages over regional processors.
FSSAI food safety regulations, GST changes, and import duty policies on edible oils directly impact business economics and compliance requirements.
Potential brand confusion with the more famous Cremica Food Industries (sauces, ketchup) could create both risks and unwarranted advantages in consumer perception.
AWL · ~20,000 Cr
MARICO · ~65,000 Cr
ATFL · ~2,500 Cr
PATANJALI · ~40,000 Cr
Established as an edible oils and agri-food processing company in Ludhiana — Punjab's industrial capital
Operated for over 35 years in North India's edible oils market, building processing and distribution capabilities
Note: Distinct from Cremica Food Industries Limited (the famous sauce and condiment brand founded by the Lamba family)
Shares trade on the unlisted market at approximately ₹20 per share