MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL POSITION AND RESULTS OF OPERATIONS
The following discussion and analysis is intended to provide managements perspective on the financial condition, results of operations and business performance of Valencia India for the financial year ended March 31, 2026.
The discussion should be read in conjunction with the financial statements and the related notes thereto for the financial year ended March 31, 2026. The financial information presented herein has been prepared in accordance with the applicable provisions of the Companies Act, 2013, Indian Accounting Standards/Generally Accepted Accounting Principles in India, as applicable, and the relevant rules and regulations prescribed by the Securities and Exchange Board of India ("SEBI"). Certain statements in this section are based on management estimates, internal records, operational information and other sources considered reliable by the Company.
BUSINESS OVERVIEW
Valencia India is a diversified business enterprise with operations and business interests across India and international markets. The Company has a presence in the real estate and construction sector, along with export and import of food and non-food products across various geographies. The Company aims to provide reliable and efficient international trading solutions by developing strong relationships with suppliers, customers and business partners across markets.
The Company also has business interests in the trading of FMCG, agro and dairy commodities, particularly in the Middle East, along with its established hospitality and resort business. Through its diversified business model, the Company seeks to capitalize on emerging opportunities across different sectors, strengthen its domestic and international presence, improve operational efficiency and create sustainable long-term value for its stakeholders.
KEY FACTORS AFFECTING THE RESULTS OF OPERATION:
Our Companys future results of operations could be affected potentially by the following factors:
1. Changes in Laws and Regulations that apply to our Industry.
2. Changes in Fiscal, Economic or Political conditions in India
3. Companys inability to retain the experienced staff
4. Failure to adapt the changing technology in our industry of operation may adversely affect our business
5. Failure to comply with regulations prescribed by authorities of the jurisdiction in which we operate
6. Competition with existing and new entrants TOTAL INCOME:
The Company has been incorporated in March 8, 2017. However, the Company had incorporated as a VALENCIA INDIA PRIVATE LIMITED.
The total Income of the Company for the period ended on March 31, 2026 was Rs. 892.98 lacs.
TOTAL EXPENDITURE:
The Total Expenditure for the Period ended on March 31, 2026 was Rs. 592.26 lacs which included Cost of Purchases Rs.111.33 lacs (12.43% of total revenue), Other Expenses of Rs. 181.14 lacs (20.22% of total revenue).
EBITDA
The EBITDA was Rs. 455.38 lacs which is 51 % of the total revenue.
PAT
Profit after tax was Rs. 219.86 lacs which is 24.54% of the total revenue.
Information required as per Item 11 (II) (C) (iv) of Part A of Schedule VI to the SEBI
REGULATIONS:
1. Unusual or infrequent events or transactions Initial Public Offer (IPO):
During the financial year under review, the Company successfully completed its Initial Public Offer ("IPO") comprising a Fresh Issue of 39,99,600 Equity Shares and an Offer for Sale of 4,50,000 Equity Shares, aggregating to 44,49,600 Equity Shares at an issue price of ^110 per Equity Share, aggregating to approximately ^48.95 Crores. The IPO opened for subscription on June 26, 2025 and closed on June 30, 2025, and the basis of allotment was finalized on July 01, 2025.
Pursuant to the successful completion of the IPO, the Equity Shares of the Company were listed and admitted for trading on the BSE SME Platform with effect from July 03, 2025. The successful completion of the IPO and listing of the Companys Equity Shares on the BSE SME Platform constituted a significant corporate development during the year and strengthened the Companys capital base, visibility and access to the capital markets.
3. Income and Sales on account of major product/main activities.
Income and sale of services of our Company on account of major activities derives from Company with the vertical of trading of FMCG and Agro and Dairy Commodities in the Middle East is another progressive arm with its already established hospitality and resort business.
4. Whether the company has followed any unorthodox procedure for recording sales and revenues.
Our Company has not followed any unorthodox procedure for recording sales and revenues.
5. Extent to which material increases in net sales or revenue are due to increased sales volume, introduction of new products or services or increased sales prices.
Increases in revenues are by and large linked to increases in volume of business.
6. Status of any publicly announced new products or business segment.
Our Company has not announced any new services or business segment.
7. The extent to which business is seasonal.
Our Companys business is seasonal.
8. Any significant dependence on a single or few suppliers or customers.
Our Company is not dependent on any single or few suppliers of customers.
KEY FINANCIAL RATIOS:
| Sr No | Particulars of Ratio | 31.03.2026 (in %) | 31.03.2025 (in %) |
| 1 | Current Ratio | 1.41 | 1.41 |
| 2 | Return on Equity Ratio | 6% | 21% |
| 3 | Inventory Turnover Ratio | - | - |
| 4 | Trade Recievable Turnover Ratio | 15 | 17 |
| 5 | Trade Payable Turnover Ratio | 2 | 9 |
| 6 | Net Capital Turnover Ratio | 4 | 7 |
| 7 | Net Profit Ratio | 25% | 28% |
| 8 | Return on Capital Employed | 6% | 18% |
DISCLOSURE OF ACCOUNTING TREATMENT:
The Company has followed the same Accounting Standard as prescribed in preparation of Financial Statements.
| By the Order of the Board of Directors | ||
| VALENCIA INDIA LIMITED | ||
| KEYUR J PATEL | DHAVALKUMAR KAUSHIKKUMAR CHOKSHI | |
| Date: 03-09-2026 | MANAGING DIRECTOR | Director |
| Place: Ahmedabad | DIN: 00252431 | DIN: 01697664 |
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