Spright Agro Ltd., formerly known as Kansal Fibres Limited, is a small-cap company operating in the trading sector with a focus on agricultural commodities. Incorporated in 1994, the company transitioned from textile manufacturing to agricultural trading in recent years, capitalizing on India’s growing agro-economy. As of March 2025, its share price hovers around ₹4.00, a significant drop from its 52-week high of ₹44.66. This article explores Spright Agro’s financial health, growth drivers, and share price targets for 2025, 2026, 2027, 2030, leveraging key metrics from its balance sheets, profitability trends, and sectoral opportunities.
Spright Agro Share Price Target 2025
In 2025, Spright Agro’s stock faces headwinds due to its recent underperformance, with a 68.87% decline over the past year. However, its fundamentals suggest potential for recovery. The company reported a staggering 566% year-on-year sales growth in Q4 2024, with revenue jumping from ₹72.47 Cr in FY2024 to ₹206 Cr (TTM). Its return ratios—ROCE of 38.6% and ROE of 35.7%—indicate efficient capital utilization, while near-zero debt strengthens its balance sheet.
Analysts project a short-term price target of ₹6–10 by late 2025, assuming the company sustains its revenue momentum and improves cash flow from operations, which recently turned negative (-₹21.65 Cr in FY2024). Key risks include high working capital days (164 days) and low dividend payouts, which may deter conservative investors. The stock’s current P/E ratio of 16.44 is reasonable for a high-growth small-cap, but market sentiment will heavily influence its trajectory.
Spright Agro Share Price Target 2026
By 2026, Spright Agro aims to expand its agricultural trading footprint, leveraging India’s $600 billion agro-economy. The company’s three-year sales CAGR of 503% and profit CAGR of 281% reflect its ability to scale. If it maintains this growth, the share price could reach ₹11–16.
Critical factors include improving operational efficiency and diversifying revenue streams. The FY2024 annual report highlights investments in greenhouse farming and medicinal plants, which could enhance margins. However, its high P/B ratio of 6.90 signals overvaluation relative to book value (₹1.16 per share), posing a risk if growth slows. Additionally, the lack of institutional ownership (0% promoter holding) may limit liquidity. Investors should monitor quarterly EBITDA margins, which improved to 17.5% in FY2024, as a sign of sustainable profitability.
| Months | Spright Agro Share Price Target 2026 |
|---|---|
| January 2026 | Rs 11 |
| February 2026 | Rs 11.30 |
| March 2026 | Rs 11.60 |
| April 2026 | Rs 12 |
| May 2026 | Rs 12.30 |
| June 2026 | Rs 12.50 |
| July 2026 | Rs 13 |
| August 2026 | Rs 13.50 |
| September 2026 | Rs 14 |
| October 2026 | Rs 15 |
| November 2027 | Rs 15.50 |
| December 2027 | Rs 16 |
Spright Agro Share Price Target 2027
Between 2027 and 2028, Spright Agro’s focus on agro-trading aligns with India’s push for agricultural modernization. Government initiatives like the National Agriculture Market (e-NAM) could boost demand for integrated trading platforms, benefiting the company.
Financially, if Spright Agro achieves a five-year sales CAGR of 176%, as hinted in its FY2024 reports, revenues could surpass ₹500 Cr by 2027. Assuming a stable P/E ratio of 17–22, the stock may trade at ₹25–35. However, the company must address its cash conversion cycle, which worsened from 38.8 days to 164 days, indicating liquidity strain . Expanding into export markets or securing long-term contracts with farmers could stabilize cash flows and justify higher valuations.
| Months | Spright Agro Share Price Target 2027 |
|---|---|
| January 2027 | Rs 17 |
| February 2027 | Rs 17.30 |
| March 2027 | Rs 17.50 |
| April 2027 | Rs 18 |
| May 2027 | Rs 18.40 |
| June 2027 | Rs 18.70 |
| July 2027 | Rs 19 |
| August 2027 | Rs 19.40 |
| September 2027 | Rs 20 |
| October 2027 | Rs 20.60 |
| November 2027 | Rs 21 |
| December 2027 | Rs 22 |
Spright Agro Share Price Target 2028
Spright Agro’s expansion into greenhouses, medicinal plants, and exports could diversify revenue streams. However, challenges like negative operating cash flow (-₹21.65 Cr in FY 2024) and rising working capital days (164 days in FY 2024 vs. 38.8 days earlier) necessitate prudent liquidity management.
Assuming sustained revenue growth and margin improvements, Spright Agro’s share price could target ₹23–30 by 2028, driven by EPS expansion and sectoral tailwinds. This projection factors in a conservative P/E multiple of 20–25 on anticipated FY 2028 earnings, aligning with historical sector benchmarks.
In conclusion, Spright Agro’s blend of aggressive growth, debt-free operations, and strategic diversification positions it as a compelling candidate for investors eyeing the agro-trading sector. While market volatility and operational risks persist, the 2028 target reflects optimism anchored in its proven financial discipline and scalability.
| Months | Spright Agro Share Price Target 2028 |
|---|---|
| January 2028 | Rs 20 |
| February 2028 | Rs 20.40 |
| March 2028 | Rs 20.70 |
| April 2028 | Rs 21 |
| May 2028 | Rs 21.60 |
| June 2028 | Rs 22 |
| July 2028 | Rs 22.50 |
| August 2028 | Rs 23 |
| September 2028 | Rs 23.60 |
| October 2028 | Rs 24 |
| November 2028 | Rs 24.50 |
| December 2028 | Rs 25 |
Spright Agro Share Price Target 2030
By 2030, Spright Agro could emerge as a mid-cap player if it capitalizes on India’s projected $1 trillion agro-economy. Analysts estimate a share price range of ₹50–70, assuming a 20% annualized growth in earnings and strategic partnerships.
The company’s asset-light model—relying on leased farms and third-party suppliers—reduces capital expenditure, supporting scalability. However, its reliance on commodity prices exposes it to volatility. For instance, a 10% drop in crop yields could shrink margins, given its thin operating profit margins (14.36% in FY2024). Investors should also track its debt management; while current borrowings are negligible (₹0.38 Cr), any future leveraging must align with ROI targets.
| Months | Spright Agro Share Price Target 2030 |
|---|---|
| January 2030 | Rs 50 |
| February 2030 | Rs 53 |
| March 2030 | Rs 56 |
| April 2030 | Rs 58 |
| May 2030 | Rs 60 |
| June 2030 | Rs 62 |
| July 2030 | Rs 64 |
| August 2030 | Rs 65 |
| September 2030 | Rs 66 |
| October 2030 | Rs 67 |
| November 2030 | Rs 68 |
| December 2030 | Rs 70 |
Risks and Challenges for Spright Agro
- Operational Risks: Rising input costs and supply chain disruptions could impact margins.
- Market Sentiment: As a small-cap stock, Spright Agro is prone to sharp price swings, evidenced by its -75.74% return over three months.
- Regulatory Changes: Shifts in agricultural policies or export-import regulations may affect profitability.
- Liquidity Concerns: Negative operating cash flow (-₹21.65 Cr in FY2024) could strain expansion plans.
Conclusion
Spright Agro’s share price targets reflect its potential to capitalize on India’s agro-sector growth, but its path is fraught with volatility. Short-term investors may target ₹6–10 in 2025, while long-term holders could see ₹50–70 by 2030, contingent on sustained execution and sectoral tailwinds. Monitoring quarterly results, cash flow trends, and debt levels will be crucial for informed decisions.
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