Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

Adon Agro Commodities Limited, based in Navi Mumbai, operates in the agro-commodities trading and distribution sector with a diverse product portfolio and wide sourcing network. Revenue grew from ₹22.33 Cr (FY23) to ₹103.04 Cr (FY25), with current period income at ₹220.76 Cr. PAT grew from ₹0.09 Cr (FY23) to ₹7.22 Cr (FY25), further to ₹16.74 Cr in the latest period. ROE 84.36%, ROCE 60.65%. Promoters: Narayanswamy Venkitkrishnan, Jigisha Narayanswamy, Shubham Ratan Sharma. DRHP filed March 27, 2026, approved April 29, 2026. Entirely fresh issue, no OFS.