PCSL

Ahmedabad, India Founded: 2007 • Age: 19 yrs Listed
Sourcing, processing and distributor of fruits and vegetables and also provides cold storage services

About PCSL

PCSL is a publicly listed company based in Ahmedabad (India) founded in 2007. Sourcing, processing and distributor of fruits and vegetables and also provides cold storage services. The company has 623 employees. Its Indian entity Prime Fresh Limited reported revenue of ₹275 Cr.

Company details

PCSL was established in 2007 in Ahmedabad, India, within the agricultural supply chain sector. Operations focus on the sourcing and processing of fruits and vegetables for distribution across markets. Cold storage services are maintained to preserve product quality during handling and transport. The company serves as a key intermediary in the fresh produce industry, supporting regional logistics from its base in Gujarat.

  • Headquarters Ahmedabad, India
  • Employees 623
  • Stage Public
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website primecustomer.co.in
  • Social LinkedIn
  • Legal Name Prime Fresh Limited
  • Date of Incorporation 30 Mar, 2007
  • Jurisdiction Ahmedabad, Gujarat, India
Key Metrics
  • Market Cap
    ₹217 Cr

    PRIMEFRESH · BSE

  • Share Price
    ₹156.85

    +0.42% today

  • Revenue
    ₹274 Cr

    FY 2025-26 · +32.5% YoY

  • EBITDA
    ₹19.28 Cr

    Margin 7.0%

  • Net Profit
    ₹13.20 Cr

    FY 2025-26 · +44.6% YoY

  • P/E (TTM)
    15.1x

    P/B 2.5x

  • ROE
    17.3%

    ROCE 22.4%

  • Debt / Equity
    0.09

    Interest cover 3.8x

  • Employee Count
    623

Board of directors of Prime Fresh Limited (PCSL)

Prime Fresh Limited is the primary company behind PCSL. The board of Prime Fresh Limited currently have 7 directors; the longest-serving is Jinen Chandrakant Ghelani, appointed in 2007. 11 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Jinen Chandrakant Ghelani
DIN 01872929
Managing Director31 Dec 200718 yrs 10 moPrime Fresh Limited
Hiren Ghelani Chandrakant
DIN 02212587
Whole-time director01 May 201115 yrs 6 moPrime Fresh Limited
Mayur Nanalal Thakkar
DIN 08423444
Director23 Apr 20197 yrs 6 moPrime Fresh Limited
Gurmeetsingh Bhamrah
DIN 02527135
Director20 Sep 20215 yrs 1 moPrime Fresh Limited
Khyati Bhavya Shah
DIN 09430457
Director11 Nov 20241 yr 11 moPrime Fresh Limited
Nishit Bharatbhai Popat
DIN 09279612
Director05 Feb 20268 moPrime Fresh Limited
Sanjiv Swarup
DIN 00132716
Director15 Jul 20263 moPrime Fresh Limited

People of PCSL

1 people are tracked at PCSL (1 in leadership); the tracked headcount is 623.

NameRoleGroup
Managing DirectorLeadership
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IPO & Listings of PCSL

PCSL is a publicly listed company on the BSE with ticker symbol PRIMEFRESH in India, operating in the Trading sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date31 Mar 2017
  • Listed onBSE: 540404
  • Listed entityPrime Fresh Limited
  • Exchange sectorTrading

Financials of PCSL

Exchange-reported figures of Prime Fresh Limited, the listed company behind PCSL (BSE: PRIMEFRESH).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹274 Cr
+32.5% YoY
EBITDA
₹19.28 Cr
+56.6% YoY
Profit After Tax
₹13.20 Cr
+44.6% YoY
Net Worth
₹91.09 Cr
+29.2% YoY
Total Assets
₹109 Cr
+43.7% YoY
Total Debt
₹9.49 Cr
+118.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue27420714999.3577.2065.5849.97
Revenue growth+32.5%+38.6%+50.2%+28.7%+17.7%+31.2%-
EBITDA19.2812.319.737.104.864.192.90
EBITDA margin+7.0%+6.0%+6.5%+7.2%+6.3%+6.4%+5.8%
Profit before tax18.9612.829.547.024.543.322.22
Net profit13.209.136.955.053.282.361.65
Net profit margin+4.8%+4.4%+4.7%+5.1%+4.3%+3.6%+3.3%
EPS (₹)9.526.695.114.052.806.044.74
Balance sheet
Total assets10975.5962.4835.3926.7922.1716.43
Net worth91.0970.5262.0830.3822.3718.0712.05
Total debt9.494.350.044.724.194.084.37
Cash & bank8.594.774.912.841.180.800.36
Net working capital10473.3153.4533.6125.5721.5915.57
Cash flow
Cash from operations(11.91)(10.78)(10.91)(1.23)(0.03)(1.93)(3.10)
Cash from investing(1.42)7.14(6.68)(0.28)(0.41)(0.01)(0.01)
Cash from financing17.143.5119.643.170.822.382.74
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue61.7179.9174.3366.4053.3453.2857.9848.99
Revenue growth (YoY)+15.7%+50.0%+28.2%+35.5%+14.7%---
Other income0.070.140.150.200.040.200.050.35
EBITDA5.995.136.303.883.973.091.533.42
EBITDA margin+9.7%+6.4%+8.5%+5.8%+7.4%+5.8%+2.6%+7.0%
Depreciation0.080.080.150.050.050.050.070.04
Interest0.370.280.150.140.150.150.100.03
Profit before tax5.614.916.153.893.813.091.413.70
Tax1.341.781.420.840.961.140.380.93
Net profit4.273.134.733.052.851.951.032.77
EPS (₹)2.941.843.352.241.971.410.002.02
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue24319614395.2175.5558.5547.24
Revenue growth+24.0%+37.0%+50.1%+26.0%+29.0%+23.9%-
EBITDA16.5211.829.416.864.753.982.85
EBITDA margin+6.8%+6.0%+6.6%+7.2%+6.3%+6.8%+6.0%
Profit before tax16.2712.359.236.784.393.192.17
Net profit11.908.856.794.933.192.271.62
Net profit margin+4.9%+4.5%+4.8%+5.2%+4.2%+3.9%+3.4%
EPS (₹)8.566.494.983.952.695.794.65
Balance sheet
Total assets96.2674.1161.5534.3926.0820.5615.81
Net worth88.9569.6961.5129.9922.1217.9512.02
Total debt7.234.350.044.393.962.623.78
Cash & bank6.584.364.342.700.960.640.35
Net working capital87.7371.4952.5532.5924.8019.9314.90
Cash flow
Cash from operations(1.21)(10.09)(11.70)(1.09)(1.09)(1.28)(2.35)
Cash from investing(5.09)6.80(6.63)(0.24)(0.46)0.06(0.01)
Cash from financing8.523.3119.973.071.871.512.15
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue64.7267.3270.2255.5749.5950.5252.5049.29
Revenue growth (YoY)+30.5%+33.3%+33.8%+12.7%+14.1%---
Other income0.100.180.110.240.080.200.070.39
Total expenses59.4763.1764.9952.0945.9447.5450.2746.82
EBITDA5.254.155.233.483.652.982.232.47
EBITDA margin+8.1%+6.2%+7.4%+6.3%+7.4%+5.9%+4.2%+5.0%
Depreciation0.080.080.150.050.050.050.060.05
Interest0.330.210.110.100.110.150.110.02
Profit before tax4.944.045.083.573.572.982.132.79
Tax1.211.431.140.900.901.110.560.71

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue61.7179.9174.3366.4053.3453.2857.9848.99
Revenue growth (YoY)+15.7%+50.0%+28.2%+35.5%+14.7%---
Other income0.070.140.150.200.040.200.050.35
EBITDA5.995.136.303.883.973.091.533.42
EBITDA margin+9.7%+6.4%+8.5%+5.8%+7.4%+5.8%+2.6%+7.0%
Depreciation0.080.080.150.050.050.050.070.04
Interest0.370.280.150.140.150.150.100.03
Profit before tax5.614.916.153.893.813.091.413.70
Tax1.341.781.420.840.961.140.380.93
Net profit4.273.134.733.052.851.951.032.77
EPS (₹)2.941.843.352.241.971.410.002.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue27420714999.3577.2065.5849.97
Revenue growth+32.5%+38.6%+50.2%+28.7%+17.7%+31.2%-
Other income0.731.020.370.350.220.020.01
Total expenses25519413992.2572.3461.3947.07
Employee cost21.3919.3917.5012.186.835.424.77
EBITDA19.2812.319.737.104.864.192.90
EBITDA margin+7.0%+6.0%+6.5%+7.2%+6.3%+6.4%+5.8%
Depreciation0.330.200.160.120.080.090.11
Interest0.720.310.400.310.460.800.58
Profit before tax18.9612.829.547.024.543.322.22
Tax5.003.602.511.911.230.960.56
Net profit13.209.136.955.053.282.361.65
Net profit margin+4.8%+4.4%+4.7%+5.1%+4.3%+3.6%+3.3%
EPS (₹)9.526.695.114.052.806.044.74
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital13.8813.6513.6512.5211.833.943.49
Reserves & surplus74.2356.8748.4317.869.5614.136.94
Shareholders' funds (net worth)91.0970.5262.0830.3822.3718.0712.05
Minority interest8.000.650.360.280.230.010.01
Secured loans8.863.980.003.922.772.993.51
Unsecured loans0.630.370.040.801.421.090.86
Total debt9.494.350.044.724.194.084.37
Total liabilities10975.5962.4835.3926.7922.1716.43
Assets
Gross block5.663.503.032.912.102.062.04
Net block3.201.371.031.070.330.380.45
Capital work in progress0.340.050.120.050.360.000.01
Investments0.660.367.040.230.200.000.16
Inventories8.758.866.244.093.141.504.81
Sundry debtors88.9154.9046.3026.2419.5320.3515.93
Cash & bank balances8.594.774.912.841.180.800.36
Loans & advances8.9210.454.345.285.493.143.83
Total current assets11578.9861.7938.4529.3425.7924.93
Total current liabilities11.275.678.344.843.774.209.36
Net working capital10473.3153.4533.6125.5721.5915.57
Total assets10975.5962.4835.3926.7922.1716.43
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash4.774.912.841.180.800.360.74
Net cash from operating activities(11.91)(10.78)(10.91)(1.23)(0.03)(1.93)(3.10)
Net cash from investing activities(1.42)7.14(6.68)(0.28)(0.41)(0.01)(0.01)
Net cash from financing activities17.143.5119.643.170.822.382.74
Net change in cash3.81(0.13)2.061.660.380.44(0.37)
Closing cash8.594.774.912.841.180.800.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+32.5%+38.6%+50.2%+28.7%+17.7%+31.2%-
EBITDA growth+56.6%+26.5%+37.0%+46.1%+16.0%+44.5%-
PBT growth+47.9%+34.4%+35.9%+54.6%+36.8%+49.6%+26.9%
Net income growth+44.6%+31.4%+37.6%+54.0%+39.0%+43.0%-
Revenue CAGR (3Y)+40.2%+38.9%+31.5%+25.7%+20.5%+22.0%+27.9%
EBITDA CAGR (3Y)+39.5%+36.3%+32.4%+34.8%+29.9%+33.8%+45.1%
Profitability & leverage
Net income margin+5.1%+4.5%+4.7%+5.1%+4.3%+3.6%+3.3%
Return on capital employed+22.4%+19.1%+20.5%+23.8%+20.6%+21.4%+20.3%
Return on net worth+17.3%+13.9%+15.2%+19.5%+16.5%+15.8%+16.0%
Debt / equity0.090.030.050.170.200.280.33
Long-term debt / equity0.000.000.000.010.040.070.11
Interest cover3.802.564.184.449.6219.5120.79
Efficiency & per share
Fixed asset turnover59.8263.3350.2439.6637.1231.9938.59
Inventory turnover31.1227.3928.8927.4833.2820.7914.83
Debtors turnover3.814.094.114.343.873.623.87
EPS (₹)9.526.695.114.052.806.044.74
Dividend per share (₹)0.000.000.500.000.000.000.00
Book value per share (₹)63.4851.6745.4924.2618.0845.8529.86
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue64.7267.3270.2255.5749.5950.5252.5049.29
Revenue growth (YoY)+30.5%+33.3%+33.8%+12.7%+14.1%---
Other income0.100.180.110.240.080.200.070.39
Total expenses59.4763.1764.9952.0945.9447.5450.2746.82
EBITDA5.254.155.233.483.652.982.232.47
EBITDA margin+8.1%+6.2%+7.4%+6.3%+7.4%+5.9%+4.2%+5.0%
Depreciation0.080.080.150.050.050.050.060.05
Interest0.330.210.110.100.110.150.110.02
Profit before tax4.944.045.083.573.572.982.132.79
Tax1.211.431.140.900.901.110.560.71
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue24319614395.2175.5558.5547.24
Revenue growth+24.0%+37.0%+50.1%+26.0%+29.0%+23.9%-
Other income0.611.040.370.340.170.090.01
Total expenses22618413488.3570.8054.5744.39
Employee cost21.2319.3217.4612.116.725.164.69
EBITDA16.5211.829.416.864.753.982.85
EBITDA margin+6.8%+6.0%+6.6%+7.2%+6.3%+6.8%+6.0%
Depreciation0.330.200.150.120.080.090.11
Interest0.530.310.400.300.450.790.58
Profit before tax16.2712.359.236.784.393.192.17
Tax4.373.502.441.851.200.920.55
Net profit11.908.856.794.933.192.271.62
Net profit margin+4.9%+4.5%+4.8%+5.2%+4.2%+3.9%+3.4%
EPS (₹)8.566.494.983.952.695.794.65
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital13.8813.6513.6512.5211.833.943.49
Reserves & surplus72.0956.0447.8617.479.3114.016.91
Shareholders' funds (net worth)88.9569.6961.5129.9922.1217.9512.02
Secured loans6.603.980.003.922.770.402.92
Unsecured loans0.630.370.040.471.192.220.86
Total debt7.234.350.044.393.962.623.78
Total liabilities96.2674.1161.5534.3926.0820.5615.81
Assets
Gross block5.653.503.032.902.102.062.04
Net block3.191.371.041.060.340.380.45
Capital work in progress0.340.050.120.050.360.000.01
Investments4.550.717.010.260.260.060.22
Inventories6.398.866.243.903.141.503.59
Sundry debtors76.2953.3544.0024.0718.1116.8013.57
Cash & bank balances6.584.364.342.700.960.640.35
Loans & advances8.9211.424.995.365.724.264.24
Total current assets98.1877.9959.5736.0327.9323.2021.75
Total current liabilities10.456.507.023.443.133.276.85
Net working capital87.7371.4952.5532.5924.8019.9314.90
Total assets96.2674.1161.5534.3926.0820.5615.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash4.364.342.700.960.640.350.56
Net cash from operating activities(1.21)(10.09)(11.70)(1.09)(1.09)(1.28)(2.35)
Net cash from investing activities(5.09)6.80(6.63)(0.24)(0.46)0.06(0.01)
Net cash from financing activities8.523.3119.973.071.871.512.15
Net change in cash2.210.021.641.740.320.29(0.21)
Closing cash6.584.364.342.700.960.640.35
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+24.0%+37.0%+50.1%+26.0%+29.0%+23.9%-
EBITDA growth+39.8%+25.6%+37.2%+44.4%+19.4%+39.7%-
PBT growth+31.7%+33.8%+36.1%+54.4%+37.6%+47.0%+25.4%
Net income growth+34.5%+30.3%+37.7%+54.6%+40.5%+40.1%-
Revenue CAGR (3Y)+36.6%+37.4%+34.7%+26.3%+20.5%+17.5%+25.6%
EBITDA CAGR (3Y)+34.0%+35.5%+33.2%+34.0%+29.1%+31.3%+44.7%
Profitability & leverage
Net income margin+4.9%+4.5%+4.8%+5.2%+4.2%+3.9%+3.4%
Return on capital employed+19.7%+18.7%+20.1%+23.5%+20.8%+21.9%+20.5%
Return on net worth+15.0%+13.5%+14.8%+19.0%+15.9%+15.2%+15.7%
Debt / equity0.070.030.050.160.160.210.30
Long-term debt / equity0.000.000.000.010.040.070.11
Interest cover3.272.674.324.459.6420.3121.17
Efficiency & per share
Fixed asset turnover53.0559.9748.2138.0836.3228.5623.21
Inventory turnover31.8325.9328.1927.0532.5623.0117.46
Debtors turnover3.744.024.204.514.333.864.07
EPS (₹)8.566.494.983.952.695.794.65
Dividend per share (₹)0.000.000.500.000.000.000.00
Book value per share (₹)61.9451.0645.0723.9517.8745.5229.78
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Frequently Asked Questions about PCSL

PCSL was founded in 2007.

PCSL is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

PCSL has 623 employees.

The primary company behind PCSL, Prime Fresh Limited, reported revenue of ₹275 Cr for FY 2026, up 32% year on year.

PCSL was established in 2007 in Ahmedabad, India, within the agricultural supply chain sector. Operations focus on the sourcing and processing of fruits and vegetables for distribution across markets. Cold storage services are maintained to preserve product quality during handling and transport. The company serves as a key intermediary in the fresh produce industry, supporting regional logistics from its base in Gujarat.

Yes, PCSL is publicly traded on BSE under the ticker symbol PRIMEFRESH.

PCSL operates through Prime Fresh Limited.

The legal entities of PCSL currently have 8 directors, including Jinen Chandrakant Ghelani, Mayur Nanalal Thakkar, Hiren Ghelani Chandrakant and others.

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