Neogreen Ventures Ltd (Neo Green Ventures)
Mumbai-based regenerative agribusiness — biodynamic farming, hydroponics, moringa, agroforestry and aquaculture across 156 owned acres and 4,500 contract acres in Maharashtra — raising pre-IPO equity ahead of a listing targeted for 2027-28.
Market cap
₹39.89 Cr
0.99 Cr shares
P/E ratio
2.74
Sector average 28
Book value
₹46.64
P/B 0.87
1-year return
+0.00%
52w ₹41 – ₹41
Currently 0% of the way through its 52-week range.
Indicative price history
1Y change
+0.00% ₹41 → ₹41
52-week band in this window: ₹40.50 – ₹40.50. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Sales ₹175 Cr and PAT ₹14.5 Cr in FY25 (provisional), up from ₹79 Cr and ₹5 Cr two years earlier.
- 156 owned acres across five Maharashtra districts, ~4,500 contract acres and a 40,000-farmer network.
- Pre-IPO equity round open; ₹700 Cr revenue targeted by 2027, listing planned for 2029-30.
About Neogreen Ventures
Neogreen Ventures Limited (branded Neo Green Ventures) turns fragmented or barren agricultural land into structured, regenerative farms. It combines biodynamic farming, soilless hydroponics, moringa and agroforestry plantations (neem, bamboo, sandalwood, fruit trees), integrated aquaculture and biofloc fish farming, poultry, cattle, vermicompost and apiculture, and markets agro-based produce for domestic sale and export. Renewable energy — solar and gobar-gas — powers the farms.
The business runs a dual-stream model: farming on owned land, where it keeps the full margin, and contract farming with a network of 40,000+ connected farmers across Maharashtra to whom it supplies inputs, management and a guaranteed market. Active projects sit in five districts, including the Satara (Vaduj) tree plantation, Nashik (Hiware) NEST agri-business hub, biodynamic units at Dubere and Ghargaon, and hydroponics, biofloc and poultry at Mundegaon — 156 acres in total, with about 4,500 acres now under contract.
The company traces its heritage to NEOGROUP, a family group founded in 1919 that diversified from coal into agriculture and other sectors. Incorporated as a private company in Mumbai in August 2016 by founder Sachin Lalasaheb Phadtare, it converted to a public limited company (Neogreen Ventures Limited) ahead of its pre-IPO round. The board is Sachin Phadtare (Chairman & MD), Sheetal Phadtare, Pankaj Verma and Nikhil Shelar, with an advisory committee of Abhinao Godase, Anil Shinde and Dr Prashant Khonduskar.
Growth plan: 500+ owned acres, 10,000 contract acres, a 5,000-farmer core network and 120+ staff by 2026-27, a ₹700 Cr revenue target by 2027, pre-IPO funding now, IPO readiness by 2027-28 and a public listing pencilled in for 2029-30. Press coverage in 2026 (Economic Times, Moneycontrol, Business Standard) reports private-equity backing for the plan.
Financial totals below come from the company's pitch deck (FY23 audited, FY25 provisional) and registry filings; the FY24 year and balance-sheet line items are interpolated around those totals and should be treated as approximate until the annual report is reviewed. This is a promoter-led fundraise, not a dealer quote: verify the offer terms, valuation and lock-in with the company before investing.
Where the revenue comes from
- Contract farming & farmer network45%
Inputs, management and buy-back across ~4,500 acres (estimate)
- Owned-land farming & plantations30%
Biodynamic crops, moringa, agroforestry, poultry and cattle on 156 acres (estimate)
- Hydroponics & aquaculture10%
Soilless cultivation and biofloc fish farming (estimate)
- Agro-exports, compost & services15%
Export of agro products, vermicompost, farm set-up consulting (estimate)
Products & services
Biodynamic & contract farming
Regenerative cultivation on owned land and with partner farmers, with inputs, management and guaranteed buy-back.
Hydroponics & aquaculture
Soilless farms using up to 90% less water, plus biofloc fish farming integrated with crops.
Plantations
Moringa, neem, bamboo, sandalwood and fruit-bearing trees for food, medicine, timber and export.
Livestock, compost & apiculture
Poultry and cattle, vermicompost from farm waste, and bee culture for honey and pollination.
What works
- • Sales grew from ₹79 Cr to ₹175 Cr in two years (134%) with profit rising from ₹5.0 Cr to ₹14.5 Cr; PAT margin 8.3%.
- • Conservative balance sheet: debt-to-equity down from 0.28 to 0.08 and a current ratio of 3.06.
- • Asset-light scale through 4,500 contract acres and a 40,000-farmer network, alongside 156 owned acres for control and margin.
- • Diversified revenue across plantations, hydroponics, aquaculture, livestock, compost and agro-exports rather than one crop.
What to watch
- • Gross margin fell from 29.8% to 17.4% as the mix shifted toward lower-margin trading and contract volumes.
- • Small paid-up base (₹9.85 Cr) and no listed peers make the pre-IPO valuation hard to benchmark; there is no exchange price and no dealer two-way quote.
- • Agriculture carries weather, price and working-capital risk; the 5x expansion to 10,000 acres depends on raising and deploying capital on time.
- • Any IPO is at least 2027-28 and is a plan, not a filing — pre-IPO shares can stay illiquid for years.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| Neogreen VenturesThis page | ₹40.50 | ₹39.89 Cr | 2.74 | 0.87 | +48.86% |
| Ram Bandhu | ₹509.00 | ₹246.36 Cr | 18.95 | 2.35 | +9.41% |
Latest reported year: FY25 ending 31 Mar 2025.