Regaal Resources Ltd. has doubled its maize crushing capacity to 1,650 tonnes per day (TPD) after commissioning an expansion at its Kishanganj, Bihar, plant on May 26, 2026.
The company also reported FY26 revenue of ₹1,134 crore and a net profit of ₹56 crore, according to details shared during its fourth-quarter earnings call.
Shares of Regaal Resources, which has a market capitalisation of ₹847.47 crore, were trading at ₹82.50, up 1.95 percent from the previous close of ₹80.92. The stock trades at a P/E ratio of 14.97.
Capacity doubles at Bihar plant
The expansion has increased crushing capacity from 825 TPD to 1,650 TPD.
According to the company, the facility has become the largest maize milling plant in eastern India by throughput.
The Kishanganj unit benefits from its proximity to:
- Dalkhola Mandi
- Gulabbagh Mandi
- Nepal border
- Bangladesh border
The location provides easier access to raw materials and export markets.
Storage and power infrastructure
The company has:
- 65,000 metric tonnes of humidity-controlled silo and godown storage at the plant.
- Access to 240,000 tonnes of external warehouse capacity within an 80-km radius.
- A captive co-generation plant with capacity increased from 10 MW to 15.8 MW.
About 81 percent of the facility’s electricity requirement is met through captive power.
Regaal also operates a Zero Liquid Discharge system at the plant.
Focus shifts to value-added products
The company is moving beyond commodity starch products.
Its target is to raise the share of value-added products to more than 35 percent in FY27.
Recently commissioned products include:
- Liquid Glucose – 180 TPD
- Maltodextrin Powder – 50 TPD
Products planned for launch in Q3 or Q4 FY27 include:
- Dextrose Anhydrous
- Dextrose Monohydrate
Regaal is also developing modified starch products for industries such as:
- Paper and packaging
- Textiles
- Adhesives
The company said it also undertakes white-label manufacturing for four brands, including festival colour product Gulal.
Trading business to be phased out
Historically, the company operated a trading business that accounted for roughly 30 percent of operations.
Management said this business will decline to nearly zero in FY27 as the additional crushing capacity allows the company to consume its entire procurement volume internally.
As a result, headline revenue growth in FY27 could appear lower even if manufacturing volumes increase.
FY26 financial performance
Revenue for FY26 rose to ₹1,134 crore, compared with ₹915 crore in FY25, an increase of 24 percent.
Net profit increased to ₹56 crore from ₹48 crore, up about 17 percent.
Other key figures were:
- Operating margin: 11 percent, compared with 12 percent in FY25
- Interest expense: ₹31 crore, down from ₹37 crore
- Debtor days: 21 days, compared with 55 days a year earlier
The company said benefits under Bihar’s BIIPP policy helped lower borrowing costs through interest subsidies and GST reimbursements.
Q4 FY26 numbers
For the quarter ended March 2026:
- Revenue stood at ₹245 crore
- Net profit came in at ₹17 crore
- Operating profit margin improved to 13 percent
The company reported a negative other income of ₹5 crore in FY26, compared with positive other income of ₹2 crore in FY25. No further details were disclosed.
About the company
Founded in 2016, Regaal Resources manufactures maize-based specialty products from its facility in Kishanganj, Bihar.
The company has received One Star Export House recognition from the Directorate General of Foreign Trade.
TL;DR:
Regaal Resources has doubled its crushing capacity to 1,650 TPD and reported FY26 revenue of ₹1,134 crore. The company is increasing its focus on higher-value starch products while phasing out its trading business.
AI summary:
- Regaal Resources commissioned a capacity expansion on May 26.
- Crushing capacity has increased to 1,650 TPD.
- FY26 revenue rose 24% to ₹1,134 crore.
- The company is expanding into value-added starch derivatives.
- Its trading business, previously about 30% of operations, is being phased out.
