Aelea Commodities Approves ₹114 Crore Capex For Surat Expansion; FY26 Net Profit Surges To ₹21.32 Cr On 109% Revenue Growth
Few snacks are as universal in Indian households as the cashew, yet the business behind it is complicated. Most of the raw nuts come from African farms, get shelled and graded in Indian plants, then head to shops and export markets. The industry rewards processors who make the most of every nut, including the shell, which holds a valuable oil.
The Nifty 50 was trading at 23,679.50, up 1.02%. Meanwhile, Sensex also rose 1.16% to 76,576.90 on Tuesday. Meanwhile, Shares of Aelea Commodities Ltd. were trading at Rs. 128.55, down 8.18 percent from previous close of Rs. 140.00. The stock opened at Rs. 128.40 and reached an intraday high of Rs. 133.70 and low of Rs. 118.55. The company currently has a market capitalization of Rs. 263 crores.
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What's the News
Aelea Commodities' board met on November 2, 2026 and cleared a fresh round of expansion in Surat. The plan is to buy land of roughly 14,268 sq. metres in Vasravi for a new manufacturing facility. It will add 60 MT of processing capacity and a separate 30 MT unit for Cardanol, a purified oil made from cashew nut shell liquid.
The company also plans a staff housing colony on land it already owns in Vasravi. It says its current 140 MT capacity is running at full utilisation, which is the reason for the move. The work is expected to be completed within 30 months from February 2027, subject to approvals.
Financial & Business Analysis
Consolidated revenue from operations increased 108.71% YoY, climbing from Rs. 182.94 crore in FY25 to Rs. 381.81 crore in FY26. Consolidated net profit increased 1,752.17% YoY, reaching Rs. 21.31 crore in FY26 compared to Rs. 1.15 crore in FY25. The basic earnings per share increased by 10.46 percent and stood at Rs. 0.62 as against Rs. 16.05 recorded in the previous year FY2025.
Aelea earns from cashew processing, selling to both businesses and consumers, alongside its older agri-trading activity in sugar, rice and pulses. It has also planned diversification into value-added products such as CNSL, Cardanol, Residol and bio charcoal. Cardanol changes that mix. Instead of leaning only on kernels, the company can sell what comes from the shell too, and that gives it a second revenue stream tied to the same raw material.
Aelea doesn't report a formal order book, but there are two useful signals. The company reportedly gets repeat orders, which points to sticky client relationships. And running at full utilisation means the plant is the bottleneck, not demand. If the new capacity fills, Aelea can take on larger orders, serve existing customers without turning anyone away and spread its fixed costs better.
Industry Context
The sector rests on strong consumption but a tricky supply chain. India imported 575,804 tonnes of raw cashew nuts in January-June 2026, up 7.8% from 534,330 tonnes a year earlier. Domestic raw nut production covers only about 8-10% of kernel requirements. That makes capacity and sourcing the real competitive edge.
Longer term, the pie is growing. India's cashew market is expected to reach US$ 3.32 billion by 2034 from US$ 2.28 billion in 2025, a CAGR of 4.26%. Global kernel imports across the top 10 markets are projected to grow about 5-7% in 2026. The soft spot is exports, which fell 9.5% to 14,851 tonnes in the first half of 2026, so domestic demand and by-products matter more.
Company Overview
Aelea Commodities Limited was incorporated in 2018 and converted into a public company in February 2024. It processes and trades cashew nuts and other agro commodities including sugar, rice and pulses. It sources raw cashew nuts from African countries such as Benin, Tanzania, Burkina Faso, Senegal and Cote d'Ivoire, and sells in India and abroad.
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