Chaman Lal Setia Exports Ltd-$ — Q4 FY26 earnings call
Summary generated by AI from the official transcript Chaman Lal Setia Exports Ltd-$ filed with BSE on 05 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Chaman Lal Setia Exports reported a profitable FY26 and Q4, with management attributing gains to early-season paddy purchases made when prices were low, followed by a roughly 30% rise in rice prices from November-December to March. The company announced a dividend of Rs 3 per share and said three new manufacturing units are operational at around 50% efficiency, with each unit capable of generating Rs 15-20 crore in monthly sales. Management also discussed the impact of the Iran conflict on shipping routes, freight costs, and Q4 export volumes, noting some shipments were delayed into Q1.
Numbers mentioned
Dividend per share: INR 3 per share (FY26)
p. 3
“The company has announced the dividend of INR 3 per share.”
Rajeev Setia, page 3 of the filed PDF · View the filing
Rice price increase: 30% (November/December to March)
p. 5
“there has been 30% increase in prices from November, December to March”
Rajeev Setia, page 5 of the filed PDF · View the filing
Overall industry rice export volume: 6 million Tons, 6.5 million Tons
p. 7
“Overall industry export is 6 million Tons , 6.5 million Tons.”
Rajeev Setia, page 7 of the filed PDF · View the filing
Revenue contribution from top 10 customers: about 35%
p. 8
“Top 10. I need to check but it should be I think about 35%.”
Ankit Setia, page 8 of the filed PDF · View the filing
New unit capacity utilization: around 50% of normal efficiency
p. 13
“they would be working at around 50% of their efficiency, normal efficiency.”
Ankit Setia, page 13 of the filed PDF · View the filing
Sales contribution per new unit: INR 15 crores to INR 20 crores a month
p. 14
“One unit can give a sale of around; it should be around INR 15 crores to INR 20 crores a month.”
Ankit Setia, page 14 of the filed PDF · View the filing
Export volume growth: 1.73 lakh metric tons to 1.77 lakh metric tons (FY25 to FY26)
p. 17
“the export volume has increased from 1.73 lakh metric tons to 1.77 lakh metric tons from 2025 to 2026.”
Gaurav Mahy, page 17 of the filed PDF · View the filing
Q4 export volume decline: 9% drop, from 48,000 to 44,500 tons (Q4 FY26)
p. 17
“This 9% drop, this is due to some of the shipments that were struck, in between, due to Iran or whatever this chapter was, that is why.”
Gaurav Mahy, page 17 of the filed PDF · View the filing
International rice price increase: 30%
p. 17
“the prices have gone up in international market by 30%.”
Ankit Setia, page 17 of the filed PDF · View the filing
Potential new customer volume opportunity: 30,000 - 40,000 tons
p. 12
“the turnover can come, the business of 30,000 - 40,000 tons can increase, in house.”
Rajeev Setia, page 12 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Q1 volumes — normal volumes · Q1
stated conditionally
p. 5
“So, I mean, for Q1, we can expect things to be fairly normal in terms of volumes. Is it fair to assume that?”
From the transcript, page 5 of the filed PDF · View the filing
Working capital cycle — approximately 190 days
stated firmly by Rajeev Setia
p. 10
“No, we will maintain. Why not? We can maintain it. Better, it will be better in the time to come.”
Rajeev Setia, page 10 of the filed PDF · View the filing
Full year performance vs Q3/Q4 — upcoming quarters
stated as an aspiration by Ankit Setia
p. 14
“if during the war we can get such an export then why not, the next quarters also will be absolutely bright.”
Ankit Setia, page 14 of the filed PDF · View the filing
E-commerce expansion — pan-India level
stated as an aspiration by Ankit Setia
p. 18
“Yes, Manish, we are expanding our territories, absolutely yes.”
Ankit Setia, page 18 of the filed PDF · View the filing
Profitability — similar profitabilities · future quarters
stated as an aspiration by Ankit Setia
p. 19
“We have done good profitability, and continuously in the future also you are going to see similar quarters with similar profitabilities.”
Ankit Setia, page 19 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said the war affected the export community broadly but the company operates across many countries, extra war charges are being claimed from ECGC, and Red Sea shipments to Egypt, Lebanon and Jordan continue.
Answered by Rajeev Setia
Asked by Gunit Singh: How has the Iran war impacted realisations and shipping disruptions?
p. 4
“the whole handling has come from the government also. Whatever the shipments we made prior to war, and we had to pay extra charges by ocean freight or war charges and so on and so forth.”
Rajeev Setia, page 4 of the filed PDF · View the filing
Management attributed margins to buying large inventory at low prices at the start of the season and selling as prices rose.
Answered by Rajeev Setia
Asked by Tanya Kalra: How much of the current margin profile is structural versus cyclical?
p. 8
“we should buy, it's the right time, we should buy the biggest inventory, should be built up the best, biggest possible.”
Rajeev Setia, page 8 of the filed PDF · View the filing
Management said the increased freight and insurance costs are mostly passed through to the buyer.
Answered by Ankit Setia
Asked by Aman Soni: Are increased freight and insurance costs being absorbed by the company?
p. 11
“the freight cost and insurance cost has gone up, but all these expenses are mostly borne by the buyer who is importing.”
Ankit Setia, page 11 of the filed PDF · View the filing
Management declined to quantify the impact but confirmed it would appear in future results.
Answered by Ankit Setia
Asked by Manish Kela: What would the quantum of the shipment impact spilling into Q1 be?
p. 15
“I would not like to get into the figures but what you are saying is true and that will come in the future.”
Ankit Setia, page 15 of the filed PDF · View the filing
Management attributed the drop to shipments getting stuck due to the Iran conflict.
Answered by Gaurav Mahy
Asked by Pawan Kumar: Why did Q4 export volumes fall compared to the prior quarter?
p. 17
“This 9% drop, this is due to some of the shipments that were struck, in between, due to Iran or whatever this chapter was, that is why.”
Gaurav Mahy, page 17 of the filed PDF · View the filing
Management confirmed e-commerce sales are increasing and the company is expanding into new territories.
Answered by Ankit Setia
Asked by Manish Kela: Have e-commerce sales grown compared to last year?
p. 18
“Yes, if you are comparing only e-commerce sales, I am sure the sales are going up.”
Ankit Setia, page 18 of the filed PDF · View the filing
Risks flagged
Iran conflict causing shipping disruption and higher freight/war charges
p. 4
“Admittedly, it has affected the entire export community, import community in India, and most of the nations are hit by this problem.”
Rajeev Setia, page 4 of the filed PDF · View the filing
Slower export process to Iran due to the war
p. 12
“because of the war, especially rice which was going Iran, the process has become very slow.”
Ankit Setia, page 12 of the filed PDF · View the filing
Shipments stuck causing volume decline in Q4
p. 17
“This 9% drop, this is due to some of the shipments that were struck, in between, due to Iran or whatever this chapter was, that is why.”
Gaurav Mahy, page 17 of the filed PDF · View the filing
Potential El Nino effect on crop size
p. 15
“If you only want to know about the effect, yes, it can affect the crop size.”
Ankit Setia, page 15 of the filed PDF · View the filing
Slow buyer purchasing due to high ocean freight rates
p. 5
“but ocean freights are very high, the buyers are relatively slow to buy.”
Rajeev Setia, page 5 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.