Last Forest

Sector: Agriculture (Beekeeping & Honey Production Business Plan &)  |  HQ: India  |  Founded: Not separately disclosed  |  Employees: Not separately disclosed

Listed as: Privately held  | 

Company overview

Last Forest operates in the agriculture segment of the Indian market, with a presence noted in the beekeeping & honey production business plan & category. The company is among the recognised participants in this segment alongside other Indian and multinational players. Operations follow the standard Companies Act 2013 disclosure framework where Last Forest is incorporated as a private or public limited company under Indian law, with statutory audit, GST registration under the CGST Act 2017, and applicable sectoral compliance under FSSAI, BIS, MoEF, or sectoral regulators as relevant to the activity. The competitive set in beekeeping & honey production business plan & includes pan-India brands, regional players, and multinational subsidiaries operating in India through wholly-owned or joint-venture structures.

Recent developments

Dec 2024 - Dec 2025

Last Forest Enterprises gained visibility with a December 2024 feature by the Food and Agriculture Organization spotlighting Mathew John, underscoring the company's role in sustainable forest agriculture [2]. The broader operating environment, however, presents mounting pressures. Forest fires have emerged as a critical challenge—India saw a surge in incidents through late 2025, with Telangana and Andhra Pradesh alone detecting 13,479 and 18,174 fires respectively under the Ministry of Environment's monitoring [1][7]. Forest policy remains in flux as authorities prepare a new playbook ahead of the fire season [6], while debates continue over missing coherent national forest policy frameworks [4]. These dynamics shape the terrain for forest-based livelihoods like beekeeping.

Parallel pressures on forest land persist. A May 2025 controversy in Jaipur highlighted tensions between urban development and forest conservation, raising questions about access to natural resources critical for enterprises dependent on forested landscapes [5]. For a company operating at the intersection of forest conservation and agricultural production, these overlapping policy uncertainties and environmental pressures underscore the importance of sustainable sourcing and community engagement strategies that distinguish responsible operators in this space.

Sources (6)

1. India Sees Forest Fire Surge, Experts Call For Stronger Action - ETV Bharat · ETV Bharat · Tue, 02 Dec 2025
2. Members' Voices: Mathew John of Last Forest Enterprises Pvt. Ltd. - Food and Agriculture Organization · Food and Agriculture Organization · Sun, 29 Dec 2024
3. The curious case of India’s missing forest policy - Mongabay-India · Mongabay-India · Thu, 09 Jan 2020
4. Why Is Jaipur Killing Its Last Wild Forest For A Shopping Mall? - Youth Ki Awaaz · Youth Ki Awaaz · Wed, 28 May 2025
5. Forest ministry to come up with new playbook to fight forest fires as new season to begin - Mint · Mint · Wed, 11 Sep 2024
6. 13,479 and 18,174 forest fires detected in Telangana and AP: MoEFCC - Deccan Chronicle · Deccan Chronicle · Fri, 14 Feb 2025

Financial performance and recent trajectory

Disclosed revenue (FY25): Not separately disclosed in segment-wise FY 2024-25 reporting.

Competitive position

Last Forest occupies a position in the beekeeping & honey production business plan & category alongside other listed and unlisted Indian players. Competitive intensity in the segment is shaped by raw material cost cycles, distribution depth, branded versus unbranded share, and the regulatory framework governing manufacturing, FSSAI labelling (for food), BIS standards (for engineering goods), or sectoral norms. The principal competitive moats in this category are typically scale, distribution reach, brand trust, and integrated procurement. KAMRIT's project report on beekeeping & honey production business plan & benchmarks new entrant economics against the listed peer cost structure including capex per tonne (or per unit of output), working capital intensity, gross margin band, and the EBITDA delta between organised and unorganised participants.

Key risks

Input cost volatility in the beekeeping & honey production business plan & value chain Competitive intensity from larger Indian groups and multinational subsidiaries Regulatory tightening under FSSAI, BIS, environmental norms, or labour codes

Outlook

Last Forest is a participant in the Indian beekeeping & honey production business plan & category, which forms part of the broader Agriculture space. The Indian beekeeping & honey production business plan & market continues to evolve with rising organised share, premiumisation, distribution expansion, and a regulatory architecture covering the Companies Act 2013, the Income Tax Act 1961, the CGST Act 2017, the Legal Metrology Act 2009, and sectoral statutes including the Food Safety and Standards Act 2006 (for food and beverage subsegments), the Drugs and Cosmetics Act 1940 (for pharmaceutical or healthcare adjacencies), the Environment Protection Act 1986 (for emissions and effluents), and labour codes consolidated under the four 2020 labour codes. In KAMRIT's project report framework for this category, the competitive set typically includes pan-India branded leaders, multinational subsidiaries, mid-sized regional players, and a long tail of MSME participants. The structural attractiveness of the category for new entrants is a function of (a) market growth rate, (b) the share that remains with unorganised or fragmented operators, (c) the cost of regulatory compliance, and (d) the capex intensity of plant and machinery. The KAMRIT bankable DPR for this category structures a new entrant's economics against this competitive landscape. For Last Forest specifically, public-domain disclosures provide a baseline view of operations, but segment-wise revenue, EBITDA, capacity utilisation, and forward capex plans are not separately broken out in many cases. Where the company is part of a listed group, the SEBI LODR and the Companies Act 2013 governance framework apply, with statutory audit conducted under SA 700 and CARO 2020 reporting. Where the company is unlisted, the Companies Act 2013 framework continues to govern with reduced public disclosure. The risk and opportunity outlook for Last Forest mirrors the broader beekeeping & honey production business plan & category dynamics. Demand-side drivers include rising household consumption, urbanisation, organised retail expansion, and policy support including PLI schemes (where applicable to the segment). Supply-side risks include input cost volatility, regulatory tightening, environmental compliance escalation, and competitive intensity from larger groups or imports. Management quality, balance sheet strength, distribution depth, and the capex execution track record are the differentiators within the peer set. KAMRIT's research desk maintains a baseline reference for Last Forest as a peer benchmark within the beekeeping & honey production business plan & category. For investors, lenders, or new entrant promoters seeking a fuller assessment of Last Forest, KAMRIT's deep-dive company profile engagement covers financial trajectory, capacity and capex, distribution and customer concentration, regulatory exposure, and the competitive position with named peers.

KAMRIT point of view

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Related KAMRIT project reports

These reports use Last Forest in benchmarking and competitive analysis sections.

Disclaimer: This profile is compiled by KAMRIT Financial Services LLP for educational and benchmarking purposes only. It is not investment advice, a recommendation to buy or sell securities, or a solicitation. Stock data is provided by Yahoo Finance and may be delayed by up to 20 minutes. Company financial commentary draws on publicly available filings, exchange disclosures, and KAMRIT industry research. Readers should consult a SEBI-registered investment adviser before making investment decisions. KAMRIT is a financial services and compliance firm, not a SEBI-registered investment adviser.