Bagrrys India Limited Unlisted Shares

Annual Report: 2021

Back to All Annual Reports View Bagrrys India Limited Unlisted Shares Details

Year: 2021

Annual Report Summary

Bagrrys India Private Limited's Annual Report for 2020-2021 includes the Director's Report and Audited Financial Statements for the fiscal year ending March 31, 2021.

Company Overview:

Bagrrys India Private Limited (formerly known as Bagrrys India Limited), established in 1986, is a private limited company and a leading brand in health foods and breakfast cereals. It operates manufacturing units in Baddi, Newai, and Ghaziabad and also outsources some production. The company also has Quick Service Restaurants. The company changed from "Bagrrys India Limited" to "Bagrrys India Private Limited" effective April 13th, 2020.

Financial Performance:

Revenue: Decreased from Rs. 15,515.54 Lakhs to Rs. 14,021.49 Lakhs year-over-year. Other income also decreased from Rs. 98.29 Lakhs to Rs. 91.91 Lakhs.
Profit After Tax: Rs. 2152.17 Lakhs compared to the previous year's profit of Rs. 1,110.51 Lakhs.
Total Revenue: 14,113.40 Lakhs
Total Expenses: 1,119,419.691 Lakhs
Profit Before Tax: 291,920,225.

Key Financial Ratios/Figures (as of March 31, 2021):

Authorized Share Capital: Rs. 4,00,00,000
Paid-up Share Capital: Rs. 76,96,090
Reserves and Surplus: Rs. 545,657,901
Long-Term Borrowings: Rs. 4,148,148
Total Assets: Rs. 805,456,625
Earnings per share: Rs. 279.64.

Operational Highlights:

The company is taking steps to introduce new products and variants and has added products from third-party manufacturers.
The company has expanded its export areas, exporting to countries including Sri Lanka.
Focus remains on health products, but increased competition is impacting margins.

Ministry of Food Processing Industries (MoFPI) Scheme:

The company received grant-in-aid from MoFPI for expansion of its manufacturing unit in Himachal Pradesh.
First installment of Rs. 1,44,50,000 was fully utilized.
The project completion was delayed due to the COVID-19 pandemic but is expected to be completed within the current financial year.

COVID-19 Impact & Response:

The company experienced a collapse in activities following the nationwide lockdown.
Actions were taken to mitigate risks, maintain business continuity, and adapt to changing restrictions.
Technology-aided interventions were implemented and support was provided to workers.

Corporate Governance & Compliance:

Board Meetings: Six board meetings were convened during the financial year.
Secretarial Standards: Applicable secretarial standards were followed.
Audit Committee: Dissolved due to the company's change to a private company. One meeting was held to approve the dissolution.
Nomination and Remuneration Committee: Dissolved due to the company's change to a private company. One meeting was held to approve the dissolution.
Statutory Auditors: M/s. S S Kothari Mehta & Co. were appointed as Statutory Auditors for a second term of 5 consecutive years i.e. till the Financial Year 2023-2024.
Loans, Guarantees, Investments: The company has given loans and made investments as per the provisions of Section 186 of the Companies Act, 2013.
Related Party Transactions: Transactions with related parties were conducted on an arm's length basis.
Reserves: Rs. 26,10,470 relating to revaluation reserves was transferred to the general reserves.
Dividend: No dividend was declared for the current financial year to conserve profits.

Corporate Social Responsibility (CSR):

The company focuses on promoting health care, disaster relief, and education.
CSR activities included donations to Sri Aurobindo Ashram and Asiad Village Society and participation in the Feeding India 'COVID-19 relief Campaign'.
Rs. 43,00,000 was contributed to Swami Vivekananad Health Mission Society.
Rs. 10,00,000 was contributed to the Charitable Trust Bhaorao Deoras Seva Nyas.
CSR amount spent: Rs 67,80,334
The report also details the expenses incurred on CSR projects.

Risk Management:

The company has a Risk Management Policy that encompasses practices relating to the identification, analysis, evaluation, treatment, mitigation, and monitoring of risks.

Directors and Key Managerial Personnel:

The board consists of three directors: Mr. Sushil Kumar Chetani, Mr. Laxmi Narayan Sain, and Mr. Raj Kumar Sharma.
Mr. Hemant Sharma resigned from the office of Chief Financial Officer ("CFO") of the Company effective from 10th April, 2020.

Other Key Points:

The company has put in place adequate Internal Financial Controls.
The maintenance of cost records is not applicable to the company.
The company installed Light Emitting Diode (LED) lamps in Baddi Unit.
The legal status of the Company has changed from Bagrrys India Limited to Bagrrys India Private Limited vide fresh certificate of incorporation on dated 13th April, 2020.
The Board recommends the re-appointment of Mr. Aditya Bagri, Vice President (Marketing) and Ms. Savita Bagri, Strategic Head of the Company. These re-appointments and their related remuneration are subject to member approval.

Annexures:

The report includes several annexures providing detailed information on:

Contracts/Arrangements with Related Parties (Form AOC-2)
Annual Report on CSR Activities
Particulars of Employees and Related Disclosures
Conservation of Energy, Technology Absorption, and Foreign Exchange Earnings and Outgo
Independent Auditors’ Report
Report on the Internal Financial Controls

Company Resources

Access essential information and documents to make informed investment decisions

Events

Stay updated with upcoming events, conferences, and announcements

Financial Reports

Access quarterly and half-yearly financial statements and reports

Annual Reports

Download comprehensive annual reports and financial summaries

Currently viewing

Presentations

Access investor presentations, corporate briefings, and slideshows

Our Blogs

Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.

NSDL Unlisted Shares SWOT Analysis

NSDL, India’s pioneering depository, combines institutional dominance with robust digital public infrastructure capabilities. As it approaches listing, its strengths in high-margin revenues and regulatory trust are offset by retail underpenetration and emerging fintech threats.

NSDL Pre-IPO Price Band Analysis: Projecting Listing Valuations Across P/E Scenarios

NSDL’s pre-IPO grey-market valuation implies a 63.3× trailing P/E, but actual listing prices could swing widely depending on investor confidence, regulatory clarity, and execution on digital and banking ventures. Scenario modeling across 55× to 75× forward P/E multiples shows a potential price range of ₹1,103–₹1,504, offering a roadmap for assessing risk-adjusted upside.

Unlisted NSDL Shares vs CDSL: Do Future Earnings Justify the Valuation?

NSDL’s rich unlisted valuation reflects its institutional edge, digital infrastructure revenues, and upside from its Payments Bank, but post-IPO, some premium may normalize. With CDSL riding strong retail growth and expanding fintech partnerships, the valuation gap could narrow as earnings converge over FY26–27.

Can NSE Be the Next Big Story on Its Listing, Similar to BSE?

NSE’s upcoming IPO has investors drawing parallels with BSE’s explosive post-listing returns, backed by its FY25 financial strength, market dominance, and rising retail interest. With key governance issues addressed, NSE’s listing could unlock significant shareholder value—potentially outpacing BSE’s success.

NSE Unlisted Shares: Do They Fit Warren Buffett’s Toll Road Investment Framework?

The NSE’s FY25 performance exemplifies Warren Buffett’s toll road investment philosophy, showcasing dominant market share, recurring revenues, high margins, and systemic indispensability. Its monopoly-like presence in India’s financial ecosystem makes it a resilient, high-quality long-term asset.

NSE vs BSE: FY25 Financial Performance Analysis

In FY25, NSE outpaced BSE across all key financial metrics, driven by its dominance in derivatives, diversified revenue streams, and superior cost efficiency. While BSE showed growth in mutual funds and SME platforms, it continues to trail NSE in scale and profitability.