DSM Fresh Foods Private Limited’s balance sheet as of March 31, 2024, shows total equity and liabilities of ₹501,246.22 (in thousands), compared to ₹200,286.11 as of March 31, 2023. Shareholders' funds increased significantly, with reserves and surplus growing from ₹142,544.01 to ₹389,558.86. Non-current liabilities also increased, driven by long-term borrowings rising from ₹1.80 to ₹19,790.46. Current liabilities increased, with short-term borrowings jumping from ₹20,678.02 to ₹56,423.50. On the assets side, non-current assets more than doubled, primarily due to increases in tangible assets (property, plant, and equipment) from ₹12,473.83 to ₹50,181.75 and long-term loans and advances from ₹807.91 to ₹115,972.61. Current assets also increased substantially, with notable rises in inventories from ₹452.50 to ₹40,067.80, trade receivables from ₹43,930.02 to ₹50,673.70, and short-term loans and advances from ₹51,449.28 to ₹130,220.96.
**Statement of Profit and Loss:**
The statement of profit and loss for the year ended March 31, 2024, shows a total revenue of ₹907,596.22, compared to ₹561,584.84 for the previous year. Revenue from operations increased from ₹561,255.54 to ₹904,391.63. Total expenses increased from ₹538,013.70 to ₹811,050.03, primarily driven by an increase in the cost of materials consumed from ₹411,622.82 to ₹665,449.21 and other expenses from ₹110,897.32 to ₹155,637.62. Profit/loss before tax increased from ₹23,571.14 to ₹96,546.19. After accounting for deferred tax, the profit/loss after tax increased significantly from ₹111,679.89 to ₹78,805.53. Basic earnings per share decreased from ₹7.961 to ₹5.560, and diluted earnings per share decreased from ₹5.318 to ₹3.686.
**Cash Flow Statement:**
The cash flow statement for the year ended March 31, 2024, indicates that net cash used in operating activities was ₹(129,959.71). Cash flows from investing activities showed a net cash outflow of ₹(59,281.02), primarily due to the purchase of property, plant, and equipment. Cash flows from financing activities resulted in a net cash inflow of ₹219,917.01, mainly from the proceeds from the issue of equity shares and compulsory convertible preference shares. Overall, there was a net increase in cash and cash equivalents of ₹30,676.28.
**Share Capital:**
The authorized share capital consists of 100,000 equity shares of ₹10 each, 100,000 compulsory convertible preference shares (CCPS) of 0.0001% of ₹100 each and 800 compulsory convertible preference shares of 0.001% of ₹100 each. The issued, subscribed, and fully paid-up share capital includes 14,900 equity shares, 6,607 CCPS of 0.0001%, and 851 CCPS of 0.001%.
**Reserves and Surplus:**
The securities premium increased significantly from ₹436,285.212 to ₹604,494.538 due to additions made on the issue of 0.1% Compulsory Convertible Debentures (CCDs), additions made on issue of 0.001% CCPS's and additions made on issue of Equity Shares.
**Long-Term Borrowings:**
Long-term borrowings mainly consist of secured bank loans and unsecured privately placed compulsorily convertible debentures.
**Trade Payables:**
The total outstanding dues to creditors other than micro and small enterprises is ₹21,786.58 (in thousands).
**Deferred Tax Assets:**
Deferred tax assets primarily arise from property, plant, and equipment, employee benefits/expenses allowable on payment basis, and unabsorbed depreciation and business losses.
**Loans and Advances:**
Loans and advances include security deposits, capital advances, advance income-tax, balances with statutory authorities, and advances to vendors and employees.
**Inventories:**
Inventories are valued at cost and net realizable value, whichever is lower, and primarily consist of chicken, mutton, and seafood.
**Revenue from Operations:**
Revenue from operations primarily consists of the sale of products.
**Analytical Ratios:**
The analytical ratios include current ratio, debt-equity ratio, return on equity ratio, inventory turnover ratio, trade receivables turnover ratio, trade payables turnover ratio, net capital turnover ratio, net profit ratio and return on capital employed.
The current ratio increased from 1.78 to 2.97 due to an increase in current assets.
**Other Information:**
The company's business activities predominantly involve the supply of meat products in Delhi NCR. Previous year amounts have been regrouped and/or reclassified wherever necessary.
