Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹123 Cr.
Stock P/E
13.6
P/B
1.1
Current Price
₹55.2
Book Value
₹ 48.5
Face Value
10
52W High
₹208
52W Low
₹ 47.1
Dividend Yield
0%

DSM Fresh Foods Overview

Business

DSM Fresh Foods Ltd., operating under the ticker ZAPPFRESH, is an Indian retailing company primarily focused on fresh food products. Its core business model likely involves sourcing fresh produce (fruits, vegetables, possibly dairy, meat, and other perishable goods) directly from producers or wholesalers and retailing them to end consumers. Given the company name and ticker, it probably emphasizes freshness and speed, potentially leveraging an online or quick-delivery model alongside or instead of traditional brick-and-mortar stores. The company makes money through the sale of these fresh food items, deriving revenue from the mark-up on the cost of goods sold.

Revenue Mix

Specific key segments and their revenue contributions are not available. However, based on the "Fresh Foods" designation, potential segments could include:

Fruits and Vegetables

Dairy and Bakery products

Meat, Poultry, and Seafood

Ready-to-eat or Ready-to-cook fresh meals

Without specific data, it is not possible to detail the revenue mix.

Industry

DSM Fresh Foods Ltd. operates within the vast and rapidly evolving Indian Retailing sector, specifically targeting the fresh produce and grocery sub-segment. The Indian retail industry is characterized by a significant presence of unorganized local vendors and wet markets, alongside a growing organized sector comprising large supermarket chains, hypermarkets, and increasingly, online grocery platforms. DSM Fresh Foods Ltd. likely positions itself against traditional local vendors through assured quality, hygiene, and convenience, and against larger organized players through specialized focus on freshness, potentially faster delivery (suggested by "ZAPPFRESH"), or a curated product range. Competition is intense from both established retail giants and emerging e-commerce players.

MOAT

Without specific company details, potential competitive advantages (moats) for DSM Fresh Foods Ltd. could stem from:

Brand Reputation: Building trust among consumers for consistent quality, freshness, and reliability of perishable goods.

Efficient Supply Chain: Developing a robust and efficient cold chain and logistics network that minimizes spoilage, ensures rapid delivery, and optimizes sourcing costs.

Customer Loyalty/Switching Costs: While generally low in retail, strong customer service, personalized offerings, and a seamless shopping experience could build loyalty.

Operational Excellence: Superior execution in inventory management, waste reduction, and last-mile delivery.

The existence and strength of these potential moats would depend on the company's execution and market penetration.

Growth Drivers

Key factors that could drive growth for DSM Fresh Foods Ltd. over the next 3-5 years include:

Rising Disposable Incomes: Increasing consumer spending power leading to demand for higher quality and convenient fresh food options.

Urbanization & Lifestyle Changes: Growing urban populations and busier lifestyles driving demand for organized retail and online grocery delivery.

Shift to Organized Retail: Gradual migration of consumers from traditional unorganized markets to modern retail formats due to hygiene, quality, and convenience concerns.

Digital Penetration: Increased internet and smartphone adoption facilitating growth in online grocery and fresh food delivery services.

Focus on Health & Wellness: Growing consumer awareness about healthy eating, boosting demand for fresh, quality produce.

Supply Chain Infrastructure Improvement: Continuous development in cold chain and logistics infrastructure within India.

Risks

Key business risks for DSM Fresh Foods Ltd. include:

Perishability & Waste Management: High risk of inventory spoilage and waste due to the nature of fresh foods, impacting profitability.

Supply Chain Volatility: Fluctuations in raw material prices (produce), availability, and quality, compounded by logistical challenges in India.

Intense Competition: Fierce competition from a fragmented market including local vendors, large national and international retail chains, and aggressive e-commerce players, leading to pricing pressures.

Logistical Challenges: Maintaining an efficient cold chain and last-mile delivery in diverse geographical conditions across India can be complex and costly.

Regulatory & Food Safety Risks: Compliance with evolving food safety standards and regulations, and potential reputational damage from quality issues.

Changing Consumer Preferences: The need to constantly adapt to evolving tastes and preferences for fresh produce and convenience.

Management & Ownership

Specific details regarding promoters, management quality, or ownership structure are not provided. As a "Ltd." company, it implies a formal corporate structure with a board of directors and a professional management team responsible for day-to-day operations and strategic direction.

Outlook

DSM Fresh Foods Ltd. operates in a dynamic sector with significant growth potential, driven by India's demographic tailwinds and increasing formalization of retail. The "Fresh Foods" focus positions it in a high-demand segment where consumers are increasingly willing to pay a premium for quality and convenience. If the company can effectively build a trusted brand, establish an efficient cold chain and logistics network, and leverage technology for seamless customer experience, it stands to capture a share of this growing market. However, the outlook is tempered by the inherent challenges of the fresh food business, including high perishability, thin margins, and intense competition from both traditional and modern retail formats. Successful execution of supply chain management, customer acquisition, and retention will be critical in navigating these competitive pressures and achieving sustainable profitability.

DSM Fresh Foods Share Price

Live · BSE · Inception: 2015
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

DSM Fresh Foods Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

DSM Fresh Foods Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 56 56 90 131
Other Income 0 0 0 1
Total Income 57 57 91 131
Total Expenditure 59 53 81 114
Operating Profit -3 3 10 17
Interest 0 0 1 4
Depreciation 0 0 1 2
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax -3 3 8 12
Provision for Tax -1 0 3 3
Profit After Tax -2 3 5 9
Adjustments 0 0 0 0
Profit After Adjustments -2 3 5 9
Adjusted Earnings Per Share -2.4 2.7 4.3 5.5

DSM Fresh Foods Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 12 17 38 49
Minority's Interest 0 0 0 0
Borrowings 0 0 2 11
Other Non-Current Liabilities -10 -10 -7 -4
Total Current Liabilities 9 5 10 24
Total Liabilities 11 12 43 79
Fixed Assets 1 1 5 7
Other Non-Current Assets 0 0 12 28
Total Current Assets 10 11 27 44
Total Assets 11 12 43 79

DSM Fresh Foods Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1 1 0 4
Cash Flow from Operating Activities -2 -2 -13 -17
Cash Flow from Investing Activities -0 -1 -5 -10
Cash Flow from Financing Activities 2 3 22 23
Net Cash Inflow / Outflow 0 -0 4 -3
Closing Cash & Cash Equivalent 1 0 4 1

DSM Fresh Foods Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -2.45 2.69 4.31 5.53
CEPS(Rs) -2.24 3.04 5.27 6.47
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 11.4 16.21 35.09 29.97
Core EBITDA Margin(%) -5.12 5.53 10.36 12.48
EBIT Margin(%) -5.29 5.5 9.48 11.86
Pre Tax Margin(%) -5.5 5 8.43 8.91
PAT Margin (%) -4.41 4.87 5.16 6.92
Cash Profit Margin (%) -4.04 5.48 6.3 8.11
ROA(%) -23.04 24.23 17.11 14.82
ROE(%) -21.48 19.52 17.15 20.8
ROCE(%) -23.84 19.9 26.67 24.53
Receivable days 53.06 41.23 19.5 30.75
Inventory Days 0.08 0.18 8.18 14.34
Payable days 65.29 46.47 16.82 9.56
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.01 0.03 0.04 0.36
EV/Core EBITDA(x) -0.11 0.54 0.35 2.76
Net Sales Growth(%) 0 -0.26 60.68 44.55
EBIT Growth(%) 0 203.71 176.77 80.92
PAT Growth(%) 0 210.04 70.4 93.97
EPS Growth(%) 0 210.04 60.11 28.1
Debt/Equity(x) 0.07 0.13 0.2 0.65
Current Ratio(x) 1.09 2.07 2.71 1.84
Quick Ratio(x) 1.09 2.06 2.3 1.58
Interest Cover(x) -25.81 10.86 9.01 4.02
Total Debt/Mcap(x) 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +46% +33% — —
Operating Profit CAGR +70% — — —
PAT CAGR +80% — — —
Share Price CAGR -66% — — —
ROE Average +21% +19% +9% +9%
ROCE Average +25% +24% +12% +12%

DSM Fresh Foods Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 28.16 %
FII 1.25 %
DII (MF + Insurance) 4.56 %
Public (retail) 66.04 %
# Oct 2025 Mar 2026
Promoter 28.1128.16
FII 6.451.25
DII 8.864.56
Public 56.5866.04
Others 00
Total 100100

DSM Fresh Foods Peer Comparison

Retailing Edit Columns

DSM Fresh Foods Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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DSM Fresh Foods Pros & Cons

Pros

  • Debtor days have improved from 16.82 to 9.56days.

Cons

  • Promoter holding is low: 28.16%.
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