Consumer Food · Founded 1992 · www.freshtrop.com / www.puretrop.com · BSE 530077 · · ISIN INE795D01011
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Business
Puretrop Fruits Ltd. is an Indian company operating in the Consumer Food sector, specifically within the Consumer Food industry. Given its name, "Puretrop Fruits," the company likely specializes in the sourcing, processing, packaging, and distribution of fruit-based products. Its core business model would involve procuring fruits (either fresh or for processing), converting them into various consumer-ready food items, and selling them through retail channels (supermarkets, kiranas, online platforms) to end consumers. The company makes money by selling these fruit-based products at a margin above their procurement, processing, packaging, marketing, and distribution costs. Products could range from fresh fruit, fruit juices, purees, jams, dried fruits, fruit-based snacks, or ingredients for other food manufacturers.
Revenue Mix
Specific revenue mix and key business segments for Puretrop Fruits Ltd. are not available. However, based on the industry and name, potential segments could include:
Fresh Fruits: Sourcing and distributing fresh produce.
Processed Fruits: Manufacturing and selling products like fruit juices, concentrates, jams, jellies, purees, or dried fruit snacks.
Value-Added Fruit Products: Innovative fruit-based snacks, desserts, or health-focused items.
B2B Sales: Supplying fruit pulps, concentrates, or ingredients to other food and beverage manufacturers.
B2C Sales: Direct sales to consumers through retail and e-commerce.
Industry
Puretrop Fruits Ltd. operates in the Indian Consumer Food industry, a large and growing market driven by rising disposable incomes, urbanization, and evolving dietary preferences. The fruit segment specifically benefits from increasing health consciousness among consumers. The industry is highly competitive, characterized by a mix of large national and international players (e.g., ITC, Britannia, Dabur, PepsiCo, Coca-Cola with their fruit-based offerings), regional brands, and a vast unorganized sector. Without specific data, Puretrop's exact positioning is unknown, but it would likely compete on factors such as product quality, freshness, pricing, brand recognition, and distribution reach. It could be a regional specialist, a niche player focused on specific fruit varieties or organic products, or aiming for a broader national presence.
MOAT
Without specific information, it is difficult to ascertain if Puretrop Fruits Ltd. possesses a durable competitive advantage. Potential moats in the consumer food industry that Puretrop could leverage include:
Brand Recognition & Trust: Building a strong brand around purity, quality, or taste.
Efficient Supply Chain: Deep relationships with farmers, effective sourcing, and cold chain logistics for cost efficiency and consistent quality.
Distribution Network: Extensive reach across diverse retail formats in India.
Economies of Scale: Lower per-unit costs in procurement, processing, and marketing as volumes grow.
Proprietary Processing/Product Innovation: Unique recipes, processing methods, or novel fruit-based products.
The company's name "Puretrop" suggests a focus on purity or tropical fruits, which could be a differentiating factor, but whether it translates into a sustainable moat depends on execution and market perception.
Growth Drivers
Puretrop Fruits Ltd.'s growth over the next 3-5 years could be driven by several factors:
Rising Disposable Incomes: Increasing consumer spending on packaged and processed food products in India.
Health and Wellness Trends: Growing demand for natural, fruit-based, and nutritious food options as consumers become more health-conscious.
Urbanization and Changing Lifestyles: Demand for convenient, ready-to-eat/drink fruit products.
Expansion of Organized Retail & E-commerce: Wider market access through modern trade channels and online platforms.
Product Innovation: Introduction of new fruit variants, innovative product formats, and value-added offerings to cater to evolving tastes.
Supply Chain Enhancement: Improved cold chain logistics and farm-to-fork efficiency can reduce waste and increase market reach.
Risks
Puretrop Fruits Ltd. faces several risks inherent to the consumer food and fruit-processing industry:
Commodity Price Volatility: Fluctuations in the prices of raw fruits due to weather conditions, crop yields, and market demand, impacting cost of goods.
Supply Chain Disruptions: Perishability of fruits requires robust cold chain and logistics, vulnerable to transport issues, weather events, and disease outbreaks.
Intense Competition: High fragmentation and competition from local, national, and international brands make market share gains challenging.
Regulatory Changes: Evolving food safety standards, labeling requirements, and import/export policies can impact operations and costs.
Consumer Preference Shifts: Rapid changes in consumer tastes or new health fads can render existing products less popular.
Quality Control & Food Safety: Any lapses in product quality or safety can lead to recalls, reputational damage, and loss of consumer trust.
Seasonality: Dependence on seasonal fruit availability can lead to inventory management challenges and necessitate diverse sourcing strategies.
Management & Ownership
Specific details regarding the promoters, management team, and ownership structure of Puretrop Fruits Ltd. are not available. As a "Ltd." company in India, it would typically be governed by a board of directors, potentially led by founding promoters or a professional management team. The quality of management, their experience in the consumer food sector, and their vision for supply chain, branding, and distribution would be crucial for the company's success. Ownership could range from promoter-held, private equity-backed, or potentially public, though its current status is unknown.
Outlook
Puretrop Fruits Ltd. operates in an attractive market segment within India's growing consumer food industry, benefiting from favorable demographic trends and increasing health awareness. The demand for fruit-based and natural food products is on an upward trajectory. The company's success will largely depend on its ability to establish a strong brand identity, ensure consistent product quality, develop an efficient and resilient supply chain for perishable goods, and build a robust distribution network. Challenges include intense competition, managing raw material price volatility, and navigating regulatory complexities. While the market offers significant growth opportunities, execution risks are substantial, requiring strategic differentiation and operational excellence to achieve sustainable profitability and market share.
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| #(Fig in Cr.) | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 38 | 30 | 35 | 20 | 27 | 28 | 27 | 26 | 41 | 28 |
| Other Income | 2 | 1 | 1 | -0 | 0 | 2 | 0 | 1 | 1 | 2 |
| Total Income | 39 | 31 | 36 | 20 | 28 | 30 | 27 | 27 | 42 | 30 |
| Total Expenditure | 39 | 28 | 36 | 23 | 31 | 27 | 22 | 23 | 38 | 23 |
| Operating Profit | 1 | 3 | 0 | -3 | -3 | 2 | 5 | 5 | 3 | 7 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | -1 | 2 | -2 | -5 | -4 | 1 | 4 | 3 | 2 | 5 |
| Provision for Tax | -0 | 1 | -1 | -1 | -1 | -0 | 1 | 1 | 1 | 1 |
| Profit After Tax | -0 | 1 | -1 | -3 | -4 | 1 | 3 | 3 | 1 | 5 |
| Adjustments | 0 | 15 | -0 | 2 | 2 | 15 | 1 | 0 | 2 | 0 |
| Profit After Adjustments | -0 | 16 | -1 | -2 | -1 | 15 | 4 | 3 | 4 | 5 |
| Adjusted Earnings Per Share | -0.2 | 1.4 | -1.2 | -4.2 | -4.5 | 0.8 | 3.3 | 3.3 | 1.8 | 6.6 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 119 | 141 | 176 | 171 | 165 | 147 | 174 | 107 | 107 | 112 | 122 | 122 |
| Other Income | 3 | 3 | 2 | 5 | 2 | 4 | 5 | 1 | 3 | 3 | 4 | 4 |
| Total Income | 122 | 144 | 177 | 176 | 167 | 150 | 179 | 108 | 109 | 114 | 126 | 126 |
| Total Expenditure | 104 | 125 | 158 | 152 | 154 | 131 | 163 | 98 | 111 | 118 | 110 | 106 |
| Operating Profit | 18 | 18 | 19 | 24 | 13 | 19 | 16 | 10 | -1 | -3 | 16 | 20 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 4 | 5 | 5 | 5 | 4 |
| Exceptional Income / Expenses | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 13 | 14 | 13 | 18 | 6 | 13 | 10 | 5 | -7 | -9 | 10 | 14 |
| Provision for Tax | 5 | 5 | 5 | 4 | 1 | 4 | 3 | 1 | -2 | -2 | 2 | 4 |
| Profit After Tax | 8 | 9 | 8 | 14 | 5 | 9 | 7 | 5 | -4 | -7 | 7 | 12 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 64 | 19 | 18 | 3 |
| Profit After Adjustments | 8 | 9 | 8 | 14 | 5 | 9 | 7 | 8 | 60 | 12 | 25 | 16 |
| Adjusted Earnings Per Share | 6.6 | 7.3 | 6.8 | 11.3 | 4.1 | 8.7 | 6.9 | 4.6 | -4.4 | -8.6 | 9.1 | 15 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 9% | 4% | -4% | 0% |
| Operating Profit CAGR | 0% | 17% | -3% | -1% |
| PAT CAGR | 0% | 12% | -5% | -1% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 27% | -5% | 11% | 7% |
| ROE Average | 6% | -1% | 2% | 9% |
| ROCE Average | 8% | -1% | 3% | 10% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 47 | 55 | 62 | 77 | 72 | 78 | 84 | 82 | 142 | 113 | 138 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 1 | 1 | 15 | 10 | 6 | 2 | 6 | 5 | 0 | 1 | 1 |
| Other Non-Current Liabilities | 5 | 5 | 6 | 6 | 3 | 5 | 5 | 4 | 4 | 4 | 4 |
| Total Current Liabilities | 59 | 69 | 75 | 78 | 81 | 70 | 74 | 75 | 16 | 12 | 10 |
| Total Liabilities | 111 | 130 | 158 | 172 | 162 | 155 | 169 | 167 | 162 | 130 | 152 |
| Fixed Assets | 40 | 38 | 58 | 56 | 55 | 52 | 51 | 48 | 41 | 57 | 51 |
| Other Non-Current Assets | 1 | 4 | 1 | 1 | 8 | 5 | 4 | 1 | 3 | 1 | 1 |
| Total Current Assets | 70 | 89 | 99 | 114 | 99 | 98 | 114 | 119 | 118 | 71 | 100 |
| Total Assets | 111 | 130 | 158 | 172 | 162 | 155 | 169 | 167 | 162 | 130 | 152 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 3 | 2 | 7 | 4 | 4 | 2 | 3 | 5 | 4 | 0 | 0 |
| Cash Flow from Operating Activities | 4 | 6 | 9 | 16 | 19 | 10 | 8 | 11 | 73 | 40 | 24 |
| Cash Flow from Investing Activities | -2 | -4 | -23 | -11 | 0 | -3 | -0 | -0 | -60 | 8 | -21 |
| Cash Flow from Financing Activities | -3 | 2 | 12 | -5 | -21 | -5 | -6 | -13 | -17 | -47 | -3 |
| Net Cash Inflow / Outflow | -1 | 5 | -2 | -1 | -1 | 1 | 2 | -1 | -4 | 0 | 0 |
| Closing Cash & Cash Equivalent | 2 | 7 | 4 | 4 | 2 | 3 | 5 | 4 | 0 | 0 | 0 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 6.63 | 7.35 | 6.84 | 11.32 | 4.14 | 8.68 | 6.88 | 4.6 | -4.41 | -8.55 | 9.11 |
| CEPS(Rs) | 9.83 | 10.61 | 10.26 | 15.58 | 8.97 | 13.51 | 11.42 | 8.79 | 0.32 | -2.61 | 15.8 |
| DPS(Rs) | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 38.35 | 45.45 | 50.85 | 63.64 | 64.32 | 71.73 | 78.2 | 83.32 | 143.44 | 141.2 | 172.97 |
| Core EBITDA Margin(%) | 12.61 | 10.74 | 9.79 | 11.46 | 6.37 | 10.02 | 6.4 | 8.93 | -3.82 | -5.27 | 9.61 |
| EBIT Margin(%) | 11.55 | 10.06 | 8 | 11.16 | 4.27 | 9.12 | 6.26 | 5.59 | -5.61 | -7.21 | 8.38 |
| Pre Tax Margin(%) | 10.46 | 9.55 | 7.54 | 10.39 | 3.56 | 8.48 | 5.78 | 5.04 | -6.34 | -7.94 | 7.88 |
| PAT Margin (%) | 6.68 | 6.28 | 4.71 | 7.98 | 2.73 | 6.18 | 4.12 | 4.21 | -4.09 | -6.09 | 5.95 |
| Cash Profit Margin (%) | 9.91 | 9.06 | 7.07 | 10.98 | 5.91 | 9.62 | 6.83 | 8.05 | 0.3 | -1.86 | 10.32 |
| ROA(%) | 7.92 | 7.39 | 5.77 | 8.35 | 2.77 | 5.99 | 4.55 | 2.71 | -2.65 | -4.67 | 5.15 |
| ROE(%) | 18.6 | 17.54 | 14.2 | 19.77 | 6.2 | 12.64 | 9.09 | 5.48 | -3.89 | -5.36 | 5.8 |
| ROCE(%) | 20.36 | 18.83 | 15.29 | 17.53 | 6.55 | 13.09 | 10.3 | 5.72 | -4.77 | -6.12 | 8.02 |
| Receivable days | 54.59 | 74.73 | 86.05 | 94.85 | 77.93 | 77.87 | 68.34 | 122.22 | 83.11 | 24.56 | 16.42 |
| Inventory Days | 110.51 | 110.16 | 84.27 | 90.18 | 105.28 | 112.66 | 113.39 | 221.12 | 159.31 | 75.33 | 58.68 |
| Payable days | 129.18 | 161.9 | 145.13 | 187.08 | 176.22 | 196.14 | 174.32 | 268.6 | 121.67 | 21.64 | 23.02 |
| PER(x) | 13.8 | 13.85 | 20.95 | 13.55 | 9.51 | 9.21 | 14.78 | 21.97 | 0 | 0 | 19.53 |
| Price/Book(x) | 2.38 | 2.24 | 2.82 | 2.41 | 0.61 | 1.11 | 1.3 | 1.21 | 1.15 | 0.81 | 1.03 |
| Dividend Yield(%) | 1.09 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.12 | 1.02 | 1.2 | 1.29 | 0.45 | 0.77 | 0.73 | 1.09 | 1.5 | 0.83 | 1.12 |
| EV/Core EBITDA(x) | 7.48 | 7.81 | 11.19 | 9.05 | 5.89 | 5.82 | 7.95 | 11.52 | -122.59 | -27.99 | 8.81 |
| Net Sales Growth(%) | -1.23 | 18.16 | 24.93 | -2.44 | -3.64 | -11.28 | 18.81 | -38.34 | -0.76 | 4.85 | 9.12 |
| EBIT Growth(%) | -3.01 | 2.91 | -1.44 | 36.19 | -62.42 | 93.9 | -20.22 | -45.94 | -199.12 | -34.7 | 226.82 |
| PAT Growth(%) | 6.11 | 10.88 | -6.97 | 65.51 | -66.39 | 105.35 | -22.45 | -38.14 | -195.86 | -56.25 | 206.55 |
| EPS Growth(%) | 6.11 | 10.88 | -6.97 | 65.51 | -63.38 | 109.53 | -20.74 | -33.18 | -195.86 | -94 | 206.55 |
| Debt/Equity(x) | 0.52 | 0.47 | 0.67 | 0.5 | 0.46 | 0.4 | 0.29 | 0.26 | 0.04 | 0.03 | 0.01 |
| Current Ratio(x) | 1.2 | 1.28 | 1.32 | 1.46 | 1.23 | 1.39 | 1.53 | 1.59 | 7.29 | 5.73 | 9.88 |
| Quick Ratio(x) | 0.5 | 0.63 | 0.84 | 0.84 | 0.63 | 0.74 | 0.66 | 0.71 | 5.62 | 4.21 | 7.89 |
| Interest Cover(x) | 10.61 | 19.43 | 17.53 | 14.59 | 6 | 14.12 | 13.14 | 10.17 | -7.71 | -9.8 | 16.88 |
| Total Debt/Mcap(x) | 0.22 | 0.21 | 0.24 | 0.21 | 0.75 | 0.36 | 0.22 | 0.21 | 0.03 | 0.04 | 0.01 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 63.22 | 59.23 | 59.23 | 60.35 | 61.46 | 62.39 | 62.39 | 62.39 | 60.87 | 64.27 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 36.78 | 40.77 | 40.77 | 39.65 | 38.54 | 37.61 | 37.61 | 37.61 | 39.13 | 35.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.63 | 0.47 | 0.47 | 0.48 | 0.49 | 0.5 | 0.5 | 0.5 | 0.49 | 0.44 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.36 | 0.32 | 0.32 | 0.32 | 0.31 | 0.3 | 0.3 | 0.3 | 0.31 | 0.25 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.99 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.69 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +9% | +4% | -4% | 0% |
| Operating Profit CAGR | — | +17% | -3% | -1% |
| PAT CAGR | — | +12% | -5% | -1% |
| Share Price CAGR | +27% | -5% | +11% | +7% |
| ROE Average | +6% | -1% | +2% | +9% |
| ROCE Average | +8% | -1% | +3% | +10% |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 63.22 | 59.23 | 59.23 | 60.35 | 61.46 | 62.39 | 62.39 | 62.39 | 60.87 | 64.27 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 36.78 | 40.77 | 40.77 | 39.65 | 38.54 | 37.61 | 37.61 | 37.61 | 39.13 | 35.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.63 | 0.47 | 0.47 | 0.48 | 0.49 | 0.5 | 0.5 | 0.5 | 0.49 | 0.44 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.36 | 0.32 | 0.32 | 0.32 | 0.31 | 0.3 | 0.3 | 0.3 | 0.31 | 0.25 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.99 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.69 |
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