Consumer Food · Founded 2019 · www.leodryfruitsandspices.com · BSE 544329 · · ISIN INE0RH001011
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1. Business Overview
Leo Dryfruits & Spices Trading Ltd. is an Indian company operating in the consumer food sector, specifically focusing on dryfruits and spices. Its core business model involves sourcing, processing (which may include cleaning, sorting, grinding for spices, packaging), and distributing a range of dryfruits and spices. The company likely serves various market segments, including retail consumers, wholesalers, and potentially food service providers. It makes money by selling these value-added dryfruits and spice products at a markup over its procurement and processing costs.
2. Key Segments / Revenue Mix
Based on the company name, its primary business segments are likely:
Dryfruits: This segment would include products such as almonds, cashews, walnuts, raisins, pistachios, etc.
Spices: This segment would encompass whole spices, ground spices, and possibly blended spice mixes for various culinary uses.
Specific revenue contributions from each segment are not available.
3. Industry & Positioning
The Indian dryfruits and spices market is characterized by a mix of organized and unorganized players. It is generally fragmented, with strong regional brands alongside national players and a significant presence of local traders. The industry is driven by increasing health consciousness (for dryfruits), a staple demand for spices in Indian cuisine, rising disposable incomes, and a gradual shift from unorganized to organized retail. Without specific data, Leo Dryfruits & Spices Trading Ltd.'s positioning within this competitive landscape cannot be definitively stated. It could be focusing on specific regions, product quality, competitive pricing, or a niche product range.
4. Competitive Advantage (Moat)
Without specific information about VANDU, it's challenging to identify durable competitive advantages. Potential moats in the dryfruits and spices industry often include:
Brand Reputation: A strong brand built on trust, quality, and consistent product delivery.
Efficient Sourcing & Supply Chain: Direct relationships with growers/importers and an optimized logistics network.
Distribution Network: Extensive reach across various retail channels (general trade, modern trade, e-commerce).
Processing Capabilities & Quality Control: Advanced facilities ensuring hygiene, quality, and regulatory compliance.
The extent to which Leo Dryfruits & Spices Trading Ltd. possesses these advantages is unknown.
5. Growth Drivers
Key factors that can drive growth for Leo Dryfruits & Spices Trading Ltd. over the next 3-5 years include:
Rising Disposable Incomes: Increased consumer spending on food products, including premium dryfruits.
Urbanization & Changing Lifestyles: Growing demand for packaged, convenient, and hygienic food products.
Health & Wellness Trends: Increased consumption of dryfruits due to their perceived health benefits.
Shift to Organized Retail & E-commerce: Expanding presence in modern retail chains and online sales channels.
Product Innovation: Introduction of new blends, ready-to-use spice mixes, or value-added dryfruit snacks.
6. Risks
Commodity Price Volatility: Fluctuations in the prices of raw dryfruits and spices due to weather, geopolitical events, or global supply-demand dynamics can impact margins.
Intense Competition: The highly fragmented nature of the market means intense price and brand competition from both organized and unorganized players.
Supply Chain Disruptions: Dependency on agricultural produce makes the company vulnerable to crop failures, logistics issues, and import/export restrictions.
Food Safety & Quality Control: Any lapses in product quality or food safety standards could lead to regulatory action, brand damage, and consumer mistrust.
Regulatory Changes: Evolving food safety standards (e.g., FSSAI regulations in India) and import/export policies could impact operations and costs.
7. Management & Ownership
As an Indian public limited company, Leo Dryfruits & Spices Trading Ltd. would have a promoter group that typically holds a significant stake and provides strategic direction. The management team would be responsible for day-to-day operations and execution. Specific details regarding the background, experience, or quality of the current management team are not available. The ownership structure would typically include the promoter group, institutional investors, and public shareholders, but specific percentages are unknown.
8. Outlook
The outlook for Leo Dryfruits & Spices Trading Ltd. is positioned within a growing Indian consumer food market, particularly benefiting from increasing demand for packaged dryfruits and spices. The company has the potential to capitalize on favorable demographic trends, rising disposable incomes, and the ongoing shift towards branded and organized food products. However, success is contingent on effective execution in a highly competitive and price-sensitive environment. Key challenges include managing commodity price volatility, ensuring consistent product quality and safety, building a strong brand presence, and efficiently scaling its sourcing and distribution networks against established players and regional competitors. The ability to innovate, maintain strong supply chain relationships, and adapt to evolving consumer preferences will be crucial for sustainable growth.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
| #(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 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|
| Net Sales | 5 | 36 | 62 | 87 | |
| Other Income | 0 | 0 | 0 | 0 | |
| Total Income | 5 | 36 | 62 | 87 | |
| Total Expenditure | 5 | 30 | 51 | 72 | |
| Operating Profit | 0 | 6 | 11 | 15 | |
| Interest | 0 | 0 | 1 | 2 | |
| Depreciation | 0 | 0 | 1 | 1 | |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 0 | 5 | 9 | 13 | |
| Provision for Tax | 0 | 2 | 3 | 5 | |
| Profit After Tax | 0 | 4 | 7 | 8 | |
| Adjustments | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 0 | 4 | 7 | 8 | |
| Adjusted Earnings Per Share | 0 | 4 | 5.2 | 4.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 40% | 159% | 0% | 0% |
| Operating Profit CAGR | 36% | 0% | 0% | 0% |
| PAT CAGR | 14% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -9% | NA% | NA% | NA% |
| ROE Average | 17% | 55% | 43% | 43% |
| ROCE Average | 22% | 33% | 25% | 25% |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Shareholder's Funds | 1 | 5 | 34 | 64 |
| Minority's Interest | 0 | 0 | 0 | 0 |
| Borrowings | 6 | 7 | 1 | 3 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 5 | 15 | 17 | 51 |
| Total Liabilities | 12 | 27 | 52 | 117 |
| Fixed Assets | 4 | 4 | 4 | 4 |
| Other Non-Current Assets | 0 | 1 | 0 | 1 |
| Total Current Assets | 8 | 22 | 48 | 112 |
| Total Assets | 12 | 27 | 52 | 117 |
| #(Fig in Cr.) | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 1 | 0 | 0 |
| Cash Flow from Operating Activities | -3 | -8 | -14 | -31 |
| Cash Flow from Investing Activities | -4 | -1 | -0 | -1 |
| Cash Flow from Financing Activities | 7 | 9 | 15 | 32 |
| Net Cash Inflow / Outflow | 1 | -1 | 0 | 0 |
| Closing Cash & Cash Equivalent | 1 | 0 | 0 | 0 |
| # | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.01 | 4.01 | 5.15 | 4.56 |
| CEPS(Rs) | 0.01 | 4.49 | 5.54 | 4.85 |
| DPS(Rs) | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0.15 | 5.51 | 26.21 | 35.59 |
| Core EBITDA Margin(%) | 2.09 | 17.02 | 17.91 | 16.99 |
| EBIT Margin(%) | 2.09 | 15.9 | 17.26 | 16.45 |
| Pre Tax Margin(%) | 2.09 | 14.69 | 15.06 | 14.57 |
| PAT Margin (%) | 1.5 | 9.97 | 10.82 | 9.35 |
| Cash Profit Margin (%) | 1.51 | 11.17 | 11.63 | 9.94 |
| ROA(%) | 0.66 | 18.82 | 17.04 | 9.62 |
| ROE(%) | 5.79 | 114.23 | 34.31 | 16.68 |
| ROCE(%) | 1.49 | 41.78 | 33.67 | 22.41 |
| Receivable days | 192.63 | 50.96 | 87.49 | 198.26 |
| Inventory Days | 261.54 | 84.11 | 107.62 | 119.34 |
| Payable days | 314.75 | 52.89 | 35.48 | 89.65 |
| PER(x) | 0 | 0 | 0 | 11.94 |
| Price/Book(x) | 0 | 0 | 0 | 1.53 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.24 | 0.45 | 0.36 | 1.36 |
| EV/Core EBITDA(x) | 59.27 | 2.66 | 1.97 | 7.96 |
| Net Sales Growth(%) | 0 | 592.06 | 70.6 | 40.45 |
| EBIT Growth(%) | 0 | 5173.43 | 85.16 | 33.83 |
| PAT Growth(%) | 0 | 4500.76 | 85.15 | 21.32 |
| EPS Growth(%) | 0 | 0 | 28.5 | -11.43 |
| Debt/Equity(x) | 4.4 | 3.07 | 0.27 | 0.33 |
| Current Ratio(x) | 1.77 | 1.47 | 2.83 | 2.22 |
| Quick Ratio(x) | 0.95 | 0.59 | 1.45 | 1.56 |
| Interest Cover(x) | 0 | 13.09 | 7.84 | 8.75 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0.22 |
| # | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 38.11 | 38.11 | 38.11 | 38.11 | 38.11 |
| FII | 4.71 | 3.82 | 2.62 | 2.34 | 0.91 |
| DII | 1.99 | 1.17 | 0.46 | 0 | 0 |
| Public | 55.19 | 56.89 | 58.81 | 59.55 | 60.98 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 |
| FII | 0.08 | 0.07 | 0.05 | 0.04 | 0.02 |
| DII | 0.04 | 0.02 | 0.01 | 0 | 0 |
| Public | 0.99 | 1.02 | 1.05 | 1.07 | 1.09 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 |
| # | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 38.11 | 38.11 | 38.11 | 38.11 | 38.11 |
| FII | 4.71 | 3.82 | 2.62 | 2.34 | 0.91 |
| DII | 1.99 | 1.17 | 0.46 | 0 | 0 |
| Public | 61.89 | 61.89 | 61.89 | 61.89 | 61.89 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 |
| # | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Promoter | 0.68 | 0.68 | 0.68 | 0.68 | 0.68 |
| FII | 0.08 | 0.07 | 0.05 | 0.04 | 0.02 |
| DII | 0.04 | 0.02 | 0.01 | 0 | 0 |
| Public | 1.11 | 1.11 | 1.11 | 1.11 | 1.11 |
| Others | 0 | 0 | 0 | 0 | 0 |
| Total | 1.79 | 1.79 | 1.79 | 1.79 | 1.79 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +40% | +159% | — | — |
| Operating Profit CAGR | +36% | — | — | — |
| PAT CAGR | +14% | — | — | — |
| Share Price CAGR | -9% | — | — | — |
| ROE Average | +17% | +55% | +43% | +43% |
| ROCE Average | +22% | +33% | +25% | +25% |
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