Consumer Food · Founded 2007 · www.tanvifoods.com · BSE 540332 · · ISIN INE978V01015
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1. Business Overview
Tanvi Foods (India) Ltd. operates in the consumer food sector, indicating its primary business involves the manufacturing, processing, and distribution of various food products for end consumers. Its core business model would typically entail sourcing raw materials, processing them into value-added food items, and then marketing and selling these products through various distribution channels such as retail stores, supermarkets, or potentially institutional sales. The company generates revenue directly from the sale of its food products.
2. Key Segments / Revenue Mix
Specific details regarding the key business segments or a detailed breakdown of the revenue mix for Tanvi Foods (India) Ltd. are not publicly available in the provided information. Companies in this sector often categorize segments by product type (e.g., snacks, beverages, ready-to-eat meals) or distribution channel.
3. Industry & Positioning
The Indian consumer food industry is vast, dynamic, and highly competitive, characterized by a mix of large multinational corporations, established domestic players, and numerous smaller regional entities. It is driven by factors such as increasing disposable incomes, urbanization, changing lifestyles, and a growing demand for convenience foods. Without specific market share data or product details, Tanvi Foods is likely positioned as a smaller or regional player within this fragmented market, competing with a wide array of brands on factors like price, quality, taste, and distribution reach.
4. Competitive Advantage (Moat)
In the highly competitive Indian consumer food market, establishing durable competitive advantages (moats) can be challenging, especially for smaller players. Without specific information, it is difficult to identify strong, long-lasting moats for Tanvi Foods. Potential, but often limited, advantages could arise from:
Localized Brand Loyalty: Strong recognition and preference for specific products within certain geographies.
Cost Efficiency: Ability to produce goods at a lower cost than competitors due to efficient operations or favorable raw material sourcing.
Distribution Network: A well-established and efficient supply chain to reach consumers in target markets.
However, these are often vulnerable to disruption by larger players with greater resources for branding, R&D, and broader distribution.
5. Growth Drivers
Key factors that could drive growth for Tanvi Foods over the next 3-5 years include:
Rising Disposable Incomes: Increasing consumer spending power, leading to higher demand for value-added food products.
Urbanization and Changing Lifestyles: Growth in urban populations and busier lifestyles fueling demand for convenience foods and packaged products.
Expansion of Organized Retail: Greater reach through modern trade channels and e-commerce platforms.
Product Diversification: Introduction of new products or variants catering to evolving consumer tastes, health trends, or niche markets.
Geographic Expansion: Extending market reach into new regions within India.
6. Risks
Tanvi Foods faces several key business risks:
Raw Material Price Volatility: Fluctuations in the cost of agricultural commodities and other inputs can impact profitability.
Intense Competition: The presence of numerous domestic and international players can lead to pricing pressure and market share erosion.
Regulatory Changes: Strict food safety regulations, labeling requirements, and other government policies can increase compliance costs and operational complexity.
Supply Chain Disruptions: Issues in logistics, storage, or distribution can affect product availability and freshness.
Brand Perception and Reputation: Food safety concerns or quality issues can severely damage consumer trust and brand value.
Economic Slowdown: A general economic downturn could reduce consumer discretionary spending on packaged foods.
7. Management & Ownership
Detailed information regarding the specific promoters, management quality assessment, and precise ownership structure for Tanvi Foods (India) Ltd. is not provided. In India, many companies, especially in this segment and market capitalization range, are often promoter-driven, implying significant control and influence by the founding family or individuals. Ownership structures typically involve a promoter holding, institutional investors, and public shareholding.
8. Outlook
Tanvi Foods operates within a fundamentally strong and growing Indian consumer food market, driven by favorable demographic and economic trends. This provides a positive backdrop for potential revenue growth. However, the company's outlook is tempered by the highly competitive nature of the industry, where established players command significant brand equity and distribution power. Success will likely depend on its ability to differentiate its products, maintain cost efficiency, adapt to evolving consumer preferences, and effectively manage its supply chain and distribution in a competitive landscape. While growth opportunities exist, the path will likely be challenging due to intense competition and potential raw material price volatility.
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 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 52 | 59 | 67 | 77 | 84 | 61 | 81 | 82 | 82 | 85 | |
| Other Income | 0 | 2 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | |
| Total Income | 52 | 61 | 67 | 78 | 85 | 62 | 81 | 82 | 82 | 85 | |
| Total Expenditure | 48 | 56 | 62 | 72 | 79 | 57 | 76 | 78 | 79 | 82 | |
| Operating Profit | 4 | 5 | 6 | 6 | 6 | 5 | 5 | 4 | 3 | 3 | |
| Interest | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Exceptional Income / Expenses | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit Before Tax | 2 | 1 | 2 | 2 | 2 | 1 | 2 | 1 | 1 | 0 | |
| Provision for Tax | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | -0 | |
| Profit After Tax | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 0 | 0 | |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Adjustments | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 0 | 0 | |
| Adjusted Earnings Per Share | 0 | 2.6 | 2.5 | 2.8 | 2.9 | 2.2 | 2.4 | 1.2 | 0.4 | 0.3 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 4% | 2% | 0% | 0% |
| Operating Profit CAGR | 0% | -16% | -13% | 0% |
| PAT CAGR | 0% | -100% | -100% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -35% | -18% | 5% | NA% |
| ROE Average | 1% | 1% | 3% | 7% |
| ROCE Average | 3% | 4% | 5% | 9% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 7 | 12 | 20 | 25 | 26 | 28 | 29 | 30 | 60 | 73 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 3 | 4 | 2 | 9 | 11 | 11 | 10 | 8 | 7 | 8 |
| Other Non-Current Liabilities | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Total Current Liabilities | 13 | 15 | 18 | 20 | 24 | 30 | 33 | 40 | 28 | 25 |
| Total Liabilities | 23 | 32 | 41 | 54 | 62 | 69 | 72 | 79 | 96 | 107 |
| Fixed Assets | 6 | 7 | 10 | 8 | 7 | 6 | 6 | 5 | 5 | 53 |
| Other Non-Current Assets | 2 | 3 | 1 | 16 | 22 | 25 | 26 | 30 | 46 | 7 |
| Total Current Assets | 15 | 22 | 30 | 30 | 33 | 38 | 40 | 44 | 45 | 47 |
| Total Assets | 23 | 32 | 41 | 54 | 62 | 69 | 72 | 79 | 96 | 107 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 1 | 15 | 2 | 0 | 0 | 0 | 1 | 0 | 2 |
| Cash Flow from Operating Activities | 0 | -0 | -16 | -5 | 7 | -1 | 2 | -2 | 3 | 3 |
| Cash Flow from Investing Activities | 0 | -2 | -3 | -5 | -7 | -1 | -1 | -1 | -16 | -13 |
| Cash Flow from Financing Activities | 0 | 2 | 7 | 7 | 1 | 2 | -1 | 3 | 14 | 9 |
| Net Cash Inflow / Outflow | 0 | -0 | -13 | -2 | 0 | -0 | -0 | -1 | 2 | -1 |
| Closing Cash & Cash Equivalent | 0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | 1 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | 2.62 | 2.53 | 2.78 | 2.88 | 2.19 | 2.36 | 1.24 | 0.39 | 0.28 |
| CEPS(Rs) | 7.12 | 5.17 | 5.2 | 5.1 | 5.21 | 3.99 | 3.59 | 2.4 | 0.92 | 0.7 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 0 | 29.66 | 39.94 | 46.45 | 49.33 | 51.52 | 53.88 | 55.12 | 51.72 | 55.03 |
| Core EBITDA Margin(%) | 7.24 | 5.28 | 7.3 | 6.72 | 6.51 | 6.44 | 5.45 | 4.35 | 3.97 | 3.51 |
| EBIT Margin(%) | 7.07 | 6.5 | 6.39 | 6.09 | 5.66 | 6.25 | 5.29 | 3.86 | 3.36 | 3.05 |
| Pre Tax Margin(%) | 3.71 | 2.44 | 2.5 | 2.36 | 2.2 | 2.41 | 2.29 | 1.07 | 0.65 | 0.35 |
| PAT Margin (%) | 3.04 | 1.81 | 1.84 | 1.93 | 1.83 | 1.94 | 1.57 | 0.82 | 0.55 | 0.42 |
| Cash Profit Margin (%) | 4.75 | 3.58 | 3.8 | 3.54 | 3.31 | 3.53 | 2.39 | 1.58 | 1.29 | 1.05 |
| ROA(%) | 6.7 | 3.9 | 3.39 | 3.15 | 2.67 | 1.79 | 1.79 | 0.88 | 0.51 | 0.36 |
| ROE(%) | 22.14 | 11.16 | 7.77 | 6.72 | 6.02 | 4.34 | 4.48 | 2.28 | 1.01 | 0.56 |
| ROCE(%) | 17.59 | 15.74 | 12.89 | 10.75 | 9.19 | 6.64 | 6.99 | 4.84 | 3.62 | 2.88 |
| Receivable days | 13.9 | 12.86 | 12.54 | 11.31 | 13.23 | 20.84 | 14.81 | 13.61 | 14.94 | 17.2 |
| Inventory Days | 76.37 | 80.42 | 95.57 | 103.74 | 110.75 | 179.32 | 155.69 | 165.99 | 163.78 | 153.41 |
| Payable days | 10.26 | 9.44 | 9.08 | 8.79 | 12.19 | 21.47 | 16.09 | 17.49 | 21.81 | 26.57 |
| PER(x) | 0 | 23.11 | 26.23 | 18.01 | 21.34 | 0 | 36.46 | 60.68 | 416.94 | 426.85 |
| Price/Book(x) | 0 | 2.04 | 1.66 | 1.08 | 1.25 | 0 | 1.6 | 1.37 | 3.15 | 2.18 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 0.32 | 0.69 | 0.71 | 0.67 | 0.72 | 0.61 | 0.98 | 0.96 | 2.56 | 2.07 |
| EV/Core EBITDA(x) | 4.21 | 8.29 | 8.5 | 8.64 | 10.04 | 7.8 | 16.09 | 20.86 | 62.38 | 56.34 |
| Net Sales Growth(%) | 0 | 15.15 | 12.08 | 15.81 | 9.41 | -28.15 | 32.73 | 1.29 | 0.73 | 3.91 |
| EBIT Growth(%) | 0 | 5.77 | 10.32 | 10.36 | 1.74 | -20.72 | 12.37 | -26.12 | -12.24 | -5.76 |
| PAT Growth(%) | 0 | -31.43 | 14.05 | 21.24 | 3.79 | -24.07 | 7.8 | -47.24 | -32.71 | -19.63 |
| EPS Growth(%) | 0 | 0 | -3.53 | 9.94 | 3.79 | -24.07 | 7.8 | -47.24 | -68.56 | -28.03 |
| Debt/Equity(x) | 1.92 | 1.32 | 0.89 | 0.99 | 1.06 | 1.16 | 1.15 | 1.29 | 0.42 | 0.33 |
| Current Ratio(x) | 1.18 | 1.47 | 1.71 | 1.49 | 1.36 | 1.27 | 1.23 | 1.1 | 1.61 | 1.91 |
| Quick Ratio(x) | 0.32 | 0.43 | 0.6 | 0.26 | 0.24 | 0.17 | 0.13 | 0.15 | 0.35 | 0.45 |
| Interest Cover(x) | 2.11 | 1.6 | 1.64 | 1.63 | 1.64 | 1.63 | 1.76 | 1.38 | 1.24 | 1.13 |
| Total Debt/Mcap(x) | 0 | 0.65 | 0.64 | 0.92 | 0.85 | 0 | 0.72 | 0.94 | 0.13 | 0.15 |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 57.37 | 57.37 | 57.37 | 57.37 | 43.02 | 39 | 38 | 34.91 | 34.91 | 34.91 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 42.63 | 42.63 | 42.63 | 42.63 | 56.98 | 61 | 62 | 65.09 | 65.09 | 65.09 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.31 | 0.31 | 0.31 | 0.31 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.23 | 0.23 | 0.23 | 0.23 | 0.59 | 0.7 | 0.73 | 0.84 | 0.84 | 0.84 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.54 | 0.54 | 0.54 | 0.54 | 1.04 | 1.15 | 1.18 | 1.28 | 1.28 | 1.28 |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 57.37 | 57.37 | 57.37 | 57.37 | 43.02 | 39 | 38 | 34.91 | 34.91 | 34.91 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 42.63 | 42.63 | 42.63 | 42.63 | 56.98 | 61 | 62 | 65.09 | 65.09 | 65.09 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.31 | 0.31 | 0.31 | 0.31 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.23 | 0.23 | 0.23 | 0.23 | 0.59 | 0.7 | 0.73 | 0.84 | 0.84 | 0.84 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.54 | 0.54 | 0.54 | 0.54 | 1.04 | 1.15 | 1.18 | 1.28 | 1.28 | 1.28 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | +4% | +2% | 0% | — |
| Operating Profit CAGR | 0% | -16% | -13% | — |
| PAT CAGR | — | -100% | -100% | — |
| Share Price CAGR | -35% | -18% | +5% | — |
| ROE Average | +1% | +1% | +3% | +7% |
| ROCE Average | +3% | +4% | +5% | +9% |
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