DSM Fresh Foods Ltd
Incorporated in May 2015, DSM Fresh Foods Limited is engaged in the business of fresh meat and ready-to-cook/eat non-veg products retailer[1]
- Market Cap ₹ 250 Cr.
- Current Price ₹ 112
- High / Low ₹ 208 / 104
- Stock P/E 18.0
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 24.5 %
- ROE 20.8 %
- Face Value ₹ 10.0
Pros
Cons
- Promoter holding is low: 28.1%
- Debtor days have increased from 32.4 to 47.1 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Fast Moving Consumer Goods Fast Moving Consumer Goods Food Products Meat Products including Poultry
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| 50 | 56 | 56 | 90 | 131 | 160 | |
| 62 | 58 | 53 | 81 | 114 | 133 | |
| Operating Profit | -12 | -2 | 4 | 9 | 16 | 26 |
| OPM % | -25% | -4% | 7% | 10% | 12% | 17% |
| 0 | -1 | -0 | 0 | 1 | 0 | |
| Interest | 0 | 0 | 0 | 1 | 4 | 5 |
| Depreciation | 1 | 0 | 0 | 1 | 2 | 2 |
| Profit before tax | -13 | -3 | 3 | 8 | 12 | 20 |
| Tax % | 0% | -20% | 2% | 39% | 22% | |
| -13 | -2 | 3 | 5 | 9 | 14 | |
| EPS in Rs | -9,278.57 | -1,778.57 | 1,957.14 | 3,134.23 | 5.52 | 8.31 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 32% |
| TTM: | 45% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 97% |
| TTM: | 94% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 20% |
| Last Year: | 21% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 16 | 16 |
| Reserves | 2 | 12 | 16 | 38 | 33 | 40 |
| 0 | 1 | 2 | 8 | 32 | 46 | |
| 7 | 9 | 3 | 4 | 3 | 5 | |
| Total Liabilities | 9 | 21 | 22 | 50 | 84 | 107 |
| 2 | 1 | 1 | 5 | 7 | 6 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| 8 | 20 | 21 | 45 | 77 | 100 | |
| Total Assets | 9 | 21 | 22 | 50 | 84 | 107 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -7 | -3 | -2 | -13 | -17 | |
| 3 | -0 | -1 | -5 | -10 | |
| 0 | 3 | 3 | 22 | 23 | |
| Net Cash Flow | -4 | 0 | -0 | 4 | -3 |
Ratios
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 42 | 53 | 29 | 21 | 47 |
| Inventory Days | 0 | 0 | 0 | 23 | |
| Days Payable | 59 | 65 | 24 | 18 | |
| Cash Conversion Cycle | -17 | -12 | 5 | 25 | 47 |
| Working Capital Days | 1 | 1 | 35 | 50 | 54 |
| ROCE % | -28% | 24% | 27% | 25% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
22h - 300-farmer sourcing alliance; 120-acre aquaculture MoU (~500t/year), ₹2 crore capex; seafood mix to ~30%.
-
List Of Dissenting Shareholders As Per Regulation 59 And Schedule XX Of SEBI (Issue Of Capital Disclosure Requirements), 2018
10 Feb - Lists five dissenting shareholders holding 401,600 shares regarding IPO object variation dated 10-02-2026.
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
10 Feb - Members approved variation in IPO proceeds use and alteration of object clause; postal ballot passed Feb 6, 2026.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 10 Feb
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
6 Feb - Zappfresh launches Meevaa Foods: 12 frozen veg products; ₹10 crore investment; Delhi Feb 9, Mumbai/Bengaluru Mar 1; exports ongoing.
Annual reports
No data available.
Concalls
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Nov 2025Transcript PPT
Business Profile[1]
DSM Fresh Foods Limited, operating under the brand Zappfresh, is an online retailer of fresh meat, seafood, and ready-to-cook/eat non-veg products. The company follows a farm-to-fork model, ensuring freshness through cold-chain systems and doorstep delivery via its website and mobile app (1 lakh+ downloads).