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 ₹ 230 Cr.
- Current Price ₹ 103
- High / Low ₹ 208 / 81.0
- Stock P/E 16.6
- 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 | -2 | -2 | -13 | -17 | |
| 3 | -0 | -1 | -5 | -10 | |
| 0 | 2 | 3 | 22 | 23 | |
| Net Cash Flow | -4 | 0 | -0 | 4 | -3 |
| Free Cash Flow | -7 | -2 | -3 | -18 | -21 |
| CFO/OP | 55% | 116% | -66% | -139% | -104% |
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% |
Insights
In beta| Sep 2024 | Sep 2025 | |
|---|---|---|
| Online-Offline Revenue Split (B2C vs B2B) Ratio |
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| App Downloads Number |
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| Local Meat Shop Partnerships (Pilot) Number |
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| Number of Cold Storages Number |
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| Number of Distribution Centers Number |
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| Number of HoReCa Partners (Restaurants) Number |
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| Number of Processing Centers Number |
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| Order Cancelled Rate % |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4h - DSM Fresh Foods schedules investor/analyst meet on April 9, 2026 in Mumbai.
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Board Meeting Outcome for Outcome Of The Board Meeting Of The Board Of DSM Fresh Foods Limited Held On 3Rd April, 2026 For The Financial Year 2026-27
1d - Board approved Rs. 20 crore loan from Standard Chartered and Rs. 5 crore corporate guarantee, subject to shareholders.
- Closure of Trading Window 31 Mar
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Mar - Signed MoU for fish sourcing across ~50 acres in Ghaziabad on 24 Mar 2026.
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PPT For The Fund Raise Purpose Of Our Brand Meevaa Foods
25 Mar - Investor presentation: H1FY26 revenue Rs.9,585L, PAT Rs.704L; Ambrozia acquired Jan 2026; fundraising for expansion.
Annual reports
No data available.
Concalls
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Mar 2026TranscriptAI SummaryPPT
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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).