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 ₹ 241 Cr.
- Current Price ₹ 108
- High / Low ₹ 208 / 81.0
- Stock P/E 17.4
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 24.5 %
- ROE 20.8 %
- Face Value ₹ 10.0
Pros
Cons
- Promoter holding is low: 28.2%
- 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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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
1d - CARE report for half-year ended March 31, 2026 flags deviations in Rs 59.06 crore IPO proceeds usage.
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Intimation Pursuant To Regulation 30 Of The Securities Exchange Board Of India (LODR) Regulations, 2015 About Recognition Of DSM Fresh Foods Limited By CII
30 Apr - DSM Fresh Foods recognized as CII Unicorn Summit 2026 IPO Trailblazer 2025 on April 28, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 Apr - Meevaa Foods appointed Rajneesh Bhasin as Independent Director on 27 April 2026.
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Intimation Of Incorporation Of Subsidiary Company
28 Apr - DSM Fresh Foods incorporated Varuna Aquatech Private Limited on April 27, 2026, subscribing 70.96% for Rs. 70,960.
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Disclosure Under Regulation 31(4) Of The SEBI (Substantial Acquisition Of Shares And Takeover) Regulations, 2011 Received From The Promotor Of The Company.
23 Apr - Promoter Deepanshu Manchanda disclosed no share encumbrances for FY2025-26 under Regulation 31(4).
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).