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DEVI SEA FOODS LIMITED

Active
Updated: 28 Oct 2024

The company engages in processing and marketing of frozen shrimp

Devi Sea Foods Limited, is an unlisted public company incorporated on 26 March, 1992. It is classified as a public limited company and is located in Visakhapatnam, Andhra Pradesh. It's authorized share capital is INR 18.00 cr and the total paid-up capital is INR 12.00 cr.

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Industry

Manufacturing (Food products and beverages)
Products
  • and marinated shrimps, cooked, raw
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
0.91%
₹ 3,033.3
EBITDA
8.15%
₹ 432.8
Net Profit
9.72%
₹ 335.7
Networth
19.88%
₹ 2,025.2
Borrowings
-55.4%
₹ 22.2
Assets
18.02%
₹ 2,247.4
Gross Margin
0.01
26.5 %
Operating Margin
0.96
14.3 %
Net Profit Margin
0.85
10.8 %
Return on Equity
-1.53
16.6 %
ROCE
-2.76
21.2 %
Debt to Equity
-0.02
0.0
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (14)
State Type Address

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Tofler Score

Excellent
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • ROCE DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 2,084.6 1,976.4 2,823.1 3,005.9 3,033.3
Operating profit 241.9 245.2 341.1 400.2 432.8
Net profit 193.5 185.6 267.8 306.0 335.7
Gross margin 22.5 24.2 24.1 26.5 26.5
Operating margin 11.6 12.4 12.1 13.3 14.3
Net margin 9.1 9.2 9.3 10.0 10.8
Networth 925.2 1,110.6 1,383.1 1,689.4 2,025.2
Borrowings 12.1 64.7 43.7 49.8 22.2
Assets 1,029.1 1,290.0 1,591.4 1,904.2 2,247.4
Debt to equity 0.0 0.1 0.0 0.0 0.0
Current ratio 7.6 5.4 6.2 7.5 9.2
ROE 20.9 16.7 19.4 18.1 16.6
Days payable 6.0 11.0 9.0 4.0 6.0
WC days 99.0 132.0 117.0 137.0 162.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 12.0 12.0 12.0 12.0 12.0
Reserves 913.2 1,098.6 1,371.1 1,677.4 2,013.2
Borrowings + 12.1 64.7 43.7 49.8 22.2
Long term borrowings 0.2 - - - 12.4
Short term borrowings 11.9 64.6 43.7 49.8 9.8
Trade payables + 24.8 45.6 53.1 27.1 35.7
Days payable 6.0 11.0 9.0 4.0 6.0
Other liabilities + 91.7 114.7 164.6 165.0 199.9
Other non-current liabilities 18.2 17.7 35.0 42.1 45.9
Other current liabilities 48.8 51.3 76.5 95.7 118.4
Total liabilities 1,029.1 1,290.0 1,591.4 1,904.2 2,247.4
Fixed Assets + 180.4 208.6 288.2 365.4 457.0
Tangible assets 153.0 193.4 241.9 342.4 450.8
CWIP 27.4 15.2 46.1 22.7 6.1
Intangible assets - - 0.2 0.3 0.2
LT loans and advances 0.9 0.1 0.1 0.1 0.1
Other non-current assets 196.8 207.5 223.8 235.0 281.6
Current assets + 651.1 873.9 1,079.3 1,303.7 1,508.6
Inventories 155.0 211.1 321.1 315.9 402.7
Trade receivables 354.3 339.0 419.7 499.4 437.4
Cash and cash equivalents 19.5 10.6 35.2 25.4 17.4
ST loans and advances 0.3 2.6 11.9 11.8 13.1
Other current assets 122.1 310.5 291.3 451.2 638.1
Total assets 1,029.1 1,290.0 1,591.4 1,904.2 2,247.4
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 2,084.6 1,976.4 2,823.1 3,005.9 3,033.3
Sales growth % 14.07 -5.19 42.84 6.47 0.91
Expenses + 1,868.3 1,757.2 2,514.2 2,649.3 2,653.7
Cost of goods 1,614.9 1,497.4 2,143.5 2,208.5 2,228.2
Employee cost 54.7 67.9 84.7 96.3 128.7
Other costs 173.2 166.0 253.8 300.8 243.6
Operating profit + 241.9 245.2 341.1 400.2 432.8
Operating margin % 11.6 12.4 12.1 13.3 14.3
Other income 39.1 35.9 53.5 57.7 63.5
Interest 2.0 0.7 1.3 1.5 1.5
Depreciation 23.5 25.2 30.9 42.2 51.6
Exceptional items -2.4 -3.0 - - -
Profit before tax 253.0 252.1 362.3 414.3 443.1
Tax 59.5 66.5 94.5 108.3 107.4
Profit - disc. ops - - - - -
Net profit 193.5 185.6 267.8 306.0 335.7
Net margin % 9.1 9.2 9.3 10.0 10.8
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.0 0.1 0.0 0.0 0.0
Net Debt/Equity 0.0 0.1 0.0 0.0 0.0
Total Debt/Assets 0.0 0.1 0.0 0.0 0.0
Total Assets/Equity 1.1 1.2 1.1 1.1 1.1
Liquidity +
Current Ratio 7.6 5.4 6.2 7.5 9.2
Quick Ratio 5.8 4.1 4.4 5.7 6.8
Interest Coverage 122.8 329.0 254.2 271.8 281.1
Performance
Gross Margin 22.5 24.2 24.1 26.5 26.5
Operating Margin 11.6 12.4 12.1 13.3 14.3
Net Margin 9.1 9.2 9.3 10.0 10.8
Return +
Return on Equity 20.9 16.7 19.4 18.1 16.6
Pre-tax ROCE 29.3 23.9 26.0 23.9 21.2
Return on Assets 18.8 14.4 16.8 16.1 14.9
Pre-tax ROIC 23.6 18.9 22.3 20.9 18.8
Efficiency +
Days Payable 6.0 11.0 9.0 4.0 6.0
Days Inventory 35.0 51.0 55.0 52.0 66.0
Days Receivable 62.0 63.0 54.0 61.0 53.0
Fixed Asset Turnover 11.6 9.5 9.8 8.2 6.6
Total Asset Turnover 2.0 1.5 1.8 1.6 1.4
Working Capital
Cash Conversion Cycle 91.0 103.0 100.0 109.0 113.0
Working Capital Days 99.0 132.0 117.0 137.0 162.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Union Bank of India

No. of Loans: 1

Total Amount : 133.8 cr

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Charges

Union Bank of India

People

Designation Name DIN/PAN Tenure
Director Mallikarjunudu Jasti 00361594 10 years
Whole-time Director Anthony John Kuttikat 00805095 28 years
Managing Director Brahmanandam Potru
Shareholder
00860739 33 years
Whole-time Director Rama Devi Potru
Shareholder
00860982 20 years
Director Pramod Ranjan 00887569 9 years
Whole-time Director Sambasiva Rao Gadde 01293395 24 years
Whole-time Director Suryavathi Potru
Shareholder
02012653 4 years
Whole-time Director Naveena Nekkanti
Shareholder
02012677 17 years
Director Trinath Gampa 08045359 7 years
CFO Palukuri Varahalu Chetty <HIDDEN> 7 years
CS Manas Ranjan Panigrahi <HIDDEN> 7 years

Company Network

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PALLAVI CONSTRUCTIONS LLP
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GOODLIFE HOUSING (INDIA) PRIVATE LIMITED
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SRUJANA PROPERTIES (INDIA) PRIVATE LIMITED
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DEVEE HORIZON LLP
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DEVI BUSINESS VENTURES PRIVATE LIMITED
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MAXIMUS ARC LIMITED
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DEVEE POWER CORPORATION LIMITED
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DEVEE SUPERIOR FEEDS LIMITED
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DEVEE GLOBAL HOLDINGS IFSC LLP
Active
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VEDERI ESTATES PRIVATE LIMITED
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ORIENTAL HOTELS LIMITED
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17.9 Cr 1 Tamil Nadu
COROMANDEL SEAFOODS PRIVATE LIMITED
Active
1.0 L 1 Tamil Nadu
COROMANDEL BEACH PROPERTIES PRIVATE LIMITED
Active
2.0 L 1 Tamil Nadu
KODAI HEIGHTS PROPERTIES PRIVATE LIMITED
Active
1.0 L 1 Tamil Nadu
TAJ MADURAI LIMITED
Active
3.5 Cr 1 Tamil Nadu
COCOON RESORTS PRIVATE LIMITED
Active
30.3 L 1 Tamil Nadu
PRIMESOUTH INFRATECH PROJECTS PRIVATE LIMITED
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1.0 L 1 Karnataka
DNR HOSPITALITY PRIVATE LIMITED
Not available for efiling
5.0 L 1 Karnataka
SUISLAND HOSPITALITY PRIVATE LIMITED
Active
5.0 Cr 1 Maharashtra
KAVERI RETREATS AND RESORTS LIMITED
Active
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Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
Devi Sea Foods Inc, USA United States - -

Registered Details

CIN

U15122AP1992PLC094924

PAN

AABCD0248B

Incorporation

1992, 33.1 years

Company Email

secretarial@deviseafoods.com

Paid up Capital

₹ 12.0 Cr

Authorised Capital

₹ 18.0 Cr

AGM

Sep 2023

Type

Public
Non-government Company

FAQ - DEVI SEA FOODS LIMITED

What is the incorporation date of DEVI SEA FOODS LIMITED?

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The incorporation date of DEVI SEA FOODS LIMITED is 26 March, 1992

What is the authorized share capital of DEVI SEA FOODS LIMITED?

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The authorized share capital of DEVI SEA FOODS LIMITED is INR ₹ 18.0 Cr.

What is the paid-up capital of DEVI SEA FOODS LIMITED?

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The paid-up capital of DEVI SEA FOODS LIMITED is INR ₹ 12.0 Cr.

What is the registered address of DEVI SEA FOODS LIMITED?

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The registered address of DEVI SEA FOODS LIMITED is 50-1-51/1, A.S.R. Nagar Seethammadhara VisaKhapatnam Andhra Pradesh - 530013

What is the CIN number of DEVI SEA FOODS LIMITED?

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The CIN number of DEVI SEA FOODS LIMITED is U15122AP1992PLC094924.

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