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Etc Agro Processing (India)
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Registered Details

ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED

Active

Updated: 23 Oct 2024

The company produces wheat flour, glucose biscuits, and cream biscuits for Parle.

Etc Agro Processing (India) Private Limited, is an unlisted private company incorporated on 21 May, 2008. It is classified as a private limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 2.50 cr and the total paid-up capital is INR 2.07 cr.

Industry

Trading

Products

Pigeon Peas, Sweet Biscuits, Yellow Peas etc, Chick Peas

Key Metrics

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

Sales

60.81%

₹ 2,842.9

EBITDA

1625.62%

₹ 76.1

Net Profit

20.04%

₹ 16.0

Networth

5.81%

₹ 290.6

Borrowings

4.25%

₹ 376.4

Assets

93.67%

₹ 2,071.9

Gross Margin

0.71

7.3 %

Operating Margin

2.43

2.7 %

Net Profit Margin

-0.18

0.6 %

Return on Equity

0.66

5.5 %

ROCE

20.48

18.0 %

Debt to Equity

-0.01

1.3

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (21)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

HIGH LEVERAGE
PAYABLES DETERIORATING
LOW CASH BALANCE
CASH DETERIORATING

Low Risk

HIGH INVENTORY
GROSS MARGINS DETERIORATING
NET MARGIN 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.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	2,432.8	2,334.3	2,493.7	1,767.8	2,842.9
Operating profit	84.3	93.1	65.5	4.4	76.1
Net profit	3.6	40.1	7.5	13.4	16.0
Gross margin	10.7	11.8	9.1	6.6	7.3
Operating margin	3.5	4.0	2.6	0.2	2.7
Net margin	0.1	1.7	0.3	0.7	0.6
Networth	214.2	253.7	261.3	274.6	290.6
Borrowings	166.7	354.6	357.4	361.1	376.4
Assets	1,065.0	1,225.9	1,165.2	1,069.8	2,071.9
Debt to equity	0.8	1.4	1.4	1.3	1.3
Current ratio	1.0	1.2	1.2	1.1	1.1
ROE	1.7	15.8	2.9	4.9	5.5
Days payable	92.0	98.0	81.0	89.0	189.0
WC days	2.0	24.0	20.0	21.0	14.0

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	2.1	2.1	2.1	2.1	2.1
Reserves	212.2	251.6	259.3	272.6	288.5
Borrowings +	166.7	354.6	357.4	361.1	376.4
Long term borrowings	100.5	170.1	148.5	105.5	70.4
Short term borrowings	66.2	184.5	208.9	255.6	306.0
Trade payables +	545.2	551.2	500.1	401.6	1,366.8
Days payable	92.0	98.0	81.0	89.0	189.0
Other liabilities +	684.0	617.6	546.4	434.1	1,404.9
Other non-current liabilities	25.7	25.2	26.2	8.6	12.5
Other current liabilities	113.0	41.1	20.1	23.9	25.5
Total liabilities	1,065.0	1,225.9	1,165.2	1,069.8	2,071.9
Fixed Assets +	270.8	275.8	262.6	254.3	243.8
Tangible assets	270.8	275.7	262.6	254.3	243.4
CWIP	-	-	-	-	0.4
Intangible assets	-	-	-	-	-
LT loans and advances	37.0	-	-	-	-
Other non-current assets	16.8	21.8	38.1	34.8	20.4
Current assets +	740.4	928.3	864.5	780.7	1,807.8
Inventories	573.4	679.6	643.3	629.9	1,507.6
Trade receivables	64.6	132.0	140.5	94.3	143.0
Cash and cash equivalents	3.7	5.9	5.1	8.2	3.8
ST loans and advances	76.4	-	-	-	-
Other current assets	22.3	110.7	75.6	48.3	153.4
Total assets	1,065.0	1,225.9	1,165.2	1,069.8	2,071.9

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.19	0.17	0.18	0.19	0.1
Reserves	19.92	20.53	22.25	25.48	13.93
Borrowings +	15.66	28.93	30.68	33.75	18.17
Long term borrowings	9.44	13.88	12.75	9.86	3.4
Short term borrowings	6.22	15.05	17.93	23.89	14.77
Trade payables	51.2	44.97	42.92	37.54	65.97
Other liabilities +	64.23	50.38	46.9	40.57	67.81
Other non-current liabilities	2.42	2.06	2.25	0.8	0.6
Other current liabilities	10.61	3.35	1.73	2.23	1.23
Total liabilities
Fixed Assets +	25.42	22.5	22.54	23.77	11.76
Tangible assets	25.42	22.49	22.54	23.77	11.75
CWIP	0.0	0.0	0.0	0.0	0.02
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	3.47	0.0	0.0	0.0	0.0
Other non-current assets	1.58	1.78	3.27	3.26	0.98
Current assets +	69.53	75.73	74.19	72.98	87.25
Inventories	53.85	55.44	55.21	58.88	72.77
Trade receivables	6.07	10.77	12.06	8.82	6.9
Cash and cash equivalents	0.34	0.48	0.44	0.76	0.18
ST loans and advances	7.18	0.0	0.0	0.0	0.0
Other current assets	2.09	9.03	6.49	4.52	7.4
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	2.1	2.1	2.1	2.1	2.1
Reserves	216.6	255.5	262.8	277.4	291.2
Borrowings +	163.0	354.6	357.4	371.0	376.4
Long term borrowings	100.5	161.8	148.5	105.5	70.4
Short term borrowings	62.5	192.8	208.9	265.5	306.0
Trade payables +	545.4	551.8	500.9	402.7	1,367.8
Days payable	92.0	98.0	81.0	86.0	187.0
Other liabilities +	683.9	618.2	547.3	436.2	1,410.9
Other non-current liabilities	25.7	25.2	26.2	9.3	12.3
Other current liabilities	112.7	41.1	20.1	24.1	30.8
Total liabilities	1,065.6	1,230.3	1,169.7	1,086.7	2,080.7
Fixed Assets +	282.3	287.3	276.5	270.1	259.2
Tangible assets	272.0	277.0	263.8	259.8	248.6
CWIP	-	-	2.3	-	0.4
Intangible assets	10.3	10.3	10.3	10.3	10.3
LT loans and advances	37.0	-	-	-	-
Other non-current assets	5.9	10.8	27.1	24.0	11.1
Current assets +	740.5	932.2	866.1	792.6	1,810.4
Inventories	573.4	681.1	643.6	630.2	1,508.6
Trade receivables	64.6	132.0	140.5	101.7	142.8
Cash and cash equivalents	3.7	8.3	6.1	9.2	4.8
ST loans and advances	76.4	-	-	-	-
Other current assets	22.3	110.7	75.8	51.5	154.2
Total assets	1,065.6	1,230.3	1,169.7	1,086.7	2,080.7

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.19	0.17	0.18	0.19	0.1
Reserves	20.33	20.76	22.47	25.53	14.0
Borrowings +	15.3	28.82	30.56	34.14	18.09
Long term borrowings	9.43	13.15	12.7	9.71	3.38
Short term borrowings	5.87	15.67	17.86	24.43	14.71
Trade payables	51.18	44.85	42.83	37.06	65.74
Other liabilities +	64.18	50.25	46.79	40.14	67.81
Other non-current liabilities	2.42	2.05	2.24	0.86	0.59
Other current liabilities	10.58	3.34	1.72	2.22	1.48
Total liabilities
Fixed Assets +	26.49	23.35	23.64	24.85	12.46
Tangible assets	25.52	22.51	22.56	23.91	11.95
CWIP	0.0	0.0	0.2	0.0	0.02
Intangible assets	0.97	0.84	0.88	0.95	0.49
LT loans and advances	3.47	0.0	0.0	0.0	0.0
Other non-current assets	0.55	0.88	2.32	2.21	0.53
Current assets +	69.49	75.77	74.05	72.94	87.01
Inventories	53.81	55.36	55.03	57.99	72.51
Trade receivables	6.06	10.73	12.01	9.36	6.86
Cash and cash equivalents	0.35	0.68	0.52	0.85	0.23
ST loans and advances	7.17	0.0	0.0	0.0	0.0
Other current assets	2.09	9.0	6.48	4.74	7.41
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	2,432.8	2,334.3	2,493.7	1,767.8	2,842.9
Sales growth %	18.01	-4.05	6.83	-29.11	60.81
Expenses +	2,395.8	2,286.2	2,475.0	1,810.2	2,820.8
Cost of goods	2,172.3	2,059.9	2,266.9	1,650.8	2,634.5
Employee cost	31.1	39.0	30.1	22.5	23.3
Other costs	145.1	142.3	131.2	90.1	109.0
Operating profit +	84.3	93.1	65.5	4.4	76.1
Operating margin %	3.5	4.0	2.6	0.2	2.7
Other income	3.8	14.8	31.9	34.7	3.4
Interest	36.4	31.9	33.7	33.6	41.4
Depreciation	10.9	13.1	13.1	13.2	12.6
Exceptional items	-24.4	-	-37.3	-	-
Profit before tax	16.4	62.8	13.3	-7.8	25.5
Tax	12.8	22.7	5.8	-21.1	9.5
Profit - disc. ops	-	-	-	-	-
Net profit	3.6	40.1	7.5	13.4	16.0
Net margin %	0.1	1.7	0.3	0.7	0.6

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.84	99.37	98.74	98.08	99.88
Expenses +	98.33	97.32	98.0	100.43	99.1
Cost of goods	89.15	87.69	89.76	91.58	92.56
Employee cost	1.28	1.66	1.19	1.25	0.82
Other costs	5.95	6.06	5.2	5.0	3.83
Operating profit	3.46	3.96	2.59	0.24	2.67
Other income	0.16	0.63	1.26	1.92	0.12
Interest	1.49	1.36	1.34	1.86	1.45
Depreciation	0.45	0.56	0.52	0.73	0.44
Exceptional items	-1.0	0.0	-1.48	0.0	0.0
Profit before tax	0.67	2.68	0.53	-0.43	0.9
Tax	0.53	0.97	0.23	-1.17	0.33
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	0.15	1.71	0.3	0.74	0.56

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	2,432.8	2,334.7	2,495.4	1,832.3	2,883.4
Sales growth %	17.97	-4.03	6.88	-26.57	57.36
Expenses +	2,395.6	2,287.3	2,477.0	1,873.5	2,863.5
Cost of goods	2,172.3	2,060.4	2,268.7	1,709.9	2,672.9
Employee cost	31.1	39.0	30.1	22.9	24.9
Other costs	145.3	142.9	131.4	93.1	111.1
Operating profit +	84.1	92.3	65.2	6.4	74.5
Operating margin %	3.5	4.0	2.6	0.3	2.6
Other income	5.2	14.8	31.9	35.0	2.8
Interest	36.0	31.8	33.7	34.1	41.6
Depreciation	10.9	13.1	13.1	13.4	13.0
Exceptional items	-24.4	-	-37.3	-	-
Profit before tax	17.9	62.2	13.0	-6.1	22.6
Tax	13.2	22.7	5.8	-20.8	8.8
Profit - disc. ops	-	-	-	-	-
Net profit	4.8	39.5	7.3	14.7	13.9
Net margin %	0.2	1.7	0.3	0.8	0.5

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.79	99.37	98.74	98.12	99.9
Expenses +	98.26	97.35	98.01	100.33	99.22
Cost of goods	89.1	87.7	89.77	91.57	92.61
Employee cost	1.28	1.66	1.19	1.23	0.86
Other costs	5.96	6.08	5.2	4.99	3.85
Operating profit	3.45	3.93	2.58	0.34	2.58
Other income	0.21	0.63	1.26	1.88	0.1
Interest	1.48	1.35	1.33	1.83	1.44
Depreciation	0.45	0.56	0.52	0.72	0.45
Exceptional items	-1.0	0.0	-1.48	0.0	0.0
Profit before tax	0.74	2.65	0.52	-0.33	0.78
Tax	0.54	0.97	0.23	-1.11	0.3
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	0.19	1.68	0.29	0.79	0.48

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.8	1.4	1.4	1.3	1.3
Net Debt/Equity	0.8	1.4	1.4	1.3	1.3
Total Debt/Assets	0.2	0.3	0.3	0.3	0.2
Total Assets/Equity	5.0	4.8	4.5	3.9	7.1
Liquidity +
Current Ratio	1.0	1.2	1.2	1.1	1.1
Quick Ratio	0.2	0.3	0.3	0.2	0.2
Interest Coverage	2.3	2.9	1.9	0.1	1.8
Performance
Gross Margin	10.7	11.8	9.1	6.6	7.3
Operating Margin	3.5	4.0	2.6	0.2	2.7
Net Margin	0.1	1.7	0.3	0.7	0.6
Return +
Return on Equity	1.7	15.8	2.9	4.9	5.5
Pre-tax ROCE	25.6	18.7	13.2	-2.5	18.0
Return on Assets	0.3	3.3	0.7	1.2	0.8
Pre-tax ROIC	19.4	13.3	8.6	-1.4	9.6
Efficiency +
Days Payable	92.0	98.0	81.0	89.0	189.0
Days Inventory	96.0	120.0	104.0	139.0	209.0
Days Receivable	10.0	21.0	21.0	19.0	18.0
Fixed Asset Turnover	9.0	8.5	9.5	7.0	11.7
Total Asset Turnover	2.3	1.9	2.1	1.6	1.4
Working Capital
Cash Conversion Cycle	14.0	43.0	44.0	69.0	38.0
Working Capital Days	2.0	24.0	20.0	21.0	14.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.8	1.4	1.4	1.3	1.3
Net Debt/Equity	0.7	1.3	1.3	1.3	1.3
Total Debt/Assets	0.1	0.3	0.3	0.3	0.2
Total Assets/Equity	4.9	4.8	4.4	3.9	7.1
Liquidity +
Current Ratio	1.0	1.2	1.2	1.1	1.1
Quick Ratio	0.2	0.3	0.3	0.2	0.2
Interest Coverage	2.3	2.9	1.9	0.2	1.8
Performance
Gross Margin	10.7	11.8	9.1	6.7	7.3
Operating Margin	3.5	4.0	2.6	0.3	2.6
Net Margin	0.2	1.7	0.3	0.8	0.5
Return +
Return on Equity	2.2	15.3	2.7	5.2	4.7
Pre-tax ROCE	24.2	18.3	12.6	-1.9	16.9
Return on Assets	0.5	3.2	0.6	1.4	0.7
Pre-tax ROIC	19.3	13.1	8.5	-1.1	9.2
Efficiency +
Days Payable	92.0	98.0	81.0	86.0	187.0
Days Inventory	96.0	121.0	104.0	135.0	206.0
Days Receivable	10.0	21.0	21.0	20.0	18.0
Fixed Asset Turnover	8.6	8.1	9.0	6.8	11.1
Total Asset Turnover	2.3	1.9	2.1	1.7	1.4
Working Capital
Cash Conversion Cycle	14.0	44.0	44.0	69.0	37.0
Working Capital Days	3.0	23.0	20.0	20.0	13.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

IDBI Trusteeship Services Limited

No. of Loans: 1

Total Amount : 160.0 cr

Yes Bank Limited

No. of Loans: 1

Total Amount : 100.0 cr

Axis Bank Limited

No. of Loans: 2

Total Amount : 90.0 cr

HDFC Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

IDFC First Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

SBM BANK (INDIA) LIMITED

No. of Loans: 1

Total Amount : 40.0 cr

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 40.0 cr

Charge Holder	Amount	Date of creation/modification
HDFC Bank Limited	50.0 cr	28 May, 2024
Axis Bank Limited	25.0 cr	15 Feb, 2024
IDFC First Bank Limited	50.0 cr	30 Nov, 2022
Yes Bank Limited	100.0 cr	25 Oct, 2022
SBM BANK (INDIA) LIMITED	40.0 cr	16 Mar, 2022
IDBI Trusteeship Services Limited	160.0 cr	09 Mar, 2022
Axis Bank Limited	65.0 cr	20 Jan, 2022
IndusInd Bank Limited	40.0 cr	30 Dec, 2020

Charges

IDBI Trusteeship Services Limited

Yes Bank Limited

Axis Bank Limited

HDFC Bank Limited

Others

People

Designation	Name	DIN/PAN	Tenure
Director	Ketankumar V Patel	03047408	15 years
Director	Prasenjit Gorai	07654683	3 years
Director	Naveen Jaisalmeria	09629762	3 years
Director	Mitesh Umesh Doshi	10279012	2 years
Director	Abishek Singh	10405816	1 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
ETG AGRO PRIVATE LIMITED	Amalgamated	45.1 L	1	Maharashtra
GREENFIELD COMMODITIES SERVICES PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
TECHNO BRAIN SHARED SERVICES PRIVATE LIMITED	Active	1.0 L	1	Karnataka
SUVRIDHI AGROVET PRIVATE LIMITED	Active	1.0 L	1	Bihar
LEGUME AGRI INDIA PRIVATE LIMITED	Active	10.0 L	1	Karnataka
KILLIMANJARO COMMODITIES (INDIA) PRIVATE LIMITED	Active	46.2 Cr	2	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
GREENFIELD COMMODITIES SERVICES PRIVATE LIMITED	Maharashtra	1990	₹ 1.0 L

Registered Details

CIN

U51200MH2008PTC182460

PAN

AABCE9812E

Incorporation

2008, 16.9 years

Company Email

etggrouproc@gmail.com

Paid up Capital

₹ 2.1 Cr

Authorised Capital

₹ 2.5 Cr

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED

What is the incorporation date of ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED?

The incorporation date of ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED is 21 May, 2008

What is the authorized share capital of ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED?

The authorized share capital of ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED is INR ₹ 2.5 Cr.

What is the paid-up capital of ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED?

The paid-up capital of ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED is INR ₹ 2.1 Cr.

What is the registered address of ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED?

The registered address of ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED is Unit NO. 607, B-Wing, Kohinoor City, Kirol Road Kurla (West) Mumbai Mumbai City Maharashtra - 400070

What is the CIN number of ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED?

The CIN number of ETC AGRO PROCESSING (INDIA) PRIVATE LIMITED is U51200MH2008PTC182460.

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