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Hershey India
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Registered Details

HERSHEY INDIA PRIVATE LIMITED

Active

Updated: 05 Nov 2024

The company manufactures & markets beverages, confectioneries and syrups. It offers various flavored fruit drinks, pulps, nectars, purees, juices, soymilks, & flavored lollipops, candies, chocolate and strawberry syrups.

Hershey India Private Limited, is an unlisted private company incorporated on 07 February, 1997. It is classified as a private limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 1,200.00 cr and the total paid-up capital is INR 821.94 cr.

Industry

Manufacturing of Pharmaceuticals

Products

juices, nectars, pulps, purees, fruit drinks, and soymilks; flavored lollipops and candies; and chocolate and strawberry syrups. The company also exports fruit and mint candies, and butter toffees

Key Metrics

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

Sales

-3.42%

₹ 526.7

EBITDA

₹ -57.8

Net Profit

₹ -90.3

Networth

74.91%

₹ 168.8

Borrowings

-81.35%

₹ 6.6

Assets

-1.98%

₹ 379.1

Gross Margin

-1.11

60.2 %

Operating Margin

6.2

-11.0 %

Net Profit Margin

6.1

-16.9 %

Return on Equity

76.9

-53.5 %

ROCE

89.9

-58.4 %

Debt to Equity

-0.33

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (56)

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Tofler Score

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Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW ROCE
PAYABLES DETERIORATING

Low Risk

No risks identified

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.

Peers / Similar Companies

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Bericap India Private Limited Maharashtra

Peers

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Telangana

Bericap India Private Limited

Maharashtra

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	361.0	420.2	480.5	545.4	526.7
Operating profit	-74.9	-45.1	-99.3	-93.7	-57.8
Net profit	-85.0	-60.0	-126.9	-125.8	-90.3
Gross margin	64.1	65.0	61.9	61.4	60.2
Operating margin	-20.7	-10.7	-20.7	-17.2	-11.0
Net margin	-23.1	-14.1	-26.3	-23.0	-16.9
Networth	137.2	148.5	121.1	96.5	168.8
Borrowings	-	1.9	3.9	35.3	6.6
Assets	274.7	316.1	357.1	386.8	379.1
Debt to equity	0.0	0.0	0.0	0.4	0.0
Current ratio	1.3	1.1	0.8	0.7	1.0
ROE	-61.9	-40.4	-104.8	-130.4	-53.5
Days payable	77.0	95.0	124.0	170.0	163.0
WC days	34.0	13.0	-32.0	-60.0	4.0

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	531.5	579.5	646.0	713.9	821.9
Reserves	-394.2	-431.0	-524.9	-617.4	-653.1
Borrowings +	-	1.9	3.9	35.3	6.6
Long term borrowings	-	-	-	-	-
Short term borrowings	-	1.9	3.9	35.3	6.6
Trade payables +	27.5	38.4	61.9	98.1	93.6
Days payable	77.0	95.0	124.0	170.0	163.0
Other liabilities +	137.5	165.7	232.1	254.9	203.7
Other non-current liabilities	12.1	17.6	16.6	16.0	13.6
Other current liabilities	97.9	109.8	153.6	140.8	96.5
Total liabilities	274.7	316.1	357.1	386.8	379.1
Fixed Assets +	108.2	134.0	156.4	175.8	161.5
Tangible assets	88.9	111.7	118.4	141.8	134.6
CWIP	11.7	7.8	25.3	23.2	17.9
Intangible assets	7.7	14.4	12.6	10.9	9.0
LT loans and advances	-	-	-	-	-
Other non-current assets	7.6	17.2	24.0	27.0	15.7
Current assets +	158.9	164.8	176.7	184.0	201.9
Inventories	40.0	41.7	69.0	91.2	89.0
Trade receivables	15.6	16.4	24.3	26.1	20.3
Cash and cash equivalents	42.8	61.9	34.3	8.0	37.1
ST loans and advances	-	-	-	-	-
Other current assets	60.6	44.9	49.2	58.7	55.4
Total assets	274.7	316.1	357.1	386.8	379.1

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	193.44	183.32	180.91	184.57	216.8
Reserves	-143.49	-136.35	-146.99	-159.61	-172.27
Borrowings +	0.0	0.61	1.08	9.13	1.74
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.61	1.08	9.13	1.74
Trade payables	10.01	12.14	17.34	25.37	24.7
Other liabilities +	50.04	52.42	65.0	65.91	53.73
Other non-current liabilities	4.39	5.56	4.64	4.13	3.59
Other current liabilities	35.65	34.72	43.02	36.41	25.45
Total liabilities
Fixed Assets +	39.39	42.4	43.79	45.45	42.59
Tangible assets	32.35	35.35	33.17	36.65	35.49
CWIP	4.24	2.48	7.09	5.99	4.73
Intangible assets	2.8	4.57	3.53	2.81	2.38
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	2.76	5.45	6.73	6.98	4.15
Current assets +	57.85	52.15	49.47	47.57	53.26
Inventories	14.56	13.19	19.32	23.59	23.49
Trade receivables	5.66	5.18	6.79	6.74	5.36
Cash and cash equivalents	15.59	19.59	9.6	2.07	9.79
ST loans and advances	0.0	0.0	0.0	0.0	0.0
Other current assets	22.05	14.2	13.77	15.18	14.62
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	531.5	579.5	646.0	713.9	821.9
Reserves	-396.8	-434.5	-529.2	-628.9	-656.9
Borrowings +	-	1.9	3.9	35.3	6.6
Long term borrowings	-	-	-	-	-
Short term borrowings	-	1.9	3.9	35.3	6.6
Trade payables +	27.5	38.5	61.9	98.2	93.7
Days payable	77.0	96.0	124.0	170.0	163.0
Other liabilities +	141.8	169.9	236.2	257.9	206.7
Other non-current liabilities	10.5	17.6	16.6	16.0	13.6
Other current liabilities	103.8	113.8	157.7	143.7	99.4
Total liabilities	276.5	316.8	356.8	378.2	378.3
Fixed Assets +	117.1	142.6	164.6	183.6	161.5
Tangible assets	97.8	120.3	126.7	149.6	134.6
CWIP	11.7	7.9	25.3	23.2	17.9
Intangible assets	7.7	14.4	12.6	10.9	9.0
LT loans and advances	-	-	-	-	-
Other non-current assets	7.9	4.0	10.2	4.8	11.3
Current assets +	151.5	170.2	182.0	189.9	205.5
Inventories	40.0	41.7	69.0	91.2	89.0
Trade receivables	15.6	16.4	24.3	26.1	20.3
Cash and cash equivalents	44.0	63.1	35.4	9.1	37.1
ST loans and advances	-	-	-	-	-
Other current assets	51.9	49.1	53.4	63.5	59.0
Total assets	276.5	316.8	356.8	378.2	378.3

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	192.21	182.9	181.04	188.73	217.26
Reserves	-143.5	-137.15	-148.31	-166.26	-173.64
Borrowings +	0.0	0.61	1.08	9.34	1.74
Long term borrowings	0.0	0.0	0.0	0.0	0.0
Short term borrowings	0.0	0.61	1.08	9.34	1.74
Trade payables	9.94	12.16	17.35	25.96	24.76
Other liabilities +	51.28	53.64	66.19	68.19	54.64
Other non-current liabilities	3.79	5.54	4.65	4.23	3.59
Other current liabilities	37.56	35.93	44.19	38.0	26.28
Total liabilities
Fixed Assets +	42.35	45.0	46.13	48.55	42.68
Tangible assets	35.36	37.96	35.5	39.55	35.57
CWIP	4.22	2.48	7.1	6.13	4.74
Intangible assets	2.78	4.56	3.53	2.87	2.38
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	2.86	1.27	2.85	1.26	2.99
Current assets +	54.78	53.73	51.02	50.19	54.32
Inventories	14.47	13.16	19.33	24.12	23.54
Trade receivables	5.62	5.16	6.8	6.89	5.37
Cash and cash equivalents	15.91	19.92	9.92	2.41	9.82
ST loans and advances	0.0	0.0	0.0	0.0	0.0
Other current assets	18.78	15.5	14.97	16.78	15.6
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	361.0	420.2	480.5	545.4	526.7
Sales growth %	-3.84	16.39	14.35	13.51	-3.42
Expenses +	452.9	486.1	609.0	673.2	625.1
Cost of goods	129.8	147.1	182.9	210.8	209.4
Employee cost	97.0	110.8	131.1	132.6	97.0
Other costs	209.1	207.3	265.7	295.8	278.2
Operating profit +	-74.9	-45.1	-99.3	-93.7	-57.8
Operating margin %	-20.7	-10.7	-20.7	-17.2	-11.0
Other income	7.0	5.9	1.6	1.9	8.1
Interest	0.4	0.3	0.8	1.0	1.1
Depreciation	16.6	20.5	28.5	33.1	39.5
Exceptional items	-	-	-	-	-
Profit before tax	-85.0	-60.0	-126.9	-125.8	-90.3
Tax	-	-	-	-	-
Profit - disc. ops	-	-	-	-	-
Net profit	-85.0	-60.0	-126.9	-125.8	-90.3
Net margin %	-23.1	-14.1	-26.3	-23.0	-16.9

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.11	98.61	99.66	99.65	98.49
Expenses +	123.09	114.08	126.33	122.99	116.89
Cost of goods	35.26	34.53	37.94	38.51	39.15
Employee cost	26.38	26.0	27.19	24.22	18.14
Other costs	56.82	48.66	55.12	54.04	52.02
Operating profit	-20.35	-10.58	-20.59	-17.12	-10.82
Other income	1.89	1.39	0.34	0.35	1.51
Interest	0.11	0.08	0.17	0.18	0.2
Depreciation	4.52	4.82	5.9	6.05	7.38
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-23.09	-14.08	-26.33	-22.99	-16.89
Tax	0.0	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-23.09	-14.08	-26.33	-22.99	-16.89

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	361.0	420.2	480.5	545.4	526.7
Sales growth %	-3.84	16.39	14.35	13.51	-3.42
Expenses +	453.6	487.1	609.9	680.4	626.4
Cost of goods	129.8	147.1	182.9	210.8	209.4
Employee cost	97.4	110.8	131.1	132.6	97.0
Other costs	209.8	208.0	266.3	302.6	279.2
Operating profit +	-76.0	-45.7	-99.8	-100.6	-58.9
Operating margin %	-21.1	-10.9	-20.8	-18.4	-11.2
Other income	7.6	6.0	1.7	1.9	17.1
Interest	0.4	0.3	0.8	1.0	1.1
Depreciation	16.2	20.9	28.8	33.4	39.8
Exceptional items	-	-	-	-	-
Profit before tax	-85.0	-61.0	-127.7	-133.1	-82.6
Tax	-	-	-	-	-
Profit - disc. ops	-	-	-	-	-
Net profit	-85.0	-61.0	-127.7	-133.1	-82.6
Net margin %	-23.1	-14.3	-26.5	-24.3	-15.2

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	97.94	98.6	99.65	99.65	96.85
Expenses +	123.07	114.3	126.49	124.31	115.18
Cost of goods	35.21	34.52	37.93	38.51	38.5
Employee cost	26.44	26.0	27.19	24.22	17.84
Other costs	56.92	48.81	55.23	55.29	51.34
Operating profit	-20.62	-10.73	-20.7	-18.37	-10.82
Other income	2.06	1.4	0.35	0.35	3.15
Interest	0.11	0.08	0.17	0.18	0.2
Depreciation	4.4	4.89	5.97	6.11	7.31
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-23.07	-14.3	-26.49	-24.31	-15.18
Tax	0.0	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-23.07	-14.3	-26.49	-24.31	-15.18

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.4	0.0
Net Debt/Equity	0.0	0.0	0.0	0.3	0.0
Total Debt/Assets	0.0	0.0	0.0	0.1	0.0
Total Assets/Equity	2.0	2.1	3.0	4.0	2.2
Liquidity +
Current Ratio	1.3	1.1	0.8	0.7	1.0
Quick Ratio	0.9	0.8	0.5	0.3	0.6
Interest Coverage	-187.2	-140.9	-121.0	-93.7	-54.1
Performance
Gross Margin	64.1	65.0	61.9	61.4	60.2
Operating Margin	-20.7	-10.7	-20.7	-17.2	-11.0
Net Margin	-23.1	-14.1	-26.3	-23.0	-16.9
Return +
Return on Equity	-61.9	-40.4	-104.8	-130.4	-53.5
Pre-tax ROCE	-64.6	-44.1	-112.4	-148.3	-58.4
Return on Assets	-30.9	-19.0	-35.5	-32.5	-23.8
Pre-tax ROIC	-66.7	-44.2	-105.5	-102.4	-57.6
Efficiency +
Days Payable	77.0	95.0	124.0	170.0	163.0
Days Inventory	113.0	103.0	138.0	158.0	155.0
Days Receivable	16.0	14.0	18.0	17.0	14.0
Fixed Asset Turnover	3.3	3.1	3.1	3.1	3.3
Total Asset Turnover	1.3	1.3	1.4	1.4	1.4
Working Capital
Cash Conversion Cycle	52.0	22.0	32.0	5.0	6.0
Working Capital Days	34.0	13.0	-32.0	-60.0	4.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.4	0.0
Net Debt/Equity	0.0	0.0	0.0	0.3	0.0
Total Debt/Assets	0.0	0.0	0.0	0.1	0.0
Total Assets/Equity	2.0	2.2	3.1	4.5	2.3
Liquidity +
Current Ratio	1.1	1.1	0.8	0.7	1.0
Quick Ratio	0.8	0.8	0.5	0.4	0.6
Interest Coverage	-190.0	-142.9	-121.7	-100.6	-55.0
Performance
Gross Margin	64.1	65.0	61.9	61.4	60.2
Operating Margin	-21.1	-10.9	-20.8	-18.4	-11.2
Net Margin	-23.1	-14.3	-26.5	-24.3	-15.2
Return +
Return on Equity	-63.1	-42.0	-109.4	-156.6	-50.0
Pre-tax ROCE	-67.2	-42.0	-104.4	-139.2	-59.0
Return on Assets	-30.8	-19.2	-35.8	-35.2	-21.8
Pre-tax ROIC	-68.5	-45.9	-110.1	-120.5	-59.8
Efficiency +
Days Payable	77.0	96.0	124.0	170.0	163.0
Days Inventory	113.0	103.0	138.0	158.0	155.0
Days Receivable	16.0	14.0	18.0	17.0	14.0
Fixed Asset Turnover	3.1	3.0	2.9	3.0	3.3
Total Asset Turnover	1.3	1.3	1.4	1.4	1.4
Working Capital
Cash Conversion Cycle	52.0	21.0	32.0	5.0	6.0
Working Capital Days	20.0	14.0	-31.0	-58.0	4.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation	Name	DIN/PAN	Tenure
Director	Niranjani Chandramouli	07128770	5 years
Director	Bjork Hupfeld	08051386	7 years
Director	Luigi Mirri	10462735	1 years
CS	Dhanashree Jeevan Khare	<HIDDEN>	11 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
NUTRINE CONFECTIONERY COMPANY PRIVATE LIMITED	Active	154.7 Cr	4	Maharashtra
MINING CONSULTANTS (INDIA) PRIVATE LIMITED TRS FROM W.B TO DELHI	Amalgamated	17.1 Cr	1	Maharashtra
ONWARD TECHNOLOGIES LIMITED	Active	22.5 Cr	1	Maharashtra
WELLA INDIA HAIRCOSMETICS PRIVATE LIMITED	Amalgamated	497.6 Cr	1	Maharashtra
GILLETTE PRODUCTS PRIVATE LIMITED	Amalgamated	51.2 Cr	1	Maharashtra
NEXUS MERCANTILE PRIVATE LIMITED	Amalgamated	5.6 Cr	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
NUTRINE CONFECTIONERY COMPANY PRIVATE LIMITED	Maharashtra	1952	₹ 154.7 Cr

Registered Details

CIN

U24240MH1997PTC105714

PAN

AABCT6106C

Incorporation

1997, 28.2 years

Company Email

dkhare@hersheys.com

Paid up Capital

₹ 821.9 Cr

Authorised Capital

₹ 1,200.0 Cr

AGM

Sep 2024

Type

Private

Non-government Company

FAQ - HERSHEY INDIA PRIVATE LIMITED

What is the incorporation date of HERSHEY INDIA PRIVATE LIMITED?

The incorporation date of HERSHEY INDIA PRIVATE LIMITED is 07 February, 1997

What is the authorized share capital of HERSHEY INDIA PRIVATE LIMITED?

The authorized share capital of HERSHEY INDIA PRIVATE LIMITED is INR ₹ 1,200.0 Cr.

What is the paid-up capital of HERSHEY INDIA PRIVATE LIMITED?

The paid-up capital of HERSHEY INDIA PRIVATE LIMITED is INR ₹ 821.9 Cr.

What is the registered address of HERSHEY INDIA PRIVATE LIMITED?

The registered address of HERSHEY INDIA PRIVATE LIMITED is Schindler House, Hiranandani Gardens, Powai NA Mumbai Mumbai City Maharashtra - 400076

What is the CIN number of HERSHEY INDIA PRIVATE LIMITED?

The CIN number of HERSHEY INDIA PRIVATE LIMITED is U24240MH1997PTC105714.

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Ludhiana Beverages Private Limited

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