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INFINITI RETAIL LIMITED

Active
Updated: 29 Oct 2024

The company owns and operates a chain of retail stores that sells consumer electronics and durables

Infiniti Retail Limited, is an unlisted public company incorporated on 16 December, 2005. It is classified as a public limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 4,000.00 cr and the total paid-up capital is INR 2,790.00 cr.

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Industry

Manufacturing (Machinery & Equipments)
Products
  • air conditioners, geysers, television; audio, lighting products, security systems, electrical equipment, and television accessories; home appliances that includes garment care, water purifiers, irons, vacuum cleaners, video, air coolers, fans, air purifiers, washing machines
Key Metrics

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

Sales
12.5%
₹ 17,832.5
EBITDA
-
₹ -187.3
Net Profit
-
₹ -986.7
Networth
-253.65%
₹ -597.4
Borrowings
48.99%
₹ 3,631.6
Assets
31.35%
₹ 10,745.9
Gross Margin
1.99
12.2 %
Operating Margin
2.52
-1.1 %
Net Profit Margin
0.5
-5.5 %
Return on Equity
-
- %
ROCE
-200.12
-312.1 %
Debt to Equity
-12.35
-6.1
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (180)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • HIGH LEVERAGE
  • LOSS MAKING
  • LOW ROCE
  • LOW CASH BALANCE
Low Risk
  • GROSS MARGINS 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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Peers / Similar Companies

Electronics Mart India Limited Telangana
Amazon Seller Services Private Limited Karnataka
Darling Digital World Private Limited Tamil Nadu
Sathya Agencies Private Limited Tamil Nadu
Vijay Sales (India) Private Limited Maharashtra

Peers

Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 5,113.1 5,315.0 8,206.9 15,851.1 17,832.5
Operating profit 147.5 10.1 -120.1 -566.2 -187.3
Net profit -204.8 -201.7 -445.4 -957.0 -986.7
Gross margin 15.1 14.0 11.6 10.2 12.2
Operating margin 2.9 0.2 -1.5 -3.6 -1.1
Net margin -4.0 -3.7 -5.3 -6.0 -5.5
Networth 242.8 41.5 -154.4 388.8 -597.4
Borrowings 624.7 702.4 1,582.5 2,437.5 3,631.6
Assets 3,068.8 3,321.6 5,255.7 8,181.0 10,745.9
Debt to equity 2.6 16.9 -10.2 6.3 -6.1
Current ratio 0.8 0.6 0.8 0.9 0.8
ROE -84.3 -485.6 - -246.1 -
Days payable 40.0 49.0 58.0 34.0 43.0
WC days -17.0 -36.0 -18.0 -4.0 -21.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1,040.0 1,040.0 1,290.0 1,790.0 1,790.0
Reserves -797.2 -998.5 -1,444.4 -1,401.2 -2,387.4
Borrowings + 624.7 702.4 1,582.5 2,437.5 3,631.6
Long term borrowings 50.0 111.7 599.9 883.7 1,364.1
Short term borrowings 574.7 590.7 982.6 1,553.8 2,267.4
Trade payables + 476.3 617.9 1,148.1 1,311.8 1,846.7
Days payable 40.0 49.0 58.0 34.0 43.0
Other liabilities + 2,201.3 2,577.6 3,827.7 5,354.7 7,711.7
Other non-current liabilities 1,520.0 1,689.0 2,349.6 3,624.9 5,317.4
Other current liabilities 205.0 270.7 330.0 417.9 547.7
Total liabilities 3,068.8 3,321.6 5,255.7 8,181.0 10,745.9
Fixed Assets + 403.4 519.4 690.0 1,006.0 1,244.3
Tangible assets 218.9 256.6 347.7 578.1 759.0
CWIP 17.3 25.6 26.3 60.9 44.0
Intangible assets 167.1 237.2 316.0 367.1 441.3
LT loans and advances - - - - -
Other non-current assets 1,653.2 1,850.6 2,517.7 4,064.8 5,843.2
Current assets + 1,012.2 951.6 2,048.0 3,110.1 3,658.4
Inventories 833.9 772.8 1,609.0 2,330.7 2,624.1
Trade receivables 43.4 71.8 145.3 166.1 283.8
Cash and cash equivalents 4.1 8.5 16.6 14.3 47.5
ST loans and advances - - - - -
Other current assets 130.8 98.5 277.1 599.0 703.1
Total assets 3,068.8 3,321.6 5,255.7 8,181.0 10,745.9
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 5,113.1 5,315.0 8,206.9 15,851.1 17,832.5
Sales growth % 11.45 3.95 54.41 93.14 12.5
Expenses + 5,318.6 5,721.2 8,865.5 17,298.1 19,328.9
Cost of goods 4,342.2 4,570.1 7,253.0 14,238.3 15,663.8
Employee cost 248.4 266.9 343.0 597.0 744.1
Other costs 374.9 467.9 731.0 1,582.0 1,612.0
Operating profit + 147.5 10.1 -120.1 -566.2 -187.3
Operating margin % 2.9 0.2 -1.5 -3.6 -1.1
Other income 59.9 134.5 130.5 164.4 176.9
Interest 181.9 215.6 286.5 514.5 744.3
Depreciation 171.2 200.7 252.0 366.4 564.7
Exceptional items - - - - -
Profit before tax -145.6 -271.7 -528.1 -1,282.7 -1,319.5
Tax 59.1 -70.1 -82.8 -325.7 -332.8
Profit - disc. ops - - - - -
Net profit -204.8 -201.7 -445.4 -957.0 -986.7
Net margin % -4.0 -3.7 -5.3 -6.0 -5.5
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 2.6 16.9 -10.2 6.3 -6.1
Net Debt/Equity 2.6 16.7 -10.1 6.2 -6.0
Total Debt/Assets 0.2 0.2 0.3 0.3 0.3
Total Assets/Equity 12.6 80.0 -34.0 21.0 -18.0
Liquidity +
Current Ratio 0.8 0.6 0.8 0.9 0.8
Quick Ratio 0.1 0.1 0.2 0.2 0.2
Interest Coverage 0.8 0.1 -0.4 -1.1 -0.2
Performance
Gross Margin 15.1 14.0 11.6 10.2 12.2
Operating Margin 2.9 0.2 -1.5 -3.6 -1.1
Net Margin -4.0 -3.7 -5.3 -6.0 -5.5
Return +
Return on Equity -84.3 -485.6 - -246.1 -
Pre-tax ROCE -14.8 2,280.3 -134.2 -112.0 -312.1
Return on Assets -6.7 -6.1 -8.5 -11.7 -9.2
Pre-tax ROIC -2.7 -25.9 -26.4 -33.2 -25.2
Efficiency +
Days Payable 40.0 49.0 58.0 34.0 43.0
Days Inventory 70.0 62.0 81.0 60.0 61.0
Days Receivable 3.0 5.0 6.0 4.0 6.0
Fixed Asset Turnover 12.7 10.2 11.9 15.8 14.3
Total Asset Turnover 1.7 1.6 1.6 1.9 1.7
Working Capital
Cash Conversion Cycle 33.0 18.0 29.0 30.0 24.0
Working Capital Days -17.0 -36.0 -18.0 -4.0 -21.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

HDFC Bank Limited

No. of Loans: 1

Total Amount : 60.0 cr

2

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 1

Total Amount : 50.0 cr

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Charges

HDFC Bank Limited
The Hongkong and Shanghai Banking Corporation Limited

People

Designation Name DIN/PAN Tenure
Kmp Avijit Mitra <HIDDEN> 10 years
Managing Director Avijit Mitra 00086244 7 years
Director Lakshmanan Krishna Kumar 00423616 4 years
Director Harish Ramananda Bhat 00478198 12 years
Director Naveen Tahilyani 06594510 1 years
Director Aarthi Subramanian 07121802 5 years
Director Ankur Verma 07972892 2 years
Director Naveen Krishna 08434127 5 years
CFO Pramod Dangaich <HIDDEN> 8 years
Kmp Sheetal Manojkumar Merai <HIDDEN> 2 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
RETAILERS ASSOCIATION'S SKILL COUNCIL OF INDIA
Active
5.0 L 1 Maharashtra
INFINITI WHOLESALE LIMITED
Amalgamated
6.5 Cr 1 Maharashtra
MOUNT EVEREST MINERAL WATER LIMITED
Amalgamated
34.0 Cr 1 Himachal Pradesh
TATA CONSULTING ENGINEERS LIMITED
Active
10.0 Cr 1 Maharashtra
PFIZER LIMITED
Active
45.7 Cr 1 Maharashtra
TANISHQ (INDIA) LIMITED
Amalgamated
1.9 Cr 1 Karnataka
TATA COFFEE LIMITED
Amalgamated
18.7 Cr 1 Karnataka
TRENT LIMITED
Active
35.5 Cr 1 Maharashtra
TATA STARBUCKS PRIVATE LIMITED
Active
1,319.6 Cr 1 Maharashtra
TATA DIGITAL PRIVATE LIMITED
Active
19,134.0 Cr 3 Maharashtra
TATA UNISTORE LIMITED
Active
3,180.1 Cr 3 Maharashtra
TATA 1MG TECHNOLOGIES PRIVATE LIMITED
Active
9.7 L 2 Delhi
SUPERMARKET GROCERY SUPPLIES PRIVATE LIMITED
Active
15.0 Cr 3 Karnataka
TATA AIA LIFE INSURANCE COMPANY LIMITED
Active
4,533.5 Cr 2 Maharashtra
CMC LIMITED
Amalgamated
30.3 Cr 1 Telangana
TATA BUSINESS HUB LIMITED
Active
450.0 Cr 1 Maharashtra
TATA INDUSTRIES LIMITED
Active
1,079.5 Cr 1 Maharashtra
TATA CAPITAL LIMITED
Active
4,199.8 Cr 1 Maharashtra
TATA CONSULTANCY SERVICES LIMITED
Active
361.8 Cr 1 Maharashtra
TATA TELESERVICES (MAHARASHTRA) LIMITED
Active
3,972.9 Cr 1 Maharashtra
TATA COMMUNICATIONS LIMITED
Active
285.0 Cr 1 Maharashtra
TATA PLAY LIMITED
Active
1,407.8 Cr 1 Maharashtra
TATA ELXSI LIMITED
Active
62.3 Cr 1 Karnataka
TATA AUTOCOMP SYSTEMS LIMITED
Active
201.3 Cr 1 Maharashtra
TATA TELESERVICES LIMITED
Active
49,889.6 Cr 1 Delhi
TATA ELECTRONICS PRIVATE LIMITED
Active
4,961.0 Cr 1 Karnataka

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
INFINITI WHOLESALE LIMITED Maharashtra 2006 ₹ 6.5 Cr

Registered Details

CIN

U31900MH2005PLC158120

PAN

AACCV1726H

Incorporation

2005, 19.3 years

Company Email

company.secretarial@croma.com

Paid up Capital

₹ 2,790.0 Cr

Authorised Capital

₹ 4,000.0 Cr

AGM

May 2024

Type

Public
Non-government Company

FAQ - INFINITI RETAIL LIMITED

What is the incorporation date of INFINITI RETAIL LIMITED?

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The incorporation date of INFINITI RETAIL LIMITED is 16 December, 2005

What is the authorized share capital of INFINITI RETAIL LIMITED?

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The authorized share capital of INFINITI RETAIL LIMITED is INR ₹ 4,000.0 Cr.

What is the paid-up capital of INFINITI RETAIL LIMITED?

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The paid-up capital of INFINITI RETAIL LIMITED is INR ₹ 2,790.0 Cr.

What is the registered address of INFINITI RETAIL LIMITED?

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The registered address of INFINITI RETAIL LIMITED is Unit No. 701 & 702, Wing A, 7th Floor, Kaledonia, Sahar Ro ad, Andheri East NA Mumbai Mumbai City Maharashtra - 400069

What is the CIN number of INFINITI RETAIL LIMITED?

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The CIN number of INFINITI RETAIL LIMITED is U31900MH2005PLC158120.

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