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MORE RETAIL PRIVATE LIMITED

Active

Updated: 24 Oct 2024

The company operates a chain of food and grocery retail units, supermarkets and hypermarkets in India.

More Retail Private Limited, is an unlisted private company incorporated on 14 July, 1988. It is classified as a private limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 8,500.00 cr and the total paid-up capital is INR 441.65 cr.

Industry

Finance

Products

beauty concepts, cutlery and cookware products, bakery products, beverages, frozen and dairy products, fruits and vegetables, apparel (men/women)

Key Metrics

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

Sales

-7.94%

₹ 4,148.7

EBITDA

₹ -166.9

Net Profit

₹ -532.6

Networth

₹ -665.8

Borrowings

-5.12%

₹ 1,995.8

Assets

-12.74%

₹ 2,058.9

Gross Margin

0.06

16.6 %

Operating Margin

-0.18

-4.0 %

Net Profit Margin

-0.53

-12.6 %

Return on Equity

- %

ROCE

5.27

-40.0 %

Debt to Equity

1.53

-3.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (160)

State	Type	Address

Locations on Map

Tofler Score

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Fair

Good

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Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW ROCE
PAYABLES DETERIORATING
LOW CASH BALANCE
REVENUE BELOW AVERAGE

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.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	4,824.2	4,763.0	4,867.1	4,506.7	4,148.7
Operating profit	110.1	173.8	-88.1	-173.2	-166.9
Net profit	-175.1	-78.0	-402.2	-550.3	-532.6
Gross margin	18.5	20.1	18.3	16.6	16.6
Operating margin	2.3	3.6	-1.8	-3.8	-4.0
Net margin	-3.6	-1.6	-8.2	-12.0	-12.6
Networth	-356.6	-159.4	-378.4	-464.6	-665.8
Borrowings	1,260.9	1,382.5	1,921.1	2,103.5	1,995.8
Assets	1,579.2	1,880.5	2,237.4	2,359.4	2,058.9
Debt to equity	-3.5	-8.7	-5.1	-4.5	-3.0
Current ratio	0.6	0.7	0.5	0.5	0.7
ROE	-	-	-	-	-
Days payable	41.0	51.0	55.0	65.0	73.0
WC days	-25.0	-19.0	-46.0	-56.0	-26.0

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	7,666.4	7,941.4	405.0	425.9	436.3
Reserves	-8,023.1	-8,100.9	-783.4	-890.5	-1,102.1
Borrowings +	1,260.9	1,382.5	1,921.1	2,103.5	1,995.8
Long term borrowings	1,046.5	1,139.1	1,449.5	1,488.9	1,764.6
Short term borrowings	214.4	243.4	471.6	614.5	231.2
Trade payables +	442.8	531.5	600.5	672.1	695.0
Days payable	41.0	51.0	55.0	65.0	73.0
Other liabilities +	674.9	657.4	694.7	720.5	728.9
Other non-current liabilities	1.9	1.2	2.3	3.8	1.6
Other current liabilities	230.2	124.6	91.9	44.6	32.3
Total liabilities	1,579.2	1,880.5	2,237.4	2,359.4	2,058.9
Fixed Assets +	930.5	1,134.7	1,577.6	1,636.9	1,326.3
Tangible assets	900.1	1,101.4	1,521.1	1,600.1	1,287.8
CWIP	19.2	19.4	27.8	24.5	13.4
Intangible assets	11.2	13.8	28.6	12.2	25.0
LT loans and advances	-	-	-	-	-
Other non-current assets	92.8	100.0	107.1	83.1	69.0
Current assets +	556.0	645.7	552.8	639.5	663.7
Inventories	297.7	399.4	330.8	346.1	316.1
Trade receivables	13.5	26.0	29.3	28.0	27.4
Cash and cash equivalents	138.7	102.5	42.1	21.9	33.9
ST loans and advances	-	-	-	-	-
Other current assets	106.1	117.9	150.6	243.4	286.3
Total assets	1,579.2	1,880.5	2,237.4	2,359.4	2,058.9

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	485.47	422.31	18.1	18.05	21.19
Reserves	-508.05	-430.79	-35.01	-37.74	-53.53
Borrowings +	79.85	73.52	85.86	89.15	96.93
Long term borrowings	66.27	60.58	64.78	63.11	85.7
Short term borrowings	13.58	12.94	21.08	26.05	11.23
Trade payables	28.04	28.27	26.84	28.49	33.76
Other liabilities +	42.74	34.96	31.05	30.54	35.4
Other non-current liabilities	0.12	0.06	0.1	0.16	0.08
Other current liabilities	14.57	6.63	4.11	1.89	1.57
Total liabilities
Fixed Assets +	58.92	60.34	70.51	69.38	64.41
Tangible assets	57.0	58.57	67.99	67.82	62.55
CWIP	1.22	1.03	1.24	1.04	0.65
Intangible assets	0.71	0.74	1.28	0.52	1.21
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	5.87	5.32	4.79	3.52	3.35
Current assets +	35.21	34.34	24.7	27.1	32.23
Inventories	18.85	21.24	14.78	14.67	15.35
Trade receivables	0.86	1.38	1.31	1.19	1.33
Cash and cash equivalents	8.78	5.45	1.88	0.93	1.65
ST loans and advances	0.0	0.0	0.0	0.0	0.0
Other current assets	6.72	6.27	6.73	10.32	13.9
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	4,824.2	4,763.0	4,867.1	4,506.7	4,148.7
Sales growth %	13.3	-1.27	2.19	-7.41	-7.94
Expenses +	5,035.5	4,899.2	5,327.0	5,124.7	4,773.8
Cost of goods	3,931.5	3,803.8	3,976.9	3,760.8	3,459.7
Employee cost	391.5	375.6	428.4	422.0	369.2
Other costs	391.1	409.8	550.0	497.0	486.7
Operating profit +	110.1	173.8	-88.1	-173.2	-166.9
Operating margin %	2.3	3.6	-1.8	-3.8	-4.0
Other income	36.2	58.2	57.6	67.7	92.5
Interest	136.8	131.3	148.0	190.3	212.6
Depreciation	184.7	178.7	223.8	254.5	245.5
Exceptional items	-	-	-	-	-
Profit before tax	-175.1	-78.0	-402.2	-550.3	-532.6
Tax	-	-	-	-	-
Profit - disc. ops	-	-	-	-	-
Net profit	-175.1	-78.0	-402.2	-550.3	-532.6
Net margin %	-3.6	-1.6	-8.2	-12.0	-12.6

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.26	98.79	98.83	98.52	97.82
Expenses +	103.6	101.62	108.17	112.03	112.56
Cost of goods	80.89	78.9	80.75	82.22	81.58
Employee cost	8.05	7.79	8.7	9.23	8.7
Other costs	8.05	8.5	11.17	10.86	11.48
Operating profit	2.27	3.6	-1.79	-3.79	-3.94
Other income	0.74	1.21	1.17	1.48	2.18
Interest	2.81	2.72	3.01	4.16	5.01
Depreciation	3.8	3.71	4.54	5.56	5.79
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-3.6	-1.62	-8.17	-12.03	-12.56
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	-3.6	-1.62	-8.17	-12.03	-12.56

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	-3.5	-8.7	-5.1	-4.5	-3.0
Net Debt/Equity	-3.1	-8.0	-5.0	-4.5	-3.0
Total Debt/Assets	0.8	0.7	0.9	0.9	1.0
Total Assets/Equity	-4.4	-11.8	-5.9	-5.1	-3.1
Liquidity +
Current Ratio	0.6	0.7	0.5	0.5	0.7
Quick Ratio	0.3	0.3	0.2	0.2	0.4
Interest Coverage	0.8	1.3	-0.6	-0.9	-0.8
Performance
Gross Margin	18.5	20.1	18.3	16.6	16.6
Operating Margin	2.3	3.6	-1.8	-3.8	-4.0
Net Margin	-3.6	-1.6	-8.2	-12.0	-12.6
Return +
Return on Equity	-	-	-	-	-
Pre-tax ROCE	-12.4	-0.6	-32.3	-45.2	-40.0
Return on Assets	-11.1	-4.2	-18.0	-23.3	-25.9
Pre-tax ROIC	-9.7	-0.4	-20.8	-26.4	-31.8
Efficiency +
Days Payable	41.0	51.0	55.0	65.0	73.0
Days Inventory	28.0	38.0	30.0	34.0	33.0
Days Receivable	1.0	2.0	2.0	2.0	2.0
Fixed Asset Turnover	5.2	4.2	3.1	2.8	3.1
Total Asset Turnover	3.0	2.5	2.2	1.9	2.0
Working Capital
Cash Conversion Cycle	-12.0	-11.0	-23.0	-29.0	-38.0
Working Capital Days	-25.0	-19.0	-46.0	-56.0	-26.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Catalyst Trusteeship Limited

No. of Loans: 1

Total Amount : 499.0 cr

RBL Bank Limited

No. of Loans: 1

Total Amount : 8.3 cr

Andhra Bank

No. of Loans: 1

Total Amount : 0.1 cr

Union Bank of India

No. of Loans: 1

Total Amount : 0.1 cr

Charge Holder	Amount	Date of creation/modification
Catalyst Trusteeship Limited	499.0 cr	05 Jul, 2023
RBL Bank Limited	8.3 cr	10 May, 2023
Union Bank of India	0.1 cr	04 Dec, 1996
Andhra Bank	0.1 cr	10 Feb, 1992

Charges

Catalyst Trusteeship Limited

RBL Bank Limited

Andhra Bank

Union Bank of India

People

Designation	Name	DIN/PAN	Tenure
Director	Girish Manjanath Bhat	01691290	6 years
Kmp	Supratim Banerjee	<HIDDEN>	1 years
Director	Vikram Ranjan Agarwal	03038370	6 years
Managing Director	Vinod Nambiar	07290613	4 years
CS	Ranjana Saboo	<HIDDEN>	1 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
NORTH EAST HEALTH CARE PRIVATE LIMITED	Active	6.7 Cr	1	Gujarat
MORE CONSUMER BRANDS PRIVATE LIMITED	Active	4,703.0 Cr	5	Maharashtra
MARENGO ASIA HEALTHCARE PRIVATE LIMITED	Active	15.3 Cr	2	Gujarat
PARADISE FOOD COURT PRIVATE LIMITED	Active	16.3 Cr	1	Telangana
SMS INTEGRATED FACILITY SERVICES PRIVATE LIMITED	Active	2.8 Cr	1	Maharashtra
QRG MEDICARE PRIVATE LIMITED	Active	27.0 Cr	1	Gujarat
HANSAZONE PRIVATE LIMITED	Amalgamated	40.6 Cr	1	Maharashtra
VANKATESH PHARMA PRIVATE LIMITED	Amalgamated	164.0 Cr	1	Gujarat
SAPPHIRE HOSPITALITY AND RECREATION PRIVATE LIMITED	Amalgamated	59.3 Cr	1	Maharashtra
LOTUS SURGICAL SPECIALITIES PRIVATE LIMITED	Amalgamated	71.4 L	1	Maharashtra
KFCH RESTAURANTS PRIVATE LIMITED	Active	279.3 Cr	1	Maharashtra
PIZZERIA FAST FOODS RESTAURANTS (MADRAS) PRIVATE LIMITED	Amalgamated	6.1 Cr	1	Maharashtra
POSITIVE MARTS INDIA PRIVATE LIMITED	Active	6.0 L	1	Maharashtra
MYSEQUENCE HEALTHCARE PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
SAMARA ALTERNATE INVESTMENT MANAGEMENT L LP	Active	5.0 Cr	1	Maharashtra
EDME INSURANCE BROKERS LIMITED	Active	5.1 Cr	1	Gujarat
SAPPHIRE FOODS INDIA LIMITED	Active	64.0 Cr	2	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
FABMALL (INDIA) PRIVATE LIMITED	India	-	-
TERRAFIRMA AGROPROCESSING (INDIA) PRIVATE LIMITED	India	-	-
TRINETHRA SUPERRETAIL Private LIMITED	India	-	-
H.A.S.TWO HOLDINGS PRIVATE LIMITED	India	-	-

Registered Details

CIN

U65990MH1988PTC048117

PAN

AAACP2678Q

Incorporation

1988, 36.8 years

Company Email

cs@moreretail.in

Paid up Capital

₹ 441.6 Cr

Authorised Capital

₹ 8,500.0 Cr

AGM

Sep 2023

Type

Private

Non-government Company

FAQ - MORE RETAIL PRIVATE LIMITED

What is the incorporation date of MORE RETAIL PRIVATE LIMITED?

The incorporation date of MORE RETAIL PRIVATE LIMITED is 14 July, 1988

What is the authorized share capital of MORE RETAIL PRIVATE LIMITED?

The authorized share capital of MORE RETAIL PRIVATE LIMITED is INR ₹ 8,500.0 Cr.

What is the paid-up capital of MORE RETAIL PRIVATE LIMITED?

The paid-up capital of MORE RETAIL PRIVATE LIMITED is INR ₹ 441.6 Cr.

What is the registered address of MORE RETAIL PRIVATE LIMITED?

The registered address of MORE RETAIL PRIVATE LIMITED is 5th floor, Skyline Icon, 86/92,Andheri Kurla Road, Near Mi ttal Industrial Estate, Andheri ( East) N Mumbai Mumbai City Maharashtra - 400059

What is the CIN number of MORE RETAIL PRIVATE LIMITED?

The CIN number of MORE RETAIL PRIVATE LIMITED is U65990MH1988PTC048117.

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