Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹77Cr
Food - Processing - Others
Rev Gr TTM
Revenue Growth TTM
3.21%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

TANVI
VS
| Quarter | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 4.5 | -50.8 | -3.2 | 77.1 | 8.7 | 3.1 | -2.8 | 1.4 | 2.7 | 11.5 | -3.1 | 9.3 |
| 38 | 20 | 36 | 36 | 40 | 37 | 39 | 38 | 41 | 43 | 40 | 46 |
Operating Profit Operating ProfitCr |
| 6.4 | 4.9 | 7.5 | 5.6 | 5.2 | 4.4 | 6.3 | 4.3 | 3.6 | 3.6 | 3.2 | 5.1 |
Other Income Other IncomeCr | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Interest Expense Interest ExpenseCr | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Depreciation DepreciationCr | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 1 | 0 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 0 | 2 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | 22.7 | -152.0 | 213.0 | 213.5 | -59.8 | -67.8 | 57.4 | -26.3 | -68.2 | 21.4 | -41.2 | 170.6 |
| 1.3 | -2.4 | 4.3 | 1.6 | 1.6 | 0.5 | 2.6 | 0.3 | 0.8 | 0.4 | 0.5 | 0.9 |
| 1.0 | -1.0 | 0.0 | 0.0 | 1.3 | 0.3 | 2.0 | 0.1 | 0.3 | 0.1 | 0.1 | 0.3 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 15.2 | 10.8 | 15.8 | 10.0 | -27.8 | 32.9 | 1.3 | 0.7 | 3.9 | 4.8 |
| 48 | 55 | 61 | 71 | 78 | 57 | 76 | 78 | 79 | 82 | 86 |
Operating Profit Operating ProfitCr |
| 7.2 | 7.5 | 7.4 | 6.8 | 6.5 | 6.5 | 5.4 | 4.3 | 3.9 | 3.4 | 4.3 |
Other Income Other IncomeCr | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 |
Interest Expense Interest ExpenseCr | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 3 |
Depreciation DepreciationCr | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| 2 | 1 | 2 | 2 | 2 | 1 | 2 | 1 | 1 | 0 | 3 |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
|
| | -31.4 | 14.1 | 21.2 | 3.7 | -24.0 | 7.8 | -47.2 | -32.7 | -19.6 | 82.7 |
| 3.0 | 1.8 | 1.9 | 1.9 | 1.8 | 1.9 | 1.6 | 0.8 | 0.6 | 0.4 | 0.7 |
| 5.2 | 3.1 | 3.0 | 3.0 | 2.9 | 2.2 | 2.4 | 1.2 | 0.4 | 0.3 | 0.4 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Equity Capital Equity CapitalCr | 3 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 11 | 13 |
| 4 | 8 | 15 | 20 | 21 | 22 | 24 | 24 | 48 | 58 |
Current Liabilities Current LiabilitiesCr | 13 | 15 | 18 | 20 | 24 | 30 | 33 | 40 | 28 | 25 |
Non Current Liabilities Non Current LiabilitiesCr | 4 | 5 | 3 | 9 | 11 | 12 | 11 | 10 | 8 | 9 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 15 | 22 | 30 | 30 | 33 | 38 | 40 | 44 | 45 | 47 |
Non Current Assets Non Current AssetsCr | 9 | 10 | 11 | 24 | 29 | 31 | 32 | 35 | 51 | 60 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 0 | -16 | -5 | 7 | -1 | 2 | -1 | 3 | 3 |
Investing Cash Flow Investing Cash FlowCr | -2 | -3 | -5 | -7 | -1 | -1 | -1 | -16 | -13 |
Financing Cash Flow Financing Cash FlowCr | 2 | 7 | 7 | 1 | 2 | -1 | 3 | 14 | 9 |
|
Free Cash Flow Free Cash FlowCr | -2 | -20 | -4 | 6 | 0 | 2 | -2 | 3 | -46 |
| -26.2 | -1,313.9 | -315.9 | 437.9 | -60.3 | 171.8 | -223.3 | 730.7 | 710.5 |
CFO To EBITDA CFO To EBITDA% | -6.4 | -331.9 | -90.7 | 123.0 | -18.1 | 50.1 | -42.7 | 102.5 | 87.5 |
| Financial Year | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 25 | 27 | 27 | 33 | 0 | 46 | 41 | 187 | 154 |
Price To Earnings Price To Earnings | 0.0 | 23.1 | 26.2 | 18.0 | 21.4 | 0.0 | 36.4 | 60.9 | 418.3 | 429.3 |
Price To Sales Price To Sales | 0.0 | 0.4 | 0.4 | 0.3 | 0.4 | 0.0 | 0.6 | 0.5 | 2.3 | 1.8 |
Price To Book Price To Book | 0.0 | 2.0 | 1.7 | 1.1 | 1.3 | 0.0 | 1.6 | 1.4 | 3.1 | 2.2 |
| 2.8 | 8.3 | 8.1 | 9.3 | 10.5 | 8.1 | 18.2 | 22.5 | 65.6 | 60.2 |
Profitability Ratios Profitability Ratios |
| 18.4 | 18.9 | 17.5 | 16.6 | 14.0 | 12.1 | 11.8 | 11.5 | 12.0 | 13.3 |
| 7.2 | 7.5 | 7.4 | 6.8 | 6.5 | 6.5 | 5.4 | 4.3 | 3.9 | 3.4 |
| 3.0 | 1.8 | 1.9 | 1.9 | 1.8 | 1.9 | 1.6 | 0.8 | 0.6 | 0.4 |
| 20.0 | 16.0 | 12.6 | 10.1 | 9.2 | 6.3 | 6.8 | 4.6 | 3.2 | 2.7 |
| 22.1 | 8.8 | 6.3 | 6.0 | 5.8 | 4.3 | 4.4 | 2.3 | 0.8 | 0.5 |
| 6.7 | 3.4 | 3.0 | 2.8 | 2.5 | 1.7 | 1.8 | 0.8 | 0.5 | 0.3 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Tanvi Foods (India) Limited, incorporated on **March 30, 2007**, is a leading Indian frozen food manufacturer headquartered in **Hyderabad, Telangana**. Originally launched as the Quick Service Restaurant (QSR) brand **Corn Club**, the company has evolved into one of India’s largest producers of **preservative-free, ready-to-cook and ready-to-eat frozen foods**, with a strong focus on traditional Indian flavors and regional specialties.
The company operates in **Vijayawada (Andhra Pradesh)** and **Hyderabad (Telangana)**, serving both **B2B and B2C customers**, primarily under the registered brands **‘FORZEN KINGS’** and **‘TANVI FOODS’**. It has emerged as a market leader in patti-based samosas and frozen convenience foods, combining innovation, scale, and stringent quality standards.
---
### **Core Business & Product Portfolio**
Tanvi Foods specializes in manufacturing and trading:
- **Frozen Snacks**: Samosas (vegetable, corn, Irani, paneer, soya), spring rolls (Shanghai, chocolate, paneer), patties
- **Ready-to-Cook & Ready-to-Eat Meals**: Frozen dals, curries, and regional South Indian specialties
- **Frozen Agri-Products**: Sweet corn, green peas, carrots
- **Innovative Additions**: In-house developed **frozen chutneys** and **pickles (in development)**
Its products are designed to meet the growing demand for **authentic, convenient Indian meals**, both domestically and globally, especially among the Indian diaspora.
---
### **Recent Expansion & Production Capacity**
A cornerstone of Tanvi Foods’ growth strategy is the commissioning of a **state-of-the-art manufacturing facility in Seetharampuram, Krishna District, Andhra Pradesh**, which began **commercial operations on April 4, 2024**.
**Key Facts About the New Facility**:
- **Built-up area**: ~100,000 sq. ft on a 3.5-acre site
- **Ownership**: Company-owned (previously leased 20,000 sq. ft facility in Vijayawada)
- **Daily Production Capacity**: Up to **750,000 pieces** (vs. 50,000 earlier)
- **Technology**: Advanced automatic and semi-automatic machinery imported from **Taiwan and Korea**
- **Job Creation**: Expected to generate **800–1,000 jobs**, primarily for **rural women**
- **Storage**: On-site multi-variant cold storage facilities managed in-house
The expansion was driven by **rising domestic and international demand**, and aims to **triple production capacity**, support new product launches, and reduce reliance on non-core activities like trading.
---
### **Funding & Capital Structure**
The **Rs. 45 crore expansion project** was funded through:
- Internal accruals
- Equity infusions
- Debt financing (including high-interest unsecured loans)
**Future Use of Funds**:
- Repayment of high-cost debt to improve margins
- Reduction of finance expenses
- Enhanced working capital and capex for further **domestic and international expansion**
---
### **Quality & Certifications**
Tanvi Foods operates a **BRC Global Standards** and **US FDA-approved** manufacturing facility, with a **central FSSAI license valid until December 31, 2026**. These certifications are critical for:
- **Export eligibility** to strict regulatory markets (US, UK, EU, etc.)
- Access to global retail chains and private-label contracts
- Operational credibility and consumer trust
---
### **Domestic Market Position & Growth Strategy**
- **Current Dominance**:
- Strong presence in **Andhra Pradesh**, **50% retail coverage in Telangana**, and limited reach in **Karnataka and Chennai**
- Supplies institutional clients such as caterers for weddings and social events
- **Market Potential**:
- Rising awareness of frozen foods and demand for convenient options across India
- Vegetarian product alignment with consumer preferences in target states (Telangana, Karnataka, Tamil Nadu, Gujarat, Maharashtra)
- **Distribution & Retail Expansion**:
- **Retailers like Walmart, Metro, and Reliance** have expressed interest in nationwide distribution
- Plans to expand sales force and launch **region-specific products** to deepen market penetration
- Strengthening **omnichannel retail presence** and **in-house distribution networks**
---
### **International Expansion & Export Strategy**
Tanvi Foods has made significant strides in global markets:
- **Launched direct operations in the United States** during **FY 2024–25**, establishing distribution networks across North America
- **Exports currently to**: USA, Canada, Australia
- **Targeting new markets**: UK, Singapore, Malaysia, Thailand, Middle East
- **Plans to scale into Australia, the Middle East, and the UK**, leveraging product validation and demand from Indian diaspora
- **Export Advantages**:
- **High margins** in international markets, especially under private-label partnerships
- Received private-label inquiries from **Walmart, Metro, and Reliance International**
- Products tested and accepted in global markets, reducing market entry risk
---
### **Innovation & R&D**
- **In-house R&D team** led by promoters, focused on:
- Developing region-specific flavors and product formats
- Launching **frozen chutneys** (validated and ready) and **authentic regional curries and dals**
- Responding to food trends and consumer feedback
- **Product Customization**: Plans to tailor offerings for **US, UK, Australia**, and other geographies based on local taste profiles
---
### **Sustainability & Social Impact**
- **Workforce Composition**: **85% women employees**, with leadership roles in production, operations, and management
- **Women’s Empowerment**: Focus on **rural female employment** through large-scale hiring at new facilities
- **Statutory Compliance**: Provides **PF, ESI, and health insurance** to eligible employees, supported by high retention rates
---
### **Distribution & Logistics**
- Owns a **dedicated fleet of delivery vehicles** of various sizes for reliable, timely logistics
- Maintains **in-house cold chain infrastructure** to ensure product integrity from factory to customer