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Tanvi Foods (India) Ltd

TANVI
BSE
60.00
1.27%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Tanvi Foods (India) Ltd

TANVI
BSE
60.00
1.27%
29 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
77Cr
Close
Close Price
60.00
Industry
Industry
Food - Processing - Others
PE
Price To Earnings
150.00
PS
Price To Sales
0.86
Revenue
Revenue
89Cr
Rev Gr TTM
Revenue Growth TTM
3.21%
PAT Gr TTM
PAT Growth TTM
29.41%
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Revenue
RevenueCr
412139384339414043444148
Growth YoY
Revenue Growth YoY%
4.5-50.8-3.277.18.73.1-2.81.42.711.5-3.19.3
Expenses
ExpensesCr
382036364037393841434046
Operating Profit
Operating ProfitCr
313222322212
OPM
OPM%
6.44.97.55.65.24.46.34.33.63.63.25.1
Other Income
Other IncomeCr
000000000001
Interest Expense
Interest ExpenseCr
211111111111
Depreciation
DepreciationCr
110000000001
PBT
PBTCr
102111211102
Tax
TaxCr
000000000000
PAT
PATCr
1-12110100000
Growth YoY
PAT Growth YoY%
22.7-152.0213.0213.5-59.8-67.857.4-26.3-68.221.4-41.2170.6
NPM
NPM%
1.3-2.44.31.61.60.52.60.30.80.40.50.9
EPS
EPS
1.0-1.00.00.01.30.32.00.10.30.10.10.3

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
5259667684618182828589
Growth
Revenue Growth%
15.210.815.810.0-27.832.91.30.73.94.8
Expenses
ExpensesCr
4855617178577678798286
Operating Profit
Operating ProfitCr
44556443334
OPM
OPM%
7.27.57.46.86.56.55.44.33.93.44.3
Other Income
Other IncomeCr
10111110001
Interest Expense
Interest ExpenseCr
22333222223
Depreciation
DepreciationCr
11111111112
PBT
PBTCr
21222121103
Tax
TaxCr
00000010000
PAT
PATCr
21112111001
Growth
PAT Growth%
-31.414.121.23.7-24.07.8-47.2-32.7-19.682.7
NPM
NPM%
3.01.81.91.91.81.91.60.80.60.40.7
EPS
EPS
5.23.13.03.02.92.22.41.20.40.30.4

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital
Equity CapitalCr
345555551113
Reserves
ReservesCr
481520212224244858
Current Liabilities
Current LiabilitiesCr
13151820243033402825
Non Current Liabilities
Non Current LiabilitiesCr
45391112111089
Total Liabilities
Total LiabilitiesCr
233241546269727996107
Current Assets
Current AssetsCr
15223030333840444547
Non Current Assets
Non Current AssetsCr
9101124293132355160
Total Assets
Total AssetsCr
233241546269727996107

Cash Flow

Consolidated
Standalone
Financial YearMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
0-16-57-12-133
Investing Cash Flow
Investing Cash FlowCr
-2-3-5-7-1-1-1-16-13
Financing Cash Flow
Financing Cash FlowCr
27712-13149
Net Cash Flow
Net Cash FlowCr
0-13-200002-1
Free Cash Flow
Free Cash FlowCr
-2-20-4602-23-46
CFO To PAT
CFO To PAT%
-26.2-1,313.9-315.9437.9-60.3171.8-223.3730.7710.5
CFO To EBITDA
CFO To EBITDA%
-6.4-331.9-90.7123.0-18.150.1-42.7102.587.5

Ratios

Consolidated
Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
02527273304641187154
Price To Earnings
Price To Earnings
0.023.126.218.021.40.036.460.9418.3429.3
Price To Sales
Price To Sales
0.00.40.40.30.40.00.60.52.31.8
Price To Book
Price To Book
0.02.01.71.11.30.01.61.43.12.2
EV To EBITDA
EV To EBITDA
2.88.38.19.310.58.118.222.565.660.2
Profitability Ratios
Profitability Ratios
GPM
GPM%
18.418.917.516.614.012.111.811.512.013.3
OPM
OPM%
7.27.57.46.86.56.55.44.33.93.4
NPM
NPM%
3.01.81.91.91.81.91.60.80.60.4
ROCE
ROCE%
20.016.012.610.19.26.36.84.63.22.7
ROE
ROE%
22.18.86.36.05.84.34.42.30.80.5
ROA
ROA%
6.73.43.02.82.51.71.80.80.50.3
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