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Vintage Coffee & Beverages Ltd

VINCOFE
BSE
135.00
1.28%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
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Vintage Coffee & Beverages Ltd

VINCOFE
BSE
135.00
1.28%
29 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
1,967Cr
Close
Close Price
135.00
Industry
Industry
FMCG - Coffee
PE
Price To Earnings
27.72
PS
Price To Sales
3.99
Revenue
Revenue
493Cr
Rev Gr TTM
Revenue Growth TTM
100.55%
PAT Gr TTM
PAT Growth TTM
131.82%
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
1921303842447288105102136151
Growth YoY
Revenue Growth YoY%
14.898.399.5101.8127.8108.8137.8134.3148.0132.789.570.8
Expenses
ExpensesCr
14152431353662728684113122
Operating Profit
Operating ProfitCr
456778101619182229
OPM
OPM%
22.526.219.017.817.117.613.818.218.417.816.519.1
Other Income
Other IncomeCr
000010211112
Interest Expense
Interest ExpenseCr
122121212222
Depreciation
DepreciationCr
111112222223
PBT
PBTCr
22345581417162025
Tax
TaxCr
000110112126
PAT
PATCr
12244581216141819
Growth YoY
PAT Growth YoY%
118.0397.1187.9180.5205.0169.2214.2247.1263.7212.8137.453.4
NPM
NPM%
7.68.17.99.510.110.410.514.114.914.013.212.7
EPS
EPS
0.20.20.20.30.40.40.61.01.21.11.21.3

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
3763131309493
Growth
Revenue Growth%
71.9108.4135.459.8
Expenses
ExpensesCr
4148106256404
Operating Profit
Operating ProfitCr
-415255388
OPM
OPM%
-12.224.519.217.217.9
Other Income
Other IncomeCr
10145
Interest Expense
Interest ExpenseCr
46767
Depreciation
DepreciationCr
35579
PBT
PBTCr
-125144478
Tax
TaxCr
112411
PAT
PATCr
-124124067
Growth
PAT Growth%
131.5210.3235.166.4
NPM
NPM%
-33.56.19.113.013.6
EPS
EPS
-1.50.51.13.24.9

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
7070105126144
Reserves
ReservesCr
353957173381
Current Liabilities
Current LiabilitiesCr
6061424846
Non Current Liabilities
Non Current LiabilitiesCr
8176805969
Total Liabilities
Total LiabilitiesCr
246246288409641
Current Assets
Current AssetsCr
8689133212412
Non Current Assets
Non Current AssetsCr
160156155197229
Total Assets
Total AssetsCr
246246288409641

Cash Flow

Consolidated
Standalone
Financial YearMar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
-2711-36-23
Investing Cash Flow
Investing Cash FlowCr
-157-1-4-46
Financing Cash Flow
Financing Cash FlowCr
186-1143189
Net Cash Flow
Net Cash FlowCr
2-13121
Free Cash Flow
Free Cash FlowCr
-18411-37-30
CFO To PAT
CFO To PAT%
220.9291.1-298.2-56.1
CFO To EBITDA
CFO To EBITDA%
609.373.1-142.3-42.5

Ratios

Consolidated
Standalone
Financial YearMar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
3941925771,228
Price To Earnings
Price To Earnings
0.050.048.330.6
Price To Sales
Price To Sales
10.83.04.44.0
Price To Book
Price To Book
4.62.14.04.4
EV To EBITDA
EV To EBITDA
-112.619.026.624.6
Profitability Ratios
Profitability Ratios
GPM
GPM%
36.347.634.228.1
OPM
OPM%
-12.224.519.217.2
NPM
NPM%
-33.56.19.113.0
ROCE
ROCE%
-3.45.28.113.2
ROE
ROE%
-11.73.67.413.4
ROA
ROA%
-5.01.64.29.8
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Vintage Coffee and Beverages Ltd (VCBL), established in 1980 and headquartered in Hyderabad, Telangana, is a publicly listed company on the BSE and NSE. The company specializes in the manufacturing and export of high-quality instant coffee, instant chicory, and other beverage products, with a strong focus on private-label production for global clients. VCBL operates as a 100% export-oriented enterprise through its key subsidiary, **Vintage Coffee Private Limited (VCPL)**, which runs a 23-acre integrated manufacturing and export facility in Nagarkurnool (Rachur Village), Telangana. Another subsidiary, **Delecto Foods Pvt Ltd**, operates a 2-acre facility in Siddipet, Telangana, dedicated to instant chicory and coffee-based products. --- ### **Production & Technology Advancements** VCBL has made significant investments in state-of-the-art technology to enhance product quality and operational efficiency: - Utilizes a **Probat profile roaster** with turbo roasting technology from Brazil for superior flavor development. - Employs a **fully automated extraction system** and **dual-point aroma recovery technology** to preserve rich aroma and ensure consistent taste. - Invested in advanced equipment and in-house modifications to optimize **agglomerated (granulated) coffee** production. - Currently preparing to enter **freeze-dried coffee (FDC)** segment through a greenfield project expected to add **5,000 metric tons** of capacity by **March 2027**. - Issued purchase orders for FDC plant and machinery from a leading European supplier, covering ~70% of total project cost. --- ### **Capacity & Expansion** The company is undergoing aggressive organic growth and infrastructure development: - **Total capacity expansion**: From 6,500 MTPA to **11,000 MTPA** by **March 2026**, including a 4,500 MTPA increase. - Commissioned a new **automated packaging line** near Hyderabad on October 31, 2024 — ahead of schedule — enhancing consumer pack exports by **25%**. - Two new packaging lines added in the past two years, adding approximately **3,000 metric tons** of annual packaging capacity. - Aims to reach **100% capacity utilization** with strong supply chain planning and green coffee sourcing over six-month visibility. - Manufacturing unit spans **150,000 sq. ft**, producing both spray-dried and agglomerated instant coffee. --- ### **Product Portfolio & Innovation** VCBL offers a diverse and evolving product range tailored to global consumer preferences: - Core products: **Spray-dried** and **agglomerated instant coffee**, **instant chicory**, and blends. - Launched **Natural Liquid Coffee** segment in June 2025 through VCPL, targeting foodservice channels in Southeast Asia. - Developing new variants: single-origin, flavored, decaffeinated, and certified coffees (e.g., organic, fair trade). - Known for its premium **Monsooned Malabar coffee**, a Geographical Indication (GI)-tagged product produced in Mangalore under optimal climatic conditions. --- ### **Market Presence & Export Strategy** VCBL exports to over **25 countries**, with a strategic focus on high-growth and high-consumption regions: - **Current Markets (as of 2025)**: - Southeast Asia - Europe (UK, Spain, etc.) - Russia & CIS (strong customer base built within 12 months) - Africa (premium range) - Middle East - Latin America (including Central America) - China - Australia - West Africa - **Recent Market Entry/Expansion**: - Entered **Russia, CIS, Vietnam, New Zealand**, and **Gulf Cooperation Council (GCC)** countries. - Expansion into **Europe** leverages high per capita coffee consumption. - Plans to aggressively explore **USA, New Zealand**, and **Australia** (domestic sales) as part of future diversification. - **Customer Base**: - Serves **~43 key international clients** with nearly **1,000 custom coffee blends** developed. - Maintains an impressive **95% customer retention rate**, attributed to product consistency, quality, and customization. - Secured major supply contracts in **Southeast Asia**, the **Middle East**, **Europe**, **Russia**, and **West Africa**. --- ### **Strategic Initiatives** VCBL is shifting from a pure B2B export model to a hybrid go-to-market strategy: - **Entry into Domestic Market (India)**: - Launched **Vintage Coffee Café Lounge** format in **Navi Mumbai** (Sept 2024), marking entry into India’s premium café segment. - Appointed **Dhruvatara Marketing Pvt Ltd** as master franchisee to scale the café chain across Indian cities. - Focus on **e-commerce**, **exclusive retail outlets**, **corporate vending**, and **HORECA** (Hotels, Restaurants, Cafés). - Aims to introduce **proprietary brands** in **West Africa** and **Russia**. - **Margin Optimization & Product Mix**: - Shifting focus from **bulk spray-dried coffee** to higher-margin **consumer-packaged** and **agglomerated coffee**. - Expansion into **liquid coffee** and **freeze-dried coffee** supports premiumization and margin growth. --- ### **Leadership & Vision** Led by **Mr. Balakrishna Tati**, Chairman and Managing Director, who brings over 30 years of experience in the coffee industry. Previously instrumental in scaling Tata Coffee Ltd’s sales from $3M to $50M, and co-founded Delecto Foods in 2012 (growing exports from $2M to a projected $8M). Under his leadership, VCBL has executed rapid plant commissioning, global market expansion, and innovation in product and format. --- ### **Sustainability & Future Roadmap** - Focus on **eco-friendly certifications**, **rainwater harvesting**, and transitioning to **renewable energy**. - Aligns with global trends toward **premium, certified, and health-conscious coffee alternatives**, including flavored and low-caffeine options. - Strong R&D focus on **product development**, **packaging innovation**, and **sustainable sourcing**.