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Diva Organic Living Ltd

WORL
BSE
7.20
Last Updated:
27 Oct '25, 3:57 PM
Company Overview
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Diva Organic Living Ltd

WORL
BSE
7.20
27 Oct '25, 3:57 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
24Cr
Close
Close Price
7.20
Industry
Industry
Trading
PE
Price To Earnings
PS
Price To Sales
22.88
Revenue
Revenue
1Cr
Rev Gr TTM
Revenue Growth TTM
PAT Gr TTM
PAT Growth TTM
-38.11%
Peer Comparison
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WORL
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Revenue
RevenueCr
1389551-1400000001
Growth YoY
Revenue Growth YoY%
2,249.81,661.7-16.6-142.2-100.0-100.0-100.0100.0
Expenses
ExpensesCr
136944800280068002
Operating Profit
Operating ProfitCr
212-140-2800-6800-1
OPM
OPM%
1.51.14.2101.8-55.3
Other Income
Other IncomeCr
000501060530-1
Interest Expense
Interest ExpenseCr
000000000000
Depreciation
DepreciationCr
000101140000
PBT
PBTCr
212-9-1-2802-68530-2
Tax
TaxCr
011-100000000
PAT
PATCr
211-8-1-2802-68530-2
Growth YoY
PAT Growth YoY%
422.571.4-72.7-307.0-144.5-3,987.5-114.8123.3-7,208.6289.523.8-194.7
NPM
NPM%
1.50.82.858.5-171.8
EPS
EPS
0.60.20.4-2.5-0.3-8.6-0.10.6-20.816.2-0.1-0.5

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue
RevenueCr
118316069617627401
Growth
Revenue Growth%
34.35,714.593.4-57.0-11.824.6262.3-100.0
Expenses
ExpensesCr
1280159716268279292
Operating Profit
Operating ProfitCr
0032-2-18-4-29-1
OPM
OPM%
32.3-18.34.01.0-2.5-1.510.3-1.5-134.9
Other Income
Other IncomeCr
011121117
Interest Expense
Interest ExpenseCr
0000000000
Depreciation
DepreciationCr
0000000160
PBT
PBTCr
0143009-4-27-17
Tax
TaxCr
0011003000
PAT
PATCr
0132007-4-27-17
Growth
PAT Growth%
145.6415.4-40.6-90.542.82,641.0-156.6-619.738.1
NPM
NPM%
22.541.13.61.10.30.48.8-1.4-1,637.9
EPS
EPS
238.98.242.16.00.10.10.7-1.2-8.3-5.2

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital
Equity CapitalCr
000351111333333
Reserves
ReservesCr
114183126327-21-37
Current Liabilities
Current LiabilitiesCr
12134635281352606214
Non Current Liabilities
Non Current LiabilitiesCr
0000570000
Total Liabilities
Total LiabilitiesCr
13145055695648299749
Current Assets
Current AssetsCr
134044574037289709
Non Current Assets
Non Current AssetsCr
121210111216111040
Total Assets
Total AssetsCr
13145055695648299749

Cash Flow

Consolidated
Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
0-1-5-1-2532-2-12-4
Investing Cash Flow
Investing Cash FlowCr
01327-16-1134
Financing Cash Flow
Financing Cash FlowCr
003216-2-7000
Net Cash Flow
Net Cash FlowCr
0003-301-200
Free Cash Flow
Free Cash FlowCr
0-1-5-1-2532-2-12
CFO To PAT
CFO To PAT%
118.9-136.0-172.2-37.7-14,851.11,202.835.540.645.724.3
CFO To EBITDA
CFO To EBITDA%
82.9305.4-157.4-42.61,465.6-327.830.437.543.1295.0

Ratios

Consolidated
Standalone
Financial YearMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
00006038642892216
Price To Earnings
Price To Earnings
0.00.00.00.0354.8159.196.00.00.0-0.9
Price To Sales
Price To Sales
0.00.00.00.90.68.50.315.5
Price To Book
Price To Book
0.00.00.00.01.61.114.82.31.8-3.4
EV To EBITDA
EV To EBITDA
34.0-43.74.3-1.2-38.3-49.381.8-21.6-0.8-11.0
Profitability Ratios
Profitability Ratios
GPM
GPM%
100.014.94.52.2-0.80.311.6-1.14.8
OPM
OPM%
32.3-18.34.01.0-2.5-1.510.3-1.5-134.9
NPM
NPM%
22.541.13.61.10.30.48.8-1.4-1,637.9
ROCE
ROCE%
2.86.723.111.30.50.821.3-8.5-224.7357.4
ROE
ROE%
27.039.967.38.70.50.715.5-9.6-224.1357.4
ROA
ROA%
1.94.06.03.30.30.413.9-1.3-36.9-186.6
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** White Organic Retail Limited (WORL) is an integrated organic foods and wellness lifestyle company operating across a vertically aligned value chain—from organic farming and supply chain management to retail, distribution, and direct-to-consumer (D2C) sales. Promoted by **Suumaya Retail Limited**, a wholly-owned subsidiary of **Suumaya Industries Limited**, WORL has evolved from a niche organic agro-retailer into a diversified wellness platform under new management and strategic restructuring. The company operates under a "Seed to Fork" framework and is transitioning into a full-stack wellness ecosystem through the **Diva Organic Living Limited** umbrella, targeting **India’s Gen Z and Millennial women** with a focus on **authenticity, conscious living, and female-first community engagement**. --- ### **Core Business Segments & Brand Portfolio** #### **1. Organic Foods & Retail (Legacy Business)** - **Product Range**: Over 250 SKUs including organic vegetables, fruits, pulses, grains, cooking oils, spices, snacks, dietary supplements, syrups, churans, capsules, and health powders. - **Branding**: Unified under the **"White Organics"** brand since 2020, with a phased rollout to strengthen brand recognition and streamline marketing. - **Sourcing**: Contracts or leases with **over 120 organic farmers** in **Maharashtra and Gujarat**, ensuring consistent, high-quality supply. - **Supply Chain**: Technology-driven logistics to maintain freshness, reduce waste, and ensure timely delivery. Strategic partnerships with **Zomato, Swiggy, and third-party logistics providers**. - **Distribution Channels**: - Retail stores and franchisee model (targeting 40+ outlets in health-conscious urban areas) - E-commerce platforms: **Own website (whiteorganics.in)**, mobile apps (iOS/Android), and marketplaces like **Big Basket, Grofers, Amazon** - B2B supply to premium restaurants in Mumbai > ☢️ **Recent Setback (Mar–Aug 2025)**: Turnover dropped to **zero** in the current fiscal year due to **supply chain disruptions, raw material procurement delays, regulatory changes, and market fluctuations**, halting production and order fulfillment. Recovery is ongoing. --- #### **2. Wellness & Lifestyle Expansion (Diva Organic Living Platform)** Under the rebranded strategic vision via **Diva Organic Living Limited**, WORL is consolidating multiple high-growth wellness verticals into one female-first platform. | Brand | Category | Key Details | |-------|--------|-----------| | **Diva Yoga** | Fitness/Community | Foundation of the ecosystem; has **7,000+ members** and **NPS of 82**; anchors community-driven growth and customer retention. | | **DivaFit** | Activewear | Premium, size-inclusive (XS–4XL), performance-driven apparel. Launch scheduled for **October 2025**. Positioned at the intersection of wellness and fashion. | | **Flook** | Functional Foods & Ready-to-Cook | Targets **Gen Z women** with mood-enhancing snacks and **pre-prepped produce**. D2C model with community sampling. Launched in **Mumbai (Aug 2025)**, expanding to Pune and Goa. Addresses trend where **>58% of urban Indians prioritize health over taste**. | | **Diva Veda** | Ayurvedic Skincare | Modern, **clean beauty Ayurvedic brand** with **14 SKUs** developed in Kerala. Targets women seeking natural, heritage-rooted skincare. Currently live in Kerala. | | **HerNest Living** | Women-Only Hospitality | Offers **1BHK apartments in Siolim, Goa**, for safe, aesthetic, and community-oriented travel. Caters to independent female travelers and digital nomads. Currently operational. | | **Aranyani Living** | Wellness Retreats | Luxury nature-immersive stays inspired by the forest goddess Aranyani. Focuses on **stillness, restoration, and intentional living**. Two of three planned properties are live in Goa. | --- ### **Strategic Direction & Expansion Plans** #### **Vertical Integration & Market Consolidation** - Aims to become India’s leading **integrated wellness platform** by unifying fitness, nutrition, skincare, apparel, and hospitality under one brand ecosystem. - Leverages **Diva Yoga’s strong community base** to drive cross-category customer acquisition and retention. - Uses **celebrity influence and culturally resonant branding** to enhance visibility and emotional connection. #### **E-Commerce & Omnichannel Growth** - Developing proprietary **e-commerce website and mobile app** to unify D2C sales across brands. - Transitioning from third-party reliance to **full-stack digital control** to improve margins and customer data ownership. - Continuing export ambitions, with earlier inquiries from developing nations; focus now includes GCC and Southeast Asia. #### **Sustainability & Social Impact** - Promotes **sustainable organic farming** practices that improve soil health, reduce synthetic input dependency, and support long-term yields. - Educating consumers in **Tier 2, Tier 3 cities**, and rural India about the benefits of organic living to bridge demand-supply gaps. - Investigated expansion into **renewable energy and waste management** (e.g., biogas, waste-to-energy) in earlier plans (2023), though current focus is on core wellness verticals. #### **Farm Expansion & Procurement Strategy** - Signed leases in **Nashik (Maharashtra)** and expanded operations in **Mehsana (Gujarat)** for strategic proximity to Mumbai and Pune. - Invested INR 300 million in expanding organic farming across **800+ acres** via lease/acquisition. - Exploring **strategic partnerships with major agro players** to strengthen procurement for FMCG organic lines. --- ### **Leadership & Founding Insight** - **Mr. Minkal K. Doshi** (37, Commerce Graduate, Mumbai): - Founder and driving force behind WORL’s organic farming operations. - Transitioned from **real estate to organic farming in 2009**, starting with **vertical farming of turmeric**. - Expanded operations to include **moringa, drumsticks, and chilli** in Mehsana, Gujarat. - Vision: Advance **high-tech vertical farming** to address future global food security needs. > Note: Mr. Doshi stepped back from active management during a leadership transition in **Q1 2025**, with **Suumaya Group** assuming greater strategic control. --- ### **Corporate Developments** - **Acquisition & Integration**: Acquired by **Suumaya Retail Limited** (2022), enabling access to a broader agri-value chain and pan-India sourcing capabilities. - **Rebranding & Restructuring**: As of August 2025, the company's strategic direction is fully refocused under **Diva Organic Living Limited**, with **WORL acting as the operational and manufacturing backbone**. - **Management Change (Mar 2025)**: - Shift to **internally generated cash flow** for expansion. - New leadership with **retail and consumer brand expertise**. - Focus on **lean operations, digital transformation, and organic (non-dilutive) growth**.