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DSM Fresh Foods Ltd

₹ 135-3.84%
05 Jan – close price
🔗zappfresh.com•BSE: BSE - SME: 544568•NSE:
Market Cap₹ 301 Cr.
Current Price₹ 135
High / Low₹ 208
Stock P/E21.8
Book Value₹ null
Dividend Yield0.00 %
ROCE24.5 %
ROE20.8 %
Face Value₹ 10.0
Sales₹ 160 Cr.
OPM16.5 %
Mar Cap₹ 301 Cr.

ABOUT

Incorporated in May 2015, DSM Fresh Foods Limited is engaged in the business of fresh meat and ready-to-cook/eat non-veg products retailer[1]

KEY POINTS

Business Profile[1]DSM Fresh Foods Limited, operating under the brandZappfresh, is an online retailer of fresh meat, seafood, and ready-to-cook/eat non-veg products. The company follows a farm-to-fork model, ensuring freshness through cold-chain systems and doorstep delivery via its website and mobile app(1 lakh+ downloads).

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Venky's (India)1587.6097.322236.510.63-26.53-441.88800.873.4411.253391.471.3822.98-26.531.545.610.13
2.HMA Agro Inds.29.7412.001489.291.0189.7972.812155.3447.0411.816232.492.20124.0889.761.725.550.73
3.SKM Egg Prod.369.9517.74974.080.4124.80186.46201.9358.4313.07630.1614.0554.9124.752.887.110.51
4.DSM Fresh135.1021.77301.100.007.03196.7295.8543.2324.53159.6616.5413.837.24–13.500.81
5.Ovobel Foods181.9513.78191.060.006.41300.6256.9935.6313.49216.657.2913.866.412.027.870.25
6.Simran Farms181.10–68.640.000.3545.83188.467.9112.26876.76-0.08-1.970.351.643.591.47
–Median: 5 Co.181.9517.74974.080.417.03186.46201.9343.2313.07630.167.2922.987.241.877.110.51

Quarterly Results

Standalone figures in ₹ crores

Mar 2025Sep 2024Sep 2025
Sales
646796
Expenses
536281
Operating Profit
11515
Other Income
10-0
Profit before tax
8412
Tax %
18%32%40%
Net Profit
727
EPS in Rs
4.021.494.29

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
565690131160
Expenses
585381114133
Operating Profit
-2491626
Other Income
-1-0010
Interest
00145
Depreciation
00122
Profit before tax
-3381220
Net Profit
-235914
EPS in Rs
-1,778.571,957.143,134.235.528.31
Dividend Payout %
0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:%
3 Years:97%
TTM:94%

Compounded Sales Growth

10 Years:%
5 Years:%
3 Years:32%
TTM:45%

Return on Equity

10 Years:%
5 Years:%
3 Years:20%
Last Year:21%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:%

Balance Sheet

Standalone figures in ₹ crores

Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.010.010.011616
Reserves
1216383340
Borrowings
1283246
Other Liabilities
93435
Total Liabilities
21225084107
Fixed Assets
11576
Gross Block
1.820.935.839.91–
Accumulated Depreciation
1.240.241.242.79–
CWIP
00000
Investments
00000
Other Assets
20214577100
Total Assets
21225084107

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-2-2-13-17
Cash from Investing Activity
-0-1-5-10
Cash from Financing Activity
232223
Net Cash Flow
0-04-3

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
53292147
Inventory Days
00––
Days Payable
6524––
Cash Conversion Cycle
-1252147
Working Capital Days
1355054
ROCE %
–24%27%25%

Shareholding Pattern

Numbers in percentages

Oct 2025
Promoters
28.11%
FIIs
6.45%
DIIs
13.82%
Public
51.63%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Zappfresh (DSM Fresh Foods) Closes Trading Window from April 1, 2026

31st March 2026, 7:38 pm

Zappfresh Signs MoU to Expand Farm-to-Fork Fish Supply Chain

25th March 2026, 9:05 pm

Zappfresh to Hold Management Meeting with Swaraj Holdings on March 19

16th March 2026, 10:58 pm

ZappFresh MD Deepanshu Manchanda Appointed UN SDGs Goodwill Ambassador

16th March 2026, 9:29 pm

Zappfresh (DSM Fresh Foods) to Participate in AAHAR 2026 Food Exhibition

12th March 2026, 12:30 am

Published by Other Websites

External media mentions & references

DSM Fresh Foods Buys Ambrozia for RTE/RTC Market Entry

23rd January 2026, 12:45 pm

DSM Fresh Foods Shocks Market! Mega Acquisition to Unleash RTE/RTC Powerhouse!

2nd January 2026, 3:27 pm

DSM Fresh Foods Hosts Investor Meet Post Ambrozia Acquisition
Zappfresh Signs Farm Partnership to Boost Fish Supply Chain
ZappFresh Deepens Seafood Push Via Integrated Aquaculture; Margin Uplift Eyed

News Articles

Editorial & research coverage

DSM Fresh Foods Shocks Market! Mega Acquisition to Unleash RTE/RTC Powerhouse!
DSM Fresh Foods Shocks Market! Mega Acquisition to Unleash RTE/RTC Powerhouse!

2nd January 2026, 3:27 pm

Documents

Announcements

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

8h - Virtual one-on-one analyst meeting with Vanilla Consultants on 9 Jan 2026, 11:00-12:00.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

8h - Virtual one-to-one investor meeting with Swan Energy on 6 Jan 2026, 12:00-13:00; no UPSI.

Appointment Of M/S Go India Advisors LLP As Investor Relations Advisory Agency.

2 Jan - Appointed M/s Go India Advisors LLP as Investor Relations Advisory Agency effective January 2, 2026.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

2 Jan - DSM to acquire 51% of Avyom for ~₹7.5 crore; includes Ambrozia slump-sale facility.

Update Under Reg 30 Of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 In Continuation Of Outcome Dated 30.12.2025.

1 Jan - Avyom signed binding term sheet (31-Dec-2025) to acquire Ambrozia’s food business, 5 acres, facility; turnover ~₹13 Cr.

Annual Reports

No data available.

Credit Ratings

No credit ratings.

Concalls

Nov 2025

TranscriptPPT

Stock Analysis

Description

  1. DSM Fresh Foods Limited, operating under the ZAPPFRESH brand, is an online retailer of fresh meat, seafood, and ready-to-cook/eat non-veg products, following a farm-to-fork model.

Key Growth Triggers

  1. Capitalizing on India's formalizing fresh meat and ready-to-cook market with a digitally native business model.
  2. Aggressive inorganic growth strategy, including strategic investment in Avyom Foodtech and potential acquisitions funded by IPO proceeds.
  3. Broadening business scope through MOA amendment for diversification into manufacturing, processing, R&D, and trading of various food products.
  4. Strengthening integrated supply chain and deepening partnerships with HORECA clients.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Low promoter holding (28.1%).
  2. Increase in debtor days from 32.4 to 47.1 days.

Key Dates To Watch

  1. Jan 08, 2026: Postal ballot process commenced for fund reallocation and MOA amendment.
  2. Jan 06, 2026: Virtual one-on-one analyst meeting with Swan Energy.
  3. Jan 09, 2026: Virtual analyst meeting with Vanilla Consultants.
  4. Dec 31, 2025: Board approval for strategic investment in Avyom Foodtech.
  5. Dec 10, 2025: Participation in Bharat Conclave 2026.

Corporate Announcements

31st Mar 26
Impact Rating: 6
DSM Fresh Foods Limited, operating as Zappfresh, is temporarily suspending trading activities for its Insiders, Designated persons, and their immediate relatives. This closure commences from April 1, 2026, and will remain in effect until 48 hours after the declaration of the company's financial results, in line with SEBI guidelines.
25th Mar 26
Impact Rating: 6
Zappfresh, a fresh and frozen food company, signs MoU with a farm operator in Ghaziabad to directly procure fish from approximately 50 acres of aquaculture farms.
16th Mar 26
Impact Rating: 4
Zappfresh's parent company, DSM Fresh Foods Limited, has informed the stock exchanges about a virtual management meeting on March 19, 2026, with Swaraj Holdings to discuss public information.
16th Mar 26
Impact Rating: 4
ZappFresh Managing Director Deepanshu Manchanda has been appointed as a Goodwill Ambassador for UN Sustainable Development Goals by IIMSAM. The role acknowledges his contributions to food systems and farmer livelihoods.
11th Mar 26
Impact Rating: 2
The company aims to expand its presence in value-added food categories and export markets by engaging with customers and partners at AAHAR 2026.