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Devi Sea Foods Limited
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Registered Details

DEVI SEA FOODS LIMITED

Active

Updated: 28 Oct 2024

The company engages in processing and marketing of frozen shrimp

Devi Sea Foods Limited, is an unlisted public company incorporated on 26 March, 1992. It is classified as a public limited company and is located in Visakhapatnam, Andhra Pradesh. It's authorized share capital is INR 18.00 cr and the total paid-up capital is INR 12.00 cr.

Industry

Manufacturing (Food products and beverages)

Products

raw, and marinated shrimps, cooked

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

1.08%

₹ 3,096.8

EBITDA

8.15%

₹ 432.8

Net Profit

9.72%

₹ 335.7

Networth

19.88%

₹ 2,025.2

Borrowings

-55.4%

₹ 22.2

Assets

18.02%

₹ 2,247.4

Gross Margin

0.01

26.5 %

Operating Margin

0.96

14.3 %

Net Profit Margin

0.85

10.8 %

Return on Equity

-1.53

16.6 %

ROCE

-2.76

21.2 %

Debt to Equity

-0.02

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (14)

State	Type	Address

Locations on Map

Tofler Score

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Fair

Good

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Risk

Severe Risk

No risks identified

Moderate Risk

No risks identified

Low Risk

ROCE DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	2,084.6	1,976.4	2,823.1	3,005.9	3,033.3
Operating profit	241.9	245.2	341.1	400.2	432.8
Net profit	193.5	185.6	267.8	306.0	335.7
Gross margin	22.5	24.2	24.1	26.5	26.5
Operating margin	11.6	12.4	12.1	13.3	14.3
Net margin	9.1	9.2	9.3	10.0	10.8
Networth	925.2	1,110.6	1,383.1	1,689.4	2,025.2
Borrowings	12.1	64.7	43.7	49.8	22.2
Assets	1,029.1	1,290.0	1,591.4	1,904.2	2,247.4
Debt to equity	0.0	0.1	0.0	0.0	0.0
Current ratio	7.6	5.4	6.2	7.5	9.2
ROE	20.9	16.7	19.4	18.1	16.6
Days payable	6.0	11.0	9.0	4.0	6.0
WC days	99.0	132.0	117.0	137.0	162.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	12.0	12.0	12.0	12.0	12.0
Reserves	913.2	1,098.6	1,371.1	1,677.4	2,013.2
Borrowings +	12.1	64.7	43.7	49.8	22.2
Long term borrowings	0.2	-	-	-	12.4
Short term borrowings	11.9	64.6	43.7	49.8	9.8
Trade payables +	24.8	45.6	53.1	27.1	35.7
Days payable	6.0	11.0	9.0	4.0	6.0
Other liabilities +	91.7	114.7	164.6	165.0	199.9
Other non-current liabilities	18.2	17.7	35.0	42.1	45.9
Other current liabilities	48.8	51.3	76.5	95.7	118.4
Total liabilities	1,029.1	1,290.0	1,591.4	1,904.2	2,247.4
Fixed Assets +	180.4	208.6	288.2	365.4	457.0
Tangible assets	153.0	193.4	241.9	342.4	450.8
CWIP	27.4	15.2	46.1	22.7	6.1
Intangible assets	-	-	0.2	0.3	0.2
LT loans and advances	0.9	0.1	0.1	0.1	0.1
Other non-current assets	196.8	207.5	223.8	235.0	281.6
Current assets +	651.1	873.9	1,079.3	1,303.7	1,508.6
Inventories	155.0	211.1	321.1	315.9	402.7
Trade receivables	354.3	339.0	419.7	499.4	437.4
Cash and cash equivalents	19.5	10.6	35.2	25.4	17.4
ST loans and advances	0.3	2.6	11.9	11.8	13.1
Other current assets	122.1	310.5	291.3	451.2	638.1
Total assets	1,029.1	1,290.0	1,591.4	1,904.2	2,247.4

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	1.17	0.93	0.75	0.63	0.53
Reserves	88.74	85.16	86.15	88.09	89.58
Borrowings +	1.18	5.02	2.75	2.62	0.99
Long term borrowings	0.02	0.01	0.0	0.0	0.55
Short term borrowings	1.16	5.01	2.74	2.61	0.44
Trade payables	2.41	3.54	3.34	1.42	1.59
Other liabilities +	8.91	8.89	10.35	8.66	8.9
Other non-current liabilities	1.77	1.38	2.2	2.21	2.04
Other current liabilities	4.74	3.98	4.8	5.03	5.27
Total liabilities
Fixed Assets +	17.53	16.17	18.11	19.19	20.34
Tangible assets	14.87	14.99	15.2	17.98	20.06
CWIP	2.66	1.17	2.9	1.19	0.27
Intangible assets	0.0	0.0	0.01	0.02	0.01
LT loans and advances	0.08	0.01	0.01	0.01	0.0
Other non-current assets	19.12	16.08	14.06	12.34	12.53
Current assets +	63.27	67.74	67.82	68.46	67.13
Inventories	15.06	16.36	20.18	16.59	17.92
Trade receivables	34.43	26.28	26.37	26.22	19.46
Cash and cash equivalents	1.89	0.82	2.21	1.34	0.78
ST loans and advances	0.03	0.2	0.75	0.62	0.58
Other current assets	11.86	24.07	18.3	23.7	28.39
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	12.0	12.0	12.0	12.0	12.0
Reserves	1,074.1	1,279.8	1,586.3	1,922.7	2,285.9
Borrowings +	34.9	105.1	186.8	49.8	22.2
Long term borrowings	0.2	-	-	-	12.4
Short term borrowings	34.7	105.1	186.8	49.8	9.8
Trade payables +	26.2	56.5	58.0	33.1	39.4
Days payable	6.0	13.0	9.0	5.0	6.0
Other liabilities +	96.8	128.5	174.9	176.2	211.4
Other non-current liabilities	19.5	19.7	37.1	44.2	48.4
Other current liabilities	51.1	52.3	79.7	99.0	123.6
Total liabilities	1,217.9	1,525.5	1,960.0	2,160.8	2,531.5
Fixed Assets +	285.1	310.8	390.9	467.8	563.8
Tangible assets	257.6	294.9	344.5	444.7	556.0
CWIP	27.4	15.8	46.1	22.7	7.7
Intangible assets	-	0.1	0.3	0.3	0.2
LT loans and advances	0.9	0.1	0.1	0.1	0.1
Other non-current assets	105.7	119.6	137.8	161.9	205.2
Current assets +	826.2	1,094.9	1,431.1	1,531.0	1,762.4
Inventories	385.9	428.0	611.5	651.8	695.9
Trade receivables	279.1	329.1	473.2	359.6	370.9
Cash and cash equivalents	37.5	12.7	38.1	50.9	38.9
ST loans and advances	0.3	2.6	11.9	11.8	13.1
Other current assets	123.3	322.5	296.4	456.9	643.7
Total assets	1,217.9	1,525.5	1,960.0	2,160.8	2,531.5

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.99	0.79	0.61	0.56	0.47
Reserves	88.2	83.9	80.93	88.98	90.3
Borrowings +	2.87	6.89	9.53	2.31	0.88
Long term borrowings	0.02	0.0	0.0	0.0	0.49
Short term borrowings	2.85	6.89	9.53	2.3	0.39
Trade payables	2.15	3.7	2.96	1.53	1.56
Other liabilities +	7.95	8.42	8.92	8.16	8.35
Other non-current liabilities	1.6	1.29	1.89	2.05	1.91
Other current liabilities	4.2	3.43	4.07	4.58	4.88
Total liabilities
Fixed Assets +	23.41	20.38	19.95	21.65	22.27
Tangible assets	21.15	19.33	17.58	20.58	21.96
CWIP	2.25	1.04	2.35	1.05	0.3
Intangible assets	0.01	0.01	0.01	0.02	0.01
LT loans and advances	0.07	0.01	0.01	0.01	0.0
Other non-current assets	8.68	7.84	7.03	7.49	8.1
Current assets +	67.84	71.78	73.02	70.85	69.62
Inventories	31.69	28.06	31.2	30.16	27.49
Trade receivables	22.92	21.58	24.14	16.64	14.65
Cash and cash equivalents	3.08	0.83	1.94	2.35	1.54
ST loans and advances	0.02	0.17	0.61	0.55	0.52
Other current assets	10.13	21.14	15.12	21.14	25.43
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	2,084.6	1,976.4	2,823.1	3,005.9	3,033.3
Sales growth %	14.07	-5.19	42.84	6.47	0.91
Expenses +	1,868.3	1,757.2	2,514.2	2,649.3	2,653.7
Cost of goods	1,614.9	1,497.4	2,143.5	2,208.5	2,228.2
Employee cost	54.7	67.9	84.7	96.3	128.7
Other costs	173.2	166.0	253.8	300.8	243.6
Operating profit +	241.9	245.2	341.1	400.2	432.8
Operating margin %	11.6	12.4	12.1	13.3	14.3
Other income	39.1	35.9	53.5	57.7	63.5
Interest	2.0	0.7	1.3	1.5	1.5
Depreciation	23.5	25.2	30.9	42.2	51.6
Exceptional items	-2.4	-3.0	-	-	-
Profit before tax	253.0	252.1	362.3	414.3	443.1
Tax	59.5	66.5	94.5	108.3	107.4
Profit - disc. ops	-	-	-	-	-
Net profit	193.5	185.6	267.8	306.0	335.7
Net margin %	9.1	9.2	9.3	10.0	10.8

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.16	98.22	98.14	98.12	97.95
Expenses +	87.97	87.32	87.4	86.48	85.69
Cost of goods	76.04	74.41	74.52	72.09	71.95
Employee cost	2.57	3.38	2.94	3.14	4.16
Other costs	8.16	8.25	8.82	9.82	7.87
Operating profit	11.39	12.18	11.86	13.06	13.98
Other income	1.84	1.78	1.86	1.88	2.05
Interest	0.09	0.04	0.05	0.05	0.05
Depreciation	1.11	1.25	1.07	1.38	1.67
Exceptional items	-0.12	-0.15	0.0	0.0	0.0
Profit before tax	11.91	12.53	12.6	13.52	14.31
Tax	2.8	3.3	3.29	3.53	3.47
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	9.11	9.22	9.31	9.99	10.84

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	2,265.9	2,166.8	3,086.8	3,136.2	3,239.7
Sales growth %	10.04	-4.37	42.46	1.6	3.3
Expenses +	2,020.6	1,918.9	2,728.6	2,769.0	2,843.3
Cost of goods	1,720.9	1,617.4	2,304.2	2,264.1	2,345.2
Employee cost	63.0	77.3	94.9	108.5	141.4
Other costs	203.9	194.8	291.5	347.2	298.6
Operating profit +	278.0	277.3	396.1	416.5	454.5
Operating margin %	12.3	12.8	12.8	13.3	14.0
Other income	35.6	35.3	49.9	49.1	70.3
Interest	5.9	0.9	3.1	2.7	1.7
Depreciation	26.9	28.5	34.9	46.5	56.4
Exceptional items	-	-	-	-	-
Profit before tax	280.9	283.2	408.0	416.3	466.7
Tax	69.2	75.8	109.1	107.0	115.4
Profit - disc. ops	-	-	-	-	-
Net profit	213.1	210.5	300.3	315.0	357.4
Net margin %	9.3	9.6	9.6	9.9	10.8

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.45	98.4	98.41	98.46	97.87
Expenses +	87.8	87.14	86.99	86.93	85.9
Cost of goods	74.78	73.45	73.46	71.08	70.85
Employee cost	2.74	3.51	3.03	3.41	4.27
Other costs	8.86	8.85	9.29	10.9	9.02
Operating profit	12.08	12.59	12.63	13.07	13.73
Other income	1.55	1.6	1.59	1.54	2.13
Interest	0.25	0.04	0.1	0.08	0.05
Depreciation	1.17	1.3	1.11	1.46	1.7
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	12.2	12.86	13.01	13.07	14.1
Tax	3.01	3.44	3.48	3.36	3.49
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	9.26	9.56	9.57	9.89	10.8

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.1	0.0	0.0	0.0
Net Debt/Equity	0.0	0.1	0.0	0.0	0.0
Total Debt/Assets	0.0	0.1	0.0	0.0	0.0
Total Assets/Equity	1.1	1.2	1.1	1.1	1.1
Liquidity +
Current Ratio	7.6	5.4	6.2	7.5	9.2
Quick Ratio	5.8	4.1	4.4	5.7	6.8
Interest Coverage	122.8	329.0	254.2	271.8	281.1
Performance
Gross Margin	22.5	24.2	24.1	26.5	26.5
Operating Margin	11.6	12.4	12.1	13.3	14.3
Net Margin	9.1	9.2	9.3	10.0	10.8
Return +
Return on Equity	20.9	16.7	19.4	18.1	16.6
Pre-tax ROCE	29.3	23.9	26.0	23.9	21.2
Return on Assets	18.8	14.4	16.8	16.1	14.9
Pre-tax ROIC	23.6	18.9	22.3	20.9	18.8
Efficiency +
Days Payable	6.0	11.0	9.0	4.0	6.0
Days Inventory	35.0	51.0	55.0	52.0	66.0
Days Receivable	62.0	63.0	54.0	61.0	53.0
Fixed Asset Turnover	11.6	9.5	9.8	8.2	6.6
Total Asset Turnover	2.0	1.5	1.8	1.6	1.4
Working Capital
Cash Conversion Cycle	91.0	103.0	100.0	109.0	113.0
Working Capital Days	99.0	132.0	117.0	137.0	162.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.1	0.1	0.0	0.0
Net Debt/Equity	0.0	0.1	0.1	0.0	0.0
Total Debt/Assets	0.0	0.1	0.1	0.0	0.0
Total Assets/Equity	1.1	1.2	1.2	1.1	1.1
Liquidity +
Current Ratio	7.4	5.1	4.4	8.4	10.2
Quick Ratio	3.9	3.1	2.5	4.8	6.2
Interest Coverage	47.4	302.2	126.9	153.9	265.0
Performance
Gross Margin	24.1	25.4	25.4	27.8	27.6
Operating Margin	12.3	12.8	12.8	13.3	14.0
Net Margin	9.3	9.6	9.6	9.9	10.8
Return +
Return on Equity	19.6	16.3	18.8	16.3	15.6
Pre-tax ROCE	25.1	20.9	24.1	20.4	18.5
Return on Assets	17.5	13.8	15.3	14.6	14.1
Pre-tax ROIC	23.1	18.0	20.7	19.1	17.3
Efficiency +
Days Payable	6.0	13.0	9.0	5.0	6.0
Days Inventory	82.0	97.0	97.0	105.0	108.0
Days Receivable	45.0	55.0	56.0	42.0	42.0
Fixed Asset Turnover	8.0	7.0	7.9	6.7	5.8
Total Asset Turnover	1.9	1.4	1.6	1.4	1.3
Working Capital
Cash Conversion Cycle	121.0	139.0	144.0	142.0	144.0
Working Capital Days	115.0	148.0	131.0	157.0	179.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Union Bank of India

No. of Loans: 1

Total Amount : 133.8 cr

Charge Holder	Amount	Date of creation/modification
Union Bank of India	133.8 cr	05 Sep, 2015

Charges

Union Bank of India

People

Designation	Name	DIN/PAN	Tenure
Director	Mallikarjunudu Jasti	00361594	10 years
Whole-time Director	Anthony John Kuttikat	00805095	28 years
Managing Director	Brahmanandam Potru Shareholder	00860739	33 years
Whole-time Director	Rama Devi Potru Shareholder	00860982	20 years
Director	Pramod Ranjan	00887569	9 years
Whole-time Director	Sambasiva Rao Gadde	01293395	24 years
Whole-time Director	Suryavathi Potru Shareholder	02012653	4 years
Whole-time Director	Naveena Nekkanti Shareholder	02012677	17 years
Director	Trinath Gampa	08045359	7 years
CFO	Palukuri Varahalu Chetty	<HIDDEN>	7 years
CS	Manas Ranjan Panigrahi	<HIDDEN>	7 years

Company Network

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SEVEN HILLS HOSPITALS PRIVATE LTD	Amalgamated	10.5 Cr	1	Andhra Pradesh
SRI MALLI FINANCE AND INVESTMENTS PVT. LTD.	Active	30.9 L	1	Andhra Pradesh
JASTI AQUA FARMS PVT LTD,	Active	8.5 L	1	Andhra Pradesh
NAVYA NIRMAN COMPANY PVT LTD,	Active	41.3 L	1	Andhra Pradesh
PALLAVI CONSTRUCTIONS LLP	Active	4.5 L	1	Andhra Pradesh
GOODLIFE HOUSING (INDIA) PRIVATE LIMITED	Strike Off	0.0	2	Telangana
NEW AGE HOMES (INDIA) PRIVATE LIMITED	Strike Off	0.0	2	Telangana
SRUJANA PROPERTIES (INDIA) PRIVATE LIMITED	Strike Off	0.0	2	Telangana
DEVEE HORIZON LLP	Active	25.0 L	5	Andhra Pradesh
DEVI BUSINESS VENTURES PRIVATE LIMITED	Strike Off	1.0 L	4	Tamil Nadu
MAXIMUS ARC LIMITED	Active	110.0 Cr	2	Telangana
DEVEE POWER CORPORATION LIMITED	Active	71.0 L	3	Andhra Pradesh
DEVEE SUPERIOR FEEDS LIMITED	Active	2.0 L	3	Andhra Pradesh
DEVEE GLOBAL HOLDINGS IFSC LLP	Active	10.0 L	5	Gujarat
VEDERI ESTATES PRIVATE LIMITED	Converted to LLP	2.0 L	1	Telangana
ORIENTAL HOTELS LIMITED	Active	17.9 Cr	1	Tamil Nadu
COROMANDEL SEAFOODS PRIVATE LIMITED	Active	1.0 L	1	Tamil Nadu
COROMANDEL BEACH PROPERTIES PRIVATE LIMITED	Active	2.0 L	1	Tamil Nadu
KODAI HEIGHTS PROPERTIES PRIVATE LIMITED	Active	1.0 L	1	Tamil Nadu
TAJ MADURAI LIMITED	Active	3.5 Cr	1	Tamil Nadu
COCOON RESORTS PRIVATE LIMITED	Active	30.3 L	1	Tamil Nadu
PRIMESOUTH INFRATECH PROJECTS PRIVATE LIMITED	Active	1.0 L	1	Karnataka
DNR HOSPITALITY PRIVATE LIMITED	Not available for efiling	5.0 L	1	Karnataka
SUISLAND HOSPITALITY PRIVATE LIMITED	Active	5.0 Cr	1	Maharashtra
KAVERI RETREATS AND RESORTS LIMITED	Active	26.4 Cr	1	Tamil Nadu

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
Devi Sea Foods Inc, USA	United States	-	-

Registered Details

CIN

U15122AP1992PLC094924

PAN

AABCD0248B

Incorporation

1992, 33.1 years

Company Email

secretarial@deviseafoods.com

Paid up Capital

₹ 12.0 Cr

Authorised Capital

₹ 18.0 Cr

AGM

Sep 2023

Type

Public

Non-government Company

FAQ - DEVI SEA FOODS LIMITED

What is the incorporation date of DEVI SEA FOODS LIMITED?

The incorporation date of DEVI SEA FOODS LIMITED is 26 March, 1992

What is the authorized share capital of DEVI SEA FOODS LIMITED?

The authorized share capital of DEVI SEA FOODS LIMITED is INR ₹ 18.0 Cr.

What is the paid-up capital of DEVI SEA FOODS LIMITED?

The paid-up capital of DEVI SEA FOODS LIMITED is INR ₹ 12.0 Cr.

What is the registered address of DEVI SEA FOODS LIMITED?

The registered address of DEVI SEA FOODS LIMITED is 50-1-51/1, A.S.R. Nagar Seethammadhara VisaKhapatnam Andhra Pradesh - 530013

What is the CIN number of DEVI SEA FOODS LIMITED?

The CIN number of DEVI SEA FOODS LIMITED is U15122AP1992PLC094924.

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Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More

DEVI SEA FOODS LIMITED

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