Cremica Agro Food

DRHP Status : Not Filed

19

Current Price 19

Market Cap 8.32 Cr

ISIN INE050S01019

Face Value 10

P/E Ratio 51.39

EPS 0.36

P/B Ratio 0.97

Book Value 19.08

Debt to Equity Ratio 2

Particulars	31-03-2024	31-03-2023
Cash flow from operating activities
Profit before tax	2,147	-10,373
Adjustment for non-operating & non cash transactions
Excess Provisions written back	-120	-
Balances no longer receivable written off (net)	-	11,445
Interest income	-3,664	-3,163
Operating profit before working capital changes	-1,637	-2,091
Movement in working capital:
Decrease/ (increase) in current assets	13	-16
Increase/ (decrease) in non-current liabilities	-	118
Increase/ (decrease) in Trade Payables	110	-
Increase/ (decrease) in Other Current Liabilities	42	1
Cash generated from/ (used in) operations	-1,472	-1,988
Income tax paid (net of refund)	-375	-341
Net cash from/ (used in) operating activities	-1,847	-2,329
Cash flows from investing activities
Investment in fixed/term deposits not considered as cash and cash equivalents	-57,000	-54,000
Redemption/maturity of fixed/term deposits not considered as cash and cash equivalents	56,235	4,108
Interest received	1,236	450
Net cash from/ (used in) investing activities	471	-49,442
Net increase/ (decrease) in cash and cash equivalents	-1,376	-51,771
Cash and cash equivalents at the beginning of the year	3,815	55,586
Cash and cash equivalents at the end of the year	2,439	3,815
Cash and cash equivalents Include:
Balance with Banks
In Current Accounts	2,439	3,815

Particulars	31-03-2024	31-03-2023
Non-current assets
Deferred tax assets (net)	2,093	2,635
Other non-current assets	21,500	21,500
Current assets
Cash and cash equivalents	2,439	3,815
Bank balances other than above	59,906	56,713
Current tax assets (net)	711	336
Other current assets	3	16
Total assets	86,652	85,015
Equity
Equity share capital	44,955	44,955
Other equity	40,819	39,214
Non-current liabilities
Provisions	-	118
Current liabilities
Total outstanding dues of creditors other than micro enterprises and small enterprises	171	61
Other financial liabilities	701	662
Other current liabilities	6	3
Provisions	-	2
Total equity and liabilities	86,652	85,015

Annual Report 2024-2025

Annual Report 2023-2024

Annual Report 2022-2023

Annual Report 2021-2022

Annual Report 2020-2021

Annual Report 2019-2020

Annual Report 2018-2019

Name	Holding
MRS. BECTORS FOOD SPECIALITIES LTD	43.09%
ANOOP BECTORl	1.12%
DHARAMVIR BECTORi	1.2%
PUBLIC SHAREHOLDING	54..58%

Cremica Agro Foods Limited, established in 1989 and headquartered in Ludhiana, Punjab, India, is a prominent player in the food processing industry. The company specializes in producing and distributing a diverse range of products, including biscuits, breads, cakes, pastries, chocolates, nuts, breakfast cereals, and related food items.

Strengths:

Established Industry Presence: With a history spanning over three decades, Cremica has built a reputable position in the food and beverage industry, supplying products to leading fast-food chains such as McDonald's, Pizza Hut, Domino's, and Subway. Agro & Food Processing+1The Hindu Business Line+1
Strategic Manufacturing Facilities: The company operates multiple manufacturing units across India, strategically located to optimize production and distribution. FNB News
Growth Initiatives: Cremica has outlined plans to invest ₹50–100 crore over the next four to five years to expand its manufacturing capacities, aiming to reach a turnover of ₹500 crore by FY24. www.slideshare.net+3Agro & Food Processing+3The Hindu Business Line+3

Weaknesses:

Financial Performance Concerns: For the fiscal year ending March 2023, Cremica reported a modest revenue increase of 2.23% to ₹0.32 crore. However, the company experienced a significant decline in profitability, with a net loss of ₹0.8 crore, representing a 911.9% decrease from the previous year. Company Check+1planify.in+1
Limited Market Penetration: Despite its established presence, Cremica's retail outlet coverage is relatively limited, with 458,000 outlets in North India for biscuits and just 14,000 outlets for baked products, indicating potential for stronger market penetration. Steel City Net Trade+1CRISIL+1
Competitive Industry Landscape: The company operates in a highly fragmented and competitive industry, facing competition from both organized national and regional players, as well as unorganized entities. Steel City Net Trade

Considerations for Unlisted Share Investment:

Investing in unlisted shares of Cremica Agro Foods Limited entails certain risks and considerations:

Liquidity Constraints: Unlisted shares are not traded on public exchanges, making them less liquid and potentially more challenging to sell when desired.
Valuation Uncertainty: Determining the fair market value of unlisted shares can be complex due to the lack of transparent market pricing.
Regulatory and Operational Risks: Unlisted companies may face regulatory hurdles and operational challenges that could impact financial performance and shareholder value.