BAGRRY’S INDIA PRIVATE LIMITED UNLISTED SHARE
Bagrrys India Private Limited (also known as Bagrry's) is an Indian multinational FMCG company, it manufactures high-fiber breakfast cereals and health foods. It was established in 1986 and registered with the registrar of companies, Himachal Pradesh. Authorized equity capital of the company is Rs. 40,00,00,000 and paid-up capital is Rs. 76,96,090. The old name of Bagrrys India Private Limited was Bagrrys India Limited
At present, it has two brands: Bagrry's and Lawrence Mill. The company is the second most popular breakfast cereal brand in India after Kellogg’s. Bagrrys includes a variety of healthy foods and breakfast cereals such as muesli, oats, corn flakes plus, choco+, bran, organic quinoa, chia seed, and apple cider vinegar, peanut butter, and makhana.
In 2017 Bagrry's signed a distribution agreement with Nissin Foods, makers of Top Ramen noodles, to distribute selected products through their channel.
INCORPORATION DETAILS
CIN | U15497HP1986PTC006447 |
Registration Date | 23 October 1986 |
Company Name | Bagrrys India Private Limited |
Email Address | |
Category/Sub-category of the Company | Company Limited by Shares/Non-Government Company |
Class of Company | Private |
Registration Number | 6447 |
Address of the Registered office & contact details | Plot No. 28 and 41, HIMUDA Industrial Area, Bhatoli Kalan, Baddi, Solan, Himachal Pradesh-173205 |
STATUTORY AUDITORS | M/s. S S Kothari Mehta & Co. Chartered Accountants Plot No. 68, Okhla Industrial Area, Phase - III, New Delhi - 110020 |
CORPORATE OFFICE | LGF 11-14, Vasant Square Mall, Vasant Kunj, New Delhi-110070 |
Company Secretary | Ms. Shiwani Goyal |
Listing Status | Unlisted |
BOARD OF DIRECTORS
Mr. Sushil Kumar Chetani (Whole Time Director)
Mr. Laxmi Narayan Sain (Whole Time Director)
Mr. Raj Kumar Sharma (Director)
Principal Business Activities of the Company
Name & Description of main products/services | NIC Code of the Product /service | % of the total turnover of the company |
Food Product | 10614 | 99.72% |
Investment Division | 66309 | 0.28% |
TOTAL |
| 100% |
SHAREHOLDING PATTERN
(As of 31-03-2020)
S. No. | Shareholder’s Category | No. of Shares | % of total Shares of the company |
1 | PROMOTERS | 7,63,823 | 99.25% |
2 | PUBLIC | 5,786 | 0.75% |
| Total | 7,69,609 | 100.00% |
INDUSTRY OUTLOOK
Bagrrys has always focused on Health Products with high fiber content and other nutritional benefits, and the market is expanding as a result of increased consumer awareness of healthy food, even though the entry of many new players in the breakfast cereals and health food category has resulted in intense competition and pressure on sales margins.
The competition in the market for High Fibre Health Foods and Breakfast Cereals has increased significantly at the local, national, and international levels, which may have an adverse effect on the Company's profitability.
The year began in India with a nationwide lockdown and severe restrictions on economic activity and mobility.
Additionally, the Company took several measures to support workers with essential supplies, medical care, facilities for safe worker movement to sites, and provision for on-site accommodation, where possible, to mitigate risks associated with activity disruption due to the Covid-19 pandemic.
PROFIT & LOSS STATEMENT OF BAGRRYS INDIA PRIVATE LIMITED (In Rs.)
(As of 31-03-2019 to 31-03-2021)
Particular | 2021 | 2020 | 2019 |
Revenue | |||
Revenue from operations (net) | |||
| 1,39,82,10,332 | 1,55,15,54,050 | 1,54,52,69,670 |
| 39,38,849 | - | - |
Total | 1,40,21,49,181 | 1,55,15,54,050 | 1,54,52,69,670 |
Other Income | 91,90,735 | 98,29,031 | 81,76,790 |
Total Revenue | 1,41,13,39,916 | 1,56,13,83,081 | 1,55,34,46,460 |
Expenses | |||
Cost of materials consumed | 66,33,26,750 | 81,23,71,514 | 77,31,46,143 |
Purchases of Stock in Trade | 99,619,725 | 14,28,52,733 | 15,11,66,080 |
Changes in Inventory of Finished goods & Stock in Trade | (6,75,685) | 27,99,038 | (39,04,854) |
Employee benefits expenses | 10,04,55,155 | 11,33,71,279 | 10,66,10,438 |
Finance costs | 9,89,730 | 42,59,798 | 37,21,918 |
Depreciation and amortization expense | 72,80,931 | 75,79,729 | 80,45,138 |
Other expenses | 24,84,23,085 | 32,13,28,915 | 39,55,00,547 |
Total Expenses | 1,11,94,19,691 | 1,40,45,63,006 | 1,43,42,85,410 |
Profit before Tax | 29,19,20,225 | 15,68,20,075 | 11,91,61,050 |
Less: - Tax Expenses: | |||
| 7,23,45,225 | 4,64,26,087 | 3,67,36,903 |
| (15,88,828) | (3,70,497) | (8,99,137) |
| 6,446,462 | - | (7,42,360) |
| (4,99,692) | (2,86,620) | (1,20,447) |
Total Tax Expenses | 7,67,03,167 | 4,57,68,970 | 3,49,74,959 |
Profit / (Loss) for the year | 21,52,17,058 | 11,10,51,105 | 8,41,86,091 |
Earnings per equity share (Basic) | 279.64 | 144.30 | 109.39 |
Earnings per equity share (Diluted) | 279.64 | 144.30 | 109.39 |
BALANCE SHEET OF BAGRRYS INDIA PRIVATE LIMITED (In Rs.)
(As of 31-03-2019 to 31-03-2021)
PARTICULARS | 2021 | 2020 | 2019 |
EQUITY AND LIABILITIES | |||
Shareholders’ funds | |||
Share Capital | 76,96,090 | 76,96,090 | 80,65,630 |
Reserves and Surplus | 54,56,57,901 | 33,04,40,843 | 22,36,02,494 |
Non-Current Liabilities | |||
Long-term borrowings | 41,48,148 | 57,77,778 | - |
Deferred Tax Liabilities (Net) | 5,38,524 | 21,27,352 | 24,97,849 |
Other Long term liabilities | 6,15,272 | 35,91,574 | 30,41,392 |
Long-term provisions | 37,02,100 | 50,89,957 | 43,95,585 |
Current Liabilities | |||
Short-term borrowings | 6,81,58,590 | 31,57,947 | 2,12,66,864 |
Trade Payables | |||
Micro and Small Enterprises | 2,37,68,457 | 1,64,10,924 | 75,82,132 |
Others | 4,16,53,413 | 5,69,84,900 | 5,00,56,620 |
Other current liabilities | 10,29,38,043 | 8,34,67,944 | 6,12,17,234 |
Short-term provisions | 65,80,087 | 9,90,646 | 1,00,12,250 |
Total Liabilities | 80,54,56,625 | 51,57,35,955 | 39,17,38,050 |
ASSETS | |||
Non-current assets | |||
Property, Plant and Equipment | |||
Tangible Assets | 5,78,75,453 | 6,46,02,304 | 6,96,95,536 |
Intangible Assets | 21,511 | 21,511 | - |
Capital Work in Progress | 3,73,59,105 | 2,66,18,175 | 86,37,625 |
Non-current investments | 40,10,00,000 | 17,60,00,000 | 2,49,73,870 |
Long-term loans and advances | 6,05,31,706 | 1,33,00,578 | 7,56,57,590 |
Other non-current assets | 42,50,688 | 37,21,196 | 37,21,196 |
Current Assets | |||
Current Investments | - | 2,50,00,000 | 4,20,00,000 |
Inventories | 8,43,78,976 | 7,48,53,352 | 7,74,68,163 |
Trade Receivables | 10,68,67,135 | 10,42,04,758 | 8,37,69,343 |
Cash and cash equivalents | 4,52,07,986 | 1,86,74,774 | 5,42,834 |
Short-term loans and advances | 18,89,577 | 15,79,959 | 27,85,895 |
Other current assets | 60,74,488 | 71,59,348 | 24,85,998 |
Total Assets | 80,54,56,625 | 51,57,35,955 | 39,17,38,050 |
DIVIDEND AND RETAINED EARNINGS
(As of 31-03-2019 to 31-03-2021)
Particulars | 2021 | 2020 | 2019 |
Dividend | Nil | Nil | Nil |
PERFORMANCE OF THE COMPANY
Revenue from Operations decreased from Rs. 1,55,15,54,050 in FY 2020 to Rs. 1,40,21,49,181 in FY 2021, showing a decline of 9.63% as compared to previous financial year.
Finance Cost has decreased from Rs. 42,59,798 in FY 2020 to Rs. 9,89,730 in FY 2021.
In FY 2021, Company’s Net profit stood at Rs. 21,52,17,058, FY 2021 93.80% higher than Rs. 11,10,51,105 profit of FY 2020. Spike in Net profit is mainly due to the overall decline in expenses and an increase in other income & investment income.
The Current Ratio of the company as of 31st March 2021 was 1.00.
The debt to equity ratio of the company as of 31st March 2021 was 1.46.
In the Financial Year 2020-21, the company has not paid dividends.
Powered by Froala Editor
