Supermarket Grocery Supplies Limited Unlisted Shares - Company Overview
Big Basket, a leading Indian online grocery delivery service, was founded in 2011 by Hari Menon, Vipul Parekh, Abhinay Choudhari, VS Sudhakar, and VS Ramesh. The company, registered under Supermarket Grocery Supplies Pvt. Ltd., is headquartered in Bengaluru. It offers a wide range of products, including fresh fruits, vegetables, staples, beverages, and household essentials. Leveraging a tech-driven platform, Big Basket provides convenient home delivery, subscription services, and express delivery options. In 2021, it became a part of the Tata Group, significantly expanding its market reach and operational capabilities. It is known for its quality assurance and customer-centric services.
Supermarket Grocery Supplies Limited Share Price, Share Details as of March 31, 2024
| Supermarket Grocery Supplies Limited Outstanding Shares: | 1,117,059,964 |
| Face Value of Supermarket Grocery Supplies Share: | Rs.1 Per Equity Share |
| ISIN of Supermarket Grocery Supplies Limited Share: | INE058T01010 |
| Lot Size of Supermarket Grocery Supplies Share: | 100 |
| Supermarket Grocery Supplies Share Price: | Best In Industry |
| PAN Number of Supermarket Grocery Supplies : | AAQCS4503H |
Supermarket Grocery Supplies Limited Incorporation Details
| Supermarket Grocery Supplies Limited CIN Number | U51909KA2011PTC060707 |
| Supermarket Grocery Supplies Limited Registration Date | 7-Oct-11 |
| Category / Sub-Category of Supermarket Grocery Supplies Limited | Public Companies having a share capital |
| Supermarket Grocery Supplies Limited Registered Office Address | SUPERMARKET GROCERY SUPPLIES PRIVATE LIMITED, 7 SERVICE ROAD, DOMLUR 100 FEET ROAD , INDIRANAGAR, BANGALORE 560071. |
| Supermarket Grocery Supplies Limited Registrar & Transfer Agent Address | KFin Technologies Limited Selenium, Tower B, Plot No-31 & 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Rangareddi – 500032, Telangana, India |
Supermarket Grocery Supplies Limited Board of Directors
| Board Of Directors | Post |
| SNEHA SINGH | Company Secretary |
| VELLORE SUNDARRAJAN SUDHAKAR | Whole-time director |
| SANJEEV AGGARWAL | Nominee Director |
| VISHAL VIJAY GUPTA | Nominee Director |
| SAURABH MAHESH AGRAWAL | Director |
| MENON HARI | Director |
| NAVEEN TAHILYANI | Additional Director |
| AARTHI SUBRAMANIAN | Director |
| ANKUR VERMA | Director |
Supermarket Grocery Supplies Limited Consolidated Balance Sheet (Rs In Crores)
| Particulars | 31-03-2024 | 31-03-2023 |
| Assets | ||
| Non-current assets | ||
| Property, plant and equipment | 1,235.8 | 1,389.5 |
| Capital work-in-progress | 0.5 | 3.2 |
| Goodwill | 1,470.5 | 1,470.5 |
| Other intangible assets | 42.6 | 64.5 |
| Other non-current financial assets | 63.2 | 60.0 |
| Other non-current assets | 32.8 | 36.5 |
| Current assets | ||
| Inventories | 688.3 | 558.3 |
| Current investments | 0.0 | 20.0 |
| Trade receivables, current | 66.8 | 36.8 |
| Cash and cash equivalents | 37.3 | 59.8 |
| Bank balance other than cash and cash equivalents | 6.4 | 11.2 |
| Loans, current | 0.0 | 76.2 |
| Other current financial assets | 208.1 | 114.9 |
| Other current assets | 508.6 | 463.7 |
| Total assets | 4,360.8 | 4,365.1 |
| Equity and liabilities | ||
| Equity share capital | 11.2 | 11.2 |
| Other equity | 868.5 | 2,191.7 |
| Non-controlling interest | 0.0 | 0.0 |
| Liabilities | ||
| Non-current liabilities | ||
| Borrowings, non-current | 94.9 | 101.8 |
| Other non-current financial liabilities | 719.1 | 837.0 |
| Provisions, non-current | 93.7 | 81.1 |
| Other non-current liabilities | 0.0 | 1.1 |
| Current liabilities | ||
| Borrowings, current | 1,486.9 | 104.8 |
| Trade payables, current | 767.2 | 700.5 |
| Other current financial liabilities | 185.8 | 204.9 |
| Other current liabilities | 108.8 | 107.1 |
| Provisions, current | 24.7 | 23.8 |
| Total equity and liabilities | 4,360.8 | 4,365.1 |
Supermarket Grocery Supplies Limited Consolidated Profit & Loss Statement (Rs In Crores)
| Particulars | 31-03-2024 | 31-03-2023 |
| Income | ||
| Revenue from operations | 10061.92 | 9468.50 |
| Other income | 37.89 | 30.82 |
| Total income | 10099.81 | 9499.31 |
| Expenses | ||
| Purchases of stock-in-trade | 8339.51 | 8016.08 |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | -129.91 | -79.26 |
| Employee benefit expense | 936.59 | 1060.79 |
| Finance costs | 152.51 | 128.84 |
| Depreciation, depletion and amortisation expense | 313.83 | 324.32 |
| Other expenses | 1902.57 | 1833.97 |
| Total expenses | 11515.09 | 11284.73 |
| Total profit before tax | -1415.29 | -1785.42 |
| Total tax expense | 0.00 | 0.00 |
| Total profit (loss) for period from continuing operations | -1415.29 | -1785.42 |
| Total profit (loss) for period | -1415.29 | -1785.42 |
| Profit or loss, attributable to owners of parent | -1423.04 | -1785.41 |
| Profit or loss, attributable to non-controlling interests | ||
| Comprehensive income OCI components presented net of tax | ||
| Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans | -7.76 | -2.77 |
| Total other comprehensive income | -7.76 | -2.77 |
| Total comprehensive income | -1423.05 | -1788.18 |
| Comprehensive income, attributable to owners of parent | -1423.04 | -1788.17 |
| Comprehensive income, attributable to non-controlling interests | ||
| Earnings per share | ||
| Basic earnings (loss) per share from continuing operations | -107.35 | -142.95 |
| Diluted earnings (loss) per share from continuing operations | -107.35 | -142.95 |
Supermarket Grocery Supplies Limited Consolidated Cash Flow Statement (Rs In Crores)
| Particulars | 31-03-2024 | 31-03-2023 |
| Cash flows from operating activities | ||
| Profit before tax | -1415.287 | -1785.415 |
| Adjustments for reconcile profit (loss) | ||
| Adjustments for finance costs | 152.509 | 128.836 |
| Adjustments for decrease (increase) in inventories | -129.911 | -79.263 |
| Adjustments for decrease (increase) in trade receivables | -35.387 | -23.921 |
| Adjustments for decrease (increase) in other non-current assets | -44.770 | -115.011 |
| Adjustments for other financial assets, non-current | -0.325 | -12.324 |
| Adjustments for other financial assets, current | -87.068 | -40.008 |
| Adjustments for increase (decrease) in trade payables | 66.662 | 98.116 |
| Adjustments for depreciation and amortisation expense | 313.826 | 324.318 |
| Adjustments for provisions, current | 5.785 | 9.283 |
| Adjustments for other financial liabilities, current | -5.160 | -3.023 |
| Adjustments for interest income | 16.185 | 11.677 |
| Adjustments for share-based payments | 100.396 | 161.961 |
| Other adjustments for non-cash items | -7.562 | 1.557 |
| Total adjustments for reconcile profit (loss) | 312.810 | 438.843 |
| Net cash flows from (used in) operations | -1102.476 | -1346.573 |
| Income taxes paid (refund) | 0.953 | 6.554 |
| Net cash flows from (used in) operating activities | -1103.429 | -1353.127 |
| Cash flows from investing activities | ||
| Proceeds from sales of property, plant and equipment | 4.232 | 1.127 |
| Purchase of property, plant and equipment | -104.913 | -233.533 |
| Proceeds from sales of other long-term assets | 20.329 | 2142.323 |
| Purchase of other long-term assets | 0.000 | -2150.000 |
| Cash advances and loans made to other parties | 0.000 | -150.000 |
| Cash receipts from repayment of advances and loans made to other parties | 76.247 | 73.753 |
| Interest received | 2.180 | 11.642 |
| Other inflows (outflows) of cash | -1.904 | 0.115 |
| Net cash flows from (used in) investing activities | -3.829 | -304.573 |
| Cash flows from financing activities | ||
| Proceeds from issuing other equity instruments | -0.534 | 1862.469 |
| Payments to acquire or redeem entity 's shares | 0.000 | -30.243 |
| Proceeds from borrowings | 2730.000 | 840.000 |
| Repayments of borrowings | -1354.810 | -783.441 |
| Payments of lease liabilities | -216.426 | -210.288 |
| Interest paid | -73.448 | -44.690 |
| Net cash flows from (used in) financing activities | 1084.782 | 1633.806 |
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | -22.476 | -23.894 |
| Net increase (decrease) in cash and cash equivalents | -22.476 | -23.894 |
| Cash and cash equivalents at end of period | 37.297 | 5.977 |
Here is the summary of cash flow statement for the financial year ending 2024 and 2023:
The company reported a loss before tax of ₹1,415.29 crores for FY 2024, which is an improvement from the loss of ₹1,785.42 crores in FY 2023. This indicates a reduction in the operational loss, suggesting some recovery in the business operations. However, the company is still incurring losses before tax.
Finance costs, which reflect the company 's borrowing expenses, increased to ₹152.51 crores in FY 2024, compared to ₹128.84 crores in FY 2023. This rise in finance costs may be due to higher borrowings or increased interest rates.
Changes in working capital also played a role in the cash flow. Inventories saw an increase of ₹129.91 crores in FY 2024, compared to ₹79.26 crores in FY 2023, indicating that the company may have higher stock levels or slower-moving goods. Similarly, trade receivables increased by ₹35.39 crores in FY 2024, compared to ₹23.92 crores in FY 2023, suggesting that more money was owed by customers, potentially due to delays in collections. Other non-current assets decreased by ₹44.77 crores in FY 2024, a smaller decrease than ₹115.01 crores in FY 2023, indicating some recovery in cash from long-term assets. Financial assets also saw a decrease, particularly in current financial assets, which fell by ₹87.07 crores in FY 2024, compared to ₹40.01 crores in FY 2023.
Depreciation and amortization expenses were ₹313.83 crores in FY 2024, down from ₹324.32 crores in FY 2023. Since depreciation is a non-cash expense, it reduces taxable income but does not impact the actual cash flow. Share-based payments also decreased to ₹100.40 crores in FY 2024 from ₹161.96 crores in FY 2023, indicating a reduction in the issuance of stock-based compensation.
After adjustments, the company recorded a net cash outflow of ₹1,102.48 crores in FY 2024, an improvement from the outflow of ₹1,346.57 crores in FY 2023. Despite the negative cash flow, this reflects a better performance compared to the previous year. The income taxes paid were minimal, at ₹0.95 crores in FY 2024, compared to ₹6.55 crores in FY 2023, likely due to reduced taxable income from losses.
In terms of investing activities, the company generated ₹4.23 crores from the sale of property, plant, and equipment in FY 2024, compared to ₹1.13 crores in FY 2023, reflecting more asset disposals. The company spent ₹104.91 crores on purchasing property, plant, and equipment in FY 2024, down from ₹233.53 crores in FY 2023, indicating lower capital expenditures. There were also proceeds of ₹20.33 crores from the sale of other long-term assets in FY 2024, a sharp decline from ₹2,142.32 crores in FY 2023. This suggests a significant reduction in asset disposals, which may have been substantial in the prior year. Additionally, no cash advances or loans were made in FY 2024, while ₹150.00 crores was advanced in FY 2023. The company did receive ₹76.25 crores in loan repayments, slightly higher than ₹73.75 crores in FY 2023. Interest received was ₹2.18 crores in FY 2024, a decrease from ₹11.64 crores in FY 2023.
Net cash used in investing activities was ₹3.83 crores in FY 2024, significantly lower than ₹304.57 crores in FY 2023, indicating a decrease in cash outflows for investments.
Regarding financing activities, the company raised ₹0.53 crores from issuing equity instruments in FY 2024, a sharp decline from ₹1,862.47 crores in FY 2023. This reflects that there were no significant equity issuances during FY 2024. On the other hand, the company repaid ₹1,354.81 crores in borrowings in FY 2024, up from ₹783.44 crores in FY 2023, showing an increased effort to reduce debt. Borrowings also increased by ₹2,730.00 crores in FY 2024, compared to ₹840.00 crores in FY 2023, indicating the company raised more debt in FY 2024 to finance its operations or investments. Payments for lease liabilities were ₹216.43 crores in FY 2024, compared to ₹210.29 crores in FY 2023, showing stability in this cash outflow. Interest payments increased to ₹73.45 crores in FY 2024 from ₹44.69 crores in FY 2023, reflecting the higher cost of servicing the increased debt.
The net cash inflow from financing activities was ₹1,084.78 crores in FY 2024, compared to ₹1,633.81 crores in FY 2023. Although the company raised a significant amount of debt, the net financing cash inflow was lower than in FY 2023.
Despite the inflows from financing activities, the company recorded a net decrease of ₹22.48 crores in cash and cash equivalents for FY 2024, compared to a decrease of ₹23.89 crores in FY 2023, indicating a relatively stable cash position but with a slight decline over the period. The company’s cash and cash equivalents at the end of FY 2024 stood at ₹37.30 crores, a substantial improvement from ₹5.98 crores in FY 2023. This suggests that the company improved its liquidity position by the end of the fiscal year, despite operational losses.
In conclusion, the company faced challenges with operating losses but showed improvements in cash management and financing activities during FY 2024. The company increased its borrowings, reduced investment outflows, and improved its liquidity position, resulting in a slight increase in cash and cash equivalents by the end of the period. However, challenges in operations and working capital management persist.
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