market research report :cold chain market in india 2012
DESCRIPTION
For the complete report, get in touch with us at : [email protected] Growth in organized retail and the food processing sector drives the cold chain market in India. Further shift towards horticultural crops by farmers to evade risk boosts the demand for cold chain. Rising demand for cold storage in pharmaceutical sector is also driving the growth in cold chain market. Changing consumption pattern is expected to create huge demand for cold storage in India. The report begins with an introduction section, projecting the evolution of Cold Chain Market in India. It then shows the value chain of the cold chain market followed by its definition, segments and key activities. The different types of cold storage are then demonstrated. A flow of Cold Chain Logistics Services is also shown in this section. Market overview section provides a brief snapshot of the Cold Chain Market. This section includes the market size of the cold chain market in India in terms of cold storage and cold transportation, demonstrating the forecasted growth over the period 2010 - 2015. The opportunities for the players in providing cold chain facilities are also illustrated. The section then gives an overview of the surface storage market. The cold storage distribution in the country has been mapped along with the commodity wise distribution. Subsequently, the number of cold storage and their capacity as on 31st Dec, 2009 has been listed. Current ranking of India’s food production w.r.t global scenario are displayed. The impact of cold chain on shelf life of fruits & vegetables has been shown. Developments in refrigeration systems in cold storage has been shown followed by the other recent developments. An overview of the refrigerated transport market is given demonstrating the refrigerated transport process. Current & Future Scenario section deals with the investment opportunities and the private participation in cold chain market in India. Some major deals in cold chain market in India have been listed. Further some recent investments in the cold chain sector in India are also found. Drivers & challenges section in the report provides a comprehensive set of factors which boosts and hinders the growth in the market. An analysis of the section brings forth the key drivers fueling growth in the market including growth in organized retail, shift towards horticultural crops, growth in processed food sector, demand from pharmaceutical sector and the changing consumption pattern. While the challenges identified comprises of lack of logistical support, uneven distribution of cold chains, cost structure and deficit in power supply. Government initiative section emphasizes on the role of government in budget for cold chain sector. Further the government’s initiatives on terminal market, railways and port and shipping are also discussed. Then the schemes and the assistance by Ministry of Food Processing Industries, National HorticulturTRANSCRIPT
Cold Chain Market IndiaCold Chain Market – India
July 2012
Executive Summary
MarketCold chains have become extremely crucial for the improvement in the preservation process of agricultural production in IndiaThe market is expected to attain a CAGR close to xx% to reach a valuation worth INR xx bn by the end of 20‐‐ It is going to witness strong growth in capacity creation backed by government policies It is going to witness strong growth in capacity creation backed by government policies
Current & FutureScenario
Owing to the shortfalls in the existing cold chain infrastructure massive amounts of food grain, fruits and vegetables get wasted every year, thereby creating ample scope for vendorsPrivate participation is expected to raise the storage capacity of the sector by a large extentGovernment has classified cold chain as ‘infrastructure’ as announced in the 2011‐12 union
Drivers & Ch ll
Drivers:– Growth in Organized Retail– Shift towards Horticultural Crops
Challenges:– Lack of Logistical Support– Uneven Distribution of Cold Chains
Scenario Government has classified cold chain as infrastructure as announced in the 2011 12 union budget
Challenges
d
– Growth in Processed Food Sector – Demand from Pharmaceutical Sector– Changing Consumption Pattern
– Cost Structure– Deficit in Power Supply
Entry of Foreign Players Rail based ReefersTrends Rail based Reefers Cold Chains Facilities at AirportsBackward Integration
Major Players
2COLD CHAIN MARKET IN INDIA 2012.PPT
Competition Player A Player B Player C
Player D Player E Player F
•Introduction
•Market OverviewMarket Overview
•Current & Future Scenario
D i & Ch ll•Drivers & Challenges
•Government Initiatives
•Trends
•Competition
•Strategic Recommendation
•Appendix
3COLD CHAIN MARKET IN INDIA 2012.PPT
•Appendix
Cold chains help to preserve edible products by maintaining a consistent surrounding temperature
Supply / Procurement Storage Transport End‐customerTransport
xx xx xxxx xx
Cold Chain Definition
Segments
Segment 2Segment 1
xxxx
KeyActivities
Activity 2Activity 1
4COLD CHAIN MARKET IN INDIA 2012.PPT
Activities xxxx
Types of Cold Storage
Cold Stores
Type 1xx
Type 2xx
Type 3xx.
Type 4xx
Type 5xx
Type 6xx
Type 7 xx
5COLD CHAIN MARKET IN INDIA 2012.PPT
Cold Chain Logistics Services
xxxx
xx
xxCold Chain Logistics Services
Cold Chain Logistics Services
xx
xx
6COLD CHAIN MARKET IN INDIA 2012.PPT
xx
Cold chain market in India is going to witness strong growth in capacity creation backed by government policies
• Cold chain is an important infrastructure forenhancing the preservation process of agricultural
Cold Chain Market – Overview Market Size and Growth
400
INR bnz66productivity in India
• Cold chain comprises of mainly 2 activities – storageconsisting of about xx% of the market share andtransportation comprising about xx5%
100
200
300X%
y6
x6z5
y5
x5z4
y4
x4z3x3z2
x2z1x1
• Cold Chain market is expected to grow at about xx%CAGR from INR x bn in 20‐‐ to INR y bn in 20‐‐
• The last two announcements made by Governmentof India (GoI) in the last two union budgets will
0
100
20‐‐20‐‐20‐‐
y4
20‐‐
y3
20‐‐
y2
20‐‐
y1
x1
Segment BSegment A( ) gprimarily boost capacity creation Following the announcements several multinationalcorporations and PE firms have invested in cold chainservices
Market Segmentation (2011)
X%
Segment BSegment A
•With the actual production capacity being 10 timeshigher than the present storage capacity, Indiawitnesses huge spoilage of about xx% agriculturalproduce
X%
Segment B
Segment A
7COLD CHAIN MARKET IN INDIA 2012.PPT
Close to xx% of fruits and vegetables and 5% of food grainaccounting for approximately INR 500 bn get wasted inIndia on a yearly basis
Y%
Player’s Opportunity in Cold Storage Facility (1/2)
Huge scope to tap the cold chain market
in India by focusing on the improvement
in food processing as only xx% of fruits
and vegetables in India get processed as 70X3%
X2%
% Share
Processed Fruits & Vegetables
a d egetab es d a get p ocessed as
compared to xx% in USA and xx% in Brazil
30
40
50
60
0
10
20
X1%
Country A Country CCountry B
While xx% of fruit and vegetable
production in USA go through cold
storage, only xx% of it goes through in
Fruits & Vegetables going through Cold Storage
80Y2%
% Share
g , y g g
India
20
40
60
80
8COLD CHAIN MARKET IN INDIA 2012.PPT
0
20Y1%
Country A Country B
Government backing to boost the capacity creation for cold storages in India Surface Storage
• Surface storage accounts for majority of the coldchain services in India
d h d ld h
Surface Storage Market – Overview Cold Storages Distribution
• In 20‐‐, India had 5,386 cold storages with a capacityof about xx mn MT
•Majority of the cold storage facilities are utilized forpotato storage and are scattered in states of UP,Uttaranchal, Maharashtra & West Bengal
8%
5%, g•Over xx% cold storages are in the private sector• Cold storage infrastructure is set to undergo majorrevamp with government backing
30%2%
7% 5%
5%
6%
10%
Commodity Wise Distribution
9%
5%
2%
C i 2 % f l
Co od ty se st but o
x3%x4%
x6%Commodity AC dit B 3%
3%3%
Comprise 2 % of total cold storagesCommodity C
Commodity DCommodity E
x5%
Others
x1%x2%
Commodity B
9COLD CHAIN MARKET IN INDIA 2012.PPT
Others
Note: Figures are as on 31st Dec, 2009
Number of Cold Storage in India – State & Product wise (1/2)
Sl. No. States Potatoes MultipurposeFruits & Vegetable
Meat & Fish
Milk & Milk Products
OthersTotal No.
1Andaman & Nicobar Islands (UT)
xx xx xx xx xx xx Xx(UT)
2 Andhra Pradesh xx xx xx xx xx xx xx
3 Arunachal Pradesh xx xx xx xx xx xx xx
4 Assam xx xx xx xx xx xx xx
5 Bih5 Bihar xx xx xx xx xx xx xx
6 Chandigarh(UT) xx xx xx xx xx xx xx
7 Chhatisgarh xx xx xx xx xx xx xx
8 Delhi xx xx xx xx xx xx xx
9 Gujarat xx xx xx xx xx xx xx
10 Goa xx xx xx xx xx xx xx
11 Haryana xx xx xx xx xx xx xx
12 Himachal Pradesh xx xx xx xx xx xx xx
13 Jammu &Kashmir xx xx xx xx xx xx xx
14 Jharkhand xx xx xx xx xx xx xx
15 Kerala xx xx xx xx xx xx xx
16 Karnataka xx xx xx xx xx xx xx
10COLD CHAIN MARKET IN INDIA 2012.PPT
Note: Figures are as on 31st Dec, 2009
Current Rankings of India’s Food Production w.r.t Global Scenario
ction (M
T)
xx MT
xx MT
Food 2
India, holding a large food basket for global consumption creates huge demand for cold
Food
Produ
c
Food 1chain In order to
sustain the production trend
xx MT
Food 3
Rank1 2 3
xx
India’s positionIndia s position
in perishable food
production
in comparison
xx
xx
11COLD CHAIN MARKET IN INDIA 2012.PPT
with world xx
New players are now venturing into the more profitable refrigerated transport services Refrigerated
Transport
• Refrigerated transport involves usage of refrigeratedvehicles for transportation of goods
Refrigerated Transport Market – Overview Refrigerated Transport Process
Procurement
• Key products that move through reefers include Product A
Product B
Product C
Product D
Grading/Sorting/
Precooling/ Product D
Product E
Product F
• In terms of volume, current reefer transportationbusiness is about xx mn MT and is expected to reach
g/Packing
Refrigerated Transportpxx mn MT within xx years
• Refrigerated transport offers the largest margins incold chain logistics At least xx companies are offering refrigerated transport
i i I di
Refrigerated Transport
Cold Storagesservices in India
• Key players in this segment include Player A
Player B
Player CDomestic Supply Exports
12COLD CHAIN MARKET IN INDIA 2012.PPT
Player C
Major Deals in Cold Chain Market in India (2009‐2012)
Date Target Investor/Buyer StakeDeal size(INR mn)
Dealtype
Jun 20 Company A Company B xx xx xxJun 20‐‐ Company A Company B xx xx xx
Jun 20‐‐ Company C Company D xx xx xx
Feb 20‐‐ Company E Company F xx xx xx
Dec 20‐‐ Company G Company H xx xx xx
Dec 20‐‐ Company I Company J xx xx xx
Mar 20‐‐ Company K Company L xx xx xx
Aug 20‐‐ Company M Company N xx xx xx
Jul 20‐‐ Company O Company P xx xx xx
13COLD CHAIN MARKET IN INDIA 2012.PPT
JV – Joint Venture; PE – Private Equity; M&A – Mergers & Acquisitions
Focus on Investments
• Investment of INR xx bn is expected by 20‐‐ to set up
bottling plants and cold chain infrastructure in IndiaCompany X
bottling plants and cold chain infrastructure in India
•Planning to build cold chains at its existing plants in xx and in xx to increase xx
•Construction was planned to be completed by May Company Y
p p y y20‐‐
•Entered into the cold chain consultancy segment in
India in 20‐‐ with plans to deal with issues of storage,
transportation and delivery of perishable productsCompany Z
14COLD CHAIN MARKET IN INDIA 2012.PPT
Drivers & Challenges – Summary
Drivers
G th i O i d R t il
Challenges
Lack of Logistical Support
Growth in Organized Retail
Shift towards Horticultural Crops
Uneven Distribution of Cold chains
Cost Structure
Growth in Processed Food Sector
Demand from Pharmaceutical Sector
Deficit in Power Supply
Changing Consumption Pattern
15COLD CHAIN MARKET IN INDIA 2012.PPT
Growth in organized retail has created a demand for cold chains in India
•Finding 1
Growth in Organized Retail Impact
• Finding 1
• Finding 2
• Finding 3
• Finding 4
Growth in Organized Retail
10
12 x2
INR tn
xx
2
4
6
8
x1
16COLD CHAIN MARKET IN INDIA 2012.PPT
020‐‐ 20‐‐e
Shift towards horticultural crops by farmers to evade risk boosts the demand for cold chain
•Finding 1
Shift Towards Horticultural Crops Impact
•Finding 2
•Finding 3
Sub‐finding
Growth in Horticultural Crops
250 25
‘
x5x43
Area (in mn hectare)
150
200
x4x3x2x1
Production (in MT)
Area (in mn hectare)
0
50
100
0
17COLD CHAIN MARKET IN INDIA 2012.PPT
0 020‐‐20‐‐20‐‐20‐‐20‐‐
Food processing sector is the major target segment for cold chain market
•Finding 1
Growth in Processed Food Sector (1/2) Impact
• Finding 1
• Finding 2
• Finding 3
Growth in Food Processing Sector
INR tn
6
8
10 xx% x5x4
x3x2
x1
0
2
4
2020202020
18COLD CHAIN MARKET IN INDIA 2012.PPT
20‐‐e20‐‐e20‐‐e20‐‐e20‐‐
Food processing sector is expected to show huge growth in each of its segments
Growth in Processed Food Sector (2/2) Impact
Fruit & Vegetables DairyFruit & Vegetables
400
600
INR bn
x1%x3
Dairy
4 000
6,000
INR bn
x2% y3
0
200
400
20‐‐e20‐‐
x2
20‐‐
x1
0
2,000
4,000
20‐‐e20‐‐
y2
20‐‐
y1
20 e2020 20 e2020
Snack & ready to eat foods
INR bn
Marine Products
INR bn
200
400
600x3%
z3
z2 200
400
600
x4% m3
m2m1
19COLD CHAIN MARKET IN INDIA 2012.PPT
020‐‐ 20‐‐e20‐‐
z10
20‐‐e20‐‐20‐‐
m1
Rising demand for cold storage in pharmaceutical sector is pushing the growth in cold chain market in India
•Finding 1
•Finding 2
Demand from Pharmaceutical Sector Impact
•Finding 2
•Finding 3
Sub‐finding 1
Sub‐finding 2Sub finding 2
100
INR bn
x% x7
Growth in Vaccine Market Growth of Pharmaceutical Market
INR bn
2 500 y2
20
40
60
80
100 x% x7x6
x5x4x3x2
x1
2.500
2.000
1.500
1.000
500
y%y2
y1
20COLD CHAIN MARKET IN INDIA 2012.PPT
0
20
20‐‐e20‐‐e20‐‐e20‐‐e20‐‐e20‐‐e20‐‐e
500
020‐‐e20‐‐
Changing consumption pattern is expected to create huge demand for cold storage in India
•Finding 1
•Finding 2
Changing Consumption Pattern ImpactSales of Packaged Food (20‐‐)
g
•Finding 3
Sub‐finding 1
Sub‐finding 2
x4%
x1%
Sub‐finding 3
•Finding 4 x2%
x3%
WestNorth
SouthEast and Northeast
WestNorth
21COLD CHAIN MARKET IN INDIA 2012.PPT
Higher operating costs make setting up cold storages difficult and unviable
•Finding 1
Cost Structure Impact
• Finding 1
• Finding 2
• Finding 3
• Finding 4• Finding 4
Operating Cost per Cubic meter per year Share of Energy Expense of Total Cold Storage Expense
80
100
INR
x1
p g p p y
25
30
% Sharey1%
gy p g p
20
40
60x2
5
10
15
20
y2%
22COLD CHAIN MARKET IN INDIA 2012.PPT
0Western CountriesIndia
0Western CountriesIndia
Power shortage is expected to pose challenges for the development of the thriving cold chain market
•Finding 1
•Finding 2
Deficit in Power Supply Impact
•Finding 2
Sub‐finding 1
•Finding 3
Sub‐finding 2Sub finding 2
Future Power Demand‐Supply Scenario Demand Supply Gap ~ xx%
y1
y323%
x3
45%y2
x2
Base
Peak
GenerationAverage Energy Demand
600800Energy (BU)
2007 2012e 2017e
46%
Supply
y1
74%
26%
Demand
x1
59%41%
Supply
77%
Demand
55%
Supply
y2
76%24%
Demand
54%0
200400
XIXVIIIVIIVI
23COLD CHAIN MARKET IN INDIA 2012.PPT
Trends – Summary
Backward Integration Entry of foreign players
Key Trends
Cold Chains Facilities at Airport Rail based Reefers
24COLD CHAIN MARKET IN INDIA 2012.PPT
The market is dominated by the private sector with minimal presence of the public sector
z%y%• Investment and growth opportunity for cold chain is huge as it is still not yet developed in India
Competition – Overview Sector Wise Split – Surface Storage
Investments have been announced by Reliance, Bharti, ITC, Godrej, Tata, Aditya Birla Group and Future Group to offer a ready market for third‐party cold chain logistics players
• Cold chain capacity in the organized sector was around 60,000 tonnes in 2009
x%
Capacity additions & investments in next 3 years with existing players expanding capacities as well as new players
Highly capital intensive industry with an average payback period of around 5 years
• Distribution offers the largest margins in cold chain• Distribution offers the largest margins in cold chain logistics At least 50 companies are offering refrigerated transport services in India
• 3 types of companies operates in cold storage and
Sector C
Sector B
Sector A
transportation sector namely, Integrated Companies, Stand alone Companies and 3 PL Service Providers
•Major companies have shown interest in cold chain market in India, including Snowman Frozen Foods, Fresh and Healthy Enterprises and Apollo Everest
• More than 90% of the cold storage capacity in India is owned and maintained by the private sector
• Government of India encourages and supports the participation of private players to develop the highly capital intensive cold chain sector
bli i l i d i l i i i i
25COLD CHAIN MARKET IN INDIA 2012.PPT
Fresh and Healthy Enterprises and Apollo‐Everest Cool Solutions
• Public sector is also gearing up and actively participating in the development of cold chain solutions
Major Public Companies ‐ Summary
1 800
2,000
2,200
Net Profit/Loss
Size of the Bubble represents Market Capitalization in INR mn
1,200
1,400
1,600
1,800
m1
600
800
1,000
,
0
200
400
m3m2
‐200
‐1,000 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000
Total income
Player CPlayer BPlayer A
26COLD CHAIN MARKET IN INDIA 2012.PPT
Note: All figures are in INR mn and are based on the latest financials available
Public: Domestic Company – Player A (1/3)
Company Information Offices and Centres – India
Corporate Address
l
Tel No.
Fax No.
Website
Year of Incorporation
Products and Services
Head Office
West Bengal p
Ticker Symbol
Stock Exchange
Key People
Products and Services
Category Products/Services
Cold Chain Logistics
N D i tiName Designation
27COLD CHAIN MARKET IN INDIA 2012.PPT
i i l S h K i
Public: Domestic Company – Player A (2/3)
Financial Snapshot Key Ratios
Particulars y‐o‐y change (2011‐10)
2011 2010 2009 2008
Profitability RatiosOperating Margin 5.61 14.64% 9.03% 7.88% 16.85%
Net Profit/LossTotal Income
49 266.571.0
60
80
6
8
INR mnINR mn
Net Margin 0.55 1.94% 1.39% 1.03% 9.07%
Profit Before Tax Margin 0.53 2.98% 2.44% 1.91% 11.13%
Return on Equity 0.13 0.78% 0.65% 0.65% 6.44%
Return on Capital Employed 1.96 4.52% 2.57% 3.12% 7.48%
Return on Working Capital 0.57 1.24% 0.67% 0.72% 8.13%
Return on Assets 0.15 0.54% 0.38% 0.40% 3.77%
42.849.2
0
20
40
60
0
2
4
6
2011201020092008Financial Summary
• The company earned a net profit of INR xx mn in FY 2011, as compared to net profit of INR xx mn in FY 2010
• The company reported total income of INR xx mn in FY 2011, registering a decrease of xx% over FY 2010
Return on Fixed Assets 0.79 3.08% 2.28% 2.05% 17.56%
Cost RatiosOperating costs (% of Sales) ‐5.70 85.21% 90.91% 92.12% 83.15%
Administration costs (% of Sales)
‐1.29 2.56% 3.85% 2.30% 2.19%
Interest costs (% of Sales) 5.37 11.16% 5.79% 5.25% 5.31%registering a decrease of xx% over FY 2010
• The company earned an operating margin of xx% in FY 2011, an increase of xx percentage points over FY 2010
• The company reported debt to equity ratio of xx in FY 2011, a decrease of xx% over FY 2010
Interest costs (% of Sales)
Liquidity RatiosCurrent Ratio ‐77.19% 5.21 22.84 20.92 8.23
Cash Ratio ‐73.35% 3.47 13.00 8.85 4.96
Leverage RatiosDebt to Equity Ratio ‐33.83% 0.46 0.69 0.65 0.71
D b C i l R iKey Financial Performance Indicators
Indicators Value (09/07/2012)Market Capitalization (INR mn) XX
Total Enterprise Value (INR mn) 129.5
( )
Debt to Capital Ratio ‐35.04% 0.26 0.40 0.38 0.40
Interest Coverage Ratio ‐15.62% 1.33 1.57 1.50 3.17
Efficiency RatiosFixed Asset Turnover ‐3.78% 1.57 1.64 1.99 1.94
Asset Turnover ‐0.18% 0.27 0.27 0.39 0.42
Current Asset Turnover 11.72% 0.51 0.46 0.66 0.79
28COLD CHAIN MARKET IN INDIA 2012.PPT
EPS (INR) 0.29
PE Ratio (Absolute)‐10th July, 2012 26.62Working Capital Turnover 32.20% 0.63 0.48 0.70 0.90
Capital Employed Turnover ‐13.97% 0.40 0.46 0.64 0.71
Improved Decline
Public: Domestic Company – Player A (3/3)
Key Business Segments Key Geographic Segments
100%
Segment A
100%
India
100%
India is the only geographic segment in which the company has been operating for the last
five years
100%
50%
100% Segment A is the only business segment in which the company has been operating for the last
five years
100%
50%
100%
Business Highlights
0%2011
0%2011
Description News
Overview
Name Change
29COLD CHAIN MARKET IN INDIA 2012.PPT
Major Private Companies ‐ Summary
Size of the Bubble represents Total Assets in 50
60
Net Profit/Loss
INR mn
20
30
40
50
t2
‐10
0
10
t4t3
50
‐40
‐30
‐20
t1
‐60
‐50
0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 2,600 2,800 3,000 3,200
Total income
Player GPlayer FPlayer EPlayer D
30COLD CHAIN MARKET IN INDIA 2012.PPT
Note: All figures are in INR mn and are based on the latest financials available
Player GPlayer FPlayer EPlayer D
Private: Domestic Company ‐ Player B (1/3)
Company Information Offices and Centres – India
Corporate Address
Tel No.
Fax No.
Products and Services
Website
Year of IncorporationMumbai Head Office
Key People
Products and Services
Category Products/Services
Air Freight and LogisticsN D i ti
g gName Designation
31COLD CHAIN MARKET IN INDIA 2012.PPT
i i l S h K i
Private: Domestic Company ‐ Player B (2/3)
Financial Snapshot Key Ratios
Particulars y‐o‐y change (2011‐10)
2011 2010 2009 2008
Profitability RatiosOperating Margin 91.41 180.87% 89.46% 87.23% 88.08%
Total Income Net Profit/Loss
2938.5
2500
3000 10
INR mn INR mn
Net Margin 0.65 ‐1.28% ‐1.93% 0.13% ‐2.16%
Profit Before Tax Margin ‐0.39 0.11% 0.50% 0.48% ‐3.99%
Return on Equity 0.25 ‐5.69% ‐5.94% 0.97% ‐12.23%
Return on Capital Employed 248.97 443.85% 194.88% ‐436.01% ‐149.64%
Return on Working Capital 1.24 ‐5.80% ‐7.04% ‐1.35% 7.00%
Return on Assets 0.68 ‐1.97% ‐2.65% 0.38% ‐12.23%
2033.7
500
1000
1500
2000
2500
‐30
‐20
‐10
01936.7
1129.5
Return on Fixed Assets 1.42 ‐3.12% ‐4.54% 0.33% ‐5.21%
Cost RatiosOperating costs (% of Sales) ‐89.61 ‐82.09% 7.52% 12.61% 11.71%
Administration costs (% of Sales)
0.91 8.43% 7.52% 9.08% 7.46%
Interest costs (% of Sales) ‐0.42 1.78% 2.21% 1.26% 0.14%Financial Summary
0
500
‐40
30
20112009 20102008
Interest costs (% of Sales) % % % %
Liquidity RatiosCurrent Ratio ‐5.41% 1.91 2.02 0.82 0.60
Cash Ratio ‐48.80% 0.11 0.21 0.01 0.02
Leverage RatiosDebt to Equity Ratio 52.28% 1.89 1.24 1.48 0.00
b i l i
• The company incurred a net loss of INR xx mn in FY 2011, as compared to net loss of INR xx mn in FY 2010
• The company reported total income of INR xx mn in FY 2011, registering an increase of xx% over FY 2010
Debt to Capital Ratio 18.09% 0.65 0.55 0.60 0.00
Interest Coverage Ratio 143.76% 102.23 41.94 69.43 640.18
Efficiency RatiosFixed Asset Turnover 6.65% 2.43 2.28 2.64 2.40
Asset Turnover 15.06% 1.53 1.33 3.07 5.63
Current Asset Turnover 20.56% 2.15 1.78 2.31 2.19
• The company earned an operating margin of xx% in FY 2011, an increase of xx percentage points over FY 2010
• The company reported debt to equity ratio of xxin FY 2011, an increase of xx% over FY 2010
32COLD CHAIN MARKET IN INDIA 2012.PPT
Working Capital Turnover 27.71% 4.51 3.53 ‐10.79 ‐3.23
Capital Employed Turnover 48.37% 4.42 2.98 7.73 5.63
Improved Decline
Private: Domestic Company ‐ Player B (3/3)
Business Highlights
Description News
Overview
Plans
FundsFunds
33COLD CHAIN MARKET IN INDIA 2012.PPT
Strategic Recommendation (1/2)
An integrated cold chain infrastructure covering major production areas, processing units and distribution centers should include the following:
xx xx
With integrated cold chains and supply chain management, an amount of INR xx bn can be saved every year
by cutting xx% wastage of perishable horticulture produce, besides generating further export revenue of over INR xx bn
34COLD CHAIN MARKET IN INDIA 2012.PPT
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35COLD CHAIN MARKET IN INDIA 2012.PPT
Disclaimer: This report is published for general information only. Although high standards have been used in the preparation, Netscribes is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes and prior permission is required for guidelines on reproduction.