Income Statement Tasty Dairy Specialities Limited

Stocks

TDSL6

INE773Y01014

Food Processing

Market Closed - Bombay S.E. 06:02:31 2026-09-28 EDT			5-day change	1st Jan Change
4.150 ^INR	+1.97%		0.00%	-42.12%

08-11	Tasty Dairy Specialities Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
05-12	Tasty Dairy Specialities Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI

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Published financial data: TASTY DAIRY SPECIALITIES LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Revenues	3.28B	1.62B	1.11B	399M	64.43M
Other Revenues, Total	-	-	-	-	-
Total Revenues	3.28B	1.62B	1.11B	399M	64.43M
Cost of Goods Sold, Total	3.26B	1.85B	1.05B	654M	61.46M
Gross Profit	20.4M	-234M	63.6M	-255M	2.97M
Selling General & Admin Expenses, Total	35.25M	32.24M	17.58M	11.99M	5.22M
Provision for Bad Debts	700K	49K	-	-	-
Depreciation & Amortization - (IS)	18.35M	13.24M	13.37M	21.6M	17.27M
Other Operating Expenses	120M	72.11M	75.48M	323M	8.73M
Other Operating Expenses, Total	174M	118M	106M	357M	31.22M
Operating Income	-154M	-352M	-42.83M	-612M	-28.25M
Interest Expense, Total	-49.23M	-61.46M	-54.6M	-72.95M	-69.32M
Interest And Investment Income	1.8M	1.86M	2.25M	1.46M	186K
Net Interest Expenses	-47.43M	-59.61M	-52.35M	-71.5M	-69.14M
Other Non Operating Income (Expenses)	-693K	-1.63M	-439K	69K	-150K
EBT, Excl. Unusual Items	-202M	-413M	-95.61M	-683M	-97.53M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	16.96M	3.98M	66K	-	125K
Other Unusual Items	-	2.76M	102M	-	-
EBT, Incl. Unusual Items	-185M	-406M	6.66M	-683M	-97.41M
Income Tax Expense	-46.85M	-116M	7.58M	-175M	1.91M
Earnings From Continuing Operations	-138M	-290M	-915K	-508M	-99.31M
Net Income to Company	-138M	-290M	-915K	-508M	-99.31M
Net Income - (IS)	-138M	-290M	-915K	-508M	-99.31M
Net Income to Common Incl Extra Items	-138M	-290M	-915K	-508M	-99.31M
Net Income to Common Excl. Extra Items	-138M	-290M	-915K	-508M	-99.31M
Per Share Items
Net EPS - Basic	-6.77	-14.18	-0.04	-24.87	-4.86
Basic EPS - Continuing Operations	-6.77	-14.18	-0.04	-24.87	-4.86
Basic Weighted Average Shares Outstanding	20.43M	20.43M	20.43M	20.43M	20.43M
Net EPS - Diluted	-6.77	-14.18	-0.04	-24.87	-4.86
Diluted EPS - Continuing Operations	-6.77	-14.18	-0.04	-24.87	-4.86
Diluted Weighted Average Shares Outstanding	20.43M	20.43M	20.43M	20.43M	20.43M
Normalized Basic EPS	-6.18	-12.63	-2.93	-20.9	-2.98
Normalized Diluted EPS	-6.18	-12.63	-2.93	-20.9	-2.98
Supplemental Items
EBITDA	-138M	-339M	-29.54M	-590M	-11.06M
EBITA	-154M	-352M	-42.83M	-612M	-28.25M
EBIT	-154M	-352M	-42.83M	-612M	-28.25M
EBITDAR	-137M	-338M	-28.77M	-590M	-11.03M
Total Revenues (As Reported)	3.3B	1.62B	1.12B	400M	64.76M
Effective Tax Rate - (Ratio)	25.3	28.66	113.73	25.62	-1.96
Total Current Taxes	1.29M	17K	694K	-	-
Total Deferred Taxes	-48.14M	-116M	6.88M	-176M	1.91M
Normalized Net Income	-126M	-258M	-59.76M	-427M	-60.96M
Interest Capitalized	352K	4.61M	4M	-	-
Interest on Long-Term Debt	1.4M	244K	5K	5K	4K
Non-Cash Pension Expense	86K	95K	108K	104K	298K
Supplemental Operating Expense Items
Advertising Expense	1.46M	1.16M	927K	1.01M	100K
Selling and Marketing Expenses	1.46M	1.16M	927K	1.01M	100K
Net Rental Expense, Total	1.02M	1.21M	764K	436K	28K
Imputed Operating Lease Interest Expense	719K	965K	535K	379K	22.53K
Imputed Operating Lease Depreciation	304K	248K	229K	57.24K	5.47K
Maintenance & Repair Expenses, Total	4.64M	2.77M	1.55M	1.38M	95K

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Assets
Cash And Equivalents	7.29M	1.7M	2.54M	1.31M	345K
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	7.29M	1.7M	2.54M	1.31M	345K
Accounts Receivable, Total	340M	323M	299M	8.81M	8.91M
Other Receivables	342K	95K	2K	1K	-
Total Receivables	340M	323M	299M	8.81M	8.91M
Inventory	605M	291M	306M	8.74M	3.85M
Prepaid Expenses	619K	-	-	564K	193K
Other Current Assets, Total	77.56M	78.91M	68.94M	55.05M	55.1M
Total Current Assets	1.03B	694M	676M	74.48M	68.4M
Gross Property Plant And Equipment	379M	399M	403M	403M	396M
Accumulated Depreciation	-225M	-233M	-246M	-268M	-278M
Net Property Plant And Equipment	154M	166M	157M	135M	118M
Long-term Investments	51K	51K	51K	51K	51K
Deferred Tax Assets Long-Term	52.2M	169M	162M	337M	336M
Other Long-Term Assets, Total	48.87M	39.77M	30.42M	27.54M	26.19M
Total Assets	1.29B	1.07B	1.03B	575M	548M
Liabilities
Accounts Payable, Total	55.24M	54.57M	60.1M	56.15M	54.7M
Accrued Expenses, Total	7.05M	9.83M	6.79M	6.63M	7.74M
Short-term Borrowings	540M	549M	196M	209M	235M
Current Portion of Long-Term Debt	24.64M	61.43M	81.64M	150M	160M
Current Portion of Leases	2.02M	-	-	-	-
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	7.84M	5.82M	7.1M	3.77M	106M
Total Current Liabilities	637M	681M	352M	425M	564M
Long-Term Debt	46.44M	89.94M	361M	346M	279M
Long-Term Leases	14.97M	57K	58K	60K	64K
Pension & Other Post Retirement Benefits	1.26M	967K	1.03M	1.94M	2.12M
Deferred Tax Liability Non Current	-	-	-	-	-
Other Non Current Liabilities	-	-	-	-1K	-
Total Liabilities	700M	772M	714M	773M	845M
Common Stock, Total	204M	204M	204M	204M	204M
Additional Paid In Capital	174M	174M	174M	174M	174M
Retained Earnings	207M	-82.69M	-83.61M	-592M	-691M
Comprehensive Income and Other	538K	575K	16.12M	14.46M	14.99M
Total Common Equity	586M	297M	311M	-199M	-297M
Total Equity	586M	297M	311M	-199M	-297M
Total Liabilities And Equity	1.29B	1.07B	1.03B	575M	548M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20.43M	20.43M	20.43M	20.43M	20.43M
ECS Total Common Shares Outstanding	20.43M	20.43M	20.43M	20.43M	20.43M
Book Value / Share	28.69	14.52	15.23	-9.72	-14.55
Tangible Book Value	586M	297M	311M	-199M	-297M
Tangible Book Value Per Share	28.69	14.52	15.23	-9.72	-14.55
Total Debt	628M	701M	639M	705M	674M
Net Debt	621M	699M	637M	703M	674M
Debt Equivalent of Unfunded Proj. Benefit Obligation	1.35M	1.55M	1.39M	4.11M	4.71M
Debt Equivalent Oper. Leases	8.18M	9.7M	6.11M	3.49M	224K
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	55.95M	7.98M	4.45M	971K	1.21M
Inventories - Work In Process, Total	311K	3.96M	311K	-	-
Inventories - Finished Goods, Total	548M	279M	301M	7.77M	2.65M
Land - (BS)	16.83M	16.77M	16.77M	16.77M	16.77M
Buildings, Total	84.3M	84.3M	84.3M	84.3M	84.3M
Machinery, Total	219M	219M	296M	296M	289M
Accumulated Allowance for Doubtful Accounts (Supple)	48.76M	66.25M	83.18M	375M	375M

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Net Income	-138M	-290M	-915K	-508M	-99.31M
Depreciation & Amortization - CF	18.35M	13.24M	13.37M	21.6M	17.27M
Depreciation & Amortization, Total	18.35M	13.24M	13.37M	21.6M	17.27M
(Gain) Loss From Sale Of Asset	-16.95M	-3.98M	-66K	-	-125K
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Provision and Write-off of Bad Debts	-	17.49M	16.93M	302M	11K
Other Operating Activities, Total	-5.42M	-54.72M	77.79M	-103M	71.93M
Change In Accounts Receivable	189M	-353K	6.65M	-11.99M	-112K
Change In Inventories	55.43M	314M	-15.11M	297M	4.89M
Change In Accounts Payable	-125M	-666K	5.53M	-3.95M	-1.46M
Change in Other Net Operating Assets	-46.16M	5.49M	-625K	159M	104M
Cash from Operations	-69.02M	843K	104M	153M	97.01M
Capital Expenditure	-40.69M	-39.08M	-4.16M	-	-
Sale of Property, Plant, and Equipment	18.69M	4.05M	75K	-	487K
Investment in Marketable and Equity Securities, Total	10M	-	8.58M	-87K	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-
Other Investing Activities, Total	4.47M	2.58M	2.25M	1.76M	1.54M
Cash from Investing	-7.53M	-32.45M	6.74M	1.67M	2.02M
Short Term Debt Issued, Total	93.04M	46.06M	-	-	36.09M
Long-Term Debt Issued, Total	36.39M	43.51M	286M	-	-
Total Debt Issued	129M	89.57M	286M	-	36.09M
Short Term Debt Repaid, Total	-	-	-333M	-69.24M	-
Long-Term Debt Repaid, Total	-1.65M	-408K	-	-15.37M	-66.61M
Total Debt Repaid	-1.65M	-408K	-333M	-84.61M	-66.61M
Issuance of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-50.9M	-63.14M	-63.01M	-71.39M	-69.48M
Cash from Financing	76.88M	26.02M	-109M	-156M	-100M
Miscellaneous Cash Flow Adjustments	-	-1K	-	-	-1K
Net Change in Cash	328K	-5.6M	847K	-1.23M	-967K
Supplemental Items
Cash Interest Paid	50.9M	63.14M	63.01M	72.95M	69.32M
Cash Income Tax Paid (Refund)	8.45M	-1.76M	-8.56M	-93K	-
Levered Free Cash Flow	-54.63M	46.76M	-29.39M	188M	63.8M
Unlevered Free Cash Flow	-23.86M	85.18M	4.73M	234M	107M
Change In Net Working Capital	-94.72M	-331M	-22.3M	-594M	-108M
Net Debt Issued / Repaid	128M	89.16M	-46.44M	-84.61M	-30.52M

Fiscal Period: March	2021 (INR)	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)
Profitability
Return on Assets	-7.04	-18.66	-2.56	-47.79	-3.15
Return on Total Capital	-7.89	-19.87	-2.75	-52.5	-4
Return On Equity %	-21.1	-65.61	-0.3	-901.32	40.06
Return on Common Equity	-21.1	-65.61	-0.3	-901.32	40.06
Margin Analysis
Gross Profit Margin %	0.62	-14.48	5.71	-63.99	4.61
SG&A Margin	1.07	2	1.58	3.01	8.11
EBITDA Margin %	-4.21	-20.97	-2.65	-148.08	-17.16
EBITA Margin %	-4.69	-21.76	-3.84	-153.48	-43.84
EBIT Margin %	-4.69	-21.76	-3.84	-153.48	-43.84
Income From Continuing Operations Margin %	-4.22	-17.93	-0.08	-127.48	-154.15
Net Income Margin %	-4.22	-17.93	-0.08	-127.48	-154.15
Net Avail. For Common Margin %	-4.22	-17.93	-0.08	-127.48	-154.15
Normalized Net Income Margin	-3.85	-15.97	-5.36	-107.12	-94.62
Levered Free Cash Flow Margin	-1.67	2.89	-2.64	47.16	99.02
Unlevered Free Cash Flow Margin	-0.73	5.27	0.42	58.6	166.27
Asset Turnover
Asset Turnover	2.4	1.37	1.06	0.5	0.11
Fixed Assets Turnover	22.73	10.09	6.9	2.73	0.51
Receivables Turnover (Average Receivables)	7.55	4.87	3.58	2.59	7.27
Inventory Turnover (Average Inventory)	5.16	4.13	3.52	4.16	9.76
Short Term Liquidity
Current Ratio	1.62	1.02	1.92	0.18	0.12
Quick Ratio	0.55	0.48	0.86	0.02	0.02
Operating Cash Flow to Current Liabilities	-0.11	0	0.29	0.36	0.17
Days Sales Outstanding (Average Receivables)	48.33	74.88	101.88	141.45	50.19
Days Outstanding Inventory (Average Inventory)	70.79	88.33	103.56	88.03	37.41
Average Days Payable Outstanding	13.39	13.05	19.63	59.65	357.66
Cash Conversion Cycle (Average Days)	105.73	150.16	185.8	169.83	-270.07
Long Term Solvency
Total Debt/Equity	107.15	236.24	205.32	-354.95	-226.74
Total Debt / Total Capital	51.73	70.26	67.25	139.22	178.9
LT Debt/Equity	10.47	30.34	116	-174.15	-93.88
Long-Term Debt / Total Capital	5.06	9.02	37.99	68.31	74.07
Total Liabilities / Total Assets	54.41	72.24	69.64	134.55	154.26
EBIT / Interest Expense	-3.13	-5.72	-0.78	-8.38	-0.41
EBITDA / Interest Expense	-2.76	-5.5	-0.54	-8.09	-0.16
(EBITDA - Capex) / Interest Expense	-3.58	-6.14	-0.62	-8.09	-0.16
Total Debt / EBITDA	-4.63	-2.07	-21.69	-1.19	-61.4
Net Debt / EBITDA	-4.58	-2.07	-21.61	-1.19	-61.36
Total Debt / (EBITDA - Capex)	-3.56	-1.86	-19.01	-1.19	-61.4
Net Debt / (EBITDA - Capex)	-3.52	-1.85	-18.93	-1.19	-61.36
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-18.64	-50.75	-31.02	-64.23	-83.84
Gross Profit, 1 Yr. Growth %	-92.08	-1.25K	-127.19	-501.01	-101.16
EBITDA, 1 Yr. Growth %	-212.06	145.26	-91.28	1.9K	-98.13
EBITA, 1 Yr. Growth %	-244.27	128.28	-87.82	1.33K	-95.38
EBIT, 1 Yr. Growth %	-244.27	128.28	-87.82	1.33K	-95.38
Earnings From Cont. Operations, 1 Yr. Growth %	-436.57	109.42	-99.68	55.43K	-80.45
Net Income, 1 Yr. Growth %	-436.57	109.42	-99.68	55.43K	-80.45
Normalized Net Income, 1 Yr. Growth %	-432.07	104.22	-76.84	614.48	-85.72
Diluted EPS Before Extra, 1 Yr. Growth %	-436.82	109.4	-99.68	55.43K	-80.45
Accounts Receivable, 1 Yr. Growth %	-35.7	-5.04	-7.3	-97.06	1.15
Inventory, 1 Yr. Growth %	-8.4	-51.94	5.2	-97.14	-55.94
Net Property, Plant and Equip., 1 Yr. Growth %	14.89	7.63	-5.55	-13.77	-13.04
Total Assets, 1 Yr. Growth %	-11.27	-16.89	-4.05	-43.96	-4.65
Tangible Book Value, 1 Yr. Growth %	-19.09	-49.4	4.93	-163.78	49.76
Common Equity, 1 Yr. Growth %	-19.09	-49.4	4.93	-163.78	49.76
Cash From Operations, 1 Yr. Growth %	-1.42K	-101.22	12.17K	47.84	-36.63
Capital Expenditures, 1 Yr. Growth %	268.1	-3.94	-89.36	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-24.12	-185.6	-162.85	-635.13	-66.06
Unlevered Free Cash Flow, 1 Yr. Growth %	-45.72	-457.02	-94.44	6.18K	-54.14
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-5.23	-36.7	-41.71	-50.33	-75.96
Gross Profit, 2 Yr. CAGR %	-70.82	-4.74	76.56	4.43	-78.39
EBITDA, 2 Yr. CAGR %	5.38	65.78	-53.76	32	-38.81
EBITA, 2 Yr. CAGR %	21.08	81.48	-47.26	31.92	-18.79
EBIT, 2 Yr. CAGR %	21.08	81.48	-47.26	31.92	-18.79
Earnings From Cont. Operations, 2 Yr. CAGR %	52.52	165.49	-91.87	32.45	941.82
Net Income, 2 Yr. CAGR %	52.52	165.49	-91.87	32.45	941.82
Normalized Net Income, 2 Yr. CAGR %	75.77	160.42	-31.22	28.65	1
Diluted EPS Before Extra, 2 Yr. CAGR %	52.53	165.58	-91.87	32.45	941.83
Accounts Receivable, 2 Yr. CAGR %	29.92	-21.86	-6.18	-83.48	-82.75
Inventory, 2 Yr. CAGR %	-3.08	-33.65	-28.89	-82.65	-88.77
Net Property, Plant and Equip., 2 Yr. CAGR %	11.65	11.2	0.82	-9.75	-13.41
Total Assets, 2 Yr. CAGR %	4.71	-14.13	-10.7	-26.67	-26.9
Tangible Book Value, 2 Yr. CAGR %	-7.49	-36.01	-27.13	-18.19	-2.27
Common Equity, 2 Yr. CAGR %	-7.49	-36.01	-27.13	-18.19	-2.27
Cash From Operations, 2 Yr. CAGR %	63.94	-59.79	22.64	1.25K	-3.21
Capital Expenditures, 2 Yr. CAGR %	206.74	88.04	-68.02	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-19.73	-19.4	-26.65	100.49	34.77
Unlevered Free Cash Flow, 2 Yr. CAGR %	-36.69	39.21	-55.45	65.59	436.63
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.39	-23.81	-34.86	-50.47	-65.83
Gross Profit, 3 Yr. CAGR %	-55.68	-0.8	-37.28	132.08	-76.67
EBITDA, 3 Yr. CAGR %	0.02	39.65	-37.89	62.28	-68.04
EBITA, 3 Yr. CAGR %	10.22	49.58	-26.24	58.38	-56.85
EBIT, 3 Yr. CAGR %	10.22	49.58	-26.24	58.38	-56.85
Earnings From Cont. Operations, 3 Yr. CAGR %	37.3	69.52	-71.87	54.3	-30.01
Net Income, 3 Yr. CAGR %	37.3	69.52	-71.87	54.3	-30.01
Normalized Net Income, 3 Yr. CAGR %	44.4	84.78	16.25	50.08	-38.18
Diluted EPS Before Extra, 3 Yr. CAGR %	25.6	69.52	-71.86	54.3	-30.01
Accounts Receivable, 3 Yr. CAGR %	15.77	17.03	-17.28	-70.41	-69.78
Inventory, 3 Yr. CAGR %	7.44	-23.29	-22.63	-75.63	-76.33
Net Property, Plant and Equip., 3 Yr. CAGR %	3.28	10.29	5.31	-4.3	-10.86
Total Assets, 3 Yr. CAGR %	7.16	-3.05	-10.89	-23.55	-19.96
Tangible Book Value, 3 Yr. CAGR %	-2.14	-24.35	-24.54	-30.3	0.07
Common Equity, 3 Yr. CAGR %	-2.14	-24.35	-24.54	-30.3	0.07
Cash From Operations, 3 Yr. CAGR %	-7.03	-67.98	170.79	30.52	386.21
Capital Expenditures, 3 Yr. CAGR %	76.19	108.31	-27.8	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-27.56	-17.99	-25.82	50.97	10.91
Unlevered Free Cash Flow, 3 Yr. CAGR %	-40.71	12.69	-52.42	113.93	7.94
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-0.39	-7.52	-19.61	-35.79	-56.28
Gross Profit, 5 Yr. CAGR %	-39.46	-1.41	-22.96	1.26	-59.04
EBITDA, 5 Yr. CAGR %	0.99	20.93	-26.54	36.54	-38.26
EBITA, 5 Yr. CAGR %	7.99	27.57	-17.92	42.25	-23.35
EBIT, 5 Yr. CAGR %	7.99	27.57	-17.92	42.25	-23.35
Earnings From Cont. Operations, 5 Yr. CAGR %	24.53	45	-55.67	53.59	19.3
Net Income, 5 Yr. CAGR %	24.53	45	-55.67	53.59	19.3
Normalized Net Income, 5 Yr. CAGR %	26.87	47.84	7.33	59.87	9.89
Diluted EPS Before Extra, 5 Yr. CAGR %	17.08	36.33	-57.98	53.59	19.32
Accounts Receivable, 5 Yr. CAGR %	33.74	12.11	6.43	-46.52	-55.81
Inventory, 5 Yr. CAGR %	8.15	-7.51	-8.91	-57.67	-64.25
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.53	0.99	2.29	1.79	-2.62
Total Assets, 5 Yr. CAGR %	9.05	2.99	-0.38	-13.3	-17.68
Tangible Book Value, 5 Yr. CAGR %	14.49	-2.89	-13.03	-21.94	-16.32
Common Equity, 5 Yr. CAGR %	14.49	-2.89	-13.03	-21.94	-16.32
Cash From Operations, 5 Yr. CAGR %	17.68	-57.36	3.81	42.91	79.44
Capital Expenditures, 5 Yr. CAGR %	-6.09	13.95	-10.97	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-5.06	27.41	-27.2	17.26	-2.39
Unlevered Free Cash Flow, 5 Yr. CAGR %	-11.55	14.7	-47.12	31.45	19.5