Foods and Inns Limited

FOODSIN

INE976E01023

Food Processing

Market Closed - Bombay S.E. Other stock markets 06:00:50 2024-05-13 am EDT			5-day change	1st Jan Change
144.4 ^INR	-0.93%		-5.46%	-9.78%

Apr. 09	Raymond Simkins and Milan Bhupendra Dalal made an offer to acquire additional 32.54% stake in Foods and Inns Limited for INR 2.7 billion.	CI
Jan. 31	Foods and Inns Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI

Foods and Inns Limited agreed to acquire Tropfruit Products Pvt. Ltd.

June 12, 2023

Foods and Inns Limited (BSE:507552) agreed to acquire Tropfruit Products Pvt. Ltd on June 13, 2023. The transaction was approved by the Board of Foods and Inns.

Aggregate price not exceeding INR150 million for acquisition of 97,50,000 Equity Shares and 2,50,000 Preference Shares. Tropfruit Products generated revenue of INR 92.7 million in financial year 2022-2023. The transaction is subject to due diligence and execution of transaction documents.

The acquisition is expected to close On or before September 30, 2023.

Latest news about Foods and Inns Limited

Raymond Simkins and Milan Bhupendra Dalal made an offer to acquire additional 32.54% stake in Foods and Inns Limited for INR 2.7 billion.	Apr. 08	CI
Foods and Inns Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Jan. 31	CI
Foods and Inns Limited Approves the Appointment of Sanjay D. Naik as an Additional Director	Nov. 09	CI
Foods and Inns Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	Nov. 09	CI
Foods and Inns Limited Approves Declaration of Final Dividend for the Financial Year Ended March 31, 2023	23-09-11	CI
Foods and Inns Limited Approves Declaration of Special Dividend for the Financial Year Ended March 31, 2023	23-09-11	CI
Foods and Inns Limited Announces Directorate Changes	23-08-08	CI
Foods and Inns Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-07	CI
Foods and Inns Limited completed the acquisition of Udhyaan Agroproduct and Trading Private Limited.	23-07-26	CI
Foods and Inns Limited Announces Executive Changes	23-06-13	CI
Foods and Inns Limited entered into an agreement to acquire Udhyaan Agroproduct and Trading Private Limited for INR 27 million.	23-06-12	CI
Foods and Inns Limited agreed to acquire Tropfruit Products Pvt. Ltd.	23-06-12	CI
Foods and Inns Limited Reports Earnings Results for the Full Year Ended March 31, 2023	23-05-12	CI
Foods and Inns Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2023	23-05-12	CI
Foods and Inns Limited Recommends One Time Special Dividend for the Year Ended March 31, 2023	23-05-12	CI
Foods and Inns Limited Recommends Normal Dividend for the Financial Year Ended March 31, 2023	23-05-12	CI
Foods and Inns Board to Consider Dividend for Fiscal 2023	23-05-04	MT
Foods and Inns Limited Announces Resignation of Randeep Kaur Puri as Company Secretary, Compliance Officer and Nodal Officer	23-04-06	CI
Foods and Inns Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022	23-02-03	CI
Foods and Inns Limited Approves Incorporation of Wholly Owned Subsidiary	23-02-03	CI
Foods and Inns Limited announced that it expects to receive INR 631.609847 million in funding from Silver Stallion Limited, VSS Iron And Minerals Pvt Ltd, Aeon Trading LLP, Lotus Family Trust, Siddhi Portfolio Services P. Ltd., Florintree Digital Llp	22-12-08	CI
Foods and Inns Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022	22-11-14	CI
Foods and Inns Limited Reports Earnings Results for the First Quarter Ended June 30, 2022	22-08-08	CI
Foods and Inns Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2022	22-05-17	CI
Foods and Inns Limited Reports Earnings Results for the Full Year Ended March 31, 2022	22-05-17	CI

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Company Profile

Foods and Inns Limited is an India-based food processing company. The Company is primarily engaged in the manufacturing and selling a variety of processed tropical fruit and vegetable pulps, purees, spices, spray dried powders, frozen food, and other value additive foods. The Company's consumer products are marketed under brands, such as Greentop, Kusum, and Madhu. Its kusum brand products include single ground spices and blended ground spices. Its Madhu brand products include canned and tetra recart alphonso, canned and tetra recart kesar, canned and tetra recart sliced and diced fruits and vegetables, and canned and tetra recart fruit and vegetable pulp. The Company provides various purees and concentrated products, such as mango, guava, banana, tomato, papaya, tamarind, chilly, ginger, garlic and pomegranate. Its frozen products include beetroot, zucchini, Indian snacks, flat bread, and other fruits and vegetables. Its Greentop products include frozen snacks and frozen vegetables.

Sector

Food Processing

Calendar

2024-05-16 - Q4 2024 Earnings Release

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

144.4 INR

Average target price

248 INR

Spread / Average Target

+71.69%

Consensus

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Annual profits - Rate of surprise

Company calendar

Sector Other Food Processing

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