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Registered Details

MORE RETAIL PRIVATE LIMITED

All Companies ›

Maharashtra ›

Finance ›

Active

Updated: 16 Mar 2026

More Retail Private Limited is a retail company operating in India, specializing in online and offline grocery and consumer goods. It provides a diverse range of everyday products, including food, personal care items, and household essentials, ensuring convenient access and competitive pricing for consumers across the country.

More Retail Private Limited, is an unlisted private company incorporated on 14 July, 1988. It is classified as a private limited company and is located in , Maharashtra. It's authorized share capital is INR 8,500.00 cr and the total paid-up capital is INR 459.29 cr.

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Industry and products

Finance

beverages, apparel (men/women), fruits and vegetables, bakery products, frozen and dairy products, beauty concepts, cutlery and cookware products

Company size

Auth Capital

₹ 8,500.0 Cr

Paidup Capital

₹ 459.3 Cr

Revenue

₹ 4500-4750 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

10.85%

₹ 4,701.3

EBITDA

₹ -105.3

Net Profit

₹ -248.9

Networth

₹ -510.8

Borrowings

-25.56%

₹ 1,485.7

Assets

-16.93%

₹ 1,710.4

Gross Margin

-1.93

14.7 %

Operating Margin

1.66

-2.4 %

Net Profit Margin

7.27

-5.3 %

Return on Equity

- %

ROCE

-5.06

-45.0 %

Debt to Equity

0.09

-2.9

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (160)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Vikram Ranjan Agarwal	03038370	7 years
Managing Director	Vinod Nambiar	07290613	5 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	4,763.0	4,867.1	4,506.7	4,148.7	4,454.2
Operating profit	173.8	-88.1	-173.2	-166.9	-105.3
Net profit	-78.0	-402.2	-550.3	-532.6	-248.9
Gross margin	20.1	18.3	16.6	16.6	14.7
Operating margin	3.6	-1.8	-3.8	-4.0	-2.4
Net margin	-1.6	-8.2	-12.0	-12.6	-5.3
Networth	-159.4	-378.4	-464.6	-665.8	-510.8
Borrowings	1,382.5	1,921.1	2,103.5	1,995.8	1,485.7
Assets	1,880.5	2,237.4	2,359.4	2,058.9	1,710.4
Debt to equity	-8.7	-5.1	-4.5	-3.0	-2.9
Current ratio	0.7	0.5	0.5	0.7	0.8
ROE	-	-	-	-	-
Days payable	51.0	55.0	65.0	73.0	65.0
WC days	-19.0	-46.0	-56.0	-26.0	-14.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	7,941.4	405.0	425.9	436.3	448.3
Reserves	-8,100.9	-783.4	-890.5	-1,102.1	-959.1
Borrowings +	1,382.5	1,921.1	2,103.5	1,995.8	1,485.7
Long term borrowings	1,139.1	1,449.5	1,488.9	1,764.6	1,274.1
Short term borrowings	243.4	471.6	614.5	231.2	211.6
Trade payables +	531.5	600.5	672.1	695.0	675.7
Days payable	51.0	55.0	65.0	73.0	65.0
Other liabilities +	125.8	94.2	48.4	33.9	59.7
Other non-current liabilities	1.2	2.3	3.8	1.6	1.5
Other current liabilities	124.6	91.9	44.6	32.3	58.2
Total liabilities	1,880.5	2,237.4	2,359.4	2,058.9	1,710.4
Fixed Assets +	1,134.7	1,577.6	1,636.9	1,326.3	871.9
Tangible assets	1,101.4	1,521.1	1,600.1	1,287.8	856.9
CWIP	19.4	27.8	24.5	13.4	0.2
Intangible assets	13.8	28.6	12.2	25.0	14.9
LT loans and advances	-	-	-	-	-
Other non-current assets	100.0	107.1	83.1	69.0	62.2
Current assets +	645.7	552.8	639.5	663.7	776.2
Inventories	399.4	330.8	346.1	316.1	420.4
Trade receivables	26.0	29.3	28.0	27.4	52.1
Cash and cash equivalents	102.5	42.1	21.9	33.9	23.2
ST loans and advances	-	-	-	-	-
Other current assets	117.9	150.6	243.4	286.3	280.4
Total assets	1,880.5	2,237.4	2,359.4	2,058.9	1,710.4

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	422.31	18.1	18.05	21.19	26.21
Reserves	-430.79	-35.01	-37.74	-53.53	-56.07
Borrowings +	73.52	85.86	89.15	96.93	86.86
Long term borrowings	60.58	64.78	63.11	85.7	74.49
Short term borrowings	12.94	21.08	26.05	11.23	12.37
Trade payables	28.27	26.84	28.49	33.76	39.51
Other liabilities +	6.69	4.21	2.05	1.65	3.49
Other non-current liabilities	0.06	0.1	0.16	0.08	0.09
Other current liabilities	6.63	4.11	1.89	1.57	3.41
Total liabilities
Fixed Assets +	60.34	70.51	69.38	64.41	50.98
Tangible assets	58.57	67.99	67.82	62.55	50.1
CWIP	1.03	1.24	1.04	0.65	0.01
Intangible assets	0.74	1.28	0.52	1.21	0.87
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	5.32	4.79	3.52	3.35	3.64
Current assets +	34.34	24.7	27.1	32.23	45.38
Inventories	21.24	14.78	14.67	15.35	24.58
Trade receivables	1.38	1.31	1.19	1.33	3.05
Cash and cash equivalents	5.45	1.88	0.93	1.65	1.36
ST loans and advances	0.0	0.0	0.0	0.0	0.0
Other current assets	6.27	6.73	10.32	13.9	16.4
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	4,763.0	4,867.1	4,506.7	4,148.7	4,454.2
Sales growth %	-1.27	2.19	-7.41	-7.94	7.36
Expenses +	4,899.2	5,327.0	5,124.7	4,773.8	4,950.2
Cost of goods	3,803.8	3,976.9	3,760.8	3,459.7	3,800.3
Employee cost	375.6	428.4	422.0	369.2	364.5
Other costs	409.8	550.0	497.0	486.7	394.8
Operating profit +	173.8	-88.1	-173.2	-166.9	-105.3
Operating margin %	3.6	-1.8	-3.8	-4.0	-2.4
Other income	58.2	57.6	67.7	92.5	247.1
Interest	131.3	148.0	190.3	212.6	179.6
Depreciation	178.7	223.8	254.5	245.5	211.2
Exceptional items	-	-	-	-	-
Profit before tax	-78.0	-402.2	-550.3	-532.6	-248.9
Tax	-	-	-	-	-
Profit - disc. ops	-	-	-	-	-
Net profit	-78.0	-402.2	-550.3	-532.6	-248.9
Net margin %	-1.6	-8.2	-12.0	-12.6	-5.3

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	98.79	98.83	98.52	97.82	94.74
Expenses +	101.62	108.17	112.03	112.56	105.29
Cost of goods	78.9	80.75	82.22	81.58	80.83
Employee cost	7.79	8.7	9.23	8.7	7.75
Other costs	8.5	11.17	10.86	11.48	8.4
Operating profit	3.6	-1.79	-3.79	-3.94	-2.24
Other income	1.21	1.17	1.48	2.18	5.26
Interest	2.72	3.01	4.16	5.01	3.82
Depreciation	3.71	4.54	5.56	5.79	4.49
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-1.62	-8.17	-12.03	-12.56	-5.29
Tax	0.0	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-1.62	-8.17	-12.03	-12.56	-5.29

Revenue from operations

Ratios

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	-8.7	-5.1	-4.5	-3.0	-2.9
Net Debt/Equity	-8.0	-5.0	-4.5	-3.0	-2.9
Total Debt/Assets	0.7	0.9	0.9	1.0	0.9
Total Assets/Equity	-11.8	-5.9	-5.1	-3.1	-3.4
Liquidity +
Current Ratio	0.7	0.5	0.5	0.7	0.8
Quick Ratio	0.3	0.2	0.2	0.4	0.4
Interest Coverage	1.3	-0.6	-0.9	-0.8	-0.6
Performance
Gross Margin	20.1	18.3	16.6	16.6	14.7
Operating Margin	3.6	-1.8	-3.8	-4.0	-2.4
Net Margin	-1.6	-8.2	-12.0	-12.6	-5.3
Return +
Return on Equity	-	-	-	-	-
Pre-tax ROCE	-0.6	-32.3	-45.2	-40.0	-45.0
Return on Assets	-4.2	-18.0	-23.3	-25.9	-14.6
Pre-tax ROIC	-0.4	-20.8	-26.4	-31.8	-33.2
Efficiency +
Days Payable	51.0	55.0	65.0	73.0	65.0
Days Inventory	38.0	30.0	34.0	33.0	40.0
Days Receivable	2.0	2.0	2.0	2.0	4.0
Fixed Asset Turnover	4.2	3.1	2.8	3.1	5.1
Total Asset Turnover	2.5	2.2	1.9	2.0	2.6
Working Capital
Cash Conversion Cycle	-11.0	-23.0	-29.0	-38.0	-21.0
Working Capital Days	-19.0	-46.0	-56.0	-26.0	-14.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Catalyst Trusteeship Limited

No. of Loans: 2

Total Amount : 560.0 cr

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 10.0 cr

RBL Bank Limited

No. of Loans: 1

Total Amount : 8.3 cr

Andhra Bank

No. of Loans: 1

Total Amount : 0.1 cr

Union Bank of India

No. of Loans: 1

Total Amount : 0.1 cr

Charge Holder	Amount	Date of creation/modification
Kotak Mahindra Bank Limited	10.0 cr	28 Jul, 2025
Catalyst Trusteeship Limited	300.0 cr	12 Dec, 2024
Catalyst Trusteeship Limited	260.0 cr	12 Dec, 2024
RBL Bank Limited	8.3 cr	10 May, 2023
Union Bank of India	0.1 cr	04 Dec, 1996
Andhra Bank	0.1 cr	10 Feb, 1992

Charges

Catalyst Trusteeship Limited

Kotak Mahindra Bank Limited

RBL Bank Limited

Andhra Bank

Others

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
HANSAZONE PRIVATE LIMITED	Amalgamated	40.6 Cr	1	Maharashtra
SAPPHIRE HOSPITALITY AND RECREATION PRIVATE LIMITED	Amalgamated	59.3 Cr	1	Maharashtra
PIZZERIA FAST FOODS RESTAURANTS (MADRAS) PRIVATE LIMITED	Amalgamated	6.1 Cr	1	Maharashtra
POSITIVE MARTS INDIA PRIVATE LIMITED	Active	6.0 L	1	Maharashtra
MYSEQUENCE HEALTHCARE PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
SAMARA ALTERNATE INVESTMENT MANAGEMENT L LP	Active	5.0 Cr	1	Maharashtra
VANKATESH PHARMA PRIVATE LIMITED	Amalgamated	164.0 Cr	1
KFCH RESTAURANTS PRIVATE LIMITED	Under Liquidation	279.3 Cr	1
LOTUS SURGICAL SPECIALITIES PRIVATE LIMITED	Amalgamated	71.4 L	1	Maharashtra
VALIOSA LOGISTICS PRIVATE LIMITED	Active	1.0 L	1	Maharashtra
MARENGO ASIA HEALTHCARE PRIVATE LIMITED	Active	15.4 Cr	1	Gujarat
MORE CONSUMER BRANDS PRIVATE LIMITED	Active	4,914.7 Cr	2	Maharashtra
EDME INSURANCE BROKERS LIMITED	Active	31.2 Cr	1	Gujarat
SAPPHIRE FOODS INDIA LIMITED	Active	64.3 Cr	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
FABMALL (INDIA) PRIVATE LIMITED	India	-	-
TERRAFIRMA AGROPROCESSING (INDIA) PRIVATE LIMITED	India	-	-
TRINETHRA SUPERRETAIL Private LIMITED	India	-	-
H.A.S.TWO HOLDINGS PRIVATE LIMITED	India	-	-

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW ROCE
LOW CASH BALANCE
CASH DETERIORATING
REVENUE BELOW AVERAGE

Low Risk

GROSS MARGINS DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U65990MH1988PTC048117

PAN

AAACP2678Q

Incorporation

1988, 37.7 years

Company Email

cs[at]moreretail[dot]in

Paid up Capital

₹ 459.3 Cr

Authorised Capital

₹ 8,500.0 Cr

AGM

Sep 2025

Type

Private

Others

FAQ - MORE RETAIL PRIVATE LIMITED

What is the incorporation date of MORE RETAIL PRIVATE LIMITED?

The incorporation date of MORE RETAIL PRIVATE LIMITED is 14 July, 1988

What is the authorized share capital of MORE RETAIL PRIVATE LIMITED?

The authorized share capital of MORE RETAIL PRIVATE LIMITED is INR ₹ 8,500.0 Cr.

What is the paid-up capital of MORE RETAIL PRIVATE LIMITED?

The paid-up capital of MORE RETAIL PRIVATE LIMITED is INR ₹ 459.3 Cr.

What is the registered address of MORE RETAIL PRIVATE LIMITED?

The registered address of MORE RETAIL PRIVATE LIMITED is 12th Floor, Wing E, Suite No. 2A, Times Square Building, Marol, Andheri Kurla Road, Andheri East, Marol Naka, Mumbai, Mumbai, Maharashtra, India, 400059 - 400059

What is the CIN number of MORE RETAIL PRIVATE LIMITED?

The CIN number of MORE RETAIL PRIVATE LIMITED is U65990MH1988PTC048117.

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