Unlisted Shares

Cheelizza Pizza Unlisted Shares

Cheelizza Pizza India Limited

Cheelizza Pizza Unlisted Shares logo
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL

About Cheelizza Pizza Unlisted Shares

Cheelizza Pizza India Limited is a Mumbai-based 100% pure vegetarian quick service restaurant (QSR) chain operating under the EatVeg multi-brand platform. The company focuses on providing contamination-free vegetarian food, addressing a significant gap in India's QSR market dominated by mixed kitchens. Founded with a vision to build a scalable vegetarian-first ecosystem, Cheelizza operates multiple outlets across cities like Mumbai, Pune, and Gujarat, while also expanding via delivery platforms like Zomato and Swiggy. :contentReference[oaicite:0]{index=0} The company is positioned as a high-growth brand in the food service sector, leveraging a central kitchen model, strong repeat customer base, and multi-brand expansion strategy including Cheelizza (pizza), BiryaniCan, and Indian Combos. With rising vegetarian demand and increasing digital adoption, Cheelizza aims to scale rapidly acros...

Share Details

company NameCheelizza Pizza India Limited
indicative Unlisted Share Price₹83
market Capitalization₹350 - ₹400 Crore (Approx.)
lot Size1000
52 Week High₹100
52 Week Low₹36
face Value₹1
book ValueNegative
pe RatioNegative
pb RatioNegative
debt To EquityNegative
return On EquityNegative
total Outstanding Shares10.78 Crore
isinINE0MSX01027
depositoryNSDL & CDSL
pan-
cinU15400MH2021PLC355218
rtaBigshare Services Pvt. Ltd.

Income Statement (Profit & Loss) (₹ in Crore)

ParticularsFY22FY23FY24FY25
Revenue3201,3361,8131,935
EBITDA-9-203-441-313
Operating Profit (EBIT)-28-289-605-449
Profit Before Tax-30.4-289-681.6-545
Net Profit-20.7-209-509.1-393
EPS-207-1,607.69-3,886.26-278.72

Key Financial Ratios (Last 3–5 Years)

RatioFY22FY23FY24FY25
Operating Profit Margin-2.81-15.19-24.32-16.18
Net Profit Margin-6.47-15.64-28.08-20.31
EPS-207-1,607.69-3,886.26-278.72

Financial Annual Report Summary

Cheelizza is in an aggressive expansion phase with strong revenue growth but continued losses. Revenue grew significantly from ₹320 Cr in FY22 to ₹1935 Cr in FY25, driven by store expansion and digital demand. However, EBITDA and PAT remain negative due to high operating costs, expansion expenses, and finance costs. Losses are narrowing gradually, indicating early signs of operational improvement.

Why Invest in Cheelizza Pizza Unlisted

  • Revenue growth is strong due to aggressive expansion and increasing brand penetration.
  • Profitability remains negative due to high operational and expansion costs.
  • Improvement in EBITDA losses suggests better cost control in FY25.
  • QSR sector is capital-intensive, making profitability timeline longer.
  • Vegetarian-only positioning provides strong differentiation in Indian market.

Balance Sheet - Assets (₹ in Crore)

ItemFY22FY23FY24FY25
Fixed Assets176516593388
Trade Receivables15243941
Inventory364846.530
Other Assets68278547.5577
Total Assets2958661,2261,036

Balance Sheet - Liabilities & Equity (₹ in Crore)

ItemFY22FY23FY24FY25
Share Capital11.31.311.41
Reserves-20.69338.6-170-53
Borrowings106382727651
Trade Payables788055.6128
Other Liabilities130.6964.1612.09308.59
Total Liabilities2958661,2261,036

Liabilities Breakdown & Balance Sheet Insights

Balance Sheet Insights

Balance sheet shows rapid scaling with rising assets and borrowings. Debt levels increased significantly till FY24 and moderated slightly in FY25, indicating partial deleveraging. Negative reserves reflect accumulated losses.

Liabilities Breakdown

Major liabilities consist of borrowings and operational payables. Increase in borrowings reflects funding for expansion, while rising payables indicate working capital pressure typical in QSR businesses.

Additional Insights

The company is in a high-growth but leveraged phase. While asset base has expanded significantly, negative reserves and high debt indicate financial stress. However, improving operating cash flow suggests stabilization beginning in FY25.

Cash Flow Insights

  • Operating cash flow turned positive in FY25 indicating early operational stability.
  • Heavy investing outflows reflect aggressive store and infrastructure expansion.
  • Financing inflows in FY23–FY24 show reliance on debt/equity funding.
  • FY25 shows deleveraging with repayment of borrowings.

Shareholding Pattern

Shareholding pattern data not available

Promoters & Management

Founded by Animesh Lodha, Cheelizza operates under the EatVeg platform with a founder-led growth strategy focused on vegetarian QSR expansion. :contentReference[oaicite:2]{index=2}

Key Management

Animesh Lodha - Founder
10+ Years

Registrar & Transfer Agent (RTA)

Registrar: Bigshare Services Pvt. Ltd.

Website: https://www.bigshareonline.com/

Management Analysis

Management is focused on scaling a differentiated vegetarian-first QSR model. Execution risk remains high due to expansion intensity, but strong brand positioning and digital growth provide long-term potential.

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