Company Intelligence Profile
Alpha Marine Limited
Alpha Marine Limited is a fully integrated aquaculture/seafood company based in Nellore, Andhra Pradesh, covering the value chain from shrimp hatchery through farming, processing, and value-added products.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Alpha Marine Limited |
|---|---|
| CIN | U15400AP2020PLC114274 |
| PAN | AATCA3515E (confirmed — Tofler and matches GSTIN prefix) |
| Status | Active |
| Listing | Unlisted Public Company (per Tofler) |
| Incorporated | 26 February 2020 |
| ROC | RoC-Vijayawada |
| Sector (NIC) | Manufacturing of Food Products — Fishing/aquaculture (shrimp processing & export); precise NIC code not obtained |
| Registered address | D.No: 27-4-319, Ramji Nagar, 8th Cross Road, Nellore, Andhra Pradesh, India 524002 (confirmed — Tofler, TheCompanyCheck, IndiaFilings) |
| Authorized capital | Rs 80,00,00,000 (Rs 80 crore) — confirmed (TheCompanyCheck, IndiaFilings) |
| Paid-up capital | Rs 63,75,60,310 (~Rs 63.76 crore) — confirmed (TheCompanyCheck, IndiaFilings) |
Business Overview
Confirmed- Alpha Marine Limited is a fully integrated aquaculture/seafood company based in Nellore, Andhra Pradesh, covering the value chain from shrimp hatchery through farming, processing, and value-added products
- Per its official site (alphamarinelimited.in): exports to 20+ countries, EU & USFDA-approved processing plant, ASC/BAP-certified farms, in-house lab and cold-chain
- runs a retail-facing brand "Shrimpop" for ready-to-cook shrimp
- Processing unit is ~80 km from Krishnapatnam port
- Note: export-capacity figures conflict across sources — company site states 10,000+ MT while an older third-party listing cites 35,000+ MT
- treat the higher figure as unverified
- Per CARE Ratings, AML itself has no independent processing operations — actual export sales are largely routed through an affiliated partnership firm, "Alpha Marine" (~97% of group revenue) — an important entity-confusion point (see related_parties and financials)
Directors
ConfirmedConfirmed via 2 sources (Tofler, IndiaFilings) — matching DINs:
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Sudhakar Dudala | 02329688 | - | - |
| Prasada Rao Kalluri | 07780628 | - | - |
| Janardhana Dudela | 08710914 | - | - |
| Madhavi Dudala | 07863051 | - | - |
| Nukala Ashwanth | 09719259 | - | - |
GST Registration
Confirmed| GSTIN | State | PAN | Status |
|---|---|---|---|
| 37AATCA3515E1ZO | Andhra Pradesh | AATCA3515E (confirmed — Tofler and matches GSTIN prefix) | Active |
Primary GSTIN: 37AATCA3515E1ZO (Andhra Pradesh) — confirmed via 2 sources (KnowYourGST individual page, PiceApp). PAN: AATCA3515E (matches company PAN). Home state: Andhra Pradesh (RoC jurisdiction: Nellore/Sri Potti Sriramulu Nellore). Registration date: 07 March 2020. Status: Active, Regular scheme. # registrations found: 1 (only the AP GSTIN was located; no evidence of additional state registrations, so treat "1" as what was found, not a confirmed total).
Financials
Partial / conflictingCAUTION — entity-confusion risk: two distinct financial pictures exist and must not be conflated. (1) Alpha Marine Limited STANDALONE (the CIN entity), per Tofler (sourced from MCA filings), FY2022-23: Revenue reported only in a broad band of Rs 10-25 crore; EBITDA "declined 524.9%" YoY (suggests a swing to negative/loss — figure as reported, treat with caution); Net profit declined 52.45%; Net worth +9.88%; Borrowings Rs 136.8 crore (+540.63% YoY); Total assets Rs 266.8 crore (+22.95%). These wide-band/unusual swings mean this data is PARTIAL confidence only. (2) Alpha Marine GROUP, CONSOLIDATED (AML + Alpha Marine partnership firm + Alpha Hatcheries + Citron Marine Pvt Ltd), per CARE Ratings press release dated 28-Sep-2022 (the basis for AML's issuer rating): Total Operating Income Rs 327.11 crore FY22 vs Rs 275.75 crore FY21 (+18% YoY); the "Alpha Marine" partnership firm alone contributed ~97% of group revenue/profit with standalone TOI of Rs 319.86 crore FY22 (+21.26%); consolidated total debt Rs 99.88 crore FY22 vs Rs 95.50 crore FY21; overall gearing 1.19x (FY22) vs 1.39x (FY21); unsecured loans from promoters Rs 6.71 crore; free cash balance ~Rs 3.53 crore (31-Mar-2022); interest coverage 5.39x FY22 vs 6.90x FY21; TDGCA 4.27x FY22 vs 5.61x FY21. Do not attribute the Rs 327 crore / Rs 320 crore consolidated-group figures to "Alpha Marine Limited standalone" — the rated entity's own accounts are the much smaller Tofler figures above; the bulk of group revenue sits in the affiliated partnership firm, not the Ltd company.
Charges/Loans
Partial / conflicting- Multiple bank charges registered against the company from HDFC Bank, State Bank of India, Kotak Mahindra Bank, and Bank of Maharashtra, cumulatively cited as ~Rs 219.1 crore — source: Tofler (MCA charge filings)
- This figure is single-sourced (not cross-verified with a second registry) — treat as PARTIAL confidence
Credit Ratings
ConfirmedCARE Ratings Ltd — Issuer rating on Alpha Marine Limited (assessed on a CONSOLIDATED group basis, see related_parties/financials caveat):
- 28-Sep-2022: Issuer rating "CARE BBB; Stable"
- 07-Dec-2023: Revised to "CARE BB+; Stable; ISSUER NOT COOPERATING*" and simultaneously WITHDRAWN, at the company's request, following CARE's non-cooperation review (AML did not furnish requisite information for the periodic review). Source: CARE Ratings press releases (careratings.com), both directly fetched and text-extracted. No CRISIL or ICRA rating found for this entity — not obtained.
Competitors
Partial / conflictingNamed Indian shrimp processing/export peers (via general market search, not company-specific verification):
- Avanti Frozen Foods / Avanti Feeds Ltd — much larger, listed, industry leader (large scale)
- Devi Sea Foods Limited — large, established exporter (large scale)
- Apex Frozen Foods Limited — listed, comparable-to-larger scale
- Nekkanti Seafoods — comparable mid-large shrimp processor/exporter
- Sandhya Aqua / Sandhya Marines — mid-size AP-based exporter
- Falcon Marine Exports Ltd, Baby Marine Eastern Exports, Crystal Sea Foods Pvt Ltd — mid-size peers
All operate in the same Andhra Pradesh-centric Indian shrimp export cluster as Alpha Marine.
Frequently Asked Questions
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