Mrs Bectors Food Specialities Ltd
Mrs. Bectors Food Specialities Ltd was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995. [1] It manufactures biscuits and bakery products that are marketed under Mrs. Bector’s Cremica and Mrs. Bector’s English Oven brands, respectively. [2]
Mrs. Rajni Bector started the enterprise in 1978 by manufacturing ice creams, bread, and biscuits. [3] It is promoted by Mr. Anoop Bector who has over 25 years of industry experience. He is also the Managing Director of the Company. [4]
- Market Cap ₹ 11,608 Cr.
- Current Price ₹ 1,891
- High / Low ₹ 2,200 / 964
- Stock P/E 93.5
- Book Value ₹ 104
- Dividend Yield 0.17 %
- ROCE 23.7 %
- ROE 22.0 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 30.7% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 22.0%
Cons
- Stock is trading at 18.2 times its book value
- Promoter holding has decreased over last quarter: -2.15%
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: FMCG Industry: Food - Processing - Indian
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
559 | 556 | 588 | 650 | 736 | 708 | 838 | 924 | 1,264 | 1,512 | 1,574 | |
495 | 496 | 527 | 576 | 652 | 626 | 705 | 815 | 1,112 | 1,294 | 1,350 | |
Operating Profit | 64 | 60 | 60 | 74 | 84 | 82 | 133 | 109 | 153 | 218 | 224 |
OPM % | 11% | 11% | 10% | 11% | 11% | 12% | 16% | 12% | 12% | 14% | 14% |
3 | 18 | 2 | 4 | 8 | 7 | 10 | 11 | 12 | 17 | 18 | |
Interest | 7 | 4 | 4 | 6 | 13 | 16 | 10 | 7 | 13 | 12 | 14 |
Depreciation | 18 | 19 | 22 | 24 | 31 | 39 | 42 | 43 | 49 | 58 | 61 |
Profit before tax | 42 | 55 | 37 | 47 | 48 | 35 | 91 | 69 | 102 | 165 | 166 |
Tax % | 35% | 30% | 31% | 32% | 32% | 18% | 26% | 23% | 25% | 25% | |
27 | 39 | 25 | 32 | 32 | 28 | 68 | 53 | 76 | 123 | 124 | |
EPS in Rs | 9.44 | 13.52 | 8.84 | 5.60 | 5.65 | 4.93 | 11.54 | 9.09 | 12.96 | 20.97 | 21.10 |
Dividend Payout % | 0% | 7% | 11% | 13% | 13% | 15% | 21% | 27% | 23% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 22% |
TTM: | 18% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 22% |
TTM: | 29% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 66% |
1 Year: | 66% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 17% |
Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 29 | 29 | 29 | 57 | 57 | 57 | 59 | 59 | 59 | 59 |
Reserves | 141 | 176 | 199 | 198 | 227 | 250 | 356 | 390 | 451 | 553 |
45 | 41 | 59 | 134 | 161 | 134 | 132 | 136 | 127 | 245 | |
57 | 65 | 77 | 103 | 114 | 109 | 113 | 111 | 153 | 183 | |
Total Liabilities | 272 | 311 | 364 | 492 | 559 | 550 | 660 | 696 | 790 | 1,040 |
149 | 146 | 191 | 231 | 335 | 331 | 332 | 381 | 394 | 490 | |
CWIP | 2 | 19 | 12 | 92 | 16 | 6 | 55 | 12 | 48 | 86 |
Investments | 25 | 30 | 25 | 20 | 20 | 20 | 26 | 27 | 29 | 33 |
96 | 117 | 135 | 150 | 189 | 193 | 247 | 276 | 319 | 431 | |
Total Assets | 272 | 311 | 364 | 492 | 559 | 550 | 660 | 696 | 790 | 1,040 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
100 | 105 | 71 | 147 | 133 | ||||||
-35 | -123 | -42 | -133 | -204 | ||||||
-50 | 28 | -30 | -37 | 69 | ||||||
Net Cash Flow | 15 | 11 | 0 | -23 | -2 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 27 | 29 | 35 | 38 | 49 | 38 | 29 | 28 | 25 | 31 |
Inventory Days | 29 | 37 | 28 | 35 | 30 | 41 | 46 | 54 | 41 | 46 |
Days Payable | 36 | 29 | 38 | 38 | 43 | 44 | 46 | 38 | 38 | 45 |
Cash Conversion Cycle | 21 | 37 | 25 | 35 | 36 | 35 | 30 | 44 | 28 | 31 |
Working Capital Days | 12 | 20 | 18 | 19 | 31 | 17 | 30 | 37 | 21 | 28 |
ROCE % | 22% | 15% | 16% | 14% | 11% | 20% | 13% | 19% | 24% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Oct - Certificate under Regulation 74(5) for Q2 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
11 Oct - Management of the Company will be interacting with an Institutional Investor on October 16, 2024.
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Announcement under Regulation 30 (LODR)-Credit Rating
30 Sep - ICRA upgrades credit rating of Mrs. Bectors Food Specialities.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 27 Sep
- Submission Of Scrutinizer Report Pursuant To The Annual General Meeting. 27 Sep
Annual reports
Concalls
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Aug 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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Jun 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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Jun 2021Transcript PPT
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Feb 2021Transcript PPT
Business Segments