Flex Foods Ltd
Flex Foods Ltd. is engaged mainly in the business of cultivation and processing of Mushrooms, Herbs, Fruits & Vegetables in Freeze Dried, Air Dried and Individually Quick Frozen form. [1]
- Market Cap ₹ 137 Cr.
- Current Price ₹ 110
- High / Low ₹ 126 / 72.1
- Stock P/E
- Book Value ₹ 73.9
- Dividend Yield 0.45 %
- ROCE 0.68 %
- ROE -9.83 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 5.10% over past five years.
- Company has a low return on equity of 3.33% over last 3 years.
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
50 | 53 | 66 | 72 | 83 | 85 | 91 | 84 | 80 | 102 | 111 | 116 | 112 | |
42 | 43 | 50 | 54 | 64 | 66 | 74 | 67 | 69 | 82 | 92 | 105 | 116 | |
Operating Profit | 9 | 10 | 16 | 19 | 18 | 19 | 17 | 18 | 12 | 20 | 20 | 11 | -3 |
OPM % | 17% | 18% | 24% | 26% | 22% | 22% | 19% | 21% | 15% | 20% | 18% | 10% | -3% |
3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | 1 | 0 | |
Interest | 1 | 2 | 2 | 3 | 4 | 5 | 4 | 3 | 2 | 2 | 2 | 16 | 23 |
Depreciation | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 10 | 16 |
Profit before tax | 7 | 7 | 14 | 14 | 13 | 11 | 11 | 11 | 6 | 15 | 12 | -14 | -42 |
Tax % | 38% | 24% | 24% | 35% | 37% | 30% | 36% | -0% | -19% | 22% | 26% | 24% | |
4 | 6 | 10 | 9 | 8 | 8 | 7 | 11 | 7 | 12 | 9 | -11 | -32 | |
EPS in Rs | 3.36 | 4.48 | 8.31 | 7.56 | 6.56 | 6.31 | 5.47 | 8.86 | 5.45 | 9.64 | 7.33 | -8.51 | -25.42 |
Dividend Payout % | 60% | 45% | 27% | 30% | 38% | 40% | 0% | 11% | 14% | 10% | 14% | -6% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 5% |
3 Years: | 13% |
TTM: | 1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -2538% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 13% |
3 Years: | 13% |
1 Year: | 53% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 6% |
3 Years: | 3% |
Last Year: | -10% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
Reserves | 37 | 40 | 48 | 51 | 60 | 64 | 66 | 77 | 82 | 93 | 101 | 90 | 80 |
14 | 14 | 26 | 25 | 40 | 36 | 31 | 27 | 18 | 15 | 149 | 236 | 245 | |
17 | 17 | 20 | 24 | 27 | 28 | 29 | 24 | 27 | 27 | 38 | 41 | 45 | |
Total Liabilities | 80 | 83 | 106 | 113 | 139 | 141 | 139 | 141 | 139 | 149 | 300 | 379 | 382 |
42 | 40 | 52 | 55 | 76 | 75 | 81 | 83 | 80 | 76 | 78 | 234 | 276 | |
CWIP | 0 | 1 | 1 | 2 | 0 | 1 | 0 | 1 | 1 | 1 | 124 | 49 | 2 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
39 | 42 | 54 | 55 | 63 | 65 | 58 | 57 | 58 | 72 | 99 | 96 | 105 | |
Total Assets | 80 | 83 | 106 | 113 | 139 | 141 | 139 | 141 | 139 | 149 | 300 | 379 | 382 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
8 | 6 | 12 | 11 | 26 | 10 | 18 | 17 | 17 | 13 | 2 | 7 | |
-6 | -1 | -13 | -7 | -21 | -4 | -11 | -7 | -2 | -1 | -129 | -88 | |
-1 | -5 | 5 | -7 | 4 | -12 | -12 | -8 | -13 | -5 | 130 | 68 | |
Net Cash Flow | 1 | 0 | 4 | -4 | 9 | -6 | -5 | 2 | 1 | 7 | 3 | -13 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 61 | 66 | 93 | 62 | 82 | 87 | 82 | 73 | 48 | 92 | 89 | 94 |
Inventory Days | 470 | 368 | 365 | 680 | 464 | 590 | 389 | 681 | 671 | 278 | 257 | 602 |
Days Payable | 155 | 150 | 165 | 254 | 262 | 288 | 178 | 210 | 245 | 100 | 139 | 315 |
Cash Conversion Cycle | 375 | 284 | 293 | 488 | 284 | 389 | 294 | 544 | 474 | 269 | 207 | 380 |
Working Capital Days | 157 | 147 | 135 | 102 | 101 | 138 | 124 | 132 | 124 | 121 | 110 | 173 |
ROCE % | 13% | 14% | 21% | 20% | 17% | 14% | 13% | 13% | 7% | 15% | 8% | 1% |
Documents
Announcements
- Closure of Trading Window 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 7 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 21 Feb
- Unaudited Financial Results For The Quarter & Nine Months Ended 31St December, 2023 Along With The Limited Review Report Thereon 9 Feb
- Board Meeting Intimation for To Consider And Approve The Unaudited Financial Results Of The Company For The Quarter Ended 31St December, 2023 2 Feb
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
-
Financial Year 2009
from bse
Product Portfolio
Freeze Dried: It has a high shelf life and quality. It includes herbs, fruits, vegetables, and mushrooms. [1]
Air Dried: It has an excellent aroma and is also cost-effective. It includes herbs, and vegetables. [2]
Individual Quick Frozen: It freezes the product that is cut into smaller sizes, helping it maintain the shape, color, and texture of the product. It includes herbs, fruits, and vegetables. [3]
Canned: It helps maintain the moisture, pH level, and salinity of the product. It includes Baby corn, sweet corn, and mushrooms. [4]
Nutraceuticals: It provides extra health benefits in addition to the basic nutrition obtained from fruits and vegetables that we consume daily. Like, Neem, Moringa, White Musile, etc. [5]
Pickle: Mango and Mushroom pickle. [6]