Flex Foods Ltd

Flex Foods Ltd

₹ 129 17.05%
19 Apr - close price
About

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]

Key Points

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]

  • Market Cap 160 Cr.
  • Current Price 129
  • High / Low 132 / 81.0
  • Stock P/E
  • Book Value 73.9
  • Dividend Yield 0.39 %
  • 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

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
27 29 22 35 26 28 28 29 26 35 27 23 28
23 22 17 29 22 24 24 27 27 30 23 24 38
Operating Profit 4 6 5 5 4 4 4 2 -0 5 3 -2 -10
OPM % 15% 22% 22% 15% 15% 16% 15% 7% -1% 15% 13% -8% -37%
1 0 1 0 0 0 0 0 0 -0 0 0 0
Interest 0 1 0 0 0 1 1 1 2 12 3 3 5
Depreciation 1 1 1 1 1 1 1 2 3 4 4 4 4
Profit before tax 3 5 4 4 2 2 2 -1 -6 -10 -4 -9 -19
Tax % 14% 24% 26% 26% 36% 18% 30% 15% 24% 27% 31% 26% 24%
2 4 3 3 1 2 2 -0 -4 -7 -2 -7 -15
EPS in Rs 1.94 2.97 2.24 2.33 1.20 1.56 1.26 -0.37 -3.40 -6.01 -1.98 -5.53 -11.90
Raw PDF

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: 15%
5 Years: 17%
3 Years: 17%
1 Year: 47%
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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
59.68% 59.68% 59.68% 59.68% 59.78% 59.85% 59.85% 59.85% 59.85% 59.85% 59.85% 59.85%
40.32% 40.32% 40.32% 40.32% 40.22% 40.14% 40.16% 40.15% 40.15% 40.14% 40.15% 40.15%
No. of Shareholders 12,39413,61812,93912,85312,76412,43212,03412,08211,82211,57910,78010,162

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