Ovobel Foods Ltd
Incorporated in 1996, Ovobel Foods Ltd is in the business of manufacturing and distribution of Eggs powders & other egg related product[1]
- Market Cap ₹ 68.0 Cr.
- Current Price ₹ 64.8
- High / Low ₹ 264 / 56.7
- Stock P/E 48.2
- Book Value ₹ 77.2
- Dividend Yield 0.00 %
- ROCE 27.7 %
- ROE 26.4 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.84 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.7%
- Debtor days have improved from 26.6 to 16.7 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.6.95 Cr.
* 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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
83 | 105 | 98 | 106 | 74 | 83 | 97 | 109 | 111 | 125 | 221 | 175 | 170 | |
86 | 93 | 92 | 107 | 80 | 92 | 102 | 111 | 117 | 125 | 170 | 153 | 172 | |
Operating Profit | -3 | 13 | 6 | -1 | -6 | -9 | -5 | -2 | -6 | -0 | 52 | 21 | -2 |
OPM % | -3% | 12% | 7% | -1% | -8% | -11% | -5% | -2% | -6% | -0% | 23% | 12% | -1% |
4 | 7 | 8 | 10 | 5 | 16 | 15 | 8 | 6 | 2 | 3 | 5 | 7 | |
Interest | 2 | 23 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
Profit before tax | -0 | -4 | 13 | 6 | -3 | 5 | 8 | 4 | -3 | 0 | 53 | 24 | 2 |
Tax % | 0% | 0% | 31% | 32% | 21% | 14% | 33% | 29% | -29% | 85% | 26% | 25% | |
-0 | -4 | 9 | 4 | -4 | 5 | 6 | 3 | -2 | 0 | 39 | 18 | 1 | |
EPS in Rs | -0.28 | -3.71 | 8.78 | 3.98 | -3.34 | 4.31 | 5.38 | 2.59 | -1.72 | 0.02 | 36.97 | 17.04 | 1.34 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 12% |
3 Years: | 16% |
TTM: | -17% |
Compounded Profit Growth | |
---|---|
10 Years: | 21% |
5 Years: | 26% |
3 Years: | 128% |
TTM: | -96% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 33% |
3 Years: | 34% |
1 Year: | -71% |
Return on Equity | |
---|---|
10 Years: | 34% |
5 Years: | 34% |
3 Years: | 45% |
Last Year: | 26% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Reserves | -11 | -15 | -1 | 3 | -0 | 4 | 10 | 12 | 10 | 10 | 49 | 67 | 72 |
12 | 11 | 16 | 14 | 13 | 12 | 12 | 12 | 16 | 27 | 29 | 19 | 26 | |
12 | 31 | 30 | 32 | 28 | 16 | 5 | 7 | 7 | 9 | 13 | 6 | 9 | |
Total Liabilities | 23 | 37 | 56 | 61 | 51 | 42 | 37 | 42 | 44 | 56 | 100 | 103 | 117 |
2 | 2 | 2 | 3 | 5 | 4 | 4 | 3 | 4 | 3 | 3 | 13 | 14 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 9 | 9 |
21 | 35 | 53 | 58 | 46 | 38 | 34 | 38 | 40 | 53 | 89 | 81 | 91 | |
Total Assets | 23 | 37 | 56 | 61 | 51 | 42 | 37 | 42 | 44 | 56 | 100 | 103 | 117 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2 | 12 | 8 | -2 | -3 | 1 | 3 | 1 | -1 | -5 | 41 | 7 | |
-3 | -6 | -7 | 1 | 4 | 0 | -0 | -0 | -2 | -0 | -41 | -1 | |
-1 | -2 | -2 | -1 | -1 | -1 | -1 | -0 | 3 | 11 | 0 | -11 | |
Net Cash Flow | -1 | 4 | -1 | -3 | -0 | 0 | 1 | 0 | -0 | 6 | 0 | -5 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 45 | 38 | 47 | 60 | 54 | 52 | 26 | 25 | 31 | 34 | 29 | 17 |
Inventory Days | 26 | 31 | 31 | 37 | 73 | 46 | 49 | 58 | 50 | 66 | 48 | 76 |
Days Payable | 44 | 26 | 16 | 15 | 8 | 14 | 15 | 7 | 12 | 11 | 7 | 5 |
Cash Conversion Cycle | 27 | 43 | 62 | 82 | 120 | 85 | 60 | 76 | 69 | 89 | 71 | 88 |
Working Capital Days | 19 | -38 | 5 | 44 | 43 | 61 | 73 | 74 | 74 | 81 | 45 | 82 |
ROCE % | 11% | 219% | 90% | 29% | -7% | 25% | 32% | 14% | -4% | 2% | 81% | 28% |
Documents
Announcements
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Copy Of Report Filed With SEBI Under Regulation 10(7) Of SEBI (SAST) Regulations, 2011 For Shares Acquired Under Regulation 10(1)(A)(Ii) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
26 Apr - Acquirers increased stake in Ovobel Foods to 68.42% by acquiring 21.3% shares at Rs.63.51 each.
-
Correction Of Pincode In Registered Office Address
2 Apr - Correction of registered office pincode to 560001.
-
General Disclosure Under Regulation 30 Of SEBI (LODR) Regulations 2015
26 Mar - Redemption of non-convertible debentures from Greenergy Bio Refineries.
- Closure of Trading Window 26 Mar
- Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011 19 Mar
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2005
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Financial Year 2002
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Business Overview:[1]
OFL is a FCCS Certified manufacturer of Egg Products. In collaboration with Ovobel NV, Belgium, company manufactures and exports Whole Egg, Yolk, Albumen Powders and Frozen. It's products are a replacement for fresh eggs in Industrial Food Processing Applications viz. in Baking, Pasta, Doughnut Premixes, Mayonnaise, Baby Food, Fish & Meat and Food Services