Ovobel Foods Ltd

Ovobel Foods Ltd

₹ 208 -0.60%
21 Jun - close price
About

Incorporated in 1996, Ovobel Foods Ltd is in the business of manufacturing and distribution of Eggs powders & other egg related product[1]

Key Points

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

  • Market Cap 218 Cr.
  • Current Price 208
  • High / Low 365 / 193
  • Stock P/E 12.2
  • Book Value 73.0
  • Dividend Yield 0.00 %
  • ROCE 27.5 %
  • ROE 26.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 25.9% CAGR over last 5 years
  • 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

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
28.35 25.00 30.06 33.89 36.14 48.63 59.87 54.66 58.18 49.08 45.88 50.80 28.88
29.69 29.19 31.51 33.32 31.35 43.30 46.36 41.70 38.76 35.64 34.96 50.94 32.05
Operating Profit -1.34 -4.19 -1.45 0.57 4.79 5.33 13.51 12.96 19.42 13.44 10.92 -0.14 -3.17
OPM % -4.73% -16.76% -4.82% 1.68% 13.25% 10.96% 22.57% 23.71% 33.38% 27.38% 23.80% -0.28% -10.98%
1.11 0.53 0.76 0.04 0.61 0.03 0.76 1.47 1.17 1.21 1.33 1.34 1.32
Interest 0.45 0.20 0.12 0.23 0.09 0.25 0.29 0.37 0.37 0.40 0.36 0.40 0.23
Depreciation 0.26 0.22 0.23 0.23 0.23 0.18 0.19 0.20 0.20 0.19 0.23 0.26 0.30
Profit before tax -0.94 -4.08 -1.04 0.15 5.08 4.93 13.79 13.86 20.02 14.06 11.66 0.54 -2.38
Tax % 74.47% 11.76% -35.58% 146.67% 0.00% 28.40% 19.51% 31.24% 26.67% 24.75% 25.56% 24.07% 24.79%
-0.23 -3.59 -1.41 -0.07 5.08 3.53 11.10 9.53 14.67 10.58 8.68 0.41 -1.79
EPS in Rs -0.22 -3.42 -1.34 -0.07 4.84 3.36 10.57 9.08 13.97 10.08 8.27 0.39 -1.70
Raw PDF

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
83 105 98 106 74 83 97 109 111 125 221 175
86 93 92 107 80 92 102 111 117 125 170 154
Operating Profit -3 13 6 -1 -6 -9 -5 -2 -6 -0 52 21
OPM % -3% 12% 7% -1% -8% -11% -5% -2% -6% -0% 23% 12%
4 7 8 10 5 16 15 8 6 2 3 5
Interest 2 23 1 2 1 1 1 1 1 1 1 1
Depreciation 0 0 0 1 1 1 1 1 1 1 1 1
Profit before tax -0 -4 13 6 -3 5 8 4 -3 0 53 24
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
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
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: -21%
Compounded Profit Growth
10 Years: 21%
5 Years: 26%
3 Years: 128%
TTM: -54%
Stock Price CAGR
10 Years: %
5 Years: 70%
3 Years: 68%
1 Year: -21%
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
Equity Capital 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
12 11 16 14 13 12 12 12 16 27 29 19
12 31 30 32 28 16 5 7 7 9 13 6
Total Liabilities 23 37 56 61 51 42 37 42 44 56 100 103
2 2 2 3 5 4 4 3 4 3 3 13
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 9 9
21 35 53 58 46 38 34 38 40 53 89 81
Total Assets 23 37 56 61 51 42 37 42 44 56 100 103

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 70 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%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
14.14% 68.78% 68.78% 68.78% 69.25% 69.25% 69.25% 76.54% 75.08% 70.13% 68.71% 68.71%
9.53% 9.53% 9.53% 9.53% 9.53% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
76.33% 21.69% 21.69% 21.69% 21.22% 30.75% 30.74% 23.46% 24.91% 29.85% 31.29% 31.28%
No. of Shareholders 1,8971,9001,9041,9141,8731,8961,9042,4783,6585,5516,7366,888

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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