Spectrum Foods Ltd

Spectrum Foods Ltd

₹ 30.0 -2.72%
24 Apr 11:10 a.m.
About

Incorporated in 1984, Spectrum Foods Ltd (a part of Saboo Sodium Chloro Limited) is in the business of trading of salt and power generation through wind mill[1]

Key Points

Product Profile:
a) Salt:[1] Brand name Surya Salt, Tota Salt, Saboo Salt
b) Spices:[2]
Company offer spices in various forms, viz.
whole, grounded, blended and flakes which includes – turmeric powder, red chili powder,
cumin seeds, fennel powder, coriander seeds, fenugreek seeds, mixed spices and others
c) Guar Gum:[3]
Used in food, beverages, pharmaceuticals, cosmetics, paper, textile, construction, oil & gas well drilling, mining, etc.
d) Windmill:[4]
Company has 1 x 1.5 MW Wind power project wind turbine located in District Ratlam, Madhya Pradesh for generating electricity. This produced electricity from the said windmill plant is sold to Madhya Pradesh Madhya Kshetra Vidyut Company Ltd

  • Market Cap 72.7 Cr.
  • Current Price 30.0
  • High / Low 42.4 / 17.3
  • Stock P/E 23.6
  • Book Value 2.52
  • Dividend Yield 0.00 %
  • ROCE 21.3 %
  • ROE %
  • Face Value 10.0

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 11.9 times its book value
  • Promoters have pledged 49.1% of their holding.

* 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
2.72 3.98 2.80 3.89 3.38 6.11 4.10 3.37 3.68 4.56 5.33 5.05 5.12
1.42 5.56 1.58 2.72 2.18 8.18 1.82 0.94 2.28 8.51 2.62 1.49 3.36
Operating Profit 1.30 -1.58 1.22 1.17 1.20 -2.07 2.28 2.43 1.40 -3.95 2.71 3.56 1.76
OPM % 47.79% -39.70% 43.57% 30.08% 35.50% -33.88% 55.61% 72.11% 38.04% -86.62% 50.84% 70.50% 34.38%
0.01 0.01 0.00 0.19 0.01 -0.01 0.00 0.04 0.00 0.07 0.01 0.02 0.01
Interest 0.23 0.24 0.18 0.17 0.17 0.15 0.14 0.14 0.09 0.03 0.00 0.03 0.01
Depreciation 0.36 0.38 0.32 0.32 0.32 0.32 0.28 0.28 0.28 0.29 0.25 0.25 0.25
Profit before tax 0.72 -2.19 0.72 0.87 0.72 -2.55 1.86 2.05 1.03 -4.20 2.47 3.30 1.51
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% -0.78% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.72 -2.19 0.72 0.87 0.72 -2.57 1.85 2.05 1.03 -4.20 2.47 3.30 1.51
EPS in Rs 0.30 -0.90 0.30 0.36 0.30 -1.06 0.76 0.85 0.43 -1.74 1.02 1.36 0.62
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
0.53 0.23 1.53 1.94 5.25 8.46 8.06 7.01 5.31 7.56 14.18 9.98 20.06
1.29 0.24 1.48 1.59 2.99 6.13 6.23 4.74 2.31 5.92 12.67 7.83 15.98
Operating Profit -0.76 -0.01 0.05 0.35 2.26 2.33 1.83 2.27 3.00 1.64 1.51 2.15 4.08
OPM % -143.40% -4.35% 3.27% 18.04% 43.05% 27.54% 22.70% 32.38% 56.50% 21.69% 10.65% 21.54% 20.34%
0.88 0.04 0.01 0.27 0.17 0.17 0.33 0.84 0.33 0.05 0.19 0.12 0.11
Interest 0.00 0.00 0.01 0.50 1.58 1.69 1.33 1.50 1.46 0.97 0.66 0.40 0.07
Depreciation 0.00 0.00 0.00 1.17 2.07 2.58 2.45 2.07 1.72 1.47 1.28 1.14 1.04
Profit before tax 0.12 0.03 0.05 -1.05 -1.22 -1.77 -1.62 -0.46 0.15 -0.75 -0.24 0.73 3.08
Tax % 16.67% 66.67% 0.00% 0.00% 0.00% 0.00% 0.00% -58.70% 6.67% -152.00% -8.33% 46.58%
0.10 0.01 0.05 -1.04 -1.22 -1.77 -1.63 -0.73 0.14 -1.89 -0.25 0.38 3.08
EPS in Rs 0.09 0.01 0.04 -0.43 -0.50 -0.73 -0.67 -0.30 0.06 -0.78 -0.10 0.16 1.26
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 46%
5 Years: 4%
3 Years: 23%
TTM: 16%
Compounded Profit Growth
10 Years: 44%
5 Years: 17%
3 Years: 39%
TTM: 31%
Stock Price CAGR
10 Years: 20%
5 Years: 11%
3 Years: 81%
1 Year: 48%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

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 3.80 3.80 3.93 6.37 6.37 6.37 6.37 4.85 4.85 4.85 4.85 4.85 4.85
Reserves 0.00 1.45 2.31 0.59 -0.63 -2.40 -4.02 -3.23 -3.10 -4.99 -5.24 -4.86 1.26
1.35 1.91 7.96 22.08 20.47 18.51 17.65 17.05 14.02 8.90 9.84 1.16 1.07
0.32 0.28 1.12 3.63 4.92 5.92 4.00 3.08 3.98 8.36 7.18 12.74 8.23
Total Liabilities 5.47 7.44 15.32 32.67 31.13 28.40 24.00 21.75 19.75 17.12 16.63 13.89 15.41
0.67 0.57 8.95 8.56 18.15 17.25 14.80 12.53 10.81 9.82 9.16 8.07 7.75
CWIP 0.00 0.46 0.00 12.11 1.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.99 1.22 1.45 4.85 3.75 2.87 2.85 2.94 3.18 1.19 0.61 0.90 0.90
3.81 5.19 4.92 7.15 7.78 8.28 6.35 6.28 5.76 6.11 6.86 4.92 6.76
Total Assets 5.47 7.44 15.32 32.67 31.13 28.40 24.00 21.75 19.75 17.12 16.63 13.89 15.41

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
-0.16 -0.94 -0.79 0.72 2.21 2.97 1.75 1.47 3.10 4.90 0.69 9.07
4.17 -2.49 -7.70 -16.16 -0.83 0.61 0.45 0.59 1.40 1.16 -0.57 -0.06
-1.11 1.99 7.00 15.39 -1.51 -3.64 -2.17 -2.04 -4.49 -6.08 -0.65 -0.40
Net Cash Flow 2.90 -1.44 -1.49 -0.05 -0.14 -0.07 0.03 0.02 0.02 -0.02 -0.52 8.62

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 34.43 0.00 11.93 101.60 75.09 72.48 55.25 47.38 102.42 58.42 52.00 46.45
Inventory Days 73.00 15,877.50 736.19 1,078.53 883.47 839.71 423.77 1,120.55 1,787.97 341.22 153.13 89.62
Days Payable 88.21 4,197.50 327.88 987.97 817.10 968.41 109.81 167.90 259.20 40.25 30.82 272.58
Cash Conversion Cycle 19.23 11,680.00 420.23 192.16 141.45 -56.22 369.21 1,000.03 1,631.19 359.38 174.30 -136.52
Working Capital Days 303.02 5,030.65 830.20 588.89 149.48 73.78 80.16 153.60 112.73 -55.04 6.44 -292.95
ROCE % -13.44% 0.49% 0.56% -3.15% 1.27% -0.78% -2.21% 3.62% 9.35% 2.20% 4.61% 21.32%

Shareholding Pattern

Numbers in percentages

20 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
42.37% 42.37% 42.37% 42.03% 42.03% 42.03% 42.03% 42.03% 42.03% 42.03% 42.03% 42.03%
57.63% 57.63% 57.63% 57.97% 57.97% 57.97% 57.97% 57.97% 57.97% 57.96% 57.98% 57.97%
No. of Shareholders 5866075755905916187408148159242,1185,439

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