Oceanic Foods Ltd
Incorporated in 1993, Oceanic Foods Ltd is in processing and sales of dehydrated vegetables[1]
- Market Cap ₹ 34.0 Cr.
- Current Price ₹ 30.2
- High / Low ₹ 31.4 / 21.3
- Stock P/E 19.1
- Book Value ₹ 28.6
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 10.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 1.06 times its book value
- Debtor days have improved from 59.3 to 40.1 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 1.76% over past five years.
- Company has a low return on equity of 9.56% 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
49.34 | 50.21 | 71.44 | 81.19 | 62.62 | 78.26 | 81.50 | 78.40 | 91.12 | 106.31 | 123.81 | 88.93 | 90.91 | |
45.67 | 46.39 | 69.83 | 75.97 | 56.87 | 71.58 | 76.70 | 72.64 | 84.65 | 101.63 | 117.79 | 83.21 | 86.53 | |
Operating Profit | 3.67 | 3.82 | 1.61 | 5.22 | 5.75 | 6.68 | 4.80 | 5.76 | 6.47 | 4.68 | 6.02 | 5.72 | 4.38 |
OPM % | 7.44% | 7.61% | 2.25% | 6.43% | 9.18% | 8.54% | 5.89% | 7.35% | 7.10% | 4.40% | 4.86% | 6.43% | 4.82% |
0.22 | 0.03 | 2.94 | 0.16 | 0.21 | 0.21 | 0.13 | 0.08 | 0.20 | 0.60 | 0.26 | 0.12 | 0.03 | |
Interest | 1.98 | 1.75 | 2.39 | 3.03 | 2.95 | 3.15 | 2.28 | 1.72 | 2.00 | 1.45 | 1.86 | 0.64 | 0.29 |
Depreciation | 0.27 | 0.29 | 0.33 | 0.51 | 0.64 | 0.66 | 0.71 | 0.91 | 0.88 | 0.90 | 1.00 | 1.07 | 1.08 |
Profit before tax | 1.64 | 1.81 | 1.83 | 1.84 | 2.37 | 3.08 | 1.94 | 3.21 | 3.79 | 2.93 | 3.42 | 4.13 | 3.04 |
Tax % | 34.15% | 32.60% | 29.51% | 33.15% | 34.18% | 34.74% | 33.51% | 23.68% | 23.75% | 24.91% | 22.22% | 27.12% | |
1.07 | 1.22 | 1.30 | 1.23 | 1.57 | 2.01 | 1.29 | 2.45 | 2.89 | 2.20 | 2.67 | 3.02 | 1.78 | |
EPS in Rs | 13.38 | 15.25 | 16.25 | 15.38 | 1.89 | 1.78 | 1.14 | 2.17 | 2.57 | 1.96 | 2.37 | 2.68 | 1.58 |
Dividend Payout % | 5.14% | 4.71% | 4.62% | 5.08% | 4.38% | 4.66% | 7.27% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 2% |
3 Years: | -1% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | 19% |
3 Years: | 1% |
TTM: | -34% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -6% |
3 Years: | -12% |
1 Year: | 11% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 10% |
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 | 0.25 | 0.25 | 0.25 | 0.25 | 2.75 | 3.75 | 3.75 | 3.75 | 11.25 | 11.25 | 11.25 | 11.25 | 11.25 |
Reserves | 4.14 | 5.30 | 6.53 | 7.64 | 6.64 | 13.50 | 14.67 | 16.91 | 12.14 | 14.36 | 17.04 | 20.05 | 20.95 |
12.95 | 19.85 | 19.95 | 20.55 | 25.13 | 16.75 | 18.77 | 20.22 | 13.40 | 14.43 | 11.99 | 1.32 | 1.09 | |
6.84 | 4.64 | 8.54 | 10.07 | 3.99 | 9.50 | 5.98 | 5.22 | 7.93 | 8.51 | 11.29 | 9.19 | 14.85 | |
Total Liabilities | 24.18 | 30.04 | 35.27 | 38.51 | 38.51 | 43.50 | 43.17 | 46.10 | 44.72 | 48.55 | 51.57 | 41.81 | 48.14 |
9.95 | 11.48 | 12.00 | 11.87 | 10.04 | 11.93 | 13.00 | 13.67 | 13.67 | 13.10 | 13.32 | 13.01 | 12.77 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.14 |
Investments | 0.32 | 0.32 | 0.74 | 0.76 | 0.76 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
13.91 | 18.24 | 22.53 | 25.88 | 27.71 | 31.56 | 30.16 | 32.43 | 31.05 | 35.45 | 38.25 | 28.66 | 35.23 | |
Total Assets | 24.18 | 30.04 | 35.27 | 38.51 | 38.51 | 43.50 | 43.17 | 46.10 | 44.72 | 48.55 | 51.57 | 41.81 | 48.14 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-3.30 | 3.14 | 2.89 | 0.93 | 6.76 | 6.50 | -5.81 | 9.08 | 1.82 | 4.74 | 13.86 | ||
-1.79 | -0.77 | -0.38 | 1.09 | -1.46 | -1.68 | 6.60 | -0.80 | 0.12 | -0.97 | -0.78 | ||
5.10 | -2.41 | -2.49 | 1.28 | -5.57 | -0.51 | -0.35 | -9.02 | -1.42 | -4.30 | -11.31 | ||
Net Cash Flow | 0.02 | -0.04 | 0.01 | 3.30 | -0.27 | 4.31 | 0.44 | -0.74 | 0.52 | -0.54 | 1.78 |
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 | 47.20 | 50.60 | 74.75 | 58.71 | 66.22 | 72.38 | 56.79 | 70.58 | 93.53 | 73.75 | 64.18 | 40.06 |
Inventory Days | 70.59 | 104.21 | 40.81 | 55.46 | 68.05 | 53.89 | 29.60 | 82.99 | 25.89 | 49.02 | 52.64 | 81.51 |
Days Payable | 56.41 | 32.42 | 45.28 | 48.09 | 17.37 | 46.79 | 26.02 | 12.67 | 20.49 | 18.12 | 14.30 | 35.37 |
Cash Conversion Cycle | 61.38 | 122.39 | 70.28 | 66.09 | 116.90 | 79.48 | 60.38 | 140.90 | 98.93 | 104.65 | 102.51 | 86.19 |
Working Capital Days | 55.33 | 102.86 | 75.31 | 74.36 | 121.12 | 90.39 | 77.84 | 123.93 | 93.17 | 92.12 | 80.72 | 74.37 |
ROCE % | 26.22% | 16.66% | 10.70% | 17.65% | 16.80% | 18.18% | 11.86% | 12.63% | 14.91% | 11.40% | 12.75% | 13.09% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 12 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 Apr
- PCS Certificate Under Regulation 40(9) Of SEBI LODR, 2015 12 Apr
- Closure of Trading Window 27 Mar
- Reason For Delay For Financial Results 13 Mar
Product Profile:[1][2]
a) Dehydrated Garlic:
Dehydrated Garlic Flakes, Dehydrated
Garlic Chopped, Dehydrated Garlic Minced, Dehydrated Garlic Granules, Dehydrated Garlic Powder, Dehydrated Toasted Garlic (All Forms), Dehydrated Fried Garlic
b) Dehydrated Onion:
White, Red & Pink Onions - Dehydrated
Onion Flakes, Dehydrated Onion Chopped, Dehydrated Onion Minced, Dehydrated
Onion Granules, Dehydrated Onion Powder, Dehydrated Onion Toasted (All Forms), Dehydrated Onion Fried
c) Other Products:
Chilly Powder, Mint Powder, Curry Powder, Amchur Powder, Methi Powder, Tamarin Powder, Coriander Powder, Potato Powder, etc.