Tasty Dairy Specialities Ltd
Incorporated in 1992, Tasty Dairy Ltd is in procurement and processing of Milk and manufacture of various value-added products[1]
- Market Cap ₹ 22.9 Cr.
- Current Price ₹ 11.2
- High / Low ₹ 17.6 / 8.21
- Stock P/E
- Book Value ₹ 11.6
- Dividend Yield 0.00 %
- ROCE -3.36 %
- ROE -31.7 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.96 times its book value
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -30.0%
- The company has delivered a poor sales growth of -19.6% over past five years.
- Promoter holding is low: 34.2%
- Company has a low return on equity of -38.9% over last 3 years.
- Debtor days have increased from 69.6 to 98.0 days.
* 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 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 149 | 163 | 334 | 239 | 332 | 365 | 403 | 328 | 162 | 111 | 71 | |
| 143 | 161 | 322 | 226 | 318 | 353 | 391 | 342 | 195 | 114 | 104 | |
| Operating Profit | 7 | 2 | 13 | 13 | 14 | 12 | 12 | -14 | -34 | -3 | -33 |
| OPM % | 4% | 1% | 4% | 5% | 4% | 3% | 3% | -4% | -21% | -3% | -46% |
| 0 | 9 | 1 | 0 | 0 | 1 | 0 | 2 | 1 | 11 | 4 | |
| Interest | 3 | 4 | 4 | 5 | 5 | 4 | 5 | 5 | 6 | 6 | 7 |
| Depreciation | 1 | 2 | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 1 | 2 |
| Profit before tax | 2 | 5 | 6 | 6 | 7 | 7 | 6 | -19 | -41 | 1 | -37 |
| Tax % | 19% | 21% | 25% | 23% | 24% | 20% | 30% | 25% | 29% | 115% | |
| 2 | 4 | 5 | 5 | 5 | 6 | 4 | -14 | -29 | -0 | -31 | |
| EPS in Rs | 62.33 | 120.33 | 51.33 | 50.22 | 2.61 | 2.91 | 2.01 | -6.77 | -14.18 | -0.04 | -15.02 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -20% |
| 3 Years: | -35% |
| TTM: | -32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -11% |
| 3 Years: | -25% |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -16% |
| 3 Years: | -39% |
| Last Year: | -32% |
Balance Sheet
Figures in Rs. Crores
| Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 9 | 9 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 4 | 8 | 21 | 25 | 42 | 48 | 52 | 38 | 9 | 11 | 3 |
| 40 | 32 | 43 | 47 | 36 | 43 | 50 | 63 | 70 | 64 | 69 | |
| 9 | 14 | 10 | 11 | 6 | 6 | 22 | 7 | 7 | 7 | 5 | |
| Total Liabilities | 56 | 57 | 83 | 92 | 104 | 117 | 145 | 129 | 107 | 103 | 98 |
| 19 | 17 | 17 | 16 | 14 | 12 | 13 | 12 | 9 | 16 | 15 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 7 | 0 | 0 |
| Investments | 0 | 0 | 0 | 2 | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| 38 | 40 | 67 | 74 | 90 | 104 | 130 | 113 | 90 | 87 | 84 | |
| Total Assets | 56 | 57 | 83 | 92 | 104 | 117 | 145 | 129 | 107 | 103 | 98 |
Cash Flows
Figures in Rs. Crores
| Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -10 | 13 | 6 | -9 | -3 | 1 | -7 | 0 | 10 | ||
| -10 | 4 | -4 | 2 | -1 | -2 | -1 | -3 | 1 | ||
| 19 | -12 | -1 | 7 | 2 | 1 | 8 | 3 | -11 | ||
| Net Cash Flow | -0 | 4 | 0 | 1 | -1 | 0 | 0 | -1 | 0 |
Ratios
Figures in Rs. Crores
| Mar 2011 | Mar 2012 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 25 | 15 | 9 | 28 | 24 | 20 | 48 | 38 | 73 | 98 |
| Inventory Days | 57 | 54 | 48 | 73 | 58 | 69 | 64 | 68 | 57 | 106 |
| Days Payable | 8 | 17 | 2 | 11 | 2 | 1 | 17 | 6 | 11 | 21 |
| Cash Conversion Cycle | 73 | 52 | 55 | 91 | 80 | 88 | 94 | 99 | 120 | 183 |
| Working Capital Days | 65 | 43 | 59 | 87 | 84 | 90 | 91 | 105 | 138 | 196 |
| ROCE % | 10% | 14% | 13% | 11% | 10% | -12% | -31% | -3% |
Documents
Announcements
- Board Meeting Outcome for Board Meeting Outcome For Outcome Of The Board Meeting 26 Apr
- Compliance Certificate Under Regulation 40(9) And 40(10) Of SEBI (LODR) Regulations, 2015 21 Apr
- Board Meeting Intimation for To Consider, Discuss And Review The Current Scenario Of Business And State Of Affairs Of The Company. 18 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 15 Apr
-
Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015
15 Apr - Compliance Certificate for the year ended March 31, 2024
Annual reports
Concalls
-
Oct 2020TranscriptNotesPPT
-
Oct 2018TranscriptNotesPPT
-
Jun 2018TranscriptPPT
Business Overview:[1]
Company is listed as an SME on BSE. It is in processing milk, along with bulk milk procurement and handling which primarily caters to bulk institutional customers. Company manufactures value-added milk products like Skimmed Milk Powder, Butter, Ghee, etc. which are packaged under the brand names Ujjwal, Shikhar, Verifresh, Cima, Mithai Master and are marketed in Uttar Pradesh, Madhya Pradesh, and Bihar.