Tasty Dairy Specialities Ltd

Tasty Dairy Specialities Ltd

₹ 11.0 1.48%
24 Apr 10:37 a.m.
About

Incorporated in 1992, Tasty Dairy Ltd is in procurement and processing of Milk and manufacture of various value-added products[1]

Key Points

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.

  • Market Cap 22.5 Cr.
  • Current Price 11.0
  • 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 0.93 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -19.6% over past five years.
  • Company has a low return on equity of -38.9% over last 3 years.
  • Promoters have pledged 46.7% of their holding.
  • Debtor days have increased from 69.6 to 98.0 days.
  • Promoter holding has decreased over last 3 years: -10.3%

* 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
105 62 44 52 41 26 26 24 28 33 22 9 8
103 85 42 52 41 61 27 24 29 34 25 8 36
Operating Profit 3 -23 2 -0 -0 -35 -1 -0 -1 -1 -4 0 -28
OPM % 2% -36% 4% -0% -0% -137% -4% -0% -3% -3% -17% 3% -351%
0 2 0 0 0 0 0 1 6 4 0 -0 -0
Interest 1 1 2 1 2 2 2 2 1 2 2 2 2
Depreciation 0 0 0 0 0 0 0 0 0 1 1 1 1
Profit before tax 1 -23 0 -2 -2 -37 -3 -1 4 1 -6 -2 -31
Tax % 31% 27% 20% 20% 24% 29% 27% 28% -16% 200% 26% 2% 25%
1 -17 0 -2 -2 -26 -2 -1 4 -1 -4 -2 -23
EPS in Rs 0.31 -8.14 0.06 -0.73 -0.74 -12.76 -1.05 -0.44 2.05 -0.61 -2.10 -1.00 -11.31
Raw PDF

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: -13%
3 Years: -23%
1 Year: -18%
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%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.49% 74.49% 74.49% 74.49% 74.49% 74.49% 73.99% 71.27% 64.20% 64.20% 64.20% 64.20%
25.51% 25.51% 25.51% 25.51% 25.51% 25.51% 26.01% 28.73% 35.80% 35.81% 35.81% 35.81%
No. of Shareholders 1,1151,8712,7433,3053,9014,1744,1195,1956,3946,3296,6606,826

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