Annapurna Swadisht Ltd
Incorporated in 2015, Annapurna Swadisht Limited is a manufacturer of snacks and food products, namely, Fryums, cakes, candy, namkeen, chips, and Gohona Bori.[1]
- Market Cap ₹ 659 Cr.
- Current Price ₹ 379
- High / Low ₹ 427 / 212
- Stock P/E 60.8
- Book Value ₹ 54.3
- Dividend Yield 0.00 %
- ROCE 23.4 %
- ROE 20.9 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 119 to 45.3 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -2.89%
* 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
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|
| 14 | 20 | 12 | 160 | 226 | |
| 13 | 19 | 11 | 147 | 204 | |
| Operating Profit | 1 | 1 | 1 | 13 | 21 |
| OPM % | 6% | 7% | 8% | 8% | 9% |
| -0 | 0 | -0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 2 | 3 |
| Depreciation | 0 | 0 | 0 | 2 | 3 |
| Profit before tax | 1 | 1 | 1 | 10 | 16 |
| Tax % | 34% | 35% | 24% | 28% | |
| 0 | 1 | 1 | 7 | 11 | |
| EPS in Rs | 55.00 | 4.35 | 6.37 | ||
| Dividend Payout % | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 127% |
| TTM: | 121% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 176% |
| TTM: | 169% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 52% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 21% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|
| Equity Capital | 0 | 16 | 17 | |
| Reserves | 8 | 43 | 77 | |
| 8 | 24 | 23 | ||
| 15 | 28 | 39 | ||
| Total Liabilities | 31 | 112 | 156 | |
| 9 | 24 | 31 | ||
| CWIP | 2 | 11 | 26 | |
| Investments | -0 | -0 | 4 | |
| 20 | 77 | 96 | ||
| Total Assets | 31 | 112 | 156 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| 0 | -26 | |||
| -1 | -27 | |||
| 2 | 59 | |||
| Net Cash Flow | 1 | 5 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|
| Debtor Days | 193 | 45 | ||
| Inventory Days | 369 | 99 | ||
| Days Payable | 359 | 60 | ||
| Cash Conversion Cycle | 204 | 84 | ||
| Working Capital Days | 84 | 87 | ||
| ROCE % | 23% |
Leading FMCG company[1] Annapurna Swadisht Limited sells 12 Lakh+ packets of products daily. The company is one of the largest FMCG players in Eastern India in fast growing segments in Fryums, Cakes, Candies, Namkeen, and Potato Chips.