Mrs Bectors Food Specialities Ltd

Mrs Bectors Food Specialities Ltd

₹ 1,234 7.19%
26 Apr - close price
About

Mrs. Bectors Food Specialities Ltd was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995. [1] It manufactures biscuits and bakery products that are marketed under Mrs. Bector’s Cremica and Mrs. Bector’s English Oven brands, respectively. [2]
Mrs. Rajni Bector started the enterprise in 1978 by manufacturing ice creams, bread, and biscuits. [3] It is promoted by Mr. Anoop Bector who has over 25 years of industry experience. He is also the Managing Director of the Company. [4]

Key Points

Business Segments

  • Market Cap 7,257 Cr.
  • Current Price 1,234
  • High / Low 1,374 / 600
  • Stock P/E 62.0
  • Book Value 95.6
  • Dividend Yield 0.24 %
  • ROCE 18.8 %
  • ROE 15.9 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 18.9% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 23.8%
  • Company's working capital requirements have reduced from 29.5 days to 21.5 days

Cons

  • Stock is trading at 12.9 times its book value

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
213 211 214 230 245 234 279 322 342 321 347 386 400
176 184 188 200 216 212 252 284 297 279 296 327 346
Operating Profit 36 27 26 31 29 22 27 38 45 43 51 58 55
OPM % 17% 13% 12% 13% 12% 9% 10% 12% 13% 13% 15% 15% 14%
1 1 1 6 2 1 2 3 3 4 4 3 4
Interest 2 2 2 1 2 2 3 4 4 2 2 3 3
Depreciation 11 10 10 10 11 11 12 12 13 12 13 14 15
Profit before tax 25 15 16 26 18 10 14 24 32 32 40 44 40
Tax % 25% 26% 26% 21% 26% 18% 26% 26% 25% 25% 26% 25% 25%
19 11 12 20 13 8 10 18 24 24 30 33 30
EPS in Rs 3.18 1.94 2.02 3.45 2.23 1.41 1.77 3.05 4.04 4.11 5.10 5.57 5.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
559 556 588 650 736 708 838 924 1,264 1,454
495 496 527 576 652 626 705 815 1,112 1,248
Operating Profit 64 60 60 74 84 82 133 109 153 207
OPM % 11% 11% 10% 11% 11% 12% 16% 12% 12% 14%
3 18 2 4 8 7 10 11 12 15
Interest 7 4 4 6 13 16 10 7 13 10
Depreciation 18 19 22 24 31 39 42 43 49 55
Profit before tax 42 55 37 47 48 35 91 69 102 157
Tax % 35% 30% 31% 32% 32% 18% 26% 23% 25%
27 39 25 32 32 28 68 53 76 117
EPS in Rs 9.44 13.52 8.84 5.60 5.65 4.93 11.54 9.09 12.96 19.90
Dividend Payout % 0% 7% 11% 13% 13% 15% 21% 27% 23%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 21%
TTM: 24%
Compounded Profit Growth
10 Years: %
5 Years: 19%
3 Years: 39%
TTM: 94%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 50%
1 Year: 101%
Return on Equity
10 Years: %
5 Years: 14%
3 Years: 15%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 29 29 29 57 57 57 59 59 59 59
Reserves 141 176 199 198 227 250 356 390 451 504
45 41 59 134 161 134 132 136 127 151
57 65 77 103 114 109 113 111 152 195
Total Liabilities 272 311 364 492 559 550 660 696 790 909
149 146 191 231 335 331 332 381 394 448
CWIP 2 19 12 92 16 6 55 12 48 25
Investments 25 30 25 20 20 20 26 27 29 30
96 117 135 150 189 193 247 276 319 406
Total Assets 272 311 364 492 559 550 660 696 790 909

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
100 105 71 147
-35 -123 -42 -133
-50 28 -30 -37
Net Cash Flow 15 11 0 -23

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 27 29 35 38 49 38 29 28 25
Inventory Days 29 37 28 35 30 41 46 54 41
Days Payable 36 29 38 38 43 44 46 38 38
Cash Conversion Cycle 21 37 25 35 36 35 30 44 28
Working Capital Days 12 20 18 19 31 17 30 37 21
ROCE % 22% 15% 16% 14% 11% 20% 13% 19%

Shareholding Pattern

Numbers in percentages

7 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.09% 51.09% 51.07% 51.07% 51.11% 51.14% 51.14% 51.14% 51.17% 51.18% 51.18% 51.19%
3.36% 1.99% 2.00% 2.08% 1.30% 1.31% 2.87% 5.64% 7.57% 9.10% 9.32% 8.39%
6.19% 5.91% 4.88% 4.29% 13.73% 15.25% 15.81% 16.12% 18.24% 18.71% 17.98% 21.10%
39.36% 41.02% 42.05% 42.56% 33.86% 32.30% 30.18% 27.10% 23.02% 21.02% 21.53% 19.33%
No. of Shareholders 1,28,0191,23,5981,18,9391,14,1521,20,1701,11,32797,79682,77174,73185,55293,21091,418

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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