Britannia Industries Ltd
Britannia Industries is one of Indias leading food companies with a 100 year legacy and annual revenues in excess of Rs. 9000 Cr. Britannia is among the most trusted food brands, and manufactures Indias favorite brands like Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold which are household names in India. Britannias product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt.
Part of Wadia Group#
Britannia Industries belongs to the Wadia Group, a reputed Indian Business house who has presence in wide range of business segments like Airlines (Go Air), Realty ( Bombay Realty), Textiles ( Bombay Dyeing) and Plantations and other business (Bombay Burmah trading Corporation which is also the Ultimate holding company of Britannia Industries)
- Market Cap ₹ 90,229 Cr.
- Current Price ₹ 3,746
- High / Low ₹ 4,015 / 2,697
- Stock P/E 48.1
- Book Value ₹ 111
- Dividend Yield 3.87 %
- ROCE 37.4 %
- ROE 32.7 %
- Face Value ₹ 1.00
Pros
- Stock is providing a good dividend yield of 3.87%.
- Company has a good return on equity (ROE) track record: 3 Years ROE 31.92%
- Company has been maintaining a healthy dividend payout of 40.33%
Cons
- Stock is trading at 33.74 times its book value
- The company has delivered a poor sales growth of 8.10% over past five years.
Peer comparison
Sector: FMCG Industry: Food - Processing - MNC
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,421 | 3,773 | 4,609 | 5,485 | 6,185 | 6,913 | 7,858 | 8,397 | 9,054 | 9,914 | 11,055 | 11,600 | 12,873 | |
3,209 | 3,616 | 4,373 | 5,174 | 5,765 | 6,286 | 7,008 | 7,174 | 7,776 | 8,413 | 9,322 | 9,756 | 10,415 | |
Operating Profit | 212 | 156 | 237 | 311 | 421 | 627 | 850 | 1,224 | 1,278 | 1,501 | 1,732 | 1,843 | 2,458 |
OPM % | 6% | 4% | 5% | 6% | 7% | 9% | 11% | 15% | 14% | 15% | 16% | 16% | 19% |
Other Income | 83 | 34 | 59 | 59 | 52 | 34 | 248 | 115 | 151 | 166 | 206 | 263 | 328 |
Interest | 33 | 23 | 44 | 42 | 41 | 8 | 4 | 5 | 5 | 8 | 9 | 77 | 114 |
Depreciation | 66 | 58 | 65 | 62 | 73 | 83 | 144 | 113 | 119 | 142 | 162 | 185 | 194 |
Profit before tax | 196 | 109 | 187 | 267 | 358 | 569 | 950 | 1,220 | 1,304 | 1,518 | 1,768 | 1,844 | 2,478 |
Tax % | 27% | 5% | 28% | 25% | 27% | 30% | 28% | 32% | 32% | 34% | 35% | 24% | |
Net Profit | 151 | 103 | 134 | 200 | 260 | 395 | 689 | 825 | 884 | 1,004 | 1,159 | 1,403 | 1,874 |
EPS in Rs | 3.17 | 2.16 | 5.62 | 8.35 | 10.85 | 16.48 | 28.71 | 34.36 | 36.85 | 41.83 | 48.23 | 58.33 | 77.88 |
Dividend Payout % | 63% | 58% | 58% | 51% | 39% | 36% | 28% | 29% | 30% | 30% | 31% | 60% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 8% |
3 Years: | 9% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 28% |
5 Years: | 20% |
3 Years: | 17% |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | 34% |
5 Years: | 22% |
3 Years: | 13% |
1 Year: | 38% |
Return on Equity | |
---|---|
10 Years: | 37% |
5 Years: | 35% |
3 Years: | 32% |
Last Year: | 33% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | |
Reserves | 697 | 259 | 302 | 385 | 532 | 774 | 1,221 | 2,068 | 2,672 | 3,382 | 4,229 | 4,379 | 2,650 |
Borrowings | 275 | 657 | 618 | 604 | 380 | 150 | 145 | 131 | 125 | 201 | 156 | 1,538 | 2,452 |
496 | 574 | 675 | 829 | 948 | 1,159 | 1,403 | 1,271 | 1,288 | 1,581 | 1,829 | 1,889 | 2,341 | |
Total Liabilities | 1,492 | 1,513 | 1,619 | 1,842 | 1,883 | 2,107 | 2,793 | 3,494 | 4,109 | 5,188 | 6,238 | 7,830 | 7,467 |
471 | 499 | 505 | 624 | 737 | 848 | 844 | 950 | 1,160 | 1,346 | 1,688 | 1,878 | 1,811 | |
CWIP | 6 | 10 | 13 | 111 | 147 | 107 | 48 | 90 | 30 | 203 | 101 | 40 | 70 |
Investments | 377 | 366 | 389 | 249 | 108 | 198 | 518 | 788 | 487 | 1,079 | 1,476 | 2,893 | 2,003 |
638 | 637 | 713 | 858 | 891 | 954 | 1,383 | 1,665 | 2,432 | 2,560 | 2,972 | 3,019 | 3,584 | |
Total Assets | 1,492 | 1,513 | 1,619 | 1,842 | 1,883 | 2,107 | 2,793 | 3,494 | 4,109 | 5,188 | 6,238 | 7,830 | 7,467 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
250 | 238 | 296 | 246 | 320 | 671 | 584 | 959 | 441 | 1,249 | 1,156 | 1,485 | |
-6 | -37 | -118 | -65 | 28 | -246 | -450 | -705 | -150 | -957 | -852 | -1,526 | |
-113 | -223 | -166 | -168 | -378 | -357 | -181 | -246 | -295 | -232 | -353 | 58 | |
Net Cash Flow | 132 | -22 | 13 | 13 | -30 | 68 | -47 | 8 | -4 | 60 | -49 | 17 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 21% | 16% | 22% | 29% | 39% | 60% | 66% | 68% | 52% | 47% | 44% | 37% |
Debtor Days | 8 | 7 | 6 | 8 | 7 | 6 | 6 | 7 | 7 | 11 | 13 | 10 |
Inventory Turnover | 7.02 | 8.29 | 9.47 | 9.26 | 9.80 | 10.77 | 11.65 | 12.09 | 10.33 | 9.49 | 9.39 | 9.33 |
Documents
Recent announcements
- Compliance Certificate For The Half Year Ended 31St March, 2021 2h
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
- Certificate In Respect Of Issue Of Commercial Papers For The Quarter Ended 31St March, 2021 1d
- Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Apr
- Outcome Of Board Meeting For Declaration Of Interim Dividend For FY 2020-21 2 Apr
View all
Annual reports
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2010
from nse