Prataap Snacks Ltd

Prataap Snacks Ltd

₹ 854 -0.73%
24 May - close price
About

PrataapSnacks Limited (PSL) is an Indian snack food company engaged in manufacturing and marketing of multiple product variants like potato chips, extruded snacks and namkeen (traditional Indian snacks) under the Yellow Diamond brand and sweet snacks under the Rich Feast brand.

Key Points

Market Leadership[1]
The company is a market leader in Rings and top 5 in Western Savoury Snacks. In Q3FY24, PSL (Yellow Diamond + Avadh brands) emerged as the market leader in the Extruded Snacks category.[2]

  • Market Cap 2,040 Cr.
  • Current Price 854
  • High / Low 1,450 / 752
  • Stock P/E 37.9
  • Book Value 305
  • Dividend Yield 0.12 %
  • ROCE 10.8 %
  • ROE 7.66 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 20.5%

Cons

  • Stock is trading at 2.80 times its book value
  • Company has a low return on equity of 4.72% over last 3 years.
  • Promoter holding has decreased over last 3 years: -7.21%

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
266 239 328 342 361 383 457 426 387 388 434 408 388
252 227 307 325 357 385 435 403 368 355 396 374 353
Operating Profit 14 11 21 17 5 -2 22 23 19 33 38 35 35
OPM % 5% 5% 6% 5% 1% -1% 5% 5% 5% 8% 9% 9% 9%
3 1 8 -12 2 2 3 2 1 1 2 2 3
Interest 1 2 2 2 2 2 2 2 1 1 1 1 2
Depreciation 10 10 10 10 14 14 18 15 15 15 15 16 19
Profit before tax 6 1 17 -7 -9 -16 5 8 4 17 23 20 17
Tax % -66% 17% 16% 12% 68% 37% 37% 38% -495% 21% 28% 45% 27%
10 1 15 -6 -3 -10 3 5 22 13 17 11 12
EPS in Rs 4.18 0.44 6.20 -2.57 -1.25 -4.25 1.39 2.23 9.21 5.62 6.92 4.52 5.19
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
344 446 559 757 894 1,011 1,092 1,226 1,010 1,397 1,653 1,618
316 425 525 700 851 921 1,014 1,140 951 1,338 1,590 1,477
Operating Profit 28 20 34 57 43 90 78 86 60 58 63 141
OPM % 8% 5% 6% 8% 5% 9% 7% 7% 6% 4% 4% 9%
1 1 1 -2 4 10 11 9 8 -0 7 8
Interest 4 5 6 6 5 3 1 7 6 7 7 6
Depreciation 7 12 15 18 25 29 31 49 42 54 62 66
Profit before tax 18 5 13 31 16 68 57 38 20 -2 1 76
Tax % 16% -8% 24% 1% -34% 28% 21% 19% -5% 217% -1,288% 31%
15 5 10 30 22 49 45 31 21 3 20 53
EPS in Rs 479.22 174.68 317.14 971.55 11.42 20.80 19.02 13.16 8.89 1.22 8.64 22.25
Dividend Payout % 0% 0% 0% 0% 0% 5% 5% 8% 6% 41% 12% 9%
Compounded Sales Growth
10 Years: 14%
5 Years: 8%
3 Years: 17%
TTM: -2%
Compounded Profit Growth
10 Years: 26%
5 Years: 4%
3 Years: 37%
TTM: 164%
Stock Price CAGR
10 Years: %
5 Years: -1%
3 Years: 14%
1 Year: 6%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 5%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 0 0 0 2 12 12 12 12 12 12 12
Reserves 145 176 188 219 242 519 550 580 602 612 664 717
Preference Capital 1 1 1 1 0 0 0 0 0 0 0
42 50 45 54 54 7 18 73 57 80 60 81
34 53 66 71 94 131 177 193 164 203 176 202
Total Liabilities 222 280 299 344 392 669 756 858 835 907 911 1,012
125 143 158 168 218 226 266 341 307 550 581 653
CWIP 3 5 7 19 2 2 4 7 21 14 15 0
Investments 0 2 10 11 4 34 207 207 207 0 0 0
94 129 125 146 168 407 279 303 301 343 316 358
Total Assets 222 280 299 344 392 669 756 858 835 907 911 1,012

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
12 13 33 44 48 86 7 67 76 46 80 127
-92 -38 -29 -47 -51 -231 -52 -36 -73 -36 -25 -107
69 29 -9 5 6 189 12 -28 -15 -3 -52 -12
Net Cash Flow -11 4 -5 2 3 45 -33 3 -13 7 3 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 4 10 9 9 6 7 10 9 9 4 3 2
Inventory Days 64 58 52 48 46 46 54 54 62 51 41 48
Days Payable 33 42 45 39 42 51 39 36 43 32 32 39
Cash Conversion Cycle 35 26 16 18 10 3 25 27 29 24 13 12
Working Capital Days 25 8 7 12 4 4 22 24 33 21 17 28
ROCE % 15% 5% 9% 16% 7% 17% 10% 7% 4% 3% 1%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
71.48% 71.49% 71.49% 71.49% 71.17% 71.18% 71.18% 71.18% 69.96% 69.75% 64.30% 64.27%
4.66% 5.09% 5.10% 4.86% 4.63% 3.54% 3.48% 3.52% 3.37% 2.92% 5.40% 5.35%
16.49% 16.42% 14.85% 13.63% 13.27% 11.23% 11.20% 11.23% 11.00% 11.25% 11.11% 10.63%
7.37% 7.00% 8.56% 10.02% 10.93% 14.06% 14.13% 14.06% 15.68% 16.07% 19.18% 19.76%
No. of Shareholders 14,86016,05614,73814,01513,99113,71813,10913,03313,59113,19815,09616,739

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls