Prataap Snacks Ltd

₹ 893 1.81%
30 Sep - 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

Pan India presence
The company has its presence in 27 states and 4 Union Territories with 14 Manufacturing plants (5 owned and 9 contract manufacturing plants). The company sells 11 Million packs of snacks every day.[1]

  • Market Cap 2,094 Cr.
  • Current Price 893
  • High / Low 953 / 563
  • Stock P/E 297
  • Book Value 266
  • Dividend Yield 0.06 %
  • ROCE 2.64 %
  • ROE 2.37 %
  • Face Value 5.00

Pros

  • Company has been maintaining a healthy dividend payout of 17.9%
  • Company's median sales growth is 19.1% of last 10 years

Cons

  • Stock is trading at 3.35 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 9.33% over past five years.
  • Company has a low return on equity of 4.18% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
331 388 361 314 196 327 339 310 280 371 385 361 383
304 357 339 300 188 303 322 296 269 346 367 357 385
Operating Profit 27 31 22 14 8 23 18 14 11 24 18 5 -2
OPM % 8% 8% 6% 4% 4% 7% 5% 4% 4% 7% 5% 1% -1%
2 2 3 2 2 2 2 3 1 8 -12 2 2
Interest 2 2 2 2 2 2 1 1 2 2 2 2 2
Depreciation 15 16 15 15 16 13 13 13 13 13 13 14 14
Profit before tax 12 16 7 -1 -8 11 5 2 -2 17 -8 -9 -16
Tax % 20% 23% 22% 2,075% 21% 23% 15% -210% 27% 15% 15% 68% 28%
Net Profit 10 12 6 20 -6 8 5 7 -2 15 -7 -3 -11
EPS in Rs 4.11 5.11 2.35 8.43 -2.54 3.60 1.94 3.04 -0.68 6.26 -3.09 -1.26 -4.86
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
173 344 446 559 757 894 1,017 1,171 1,394 1,171 1,397 1,500
154 316 425 525 700 851 930 1,087 1,300 1,108 1,338 1,454
Operating Profit 18 28 20 34 57 43 87 83 94 63 58 45
OPM % 11% 8% 5% 6% 8% 5% 9% 7% 7% 5% 4% 3%
1 1 1 1 -5 2 7 11 9 9 -0 0
Interest 1 4 5 6 6 5 3 1 7 6 7 7
Depreciation 3 7 12 15 18 25 30 38 62 55 54 55
Profit before tax 15 18 5 13 28 15 62 56 34 11 -2 -16
Tax % 17% 17% -8% 24% 1% -38% 28% 20% -39% -28% 222%
Net Profit 13 15 5 10 27 21 44 45 47 14 3 -7
EPS in Rs 409.74 482.79 174.68 316.50 875.00 10.80 18.84 19.03 20.01 6.04 1.24 -2.95
Dividend Payout % 0% 0% 0% 0% 0% 0% 5% 5% 5% 8% 40%
Compounded Sales Growth
10 Years: 23%
5 Years: 9%
3 Years: 6%
TTM: 19%
Compounded Profit Growth
10 Years: 2%
5 Years: -6%
3 Years: -31%
TTM: -62%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 0%
1 Year: 34%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 4%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
1 1 1 1 1 2 12 12 12 12 12
Reserves 101 146 176 188 216 236 508 550 596 611 613
0 42 50 45 54 80 7 18 73 57 80
22 34 53 66 71 98 136 246 239 205 203
Total Liabilities 123 222 280 299 341 416 663 826 921 886 907
63 125 143 158 168 205 268 526 588 558 550
CWIP 3 3 15 24 30 52 2 7 20 21 14
Investments 0 0 0 0 0 0 0 0 0 0 0
56 94 122 117 143 159 392 293 313 307 343
Total Assets 123 222 280 299 341 416 663 826 921 886 907

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
6 11 13 33 43 31 84 11 75 77 46
-50 -92 -38 -29 -47 -59 -193 -43 -49 -77 -36
58 69 29 -9 5 33 163 8 -28 -15 -2
Net Cash Flow 14 -11 4 -5 2 5 53 -24 -2 -15 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 11 4 10 9 9 6 7 10 9 8 4
Inventory Days 79 64 58 52 48 46 48 53 49 57 51
Days Payable 47 33 42 43 38 42 53 38 32 38 32
Cash Conversion Cycle 44 35 26 18 19 10 2 25 25 27 24
Working Capital Days 31 25 19 16 16 4 6 22 22 30 21
ROCE % 15% 5% 9% 16% 6% 15% 10% 7% 3% 3%

Shareholding Pattern

Numbers in percentages

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
71.43 71.43 71.44 71.44 71.48 71.48 71.48 71.48 71.49 71.49 71.49 71.17
9.07 9.13 8.19 5.83 4.90 4.88 4.78 4.66 5.09 5.10 4.86 4.63
14.69 14.78 15.53 15.92 16.30 16.33 16.44 16.49 16.42 14.85 13.63 13.27
4.81 4.66 4.84 6.80 7.32 7.31 7.30 7.37 7.00 8.56 10.02 10.93

Documents

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