Prataap Snacks Ltd

Prataap Snacks Ltd

₹ 1,112 -3.39%
28 Feb - 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
The company is a market leader in Rings, Top 2 in Extruded Snacks, and Top 5 in Western Savoury Snacks. [1]

  • Market Cap 2,660 Cr.
  • Current Price 1,112
  • High / Low 1,450 / 661
  • Stock P/E 130
  • Book Value 288
  • Dividend Yield 0.09 %
  • ROCE 1.15 %
  • ROE 3.14 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 20.0%
  • Company's working capital requirements have reduced from 22.7 days to 16.9 days

Cons

  • Stock is trading at 3.86 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -5.45%
  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 2.83% 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

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
314 196 327 339 310 280 371 385 361 383 457 426 387
300 188 303 322 296 269 346 367 357 385 435 403 368
Operating Profit 14 8 23 18 14 11 24 18 5 -2 22 23 19
OPM % 4% 4% 7% 5% 4% 4% 7% 5% 1% -1% 5% 5% 5%
2 2 2 2 3 1 8 -12 2 2 3 2 1
Interest 2 2 2 1 1 2 2 2 2 2 2 2 1
Depreciation 15 16 13 13 13 13 13 13 14 14 18 15 15
Profit before tax -1 -8 11 5 2 -2 17 -8 -9 -16 5 8 4
Tax % 2,075% 21% 23% 15% -210% 27% 15% 15% 68% 28% 18% 38% -495%
20 -6 8 5 7 -2 15 -7 -3 -11 4 5 22
EPS in Rs 8.43 -2.54 3.60 1.94 3.04 -0.68 6.26 -3.09 -1.26 -4.86 1.81 2.24 9.21
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 Mar 2023
173 344 446 559 757 894 1,017 1,171 1,394 1,171 1,397 1,653
154 316 425 525 700 851 930 1,087 1,300 1,108 1,338 1,590
Operating Profit 18 28 20 34 57 43 87 83 94 63 58 63
OPM % 11% 8% 5% 6% 8% 5% 9% 7% 7% 5% 4% 4%
1 1 1 1 -5 2 7 11 9 9 -0 8
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 62
Profit before tax 15 18 5 13 28 15 62 56 34 11 -2 2
Tax % 17% 17% -8% 24% 1% -38% 28% 20% -39% -28% 222% -1,245%
13 15 5 10 27 21 44 45 47 14 3 20
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 8.66
Dividend Payout % 0% 0% 0% 0% 0% 0% 5% 5% 5% 8% 40% 12%
Compounded Sales Growth
10 Years: 17%
5 Years: 10%
3 Years: 6%
TTM: 18%
Compounded Profit Growth
10 Years: 3%
5 Years: -14%
3 Years: -24%
TTM: 8%
Stock Price CAGR
10 Years: %
5 Years: 6%
3 Years: 21%
1 Year: 39%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 3%
Last Year: 3%

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 Mar 2023
Equity Capital 0 0 0 0 0 2 12 12 12 12 12 12
Reserves 101 146 176 188 216 236 508 550 596 611 613 665
Preference Capital 1 1 1 1 1 0 0 0 0 0 0 0
0 42 50 45 54 80 7 18 73 57 80 60
22 34 53 66 71 98 136 246 239 205 203 176
Total Liabilities 123 222 280 299 341 416 663 826 921 886 907 912
63 125 143 158 168 205 268 526 588 558 550 581
CWIP 3 3 15 24 30 52 2 7 20 21 14 15
Investments 0 0 0 0 0 0 0 0 0 0 0 0
56 94 122 117 143 159 392 293 313 307 343 316
Total Assets 123 222 280 299 341 416 663 826 921 886 907 912

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 Mar 2023
6 11 13 33 43 31 84 11 75 77 46 80
-50 -92 -38 -29 -47 -59 -193 -43 -49 -77 -36 -25
58 69 29 -9 5 33 163 8 -28 -15 -2 -52
Net Cash Flow 14 -11 4 -5 2 5 53 -24 -2 -15 7 3

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 Mar 2023
Debtor Days 11 4 10 9 9 6 7 10 9 8 4 3
Inventory Days 79 64 58 52 48 46 48 53 49 57 51 41
Days Payable 47 33 42 43 38 42 53 38 32 38 32 32
Cash Conversion Cycle 44 35 26 18 19 10 2 25 25 27 24 13
Working Capital Days 31 25 19 16 16 4 6 22 22 30 21 17
ROCE % 15% 5% 9% 16% 6% 15% 10% 7% 3% 3% 1%

Shareholding Pattern

Numbers in percentages

5 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
71.48% 71.48% 71.49% 71.49% 71.49% 71.17% 71.18% 71.18% 71.18% 69.96% 69.75% 64.30%
4.78% 4.66% 5.09% 5.10% 4.86% 4.63% 3.54% 3.48% 3.52% 3.37% 2.92% 5.40%
16.44% 16.49% 16.42% 14.85% 13.63% 13.27% 11.23% 11.20% 11.23% 11.00% 11.25% 11.11%
7.30% 7.37% 7.00% 8.56% 10.02% 10.93% 14.06% 14.13% 14.06% 15.68% 16.07% 19.18%
No. of Shareholders 13,58314,86016,05614,73814,01513,99113,71813,10913,03313,59113,19815,096

* 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