Sundrop Brands Ltd

Sundrop Brands Ltd

₹ 848 5.98%
22 May - close price
About

Agro Tech Foods Ltd is primarily engaged in the business of manufacturing and trading of edible oils and food products.[1]

Key Points

Product Segments
1) Foods Business (55% in FY24 vs 44%in FY22): [1] [2] The foods portfolio of the company comprises of five categories – Ready to Cook Snacks, Ready to Eat Snacks, Spreads, Breakfast Cereals, and Chocolates under its brands like Act II Popcorn and Sundrop Peanut Butter. The foods business grew by 11% between FY22 and FY24, backed by volume growth in ACT II products in the ready-to-eat snacks segment and new segments, like chocolate confectionery and breakfast cereals. [1] [3]

  • Market Cap 3,201 Cr.
  • Current Price 848
  • High / Low 1,152 / 644
  • Stock P/E 88.8
  • Book Value 381
  • Dividend Yield 0.35 %
  • ROCE 0.24 %
  • ROE 3.72 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company's working capital requirements have reduced from 66.8 days to 46.3 days

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -17.8%
  • The company has delivered a poor sales growth of -1.03% over past five years.
  • Promoter holding is low: 33.9%
  • Company has a low return on equity of 3.06% over last 3 years.
  • Company's cost of borrowing seems high

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
213 186 236 224 202 187 201 192 178 180 206 208 199
200 180 226 210 189 176 193 184 173 175 200 195 201
Operating Profit 12 6 10 15 13 11 8 8 5 6 6 13 -2
OPM % 6% 3% 4% 7% 6% 6% 4% 4% 3% 3% 3% 6% -1%
2 0 0 0 0 1 0 0 3 0 0 -3 -142
Interest 1 1 1 1 1 1 1 0 0 1 0 0 0
Depreciation 5 5 5 5 5 5 5 5 5 5 5 5 6
Profit before tax 9 0 4 9 7 6 2 3 2 0 0 4 -151
Tax % 25% 30% 27% 26% 27% 26% 27% 26% 26% 44% 57% 30% -24%
7 0 3 7 5 4 2 2 2 0 0 3 -114
EPS in Rs 2.68 0.13 1.21 2.78 2.04 1.72 0.65 0.92 0.67 0.04 0.01 1.28 -30.23
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
765 760 782 808 812 824 835 892 916 848 758 793
694 699 725 747 746 759 777 832 862 804 726 770
Operating Profit 70 61 57 61 66 65 58 60 53 45 32 23
OPM % 9% 8% 7% 8% 8% 8% 7% 7% 6% 5% 4% 3%
-0 0 0 4 1 4 3 2 5 -0 4 -145
Interest 2 1 6 5 0 0 2 2 2 3 3 2
Depreciation 11 15 16 17 17 17 19 18 20 21 21 22
Profit before tax 58 45 36 44 49 52 41 42 35 20 13 -146
Tax % 25% 18% 34% 38% 35% 34% 17% 28% 26% 26% 26% -24%
43 37 23 27 32 34 34 30 26 15 10 -111
EPS in Rs 17.68 15.30 9.59 11.20 12.99 13.92 13.92 12.43 10.70 6.15 3.96 -29.37
Dividend Payout % 11% 13% 21% 18% 19% 18% 22% 24% 28% 49% 76% 0%
Compounded Sales Growth
10 Years: 0%
5 Years: -1%
3 Years: -5%
TTM: 5%
Compounded Profit Growth
10 Years: 0%
5 Years: 3%
3 Years: 16%
TTM: 366%
Stock Price CAGR
10 Years: 3%
5 Years: 13%
3 Years: 1%
1 Year: 19%
Return on Equity
10 Years: 6%
5 Years: 4%
3 Years: 3%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 24 24 24 24 24 24 24 24 24 24 24 38
Reserves 258 289 312 282 316 351 383 410 436 461 475 1,400
15 26 96 18 0 0 21 14 50 62 42 6
80 87 78 88 100 97 83 101 112 98 108 110
Total Liabilities 377 426 510 412 440 473 511 549 622 645 649 1,554
124 150 177 187 185 171 204 287 291 297 311 205
CWIP 35 42 36 16 15 12 55 8 10 26 30 1
Investments 9 12 16 16 16 52 32 24 23 23 23 1,079
210 223 282 193 225 238 220 231 298 300 285 269
Total Assets 377 426 510 412 440 473 511 549 622 645 649 1,554

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
35 41 -18 102 61 32 44 63 -29 22 61 78
-49 -42 -46 -14 -38 -37 -45 -44 -12 -42 -37 -20
7 4 59 -89 -14 1 1 -13 34 22 -19 -44
Net Cash Flow -6 3 -5 -0 9 -4 -0 5 -7 2 5 13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 10 12 20 18 22 36 33 15 32 30 32 29
Inventory Days 70 88 103 89 71 61 55 80 104 125 135 80
Days Payable 30 35 31 43 53 50 39 45 50 47 64 54
Cash Conversion Cycle 50 66 92 63 41 47 49 49 86 108 103 55
Working Capital Days 30 34 67 39 34 50 50 44 67 79 75 46
ROCE % 22% 15% 11% 12% 15% 14% 10% 10% 7% 5% 2% 0%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.77% 51.77% 51.77% 51.77% 51.77% 51.77% 51.77% 51.77% 51.77% 51.77% 51.77% 33.92%
7.67% 7.84% 7.92% 7.88% 7.89% 7.85% 7.89% 7.85% 0.70% 0.79% 1.26% 0.57%
4.66% 8.92% 9.62% 9.98% 10.43% 10.76% 11.27% 11.32% 7.93% 7.94% 7.93% 5.13%
33.63% 29.58% 30.20% 29.91% 29.39% 29.09% 28.63% 29.05% 39.60% 39.49% 39.04% 60.39%
2.26% 1.88% 0.48% 0.44% 0.52% 0.51% 0.43% 0.00% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 15,89215,96315,19218,33214,75414,28414,14114,97016,77716,28715,96015,869

* 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