Tasty Bite Eatables Ltd

Tasty Bite Eatables Ltd

₹ 10,527 3.23%
10 Jun - close price
About

Tasty Bite Eatables is a manufacturer of ethnic and natural vegetarian packaged and ready to eat/serve (RTE) and Read-to-cook (RTC) food products, which is sold under the “Tasty Bite” brand in the United States of America, Australia, the United Kingdom, Germany and Canada. [1] It is one of the fastest growing Asian food brands in the United States.[2]

Key Points

Products
Retail: Co has a vast selection of entrees, ready-to-cook sauces, and organic rice and whole-grain preparations. Its products are available in the US, Canada, Australia, New Zealand, Japan, Germany, and the UK.
Foodservice: Tasty Bite Food Service (TFS) is a partner of leading QSR, Cloud-Kitchen & HORECA brands in the foodservice industry for a range of unique products such as sauces, meals and frozen food in the domestic market.[1]
Food Service (TFS).
Xclusive: Co offers snacks made of grains and vegetables with a myriad of spices from around the world[2]

  • Market Cap 2,700 Cr.
  • Current Price 10,527
  • High / Low 15,223 / 7,311
  • Stock P/E 105
  • Book Value 1,213
  • Dividend Yield 0.02 %
  • ROCE 10.7 %
  • ROE 8.57 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 8.68 times its book value
  • The company has delivered a poor sales growth of 5.42% over past five years.
  • Company has a low return on equity of 12.5% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.18.6 Cr.

* 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

Figures in Rs. Crores

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
100.52 118.58 141.97 105.48 109.62 153.75 144.99 132.69 108.91 85.29 156.70 178.68 133.74
88.54 104.40 121.93 94.19 91.16 120.72 125.12 119.62 100.65 83.68 140.08 156.06 122.82
Operating Profit 11.98 14.18 20.04 11.29 18.46 33.03 19.87 13.07 8.26 1.61 16.62 22.62 10.92
OPM % 11.92% 11.96% 14.12% 10.70% 16.84% 21.48% 13.70% 9.85% 7.58% 1.89% 10.61% 12.66% 8.17%
3.72 4.97 2.12 3.34 3.34 5.01 4.83 4.25 3.79 2.24 6.49 4.81 5.07
Interest 2.51 2.14 2.34 2.61 2.41 1.91 2.17 1.39 1.53 1.31 1.81 1.88 1.19
Depreciation 6.24 6.55 7.07 6.83 7.02 7.49 7.33 7.60 7.15 7.47 7.58 7.38 7.36
Profit before tax 6.95 10.46 12.75 5.19 12.37 28.64 15.20 8.33 3.37 -4.93 13.72 18.17 7.44
Tax % 32.95% 25.43% 25.41% 27.36% 26.19% 25.38% 25.20% 24.97% 24.63% -25.35% 26.53% 28.34% 16.80%
4.66 7.80 9.51 3.77 9.13 21.37 11.36 6.25 2.55 -3.69 10.08 13.03 6.19
EPS in Rs 18.16 30.40 37.06 14.69 35.58 83.28 44.27 24.36 9.94 -14.38 39.28 50.78 24.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
145 167 196 252 296 337 426 385 372 476 540 554
134 152 174 209 248 291 381 332 338 411 464 503
Operating Profit 12 15 21 43 48 46 45 54 34 65 76 52
OPM % 8% 9% 11% 17% 16% 14% 11% 14% 9% 14% 14% 9%
0 11 13 3 7 18 29 19 13 13 16 19
Interest 2 3 2 3 2 4 4 3 8 9 7 6
Depreciation 4 7 7 9 11 13 17 17 24 27 30 30
Profit before tax 6 16 25 34 41 47 53 53 14 41 56 34
Tax % 31% 35% 34% 36% 36% 36% 23% 25% 29% 26% 25% 26%
4 11 16 22 26 30 41 39 10 30 42 26
EPS in Rs 16.87 42.05 62.82 85.70 103.12 117.15 159.24 153.31 40.26 117.73 161.81 99.81
Dividend Payout % 6% 2% 3% 2% 2% 2% 1% 1% 2% 2% 1% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 5%
3 Years: 14%
TTM: 3%
Compounded Profit Growth
10 Years: 9%
5 Years: -9%
3 Years: 35%
TTM: -40%
Stock Price CAGR
10 Years: 27%
5 Years: -1%
3 Years: 4%
1 Year: -1%
Return on Equity
10 Years: 17%
5 Years: 13%
3 Years: 13%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

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 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 31 42 58 72 97 129 161 204 215 241 284 309
45 44 41 63 54 39 71 175 138 134 86 73
30 24 30 32 38 54 65 66 76 83 74 71
Total Liabilities 109 113 131 170 192 225 300 448 431 461 447 455
64 61 61 65 76 82 98 179 189 207 238 216
CWIP 1 0 0 9 2 10 26 42 62 54 19 21
Investments 0 1 2 0 0 0 0 0 0 0 0 0
45 51 68 96 113 132 175 226 180 200 190 218
Total Assets 109 113 131 170 192 225 300 448 431 461 447 455

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
23 10 15 12 21 56 37 40 65 61 67 39
-21 -4 -7 -24 -7 -30 -52 -56 -47 -34 -16 -12
-7 -4 -6 11 -12 -23 15 43 -49 -18 -56 -20
Net Cash Flow -5 2 1 -1 2 2 -0 27 -31 10 -5 7

Ratios

Figures in Rs. Crores

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 36 40 43 48 45 42 49 51 53 44 40 49
Inventory Days 55 48 56 69 72 87 77 104 98 106 97 91
Days Payable 92 58 58 50 55 68 62 74 91 83 58 54
Cash Conversion Cycle -0 30 42 66 63 60 64 82 61 68 79 85
Working Capital Days 15 43 59 80 65 66 66 100 84 73 71 86
ROCE % 11% 23% 28% 31% 30% 32% 28% 18% 6% 14% 17% 11%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.23% 74.23% 74.23% 74.23% 74.23% 74.23% 74.23% 74.23% 74.23% 74.23% 74.23% 74.23%
3.60% 3.61% 3.56% 3.67% 3.61% 3.73% 3.77% 4.12% 4.12% 3.87% 3.79% 3.74%
0.14% 0.97% 0.98% 0.89% 0.62% 0.48% 0.47% 0.47% 0.47% 0.48% 0.44% 0.61%
22.03% 21.18% 21.24% 21.21% 21.53% 21.57% 21.50% 21.16% 21.17% 21.41% 21.52% 21.41%
No. of Shareholders 17,43517,79217,08816,63215,34813,70213,93713,25014,82022,17921,64521,777

* 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.

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