Tasty Bite Eatables Ltd
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]
- Market Cap ₹ 3,195 Cr.
- Current Price ₹ 12,450
- High / Low ₹ 16,270 / 9,100
- Stock P/E 194
- Book Value ₹ 1,117
- Dividend Yield 0.02 %
- ROCE 17.1 %
- ROE 16.2 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 10.8 times its book value
- The company has delivered a poor sales growth of 9.91% over past five years.
- Company has a low return on equity of 11.9% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.15.1 Cr.
- Dividend payout has been low at 1.81% of profits 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
Part of BSE Fast Moving Consumer Goods BSE SmallCap BSE Allcap
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
112 | 145 | 167 | 196 | 252 | 296 | 337 | 426 | 385 | 372 | 476 | 540 | 472 | |
99 | 134 | 152 | 174 | 209 | 248 | 291 | 381 | 332 | 338 | 411 | 464 | 429 | |
Operating Profit | 13 | 12 | 15 | 21 | 43 | 48 | 46 | 45 | 54 | 34 | 65 | 76 | 43 |
OPM % | 11% | 8% | 9% | 11% | 17% | 16% | 14% | 11% | 14% | 9% | 14% | 14% | 9% |
0 | 0 | 11 | 13 | 3 | 7 | 18 | 29 | 19 | 13 | 13 | 16 | 15 | |
Interest | 1 | 2 | 3 | 2 | 3 | 2 | 4 | 4 | 3 | 8 | 9 | 7 | 6 |
Depreciation | 3 | 4 | 7 | 7 | 9 | 11 | 13 | 17 | 17 | 24 | 27 | 30 | 30 |
Profit before tax | 9 | 6 | 16 | 25 | 34 | 41 | 47 | 53 | 53 | 14 | 41 | 56 | 22 |
Tax % | 32% | 31% | 35% | 34% | 36% | 36% | 36% | 23% | 25% | 29% | 26% | 25% | |
6 | 4 | 11 | 16 | 22 | 26 | 30 | 41 | 39 | 10 | 30 | 42 | 16 | |
EPS in Rs | 24.67 | 16.87 | 42.05 | 62.82 | 85.70 | 103.12 | 117.15 | 159.24 | 153.31 | 40.26 | 117.73 | 161.81 | 64.19 |
Dividend Payout % | 4% | 6% | 2% | 3% | 2% | 2% | 2% | 1% | 1% | 2% | 2% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 10% |
3 Years: | 12% |
TTM: | -8% |
Compounded Profit Growth | |
---|---|
10 Years: | 26% |
5 Years: | 7% |
3 Years: | 3% |
TTM: | -62% |
Stock Price CAGR | |
---|---|
10 Years: | 35% |
5 Years: | 6% |
3 Years: | -8% |
1 Year: | -22% |
Return on Equity | |
---|---|
10 Years: | 19% |
5 Years: | 16% |
3 Years: | 12% |
Last Year: | 16% |
Balance Sheet
Figures in Rs. Crores
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 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 27 | 31 | 42 | 58 | 72 | 97 | 129 | 161 | 204 | 215 | 241 | 284 |
44 | 45 | 44 | 41 | 63 | 54 | 39 | 71 | 175 | 138 | 134 | 86 | |
20 | 30 | 24 | 30 | 32 | 38 | 54 | 65 | 66 | 76 | 83 | 74 | |
Total Liabilities | 93 | 109 | 113 | 131 | 170 | 192 | 225 | 300 | 448 | 431 | 461 | 447 |
32 | 64 | 61 | 61 | 65 | 76 | 82 | 98 | 179 | 189 | 207 | 238 | |
CWIP | 12 | 1 | 0 | 0 | 9 | 2 | 10 | 26 | 42 | 62 | 54 | 19 |
Investments | 0 | 0 | 1 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
49 | 45 | 51 | 68 | 96 | 113 | 132 | 175 | 226 | 180 | 200 | 190 | |
Total Assets | 93 | 109 | 113 | 131 | 170 | 192 | 225 | 300 | 448 | 431 | 461 | 447 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-2 | 23 | 10 | 15 | 12 | 21 | 56 | 37 | 40 | 65 | 61 | 67 | |
-15 | -21 | -4 | -7 | -24 | -7 | -30 | -52 | -56 | -47 | -34 | -16 | |
20 | -7 | -4 | -6 | 11 | -12 | -23 | 15 | 43 | -49 | -18 | -56 | |
Net Cash Flow | 3 | -5 | 2 | 1 | -1 | 2 | 2 | -0 | 27 | -31 | 10 | -5 |
Ratios
Figures in Rs. Crores
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 | 58 | 36 | 40 | 43 | 48 | 45 | 42 | 49 | 51 | 53 | 44 | 40 |
Inventory Days | 56 | 55 | 48 | 56 | 69 | 72 | 87 | 77 | 104 | 98 | 106 | 97 |
Days Payable | 72 | 92 | 58 | 58 | 50 | 55 | 68 | 62 | 74 | 91 | 83 | 58 |
Cash Conversion Cycle | 42 | -0 | 30 | 42 | 66 | 63 | 60 | 64 | 82 | 61 | 68 | 79 |
Working Capital Days | 46 | 15 | 43 | 59 | 80 | 65 | 66 | 66 | 100 | 84 | 73 | 71 |
ROCE % | 17% | 11% | 23% | 28% | 31% | 30% | 32% | 28% | 18% | 6% | 14% | 17% |
Documents
Announcements
-
Board Meeting Intimation for Board Meeting Scheduled On 14Th November 2024
2d - Board meeting to approve financial results on 14 Nov 2024.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 29 Oct
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
28 Oct - Submission of confirmation certificate under SEBI regulations.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
30 Sep - Newspaper publication copy for confirming the dispatch of postal ballot notice
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 27 Sep
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2010
from bse
Concalls
-
Aug 2024TranscriptNotesPPTREC
-
Feb 2023TranscriptPPT
-
Aug 2021TranscriptPPT
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]