Tasty Bite Eatables Ltd

About

Tasty Bite Eatables is in the business of manufacturing and selling Prepared Foods.

  • Market Cap 4,624 Cr.
  • Current Price 18,020
  • High / Low 21,487 / 9,950
  • Stock P/E 103
  • Book Value 805
  • Dividend Yield 0.01 %
  • ROCE 18.0 %
  • ROE 21.2 %
  • Face Value 10.0

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24.64%

Cons

  • Stock is trading at 22.38 times its book value
  • Company might be capitalizing the interest cost

Peer comparison

Sector: FMCG Industry: Food - Processing - Indian

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Quarterly Results

Figures in Rs. Crores

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
88.36 87.76 85.43 90.86 105.67 114.17 115.08 53.81 90.77 118.82 121.93 111.46
74.85 76.97 72.40 82.75 94.67 101.25 102.43 51.42 77.98 101.30 100.84 95.25
Operating Profit 13.51 10.79 13.03 8.11 11.00 12.92 12.65 2.39 12.79 17.52 21.09 16.21
OPM % 15.29% 12.29% 15.25% 8.93% 10.41% 11.32% 10.99% 4.44% 14.09% 14.74% 17.30% 14.54%
Other Income 5.09 4.24 4.04 7.04 6.99 10.60 4.42 3.58 5.39 4.87 5.14 1.59
Interest 1.24 1.06 0.78 0.45 1.10 0.94 1.04 0.65 0.25 0.39 1.74 2.45
Depreciation 2.99 3.25 3.37 3.78 4.41 4.34 4.32 3.27 3.74 4.22 5.95 5.89
Profit before tax 14.37 10.72 12.92 10.92 12.48 18.24 11.71 2.05 14.19 17.78 18.54 9.46
Tax % 35.14% 35.35% 37.85% 29.58% 12.18% 25.00% 27.16% 31.22% 25.51% 24.18% 25.24% 24.31%
Net Profit 9.33 6.93 8.04 7.69 10.96 13.68 8.53 1.42 10.57 13.49 13.87 7.17
EPS in Rs 36.36 27.01 31.33 29.97 42.71 53.31 33.24 5.53 41.19 52.57 54.05 27.94

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
68 81 82 112 145 167 196 252 296 337 426 385 443
59 77 77 99 134 152 174 209 248 291 381 332 375
Operating Profit 9 4 5 13 12 15 21 43 48 46 45 54 68
OPM % 13% 5% 6% 11% 8% 9% 11% 17% 16% 14% 11% 14% 15%
Other Income 5 1 1 0 0 11 13 3 7 18 29 19 17
Interest 1 1 1 1 2 3 2 3 2 4 4 3 5
Depreciation 2 2 2 3 4 7 7 9 11 13 17 17 20
Profit before tax 11 3 2 9 6 16 25 34 41 47 53 53 60
Tax % 38% 39% 31% 32% 31% 35% 34% 36% 36% 36% 23% 25%
Net Profit 7 2 2 6 4 11 16 22 26 30 41 39 45
EPS in Rs 27.16 7.37 6.47 24.67 16.87 42.05 62.82 85.70 103.12 117.15 159.24 153.31 175.75
Dividend Payout % 4% 14% 15% 4% 6% 2% 3% 2% 2% 2% 1% 1%
Compounded Sales Growth
10 Years:17%
5 Years:14%
3 Years:9%
TTM:14%
Compounded Profit Growth
10 Years:36%
5 Years:20%
3 Years:14%
TTM:30%
Stock Price CAGR
10 Years:64%
5 Years:32%
3 Years:28%
1 Year:72%
Return on Equity
10 Years:25%
5 Years:26%
3 Years:25%
Last Year:21%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3 3 3 3 3 3 3 3 3 3 3 3
Reserves 18 20 21 27 31 42 58 72 97 129 161 204
Borrowings 15 18 21 43 44 43 40 63 54 39 71 175
16 17 15 20 31 25 30 32 38 54 65 66
Total Liabilities 52 57 61 93 109 113 131 170 192 225 300 448
13 23 31 32 64 61 61 65 76 82 98 179
CWIP 2 1 1 12 1 0 0 9 2 10 26 42
Investments 0 0 0 0 0 1 2 0 0 0 0 0
36 33 29 49 45 51 68 96 113 132 175 226
Total Assets 52 57 61 93 109 113 131 170 192 225 300 448

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-1 9 11 -2 23 10 15 12 21 56 37 40
-4 -12 -8 -15 -21 -4 -7 -24 -7 -30 -52 -56
4 2 1 20 -7 -4 -6 11 -12 -23 15 43
Net Cash Flow -0 -1 4 3 -5 2 1 -1 2 2 -0 27

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 74 63 41 58 36 40 43 48 45 42 49 51
Inventory Days 68 53 51 56 55 48 56 69 72 87 77 104
Days Payable 59 68 71 72 92 58 58 50 55 68 62 74
Cash Conversion Cycle 83 49 21 42 -0 30 42 66 63 60 64 82
Working Capital Days 106 73 46 58 34 54 66 84 87 74 72 100
ROCE % 39% 10% 8% 17% 11% 23% 28% 31% 30% 32% 28% 18%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
74.22 74.23 74.23 74.23 74.23 74.23 74.23 74.23 74.23 74.23 74.23 74.23
1.58 1.98 2.76 3.01 3.21 3.41 3.56 3.64 3.67 3.67 3.64 3.43
0.10 0.04 0.04 0.03 0.02 0.06 0.05 0.40 0.48 0.53 0.50 0.76
24.10 23.75 22.97 22.73 22.53 22.30 22.16 21.73 21.61 21.57 21.62 21.57

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