Last Updated on: 07 July, 2024|Author: Getaka | Social:
Stock Ticker - BSE: 500825 | NSE: BRITANNIA
Fundamental Analysis of Britannia Industries Ltd
About the Company - Britannia Industries Ltd
Britannia Industries Ltd. is a Public Limited Listed company incorporated on 21/03/1918 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L15412WB1918PLC002964 and registration number is 002964. Currently company belongs to the Industry of Food Processing - Bakery/Dairy/Fruits/Others. Company’s Total Operating Revenue is Rs. 13371.62 Cr. and Equity Capital is Rs. 24.09 Cr. for the Year ended 31/03/2022.
INDUSTRY
ADDRESS
CONTACT
Food Processing - Bakery/Dairy/Fruits/Others
5/1A, Hungerford Street, Kolkata West Bengal 700017
Britannia Industries Ltd Profit & Loss Yearly Chart
YoY Net Profit Growth
Year
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
YoY Net Profit Growth (%)
30.00%
51.92%
74.43%
19.74%
7.27%
13.45%
15.04%
20.69%
32.78%
-18.10%
52.77%
Change in YoY Net Profit Growth (%)
0.00%
21.92%
22.51%
-54.69%
-12.47%
6.17%
1.59%
5.65%
12.09%
-50.88%
70.87%
Britannia Industries Ltd Growth
Compounded Sales Growth
10 Years:
9%
5 Years:
9%
3 Years:
8%
TTM:
3%
Compounded Profit Growth
10 Years:
19%
5 Years:
13%
3 Years:
5%
TTM:
5%
Stock Price CAGR
10 Years:
27%
5 Years:
14%
3 Years:
16%
1 Year:
9%
Return on Equity
10 Years:
44%
5 Years:
49%
3 Years:
58%
Last Year:
57%
Last Updated: July 1, 2024, 3:10 pm
Britannia Industries Ltd Balance Sheet
Last Updated: July 2, 2024, 11:21 am
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Sep 2023
Equity Capital
24
24
24
24
24
24
24
24
24
24
24
24
24
Reserves
385
534
774
1,221
2,068
2,672
3,382
4,229
4,379
3,524
2,534
3,510
2,824
Borrowings
604
380
150
145
131
125
201
156
1,538
2,122
2,481
2,997
2,778
Other Liabilities
829
946
1,159
1,403
1,271
1,288
1,581
1,829
1,889
2,331
2,487
2,819
3,123
Total Liabilities
1,842
1,883
2,107
2,793
3,494
4,109
5,188
6,238
7,830
8,000
7,527
9,351
8,749
Fixed Assets
624
737
848
844
950
1,160
1,346
1,688
1,878
1,793
1,753
2,655
2,756
CWIP
111
147
107
48
90
30
203
101
40
117
536
105
83
Investments
249
108
198
518
788
487
1,079
1,476
2,893
2,781
1,762
3,324
1,938
Other Assets
858
891
954
1,383
1,665
2,432
2,560
2,972
3,019
3,310
3,475
3,266
3,972
Total Assets
1,842
1,883
2,107
2,793
3,494
4,109
5,188
6,238
7,830
8,000
7,527
9,351
8,749
Britannia Industries Ltd Reserves and Borrowings Chart
Britannia Industries Ltd Cash Flow
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Cash from Operating Activity
246
320
671
584
959
441
1,249
1,156
1,485
1,876
1,300
2,526
Cash from Investing Activity
-65
28
-246
-450
-705
-150
-957
-852
-1,526
433
914
-1,507
Cash from Financing Activity
-168
-378
-357
-181
-246
-295
-232
-353
58
-2,242
-2,246
-1,028
Net Cash Flow
13
-30
68
-47
8
-4
60
-49
17
66
-32
-9
Britannia Industries Ltd Free Cash Flow
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Free Cash Flow
-293.00
41.00
477.00
725.00
-130.00
-124.00
-200.00
-155.00
0.00
0.00
0.00
0.00
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Britannia Industries Ltd Free Cash Flow Chart
Britannia Industries Ltd Financial Efficiency Indicators
Month
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
8
7
6
6
7
7
11
13
10
7
9
7
Inventory Days
45
35
37
31
32
43
39
43
39
52
57
45
Days Payable
40
37
49
55
56
49
59
63
55
63
55
55
Cash Conversion Cycle
12
5
-6
-17
-16
1
-9
-7
-6
-3
10
-2
Working Capital Days
-26
-15
-19
-17
-1
32
20
29
22
15
15
1
ROCE %
29%
39%
59%
66%
68%
52%
47%
44%
37%
45%
41%
49%
Britannia Industries Ltd Financial Efficiency Indicators Chart
Britannia Industries Ltd Share Holding Pattern
Month
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Promoters
50.55%
50.55%
50.55%
50.55%
50.55%
50.55%
50.55%
50.55%
50.55%
50.55%
50.55%
50.55%
FIIs
18.40%
17.65%
17.59%
17.17%
16.65%
17.18%
18.46%
19.44%
21.29%
19.66%
18.99%
18.23%
DIIs
11.18%
11.53%
11.53%
7.94%
8.74%
16.12%
15.08%
14.22%
12.46%
13.84%
14.84%
15.63%
Public
19.87%
20.28%
20.34%
24.35%
24.06%
16.14%
15.90%
15.79%
15.69%
15.94%
15.62%
15.57%
No. of Shareholders
3,15,976
2,84,325
3,06,465
3,29,940
3,08,805
2,86,831
2,60,836
2,60,207
2,59,949
2,84,892
2,60,444
2,63,623
Britannia Industries Ltd Shareholding Pattern Chart
Britannia Industries Ltd Interest Coverage Ratios (%)
Britannia Industries Ltd Valuation Ratios
Fair Value
Fair Value: 5,940.98
Calculation basis:
Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.
Undervalued: 7.10% compared to the current price 5547
Intrinsic Value: 6,474.69
Calculation basis:
Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.
This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.
Undervalued: 16.72% compared to the current price ₹5547
Last 5 Year EPS CAGR: 8.98%
*Investments are subject to market risks
Strength and Weakness of Britannia Industries Ltd Stock
Strength
Weakness
The stock has a high average ROCE of 48.00%, which is a positive sign.
The stock has a low average Working Capital Days of 4.67, which is a positive sign.
The stock has a low average Cash Conversion Cycle of -3.17, which is a positive sign.
The company has higher reserves (2,464.31 cr) compared to borrowings (1,062.15 cr), indicating strong financial stability.
The company has shown consistent growth in sales (10.08 cr) and profit (166.00 cr) over the years.
Should I Buy Britannia Industries Ltd Share Now?
Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Britannia Industries Ltd:
Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
ROE%: 54.28% (Industry Average ROE: 41.45%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
Stock P/E: 62.5 (Industry average Stock P/E: 100.8)
Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
Total Debt / Equity: 0.51
Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions. Stock Rating:★★★★☆
FAQ
What is the latest fair value of Britannia Industries Ltd?
The latest fair value of Britannia Industries Ltd is ₹5940.98.
What is the Market Cap of Britannia Industries Ltd?
The Market Cap of Britannia Industries Ltd is 1,33,605 Cr..
What is the current Stock Price of Britannia Industries Ltd as on 06 July 2024?
The current stock price of Britannia Industries Ltd as on 06 July 2024 is 5,547.
What is the High / Low of Britannia Industries Ltd stocks in FY 2024?
In FY 2024, the High / Low of Britannia Industries Ltd stocks is 5,726/4,348.
What is the Stock P/E of Britannia Industries Ltd?
The Stock P/E of Britannia Industries Ltd is 62.5.
What is the Book Value of Britannia Industries Ltd?
The Book Value of Britannia Industries Ltd is 164.
What is the Dividend Yield of Britannia Industries Ltd?
The Dividend Yield of Britannia Industries Ltd is 1.33 %.
What is the ROCE of Britannia Industries Ltd?
The ROCE of Britannia Industries Ltd is 48.9 %.
What is the ROE of Britannia Industries Ltd?
The ROE of Britannia Industries Ltd is 57.2 %.
What is the Face Value of Britannia Industries Ltd?
The Face Value of Britannia Industries Ltd is 1.00.
Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Britannia Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE