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Last Updated on: 28 October, 2025
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500825 | NSE: BRITANNIA

Britannia Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: October 28, 2025, 1:40 pm

Market Cap 1,40,691 Cr.
Current Price 5,841
High / Low 6,337/4,506
Stock P/E64.1
Book Value 181
Dividend Yield1.27 %
ROCE53.0 %
ROE52.9 %
Face Value 1.00
PEG Ratio8.50

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Britannia Industries Ltd

Competitors of Britannia Industries Ltd

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Mishtann Foods Ltd 555 Cr. 5.15 15.9/4.281.61 8.920.00 %42.2 %44.1 % 1.00
Mrs Bectors Food Specialities Ltd 8,404 Cr. 1,367 1,977/1,20160.6 1900.44 %18.1 %15.6 % 10.0
Nakoda Group of Industries Ltd 51.9 Cr. 29.3 48.0/25.2 15.70.00 %8.11 %15.4 % 10.0
HMA Agro Industries Ltd 1,530 Cr. 30.6 49.5/27.517.7 15.80.98 %11.8 %11.5 % 1.00
Himalaya Food International Ltd 94.0 Cr. 11.1 21.1/9.2918.5 16.40.00 %2.29 %2.79 % 10.0
Industry Average21,573.10 Cr763.66121.52103.960.24%16.32%17.50%6.03

All Competitor Stocks of Britannia Industries Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 3,7014,3804,1974,0234,0114,4334,2564,0694,2504,6684,5934,4324,622
Expenses 3,2003,6683,3793,2223,3223,5623,4373,2863,4973,8883,7503,6323,870
Operating Profit 501712818801689871820784753780843801752
OPM % 14%16%19%20%17%20%19%19%18%17%18%18%16%
Other Income 565342860575248573146626357
Interest 42543835535331262935453126
Depreciation 51525865717278807476828182
Profit before tax 4636591,149761622799758735681715778752701
Tax % 28%26%19%27%27%27%27%27%26%26%25%26%26%
Net Profit 336491932558455586556537505532582559520
EPS in Rs 14.0120.4838.7123.1919.0024.3923.1022.3520.9922.0624.1523.2521.62

Last Updated: August 20, 2025, 12:35 pm

Below is a detailed analysis of the quarterly data for Britannia Industries Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 4,622.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,432.00 Cr. (Mar 2025) to 4,622.00 Cr., marking an increase of 190.00 Cr..
  • For Expenses, as of Jun 2025, the value is 3,870.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,632.00 Cr. (Mar 2025) to 3,870.00 Cr., marking an increase of 238.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is 752.00 Cr.. The value appears to be declining and may need further review. It has decreased from 801.00 Cr. (Mar 2025) to 752.00 Cr., marking a decrease of 49.00 Cr..
  • For OPM %, as of Jun 2025, the value is 16.00%. The value appears to be declining and may need further review. It has decreased from 18.00% (Mar 2025) to 16.00%, marking a decrease of 2.00%.
  • For Other Income, as of Jun 2025, the value is 57.00 Cr.. The value appears to be declining and may need further review. It has decreased from 63.00 Cr. (Mar 2025) to 57.00 Cr., marking a decrease of 6.00 Cr..
  • For Interest, as of Jun 2025, the value is 26.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 31.00 Cr. (Mar 2025) to 26.00 Cr., marking a decrease of 5.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 82.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 81.00 Cr. (Mar 2025) to 82.00 Cr., marking an increase of 1.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is 701.00 Cr.. The value appears to be declining and may need further review. It has decreased from 752.00 Cr. (Mar 2025) to 701.00 Cr., marking a decrease of 51.00 Cr..
  • For Tax %, as of Jun 2025, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 26.00%.
  • For Net Profit, as of Jun 2025, the value is 520.00 Cr.. The value appears to be declining and may need further review. It has decreased from 559.00 Cr. (Mar 2025) to 520.00 Cr., marking a decrease of 39.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 21.62. The value appears to be declining and may need further review. It has decreased from 23.25 (Mar 2025) to 21.62, marking a decrease of 1.63.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 22, 2025, 5:31 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6,9137,8588,3979,0549,91411,05511,60013,13614,13616,30116,76917,94318,315
Expenses 6,2866,9887,1747,7768,4139,3229,75610,62711,93513,47013,60314,76615,139
Operating Profit 6278701,2241,2781,5011,7321,8432,5092,2012,8313,1673,1763,176
OPM % 9%11%15%14%15%16%16%19%16%17%19%18%17%
Other Income 34228115151166206263313222597211202228
Interest 84558977111144169164139136
Depreciation 83144113119142162185198201226300313321
Profit before tax 5699501,2201,3041,5181,7681,8442,5142,0783,0332,9132,9272,946
Tax % 30%28%32%32%34%35%24%26%27%24%27%26%
Net Profit 3956898258851,0041,1551,3941,8511,5162,3162,1342,1782,193
EPS in Rs 16.4828.7134.3636.8541.8348.2358.3377.3863.3196.3988.8490.4591.08
Dividend Payout % 36%28%29%30%30%31%60%204%89%75%83%83%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)74.43%19.74%7.27%13.45%15.04%20.69%32.78%-18.10%52.77%-7.86%2.06%
Change in YoY Net Profit Growth (%)0.00%-54.69%-12.47%6.17%1.59%5.65%12.09%-50.88%70.87%-60.63%9.92%

Britannia Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:9%
5 Years:9%
3 Years:8%
TTM:8%
Compounded Profit Growth
10 Years:15%
5 Years:9%
3 Years:13%
TTM:-1%
Stock Price CAGR
10 Years:15%
5 Years:10%
3 Years:18%
1 Year:3%
Return on Equity
10 Years:45%
5 Years:54%
3 Years:58%
Last Year:53%

Last Updated: September 5, 2025, 1:20 am

Balance Sheet

Last Updated: July 25, 2025, 3:27 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 242424242424242424242424
Reserves 7741,2212,0682,6723,3824,2294,3793,5242,5343,5103,9174,332
Borrowings 1501451311252011561,5382,1222,4812,9972,0651,247
Other Liabilities 1,1591,4031,2711,2881,5811,8291,8892,3312,4872,8193,0653,235
Total Liabilities 2,1072,7933,4944,1095,1886,2387,8308,0007,5279,3519,0728,837
Fixed Assets 8488449501,1601,3461,6881,8781,7931,7532,6552,7712,904
CWIP 1074890302031014011753610518889
Investments 1985187884871,0791,4762,8932,7811,7623,3242,7672,865
Other Assets 9541,3831,6652,4322,5602,9723,0193,3103,4753,2663,3462,978
Total Assets 2,1072,7933,4944,1095,1886,2387,8308,0007,5279,3519,0728,837

Below is a detailed analysis of the balance sheet data for Britannia Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2025, the value is 24.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 24.00 Cr..
  • For Reserves, as of Mar 2025, the value is 4,332.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,917.00 Cr. (Mar 2024) to 4,332.00 Cr., marking an increase of 415.00 Cr..
  • For Borrowings, as of Mar 2025, the value is 1,247.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 2,065.00 Cr. (Mar 2024) to 1,247.00 Cr., marking a decrease of 818.00 Cr..
  • For Other Liabilities, as of Mar 2025, the value is 3,235.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,065.00 Cr. (Mar 2024) to 3,235.00 Cr., marking an increase of 170.00 Cr..
  • For Total Liabilities, as of Mar 2025, the value is 8,837.00 Cr.. The value appears to be improving (decreasing). It has decreased from 9,072.00 Cr. (Mar 2024) to 8,837.00 Cr., marking a decrease of 235.00 Cr..
  • For Fixed Assets, as of Mar 2025, the value is 2,904.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,771.00 Cr. (Mar 2024) to 2,904.00 Cr., marking an increase of 133.00 Cr..
  • For CWIP, as of Mar 2025, the value is 89.00 Cr.. The value appears to be declining and may need further review. It has decreased from 188.00 Cr. (Mar 2024) to 89.00 Cr., marking a decrease of 99.00 Cr..
  • For Investments, as of Mar 2025, the value is 2,865.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,767.00 Cr. (Mar 2024) to 2,865.00 Cr., marking an increase of 98.00 Cr..
  • For Other Assets, as of Mar 2025, the value is 2,978.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,346.00 Cr. (Mar 2024) to 2,978.00 Cr., marking a decrease of 368.00 Cr..
  • For Total Assets, as of Mar 2025, the value is 8,837.00 Cr.. The value appears to be declining and may need further review. It has decreased from 9,072.00 Cr. (Mar 2024) to 8,837.00 Cr., marking a decrease of 235.00 Cr..

Notably, the Reserves (4,332.00 Cr.) exceed the Borrowings (1,247.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow477.00725.00-130.00-124.00-200.00-155.000.000.000.000.001.002.00

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.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days667711131079799
Inventory Days373132433943395257454543
Days Payable495556495963556355556360
Cash Conversion Cycle-6-17-161-9-7-6-310-2-9-9
Working Capital Days-25-22-5281727-1-22-31-31-30-23
ROCE %59%66%68%52%47%44%37%45%41%49%49%53%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters50.55%50.55%50.55%50.55%50.55%50.55%50.55%50.55%50.55%50.55%50.55%50.55%
FIIs17.18%18.46%19.44%21.29%19.66%18.99%18.23%17.41%17.91%16.46%15.72%15.58%
DIIs16.12%15.08%14.22%12.46%13.84%14.84%15.63%16.69%16.37%17.58%18.26%18.65%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
Public16.14%15.90%15.79%15.69%15.94%15.62%15.57%15.36%15.18%15.41%15.48%15.20%
No. of Shareholders2,86,8312,60,8362,60,2072,59,9492,84,8922,60,4442,63,6232,54,8152,51,8512,90,3062,92,5042,72,914

Shareholding Pattern Chart

No. of Shareholders

Britannia Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Blue Chip Fund 2,394,972 2.88 12452,394,9722025-04-22 15:56:590%
SBI Nifty 50 ETF 2,136,960 0.65 1110.882,136,9602025-04-22 17:25:390%
ICICI Prudential Balanced Advantage Fund 1,168,537 1.12 607.451,168,5372025-04-22 17:25:390%
Quant ELSS Tax Saver Fund 706,570 5.07 367.3706,5702025-04-22 02:17:080%
Quant Active Fund 631,600 4.03 328.33631,6002025-04-22 15:56:590%
UTI Nifty 50 ETF 591,768 0.65 307.62591,7682025-04-22 17:25:390%
ICICI Prudential Flexicap Fund 458,233 1.73 238.21458,2332025-04-22 17:25:390%
Aditya Birla Sun Life Frontline Equity Fund 346,563 0.69 180.16346,5632025-04-22 17:25:390%
Quant Flexi Cap Fund 264,000 3.88 137.24264,0002025-04-22 15:56:590%
Nippon India ETF Nifty 50 BeES 252,333 0.65 131.17252,3332025-04-22 09:14:300%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 90.4588.8496.3963.3177.43
Diluted EPS (Rs.) 90.4588.8496.3963.3177.40
Cash EPS (Rs.) 103.86101.20105.3171.2685.00
Book Value[Excl.RevalReserv]/Share (Rs.) 180.81164.63147.97107.33148.78
Book Value[Incl.RevalReserv]/Share (Rs.) 180.81164.63147.97107.33148.78
Revenue From Operations / Share (Rs.) 744.82696.11676.65586.81545.29
PBDIT / Share (Rs.) 141.73140.47126.47100.64117.15
PBIT / Share (Rs.) 128.72128.00117.1092.31108.94
PBT / Share (Rs.) 121.93121.07125.6786.28104.31
Net Profit / Share (Rs.) 90.8588.7395.9362.9476.79
NP After MI And SOA / Share (Rs.) 90.4488.8396.3863.3077.37
PBDIT Margin (%) 19.0220.1718.6917.1421.48
PBIT Margin (%) 17.2818.3817.3015.7319.97
PBT Margin (%) 16.3717.3918.5714.7019.12
Net Profit Margin (%) 12.1912.7414.1710.7214.08
NP After MI And SOA Margin (%) 12.1412.7614.2410.7814.18
Return on Networth / Equity (%) 50.0154.2865.6959.6052.53
Return on Capital Employeed (%) 59.4061.8054.0566.1859.71
Return On Assets (%) 24.6523.5824.8220.2823.27
Long Term Debt / Equity (X) 0.160.220.430.270.21
Total Debt / Equity (X) 0.280.510.840.960.58
Asset Turnover Ratio (%) 2.001.821.931.781.62
Current Ratio (X) 1.081.191.150.951.22
Quick Ratio (X) 0.730.890.850.620.92
Inventory Turnover Ratio (X) 14.847.205.805.436.36
Dividend Payout Ratio (NP) (%) 81.2581.0458.61117.68152.35
Dividend Payout Ratio (CP) (%) 71.0471.0653.41104.00137.73
Earning Retention Ratio (%) 18.7518.9641.39-17.68-52.35
Cash Earning Retention Ratio (%) 28.9628.9446.59-4.00-37.73
Interest Coverage Ratio (X) 24.6020.6318.0216.8025.45
Interest Coverage Ratio (Post Tax) (X) 16.9514.0512.4411.5117.69
Enterprise Value (Cr.) 119867.81119972.33106929.7479499.7389313.10
EV / Net Operating Revenue (X) 6.687.156.565.626.80
EV / EBITDA (X) 35.1135.4535.1032.7931.65
MarketCap / Net Operating Revenue (X) 6.637.066.395.466.65
Retention Ratios (%) 18.7418.9541.38-17.68-52.35
Price / BV (X) 27.3030.0329.4630.1824.64
Price / Net Operating Revenue (X) 6.637.066.395.466.65
EarningsYield 0.010.010.020.010.02

After reviewing the key financial ratios for Britannia Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 90.45. This value is within the healthy range. It has increased from 88.84 (Mar 24) to 90.45, marking an increase of 1.61.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 90.45. This value is within the healthy range. It has increased from 88.84 (Mar 24) to 90.45, marking an increase of 1.61.
  • For Cash EPS (Rs.), as of Mar 25, the value is 103.86. This value is within the healthy range. It has increased from 101.20 (Mar 24) to 103.86, marking an increase of 2.66.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 180.81. It has increased from 164.63 (Mar 24) to 180.81, marking an increase of 16.18.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 180.81. It has increased from 164.63 (Mar 24) to 180.81, marking an increase of 16.18.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 744.82. It has increased from 696.11 (Mar 24) to 744.82, marking an increase of 48.71.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 141.73. This value is within the healthy range. It has increased from 140.47 (Mar 24) to 141.73, marking an increase of 1.26.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 128.72. This value is within the healthy range. It has increased from 128.00 (Mar 24) to 128.72, marking an increase of 0.72.
  • For PBT / Share (Rs.), as of Mar 25, the value is 121.93. This value is within the healthy range. It has increased from 121.07 (Mar 24) to 121.93, marking an increase of 0.86.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 90.85. This value is within the healthy range. It has increased from 88.73 (Mar 24) to 90.85, marking an increase of 2.12.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 90.44. This value is within the healthy range. It has increased from 88.83 (Mar 24) to 90.44, marking an increase of 1.61.
  • For PBDIT Margin (%), as of Mar 25, the value is 19.02. This value is within the healthy range. It has decreased from 20.17 (Mar 24) to 19.02, marking a decrease of 1.15.
  • For PBIT Margin (%), as of Mar 25, the value is 17.28. This value is within the healthy range. It has decreased from 18.38 (Mar 24) to 17.28, marking a decrease of 1.10.
  • For PBT Margin (%), as of Mar 25, the value is 16.37. This value is within the healthy range. It has decreased from 17.39 (Mar 24) to 16.37, marking a decrease of 1.02.
  • For Net Profit Margin (%), as of Mar 25, the value is 12.19. This value exceeds the healthy maximum of 10. It has decreased from 12.74 (Mar 24) to 12.19, marking a decrease of 0.55.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 12.14. This value is within the healthy range. It has decreased from 12.76 (Mar 24) to 12.14, marking a decrease of 0.62.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 50.01. This value is within the healthy range. It has decreased from 54.28 (Mar 24) to 50.01, marking a decrease of 4.27.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 59.40. This value is within the healthy range. It has decreased from 61.80 (Mar 24) to 59.40, marking a decrease of 2.40.
  • For Return On Assets (%), as of Mar 25, the value is 24.65. This value is within the healthy range. It has increased from 23.58 (Mar 24) to 24.65, marking an increase of 1.07.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.16. This value is below the healthy minimum of 0.2. It has decreased from 0.22 (Mar 24) to 0.16, marking a decrease of 0.06.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.28. This value is within the healthy range. It has decreased from 0.51 (Mar 24) to 0.28, marking a decrease of 0.23.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 2.00. It has increased from 1.82 (Mar 24) to 2.00, marking an increase of 0.18.
  • For Current Ratio (X), as of Mar 25, the value is 1.08. This value is below the healthy minimum of 1.5. It has decreased from 1.19 (Mar 24) to 1.08, marking a decrease of 0.11.
  • For Quick Ratio (X), as of Mar 25, the value is 0.73. This value is below the healthy minimum of 1. It has decreased from 0.89 (Mar 24) to 0.73, marking a decrease of 0.16.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 14.84. This value exceeds the healthy maximum of 8. It has increased from 7.20 (Mar 24) to 14.84, marking an increase of 7.64.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 81.25. This value exceeds the healthy maximum of 50. It has increased from 81.04 (Mar 24) to 81.25, marking an increase of 0.21.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 71.04. This value exceeds the healthy maximum of 50. It has decreased from 71.06 (Mar 24) to 71.04, marking a decrease of 0.02.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 18.75. This value is below the healthy minimum of 40. It has decreased from 18.96 (Mar 24) to 18.75, marking a decrease of 0.21.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 28.96. This value is below the healthy minimum of 40. It has increased from 28.94 (Mar 24) to 28.96, marking an increase of 0.02.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 24.60. This value is within the healthy range. It has increased from 20.63 (Mar 24) to 24.60, marking an increase of 3.97.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 16.95. This value is within the healthy range. It has increased from 14.05 (Mar 24) to 16.95, marking an increase of 2.90.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 119,867.81. It has decreased from 119,972.33 (Mar 24) to 119,867.81, marking a decrease of 104.52.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 6.68. This value exceeds the healthy maximum of 3. It has decreased from 7.15 (Mar 24) to 6.68, marking a decrease of 0.47.
  • For EV / EBITDA (X), as of Mar 25, the value is 35.11. This value exceeds the healthy maximum of 15. It has decreased from 35.45 (Mar 24) to 35.11, marking a decrease of 0.34.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 6.63. This value exceeds the healthy maximum of 3. It has decreased from 7.06 (Mar 24) to 6.63, marking a decrease of 0.43.
  • For Retention Ratios (%), as of Mar 25, the value is 18.74. This value is below the healthy minimum of 30. It has decreased from 18.95 (Mar 24) to 18.74, marking a decrease of 0.21.
  • For Price / BV (X), as of Mar 25, the value is 27.30. This value exceeds the healthy maximum of 3. It has decreased from 30.03 (Mar 24) to 27.30, marking a decrease of 2.73.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 6.63. This value exceeds the healthy maximum of 3. It has decreased from 7.06 (Mar 24) to 6.63, marking a decrease of 0.43.
  • For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Britannia Industries Ltd as of October 28, 2025 is: 4,972.37

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.

As of October 28, 2025, Britannia Industries Ltd is Overvalued by 14.87% compared to the current share price 5,841.00

Intrinsic Value of Britannia Industries Ltd as of October 28, 2025 is: 5,347.53

Calculation basis:

  • Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of October 28, 2025, Britannia Industries Ltd is Overvalued by 8.45% compared to the current share price 5,841.00

Last 5 Year EPS CAGR: 7.54%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 50.83%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -9.83, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -6.08, which is a positive sign.
  4. The company has higher reserves (3,045.17 cr) compared to borrowings (1,113.17 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (11.92 cr) and profit (118.23 cr) over the years.

    Stock Analysis

    • 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:
      1. Net Profit Margin: 12.19%
        • 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.
      2. ROCE: 59.4% (Industry Average ROCE: 16.32%)
        • 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.
      3. ROE%: 50.01% (Industry Average ROE: 17.5%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 16.95
        • 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.
      5. Quick Ratio: 0.73
        • 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.
      6. Stock P/E: 64.1 (Industry average Stock P/E: 121.52)
        • 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.
      7. Total Debt / Equity: 0.28
        • 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:

    About the Company - Qualitative Analysis

    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 is involved in the business activities of Manufacture of bread. Company's Total Operating Revenue is Rs. 17295.92 Cr. and Equity Capital is Rs. 24.09 Cr. for the Year ended 31/03/2025.
    INDUSTRYADDRESSCONTACT
    Food Processing - Bakery/Dairy/Fruits/Others5/1A, Hungerford Street, Kolkata West Bengal 700017investorrelations@britindia.com
    http://www.britannia.co.in
    Management
    NamePosition Held
    Mr. Nusli N WadiaChairman
    Mr. Varun BerryExec. Vice Chairman & Mang Dir
    Mr. N VenkataramanExecutive Director & CFO
    Mr. Jehangir N WadiaNon Executive Director
    Mr. Ness N WadiaNon Executive Director
    Dr. Ajay ShahIndependent Director
    Dr. Y S P ThoratIndependent Director
    Ms. Tanya DubashIndependent Director
    Mr. Pradip M KanakiaIndependent Director
    Mr. Sunil S LalbhaiIndependent Director
    Dr. Urjit PatelIndependent Director

    FAQ

    What is the intrinsic value of Britannia Industries Ltd?

    Britannia Industries Ltd's intrinsic value (as of 28 October 2025) is 4972.37 which is 14.87% lower the current market price of 5,841.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 1,40,691 Cr. market cap, FY2025-2026 high/low of 6,337/4,506, reserves of ₹4,332 Cr, and liabilities of 8,837 Cr.

    What is the Market Cap of Britannia Industries Ltd?

    The Market Cap of Britannia Industries Ltd is 1,40,691 Cr..

    What is the current Stock Price of Britannia Industries Ltd as on 28 October 2025?

    The current stock price of Britannia Industries Ltd as on 28 October 2025 is 5,841.

    What is the High / Low of Britannia Industries Ltd stocks in FY 2025-2026?

    In FY 2025-2026, the High / Low of Britannia Industries Ltd stocks is 6,337/4,506.

    What is the Stock P/E of Britannia Industries Ltd?

    The Stock P/E of Britannia Industries Ltd is 64.1.

    What is the Book Value of Britannia Industries Ltd?

    The Book Value of Britannia Industries Ltd is 181.

    What is the Dividend Yield of Britannia Industries Ltd?

    The Dividend Yield of Britannia Industries Ltd is 1.27 %.

    What is the ROCE of Britannia Industries Ltd?

    The ROCE of Britannia Industries Ltd is 53.0 %.

    What is the ROE of Britannia Industries Ltd?

    The ROE of Britannia Industries Ltd is 52.9 %.

    What is the Face Value of Britannia Industries Ltd?

    The Face Value of Britannia Industries Ltd is 1.00.

    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