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Last Updated: April 2, 2026, 4:36 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 523672 | NSE: FLEXFO

Flex Foods Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹107.71Undervalued by 230.40%vs CMP ₹32.60

P/E (15.0) × ROE (55.6%) × BV (₹15.90) × DY (1.53%)

Defaults: P/E=15

₹93.84Undervalued by 187.85%vs CMP ₹32.60
MoS: +65.3% (Strong)Confidence: 40/100 (Low)Models: 3 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹52.5833%Under (+61.3%)
Net Asset ValueAssets₹15.2620%Over (-53.2%)
Dividend DiscountDividends₹10.2016%Over (-68.7%)
ROCE CapitalReturns₹331.0516%Under (+915.5%)
Revenue MultipleRevenue₹119.6415%Under (+267%)
Consensus (5 models)₹93.84100%Undervalued
Key Drivers: EPS CAGR -51.2% drags value — could be higher if earnings stabilize. | Wide model spread (₹10–₹331) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -51.2% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

56
Flex Foods Ltd scores 56/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health55/100 · Moderate
ROCE 6.2% WeakROE 55.6% ExcellentD/E 0.13 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 59.9% Stable
Earnings Quality50/100 · Moderate
OPM contracting (14% → -3%) DecliningWorking capital: -83 days (improving) Efficient
Quarterly Momentum70/100 · Strong
Revenue (4Q): +22% YoY Accelerating
Industry Rank50/100 · Moderate
ROCE 6.2% vs industry 16.4% Below peersROE 55.6% vs industry 17.5% Above peers3Y sales CAGR: 10% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Flex Foods Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
20/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 112.3 | ROCE 6.2% | ROE 55.6% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.13x | IntCov 0.0x | Current 1.95x | Borrow/Reserve 43.57x
Cash Flow Reliability
100/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-32 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
+8
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -6.6% | Q NP +7.3% | Q OPM +3.5 pp
Derived FieldValueHow it is derived
Valuation Gap %+187.9%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves43.57xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-163Latest shareholder count minus previous count
Quarterly Sales Change-6.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+7.3%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+3.5 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:36 am

Market Cap 40.6 Cr.
Current Price 32.6
Intrinsic Value₹93.84
High / Low 68.9/29.4
Stock P/E
Book Value 15.9
Dividend Yield1.53 %
ROCE6.18 %
ROE55.6 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Flex Foods Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Mishtann Foods Ltd 388 Cr. 3.60 7.79/2.971.13 10.90.00 %42.2 %44.1 % 1.00
Mrs Bectors Food Specialities Ltd 5,797 Cr. 189 355/17441.5 39.60.64 %18.1 %15.6 % 2.00
Nakoda Group of Industries Ltd 45.6 Cr. 26.0 38.0/22.0 18.80.00 %8.11 %15.4 % 10.0
HMA Agro Industries Ltd 1,171 Cr. 23.4 38.2/20.06.89 17.31.28 %11.8 %11.5 % 1.00
Himalaya Food International Ltd 67.3 Cr. 7.94 17.9/6.8110.4 21.80.00 %2.29 %2.79 % 10.0
Industry Average19,776.38 Cr581.69112.2889.800.31%16.37%17.51%5.63

All Competitor Stocks of Flex Foods Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 26.1534.8026.9522.6627.9044.4439.6736.6928.1045.5140.4949.1845.94
Expenses 26.5229.5723.4924.4738.2337.9537.8745.4328.5142.2846.6750.3345.39
Operating Profit -0.375.233.46-1.81-10.336.491.80-8.74-0.413.23-6.18-1.150.55
OPM % -1.41%15.03%12.84%-7.99%-37.03%14.60%4.54%-23.82%-1.46%7.10%-15.26%-2.34%1.20%
Other Income 0.47-0.070.030.030.040.310.070.040.050.220.070.380.12
Interest 2.4711.813.433.344.875.595.086.175.715.846.576.406.50
Depreciation 3.163.533.644.224.224.154.144.204.194.134.424.474.47
Profit before tax -5.53-10.18-3.58-9.34-19.38-2.94-7.35-19.07-10.26-6.52-17.10-11.64-10.30
Tax % -23.51%-26.52%-31.01%-26.23%-23.53%-40.48%-25.44%-25.96%-25.34%-19.63%-24.21%-27.15%-23.69%
Net Profit -4.23-7.48-2.47-6.89-14.82-1.75-5.48-14.12-7.66-5.24-12.96-8.48-7.86
EPS in Rs -3.40-6.01-1.98-5.53-11.90-1.41-4.40-11.34-6.15-4.21-10.41-6.81-6.31

Last Updated: March 3, 2026, 9:52 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 5:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 66728385918480102111116119149181
Expenses 505464667467698292105122153185
Operating Profit 16191819171812202011-2-4-4
OPM % 24%26%22%22%19%21%15%20%18%10%-2%-3%-2%
Other Income 3222222201001
Interest 23454322216172325
Depreciation 44455555510161717
Profit before tax 14141311111161512-14-35-43-46
Tax % 24%35%37%30%36%-0%-19%22%26%-24%-26%-25%
Net Profit 109887117129-11-26-32-35
EPS in Rs 8.317.566.566.315.478.865.459.647.33-8.51-20.83-26.10-27.74
Dividend Payout % 27%30%38%40%0%11%14%10%14%-6%-2%-2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-10.00%-11.11%0.00%-12.50%57.14%-36.36%71.43%-25.00%-222.22%-136.36%-23.08%
Change in YoY Net Profit Growth (%)0.00%-1.11%11.11%-12.50%69.64%-93.51%107.79%-96.43%-197.22%85.86%113.29%

Flex Foods 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:7%
5 Years:13%
3 Years:10%
TTM:12%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-38%
Stock Price CAGR
10 Years:0%
5 Years:-4%
3 Years:-23%
1 Year:-65%
Return on Equity
10 Years:-1%
5 Years:-10%
3 Years:-27%
Last Year:-56%

Last Updated: September 5, 2025, 3:30 pm

Balance Sheet

Last Updated: February 1, 2026, 2:48 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 12121212121212121212121212
Reserves 48516064667782931019063297
Borrowings 2625403631271815149236263280305
Other Liabilities 20242728292427273841556673
Total Liabilities 106113139141139141139149300379392388398
Fixed Assets 525576758183807678234268259253
CWIP 1201011112449211
Investments 0000000000000
Other Assets 54556365585758729996122129144
Total Assets 106113139141139141139149300379392388398

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 121126101817171327-13-2
Cash from Investing Activity + -13-7-21-4-11-7-2-1-129-88-3-6
Cash from Financing Activity + 5-74-12-12-8-13-513068158
Net Cash Flow 4-49-6-52173-13-10
Free Cash Flow -3135791411-127-82-17-8
CFO/OP 87%80%154%66%125%100%140%80%30%69%601%56%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-10.00-6.00-22.00-17.00-14.00-9.00-6.005.00-129.00-225.00-265.00-284.00

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 Days 9362828782734892899411696
Inventory Days 365680464590389681671278257602641342
Days Payable 165254262288178210245100139315362228
Cash Conversion Cycle 293488284389294544474269207380395211
Working Capital Days 4924224871667071-3012-18-83
ROCE %21%20%17%14%13%13%7%15%8%1%-5%-6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 59.85%59.85%59.85%59.85%59.85%59.85%59.85%59.85%59.85%59.85%59.85%59.85%
Public 40.15%40.15%40.14%40.15%40.15%40.15%40.15%40.15%40.14%40.15%40.15%40.15%
No. of Shareholders 12,08211,82211,57910,78010,1629,6129,6519,4719,4749,4739,4919,328

Shareholding Pattern Chart

No. of Shareholders

Flex Foods Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -26.10-20.83-8.517.329.63
Diluted EPS (Rs.) -26.10-20.83-8.517.329.63
Cash EPS (Rs.) -12.72-7.79-0.7611.4813.82
Book Value[Excl.RevalReserv]/Share (Rs.) 33.5860.4481.9491.4685.09
Book Value[Incl.RevalReserv]/Share (Rs.) 33.5860.4481.9491.4685.09
Dividend / Share (Rs.) 0.500.500.501.001.00
Revenue From Operations / Share (Rs.) 120.4997.4194.2488.6982.71
PBDIT / Share (Rs.) -3.01-1.439.4016.0718.25
PBIT / Share (Rs.) -16.39-14.461.6611.9114.06
PBT / Share (Rs.) -34.70-28.30-11.249.9612.38
Net Profit / Share (Rs.) -26.10-20.83-8.517.329.63
PBDIT Margin (%) -2.49-1.469.9718.1222.06
PBIT Margin (%) -13.60-14.841.7613.4317.00
PBT Margin (%) -28.79-29.05-11.9311.2314.96
Net Profit Margin (%) -21.66-21.38-9.038.2511.64
Return on Networth / Equity (%) -77.73-34.45-10.388.0011.32
Return on Capital Employeed (%) -8.19-6.510.706.4915.27
Return On Assets (%) -8.36-6.60-2.793.038.06
Long Term Debt / Equity (X) 4.862.611.790.930.00
Total Debt / Equity (X) 6.683.472.291.310.13
Asset Turnover Ratio (%) 0.380.310.340.490.71
Current Ratio (X) 0.760.961.081.091.95
Quick Ratio (X) 0.430.550.650.811.35
Inventory Turnover Ratio (X) 3.220.861.031.180.93
Dividend Payout Ratio (NP) (%) -1.91-2.40-11.7413.657.78
Dividend Payout Ratio (CP) (%) -3.93-6.41-130.318.705.42
Earning Retention Ratio (%) 101.91102.40111.7486.3592.22
Cash Earning Retention Ratio (%) 103.93106.41230.3191.3094.58
Interest Coverage Ratio (X) -0.16-0.100.728.2310.84
Interest Coverage Ratio (Post Tax) (X) -0.42-0.500.344.756.72
Enterprise Value (Cr.) 329.74396.34325.62242.1298.01
EV / Net Operating Revenue (X) 2.203.272.782.190.95
EV / EBITDA (X) -88.01-222.9827.8112.104.31
MarketCap / Net Operating Revenue (X) 0.341.130.810.980.93
Retention Ratios (%) 101.91102.40111.7486.3492.21
Price / BV (X) 1.251.820.930.950.91
Price / Net Operating Revenue (X) 0.341.130.810.980.93
EarningsYield -0.62-0.18-0.110.080.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Flex Foods Ltd. is a Public Limited Listed company incorporated on 05/02/1990 and has its registered office in the State of Uttarakhand/Uttaranchal, India. Company's Corporate Identification Number(CIN) is L15133UR1990PLC023970 and registration number is 023970. Currently Company is involved in the business activities of Other semi-processed, processed or instant foods except farinaceous products and malted foods and manufacturing activities like manufacture of egg powder, sambar powder etc.. Company's Total Operating Revenue is Rs. 150.01 Cr. and Equity Capital is Rs. 12.45 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/OthersLal Tappar Industrial Area, P.O. Resham Majri, Dehradun District Uttarakhand/Uttaranchal 248140Contact not found
Management
NamePosition Held
Mr. Ashok ChaturvediChairman
Mr. Rahul RazdanWholeTime Director & CEO
Mr. Rajeev SharmaDirector
Mrs. Indu LiberhanDirector
Mr. Arvind MahajanDirector
Mr. Pradeep Narendra PoddarDirector

FAQ

What is the intrinsic value of Flex Foods Ltd and is it undervalued?

As of 05 April 2026, Flex Foods Ltd's intrinsic value is ₹93.84, which is 187.85% higher than the current market price of ₹32.60, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (55.6 %), book value (₹15.9), dividend yield (1.53 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Flex Foods Ltd?

Flex Foods Ltd is trading at ₹32.60 as of 05 April 2026, with a FY2026-2027 high of ₹68.9 and low of ₹29.4. The stock is currently near its 52-week low. Market cap stands at ₹40.6 Cr..

How does Flex Foods Ltd's P/E ratio compare to its industry?

Flex Foods Ltd has a P/E ratio of , which is below the industry average of 112.28. This is broadly in line with or below the industry average.

Is Flex Foods Ltd financially healthy?

Key indicators for Flex Foods Ltd: ROCE of 6.18 % is on the lower side compared to the industry average of 16.37%; ROE of 55.6 % shows strong shareholder returns. Dividend yield is 1.53 %.

Is Flex Foods Ltd profitable and how is the profit trend?

Flex Foods Ltd reported a net profit of ₹-32 Cr in Mar 2025 on revenue of ₹149 Cr. Compared to ₹9 Cr in Mar 2022, the net profit shows a declining trend.

Does Flex Foods Ltd pay dividends?

Flex Foods Ltd has a dividend yield of 1.53 % at the current price of ₹32.60. The company pays dividends, though the yield is modest.

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 Flex Foods 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
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