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Last Updated on: 19 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 523672 | NSE: FLEXFO

Flex Foods Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 19, 2024, 1:57 pm

Market Cap 113 Cr.
Current Price 90.8
High / Low164/88.0
Stock P/E
Book Value 44.2
Dividend Yield0.55 %
ROCE5.33 %
ROE29.2 %
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 of Flex Foods Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
ICL Organic Dairy Products Ltd 23.8 Cr. 39.741.8/39.71,192 20.10.00 %0.25 %0.17 % 10.0
Himalaya Food International Ltd 118 Cr. 20.429.9/18.018.9 24.40.00 %3.63 %3.61 % 10.0
Goldcoin Health Foods Ltd 3.51 Cr. 11.713.6/5.80 3.430.00 %18.4 %24.2 % 10.0
Galaxy Cloud Kitchens Ltd 286 Cr. 63.667.5/12.2 4.780.00 %%% 10.0
Foods & Inns Ltd 885 Cr. 121179/11032.6 70.20.25 %16.1 %12.3 % 1.00
Industry Average18,429.05 Cr928.10197.42130.350.20%18.91%18.90%6.26

All Competitor Stocks of Flex Foods Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales21.9134.6225.8028.3027.8228.5626.1534.8026.9522.6627.9044.4439.67
Expenses17.2029.3221.8823.8323.5426.6126.5229.5723.4924.4738.2337.9537.87
Operating Profit4.715.303.924.474.281.95-0.375.233.46-1.81-10.336.491.80
OPM %21.50%15.31%15.19%15.80%15.38%6.83%-1.41%15.03%12.84%-7.99%-37.03%14.60%4.54%
Other Income0.710.340.090.470.140.070.47-0.070.030.030.040.310.07
Interest0.360.430.361.280.771.012.4711.813.433.344.875.595.08
Depreciation1.271.291.321.301.401.553.163.533.644.224.224.154.14
Profit before tax3.793.922.332.362.25-0.54-5.53-10.18-3.58-9.34-19.38-2.94-7.35
Tax %26.39%26.02%36.05%17.80%30.22%-14.81%-23.51%-26.52%-31.01%-26.23%-23.53%-40.48%-25.44%
Net Profit2.792.901.491.941.57-0.46-4.23-7.48-2.47-6.89-14.82-1.75-5.48
EPS in Rs2.242.331.201.561.26-0.37-3.40-6.01-1.98-5.53-11.90-1.41-4.40

Last Updated: October 7, 2024, 8:04 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales5366728385918480102111116119135
Expenses43505464667467698292105122139
Operating Profit1016191819171812202011-2-4
OPM %18%24%26%22%22%19%21%15%20%18%10%-2%-3%
Other Income3322222220100
Interest2234543222161719
Depreciation3444555555101617
Profit before tax714141311111161512-14-35-39
Tax %24%24%35%37%30%36%-0%-19%22%26%-24%-26%
Net Profit6109887117129-11-26-29
EPS in Rs4.488.317.566.566.315.478.865.459.647.33-8.51-20.83-23.24
Dividend Payout %45%27%30%38%40%0%11%14%10%14%-6%-2%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)66.67%-10.00%-11.11%0.00%-12.50%57.14%-36.36%71.43%-25.00%-222.22%-136.36%
Change in YoY Net Profit Growth (%)0.00%-76.67%-1.11%11.11%-12.50%69.64%-93.51%107.79%-96.43%-197.22%85.86%

Flex Foods Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:7%
3 Years:5%
TTM:35%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-72%
Stock Price CAGR
10 Years:1%
5 Years:16%
3 Years:-6%
1 Year:-19%
Return on Equity
10 Years:4%
5 Years:-2%
3 Years:-9%
Last Year:-29%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 3:36 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital12121212121212121212121212
Reserves404851606466778293101906343
Borrowings142625403631271815149236263281
Other Liabilities17202427282924272738415556
Total Liabilities83106113139141139141139149300379392392
Fixed Assets40525576758183807678234268261
CWIP1120101111244922
Investments0000000000000
Other Assets4254556365585758729996122129
Total Assets83106113139141139141139149300379392392

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +6121126101817171327-13
Cash from Investing Activity +-1-13-7-21-4-11-7-2-1-129-88-3
Cash from Financing Activity +-55-74-12-12-8-13-51306815
Net Cash Flow04-49-6-52173-13-1

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-4.00-10.00-6.00-22.00-17.00-14.00-9.00-6.005.00-129.00-225.00-265.00

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 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6693628287827348928994116
Inventory Days368365680464590389681671278257602641
Days Payable150165254262288178210245100139315362
Cash Conversion Cycle284293488284389294544474269207380395
Working Capital Days147135102101138124132124121110173180
ROCE %14%21%20%17%14%13%13%7%15%8%1%-5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters59.68%59.68%59.78%59.85%59.85%59.85%59.85%59.85%59.85%59.85%59.85%59.85%
Public40.32%40.32%40.22%40.14%40.16%40.15%40.15%40.14%40.15%40.15%40.15%40.15%
No. of Shareholders12,93912,85312,76412,43212,03412,08211,82211,57910,78010,1629,6129,651

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-20.83-8.517.329.635.45
Diluted EPS (Rs.)-20.83-8.517.329.635.45
Cash EPS (Rs.)-7.79-0.7611.4813.829.81
Book Value[Excl.RevalReserv]/Share (Rs.)60.4481.9491.4685.0976.04
Book Value[Incl.RevalReserv]/Share (Rs.)60.4481.9491.4685.0976.04
Dividend / Share (Rs.)0.500.501.001.000.75
Revenue From Operations / Share (Rs.)97.4194.2488.6982.7165.46
PBDIT / Share (Rs.)-1.439.4016.0718.2510.93
PBIT / Share (Rs.)-14.461.6611.9114.066.58
PBT / Share (Rs.)-28.30-11.249.9612.384.58
Net Profit / Share (Rs.)-20.83-8.517.329.635.45
PBDIT Margin (%)-1.469.9718.1222.0616.70
PBIT Margin (%)-14.841.7613.4317.0010.05
PBT Margin (%)-29.05-11.9311.2314.966.99
Net Profit Margin (%)-21.38-9.038.2511.648.33
Return on Networth / Equity (%)-34.45-10.388.0011.327.17
Return on Capital Employeed (%)-6.510.706.4915.277.65
Return On Assets (%)-6.60-2.793.038.064.88
Long Term Debt / Equity (X)2.611.790.930.000.03
Total Debt / Equity (X)3.472.291.310.130.15
Asset Turnover Ratio (%)0.310.340.490.710.58
Current Ratio (X)0.961.081.091.951.68
Quick Ratio (X)0.550.650.811.350.90
Inventory Turnover Ratio (X)0.861.031.180.930.69
Dividend Payout Ratio (NP) (%)-2.40-11.7413.657.783.76
Dividend Payout Ratio (CP) (%)-6.41-130.318.705.422.09
Earning Retention Ratio (%)102.40111.7486.3592.2296.24
Cash Earning Retention Ratio (%)106.41230.3191.3094.5897.91
Interest Coverage Ratio (X)-0.100.728.2310.845.47
Interest Coverage Ratio (Post Tax) (X)-0.500.344.756.723.73
Enterprise Value (Cr.)396.34325.62242.1298.0146.24
EV / Net Operating Revenue (X)3.272.782.190.950.56
EV / EBITDA (X)-222.9827.8112.104.313.40
MarketCap / Net Operating Revenue (X)1.130.810.980.930.45
Retention Ratios (%)102.40111.7486.3492.2196.23
Price / BV (X)1.820.930.950.910.39
Price / Net Operating Revenue (X)1.130.810.980.930.45
EarningsYield-0.18-0.110.080.120.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Flex Foods Ltd as of November 19, 2024 is: 194.66

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 November 19, 2024, Flex Foods Ltd is Undervalued by 114.38% compared to the current share price 90.80

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of Flex Foods Ltd as of November 19, 2024 is: 96.23

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 November 19, 2024, Flex Foods Ltd is Undervalued by 5.98% compared to the current share price 90.80

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -50.57%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (92.08 cr) and profit (2.00 cr) over the years.
  1. The stock has a low average ROCE of 11.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 132.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 358.42, which may not be favorable.
  4. The company has higher borrowings (89.31) compared to reserves (67.54), which may suggest financial risk.

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 Flex Foods Ltd:
    1. Net Profit Margin: -21.38%
      • 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: -6.51% (Industry Average ROCE: 18.21%)
      • 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%: -34.45% (Industry Average ROE: 18.2%)
      • 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): -0.5
      • 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: 0.55
      • 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: 0 (Industry average Stock P/E: 160.86)
      • 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: 3.47
      • 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

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. 110.42 Cr. and Equity Capital is Rs. 12.45 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/OthersLal Tappar Industrial Area, Dehradun District Uttarakhand/Uttaranchal 248140secretarial@flexfoodsltd.com
http://www.flexfoodsltd.com
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 latest intrinsic value of Flex Foods Ltd?

The latest intrinsic value of Flex Foods Ltd as on 19 November 2024 is ₹194.66, which is 114.38% higher than the current market price of ₹90.80.

What is the Market Cap of Flex Foods Ltd?

The Market Cap of Flex Foods Ltd is 113 Cr..

What is the current Stock Price of Flex Foods Ltd as on 19 November 2024?

The current stock price of Flex Foods Ltd as on 19 November 2024 is ₹90.8.

What is the High / Low of Flex Foods Ltd stocks in FY 2024?

In FY 2024, the High / Low of Flex Foods Ltd stocks is 164/88.0.

What is the Stock P/E of Flex Foods Ltd?

The Stock P/E of Flex Foods Ltd is .

What is the Book Value of Flex Foods Ltd?

The Book Value of Flex Foods Ltd is 44.2.

What is the Dividend Yield of Flex Foods Ltd?

The Dividend Yield of Flex Foods Ltd is 0.55 %.

What is the ROCE of Flex Foods Ltd?

The ROCE of Flex Foods Ltd is 5.33 %.

What is the ROE of Flex Foods Ltd?

The ROE of Flex Foods Ltd is 29.2 %.

What is the Face Value of Flex Foods Ltd?

The Face Value of Flex Foods Ltd is 10.0.

About the Author

Author Avatar
Getaka

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 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