Flex Foods Ltd: Intrinsic Value & Share Price Analysis

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

As of 29 April 2026, Flex Foods Ltd's intrinsic value is 93.78, which is 117.08% higher than the current market price of 43.20, suggesting the stock is undervalued. Calculated using the PE ratio method factoring in ROE (55.6 %), book value (15.9), dividend yield (1.16 %), and 5-year EPS CAGR.

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

Flex Foods Ltd is trading at 43.20 as of 29 April 2026, with a FY2026-2027 high of 68.9 and low of 29.4. The stock is currently in the middle of its 52-week range. Market cap stands at 53.8 Cr..

Q: Is Flex Foods Ltd financially healthy?

Key indicators: ROCE of 6.18 % is on the lower side. Dividend yield is 1.16 %.

Q: 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.

Fair Value

₹107.32Undervalued by 148.43%vs CMP ₹43.20

P/E (15.0) × ROE (55.6%) × BV (₹15.90) × DY (1.16%)

Defaults: P/E=15

₹93.78Undervalued by 117.08%vs CMP ₹43.20

MoS: +53.9% (Strong)Confidence: 40/100 (Low)Models: 3 Under, 2 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹52.39	33%	Under (+21.3%)
Net Asset Value	Assets	₹15.26	20%	Over (-64.7%)
Dividend Discount	Dividends	₹10.20	16%	Over (-76.4%)
ROCE Capital	Returns	₹331.06	16%	Under (+666.3%)
Revenue Multiple	Revenue	₹119.64	15%	Under (+176.9%)
Consensus (5 models)		₹93.78	100%	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

Analyst Summary

Flex Foods Ltd operates in the Food Processing - Bakery/Dairy/Fruits/Others segment, NSE: FLEXFO | BSE: 523672, current market price is ₹43.20, market cap is 53.8 Cr.. At a glance, ROE is 55.6 %, ROCE is 6.18 %, book value is 15.9, dividend yield is 1.16 %. The latest intrinsic value estimate is ₹93.78, which is about 117.1% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹149 Cr versus the prior period change of 25.2%, while latest net profit is about ₹-32 Cr with a prior-period change of -23.1%. The 52-week range shown on this page is 68.9/29.4, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisFlex 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(CI…

This summary is generated from the stock page data available for Flex Foods Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

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 16.0% Below peersROE 55.6% vs industry 17.2% 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.

Share Price and Basic Stock Data

Last Updated: April 26, 2026, 1:30 am

Market Cap	53.8 Cr.
Current Price	43.2
Intrinsic Value	₹93.78
High / Low	68.9/29.4
Stock P/E
Book Value	15.9
Dividend Yield	1.16 %
ROCE	6.18 %
ROE	55.6 %
Face Value	10.0
PEG Ratio	0.00

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

Stock P/E Current Price Intrinsic Value

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	502 Cr.	4.66	7.79/2.97	1.46	10.9	0.00 %	42.2 %	44.1 %	1.00
Mrs Bectors Food Specialities Ltd	5,972 Cr.	195	321/174	42.7	39.6	0.62 %	18.1 %	15.6 %	2.00
Nakoda Group of Industries Ltd	64.8 Cr.	37.0	40.0/22.0		18.8	0.00 %	8.11 %	15.4 %	10.0
HMA Agro Industries Ltd	1,197 Cr.	23.9	38.2/20.0	7.04	17.3	1.26 %	11.8 %	11.5 %	1.00
Himalaya Food International Ltd	82.3 Cr.	9.71	17.9/6.81	12.7	21.8	0.00 %	2.29 %	2.79 %	10.0
Industry Average	22,511.33 Cr	619.39		116.70	89.92	0.27%	16.00%	17.20%	5.63

All Competitor Stocks of Flex Foods Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	26.15	34.80	26.95	22.66	27.90	44.44	39.67	36.69	28.10	45.51	40.49	49.18	45.94
Expenses	26.52	29.57	23.49	24.47	38.23	37.95	37.87	45.43	28.51	42.28	46.67	50.33	45.39
Operating Profit	-0.37	5.23	3.46	-1.81	-10.33	6.49	1.80	-8.74	-0.41	3.23	-6.18	-1.15	0.55
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	-0.07	0.03	0.03	0.04	0.31	0.07	0.04	0.05	0.22	0.07	0.38	0.12
Interest	2.47	11.81	3.43	3.34	4.87	5.59	5.08	6.17	5.71	5.84	6.57	6.40	6.50
Depreciation	3.16	3.53	3.64	4.22	4.22	4.15	4.14	4.20	4.19	4.13	4.42	4.47	4.47
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

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	66	72	83	85	91	84	80	102	111	116	119	149	181
Expenses	50	54	64	66	74	67	69	82	92	105	122	153	185
Operating Profit	16	19	18	19	17	18	12	20	20	11	-2	-4	-4
OPM %	24%	26%	22%	22%	19%	21%	15%	20%	18%	10%	-2%	-3%	-2%
Other Income	3	2	2	2	2	2	2	2	0	1	0	0	1
Interest	2	3	4	5	4	3	2	2	2	16	17	23	25
Depreciation	4	4	4	5	5	5	5	5	5	10	16	17	17
Profit before tax	14	14	13	11	11	11	6	15	12	-14	-35	-43	-46
Tax %	24%	35%	37%	30%	36%	-0%	-19%	22%	26%	-24%	-26%	-25%
Net Profit	10	9	8	8	7	11	7	12	9	-11	-26	-32	-35
EPS in Rs	8.31	7.56	6.56	6.31	5.47	8.86	5.45	9.64	7.33	-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

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	12	12	12	12	12	12	12	12	12	12	12	12	12
Reserves	48	51	60	64	66	77	82	93	101	90	63	29	7
Borrowings	26	25	40	36	31	27	18	15	149	236	263	280	305
Other Liabilities	20	24	27	28	29	24	27	27	38	41	55	66	73
Total Liabilities	106	113	139	141	139	141	139	149	300	379	392	388	398
Fixed Assets	52	55	76	75	81	83	80	76	78	234	268	259	253
CWIP	1	2	0	1	0	1	1	1	124	49	2	1	1
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	54	55	63	65	58	57	58	72	99	96	122	129	144
Total Assets	106	113	139	141	139	141	139	149	300	379	392	388	398

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	12	11	26	10	18	17	17	13	2	7	-13	-2
Cash from Investing Activity +	-13	-7	-21	-4	-11	-7	-2	-1	-129	-88	-3	-6
Cash from Financing Activity +	5	-7	4	-12	-12	-8	-13	-5	130	68	15	8
Net Cash Flow	4	-4	9	-6	-5	2	1	7	3	-13	-1	0
Free Cash Flow	-3	1	3	5	7	9	14	11	-127	-82	-17	-8
CFO/OP	87%	80%	154%	66%	125%	100%	140%	80%	30%	69%	601%	56%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-10.00	-6.00	-22.00	-17.00	-14.00	-9.00	-6.00	5.00	-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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	93	62	82	87	82	73	48	92	89	94	116	96
Inventory Days	365	680	464	590	389	681	671	278	257	602	641	342
Days Payable	165	254	262	288	178	210	245	100	139	315	362	228
Cash Conversion Cycle	293	488	284	389	294	544	474	269	207	380	395	211
Working Capital Days	49	24	22	48	71	66	70	71	-30	12	-18	-83
ROCE %	21%	20%	17%	14%	13%	13%	7%	15%	8%	1%	-5%	-6%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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	12,082	11,822	11,579	10,780	10,162	9,612	9,651	9,471	9,474	9,473	9,491	9,328

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

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-26.10	-20.83	-8.51	7.32	9.63
Diluted EPS (Rs.)	-26.10	-20.83	-8.51	7.32	9.63
Cash EPS (Rs.)	-12.72	-7.79	-0.76	11.48	13.82
Book Value[Excl.RevalReserv]/Share (Rs.)	33.58	60.44	81.94	91.46	85.09
Book Value[Incl.RevalReserv]/Share (Rs.)	33.58	60.44	81.94	91.46	85.09
Dividend / Share (Rs.)	0.50	0.50	0.50	1.00	1.00
Revenue From Operations / Share (Rs.)	120.49	97.41	94.24	88.69	82.71
PBDIT / Share (Rs.)	-3.01	-1.43	9.40	16.07	18.25
PBIT / Share (Rs.)	-16.39	-14.46	1.66	11.91	14.06
PBT / Share (Rs.)	-34.70	-28.30	-11.24	9.96	12.38
Net Profit / Share (Rs.)	-26.10	-20.83	-8.51	7.32	9.63
PBDIT Margin (%)	-2.49	-1.46	9.97	18.12	22.06
PBIT Margin (%)	-13.60	-14.84	1.76	13.43	17.00
PBT Margin (%)	-28.79	-29.05	-11.93	11.23	14.96
Net Profit Margin (%)	-21.66	-21.38	-9.03	8.25	11.64
Return on Networth / Equity (%)	-77.73	-34.45	-10.38	8.00	11.32
Return on Capital Employeed (%)	-8.19	-6.51	0.70	6.49	15.27
Return On Assets (%)	-8.36	-6.60	-2.79	3.03	8.06
Long Term Debt / Equity (X)	4.86	2.61	1.79	0.93	0.00
Total Debt / Equity (X)	6.68	3.47	2.29	1.31	0.13
Asset Turnover Ratio (%)	0.38	0.31	0.34	0.49	0.71
Current Ratio (X)	0.76	0.96	1.08	1.09	1.95
Quick Ratio (X)	0.43	0.55	0.65	0.81	1.35
Inventory Turnover Ratio (X)	3.22	0.86	1.03	1.18	0.93
Dividend Payout Ratio (NP) (%)	-1.91	-2.40	-11.74	13.65	7.78
Dividend Payout Ratio (CP) (%)	-3.93	-6.41	-130.31	8.70	5.42
Earning Retention Ratio (%)	101.91	102.40	111.74	86.35	92.22
Cash Earning Retention Ratio (%)	103.93	106.41	230.31	91.30	94.58
Interest Coverage Ratio (X)	-0.16	-0.10	0.72	8.23	10.84
Interest Coverage Ratio (Post Tax) (X)	-0.42	-0.50	0.34	4.75	6.72
Enterprise Value (Cr.)	329.74	396.34	325.62	242.12	98.01
EV / Net Operating Revenue (X)	2.20	3.27	2.78	2.19	0.95
EV / EBITDA (X)	-88.01	-222.98	27.81	12.10	4.31
MarketCap / Net Operating Revenue (X)	0.34	1.13	0.81	0.98	0.93
Retention Ratios (%)	101.91	102.40	111.74	86.34	92.21
Price / BV (X)	1.25	1.82	0.93	0.95	0.91
Price / Net Operating Revenue (X)	0.34	1.13	0.81	0.98	0.93
EarningsYield	-0.62	-0.18	-0.11	0.08	0.12

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.

INDUSTRY	ADDRESS	CONTACT
Food Processing - Bakery/Dairy/Fruits/Others	Lal Tappar Industrial Area, P.O. Resham Majri, Dehradun District Uttarakhand/Uttaranchal 248140	Contact not found

Management
Name	Position Held
Mr. Ashok Chaturvedi	Chairman
Mr. Rahul Razdan	WholeTime Director & CEO
Mr. Rajeev Sharma	Director
Mrs. Indu Liberhan	Director
Mr. Arvind Mahajan	Director
Mr. Pradeep Narendra Poddar	Director

FAQ

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

As of 29 April 2026, Flex Foods Ltd's intrinsic value is ₹93.78, which is 117.08% higher than the current market price of ₹43.20, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (55.6 %), book value (₹15.9), dividend yield (1.16 %), 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 ₹43.20 as of 29 April 2026, with a FY2026-2027 high of ₹68.9 and low of ₹29.4. The stock is currently in the middle of its 52-week range. Market cap stands at ₹53.8 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 116.70. 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 16.00%; ROE of 55.6 % shows strong shareholder returns. Dividend yield is 1.16 %.

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 1.16 % at the current price of ₹43.20. The company pays dividends, though the yield is modest.