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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Prataap Snacks Ltd

Basic Stock Data

Last Updated: July 20, 2024, 10:42 pm

Market Cap 2,077 Cr.
Current Price 870
High / Low1,450/747
Stock P/E102
Book Value 288
Dividend Yield0.11 %
ROCE1.15 %
ROE3.14 %
Face Value 5.00
PEG Ratio-7.00

Data Source: screener.in

Competitors of Prataap Snacks Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nestle India Ltd 2,50,474 Cr. 2,5982,771/2,14578.6 34.60.60 %169 %135 % 1.00
Eco Friendly Food Processing Park Ltd 229 Cr. 9.2410.6/9.241,907 1.770.00 %0.26 %0.27 % 1.00
Hindustan Foods Ltd 6,595 Cr. 576630/46170.9 56.40.00 %15.4 %18.2 % 2.00
Anjani Foods Ltd 117 Cr. 41.752.4/23.181.5 5.240.00 %12.1 %10.3 % 2.00
Ceeta Industries Ltd 48.5 Cr. 33.545.7/27.0 16.90.00 %3.55 %6.32 % 1.00
Industry Average24,919.74 Cr1,258.25168.67124.300.20%24.17%22.45%5.88

Quarterly Result

MonthMar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
Sales314196327339310280371385361383457426387
Expenses300188303322296269346367357385435403368
Operating Profit1482318141124185-2222319
OPM %4%4%7%5%4%4%7%5%1%-1%5%5%5%
Other Income2222318-1222321
Interest2221122222221
Depreciation15161313131313131414181515
Profit before tax-1-81152-217-8-9-16584
Tax %2,075%21%23%15%-210%27%15%15%68%28%18%38%-495%
Net Profit20-6857-215-7-3-114522
EPS in Rs8.43-2.543.601.943.04-0.686.26-3.09-1.26-4.861.812.249.21

Last Updated: July 11, 2024, 7:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 8:51 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Sales1733444465597578941,0171,1711,3941,1711,3971,653
Expenses1543164255257008519301,0871,3001,1081,3381,590
Operating Profit182820345743878394635863
OPM %11%8%5%6%8%5%9%7%7%5%4%4%
Other Income1111-5271199-08
Interest145665317677
Depreciation3712151825303862555462
Profit before tax1518513281562563411-22
Tax %17%17%-8%24%1%-38%28%20%-39%-28%222%-1,245%
Net Profit1315510272144454714320
EPS in Rs409.74482.79174.68316.50875.0010.8018.8419.0320.016.041.248.66
Dividend Payout %0%0%0%0%0%0%5%5%5%8%40%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)15.38%-66.67%100.00%170.00%-22.22%109.52%2.27%4.44%-70.21%-78.57%566.67%
Change in YoY Net Profit Growth (%)0.00%-82.05%166.67%70.00%-192.22%131.75%-107.25%2.17%-74.66%-8.36%645.24%

Growth

Compounded Sales Growth
10 Years:17%
5 Years:10%
3 Years:6%
TTM:18%
Compounded Profit Growth
10 Years:3%
5 Years:-14%
3 Years:-24%
TTM:8%
Stock Price CAGR
10 Years:%
5 Years:3%
3 Years:6%
1 Year:10%
Return on Equity
10 Years:6%
5 Years:5%
3 Years:3%
Last Year:3%

Last Updated: July 17, 2024, 5:17 pm

Balance Sheet

Last Updated: July 10, 2024, 8:51 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital000002121212121212
Reserves101146176188216236508550596611613665
Preference Capital111110000000
Borrowings0425045548071873578060
Other Liabilities223453667198136246239205203176
Total Liabilities123222280299341416663826921886907912
Fixed Assets63125143158168205268526588558550581
CWIP33152430522720211415
Investments000000000000
Other Assets5694122117143159392293313307343316
Total Assets123222280299341416663826921886907912

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 61113334331841175774680
Cash from Investing Activity -50-92-38-29-47-59-193-43-49-77-36-25
Cash from Financing Activity 586929-95331638-28-15-2-52
Net Cash Flow14-114-52553-24-2-1573

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow17.00-15.00-32.00-12.001.00-37.0080.0065.0021.006.00-22.003.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days114109967109843
Inventory Days796458524846485349575141
Days Payable473342433842533832383232
Cash Conversion Cycle44352618191022525272413
Working Capital Days3125191616462222302117
ROCE %15%5%9%16%6%15%10%7%3%3%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters71.48%71.49%71.49%71.49%71.17%71.18%71.18%71.18%69.96%69.75%64.30%64.27%
FIIs4.66%5.09%5.10%4.86%4.63%3.54%3.48%3.52%3.37%2.92%5.40%5.35%
DIIs16.49%16.42%14.85%13.63%13.27%11.23%11.20%11.23%11.00%11.25%11.11%10.63%
Public7.37%7.00%8.56%10.02%10.93%14.06%14.13%14.06%15.68%16.07%19.18%19.76%
No. of Shareholders14,86016,05614,73814,01513,99113,71813,10913,03313,59113,19815,09616,739

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Small Cap Fund - Regular Plan882,9790.6486.27290,0002024-07-19204.48%
Bandhan Focused Equity Fund411,1072.8940.17290,0002024-07-1941.76%
SBI Contra Fund290,0000.1528.33290,0002024-07-190%
Bajaj Finserv Flexi Cap Fund180,4140.9517.63290,0002024-07-19-37.79%
Kotak Debt Hybrid Fund - Regular Plan121,5410.5612.13290,0002024-07-19-58.09%
Aditya Birla Sun Life Manufacturing Equity Fund45,7640.64.47290,0002024-07-19-84.22%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)8.511.246.0420.0119.03
Diluted EPS (Rs.)8.511.246.0420.0119.03
Cash EPS (Rs.)35.1524.1729.3046.3335.08
Book Value[Excl.RevalReserv]/Share (Rs.)275.53266.17265.69259.24239.35
Book Value[Incl.RevalReserv]/Share (Rs.)275.53266.17265.69259.24239.35
Revenue From Operations / Share (Rs.)704.78595.50499.33594.29499.13
PBDIT / Share (Rs.)29.9330.7230.6643.8740.15
PBIT / Share (Rs.)3.447.797.3917.5424.10
PBT / Share (Rs.)0.64-1.024.7214.3623.73
Net Profit / Share (Rs.)8.661.246.0420.0119.03
NP After MI And SOA / Share (Rs.)8.661.246.0420.0119.03
PBDIT Margin (%)4.245.156.147.388.04
PBIT Margin (%)0.481.301.482.954.82
PBT Margin (%)0.09-0.170.942.414.75
Net Profit Margin (%)1.220.201.203.363.81
NP After MI And SOA Margin (%)1.220.201.203.363.81
Return on Networth / Equity (%)3.140.462.277.717.95
Return on Capital Employeed (%)1.072.552.315.138.06
Return On Assets (%)2.220.321.595.095.40
Total Debt / Equity (X)0.000.040.010.000.03
Asset Turnover Ratio (%)1.821.391.151.461.50
Current Ratio (X)1.521.361.772.032.07
Quick Ratio (X)0.680.600.800.921.12
Inventory Turnover Ratio (X)8.516.795.586.877.45
Dividend Payout Ratio (NP) (%)5.7740.3116.564.995.25
Dividend Payout Ratio (CP) (%)1.422.063.412.152.85
Earning Retention Ratio (%)94.2359.6983.4495.0194.75
Cash Earning Retention Ratio (%)98.5897.9496.5997.8597.15
Interest Coverage Ratio (X)10.7210.7211.4713.78109.77
Interest Coverage Ratio (Post Tax) (X)4.103.513.267.2953.05
Enterprise Value (Cr.)1698.801617.821336.851109.642116.64
EV / Net Operating Revenue (X)1.031.161.140.791.81
EV / EBITDA (X)24.2022.4618.5910.7922.48
MarketCap / Net Operating Revenue (X)1.041.161.160.831.86
Retention Ratios (%)94.2259.6883.4395.0094.74
Price / BV (X)2.672.592.181.913.88
Price / Net Operating Revenue (X)1.041.161.160.831.86
EarningsYield0.010.000.010.040.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 923.42

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: 6.14% compared to the current price 870

Intrinsic Value: 788.89

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.

Overvalued: 9.32% compared to the current price 870

Last 5 Year EPS CAGR: -14.57%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of 19.08, which is a positive sign.
  2. The company has higher reserves (383.83 cr) compared to borrowings (47.75 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (264.92 cr) and profit (21.42 cr) over the years.
  1. The stock has a low average ROCE of 7.50%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 22.33, which may not be favorable.

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 Prataap Snacks Ltd:
    1. Net Profit Margin: 1.22%
      • 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: 1.07% (Industry Average ROCE: %)
      • 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%: 3.14% (Industry Average ROE: %)
      • 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): 4.10
      • 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: 0.68
      • 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: 102 (Industry average Stock P/E: )
      • 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: 0.00
      • 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

Prataap Snacks Ltd. is a Public Limited Listed company incorporated on 23/03/2009 and has its registered office in the State of Madhya Pradesh, India. Company’s Corporate Identification Number(CIN) is L15311MP2009PLC021746 and registration number is 021746. Currently Company is involved in the business activities of Manufacture of bakery products. Company’s Total Operating Revenue is Rs. 1223.37 Cr. and Equity Capital is Rs. 11.73 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/OthersKhasra No. 378/2, Indore District Madhya Pradesh 452020complianceofficer@yellowdiamond.in
http://www.yellowdiamond.in
Management
NamePosition Held
Mr. Arvind MehtaChairman & Executive Director
Mr. Amit KumatManaging Director & CEO
Mr. Apoorva KumatExecutive Director - Operations
Mr. Bharat SinghNon Exe. & Nominee Director
Mr. V T BharadwajIndependent Director
Mrs. Anisha MotwaniIndependent Director
Mr. Vineet Kumar KapilaIndependent Director
Mr. Chetan Kumar MathurIndependent Director

FAQ

What is the latest fair value of Prataap Snacks Ltd?

The latest fair value of Prataap Snacks Ltd is ₹923.42.

What is the Market Cap of Prataap Snacks Ltd?

The Market Cap of Prataap Snacks Ltd is 2,077 Cr..

What is the current Stock Price of Prataap Snacks Ltd as on 21 July 2024?

The current stock price of Prataap Snacks Ltd as on 21 July 2024 is 870.

What is the High / Low of Prataap Snacks Ltd stocks in FY 2024?

In FY 2024, the High / Low of Prataap Snacks Ltd stocks is 1,450/747.

What is the Stock P/E of Prataap Snacks Ltd?

The Stock P/E of Prataap Snacks Ltd is 102.

What is the Book Value of Prataap Snacks Ltd?

The Book Value of Prataap Snacks Ltd is 288.

What is the Dividend Yield of Prataap Snacks Ltd?

The Dividend Yield of Prataap Snacks Ltd is 0.11 %.

What is the ROCE of Prataap Snacks Ltd?

The ROCE of Prataap Snacks Ltd is 1.15 %.

What is the ROE of Prataap Snacks Ltd?

The ROE of Prataap Snacks Ltd is 3.14 %.

What is the Face Value of Prataap Snacks Ltd?

The Face Value of Prataap Snacks Ltd is 5.00.

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 Prataap Snacks 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