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Last Updated on: 27 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Prataap Snacks Ltd

About the Company - Prataap Snacks Ltd

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

Prataap Snacks Ltd. Share Price Update

Share PriceValue
Today₹1,149.30
Previous Day₹1,226.80

Basic Stock Data of Prataap Snacks Ltd

Market Cap 2,751 Cr.
Current Price 1,152
High / Low1,450/661
Stock P/E135
Book Value 288
Dividend Yield0.09 %
ROCE1.15 %
ROE3.14 %
Face Value 5.00

Data Source: screener.in

Competitors of Prataap Snacks Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Parag Milk Foods Ltd 3,015 Cr. 257290/68.029.2 72.80.00 %8.72 %7.88 % 10.0
Tasty Bite Eatables Ltd 3,480 Cr. 13,56219,867/7,95572.4 1,0850.01 %14.0 %13.5 % 10.0
Hindustan Foods Ltd 5,964 Cr. 529669/49166.0 37.50.00 %18.2 %21.0 % 2.00
Britannia Industries Ltd 1,17,805 Cr. 4,8915,386/4,15354.7 1181.47 %48.6 %66.6 % 1.00
SKM Egg Products Export (India) Ltd 711 Cr. 270560/1226.76 95.60.93 %46.4 %48.2 % 10.0
Industry Average26,195.00 Cr3,901.8045.81281.780.48%27.18%31.44%6.60

Vadilal Industries Ltd Quarterly Results

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

Prataap Snacks Ltd Quarterly Chart

Prataap Snacks Ltd Profit & Loss

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%

Prataap Snacks Ltd Profit & Loss Yearly Chart

Prataap Snacks Ltd 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:7%
3 Years:23%
1 Year:56%
Return on Equity
10 Years:6%
5 Years:5%
3 Years:3%
Last Year:3%

Prataap Snacks Ltd Balance Sheet

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

Prataap Snacks Ltd Reserves and Borrowings Chart

Prataap Snacks Ltd 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

Prataap Snacks Ltd 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%

Prataap Snacks Ltd Financial Efficiency Indicators Chart

Prataap Snacks Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters71.48%71.48%71.48%71.49%71.49%71.49%71.17%71.18%71.18%71.18%69.96%69.75%
FIIs4.88%4.78%4.66%5.09%5.10%4.86%4.63%3.54%3.48%3.52%3.37%2.92%
DIIs16.33%16.44%16.49%16.42%14.85%13.63%13.27%11.23%11.20%11.23%11.00%11.25%
Public7.31%7.30%7.37%7.00%8.56%10.02%10.93%14.06%14.13%14.06%15.68%16.07%
No. of Shareholders13,26313,58314,86016,05614,73814,01513,99113,71813,10913,03313,59113,198

Prataap Snacks Ltd Shareholding Pattern Chart

No. of Prataap Snacks Ltd Shareholders

Prataap Snacks Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Kotak Small Cap Fund - Regular Plan8829790.6486.27
Bandhan Focused Equity Fund4111072.8940.17
SBI Contra Fund2900000.1528.33
Bajaj Finserv Flexi Cap Fund1804140.9517.63
Kotak Debt Hybrid Fund - Regular Plan1215410.5612.13
Aditya Birla Sun Life Manufacturing Equity Fund457640.64.47

Prataap Snacks Ltd ROCE Trend

Prataap Snacks Ltd EPS Trend

Prataap Snacks Ltd 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

Prataap Snacks Ltd Profitability Ratios (%)

Prataap Snacks Ltd Liquidity Ratios

Prataap Snacks Ltd Liquidity Ratios (%)

Prataap Snacks Ltd Interest Coverage Ratios (%)

Prataap Snacks Ltd Valuation Ratios

Fair Value / Intrinsic Value of Prataap Snacks Ltd

Fair Value: ₹1221.93

The stock is undervalued by 6.07% compared to the current price ₹1152

*Investments are subject to market risks

Strength and Weakness of Prataap Snacks Ltd

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 (0.42 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 is trading at a high valuation with an average P/B ratio of 12.05 and average Dividend Yield of 2.21%.
  2. The stock has a low average ROCE of 7.50%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 22.33, which may not be favorable.

Should I Buy Prataap Snacks Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding 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: 23.02%)
      • 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. 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.
    4. 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.
    5. ✗ Stock P/E: 146 (Industry average Stock P/E: 48.24)
      • 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.
    6. ✓ 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

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