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Last Updated on: 14 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Tasty Bite Eatables Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 14, 2024, 9:11 pm

Market Cap 3,139 Cr.
Current Price 12,180
High / Low16,270/9,100
Stock P/E191
Book Value 1,117
Dividend Yield0.02 %
ROCE17.1 %
ROE16.2 %
Face Value 10.0
PEG Ratio595.54

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

View Share Price Target for Tasty Bite Eatables Ltd

Competitors of Tasty Bite Eatables Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
ICL Organic Dairy Products Ltd 23.8 Cr. 39.744.0/39.71,192 20.10.00 %0.25 %0.17 % 10.0
Himalaya Food International Ltd 123 Cr. 21.229.9/17.619.6 24.40.00 %3.63 %3.61 % 10.0
Goldcoin Health Foods Ltd 3.65 Cr. 12.113.6/5.52 3.430.00 %18.4 %24.2 % 10.0
Galaxy Cloud Kitchens Ltd 292 Cr. 64.964.9/12.2 4.780.00 %%% 10.0
Foods & Inns Ltd 866 Cr. 119185/11531.9 70.20.25 %16.1 %12.3 % 1.00
Industry Average15,217.62N/A158.51N/AN/A18.2118.20N/A

All Competitor Stocks of Tasty Bite Eatables Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales111.4685.8774.25100.52118.58141.97105.48109.62153.75144.99132.69108.9185.29
Expenses95.2582.7571.9988.54104.40121.9394.1991.16120.72125.12119.62100.6583.68
Operating Profit16.213.122.2611.9814.1820.0411.2918.4633.0319.8713.078.261.61
OPM %14.54%3.63%3.04%11.92%11.96%14.12%10.70%16.84%21.48%13.70%9.85%7.58%1.89%
Other Income1.596.162.003.724.972.123.343.345.014.834.253.792.24
Interest2.451.491.832.512.142.342.612.411.912.171.391.531.31
Depreciation5.896.086.076.246.557.076.837.027.497.337.607.157.47
Profit before tax9.461.71-3.646.9510.4612.755.1912.3728.6415.208.333.37-4.93
Tax %24.31%22.81%-22.53%32.95%25.43%25.41%27.36%26.19%25.38%25.20%24.97%24.63%-25.35%
Net Profit7.171.32-2.824.667.809.513.779.1321.3711.366.252.55-3.69
EPS in Rs27.945.14-10.9918.1630.4037.0614.6935.5883.2844.2724.369.94-14.38

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales112145167196252296337426385372476540
Expenses99134152174209248291381332338411464
Operating Profit131215214348464554346576
OPM %11%8%9%11%17%16%14%11%14%9%14%14%
Other Income00111337182919131316
Interest123232443897
Depreciation3477911131717242730
Profit before tax9616253441475353144156
Tax %32%31%35%34%36%36%36%23%25%29%26%25%
Net Profit6411162226304139103042
EPS in Rs24.6716.8742.0562.8285.70103.12117.15159.24153.3140.26117.73161.81
Dividend Payout %4%6%2%3%2%2%2%1%1%2%2%1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-33.33%175.00%45.45%37.50%18.18%15.38%36.67%-4.88%-74.36%200.00%40.00%
Change in YoY Net Profit Growth (%)0.00%208.33%-129.55%-7.95%-19.32%-2.80%21.28%-41.54%-69.48%274.36%-160.00%

Tasty Bite Eatables 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:14%
5 Years:10%
3 Years:12%
TTM:-8%
Compounded Profit Growth
10 Years:26%
5 Years:7%
3 Years:3%
TTM:-62%
Stock Price CAGR
10 Years:35%
5 Years:6%
3 Years:-6%
1 Year:-23%
Return on Equity
10 Years:19%
5 Years:16%
3 Years:12%
Last Year:16%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital333333333333
Reserves273142587297129161204215241284
Borrowings444544416354397117513813486
Other Liabilities203024303238546566768374
Total Liabilities93109113131170192225300448431461447
Fixed Assets3264616165768298179189207238
CWIP1210092102642625419
Investments001200000000
Other Assets4945516896113132175226180200190
Total Assets93109113131170192225300448431461447

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-22310151221563740656167
Cash from Investing Activity +-15-21-4-7-24-7-30-52-56-47-34-16
Cash from Financing Activity +20-7-4-611-12-231543-49-18-56
Net Cash Flow3-521-122-027-3110-5

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-31.00-33.00-29.00-20.00-20.00-6.007.00-26.00-121.00-104.00-69.00-10.00

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 Days583640434845424951534440
Inventory Days56554856697287771049810697
Days Payable729258585055686274918358
Cash Conversion Cycle42-030426663606482616879
Working Capital Days4615435980656666100847371
ROCE %17%11%23%28%31%30%32%28%18%6%14%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters74.23%74.23%74.23%74.23%74.23%74.23%74.23%74.23%74.23%74.23%74.23%74.23%
FIIs3.44%3.67%3.67%3.60%3.61%3.56%3.67%3.61%3.73%3.77%4.12%4.12%
DIIs0.69%0.25%0.25%0.14%0.97%0.98%0.89%0.62%0.48%0.47%0.47%0.47%
Public21.64%21.84%21.85%22.03%21.18%21.24%21.21%21.53%21.57%21.50%21.16%21.17%
No. of Shareholders13,38916,43116,80117,43517,79217,08816,63215,34813,70213,93713,25014,820

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.)161.80117.7340.25153.32159.24
Diluted EPS (Rs.)161.80117.7340.25153.32159.24
Cash EPS (Rs.)277.02224.83134.89220.21224.90
Book Value[Excl.RevalReserv]/Share (Rs.)1116.81948.92846.37805.22635.77
Book Value[Incl.RevalReserv]/Share (Rs.)1116.81948.92846.37805.22635.77
Dividend / Share (Rs.)2.002.001.002.002.00
Revenue From Operations / Share (Rs.)2105.691853.711450.081501.611659.29
PBDIT / Share (Rs.)358.95302.93183.34283.57287.30
PBIT / Share (Rs.)243.73195.8388.70216.68221.64
PBT / Share (Rs.)216.45158.8756.41204.89207.93
Net Profit / Share (Rs.)161.80117.7340.25153.32159.24
PBDIT Margin (%)17.0416.3412.6418.8817.31
PBIT Margin (%)11.5710.566.1114.4213.35
PBT Margin (%)10.278.573.8913.6412.53
Net Profit Margin (%)7.686.352.7710.219.59
Return on Networth / Equity (%)14.4812.404.7519.0425.04
Return on Capital Employeed (%)17.1314.966.9916.9828.59
Return On Assets (%)9.296.552.398.7913.63
Long Term Debt / Equity (X)0.090.130.200.240.12
Total Debt / Equity (X)0.110.310.340.480.33
Asset Turnover Ratio (%)1.191.070.841.031.62
Current Ratio (X)2.201.481.511.661.49
Quick Ratio (X)1.100.780.871.090.90
Inventory Turnover Ratio (X)3.734.003.663.855.28
Dividend Payout Ratio (NP) (%)1.230.854.961.301.51
Dividend Payout Ratio (CP) (%)0.720.441.480.901.07
Earning Retention Ratio (%)98.7799.1595.0498.7098.49
Cash Earning Retention Ratio (%)99.2899.5698.5299.1098.93
Interest Coverage Ratio (X)13.168.205.6824.0520.94
Interest Coverage Ratio (Post Tax) (X)6.934.192.2514.0112.61
Enterprise Value (Cr.)3182.802122.442858.163757.132356.29
EV / Net Operating Revenue (X)5.894.467.689.755.53
EV / EBITDA (X)34.5627.3060.7551.6331.96
MarketCap / Net Operating Revenue (X)5.844.337.499.585.42
Retention Ratios (%)98.7699.1495.0398.6998.48
Price / BV (X)11.028.4612.8417.8714.16
Price / Net Operating Revenue (X)5.844.337.499.585.42
EarningsYield0.010.010.000.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Tasty Bite Eatables Ltd as of November 14, 2024 is: 34,569.13

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 14, 2024, Tasty Bite Eatables Ltd is Undervalued by 183.82% compared to the current share price 12,180.00

Intrinsic Value of Tasty Bite Eatables Ltd as of November 14, 2024 is: 34,680.00

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 14, 2024, Tasty Bite Eatables Ltd is Undervalued by 184.73% compared to the current share price 12,180.00

Last 5 Year EPS CAGR: 0.32%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 21.25%, which is a positive sign.
  2. The company has higher reserves (130.08 cr) compared to borrowings (77.83 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (308.67 cr) and profit (32.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 64.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 54.75, 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 Tasty Bite Eatables Ltd:
    1. Net Profit Margin: 7.68%
      • 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: 17.13% (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%: 14.48% (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): 6.93
      • 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: 1.1
      • 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: 191 (Industry average Stock P/E: 158.51)
      • 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: 0.11
      • 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

Tasty Bite Eatables Ltd. is a Public Limited Listed company incorporated on 02/09/1985 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L15419PN1985PLC037347 and registration number is 037347. Currently Company is involved in the business activities of Manufacture of other food products. Company’s Total Operating Revenue is Rs. 372.09 Cr. and Equity Capital is Rs. 2.57 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/Others201-202, Mayfair Towers, Pune Maharashtra 411005secretarial@tastybite.com
http://www.tastybite.co.in
Management
NamePosition Held
Mr. Pradeep PoddarChairman(NonExe.&Ind.Director)
Mr. Dilen GandhiManaging Director
Mr. Sukhdev David DusanghNon Executive Director
Mr. Kavas PatelIndependent Director
Dr. Chengappa GanapatiIndependent Director
Ms. Rama KannanIndependent Director

FAQ

What is the latest intrinsic value of Tasty Bite Eatables Ltd?

The latest intrinsic value of Tasty Bite Eatables Ltd as on 14 November 2024 is ₹34569.13, which is 183.82% higher than the current market price of ₹12,180.00.

What is the Market Cap of Tasty Bite Eatables Ltd?

The Market Cap of Tasty Bite Eatables Ltd is 3,139 Cr..

What is the current Stock Price of Tasty Bite Eatables Ltd as on 14 November 2024?

The current stock price of Tasty Bite Eatables Ltd as on 14 November 2024 is ₹12,180.

What is the High / Low of Tasty Bite Eatables Ltd stocks in FY 2024?

In FY 2024, the High / Low of Tasty Bite Eatables Ltd stocks is 16,270/9,100.

What is the Stock P/E of Tasty Bite Eatables Ltd?

The Stock P/E of Tasty Bite Eatables Ltd is 191.

What is the Book Value of Tasty Bite Eatables Ltd?

The Book Value of Tasty Bite Eatables Ltd is 1,117.

What is the Dividend Yield of Tasty Bite Eatables Ltd?

The Dividend Yield of Tasty Bite Eatables Ltd is 0.02 %.

What is the ROCE of Tasty Bite Eatables Ltd?

The ROCE of Tasty Bite Eatables Ltd is 17.1 %.

What is the ROE of Tasty Bite Eatables Ltd?

The ROE of Tasty Bite Eatables Ltd is 16.2 %.

What is the Face Value of Tasty Bite Eatables Ltd?

The Face Value of Tasty Bite Eatables 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 Tasty Bite Eatables 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