Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tasty Bite Eatables Ltd

Basic Stock Data

Last Updated: June 13, 2024, 6:37 am

Market Cap 2,772 Cr.
Current Price 10,768
High / Low19,867/9,950
Stock P/E66.8
Book Value 1,117
Dividend Yield0.02 %
ROCE16.7 %
ROE15.7 %
Face Value 10.0
PEG Ratio208.28

Competitors of Tasty Bite Eatables Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ceeta Industries Ltd 50.8 Cr. 35.045.7/16.6 16.90.00 %3.55 %6.32 % 1.00
Bambino Agro Industries Ltd 284 Cr. 355470/29026.0 1160.45 %13.1 %12.4 % 10.0
Aveer Foods Ltd 205 Cr. 510693/386164 43.40.00 %10.3 %7.41 % 10.0
Chothani Foods Ltd 26.4 Cr. 26.038.0/12.6188 15.10.00 %5.33 %2.06 % 10.0
Hindustan Foods Ltd 5,820 Cr. 508630/46162.5 56.40.00 %15.4 %18.2 % 2.00
Industry Average1,277.24 Cr286.8088.1049.560.09%9.54%9.28%6.60

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales121.93111.4685.8774.25100.52118.58141.97105.48109.62153.75144.99132.69108.91
Expenses100.8495.2582.7571.9988.54104.40121.9394.1991.16120.72125.12119.62100.65
Operating Profit21.0916.213.122.2611.9814.1820.0411.2918.4633.0319.8713.078.26
OPM %17.30%14.54%3.63%3.04%11.92%11.96%14.12%10.70%16.84%21.48%13.70%9.85%7.58%
Other Income5.141.596.162.003.724.972.123.343.345.014.834.253.79
Interest1.742.451.491.832.512.142.342.612.411.912.171.391.53
Depreciation5.955.896.086.076.246.557.076.837.027.497.337.607.15
Profit before tax18.549.461.71-3.646.9510.4612.755.1912.3728.6415.208.333.37
Tax %25.24%24.31%22.81%22.53%32.95%25.43%25.41%27.36%26.19%25.38%25.20%24.97%24.63%
Net Profit13.877.171.32-2.824.667.809.513.779.1321.3711.366.252.55
EPS in Rs54.0527.945.14-10.9918.1630.4037.0614.6935.5883.2844.2724.369.94

Last Updated: June 9, 2024, 7:13 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 6:11 am

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales112145167196252296337426385372476540
Expenses99134152174209248291381332338411466
Operating Profit131215214348464554346574
OPM %11%8%9%11%17%16%14%11%14%9%14%14%
Other Income00111337182919131318
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%

Growth

Compounded Sales Growth
10 Years:16%
5 Years:10%
3 Years:4%
TTM:16%
Compounded Profit Growth
10 Years:17%
5 Years:3%
3 Years:-9%
TTM:87%
Stock Price CAGR
10 Years:47%
5 Years:7%
3 Years:-6%
1 Year:27%
Return on Equity
10 Years:20%
5 Years:17%
3 Years:13%
Last Year:13%

Last Updated: April 12, 2024, 4:57 am

Tasty Bite Eatables Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital3333333333333
Reserves21273142587297129161204215241276
Preference Capital111110000000
Borrowings214344434063543971175138134109
Other Liabilities15203125303238546566768372
Total Liabilities6193109113131170192225300448431461459
Fixed Assets313264616165768298179189207194
CWIP11210092102642625473
Investments0001200000000
Other Assets294945516896113132175226180200192
Total Assets6193109113131170192225300448431461459

Reserves and Borrowings Chart

Tasty Bite Eatables Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 11-223101512215637406561
Cash from Investing Activity -8-15-21-4-7-24-7-30-52-56-47-34
Cash from Financing Activity 120-7-4-611-12-231543-49-18
Net Cash Flow43-521-122-027-3110

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow12.0011.0014.0020.0043.0048.0046.0045.0054.0034.0065.0074.00

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 Days415836404348454249515344
Inventory Days51565548566972877710498106
Days Payable717292585850556862749183
Cash Conversion Cycle2142-0304266636064826168
Working Capital Days3646154359806566661008473
ROCE %8%17%11%23%28%31%30%32%28%18%6%14%

Financial Efficiency Indicators Chart

Tasty Bite Eatables Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters74.23%74.23%74.23%74.23%74.23%74.23%74.23%74.23%74.23%74.23%74.23%74.23%
FIIs3.64%3.43%3.44%3.67%3.67%3.60%3.61%3.56%3.67%3.61%3.73%3.77%
DIIs0.50%0.76%0.69%0.25%0.25%0.14%0.97%0.98%0.89%0.62%0.48%0.47%
Public21.62%21.57%21.64%21.84%21.85%22.03%21.18%21.24%21.21%21.53%21.57%21.50%
No. of Shareholders9,59311,10113,38916,43116,80117,43517,79217,08816,63215,34813,70213,937

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) (%)0.000.854.961.301.51
Dividend Payout Ratio (CP) (%)0.000.441.480.901.07
Earning Retention Ratio (%)0.0099.1595.0498.7098.49
Cash Earning Retention Ratio (%)0.0099.5698.5299.1098.93
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 (%)0.0099.1495.0398.6998.48
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: 11,716.99

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: 8.81% compared to the current price 10768

Intrinsic Value: 11,754.57

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.

Undervalued: 9.16% compared to the current price ₹10768

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 20.50%, which is a positive sign.
  2. The company has higher reserves (130.08 cr) compared to borrowings (0.33 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 61.08, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 49.92, 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: 9.54%)
      • 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: 9.28%)
      • 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: 1.10
      • 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: 66.8 (Industry average Stock P/E: 88.1)
      • 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

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, Wakdewadi, Shivajinagar, Pune Maharashtra 411005secretarial@tastybite.com
http://www.tastybite.co.in
Management
NamePosition Held
Mr. Pradeep PoddarChairman(NonExe.&Ind.Director)
Mr. Emmanuelle OrthNon Executive Director
Mr. Sukhdev David DusanghNon Executive Director
Mr. Rajendra JadhavWhole Time Director
Dr. Chengappa GanapatiIndependent Director
Mr. Kavas PatelIndependent Director
Ms. Rama KannanIndependent Director

FAQ

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

The latest fair value of Tasty Bite Eatables Ltd is ₹11716.99.

What is the Market Cap of Tasty Bite Eatables Ltd?

The Market Cap of Tasty Bite Eatables Ltd is 2,772 Cr..

What is the current Stock Price of Tasty Bite Eatables Ltd as on 13 June 2024?

The current stock price of Tasty Bite Eatables Ltd as on 13 June 2024 is ₹10,768.

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 19,867/9,950.

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

The Stock P/E of Tasty Bite Eatables Ltd is 66.8.

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 16.7 %.

What is the ROE of Tasty Bite Eatables Ltd?

The ROE of Tasty Bite Eatables Ltd is 15.7 %.

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