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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Tasty Bite Eatables Ltd

About the Company - Tasty Bite Eatables Ltd

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

Tasty Bite Eatables Ltd. Share Price Update

Share PriceValue
Today₹13,656.95
Previous Day₹13,567.20

Basic Stock Data of Tasty Bite Eatables Ltd

Market Cap 3,511 Cr.
Current Price 13,684
High / Low19,867/7,955
Stock P/E73.0
Book Value 1,085
Dividend Yield0.01 %
ROCE14.0 %
ROE13.5 %
Face Value 10.0

Data Source: screener.in

Competitors of Tasty Bite Eatables Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Nestle India Ltd 2,42,818 Cr. 2,5182,771/1,78880.8 32.10.67 %135 %108 % 1.00
Parag Milk Foods Ltd 3,017 Cr. 257290/68.029.3 72.80.00 %8.72 %7.88 % 10.0
Hindustan Foods Ltd 5,964 Cr. 529669/49166.0 37.50.00 %18.2 %21.0 % 2.00
Prataap Snacks Ltd 2,980 Cr. 1,2481,450/661146 2880.07 %1.15 %3.14 % 5.00
Sarveshwar Foods Ltd 1,228 Cr. 12.613.0/2.0885.0 2.490.00 %8.12 %4.69 % 1.00
Industry Average2.6 Cr160.3281.4286.580.15%34.24%28.94%3.8

Tasty Bite Eatables Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales911191221118674101119142105110154145
Expenses78101101958372891041229491121125
Operating Profit131821163212142011183320
OPM %14%15%17%15%4%3%12%12%14%11%17%21%14%
Other Income5552624523355
Interest0022123223222
Depreciation4466666777777
Profit before tax14181992-4710135122915
Tax %26%24%25%24%23%23%33%25%25%27%26%25%25%
Net Profit11131471-35810492111
EPS in Rs41.1952.5754.0527.945.14-10.9918.1630.4037.0614.6935.5883.2844.27

Tasty Bite Eatables Ltd Quarterly Chart

Tasty Bite Eatables Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales82112145167196252296337426385372476514
Expenses7799134152174209248291381332338411431
Operating Profit5131215214348464554346583
OPM %6%11%8%9%11%17%16%14%11%14%9%14%16%
Other Income100111337182919131317
Interest1123232443899
Depreciation23477911131717242729
Profit before tax29616253441475353144161
Tax %31%32%31%35%34%36%36%36%23%25%29%26%
Net Profit26411162226304139103046
EPS in Rs6.4724.6716.8742.0562.8285.70103.12117.15159.24153.3140.26117.73177.82
Dividend Payout %15%4%6%2%3%2%2%2%1%1%2%2%

Tasty Bite Eatables Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth
Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)200.00%-33.33%175.00%45.45%37.50%18.18%15.38%36.67%-4.88%-74.36%200.00%
Change in YoY Net Profit Growth (%)0.00%-233.33%208.33%-129.55%-7.95%-19.32%-2.80%21.28%-41.54%-69.48%274.36%

Tasty Bite Eatables Ltd 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:48%
5 Years:12%
3 Years:-2%
1 Year:50%
Return on Equity
10 Years:20%
5 Years:17%
3 Years:13%
Last Year:13%

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

Tasty Bite Eatables Ltd 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

Tasty Bite Eatables Ltd 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%

Tasty Bite Eatables Ltd 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

Tasty Bite Eatables Ltd Shareholding Pattern Chart

No. of Tasty Bite Eatables Ltd Shareholders

This stock is not held by any mutual fund

Tasty Bite Eatables Ltd ROCE Trend

Tasty Bite Eatables Ltd EPS Trend

Tasty Bite Eatables Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)117.7340.25153.32159.24117.16
Diluted EPS (Rs.)117.7340.25153.32159.24117.16
Cash EPS (Rs.)224.83134.89220.21224.90166.46
Book Value[Excl.RevalReserv]/Share (Rs.)948.92846.37805.22635.77514.41
Book Value[Incl.RevalReserv]/Share (Rs.)948.92846.37805.22635.77514.41
Dividend / Share (Rs.)2.001.002.002.002.00
Revenue From Operations / Share (Rs.)1853.711450.081501.611659.291313.05
PBDIT / Share (Rs.)302.93183.34283.57287.30249.62
PBIT / Share (Rs.)195.8388.70216.68221.64200.33
PBT / Share (Rs.)158.8756.41204.89207.93183.46
Net Profit / Share (Rs.)117.7340.25153.32159.24117.16
PBDIT Margin (%)16.3412.6418.8817.3119.01
PBIT Margin (%)10.566.1114.4213.3515.25
PBT Margin (%)8.573.8913.6412.5313.97
Net Profit Margin (%)6.352.7710.219.598.92
Return on Networth / Equity (%)12.404.7519.0425.0422.77
Return on Capital Employeed (%)14.966.9916.9828.5930.73
Return On Assets (%)6.552.398.7913.6313.37
Long Term Debt / Equity (X)0.130.200.240.120.19
Total Debt / Equity (X)0.310.340.480.330.24
Asset Turnover Ratio (%)1.070.841.031.621.62
Current Ratio (X)1.481.511.661.492.10
Quick Ratio (X)0.780.871.090.901.25
Inventory Turnover Ratio (X)4.003.663.855.285.08
Dividend Payout Ratio (NP) (%)0.854.961.301.512.05
Dividend Payout Ratio (CP) (%)0.441.480.901.071.44
Earning Retention Ratio (%)99.1595.0498.7098.4997.95
Cash Earning Retention Ratio (%)99.5698.5299.1098.9398.56
Interest Coverage Ratio (X)8.205.6824.0520.9414.80
Interest Coverage Ratio (Post Tax) (X)4.192.2514.0112.617.95
Enterprise Value (Cr.)2122.442858.163757.132356.292168.79
EV / Net Operating Revenue (X)4.467.689.755.536.44
EV / EBITDA (X)27.3060.7551.6331.9633.86
MarketCap / Net Operating Revenue (X)4.337.499.585.426.37
Retention Ratios (%)99.1495.0398.6998.4897.94
Price / BV (X)8.4612.8417.8714.1616.25
Price / Net Operating Revenue (X)4.337.499.585.426.37
EarningsYield0.010.000.010.010.01

Tasty Bite Eatables Ltd Profitability Ratios (%)

Tasty Bite Eatables Ltd Liquidity Ratios

Tasty Bite Eatables Ltd Liquidity Ratios (%)

Tasty Bite Eatables Ltd Interest Coverage Ratios (X)

Tasty Bite Eatables Ltd Valuation Ratios

Fair Value / Intrinsic Value of Tasty Bite Eatables Ltd

Fair Value: ₹10693.74

The stock is overvalued by 21.85% compared to the current price ₹13684

*Investments are subject to market risks

Strength and Weakness of Tasty Bite Eatables Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 20.50%, which is a positive sign.
  2. The company has higher reserves (121.08 cr) compared to borrowings (0.38 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (289.23 cr) and profit (30.92 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 261.35 and average Dividend Yield of 11.94%.
  2. The stock has a high average Working Capital Days of 61.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 49.92, which may not be favorable.

Should I Buy Tasty Bite Eatables Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Tasty Bite Eatables Ltd:
    1. Net Profit Margin: 6.35%
      • 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: 14.96% (Industry Average ROCE: 22.95%)
      • 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): 4.19
      • 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: 0.78
      • 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: 73.0 (Industry average Stock P/E: 54.69)
      • 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: 0.31
      • 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 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