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Last Updated on: 25 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 543253 | NSE: BECTORFOOD

Mrs Bectors Food Specialities Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 25, 2024, 7:24 am

Market Cap 10,096 Cr.
Current Price 1,644
High / Low 2,200/964
Stock P/E70.8
Book Value 182
Dividend Yield0.20 %
ROCE25.4 %
ROE23.2 %
Face Value 10.0
PEG Ratio4.96

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

View Share Price Target for Mrs Bectors Food Specialities Ltd

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Mrs Bectors Food Specialities Ltd 10,096 Cr. 1,644 2,200/96470.8 1820.20 %25.4 %23.2 % 10.0
Nakoda Group of Industries Ltd 57.3 Cr. 41.2 59.5/33.3 11.80.00 %1.80 %12.1 % 10.0
ICL Organic Dairy Products Ltd 23.8 Cr. 39.7 39.7/39.71,192 20.10.00 %0.25 %0.17 % 10.0
Himalaya Food International Ltd 112 Cr. 19.3 29.9/18.817.9 24.40.00 %3.63 %3.61 % 10.0
Goldcoin Health Foods Ltd 3.42 Cr. 11.4 13.6/6.14 3.430.00 %18.4 %24.2 % 10.0
Industry Average16,850.00 Cr856.43191.36122.910.20%18.59%18.53%6.74

All Competitor Stocks of

Quarterly Result

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales246263252301347368346374415429406439496
Expenses212230227270303317298316350368348375426
Operating Profit35332531445148586561596470
OPM %14%13%10%10%13%14%14%15%16%14%14%15%14%
Other Income2212334535756
Interest1223442233444
Depreciation11121213141413141516161719
Profit before tax24211317303737475046454852
Tax %25%26%19%26%26%25%25%25%25%25%26%25%26%
Net Profit18161013222828353735343539
EPS in Rs3.082.641.732.163.734.724.705.936.345.885.726.026.34

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales6917847628819881,3621,6241,771
Expenses6046876697398651,1871,3811,517
Operating Profit869793141123175243254
OPM %12%12%12%16%12%13%15%14%
Other Income223106121922
Interest71316107131216
Depreciation2835424546536169
Profit before tax5351399776121188192
Tax %32%35%22%26%25%25%25%
Net Profit363330725790140143
EPS in Rs6.275.795.2912.309.7215.3123.8623.96
Dividend Payout %12%13%14%20%26%20%14%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-8.33%-9.09%140.00%-20.83%57.89%55.56%
Change in YoY Net Profit Growth (%)0.00%-0.76%149.09%-160.83%78.73%-2.34%

Mrs Bectors Food Specialities Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:16%
3 Years:23%
TTM:18%
Compounded Profit Growth
10 Years:%
5 Years:33%
3 Years:25%
TTM:12%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:62%
1 Year:40%
Return on Equity
10 Years:%
5 Years:17%
3 Years:18%
Last Year:23%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital5757575959595961
Reserves2092372623724104866041,054
Borrowings139165134132136127245147
Other Liabilities105117113118117160192238
Total Liabilities5115775666817228311,1001,501
Fixed Assets261363354354411426524595
CWIP921675512499480
Investments44410111144
Other Assets154195202261288345478822
Total Assets5115775666817228311,1001,501

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +10911084164153
Cash from Investing Activity +-43-125-57-151-224
Cash from Financing Activity +-5128-30-3769
Net Cash Flow1514-2-23-1

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-53.00-68.00-41.009.00-13.0048.00-2.00

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 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days37473630282430
Inventory Days34303945523944
Days Payable37424245383845
Cash Conversion Cycle33353330422629
Working Capital Days18301630352026
ROCE %15%12%21%14%21%25%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters51.07%51.07%51.11%51.14%51.14%51.14%51.17%51.18%51.18%51.19%51.19%49.03%
FIIs2.00%2.08%1.30%1.31%2.87%5.64%7.57%9.10%9.32%8.39%8.22%13.12%
DIIs4.88%4.29%13.73%15.25%15.81%16.12%18.24%18.71%17.98%21.10%20.77%20.92%
Public42.05%42.56%33.86%32.30%30.18%27.10%23.02%21.02%21.53%19.33%19.82%16.91%
No. of Shareholders1,18,9391,14,1521,20,1701,11,32797,79682,77174,73185,55293,21091,41895,30293,130

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)23.8715.319.7212.535.29
Diluted EPS (Rs.)23.8515.319.7212.525.29
Cash EPS (Rs.)34.3124.4317.5319.9112.57
Book Value[Excl.RevalReserv]/Share (Rs.)112.7892.5479.7473.4155.78
Book Value[Incl.RevalReserv]/Share (Rs.)112.7892.5479.7473.4155.78
Revenue From Operations / Share (Rs.)276.29231.59168.01149.92133.08
PBDIT / Share (Rs.)44.4831.8321.8925.7316.70
PBIT / Share (Rs.)34.0322.7714.0718.139.43
PBT / Share (Rs.)32.0220.5812.8716.526.81
Net Profit / Share (Rs.)23.8715.379.7112.305.29
NP After MI And SOA / Share (Rs.)23.8815.319.7112.305.29
PBDIT Margin (%)16.0913.7413.0317.1612.55
PBIT Margin (%)12.319.838.3712.097.08
PBT Margin (%)11.588.887.6511.025.11
Net Profit Margin (%)8.636.635.778.203.97
NP After MI And SOA Margin (%)8.646.615.788.203.97
Return on Networth / Equity (%)21.1716.5412.1816.759.48
Return on Capital Employeed (%)23.3820.0914.0718.5412.45
Return On Assets (%)12.7510.837.9110.615.35
Long Term Debt / Equity (X)0.220.170.180.260.26
Total Debt / Equity (X)0.330.220.270.270.32
Asset Turnover Ratio (%)1.681.751.341.370.00
Current Ratio (X)1.671.792.052.381.33
Quick Ratio (X)1.251.291.471.851.01
Inventory Turnover Ratio (X)9.019.217.529.020.00
Dividend Payout Ratio (NP) (%)12.570.0012.860.0014.16
Dividend Payout Ratio (CP) (%)8.740.007.120.005.96
Earning Retention Ratio (%)87.430.0087.140.0085.84
Cash Earning Retention Ratio (%)91.260.0092.880.0094.04
Interest Coverage Ratio (X)22.0814.5018.1915.886.36
Interest Coverage Ratio (Post Tax) (X)12.858.009.078.583.01
Enterprise Value (Cr.)6646.993194.901694.052007.820.00
EV / Net Operating Revenue (X)4.092.351.712.280.00
EV / EBITDA (X)25.4217.0613.1613.280.00
MarketCap / Net Operating Revenue (X)4.032.311.672.240.00
Retention Ratios (%)87.420.0087.130.0085.83
Price / BV (X)9.885.793.524.580.00
Price / Net Operating Revenue (X)4.032.311.672.240.00
EarningsYield0.020.020.030.030.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mrs Bectors Food Specialities Ltd as of December 25, 2024 is: 2,995.44

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 December 25, 2024, Mrs Bectors Food Specialities Ltd is Undervalued by 82.20% compared to the current share price 1,644.00

Intrinsic Value of Mrs Bectors Food Specialities Ltd as of December 25, 2024 is: 3,422.76

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 December 25, 2024, Mrs Bectors Food Specialities Ltd is Undervalued by 108.20% compared to the current share price 1,644.00

Last 5 Year EPS CAGR: 14.27%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 15.43%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 25.00, which is a positive sign.
  3. The company has higher reserves (454.25 cr) compared to borrowings (153.13 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (513.63 cr) and profit (102.13 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 32.57, 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 Mrs Bectors Food Specialities Ltd:
    1. Net Profit Margin: 8.63%
      • 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: 23.38% (Industry Average ROCE: 18.59%)
      • 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%: 21.17% (Industry Average ROE: 18.53%)
      • 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): 12.85
      • 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: 1.25
      • 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: 70.8 (Industry average Stock P/E: 191.36)
      • 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: 0.33
      • 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

Mrs. Bectors Food Specialities Ltd. is a Public Limited Listed company incorporated on 15/09/1995 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L74899PB1995PLC033417 and registration number is 033417. Currently Company is involved in the business activities of Manufacture of bakery products. Company’s Total Operating Revenue is Rs. 923.58 Cr. and Equity Capital is Rs. 58.82 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Food Processing - Bakery/Dairy/Fruits/OthersTheing Road, Phillaur, Jalandhar Dist. Punjab 144410atul.sud@bectorfoods.com
http://www.bectorfoods.com
Management
NamePosition Held
Mr. Ashish AgarwalChairman & Ind.Director
Mr. Anoop BectorManaging Director
Mr. Parveen Kumar GoelWhole Time Director
Mr. Ishaan BectorWhole Time Director
Mr. Suvir BectorWhole Time Director
Mr. Rajiv DewanIndependent Director
Ms. Pooja LuthraIndependent Director
Mr. Alok Kumar MisraIndependent Director
FAQ: No stock data available.

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 Mrs Bectors Food Specialities 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