Flex Foods Ltd Stock Analysis

BSE: 523672 | NSE: | Consumer Food | Small Cap

BSE Share Price 06-Feb-2023 18:01
101.00 0.40 (0.40%)

DeciZen - Make an Informed Decision on Flex Foods

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Flex Foods Price Chart

P/E Ratio ( SA) :
27.70
Market Cap :
125.8 Cr.
52-wk low :
80
52-wk high :
135
Bole Toh?

1. Is Flex Foods Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Flex Foods Ltd is a average quality company.

2. Is Flex Foods Ltd undervalued or overvalued?

The key valuation ratios of Flex Foods Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Flex Foods Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Flex Foods Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Flex Foods:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Flex Foods Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 9.6%14.4%12.6%9.8%9.4%7%10.9%6.6%10.8%5.1%-
Value Creation Index -0.30.0-0.1-0.3-0.3-0.5-0.2-0.5-0.2-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 52.866.272.582.785.290.784.680.6102110108
YoY Gr. Rt. %-25.2%9.5%14.1%3%6.6%-6.8%-4.8%26.9%7.4%-
Adj EPS 4.17.67.35.95.74.38.14.696.53.7
YoY Gr. Rt. %-87%-4.2%-19.3%-2.7%-26%90.1%-42.8%93.7%-27.4%-
BVPS (₹) 41.848.252.95861.163.4727685.191.591.4
Adj Net Profit 5.19.59.17.37.25.310.15.811.18.15
Cash Flow from Ops. 5.812.410.626.19.917.516.716.612.82.3-
Debt/CF from Ops. 2.42.12.31.53.71.81.61.11.264.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.5%5.2%9.1%7.4%
Adj EPS 5.3%2.5%-7%-27.4%
BVPS 9.18.48.37.5
Share Price 14.7% -5% 34.2% -6.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 101714.510.79.66.811.96.211.17.44
Op. Profit Mgn % 18.124.225.822.322.418.621.214.519.916.612.6
Net Profit Mgn % 9.614.412.68.98.45.811.97.110.97.44.2
Debt to Equity 0.30.40.40.60.50.40.30.20.21.31.1
Working Cap Days 245225237217225222229234197235287
Cash Conv. Cycle 10096106961081091241221021160

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 4.00%

Sales growth has been subdued in last 3 years 9.09%

Net Profit has been subdued in last 3 years -7.00%

Debt to equity has increased versus last 3 years average to 1.31

Sales growth is not so good in last 4 quarters at 0.54%

Latest Financials - Flex Foods Ltd.

Standalone Consolidated
TTM EPS (₹) 3.7 -
TTM Sales (₹ Cr.) 108 -
BVPS (₹.) 91.4 -
Reserves (₹ Cr.) 101 -
P/BV 1.11 -
PE 27.70 -
From the Market
52 Week Low / High (₹) 80.00 / 135.00
All Time Low / High (₹) 1.00 / 169.15
Market Cap (₹ Cr.) 126
Equity (₹ Cr.) 12.5
Face Value (₹) 10
Industry PE 57.8

Management X-Ray of Flex Foods :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Flex Foods

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Flex Foods Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Flex Foods on 06-Feb-2023 18:01 is : 101.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Feb-2023 18:01 the market cap of Flex Foods stood at ₹ 125.8.
The latest PE ratio of Flex Foods as of 06-Feb-2023 18:01 is 27.70.
The latest PB ratio of Flex Foods as of 06-Feb-2023 18:01 is 1.11
The 52-week high of Flex Foods is ₹ 135.0 and the 52-week low is ₹ 80.00.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Flex Foods is ₹ 108.1 ( Cr.) .

About Flex Foods Ltd

Flex Foods Ltd is a part of Flex Group of Companies including Flex Industries Ltd., Flex Engineering Ltd. and other companies involved in packaging and information technology business with a total turnover of Rs 1.4 Billions( Dollar 300 Millions).

The company is engaged in the business of agro based value added food products catering to the international markets mainly in Europe, USA, Canada & Middle East countries. The company started its commercial operations in 1992 by establishing a 100% EOU for vacuum freeze dried vegetables mainly mushroom and culinary herbs with a total processing capacity of 2000 MTs per annum.

As a backward integration, the company simultaneously established an 'state-of-the-art' mushroom growing unit with a capacity of 2000 MTs per annum and successfully achieved the 100% capacity utilization by producing high quality white button mushroom through in-house technology development & process optimization along with the technical support from M/s Agrisystems, Holland.

The company also deals in canned mushroom with the brand 'Chef's Choice'. Recently FFL has embarked on a major expansion programme by installing the world class manufacturing facilities for IQF and Air- Dried Mushrooms, Culinary Herbs & Fruits/ Vegetables.

The company has been a major success story in the food processing sector in India with a very high degree of value addition through annual export turnover of approximate Rs.300 Millions. Flex Foods has over 500 employees in its operations and creates employment for over 1000 families through outsourced farming & allied activities. 'Good Manufacturing Practices', 'Quality Management System', and Envt-Health & Safety Management Practices are ensured through regular training & awareness programmes.

The processing infrastructure of the company includes the most modern plant equipments from leading technology providers i.e. NIROA/s , Denmark ; NON, Holland; BINDER, Germany & Eurotek, UK along with those from the leading Indian companies. The plant can process upto 20000 MTs of fruits & vegetables per annum in the form of freeze-dried, frozen, IQF, air-dried and canned products. All the process steps starting from the reciept of raw materials till final packaging of the product, are under strict quality environment & hygienic conditions to achieve the highest level of microbiological & phytosanitary standards.

The technical human resource comprises of highly skilled professional experts in the field of Food Technology, Total Quality Management, Engineering & Agro- Sciences from leading institutes supported by a highly skilled & trained staff and allied manpower.Flex Foods lays top priority on sourcing & quality control of input materials to ensure the highest standards of quality, hygiene & product safety. In order to achieve the right quality of finished products, most of the input materials including mushroom, herbs & other fruits & vegetables are grown under the supervision of in-house experts to ensure that optimum farm conditions and agri-practices are followed throughout the growing & harvesting cycles .

Captive mushroom cultivation unit with a total annual capacity of 2000 MTs is fully equipped with international quality monitoring techniques & best storage facilities to ensure that the fresh & hygienic inputs are always available to the processing units to meet the strict international requirements.

Captive farming of culinary herbs & beans / vegetables has been a remarkable success in terms of the wide range varieties grown under local agro climatic conditions with pesticide free cultivation practices.

The company employs a team of over 15 agri-scientists & experts in food technology, cultivation, agronomy and horticulture sciences. Good Agricultural Practices (GAPs) are ensured through regular interaction & awareness programme for farmers & growers.

Product range of the company includes:

Flex Foods offers a wide range of  Vacuum Freeze Dried, Air-Dried, Frozen and IQF (Individually Quick Frozen) product range of mushrooms, herbs, spices and fruits / vegetables, meeting strict quality & hygiene standards.

Frozen/IQF & Freeze Dried /Air Dried Products - Canned Mushroom

  • Mushroom Buttons
  • Mushroom Slices
  • Mushroom Dices
  • Mushroom Blanched
  • Mushroom Unblanched

Herbs & Spices

  • Parsley
  • Dill
  • Basil
  • Thyme
  • Oregano
  • Marjoram
  • Chervil
  • Sage
  • Mint
  • Savory
  • Rosemary
  • Tarragon
  • Green Pepper
  • Coriander
  • Lemon Grass

Fruits & Vegetables

  • Onion - Red / White
  • Garlic
  • Tamarind Powder
  • Cauliflower / Cabbage
  • French Beans
  • Bell Pepper
  • Jalapeno / Tabasco
  • Broccoli
  • Peas
  • Okra
  • Litchi
  • Pineapple
  • Banana 
  • Mango

Achievements/ recognition:

  • The facilities of the company have been certified for KOSHER and HACCP standards as per the customers’ requirements.
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