Flex Foods Ltd - Stock Valuation and Financial Performance

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

Flex Foods Share Price

91.24 0.99 1.10%
as on 04-Dec'24 14:23

DeciZen - make an informed investing decision on Flex Foods

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

1. Quality

2. Valuation

Undervalued

3. Price Trend

Flex Foods stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
112.4 Cr.
52-wk low:
80.5
52-wk high:
164

Is Flex Foods Ltd an attractive stock to invest in?

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 Undervalued zone.

3. Is Flex Foods Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Flex Foods Ltd is likely to Fall 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 19.6%16.4%14.3%12.9%12.6%7.2%15%7.7%0.7%-5.4%-
Value Creation
Index
0.40.20.0-0.1-0.1-0.50.1-0.5-1.0-1.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 72.582.785.290.784.680.6102111117121147
Sales YoY Gr.-14.1%3%6.6%-6.8%-4.8%26.9%8.8%5.4%3.4%-
Adj EPS 7.35.95.74.38.14.697.3-8.5-20.4-29.1
YoY Gr.--19.3%-2.7%-26%90.1%-42.8%93.7%-18.2%-216.4%NA-
BVPS (₹) 52.95861.163.4727685.191.581.960.444.2
Adj Net
Profit
9.17.37.25.310.15.811.19.1-10.6-25.5-36
Cash Flow from Ops. 10.626.19.917.516.716.612.82.36.9-13.3-
Debt/CF from Ops. 2.31.53.71.81.61.11.264.833.7-19.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.9%7.5%5.8%3.4%
Adj EPS -212.1%-220.4%-231.7%NA
BVPS1.5%-3.4%-10.8%-26.2%
Share Price 2.6% 15.7% -2.9% -15.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
14.510.79.66.811.96.211.18.3-9.8-28.7-55.5
Op. Profit
Mgn %
25.822.322.418.621.214.519.917.79.5-1.3-7.3
Net Profit
Mgn %
12.68.98.45.811.97.110.98.2-9-21-24.6
Debt to
Equity
0.40.60.50.40.30.20.21.32.33.54
Working Cap
Days
237217225222229234197231274311126
Cash Conv.
Cycle
10696108109124122102114129167-2

Recent Performance Summary

Sales growth is good in last 4 quarters at 39.16%

Return on Equity is Poor

Sales growth has been subdued in last 3 years 5.84%

Debt to equity has increased versus last 3 years average to 3.47

Latest Financials - Flex Foods Ltd.

Standalone Consolidated
TTM EPS (₹) -29.1 -
TTM Sales (₹ Cr.) 147 -
BVPS (₹.) 44.2 -
Reserves (₹ Cr.) 43 -
P/BV 2.04 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 80.50 / 164.00
All Time Low / High (₹) 1.00 / 169.15
Market Cap (₹ Cr.) 112
Equity (₹ Cr.) 12.5
Face Value (₹) 10
Industry PE 66.7

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales728385918581102111117121
Operating Expenses 5464667467698292106123
Manufacturing Costs20212325252526314351
Material Costs9141317111326272226
Employee Cost 12141517181918172126
Other Costs 13141514131212162120
Operating Profit 191819171812202011-2
Operating Profit Margin (%) 25.8%22.3%22.3%18.6%21.1%14.5%19.8%17.7%9.5%-1.8%
Other Income 2222222010
Interest 345432221617
Depreciation 445555551016
Exceptional Items 0000000000
Profit Before Tax 141311111161512-14-35
Tax 55340-133-3-9
Profit After Tax 9887117129-11-26
PAT Margin (%) 13.0%9.9%9.2%7.5%13.0%8.4%11.7%8.2%-9.0%-21.4%
Adjusted EPS (₹)7.66.66.35.58.95.59.67.3-8.5-20.8
Dividend Payout Ratio (%)30%38%40%0%11%14%10%14%-6%-2%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 66727679909510611410275
Share Capital 12121212121212121212
Reserves 536064677782931019063
Minority Interest0000000000
Debt22343127241514141218244
Long Term Debt7161014830106183197
Short Term Debt15182113151214353548
Trade Payables610108697111926
Others Liabilities 18232324212021354040
Total Liabilities 113139141139141139149300379385

Fixed Assets

Gross Block103127131142149152153160326376
Accumulated Depreciation485257616672778291108
Net Fixed Assets5576758183807678234268
CWIP 2010111124492
Investments 0000000000
Inventories16182018212420193646
Trade Receivables12192020171126273038
Cash Equivalents 5158356131632
Others Assets21111616151713362729
Total Assets 113139141139141139149300379385

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1126101817171327-13
PBT 141311111161512-14-35
Adjustment 468776662333
Changes in Working Capital -48-81-23-6-14-4-11
Tax Paid -4-2-3-3-10-4-4-10
Cash Flow From Investing Activity -7-21-4-11-7-2-1-129-88-3
Capex -9-23-5-11-8-3-2-130-89-4
Net Investments 0000000000
Others 2210000010
Cash Flow From Financing Activity -74-12-12-8-13-51306815
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -19-54-6-5-31067714
Interest Paid -3-4-5-4-3-2-2-2-15-11
Dividend Paid -3-3-4-40-2-1-1-1-1
Others 032-91-4127813
Net Cash Flow -49-6-52173-13-1
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)14.9711.8410.588.7813.097.3711.968.3-9.82-29.26
ROCE (%)19.5916.3514.2912.8512.617.16157.730.69-5.36
Asset Turnover Ratio0.660.660.610.650.610.580.720.50.350.32
PAT to CFO Conversion(x)1.223.251.252.571.552.431.080.22N/AN/A
Working Capital Days
Receivable Days736883818061648689102
Inventory Days6876837783100786487124
Payable Days228207295195241212111118245312

Flex Foods Ltd Stock News

Flex Foods Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Flex Foods on 04-Dec-2024 14:23 is ₹91.24.
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 04-Dec-2024 14:23 the market cap of Flex Foods stood at ₹112.4.
The latest P/E ratio of Flex Foods as of 04-Dec-2024 14:23 is 0.00.
The latest P/B ratio of Flex Foods as of 04-Dec-2024 14:23 is 2.04.
The 52-week high of Flex Foods is ₹164.0 and the 52-week low is ₹80.50.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Flex Foods is ₹147.3 ( 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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