Freshtrop Fruits Ltd - Stock Valuation and Financial Performance

BSE: 530077 | NSE: | Consumer Food | Small Cap

Freshtrop Fruits Share Price

165.25 1.35 0.82%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Freshtrop Fruits

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

1. Quality

2. Valuation

Fair

3. Price Trend

Freshtrop Fruits stock performance -

mw4me loader
P/E Ratio (SA):
10.56
Market Cap:
163.4 Cr.
52-wk low:
91.1
52-wk high:
284.8

Is Freshtrop Fruits Ltd an attractive stock to invest in?

1. Is Freshtrop Fruits Ltd a good quality company?

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

2. Is Freshtrop Fruits Ltd undervalued or overvalued?

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

3. Is Freshtrop Fruits Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Freshtrop Fruits 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 Freshtrop Fruits:

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.
Freshtrop Fruits 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 13.2%14.3%10.5%9.7%9%11%4.7%7.1%4.7%9%-
Value Creation
Index
-0.10.0-0.3-0.3-0.4-0.2-0.7-0.5-0.7-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 114121119141176171165147174246227
Sales YoY Gr.-6.1%-1.2%18.2%24.9%-2.4%-3.6%-11.3%18.8%41.4%-
Adj EPS 5.36.25.25.66.49.23.96.34.28.615.6
YoY Gr.-16.7%-17.1%9.5%12.9%43.8%-57.5%61.4%-33.4%104.6%-
BVPS (₹) 28.132.938.445.550.963.664.371.778.283.392.1
Adj Net
Profit
6.57.66.36.97.711.14.36.94.58.515
Cash Flow from Ops. 9.412.23.66.48.915.819.59.67.711.4-
Debt/CF from Ops. 2.62.16.84.14.62.51.73.23.11.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9%7%14.2%41.4%
Adj EPS 5.4%6.1%30%104.6%
BVPS12.8%10.4%9%6.6%
Share Price 20% 1.5% 25.5% 61.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
18.220.414.413.513.2165.89.25.510.217.8
Op. Profit
Mgn %
10.813.712.810.99.911.56.610.56.66.710.8
Net Profit
Mgn %
5.76.35.34.94.46.52.64.72.63.46.8
Debt to
Equity
0.70.70.50.50.70.50.50.40.30.3-
Working Cap
Days
199173174197186207216223201156109
Cash Conv.
Cycle
64489188739177781047665

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.80%

Sales growth is growing at healthy rate in last 3 years 14.23%

Net Profit is growing at healthy rate in last 3 years 30.02%

Sales growth is not so good in last 4 quarters at -9.13%

Latest Financials - Freshtrop Fruits Ltd.

Standalone Consolidated
TTM EPS (₹) 15.6 -
TTM Sales (₹ Cr.) 227 -
BVPS (₹.) 92.1 -
Reserves (₹ Cr.) 81 -
P/BV 1.79 -
PE 10.56 -
From the Market
52 Week Low / High (₹) 91.10 / 284.75
All Time Low / High (₹) 1.20 / 284.75
Market Cap (₹ Cr.) 163
Equity (₹ Cr.) 9.9
Face Value (₹) 10
Industry PE 65.3

Management X-Ray of Freshtrop Fruits:

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 Freshtrop Fruits

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales114120119141176171165147174246
Operating Expenses 102104104125158152154131163230
Manufacturing Costs18192020222423212937
Material Costs596565779880937480135
Employee Cost 55611131817141417
Other Costs 20151217252922223941
Operating Profit 11161515172011151116
Operating Profit Margin (%) 9.8%13.3%12.8%10.9%9.8%11.5%6.5%10.5%6.6%6.7%
Other Income 1333252451
Interest 2211111112
Depreciation 2444455555
Exceptional Items 0000-100000
Profit Before Tax 812131413186131011
Tax 3555541433
Profit After Tax 68898145978
PAT Margin (%) 5.0%6.3%6.8%6.3%4.7%8.0%2.8%6.5%4.2%3.4%
Adjusted EPS (₹)4.76.36.67.46.811.34.18.76.98.6
Dividend Payout Ratio (%)22%16%15%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 34404755627772788482
Share Capital 12121212121211111110
Reserves 22283443506561677373
Minority Interest0000000000
Debt22222226383428262221
Long Term Debt441115106265
Short Term Debt18182025242422251615
Trade Payables40163039394347334342
Others Liabilities 13141410181716172022
Total Liabilities 10992111130158172162155169167

Fixed Assets

Gross Block506062638790949699101
Accumulated Depreciation14182226293439444953
Net Fixed Assets37424038585655525148
CWIP 1000001000
Investments 00001105852
Inventories44324145364949466566
Trade Receivables18112533503933333438
Cash Equivalents 3427543654
Others Assets7337813171099
Total Assets 10992111130158172162155169167

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 912469161910811
PBT 812131413186131011
Adjustment 4553665546
Changes in Working Capital -2-1-10-5-8-110-7-3-6
Tax Paid -1-4-4-5-3-6-2-1-40
Cash Flow From Investing Activity -6-9-2-4-23-110-300
Capex 0-9-1-4-22-3-5-2-3-3
Net Investments 00-10-1-95-233
Others -7000010000
Cash Flow From Financing Activity -1-2-3212-5-21-5-6-13
Net Proceeds from Shares 1000000000
Net Proceeds from Borrowing 11-2-114-5-4-54-1
Interest Paid -2-2-1-1-1-1-1-1-1-2
Dividend Paid -1-1-1-1000000
Others 1025-20-160-10-11
Net Cash Flow 21-15-2-1-112-1
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)15.9820.4618.617.5414.219.776.212.649.0910.2
ROCE (%)17.1722.9920.3618.8315.2917.536.5513.0910.311.83
Asset Turnover Ratio1.11.21.181.181.231.051.010.971.11.54
PAT to CFO Conversion(x)1.51.50.50.671.131.143.81.111.141.38
Working Capital Days
Receivable Days53435575869578786851
Inventory Days123115111110849010511311392
Payable Days207159129162145187176196174115

Freshtrop Fruits Ltd Stock News

Freshtrop Fruits Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Freshtrop Fruits on 28-Mar-2024 16:01 is ₹165.2.
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 28-Mar-2024 16:01 the market cap of Freshtrop Fruits stood at ₹163.4.
The latest P/E ratio of Freshtrop Fruits as of 28-Mar-2024 16:01 is 10.56.
The latest P/B ratio of Freshtrop Fruits as of 28-Mar-2024 16:01 is 1.79.
The 52-week high of Freshtrop Fruits is ₹284.8 and the 52-week low is ₹91.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Freshtrop Fruits is ₹227.3 ( Cr.) .

About Freshtrop Fruits Ltd

Freshtrop Fruits company was incorporated as a private limited company on  September 30, 1992. It was converted into a public limited company on September 22, 1994. The company is promoted by Ashok V. Motiani, en Engineer from the Indian Institute of Technology, Mumbai. Motiani had initially setup the packaging business of the Motiani Group, which has its manufacturing facilities at Ahmedabad.

Freshtrop Fruits is engaged in the business of exports of fresh fruits and vegetables to leading supermarket chains in various parts of Europe. The company is dealing in fresh fruits like grapes, pomegranates and mangoes. In 1993 Freshtrop set up its first post-harvest handling facility at Nashik, in the state of Maharashtra, 200 km. from Mumbai, with a capacity to pack and pre-cool 20 MT of fresh produce a day. In 2002 Freshtrop setup its second state-of-the-art, completely air conditioned, post-harvest handling facility at Sangli in Maharashtra with a similar capacity.

In 2003 Freshtrop added mechanized packing system for packing grapes in consumer packs known as punnets. Again in 2004 balancing equipments were installed to improve utilization of existing assets and new systems were set up to ensure 100% traceability. In 2005 Freshtrop setup its third most modern post harvest handling facility at Satara in Maharashtra. All 3 facilities now have an individual installed capacity to pack and pre-cool more than 20 tons of fresh fruits per day and can store around 150 MT of this product in palletized form in its cold stores.

Freshtrop has been a consistent and dependable supplier of good quality fresh produce to the most demanding supermarkets of Western Europe. Freshtrop works with over 1,000 growers spread across three states Maharashtra, Karnataka and Andhra Pradesh in southern India. The main objective of the company is to serve their customers at a level that meets or exceeds their expectations. They operate their business in a manner that their customers would like, based on their needs and desires with respect to providing safe products of premium quality in commercially adequate quantities.

Product range of the company includes:

1. Grapes

  • Thompson Seedless This is the most well known and accepted variety of table grapes in the world. Light green colour, oblong berries and sweet juicy flavors. This cultivar can be prepared and harvested for customers preferring a light green to yellow or amber color. This variety is available from January to April.
  • Flame Seedless Flame Seedless has an exceptional taste with small and round berries that have an attractive red colour. It is a very popular variety.This variety is available in February up to the first week of April.
  • Sharad seedless Sharad seedless is sweet with a crisp taste. Berries are medium sized, oval and purple-black in colour. This is an early variety and is available from December to February.

2. Mango

  • Alphonso (Happus )Alphonso mango is known as the King of fruits in India. It is grown mainly in the states of Gujarat & Maharashtra. The fruit is medium in size, ovate - oblique in shape, orange yellow in colour; juice is moderate-abundant; excellent keeping quality, good for pulping and canning; mainly exported as fresh fruit to other countries; flesh develops spongy tissue. This variety is available in the months of February, March & April. 
  •  Kesar This is the main variety of the state of Gujarat. The fruit is medium oblong with a red blush on the shoulders; good keeping quality; ideal for pulping and juice concentrates. This variety is available in the months of May & June. 
  • Banganapalli (Baneshan, Safeda) The fruit is large sized. It is grown in the state of Andhra Pradesh and Tamil Nadu. This variety is suited for dry areas. It is obliquely oval in shape, golden yellow in colour; good keeping quality; good for canning; biennial in habit This variety is available in the months of April & May. 
  • Dashehari This variety is grown in the Northern part of India in the states of Uttar Pradesh, Haryana and Punjab. It is one of the best varieties of the country; fruit size is small - medium, shape is elongated with yellow fruit colour, flesh is fibreless; good keeping quality; mainly used for table purpose.This variety is available in the months of June, July & August.
  • Chausa  It is the most popular late season variety. The fruit is medium oblong and has a golden yellow colour with a red blush. This variety is also grown in Northern parts of India and is available in July & August.

3.Pomegranates An impressive apple-shaped fruit with hard golden-red skin and a large calyx resembling a royal crown – pomegranate is a fruit with mystical past and an amazing future! It has already gained the reputation of a super-fruit with amazing anti-oxidant properties.

Achievements/ recognition:

  • Freshtrop became one of the first Indian grape exporters to get 3 of its growers certified to the international EurepGAP standard on a pilot basis in 2003.
  • Freshtrop’s Nasik unit became the first Indian post-harvest facility to get certified to this standard in 2005.
  • The Apeda Export award for outstanding contribution to promotion of Agricultural and processed food products for the period 1994-1995.
  • Freshtrop Fruits Ltd., a leading grape exporter from Nashik is the only company having automatic punnet packing lines in their Packhouse.
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