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BSE: 0 | NSE: ITALIANE | Consumer Food | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Italian Edibles Ltd is a below average quality company.
The key valuation ratios of Italian Edibles Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Italian Edibles Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| ROCE % ⓘ | 6.5% | 7.6% | 14.6% | - |
| Value Creation Index ⓘ | -0.5 | -0.5 | 0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | ||||
| Sales ⓘ | 48.9 | 75.4 | 63.2 | 63 |
| Sales YoY Gr. | - | 54.2% | -16.2% | - |
| Adj EPS ⓘ | 0.9 | 0.9 | 2.4 | 1.8 |
| YoY Gr. | - | -1.2% | 185.9% | - |
| BVPS (₹) ⓘ | 6.2 | 7.5 | 9.9 | 31.5 |
| Adj Net Profit ⓘ | 0.8 | 0.9 | 2.6 | 3 |
| Cash Flow from Ops. ⓘ | 3.2 | -1.4 | 5.8 | - |
| Debt/CF from Ops. ⓘ | 7.8 | -13.1 | 3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | -16.2% | ||||
| Adj EPS ⓘ | NA | NA | NA | 185.9% | ||||
| BVPSⓘ | NA | NA | NA | 32.5% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|
| Return on Equity % ⓘ | 14.1 | 13.2 | 27.8 | 8.6 |
| Op. Profit Mgn % ⓘ | 7.6 | 6.2 | 11.1 | NAN |
| Net Profit Mgn % ⓘ | 1.7 | 1.2 | 4.2 | 4.2 |
| Debt to Equity ⓘ | 4.3 | 2.2 | 1.6 | - |
| Working Cap Days ⓘ | 0 | 143 | 199 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 81 | 105 | 0 |
Debt to equity has declined versus last 3 years average to 1.61
Return on Equity has declined versus last 3 years average to 8.60%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 1.8 | - |
| TTM Sales (₹ Cr.) | 63.2 | - |
| BVPS (₹.) ⓘ | 31.5 | - |
| Reserves (₹ Cr.) ⓘ | 32 | - |
| P/BV ⓘ | 1.14 | - |
| PE ⓘ | 20.05 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 53 |
| Equity (₹ Cr.) | 14.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 65.6 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Sales | 48.90 | 75.41 | 63.21 |
| Operating Expenses ⓘ | 45.20 | 70.94 | 56.23 |
| Manufacturing Costs | 1.17 | 18.43 | 13.91 |
| Material Costs | 38.34 | 43.72 | 35.35 |
| Employee Cost | 3.09 | 5.32 | 4.14 |
| Other Costs ⓘ | 2.61 | 3.47 | 2.83 |
| Operating Profit ⓘ | 3.70 | 4.47 | 6.99 |
| Operating Profit Margin (%) | 7.6% | 5.9% | 11.1% |
| Other Income ⓘ | 0.09 | 0.04 | 0.09 |
| Interest ⓘ | 1.69 | 1.79 | 1.93 |
| Depreciation ⓘ | 0.98 | 1.35 | 1.78 |
| Exceptional Items ⓘ | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1.13 | 1.38 | 3.37 |
| Tax ⓘ | 0.26 | 0.58 | 0.73 |
| Profit After Tax | 0.87 | 0.80 | 2.64 |
| PAT Margin (%) | 1.8% | 1.1% | 4.2% |
| Adjusted EPS (₹) | 0.9 | 0.7 | 2.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 5.84 | 8.14 | 10.78 | |||||||
| Share Capital ⓘ | 1.50 | 1.71 | 1.71 | |||||||
| Reserves ⓘ | 4.34 | 6.43 | 9.07 | |||||||
| Minority Interest | 0 | 0 | 0 | |||||||
| Debt | 20.34 | 15.35 | 14.82 | |||||||
| Long Term Debt | 8.53 | 5.81 | 2.86 | |||||||
| Short Term Debt | 11.81 | 9.54 | 11.97 | |||||||
| Trade Payables | 7.49 | 10.72 | 11.30 | |||||||
| Others Liabilities ⓘ | 5.69 | 4.74 | 4.18 | |||||||
| Total Liabilities ⓘ | 39.35 | 38.95 | 41.09 | |||||||
Fixed Assets | ||||||||||
| Gross Block | 8.49 | 8.55 | 8.87 | |||||||
| Accumulated Depreciation | 2.99 | 3.51 | 5.29 | |||||||
| Net Fixed Assetsⓘ | 5.50 | 5.03 | 3.58 | |||||||
| CWIP ⓘ | 1.22 | 1.06 | 1.07 | |||||||
| Investmentsⓘ | 0.01 | 0.01 | 0 | |||||||
| Inventories | 17.34 | 20.49 | 24.74 | |||||||
| Trade Receivables | 7.59 | 7.77 | 7.23 | |||||||
| Cash Equivalents | 6.05 | 0.31 | 0.22 | |||||||
| Others Assetsⓘ | 1.65 | 4.28 | 4.25 | |||||||
| Total Assets ⓘ | 39.35 | 38.95 | 41.09 | |||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3.19 | -1.38 | 5.80 |
| PBT ⓘ | 1.13 | 1.38 | 3.37 |
| Adjustment ⓘ | 2.42 | 3.20 | 3.59 |
| Changes in Working Capital ⓘ | 0.01 | -5.96 | -0.87 |
| Tax Paid ⓘ | -0.37 | 0 | -0.29 |
| Cash Flow From Investing Activity ⓘ | -2.21 | -0.42 | -1.12 |
| Capex | -2.18 | -0.60 | -0.33 |
| Net Investments | 0 | 0 | 0.01 |
| Others ⓘ | -0.03 | 0.19 | -0.80 |
| Cash Flow From Financing Activityⓘ | 4.37 | -3.94 | -4.77 |
| Net Proceeds from Shares ⓘ | 0 | 0.21 | 0 |
| Net Proceeds from Borrowing ⓘ | 5.85 | -2.71 | -2.96 |
| Interest Paid ⓘ | -1.48 | -1.66 | -1.81 |
| Dividend Paid ⓘ | 0 | 0 | 0 |
| Others ⓘ | 0 | 0.21 | 0 |
| Net Cash Flow ⓘ | 5.35 | -5.74 | -0.08 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 14.82 | 11.48 | 27.93 | |||||||
| ROCE (%) | 9.14 | 11.11 | 19.48 | |||||||
| Asset Turnover Ratio | 1.24 | 1.93 | 1.58 | |||||||
| PAT to CFO Conversion(x) | 3.67 | -1.73 | 2.2 | Working Capital Days | ||||||
| Receivable Days | 57 | 37 | 43 | |||||||
| Inventory Days | 129 | 92 | 131 | |||||||
| Payable Days | 71 | 76 | 114 | |||||||
Italian Edibles Limited was originally incorporated as a Private Limited Company under the name ‘Italian Edibles Private Limited’ under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 16, 2009 issued by the Registrar of Companies, Madhya Pradesh and Chattisgarh. Subsequently, the company was converted into a Public Limited Company and the name of the company was changed to ‘Italian Edibles Limited’ vide special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on September 06, 2023 and a Fresh Certificate of Incorporation pursuant to change of name was issued by Registrar of Companies, Delhi & Haryana dated September 21, 2023.
The company is engaged in manufacturing of delicious mouthwatering confectionery products for the last 14 years. Its confectionery products are sold under the brand name of 'Ofcour’s'. The company offers a wide range of confectioneries such as Rabdi (Meethai Sweet), Milk Paste, Chocolate Paste, Lollipops, Candies, Jelly Candies, Multi-Grain Puff Rolls, Fruit Based Products to its customers. India being a country with different cultures, many festivals and occasions, celebration with confectioneries plays a major role in those special occasions, festivals etc.
Its confectionery products are sold PAN India, majorly in rural and semi-urban areas of Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerela, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand, West Bengal and through local wholesalers and distributors located in these areas. The company’s consumer segments largely include teenagers, young adults and children’s located in rural and semi-urban areas of India. Apart from selling its confectionery products within India, it also exports to various countries such as Nigeria, Yemen, Sinegal and Sudan.
Business area of the company
The company is engaged in manufacturing of delicious mouthwatering confectionery products.
Products of the company
History and milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
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